Overview
What is Suny Cobleskill College Foundation?
Suny Cobleskill College Foundation is a nonprofit organization situated in Cobleskill, New York. Its primary mission is to accumulate additional resources to enhance the quality of educational experiences for students at Suny Cobleskill College. This is achieved through various means, including administering scholarships and providing awards based on both financial need and academic merit. The foundation also engages in college-wide major gift fundraising and asset management, offering emergency student loans, supporting unique academic enrichment programs, and boosting the community's awareness of the college and its services. The organization covers its general and administrative expenses by collecting an administrative fee from the scholarships it manages.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Stars)
The Suny Cobleskill College Foundation received a Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. This score is particularly significant as it indicates that the foundation effectively manages its resources and adheres to high standards in governance practices. The overall rating is based solely on the foundation's accountability and finance metrics, showcasing its commitment to transparency.
Strengths of the foundation include a fully independent board, with 93% of its members being independent. It has no reported material diversion of assets and is in compliance with several key governance policies, including conflict of interest and whistleblower protections. Additionally, the foundation demonstrates fiscal responsibility with a low liabilities-to-assets ratio and a high program expense ratio, indicating that a significant portion of its funds is directed toward its mission.
While the foundation's financial metrics are robust, the focus on accountability and finance means that further insights into programmatic impact or community feedback are not reflected in this rating. Nonetheless, the data suggests that the Suny Cobleskill College Foundation is well-managed and dedicated to serving its educational mission effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Suny Cobleskill College Foundation legitimate?
Suny Cobleskill College Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Suny Cobleskill College Foundation 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.
Heare are some key statistics you may want to consider:
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What is the mission statement of Suny Cobleskill College Foundation?
The Suny Cobleskill College Foundation's mission is to amplify resources, enabling the college to deliver superior educational experiences for its students. They accomplish this by providing annual and honors scholarships, as well as awards based on financial need and academic merit. Furthermore, the foundation supports college-wide major gift fundraising and asset management, offers emergency student loans, funds special projects for professional staff development, backs unique academic enrichment programs, and boosts the community's awareness of the college and its services.
Who is the CEO of Suny Cobleskill College Foundation?
John Zacharek is the Past President of Suny Cobleskill College Foundation.
What is the revenue of Suny Cobleskill College Foundation?
Suny Cobleskill College Foundation's revenue in 2022 was $3,058,539.
Who are the executives of Suny Cobleskill College Foundation and what are their salaries?
There 17 volunteers at Suny Cobleskill College Foundation.
Here are 21 key members and their salaries:
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Where can I find the form 990 for Suny Cobleskill College Foundation?
Suny Cobleskill College Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Suny Cobleskill College Foundation
Suny Cobleskill College Foundation's mission is centered around enhancing the educational experiences of its students. The foundation aims to raise additional resources, enabling the college to maintain its high-quality educational standards. One of their primary initiatives involves providing annual and honors scholarships, as well as awards based on financial need and academic merit.
Beyond scholarships, the foundation engages in various supportive activities. These include college-wide major gift fundraising and asset management, emergency student loans, and special projects for professional staff development. They also support unique academic enrichment programs and work towards increasing the community's awareness of the college and its services. The foundation's resources are not limited to financial aid; they also provide assistance for special projects and enhancements that enrich the college's offerings.
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Impact
October, 2024
The Suny Cobleskill College Foundation plays a vital role in enhancing the educational landscape for students at the college. Its mission focuses on developing additional resources to ensure that quality educational experiences are accessible. Through the foundation's efforts, numerous annual and honors scholarships are awarded, specifically targeting students based on academic merit and financial need.
Moreover, the foundation actively participates in major gift fundraising and asset management, contributing to a stronger financial base for the college. It also addresses immediate needs through emergency student loans, enabling students to manage unforeseen financial challenges. Special projects aimed at professional staff development are supported, enhancing the overall educational environment.
By funding unique academic enrichment programs, the foundation enriches the curriculum and offers students opportunities for deeper learning. Additionally, the foundation works to heighten community awareness of the college and its offerings, fostering a stronger connection between the institution and the local community. Overall, the impact of the Suny Cobleskill College Foundation is significant, contributing to student success and the college's mission to provide high-quality education.
This information is meant to be a general summary of Suny Cobleskill College Foundation. 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: $785,648
- Program Service Revenue: $404,789
- Gross Receipts: $7,009,219
Assets and Liabilities:
- Total Assets: $13,354,700
- Total Liabilities: $480,361
- Net Assets: $12,874,339
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STRATEGIC INITIATIVE
Revenue
$323,013
FEES AND ACTIVITIES
Revenue
$81,776
Organization Details
Founding Year
1969
Phone
(518) 255-5524Principal Officer
John Zacharek
Main Address
201 KNAPP HALL, COBLESKILL, NY, 12043
NTEE Category
Code: B4XZ - Education
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