Overview
What is Linn-Benton Community College Foundation?
The Linn-Benton Community College Foundation is a nonprofit organization situated in Albany, Oregon, specifically at 6500 Pacific Blvd SW, ZIP code 97321. Its primary objective is to support and enhance the interests and development of Linn-Benton Community College, benefiting both students and faculty, as well as the broader community. To achieve this, the foundation offers scholarships and grants to eligible students of the college, serving as a vital source of financial aid. The foundation's mission is deeply rooted in advancing and promoting the growth and success of the college and its community members.
Official website here: www.linnbenton.edu/about-lbcc/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating.
The Linn-Benton Community College Foundation has achieved a remarkable score of 96%, which reflects strong accountability and financial practices within the organization. This high rating is derived entirely from their accountability and finance metrics, showcasing their commitment to transparency and responsible management of resources.
One of the foundation's strengths is its governance structure, with 85% of its board members being independent, which contributes to better decision-making and reduces potential conflicts of interest. The foundation has also received top scores for its financial statements and does not report any material diversion of assets, indicating a reliable and stable financial position.
While the foundation's financial performance is commendable, it primarily focuses on accountability and finance without additional details on program impact or community engagement. However, the solid program expense ratio of 71.36% suggests that a significant portion of funds is directed toward its mission-related activities. Overall, the foundation demonstrates robust financial health and governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Linn-Benton Community College Foundation legitimate?
Linn-Benton Community College Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Linn-Benton Community 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.
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Official website here: www.linnbenton.edu/about-lbcc/foundation
What is the mission statement of Linn-Benton Community College Foundation?
The Linn-Benton Community College Foundation's primary purpose is to foster and advance the interests and development of Linn-Benton Community College, its students, faculty, and the surrounding community. This is achieved through the provision of scholarships and grants to students attending Linn-Benton Community College. The foundation's mission is geared towards supporting the college and its students, thereby contributing to their overall growth and success.
Official website here: www.linnbenton.edu/about-lbcc/foundation
Who is the CEO of Linn-Benton Community College Foundation?
Jess Jacobs is the President of Linn-Benton Community College Foundation.
Official website here: www.linnbenton.edu/about-lbcc/foundation
What is the revenue of Linn-Benton Community College Foundation?
Linn-Benton Community College Foundation's revenue in 2022 was $1,858,139.
Official website here: www.linnbenton.edu/about-lbcc/foundation
Who are the executives of Linn-Benton Community College Foundation and what are their salaries?
Here are 21 key members and their salaries:
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Official website here: www.linnbenton.edu/about-lbcc/foundation
Where can I find the form 990 for Linn-Benton Community College Foundation?
Linn-Benton Community College Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.linnbenton.edu/about-lbcc/foundation
Learn more at the official website: www.linnbenton.edu/about-lbcc/foundation
Mission Statement of Linn-Benton Community College Foundation
The Linn-Benton Community College Foundation is dedicated to furthering the interests and development of Linn-Benton Community College and its associated community members, including students and faculty. This nonprofit organization's primary mission is to advance and promote the growth of the college by providing scholarships and grants to its students. By offering financial aid, the Foundation plays a crucial role in supporting the educational pursuits of those attending Linn-Benton Community College, thereby contributing to the overall development of the college and the broader community. In doing so, the Linn-Benton Community College Foundation demonstrates its commitment to fostering the success and well-being of its students and the institution as a whole.
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Impact
October, 2024
The Linn-Benton Community College Foundation significantly impacts students, faculty, and the broader community by providing scholarships and grants aimed at fostering educational advancement. By supporting the academic pursuits of students at Linn-Benton Community College, the Foundation helps reduce financial barriers, allowing more individuals to access higher education. This commitment not only enhances the quality of education available but also promotes the overall development of the college and its surrounding community in Albany, Oregon. Through its efforts, the Foundation contributes to building a more educated workforce, empowering individuals to achieve their academic and career goals, and cultivating a culture of learning and growth.
This information is meant to be a general summary of Linn-Benton Community 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: $347,485
- Gross Receipts: $2,070,439
Assets and Liabilities:
- Total Assets: $12,016,438
- Total Liabilities: $45,301
- Net Assets: $11,971,137
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Organization Details
Founding Year
1972
Phone
(541) 917-4209Principal Officer
Jess Jacobs
Main Address
6500 Pacific Blvd SW, Albany, OR, 97321
NTEE Category
Code: B11 - Education
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