Overview
What is Anoka-Ramsey Community College Foundation?
The Anoka-Ramsey Community College Foundation is a nonprofit organization located in Coon Rapids, Minnesota. Its primary mission is to enrich students' lives by maximizing private gift support for the college and its students through scholarships and supporting programs. The foundation has demonstrated this commitment by awarding scholarships and grants to current students, with the allocation committee of the board of directors overseeing the scholarship process. Additionally, they have a Random Acts of Kindness program designed to assist students in emergency situations that might otherwise prevent them from completing their education, providing grants totaling $95,944 in 2021. The foundation also donates in-kind materials to the college, contributing $4,840 in 2021. In summary, the Anoka-Ramsey Community College Foundation serves to enhance students' lives by providing financial assistance and resources.
Official website here: www.anokaramsey.edu/donate
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90%, Four-Star out of Four Star rating.
Anoka-Ramsey Community College Foundation has achieved a commendable Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial health. The foundation excels in maintaining a fully independent board, with 100% of its members meeting this criterion. Additionally, it demonstrates robust financial practices, evidenced by a low liabilities to assets ratio of 0.69% and a program expense ratio of 70.87%, indicating that a significant portion of its funds directly supports its programs.
The foundation's governance practices are also noteworthy, as it adheres to transparency and ethical standards. It has established a whistleblower policy and a conflict of interest policy, ensuring accountability within its operations. Furthermore, the foundation documents its board meeting minutes and lists its website on the tax form, showcasing a dedication to open communication with stakeholders.
Despite these strengths, the rating is primarily based on a single beacon score focused on accountability and finance. While the foundation has performed well in these areas, additional insights into program impact and community engagement would provide a more comprehensive view of its overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Anoka-Ramsey Community College Foundation legitimate?
Anoka-Ramsey Community College Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Anoka-Ramsey 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
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Other Salaries and Wages: $108,886
For more financial information, click here
Official website here: www.anokaramsey.edu/donate
What is the mission statement of Anoka-Ramsey Community College Foundation?
The Anoka-Ramsey Community College Foundation's mission is centered around enhancing the lives of students through private funding. They strive to establish close relationships and amass financial resources to provide scholarships and support various programs for students. The primary goal is to maximize the impact of private gifts, thereby enriching the academic experiences of students at the college. The foundation has awarded scholarships and grants to its current students through the allocations committee, and also extends support to students in need through the 'Random Acts of Kindness' program, designed to assist in emergencies that could potentially hinder completion of their education. In total, the Anoka-Ramsey Community College Foundation distributed awards of $50,300 in scholarships, $95,944 in Random Acts of Kindness grants, and $4,840 in in-kind materials to the college.
Official website here: www.anokaramsey.edu/donate
Who is the CEO of Anoka-Ramsey Community College Foundation?
Lora Anderson is the Chair of Anoka-Ramsey Community College Foundation.
Official website here: www.anokaramsey.edu/donate
What is the revenue of Anoka-Ramsey Community College Foundation?
Anoka-Ramsey Community College Foundation's revenue in 2022 was $625,023.
Official website here: www.anokaramsey.edu/donate
Who are the executives of Anoka-Ramsey Community College Foundation and what are their salaries?
There 14 volunteers at Anoka-Ramsey Community College Foundation.
Here are 15 key members and their salaries:
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Official website here: www.anokaramsey.edu/donate
Where can I find the form 990 for Anoka-Ramsey Community College Foundation?
Anoka-Ramsey Community College Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.anokaramsey.edu/donate
Learn more at the official website: www.anokaramsey.edu/donate
Mission Statement of Anoka-Ramsey Community College Foundation
The Anoka-Ramsey Community College Foundation's mission is centered around enriching students' lives through the provision of scholarships and program support. This nonprofit organization aims to foster relationships and raise funds to maximize private gift support for both students and the college. By offering scholarships and supporting programs, the Anoka-Ramsey Community College Foundation seeks to enhance the educational experiences of its students, thereby contributing to their overall development.
In line with its mission, the Anoka-Ramsey Community College Foundation has been actively awarding scholarships and grants to its current students. The scholarships are allocated based on the recommendations of the Allocations Committee of the Board of Directors. Additionally, the foundation has a program called 'Random Acts of Kindness,' which provides emergency assistance to students in need. This program, funded by grants, helps students overcome financial obstacles that could potentially hinder their completion of their education. Furthermore, the foundation has also donated in-kind materials worth $4,840 to the college, contributing to its overall infrastructure and resources.
In essence, the Anoka-Ramsey Community College Foundation serves as a vital source of financial aid and support for its students, enabling them to pursue their education without the burden of financial constraints. By awarding scholarships, grants, and providing in-kind materials, the foundation is making a significant impact on the lives of its students, thereby fulfilling its mission of enriching their lives.
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Impact
July, 2024
The impact of Anoka-Ramsey Community College Foundation is significant in enriching students' lives through scholarships and program support. The Foundation awarded multiple scholarships and grants to current students on campus, totaling $50,300 in scholarship awards, $95,944 in Random Acts of Kindness grants, and $4,840 of in-kind materials to the college. These financial supports help students overcome financial barriers and emergencies that may otherwise hinder them from completing their education. The Foundation's mission to maximize private gift support for students and college programs truly makes a difference in the lives of those it serves.
This information is meant to be a general summary of Anoka-Ramsey 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: $76,086
- Gross Receipts: $1,519,069
Assets and Liabilities:
- Total Assets: $1,794,581
- Total Liabilities: $49,515
- Net Assets: $1,745,066
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Organization Details
Founding Year
1974
Phone
(763) 422-6082Principal Officer
Lora Anderson
Main Address
11200 MISSISSIPPI BLVD NW, COON RAPIDS, MN, 55433
Website
www.anokaramsey.edu/donateNTEE Category
Code: B41I - Education
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