Overview
What is Illinois Central College Foundation?
Illinois Central College Foundation is a nonprofit organization, specifically known as the ICC Educational Foundation, located at ONE COLLEGE DRIVE, East Peoria, Illinois 61635. Its primary mission is to support the educational, charitable, and benevolent purposes of Illinois Central College District #514. This involves raising funds to help the college achieve its goals, including enhancing its facilities and carrying out its educational functions. One of their significant endeavors is providing financial assistance to accommodate housing for approximately 330 students on the college campus. The foundation operates exclusively for educational and charitable purposes, with no intention of financial gain.
Official website here: www.icc.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
The Illinois Central College Foundation has achieved an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and effectiveness. The organization has excelled particularly in its Impact & Measurement score, receiving a perfect score of 100, which reflects its strong capability in assessing and demonstrating the outcomes of its initiatives.
With an Accountability & Finance score of 92, the foundation shows a commitment to responsible financial management, ensuring that funds are utilized effectively to benefit scholarship recipients. One of its notable successes is the ability to generate more than $1.50 for scholarship recipients for every dollar spent, highlighting its efficient fundraising and resource allocation strategies.
While the foundation's performance metrics are commendable, continued focus on maintaining and enhancing these standards will be crucial for sustaining donor trust and maximizing its impact in supporting education in the community. Overall, the Illinois Central College Foundation stands out as a well-run organization dedicated to making a difference in the lives of students through its scholarship programs.
This AI summary has been generated from information found on Charity Navigator.
Is Illinois Central College Foundation legitimate?
Illinois Central College Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Illinois Central 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.icc.edu
What is the mission statement of Illinois Central College Foundation?
The Illinois Central College Foundation's mission is centered around raising funds to support the educational, charitable, and benevolent purposes of Illinois Central College District #514. Operating solely for educational and charitable purposes, the foundation aims to obtain and administer funds for the college with the primary goal of developing and enhancing its facilities and furthering its educational functions. Additionally, the foundation provides financial assistance to facilitate student housing for approximately 330 students on campus. The foundation operates without seeking financial gain and is committed to supporting the educational growth and development of Illinois Central College.
Official website here: www.icc.edu
Who is the CEO of Illinois Central College Foundation?
Stephanie Holmes is the Executive Director Fndn of Illinois Central College Foundation.
Official website here: www.icc.edu
What is the revenue of Illinois Central College Foundation?
Illinois Central College Foundation's revenue in 2022 was $5,075,188.
Official website here: www.icc.edu
Who are the executives of Illinois Central College Foundation and what are their salaries?
There 50 volunteers at Illinois Central College Foundation.
Here are 28 key members and their salaries:
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- Related: $281,942
- Other: $31,412
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- Related: $86,455
- Other: $14,743
Official website here: www.icc.edu
Where can I find the form 990 for Illinois Central College Foundation?
Illinois Central College Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.icc.edu
Learn more at the official website: www.icc.edu
Mission Statement of Illinois Central College Foundation
The Illinois Central College Foundation, a nonprofit organization, is established with a primary goal of raising funds to support the educational, charitable, and benevolent purposes of Illinois Central College District #514. Operating without the intention of financial gain, this foundation's primary objective is to secure and administer funds for Illinois Central College, specifically aiming to enhance its facilities and strengthen its educational functions. One of the significant contributions made by the Illinois Central College Foundation is providing financial assistance to facilitate student housing for approximately 330 students on campus. This support allows Illinois Central College to continue its educational mission while providing a suitable living environment for its students.
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Impact
October, 2024
The Illinois Central College Foundation significantly enhances the educational landscape by raising essential funds to support various initiatives within the Illinois Central College District #514. One of its pivotal contributions is providing financial assistance for student housing, which accommodates 330 students on campus, fostering a conducive learning environment that promotes academic success.
The foundation's commitment goes beyond mere funding; it actively develops and augments the college's facilities, ensuring students have access to the resources they need for a successful educational experience. By focusing on educational and charitable purposes, the foundation plays a vital role in addressing the needs of students, making higher education more accessible and equitable in the East Peoria area.
This information is meant to be a general summary of Illinois Central 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: $2,396,497
- Program Service Revenue: $1,456,657
- Gross Receipts: $6,191,461
Assets and Liabilities:
- Total Assets: $36,893,263
- Total Liabilities: $15,104,469
- Net Assets: $21,788,794
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STUDENT HOUSING
Revenue
$1,456,657
Organization Details
Founding Year
1988
Phone
(309) 694-5337Principal Officer
Stephanie Holmes
Main Address
ONE COLLEGE DRIVE, EAST PEORIA, IL, 61635
Website
www.icc.eduNTEE Category
Code: B82 - Education
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