Overview
What is Massasoit Community College Foundation Inc?
Massasoit Community College Foundation Inc, located in Brockton, Massachusetts, is a nonprofit organization with a mission to support students attending Massasoit Community College. They primarily focus on providing scholarships and financial assistance to students in need, aiming to enhance their academic journey. Additionally, the foundation works to enrich or improve the college's facilities, services, or programs, contributing to an overall better learning environment for its students. The foundation is headquartered at ONE MASSASOIT BLVD, Brockton, MA 02302.
Official website here: www.massasoit.edu/alumni/massasoit-foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Stars
Massasoit Community College Foundation Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial health. The organization scored 100% for its Accountability & Finance, indicating that it operates with transparency and integrity, which is essential for donor trust and engagement. The foundation's focus on governance is evident, with a board composed entirely of independent members.
The foundation excels in various areas, including a perfect score for its Material Diversion of Assets, indicating there have been no issues in this regard. Additionally, it has established comprehensive policies such as Conflict of Interest, Whistleblower, and Document Retention, all of which contribute to its strong governance framework. The high Program Expense Ratio of 94.59% suggests that a significant portion of its resources is allocated directly toward programmatic activities rather than administrative costs.
While the data does not highlight specific limitations, maintaining its high standards will be crucial for continued success. The foundation's commitment to transparency and effective governance positions it well for future growth and impact in supporting educational initiatives at Massasoit Community College.
This AI summary has been generated from information found on Charity Navigator.
Is Massasoit Community College Foundation Inc legitimate?
Massasoit Community College Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Massasoit Community College Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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Official website here: www.massasoit.edu/alumni/massasoit-foundation
What is the mission statement of Massasoit Community College Foundation Inc?
The Massasoit Community College Foundation Inc's mission is centered around assisting students enrolled at Massasoit Community College. Their primary objective is to provide financial aid to students in need and enhance the college's facilities, services, or programs. Through the provision of scholarships and financial assistance, the foundation aims to alleviate financial burdens for eligible students, thereby enabling them to pursue their education. The foundation's activities also involve enriching the overall college experience by adding to its offerings and resources.
Official website here: www.massasoit.edu/alumni/massasoit-foundation
Who is the CEO of Massasoit Community College Foundation Inc?
Robert Terravecchia Jr is the Treasurer of Massasoit Community College Foundation Inc.
Official website here: www.massasoit.edu/alumni/massasoit-foundation
What is the revenue of Massasoit Community College Foundation Inc?
Massasoit Community College Foundation Inc's revenue in 2022 was $580,357.
Official website here: www.massasoit.edu/alumni/massasoit-foundation
Who are the executives of Massasoit Community College Foundation Inc and what are their salaries?
There 17 volunteers at Massasoit Community College Foundation Inc.
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Official website here: www.massasoit.edu/alumni/massasoit-foundation
Where can I find the form 990 for Massasoit Community College Foundation Inc?
Massasoit Community College Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.massasoit.edu/alumni/massasoit-foundation
Learn more at the official website: www.massasoit.edu/alumni/massasoit-foundation
Mission Statement of Massasoit Community College Foundation Inc
Massasoit Community College Foundation Inc is dedicated to serving the students of Massasoit Community College who are in financial need. Their mission is multifaceted, aiming to not only provide financial aid but also enhance or supplement the college's facilities, services, or programs. By doing so, they strive to enrich the overall educational experience for these students. The Foundation achieves this mission by providing scholarships and financial assistance to eligible students, thus enabling them to pursue their education without being burdened by financial constraints.
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Impact
July, 2024
Massasoit Community College Foundation Inc plays a crucial role in supporting students of Massasoit Community College who are in need of financial aid. By providing funds for scholarships and financial assistance, the foundation helps to ensure that needy students have the resources they need to pursue their education. Additionally, the foundation contributes to enriching and enhancing the facilities, services, and programs available at Massasoit Community College. This support directly impacts the lives of students, enabling them to access higher education and achieve their academic goals. It is a key player in advancing education and opportunity in the community.
This information is meant to be a general summary of Massasoit Community College Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,391
- Gross Receipts: $1,493,186
Assets and Liabilities:
- Total Assets: $2,221,109
- Total Liabilities: $274,002
- Net Assets: $1,947,107
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Organization Details
Founding Year
1976
Phone
(508) 588-9100Principal Officer
Robert Terravecchia Jr
Main Address
ONE MASSASOIT BLVD, BROCKTON, MA, 02302
NTEE Category
Code: B41I - Education
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