Educational Foundation Of Alfred Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 237209097 ✦ Alfred, NY ✦ Designated as a 501(c)(3)

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Overview

What is Educational Foundation Of Alfred Inc?

The Educational Foundation of Alfred Inc., located in Alfred, New York, is a dedicated nonprofit organization. Its primary mission is to bolster the Alfred State College community by providing financial support to various educational programs. This includes offering scholarships worth $191,500, thereby enhancing learning opportunities for both students and faculty members. The foundation's purpose is to foster a conducive learning environment within the college community.


Official website here: www.alfredstate.edu/educational-foundation

What are the reviews and ratings of this charity?

Charity Navigator Rating: 96% (Four-Star out of Four Star rating)

The Educational Foundation of Alfred Inc has achieved an impressive 96% score, indicating a strong commitment to accountability and finance. This four-star rating reflects the organization’s exemplary practices in governance and financial management, as evidenced by their independent board oversight and comprehensive policies, such as conflict of interest and whistleblower protections.

The organization demonstrates high accountability with a majority of independent board members and a solid financial structure, marked by a low liabilities-to-assets ratio of just 1.91%. Additionally, the foundation allocates a significant portion of its budget towards program expenses, with 90.35% dedicated to its mission-related activities, showcasing its focus on impactful programming.

While the data highlights numerous strengths, further information about the specific programs and their direct impact on the community would enhance the understanding of the foundation's overall effectiveness. Overall, this rating suggests that the Educational Foundation of Alfred Inc operates with high integrity and is dedicated to transparency and service.


This AI summary has been generated from information found on Charity Navigator.

Is Educational Foundation Of Alfred Inc legitimate?

Educational Foundation Of Alfred Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Educational Foundation Of Alfred 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: $0

For more financial information, click here


Official website here: www.alfredstate.edu/educational-foundation

What is the mission statement of Educational Foundation Of Alfred Inc?

The Educational Foundation of Alfred Inc is a charitable organization dedicated to enhancing learning opportunities for students, faculty, and staff at Alfred State College. Its mission is to support educational programs within the community, aiming to improve the overall academic environment. The foundation provides financial aid in the form of scholarships, with a total of $191,500 distributed during the given data period.


Official website here: www.alfredstate.edu/educational-foundation

Who is the CEO of Educational Foundation Of Alfred Inc?

Jonna Anne is the Ex Officio (Beg Sept 2021) of Educational Foundation Of Alfred Inc.


Official website here: www.alfredstate.edu/educational-foundation

What is the revenue of Educational Foundation Of Alfred Inc?

Educational Foundation Of Alfred Inc's revenue in 2022 was $678,568.


Official website here: www.alfredstate.edu/educational-foundation

Who are the executives of Educational Foundation Of Alfred Inc and what are their salaries?

There 23 volunteers at Educational Foundation Of Alfred Inc.


Here are 18 key members and their salaries:


Joseph Greenthal (Ex Officio)
  • Compensation: $0
  • Related: $137,971
  • Other: $88,232
Ruth Ann Ashworth (Director)
  • Compensation: $0
  • Related: $69,363
  • Other: $44,358
John Anderson (Officer In Charge Asc)
  • Compensation: $0
  • Related: $220,000
  • Other: $140,690
Sandy Sawyer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brad Smith (Director)
  • Compensation: $0
  • Related: $57,593
  • Other: $36,831
Peter Mcclain (Secretary/Treasurer)
  • Compensation: $0
  • Related: $78,837
  • Other: $50,416
David Sengstock (Ex Officio (Thru Sept 2021))
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Knapp (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Haggstrom (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Geralyn Gough (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jennie Thwing (Director)
  • Compensation: $0
  • Related: $55,950
  • Other: $35,780
Jeff Stevens (Ex Officio)
  • Compensation: $0
  • Related: $119,036
  • Other: $76,124
Valerie Nixon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
George W Goetschius (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Casey Joyce (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ryan Miller (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jonna Anne (Ex Officio (Beg Sept 2021))
  • Compensation: $0
  • Related: $0
  • Other: $0
Betsy Penrose (Comm Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.alfredstate.edu/educational-foundation

Where can I find the form 990 for Educational Foundation Of Alfred Inc?

Educational Foundation Of Alfred Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.alfredstate.edu/educational-foundation

Learn more at the official website: www.alfredstate.edu/educational-foundation

Mission Statement of Educational Foundation Of Alfred Inc

The Educational Foundation of Alfred Inc, as a dedicated entity, strives to enhance the learning opportunities within the Alfred State College community. Its primary objective is to support various educational programs, aiming to benefit students, faculty, and staff alike. By doing so, the foundation seeks to improve the overall educational environment and foster growth within the college community.

In pursuit of its mission, the Educational Foundation of Alfred Inc provides financial aid in the form of scholarships, totaling $191,500 as of the available data. This financial support serves as a crucial tool for enabling students to pursue their academic dreams, thereby enhancing their learning experiences and academic achievements. In addition, the foundation's efforts extend to the faculty and staff, potentially boosting their professional development and overall satisfaction within the college community.

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Impact




July, 2024

The impact of the Educational Foundation Of Alfred Inc is centered around improving the Alfred State College community through support of educational programs. By providing scholarships totaling $191,500, the foundation enhances learning opportunities for students, faculty, and staff at the college. This support not only helps individuals further their education but also contributes to the overall growth and development of the college community. Through its dedication to education, the foundation plays a key role in fostering academic success and advancement within the Alfred State College environment.




This information is meant to be a general summary of Educational Foundation Of Alfred 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.

Revenue
$678,568 (2022)
Expenses
$640,252 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $15,001
  • Gross Receipts: $678,568

Assets and Liabilities:

  • Total Assets: $6,961,799
  • Total Liabilities: $193,687
  • Net Assets: $6,768,112

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Organization Details

Founding Year

1946

Principal Officer

Jonna Anne

Main Address

UPPER CAMPUS DRIVE, ALFRED, NY, 14802

NTEE Category

Code: B82 - Education

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