Overview
What is North Hennepin Community College Foundation?
The North Hennepin Community College Foundation is a dedicated nonprofit organization with a primary focus on expanding access to high-quality educational opportunities. By engaging and mobilizing support from the community, college, and alumni, the foundation works tirelessly on behalf of North Hennepin Community College. Their main goal is to advance education within the college, striving to make a significant impact in the lives of students.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Stars)
The North Hennepin Community College Foundation has received a strong rating of 88%, which reflects solid accountability and financial practices. This score is derived solely from the Accountability & Finance beacon, indicating a strong emphasis on how the foundation manages its financial resources and governance. The foundation has a fully independent board, which enhances its credibility and commitment to transparency.
One of the standout features of the foundation is its rigorous adherence to financial accountability, as evidenced by its perfect score in areas such as financial statement audits and conflict of interest policies. The foundation has also demonstrated effective management of its assets, with a liabilities to assets ratio of 0.00%, indicating no debt, and a noteworthy program expense ratio of 65.56%, which suggests a significant portion of its funds is directed toward its charitable programs.
While the foundation has many strengths, the program expense ratio could be improved, as it ranks lower compared to the perfect scores in governance and accountability. Nonetheless, the foundation's robust financial practices and independent governance structure contribute positively to its overall effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is North Hennepin Community College Foundation legitimate?
North Hennepin Community College Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. North Hennepin 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: $205,068
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What is the mission statement of North Hennepin Community College Foundation?
The North Hennepin Community College Foundation's mission is centered around facilitating access to superior educational opportunities. By harnessing the power of community, college, and alumni resources, they strive to actively support North Hennepin Community College's educational advancement. Their primary objective is to energize and mobilize these resources in order to uphold the college's commitment to quality education.
Who is the CEO of North Hennepin Community College Foundation?
Tom Smith is the Past President of North Hennepin Community College Foundation.
What is the revenue of North Hennepin Community College Foundation?
North Hennepin Community College Foundation's revenue in 2022 was $836,236.
Who are the executives of North Hennepin Community College Foundation and what are their salaries?
There 50 volunteers at North Hennepin Community College Foundation.
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Where can I find the form 990 for North Hennepin Community College Foundation?
North Hennepin Community College Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of North Hennepin Community College Foundation
The North Hennepin Community College Foundation's mission is centered around enhancing access to top-notch educational prospects. To achieve this objective, the organization vigorously engages and motivates resources from the community, the college itself, and its alumni. By doing so, the North Hennepin Community College Foundation aims to strengthen the educational landscape at North Hennepin Community College. The foundation's primary goal is to energize and mobilize these resources in support of the college, thereby creating a conducive environment for quality education to thrive.
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Impact
July, 2024
The North Hennepin Community College Foundation's impact is profound, as it plays a vital role in creating access to quality educational opportunities for students at North Hennepin Community College. By energizing and mobilizing community, college, and alumni resources, the foundation is able to advance education at the college and ensure that students have the support they need to succeed. Through its dedication to enhancing educational opportunities, the foundation is making a significant difference in the lives of students and the community as a whole.
This information is meant to be a general summary of North Hennepin 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $85,404
- Gross Receipts: $856,848
Assets and Liabilities:
- Total Assets: $1,315,869
- Total Liabilities: $0
- Net Assets: $1,315,869
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Organization Details
Founding Year
1981
Phone
(763) 424-0815Principal Officer
Tom Smith
Main Address
7411 85TH AVENUE NORTH, BROOKLYN PARK, MN, 55445
NTEE Category
Code: B11 - Education
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