Overview
What is College Of The Mainland Foundation?
College of The Mainland Foundation is a nonprofit organization situated in Texas City, Texas. With a focus on education, they provide scholarships and financial aid to 529 students, promoting educational excellence. The foundation's mission is to strengthen community awareness of the college's mission and accomplishments, and to foster a student-centered learning environment dedicated to scholarship and aid for education. By doing so, they aim to facilitate the creation of a community that supports and encourages academic growth.
Official website here: www.com.edu/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 93%, Four-Star out of Four Star rating from Charity Navigator.
The College Of The Mainland Foundation has received a strong rating of 93%, indicating a solid performance in both accountability and impact measurement. With an Accountability & Finance score of 84 and an impressive Impact & Measurement score of 100, the foundation demonstrates strong financial management and effective impact evaluation processes.
Strengths of the organization include its robust policies regarding conflict of interest, whistleblowing, and document management, all of which have been fully met. Additionally, the foundation exhibits a commendable program expense ratio, with the notable ability to increase scholarship recipient income significantly, showcasing its effective use of resources.
However, the program expense ratio of 60.64% suggests that there may be room for improvement in how funds are allocated towards direct program services. Overall, the foundation appears to be effectively managed and committed to maximizing its impact within the community.
This AI summary has been generated from information found on Charity Navigator.
Is College Of The Mainland Foundation legitimate?
College Of The Mainland Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. College Of The Mainland 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
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For more financial information, click here
Official website here: www.com.edu/foundation
What is the mission statement of College Of The Mainland Foundation?
The College of The Mainland Foundation's mission is centered around promoting educational excellence. Their primary goal is to enhance community awareness about the college's mission and achievements. Furthermore, they strive to foster a student-focused learning environment, dedicated to scholarship and aid for education. The foundation facilitates the creation of this community by providing scholarships to 529 students.
Official website here: www.com.edu/foundation
Who is the CEO of College Of The Mainland Foundation?
Lisa M Watson is the Executive Di of College Of The Mainland Foundation.
Official website here: www.com.edu/foundation
What is the revenue of College Of The Mainland Foundation?
College Of The Mainland Foundation's revenue in 2022 was $2,571,543.
Official website here: www.com.edu/foundation
Who are the executives of College Of The Mainland Foundation and what are their salaries?
There 20 volunteers at College Of The Mainland Foundation.
Here are 15 key members and their salaries:
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Official website here: www.com.edu/foundation
Where can I find the form 990 for College Of The Mainland Foundation?
College Of The Mainland Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.com.edu/foundation
Learn more at the official website: www.com.edu/foundation
Mission Statement of College Of The Mainland Foundation
The College of the Mainland Foundation is committed to fostering educational excellence. Its mission is threefold: firstly, to raise community awareness about the college and its achievements; secondly, to facilitate the creation of a student-centered learning environment; and lastly, to promote scholarship and provide aid for education. The foundation strives to establish a community dedicated to academic achievement, offering scholarships to 529 students in the process. By doing so, the College of the Mainland Foundation aims to support and encourage the educational growth of its students, ultimately contributing to a more knowledgeable and skilled society.
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Impact
October, 2024
The College of the Mainland Foundation significantly enhances educational opportunities in Texas City by supporting and encouraging excellence within the College of the Mainland. By providing scholarships and financial aid, the Foundation has enabled 529 students to pursue their academic goals, alleviating financial barriers that can hinder access to education. Additionally, it works to raise community awareness about the College's mission and achievements, fostering a culture of support for student-centered learning. Through its efforts, the Foundation plays a vital role in creating an environment dedicated to scholarship and education, directly contributing to the development of a knowledgeable and skilled workforce in the region.
This information is meant to be a general summary of College Of The Mainland 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: $962,679
- Gross Receipts: $2,571,543
Assets and Liabilities:
- Total Assets: $7,490,554
- Total Liabilities: $109,175
- Net Assets: $7,381,379
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Organization Details
Founding Year
1972
Phone
(409) 933-8674Principal Officer
Lisa M Watson
Main Address
1200 N AMBURN ROAD, TEXAS CITY, TX, 77591
Website
www.com.edu/foundationNTEE Category
Code: B82 - Education
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