Overview
What is Holyoke Community College Foundationinc?
The Holyoke Community College Foundationinc is a charitable organization founded under Massachusetts laws, operating independently from Holyoke Community College. Its primary mission is to bolster the quality of education and broaden educational opportunities for students by securing, investing, and managing financial and other resources. The foundation, governed by a board of directors, awards scholarships exceeding $300,000 annually and provides direct support for academic programs and student services across the campus, including technology upgrades, guest speakers, facility renovations, and more. Additionally, the President's Student Emergency Fund helps students overcome various challenges to success. Through meaningful stewardship and donor relations, the foundation celebrates contributors' support for its mission.
Official website here: www.hcc.edu/foundation
What are the reviews and ratings of this charity?
**Charity Navigator Rating: 97% (Four-Star out of Four Stars)**
Holyoke Community College Foundation Inc. has achieved a remarkable 97% rating from Charity Navigator, indicative of its strong commitment to accountability and finance. The organization demonstrates an impressive financial health characterized by its high program expense ratio of over 90%, and a minimal liabilities to assets ratio at just 6.54%. Furthermore, all board members are independent, underscoring a robust governance structure that fosters transparency and trust.
The foundation has established several best practices, including a conflict of interest policy and regular audits, contributing to its commendable rating. Nevertheless, it's important to note that the organization has not been evaluated in areas concerning impact measurement, culture and community, and leadership adaptability due to insufficient data. This could suggest potential areas for improvement in demonstrating its broader effectiveness and community engagement.
User reviews from GreatNonprofits were not available for this organization, making it difficult to capture stakeholder sentiment. Overall, Holyoke Community College Foundation Inc. stands out for its solid financial practices, but the lack of data on other key aspects may warrant attention for a more comprehensive evaluation of its performance and community impact.
This AI summary has been generated from information found on Charity Navigator.
Is Holyoke Community College Foundationinc legitimate?
Holyoke Community College Foundationinc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Holyoke Community College Foundationinc 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.hcc.edu/foundation
What is the mission statement of Holyoke Community College Foundationinc?
The Holyoke Community College Foundationinc's mission is to support programs and activities that enhance the quality of education and expand the educational opportunities for students at Holyoke Community College. As a charitable corporation, it exists to provide financial assistance for initiatives that improve the educational experience, benefiting both the college and its community. The Foundation manages a perpetual trusteeship for capital funds donated by individuals and organizations, specifically allocated to specific programs and activities that contribute to the college's growth and development.
Official website here: www.hcc.edu/foundation
Who is the CEO of Holyoke Community College Foundationinc?
Amanda Sbriscia is the Chairman of Holyoke Community College Foundationinc.
Official website here: www.hcc.edu/foundation
What is the revenue of Holyoke Community College Foundationinc?
Holyoke Community College Foundationinc's revenue in 2023 was $9,505,597.
Official website here: www.hcc.edu/foundation
Who are the executives of Holyoke Community College Foundationinc and what are their salaries?
Here are 27 key members and their salaries:
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Official website here: www.hcc.edu/foundation
Where can I find the form 990 for Holyoke Community College Foundationinc?
Holyoke Community College Foundationinc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.hcc.edu/foundation
Learn more at the official website: www.hcc.edu/foundation
Mission Statement of Holyoke Community College Foundationinc
The Holyoke Community College Foundationinc, a charitable corporation established under the laws of Massachusetts, is committed to enhancing the quality of education and expanding educational opportunities for students enrolled at Holyoke Community College. To achieve this mission, the Foundation provides a perpetual trusteeship for capital funds donated by individuals and organizations. These donations support specific programs and activities that benefit the college and the community it serves. By doing so, the Holyoke Community College Foundationinc plays a vital role in contributing to the growth and development of its students, ultimately enriching the educational landscape.
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Impact
October, 2024
Holyoke Community College Foundation, Inc. plays a vital role in enhancing educational experiences and opportunities for students at Holyoke Community College. By securing and managing financial resources, the Foundation awarded over $300,000 in scholarships during the fiscal year ending June 30, 2023, making college more accessible for numerous students.
In addition to scholarships, the Foundation directly supports academic programs and student services across campus. This includes funding for classroom equipment, upgraded technology, guest speakers, and facility renovations, all of which contribute to a richer learning environment. The Foundation also addresses immediate student needs through initiatives like the President's Student Emergency Fund, helping students overcome barriers to their success.
The commitment to meaningful stewardship and strong donor relations further reinforces the Foundation's impact, ensuring that contributions are celebrated and effectively utilized to support its mission. Through these efforts, the Holyoke Community College Foundation significantly enriches the educational landscape for students, fostering a community of learning and growth.
This information is meant to be a general summary of Holyoke Community College Foundationinc. 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 2023.
- Investment Income: $825,313
- Gross Receipts: $12,540,741
Assets and Liabilities:
- Total Assets: $28,395,035
- Total Liabilities: $1,859,279
- Net Assets: $26,535,756
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Organization Details
Founding Year
1968
Phone
(413) 552-2747Principal Officer
Amanda Sbriscia
Main Address
303 HOMESTEAD AVENUE, HOLYOKE, MA, 01040
Website
www.hcc.edu/foundationNTEE Category
Code: B11 - Education
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