Overview
What is Nicolet College Foundation Inc?
Nicolet College Foundation Inc, situated in Rhinelander, Wisconsin, serves as a nonprofit entity with a mission to support students and programs at Nicolet College. Their primary objective is to provide scholarships, thereby enhancing educational opportunities for the college's students. The foundation's activities aim to bolster the college's initiatives, contributing to its overall growth and success. The foundation's commitment extends beyond financial aid, offering assistance that positively impacts the college community as a whole.
Official website here: www.nicoletcollege.edu/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Nicolet College Foundation Inc has achieved a commendable Four-Star rating from Charity Navigator, indicating a high level of accountability and transparency in its operations. The charity's overall score of 96% reflects its strong commitment to efficient financial management and impactful programming. Its Accountability & Finance Score of 92 and an impressive Impact & Measurement Score of 100 signify that the organization effectively utilizes its resources to maximize its positive impact.
The Foundation demonstrates financial effectiveness with a program expense ratio of 75.89%, indicating that a significant portion of its funds is directed towards its programs. Additionally, the fundraising efficiency ratio shows that the organization raises funds at an excellent cost of just $0.01 per dollar, allowing more resources to be directed to scholarships. The substantial working capital ratio of 18.10 years suggests that the Foundation is well-positioned for long-term financial sustainability.
One notable strength of the Nicolet College Foundation is its ability to increase scholarship recipients' income by more than $1.25 for every dollar spent, highlighting the effectiveness of its programs. Overall, the Foundation's strong ratings and metrics demonstrate its capacity to make a significant positive impact on its community through educational support and initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Nicolet College Foundation Inc legitimate?
Nicolet College Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nicolet 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $21,342
For more financial information, click here
Official website here: www.nicoletcollege.edu/foundation
What is the mission statement of Nicolet College Foundation Inc?
The Nicolet College Foundation Inc has a mission to support both the students and academic programs at Nicolet College. Specifically, their purpose is to provide financial aid in the form of scholarships for students enrolled at the college. By doing so, they aim to contribute to the educational growth and success of these individuals, ultimately enhancing the overall academic environment at Nicolet College.
Official website here: www.nicoletcollege.edu/foundation
Who is the CEO of Nicolet College Foundation Inc?
Heather Schallock is the Executive Di of Nicolet College Foundation Inc.
Official website here: www.nicoletcollege.edu/foundation
What is the revenue of Nicolet College Foundation Inc?
Nicolet College Foundation Inc's revenue in 2022 was $575,167.
Official website here: www.nicoletcollege.edu/foundation
Who are the executives of Nicolet College Foundation Inc and what are their salaries?
There 50 volunteers at Nicolet College Foundation Inc.
Here are 15 key members and their salaries:
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Official website here: www.nicoletcollege.edu/foundation
Where can I find the form 990 for Nicolet College Foundation Inc?
Nicolet College Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nicoletcollege.edu/foundation
Learn more at the official website: www.nicoletcollege.edu/foundation
Mission Statement of Nicolet College Foundation Inc
Nicolet College Foundation Inc, as a nonprofit organization, is dedicated to supporting the students and programs of Nicolet College. Its primary mission is to provide financial aid in the form of scholarships for students enrolled at Nicolet College. By offering these scholarships, the foundation aims to alleviate some of the financial burden faced by students, enabling them to focus on their studies and achieve their educational goals. By providing support for students and programs, Nicolet College Foundation Inc is contributing to the development of a well-educated workforce and a thriving community.
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Impact
July, 2024
Nicolet College Foundation Inc's impact lies in providing crucial support for students and programs at Nicolet College. By offering scholarships to students attending Nicolet College in Rhinelander, WI, the foundation plays a vital role in ensuring access to higher education for individuals in the community. Through its mission to provide support for students and programs, Nicolet College Foundation Inc contributes directly to the educational pursuits and success of students, ultimately benefiting the broader community through enhanced access to education.
This information is meant to be a general summary of Nicolet 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: $79,880
- Gross Receipts: $751,886
Assets and Liabilities:
- Total Assets: $3,342,575
- Total Liabilities: $6,691
- Net Assets: $3,335,884
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Organization Details
Founding Year
1971
Phone
(715) 365-4518Principal Officer
Heather Schallock
Main Address
PO BOX 518, RHINELANDER, WI, 54501
NTEE Category
Code: B42 - Education
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