Overview
What is Vermilion Campus Foundation?
The Vermilion Campus Foundation is a nonprofit organization established in Ely, Minnesota. Its primary mission is to foster a stronger connection between Vermilion Community College and the communities it serves, while also serving as a conduit for financial and material contributions. The foundation achieves this objective through two primary activities: providing scholarships and grants to deserving students, and supporting educational programming. Scholarship awards are given to students based on application information and committee input, with the funds typically used to help cover tuition and textbook expenses. Additionally, the foundation supports various educational programs within the college, contributing to its overall growth and development.
Official website here: www.minnesotanorth.edu/campuses/vermilion
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star Rating)
The Vermilion Campus Foundation has achieved a remarkable score of 97%, reflecting its strong commitment to Accountability and Finance. This exceptional rating is solely derived from the Accountability & Finance beacon, which signifies the organization's effective management and transparency in its financial operations. The charity's score underscores its adherence to high standards, particularly in areas such as independent board governance and fiscal responsibility.
One of the standout features of this organization is its fully independent board, consisting of nine members with no material diversion of assets. This governance structure, along with the implementation of essential policies such as conflict of interest and whistleblower protections, contributes to the foundation's strong accountability framework. Furthermore, the Vermilion Campus Foundation maintains a solid program expense ratio of 90.79%, indicating that the vast majority of its resources are directed toward fulfilling its mission.
Overall, the Vermilion Campus Foundation exemplifies best practices in nonprofit management, with no noted limitations in its operations. Its commitment to transparency and effective governance makes it a trustworthy organization for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Vermilion Campus Foundation legitimate?
Vermilion Campus Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vermilion Campus 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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For more financial information, click here
Official website here: www.minnesotanorth.edu/campuses/vermilion
What is the mission statement of Vermilion Campus Foundation?
The Vermilion Campus Foundation aims to foster a stronger connection between Vermilion Community College and the communities it serves. This is achieved by seeking and managing financial and material donations, primarily for the benefit of the college, its students, and the communities. The foundation's primary activities include awarding scholarships and supporting educational programming. A committee of faculty, support staff, and administrators select scholarship recipients based on application information and committee feedback. The awarded scholarships are reported to the college financial aid department and typically used to help cover the students' tuition and textbook expenses.
Official website here: www.minnesotanorth.edu/campuses/vermilion
Who is the CEO of Vermilion Campus Foundation?
Sheri Israel is the President of Vermilion Campus Foundation.
Official website here: www.minnesotanorth.edu/campuses/vermilion
What is the revenue of Vermilion Campus Foundation?
Vermilion Campus Foundation's revenue in 2023 was $113,109.
Official website here: www.minnesotanorth.edu/campuses/vermilion
Who are the executives of Vermilion Campus Foundation and what are their salaries?
There 13 volunteers at Vermilion Campus Foundation.
Here are 12 key members and their salaries:
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Official website here: www.minnesotanorth.edu/campuses/vermilion
Where can I find the form 990 for Vermilion Campus Foundation?
Vermilion Campus Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.minnesotanorth.edu/campuses/vermilion
Learn more at the official website: www.minnesotanorth.edu/campuses/vermilion
Mission Statement of Vermilion Campus Foundation
The Vermilion Campus Foundation, a nonprofit organization, is dedicated to fostering a stronger connection between Vermilion Community College and the communities it serves. Its primary objective is to promote this bond by soliciting and managing financial and material donations, with the intention of benefiting the college, its students, and the surrounding communities. The foundation's principal activities include awarding scholarships and providing support for educational programming.
To achieve its mission, the Vermilion Campus Foundation selects scholarship recipients through a committee comprising faculty, support staff, and administrators. The selection process involves evaluating information from application forms and considering the committee's input. Once selected, the scholarships are reported to the college's financial aid department and are typically paid directly to the college to assist the students with covering their tuition and textbook expenses. By offering these scholarships, the foundation aims to support the educational pursuits of students and contribute to the overall development of the communities it serves.
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Impact
October, 2024
The Vermilion Campus Foundation creates a significant impact by fostering a strong connection between Vermilion Community College and the surrounding communities. By administering scholarships and grants, it directly supports students in their educational pursuits. The selection process for these awards is thorough, involving faculty, support staff, and administrators to ensure that recipients are chosen based on merit and need, providing crucial financial assistance for tuition and textbook costs.
Additionally, the foundation actively seeks and accepts financial and material contributions that enhance educational programming. This not only benefits students but also strengthens the relationship between the college and the communities it serves, promoting a culture of learning and collaboration. Through its efforts, the foundation empowers students to achieve their academic goals while enriching the overall educational environment at Vermilion Community College.
This information is meant to be a general summary of Vermilion Campus 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: $1,891
- Gross Receipts: $366,642
Assets and Liabilities:
- Total Assets: $1,536,625
- Total Liabilities: $0
- Net Assets: $1,536,625
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Organization Details
Founding Year
1979
Phone
(218) 235-2166Principal Officer
Sheri Israel
Main Address
1900 EAST CAMP, ELY, MN, 55731
NTEE Category
Code: B41I - Education
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