Overview
What is Midland College Foundation?
Midland College Foundation, Inc. is a non-profit organization based in Midland, Texas, with the address 3600 N Garfield. Its primary mission is to support the educational goals of Midland College and its students. Through various activities, the foundation contributes to the operating budget of Midland College and establishes scholarships for students. By providing financial assistance, the Midland College Foundation enables students to pursue their educational aspirations and enhance their future prospects.
Official website here: www.midlandcollegefoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Star rating)
Midland College Foundation has achieved an impressive Four-Star rating from Charity Navigator, indicating a strong level of accountability and finance management. The high score is entirely derived from its accountability and finance metrics, showcasing the foundation's commitment to transparency and responsible stewardship of funds. The Foundation's score of 92% reflects its effective governance and the absence of any material diversion of assets.
The organization has a fully independent board, composed of 25 members, which emphasizes its commitment to ethical oversight. It has implemented robust policies, including conflict of interest and whistleblower policies, that support its operational integrity. The Foundation also demonstrates fiscal responsibility with a low liabilities-to-assets ratio and an outstanding program expense ratio of 88.21%, indicating that a significant portion of its resources goes directly to its programs.
While the Foundation exhibits many strengths, the detailed data does not illustrate specific areas for improvement. However, maintaining its strong financial accountability will be essential for the Foundation's continued success and donor confidence. Overall, Midland College Foundation stands out as a well-managed nonprofit with a clear focus on education-related initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Midland College Foundation legitimate?
Midland College Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Midland 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.midlandcollegefoundation.org
What is the mission statement of Midland College Foundation?
The Midland College Foundation is a non-profit organization with a mission to support the educational goals of Midland College and its students. Established to provide financial assistance, the Foundation aims to contribute to the operating budget of the college and fund scholarships for deserving students. Through these efforts, the Foundation plays a crucial role in expanding opportunities for students to pursue their academic aspirations. The organization's commitment to education empowers students to reach their full potential and build a better future for themselves. By fostering a strong educational community, the Midland College Foundation is dedicated to enriching the lives of students and contributing to the advancement of knowledge and skills.
Official website here: www.midlandcollegefoundation.org
Who is the CEO of Midland College Foundation?
Rick Bender is the Director of Midland College Foundation.
Official website here: www.midlandcollegefoundation.org
What is the revenue of Midland College Foundation?
Midland College Foundation's revenue in 2022 was $33,003,754.
Official website here: www.midlandcollegefoundation.org
Who are the executives of Midland College Foundation and what are their salaries?
There 8 volunteers at Midland College Foundation.
Here are 25 key members and their salaries:
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Official website here: www.midlandcollegefoundation.org
Where can I find the form 990 for Midland College Foundation?
Midland College Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.midlandcollegefoundation.org
Learn more at the official website: www.midlandcollegefoundation.org
Mission Statement of Midland College Foundation
Midland College Foundation, a non-profit organization, is dedicated to advancing the educational objectives of Midland College and its students. By providing essential support, the Foundation ensures the college can continue delivering quality education and scholarships to deserving students. The Foundation's primary goal is to make a difference in students' lives by funding Midland College's operating budget and scholarships. With this crucial assistance, the college and its students can maintain their momentum towards academic success.
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Impact
October, 2024
Midland College Foundation plays a crucial role in enhancing educational opportunities for students at Midland College. By providing financial support for the operating budget and funding scholarships, the foundation directly contributes to the accessibility and quality of education offered. Its efforts help to alleviate financial burdens on students, enabling more individuals to pursue their academic goals and succeed in their educational journeys. This support not only empowers students but also strengthens the overall community by fostering a well-educated workforce capable of contributing to the region's growth and innovation.
This information is meant to be a general summary of Midland 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: $1,956,536
- Gross Receipts: $33,003,754
Assets and Liabilities:
- Total Assets: $78,503,013
- Total Liabilities: $1,098,821
- Net Assets: $77,404,192
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Organization Details
Founding Year
1973
Phone
(432) 684-7851Principal Officer
Rick Bender
Main Address
3600 N GARFIELD, MIDLAND, TX, 79705
NTEE Category
Code: B110 - Education
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