Overview
What is Belmont College Foundation Inc?
Belmont College Foundation Inc, located in St. Clairsville, Ohio, serves as a nonprofit organization dedicated to supporting Belmont College. Their primary mission is to raise funds for the enhancement of the college's programs, boost its reputation, and improve its overall effectiveness as an institution. Another crucial role of the foundation is to assist students in managing the escalating costs associated with obtaining a higher education. To achieve these objectives, they engage in various activities, including fundraising events and initiatives. This support extends to providing aid to students, ensuring they have the necessary resources to complete their education successfully.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90%, Four-Star out of Four Star rating
Belmont College Foundation Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting strong performance with a score of 90%. This rating is based solely on accountability and finance, indicating the organization’s commitment to transparency and responsible management of resources. Key factors contributing to this high score include a fully independent board of directors and no material diversion of assets, showcasing effective governance.
The foundation demonstrates a solid program expense ratio of 83.69%, indicating that a significant portion of its expenditures goes directly to its programs. Additional strengths include having a documented conflict of interest policy and proper documentation of board meeting minutes. The organization also scores well in areas such as the liabilities to assets ratio, which stands at an impressive 0.00%, reflecting no debt.
However, there is a noted limitation with the absence of a whistleblower policy, which received a score of 0 out of 7 points. While this does not detract from the overall positive assessment, it suggests an area for improvement in organizational governance. Overall, Belmont College Foundation Inc exhibits a strong commitment to accountability, but addressing policy gaps could further enhance its effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Belmont College Foundation Inc legitimate?
Belmont College Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Belmont College Foundation 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.
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Belmont College Foundation Inc?
The Belmont College Foundation Inc's mission is centered around raising funds to enhance the quality and impact of the college's educational programs, improve its reputation, and boost its effectiveness as an institution. Additionally, the foundation aims to assist students in managing the rising costs associated with higher education. Its activities primarily focus on generating financial support to help the college thrive and provide student aid, thereby ensuring accessibility to education for a broader student population.
Who is the CEO of Belmont College Foundation Inc?
Janet Jacobs is the Chairperson of Belmont College Foundation Inc.
What is the revenue of Belmont College Foundation Inc?
Belmont College Foundation Inc's revenue in 2023 was $126,656.
Who are the executives of Belmont College Foundation Inc and what are their salaries?
Here are 15 key members and their salaries:
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Where can I find the form 990 for Belmont College Foundation Inc?
Belmont College Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Belmont College Foundation Inc
Belmont College Foundation Inc is dedicated to raising funds with the primary objective of enhancing the college's programs, improving its image, and increasing its effectiveness as an institution. Moreover, this nonprofit organization aims to provide assistance to students in managing the escalating costs associated with a college education. By raising funds, Belmont College Foundation Inc seeks to contribute to the overall development of the college, ensuring it remains competitive and beneficial to its students. The foundation's mission also involves providing financial aid to students, helping them overcome the financial barriers that often hinder their pursuit of higher education.
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Impact
October, 2024
Belmont College Foundation Inc significantly enhances the educational landscape by raising funds dedicated to improving college programs and institutional effectiveness. This financial support not only bolsters the college's image but also enables the development of innovative curricula and resources that foster academic excellence. By addressing the escalating costs of college education, the foundation provides critical assistance to students, making higher education more accessible and affordable. This impact is pivotal in cultivating a supportive learning environment that empowers students to achieve their educational goals and prepares them for successful futures.
This information is meant to be a general summary of Belmont College Foundation 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $22,589
- Gross Receipts: $414,034
Assets and Liabilities:
- Total Assets: $1,415,324
- Total Liabilities: $0
- Net Assets: $1,415,324
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Organization Details
Founding Year
2002
Phone
(740) 695-9500Principal Officer
Janet Jacobs
Main Address
68094 HAMMOND ROAD, ST CLAIRSVILLE, OH, 43950
NTEE Category
Code: B82 - Education
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