Overview
What is Minneapolis Community & Technical College Foundation?
The Minneapolis Community & Technical College Foundation is a nonprofit organization situated in Minneapolis, Minnesota, specifically at 1501 Hennepin Ave, 55403. Its primary role is to raise funds and contribute financially to the Minneapolis Community & Technical College for the development and administration of specific programs, initiatives, and scholarships. By doing so, the foundation aims to address affordability and accessibility issues in higher education, support students, enhance workforce readiness, and align with the strategic priorities of the college. The foundation's initiatives include granting scholarships and implementing programs that promote academic success and community engagement.
Official website here: www.minneapolis.edu/alumni-and-foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating 96% - Four-Star out of Four Star rating
The Minneapolis Community & Technical College Foundation has earned a 96% score from Charity Navigator, reflecting exceptional accountability and financial management. The organization demonstrates a strong commitment to transparency, with all board members being independent and robust financial oversight evident in their audited statements. The high program expense ratio of 91.19% indicates that the majority of funds are directed towards their mission-related activities.
User feedback predominantly highlights the Foundation's impactful programs, such as the Power of You and STAR Scholarships, which provide essential support to students facing financial barriers. Reviews consistently praise the dedication of the Foundation in creating an encouraging environment that fosters student success. Many users express gratitude for the scholarships that have enabled them to continue their education despite personal challenges.
While the overall sentiment is overwhelmingly positive, some feedback notes the ongoing need for resources to support an increasing number of economically disadvantaged students. Nonetheless, the Foundation's proactive approach and community partnerships are commended, showcasing its vital role in enhancing educational opportunities and contributing to the local community’s well-being.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Minneapolis Community & Technical College Foundation legitimate?
Minneapolis Community & Technical College Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Minneapolis Community & Technical 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.
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Official website here: www.minneapolis.edu/alumni-and-foundation
What is the mission statement of Minneapolis Community & Technical College Foundation?
The Minneapolis Community & Technical College Foundation works towards addressing issues related to affordability and accessibility in higher education. They achieve this goal by providing scholarships and supporting initiatives that benefit students, enhance workforce readiness, and align with the strategic priorities of the college. The foundation does not administer any programs directly but raises funds and contributes a part or all of the financing required for the college to develop and manage specific programs, initiatives, and scholarships.
Official website here: www.minneapolis.edu/alumni-and-foundation
Who is the CEO of Minneapolis Community & Technical College Foundation?
Stephanie Hammes-Betti is the President of Minneapolis Community & Technical College Foundation.
Official website here: www.minneapolis.edu/alumni-and-foundation
What is the revenue of Minneapolis Community & Technical College Foundation?
Minneapolis Community & Technical College Foundation's revenue in 2022 was $2,330,993.
Official website here: www.minneapolis.edu/alumni-and-foundation
Who are the executives of Minneapolis Community & Technical College Foundation and what are their salaries?
There 107 volunteers at Minneapolis Community & Technical College Foundation.
Here are 14 key members and their salaries:
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- Related: $78,999
- Other: $13,593
Official website here: www.minneapolis.edu/alumni-and-foundation
Where can I find the form 990 for Minneapolis Community & Technical College Foundation?
Minneapolis Community & Technical College Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.minneapolis.edu/alumni-and-foundation
Learn more at the official website: www.minneapolis.edu/alumni-and-foundation
Mission Statement of Minneapolis Community & Technical College Foundation
The Minneapolis Community & Technical College Foundation works towards resolving issues of affordability and accessibility in higher education. They achieve this by offering scholarships and initiatives that support students, enhance the workforce readiness, and align with the strategic priorities of the college. The foundation itself does not administer any programs. Instead, it raises funds and contributes part or all of the financing required for the college to establish and manage specific programs, initiatives, and scholarships. By doing so, the Minneapolis Community & Technical College Foundation plays a crucial role in making higher education more accessible and affordable for a wider range of students.
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Impact
July, 2024
Minneapolis Community & Technical College Foundation's impact can be seen in its efforts to address issues of affordability and access to higher education. By providing scholarships and supporting initiatives that aid students, enhance workforce readiness, and align with the strategic priorities of the college, the foundation plays a crucial role in promoting educational opportunities for individuals in Minneapolis. Through its fundraising efforts and provision of financial support, the foundation helps to create a more accessible and equitable higher education landscape in the community.
This information is meant to be a general summary of Minneapolis Community & Technical 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: $468,958
- Gross Receipts: $2,382,883
Assets and Liabilities:
- Total Assets: $7,090,729
- Total Liabilities: $33,814
- Net Assets: $7,056,915
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Organization Details
Founding Year
1977
Phone
(612) 659-6313Principal Officer
Stephanie Hammes-Betti
Main Address
1501 HENNEPIN AVE, MINNEAPOLIS, MN, 55403
NTEE Category
Code: B19 - Education
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