Overview
What is Friends Of Mchenry County College Foundation?
Friends of Mchenry County College Foundation is a nonprofit organization situated in Crystal Lake, Illinois. The primary role of this foundation is to foster the growth and enhancement of educational facilities within the community, as well as provide financial aid in the form of scholarships for students. By collaborating with the local community, they aim to establish a robust financial support system that contributes to the success and learning of students at Mchenry County College. The foundation's mission is to enrich the lives of their students, benefiting not only the students but also the alumni and local residents.
Official website here: www.mchenry.edu/supportmcc
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
Friends Of McHenry County College Foundation has earned a Four-Star rating from Charity Navigator, reflecting a high level of accountability and financial health. This 97% score indicates that the charity excels in various areas, particularly in governance and financial management, as evidenced by its perfect scores in several key metrics, including board independence and transparency in financial reporting.
The organization demonstrates strong fiscal responsibility, with an impressive program expense ratio of 86.56%, indicating that a large portion of its funds directly supports its programs. Additionally, it has no liabilities relative to its assets and maintains significant working capital, ensuring long-term sustainability. The foundation also adheres to strict governance policies, such as having a conflict of interest policy and whistleblower protection measures in place.
While the charity showcases exemplary financial practices and governance, the data does not highlight any specific programs or initiatives, which may limit insights into its impact beyond financial metrics. Overall, Friends Of McHenry County College Foundation stands out as a well-managed organization committed to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of Mchenry County College Foundation legitimate?
Friends Of Mchenry County College Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of Mchenry County 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.
Heare are some key statistics you may want to consider:
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For more financial information, click here
Official website here: www.mchenry.edu/supportmcc
What is the mission statement of Friends Of Mchenry County College Foundation?
The Friends of Mchenry County College Foundation's mission is to collaborate with the community to establish financial support for the enrichment of students' learning experiences and success at Mchenry County College. This foundation works towards building financial backing to improve the lives of the college's students. In addition to this, the Friends of Mchenry County College Foundation contributes to the development and expansion of educational facilities and provides scholarships to deserving students. Moreover, the foundation benefits not only the students but also alumni and local residents.
Official website here: www.mchenry.edu/supportmcc
Who is the CEO of Friends Of Mchenry County College Foundation?
Steven Rankins is the Board Director (Thru 6/8/22) of Friends Of Mchenry County College Foundation.
Official website here: www.mchenry.edu/supportmcc
What is the revenue of Friends Of Mchenry County College Foundation?
Friends Of Mchenry County College Foundation's revenue in 2022 was $911,060.
Official website here: www.mchenry.edu/supportmcc
Who are the executives of Friends Of Mchenry County College Foundation and what are their salaries?
There 32 volunteers at Friends Of Mchenry County College Foundation.
Here are 19 key members and their salaries:
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- Related: $84,613
- Other: $31,951
Official website here: www.mchenry.edu/supportmcc
Where can I find the form 990 for Friends Of Mchenry County College Foundation?
Friends Of Mchenry County College Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mchenry.edu/supportmcc
Learn more at the official website: www.mchenry.edu/supportmcc
Mission Statement of Friends Of Mchenry County College Foundation
The Friends of McHenry County College Foundation, in collaboration with the community, works tirelessly to build financial support aimed at enhancing the educational experiences and success of students. Their mission is twofold: firstly, they contribute to the development and expansion of educational facilities within the institution, and secondly, they provide scholarships to deserving students. The foundation's efforts extend beyond the student body, benefiting both alumni and local residents. The Friends of McHenry County College Foundation plays a significant role in enriching the lives of its students, ultimately contributing to a stronger and more educated community.
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Impact
October, 2024
Friends of McHenry County College Foundation significantly enhances educational opportunities for students in the community. By building financial support for student learning and success, the foundation plays a crucial role in the development and expansion of educational facilities. It provides scholarships that make higher education more accessible, benefiting not only current students but also alumni and local residents. Through its efforts, the foundation strengthens the overall educational landscape, enriching the lives of students at McHenry County College and supporting their journeys toward academic and professional achievement.
This information is meant to be a general summary of Friends Of Mchenry County 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: $367,823
- Gross Receipts: $2,100,329
Assets and Liabilities:
- Total Assets: $10,631,591
- Total Liabilities: $126,221
- Net Assets: $10,505,370
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Organization Details
Founding Year
1966
Phone
(815) 455-8721Principal Officer
Steven Rankins
Main Address
8900 US HIGHWAY 14, CRYSTAL LAKE, IL, 60012
Website
www.mchenry.edu/supportmccNTEE Category
Code: B114 - Education
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