Overview
What is Minnesota West Foundation?
Minnesota West Foundation is a charitable organization situated in Canby, Minnesota. Its primary focus is on supporting students pursuing their educational goals at the five Minnesota West Community and Technical College campuses. Through Minnesota West Scholarships, the foundation provides financial assistance to qualified students, thereby promoting development opportunities within the educational institution. The foundation's mission involves offering scholarships to individuals and fostering development prospects at Minnesota West Community College. This is achieved by establishing and cultivating external and internal constituencies for the organization.
Official website here: www.mnwest.edu/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
The Minnesota West Foundation has achieved a strong rating of 92%, signifying its effectiveness and reliability as a nonprofit organization. This high score reflects its commitment to accountability and financial health, with an 81% rating in Accountability & Finance, and a remarkable 100% in Impact & Measurement. The Foundation demonstrates a solid program expense ratio of 77.36%, indicating that a significant portion of its resources is directed towards programmatic efforts.
One of the standout features of the Minnesota West Foundation is its commitment to impact evaluation, achieving a perfect score of 100. This suggests that the organization not only measures its outcomes effectively but also proves that its initiatives significantly benefit scholarship recipients, with a return of more than $1.25 for every dollar spent on scholarships. Such metrics highlight the Foundation's role in enhancing educational opportunities and the financial well-being of its beneficiaries.
However, while the foundation shows a strong financial standing, the liabilities to assets ratio of 1.54% suggests that it may have some level of debt compared to its assets. Despite this, the overall financial health remains robust, and the focus on high-impact programs positions the Minnesota West Foundation as a valuable contributor to community education and support initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Minnesota West Foundation legitimate?
Minnesota West Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Minnesota West 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.mnwest.edu/foundation
What is the mission statement of Minnesota West Foundation?
The Minnesota West Foundation's mission is aimed at providing scholarships to individuals and promoting development opportunities at Minnesota West Community College. This is achieved by cultivating both internal and external support for the organization. By offering scholarships, the foundation enables students pursuing their educational goals at the five Minnesota West Community and Technical College campuses to receive financial assistance in the form of Minnesota West Scholarships.
Official website here: www.mnwest.edu/foundation
Who is the CEO of Minnesota West Foundation?
Cody Henrichs is the Chairman of Minnesota West Foundation.
Official website here: www.mnwest.edu/foundation
What is the revenue of Minnesota West Foundation?
Minnesota West Foundation's revenue in 2023 was $645,817.
Official website here: www.mnwest.edu/foundation
Who are the executives of Minnesota West Foundation and what are their salaries?
There 9 volunteers at Minnesota West Foundation.
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Official website here: www.mnwest.edu/foundation
Where can I find the form 990 for Minnesota West Foundation?
Minnesota West Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.mnwest.edu/foundation
Learn more at the official website: www.mnwest.edu/foundation
Mission Statement of Minnesota West Foundation
Minnesota West Foundation, a nonprofit organization, is committed to supporting individuals pursuing their educational goals at Minnesota West Community and Technical Colleges. Their mission is twofold: firstly, they offer scholarships to individuals, helping to alleviate financial burdens and making higher education more accessible. Secondly, the foundation works towards promoting development opportunities within the college community. To achieve this, they engage in the development of external and internal constituencies of the corporation, aiming to enhance the overall educational environment and opportunities available at Minnesota West Community College.
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Impact
July, 2024
Minnesota West Foundation's impact is profound as it provides individual scholarships and promotes development opportunities at Minnesota West Community College. Through its efforts, students pursuing their educational goals at the five Minnesota West Community and Technical College campuses receive vital financial assistance in the form of Minnesota West scholarships. By offering scholarships to individuals and fostering development opportunities, the Foundation plays a pivotal role in supporting the educational aspirations of students and strengthening the academic community at Minnesota West Community College.
This information is meant to be a general summary of Minnesota West 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: $90,678
- Gross Receipts: $1,026,447
Assets and Liabilities:
- Total Assets: $1,389,299
- Total Liabilities: $21,505
- Net Assets: $1,367,794
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Organization Details
Founding Year
1983
Phone
(507) 847-7945Principal Officer
Cody Henrichs
Main Address
1011 FIRST STREET WEST, CANBY, MN, 56220
Website
www.mnwest.edu/foundationNTEE Category
Code: B32Z - Education
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