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Kalamazoo Valley Community College Foundation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 382307720 ✦ Kalamazoo, MI ✦ Designated as a 501(c)(3)

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Overview

What is Kalamazoo Valley Community College Foundation?

The Kalamazoo Valley Community College Foundation is a community-focused nonprofit organization, dedicated to fostering educational growth at Kalamazoo Valley Community College. Its primary mission involves soliciting, collecting, and strategically investing donations to promote educational initiatives within the college. By doing so, the foundation aims to support and enhance the college, its students, faculty, staff, and affiliated entities. The Kalamazoo Valley Community College Foundation strives to be a well-established and reputable organization, consistently growing and meeting the college's needs through charitable fundraising and ethical financial management. Additionally, the foundation provides grants to both the college and the Kalamazoo Valley Museum, enriching their educational offerings and opportunities.


Official website here: www.foundation.kvcc.edu

What are the reviews and ratings of this charity?

Charity Navigator Rating: 89% (Three-Star out of Four Stars)

Kalamazoo Valley Community College Foundation has earned a respectable three-star rating from Charity Navigator, reflecting strong accountability and financial practices. The foundation scored particularly well in the areas of accountability and finance, achieving an 88% score, with commendable metrics such as a 99.77% program expense ratio and effective feedback collection methods.

The organization boasts a highly independent board, with 96% of its 24 members being independent, which supports good governance practices. However, some policies are lacking; specifically, the absence of a whistleblower policy and a document retention and destruction policy, which could be seen as areas for improvement.

In terms of community engagement, the foundation scored well in culture and community at 94%, indicating a strong commitment to its mission and the interests of its stakeholders. Nonetheless, there are challenges in equity data collection and policies, which suggest that while the foundation is performing well, there are opportunities for further enhancement in its operational transparency and equity initiatives.


This AI summary has been generated from information found on Charity Navigator.

Is Kalamazoo Valley Community College Foundation legitimate?

Kalamazoo Valley Community College Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kalamazoo Valley Community 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.foundation.kvcc.edu

What is the mission statement of Kalamazoo Valley Community College Foundation?

The Kalamazoo Valley Community College Foundation's mission is to solicit, collect, and invest donations intended for promoting educational activities within Kalamazoo Valley Community College. The foundation aims to support and benefit the college, its students, faculty, staff, and related entities. It aspires to be a well-recognized, well-managed, and growing community-based foundation, meeting the college's needs through charitable fundraising and ethical financial management. The organization's efforts aim to enhance the college's resources, ultimately contributing to its success.


Official website here: www.foundation.kvcc.edu

Who is the CEO of Kalamazoo Valley Community College Foundation?

Linda Depta is the Executive Director of Kalamazoo Valley Community College Foundation.


Official website here: www.foundation.kvcc.edu

What is the revenue of Kalamazoo Valley Community College Foundation?

Kalamazoo Valley Community College Foundation's revenue in 2022 was $3,071,272.


Official website here: www.foundation.kvcc.edu

Who are the executives of Kalamazoo Valley Community College Foundation and what are their salaries?


Here are 19 key members and their salaries:


Luther Marshall Washington (Ex-Officio Trustee)
  • Compensation: $0
  • Related: $246,441
  • Other: $45,031
Matt Lahman (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michelle Eldridge (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Todd Sanford (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stacie Ferschweiler (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patrick Allkins (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Fred Corbus (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Travis Grimwood (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alice Kemerling (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Krieg Lee (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Susan Miller (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa Rodriguez (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matt Rzepka (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leigh Schultz (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Consuelo Shank (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Way Sr (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carrie Yunker (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Lueth (Assistant Treasurer)
  • Compensation: $0
  • Related: $136,405
  • Other: $15,906
Linda Depta (Executive Director)
  • Compensation: $0
  • Related: $107,469
  • Other: $27,355


Official website here: www.foundation.kvcc.edu

Where can I find the form 990 for Kalamazoo Valley Community College Foundation?

Kalamazoo Valley Community College Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.foundation.kvcc.edu

Learn more at the official website: www.foundation.kvcc.edu

Mission Statement of Kalamazoo Valley Community College Foundation

The Kalamazoo Valley Community College Foundation's mission is to actively seek, gather, and manage donations aimed at enhancing educational activities within the realm of Kalamazoo Valley Community College. This organization serves to bolster and benefit the college, its students, faculty, staff, and associated entities. The foundation strives to maintain a reputable, well-organized, and expanding community-focused entity, meeting the demands of the college through charitable fundraising and responsible financial management.

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Impact




July, 2024

The Kalamazoo Valley Community College Foundation plays a vital role in supporting and benefiting Kalamazoo Valley Community College, its students, faculty, staff, and entities. Through its mission to solicit, collect, and invest donations for the promotion of educational activities, the foundation contributes to the growth and success of the college community. By providing grants to both the college and the Kalamazoo Valley Museum, the foundation helps facilitate educational programs and opportunities. Overall, the foundation's impact is seen in its dedication to being a well-recognized, managed, and growing community-based organization that meets the needs of the college through charitable fundraising and ethical financial management.




This information is meant to be a general summary of Kalamazoo Valley Community 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.

Revenue
$3,071,272 (2022)
Expenses
$1,481,424 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $2,380,459
  • Program Service Revenue: $313,466
  • Gross Receipts: $4,356,132

Assets and Liabilities:

  • Total Assets: $31,618,922
  • Total Liabilities: $8,754,842
  • Net Assets: $22,864,080

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

AFFILIATED RENTAL INCOME

Revenue

$313,466

Organization Details

Founding Year

1980

Principal Officer

Linda Depta

Main Address

6767 WEST O AVENUE, KALAMAZOO, MI, 49009

NTEE Category

Code: B41I - Education

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