Overview
What is Community College Of Allegheny County Educational Foundation?
The Community College of Allegheny County Educational Foundation is a charitable organization based in Pittsburgh, Pennsylvania. Its primary objective is to raise funds, manage assets, and distribute resources to support the Community College of Allegheny County's mission of providing open access to quality education and workforce development training. Although the specific activities are detailed in a schedule, the foundation's overall goal is to contribute financially and resourcefully to the college's mission, thereby promoting educational opportunities and vocational growth in the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Stars)
The Community College of Allegheny County Educational Foundation has achieved a remarkable 95% rating from Charity Navigator, reflecting its strong focus on accountability and finance. This high score is indicative of the organization's commitment to transparency, with all aspects of financial management receiving top ratings. The foundation has a fully independent board, which is crucial for governance and oversight, ensuring that decisions are made in the best interest of the community it serves.
Strengths highlighted in the evaluation include a very low ratio of liabilities to assets at 3.87%, alongside a high program expense ratio of 96.49%. These figures suggest that the foundation effectively allocates its resources toward program services rather than administrative costs. Additionally, the foundation demonstrates exceptional fundraising efficiency, with each dollar raised costing just $0.012, showcasing its effectiveness in generating support for its initiatives.
While the data presents an overwhelmingly positive picture, it is essential for potential donors and stakeholders to continue monitoring the foundation’s ongoing performance and impact. Overall, this strong rating positions the Community College of Allegheny County Educational Foundation as a trustworthy nonprofit committed to making a significant difference in education within the community.
This AI summary has been generated from information found on Charity Navigator.
Is Community College Of Allegheny County Educational Foundation legitimate?
Community College Of Allegheny County Educational Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community College Of Allegheny County Educational 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $217,670
For more financial information, click here
What is the mission statement of Community College Of Allegheny County Educational Foundation?
The Community College of Allegheny County Educational Foundation's mission is centered around fundraising, asset management, and resource distribution. Their primary objective is to support the main mission of the Community College of Allegheny County, which emphasizes open access to quality education and workforce development training. This foundation plays a crucial role in upholding the college's commitment to providing accessible and effective learning opportunities for its students.
Who is the CEO of Community College Of Allegheny County Educational Foundation?
Mr James R Mcmahon is the Chair of Community College Of Allegheny County Educational Foundation.
What is the revenue of Community College Of Allegheny County Educational Foundation?
Community College Of Allegheny County Educational Foundation's revenue in 2023 was $2,423,538.
Who are the executives of Community College Of Allegheny County Educational Foundation and what are their salaries?
There 35 volunteers at Community College Of Allegheny County Educational Foundation.
Here are 21 key members and their salaries:
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- Related: $175,555
- Other: $28,795
Where can I find the form 990 for Community College Of Allegheny County Educational Foundation?
Community College Of Allegheny County Educational Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Community College Of Allegheny County Educational Foundation
The Community College of Allegheny County Educational Foundation's mission is centered around raising funds, managing assets, and distributing resources in support of the Community College of Allegheny County's mission. This primary objective is to ensure open access to quality education and workforce development training. By fulfilling this role, the foundation contributes significantly to the community college's mission, thereby fostering an environment that promotes learning and career growth for its students.
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Impact
October, 2024
The Community College of Allegheny County Educational Foundation plays a vital role in enhancing access to quality education and workforce development training. By raising funds, managing assets, and distributing resources, it directly supports the mission of the Community College of Allegheny County. This foundation helps ensure that educational opportunities are available to a diverse student population, fostering an inclusive environment where individuals can pursue their academic and career goals. Through its efforts, the foundation contributes to a stronger workforce and supports the economic growth of the region, cultivating a pipeline of skilled professionals ready to meet the needs of local industries.
This information is meant to be a general summary of Community College Of Allegheny County Educational 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 2023.
- Investment Income: $709,242
- Gross Receipts: $2,652,689
Assets and Liabilities:
- Total Assets: $37,870,995
- Total Liabilities: $1,468,608
- Net Assets: $36,402,387
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Organization Details
Founding Year
1979
Phone
(412) 237-6514Principal Officer
Mr James R Mcmahon
Main Address
808 RIDGE AVENUE 102, PITTSBURGH, PA, 15212
NTEE Category
Code: B114 - Education
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