Overview
What is South Central College North Mankato Campus Foundation?
The South Central College North Mankato Campus Foundation is a nonprofit organization located at 1920 LEE BOULEVARD, North Mankato, Minnesota, 56003. Its primary mission is to support South Central College and its students, providing scholarships for attending students and aiding the college in developing educational programs. The foundation's activities involve holding, investing, or expending donations to advance education. With a single employee, the South Central College North Mankato Campus Foundation is committed to enhancing opportunities and fostering growth within the educational community.
Official website here: www.southcentral.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Stars)
The South Central College North Mankato Campus Foundation has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and transparency. The foundation's Accountability & Finance Score is commendable at 88, reflecting responsible financial management practices. Its high percentage of independent board members (100%) and a robust conflict of interest policy further enhance its governance credibility.
In terms of program effectiveness, the foundation demonstrates a strong commitment to its mission, with an Impact & Measurement Score of 80. Notably, for every dollar spent, the foundation is able to increase the income of scholarship recipients by an impressive range of $0.85 to $1.50. This indicates that the foundation effectively maximizes its resources to support students.
Despite these strengths, the foundation does face some limitations, particularly reflected in its Program Expense Ratio of 77.81%. While this is a reasonable figure, it suggests that there is room for improvement in how funds are allocated towards direct program services versus administrative expenses. Overall, the foundation shows a solid commitment to its goals, backed by positive financial indicators.
This AI summary has been generated from information found on Charity Navigator.
Is South Central College North Mankato Campus Foundation legitimate?
South Central College North Mankato Campus Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. South Central College North Mankato 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $113,685
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.southcentral.edu
What is the mission statement of South Central College North Mankato Campus Foundation?
The South Central College North Mankato Campus Foundation's primary purpose is to support the growth and development of South Central College and its students. To achieve this, the foundation manages, invests, or utilizes donations. One of its key activities is providing scholarships to students attending South Central College, helping to alleviate financial burdens. Furthermore, the foundation assists the college in developing educational programs for its students, aiming to enhance their learning experiences. In essence, the foundation's mission is to contribute to the college's development and the success of its students.
Official website here: www.southcentral.edu
Who is the CEO of South Central College North Mankato Campus Foundation?
Duane Olenius is the President of South Central College North Mankato Campus Foundation.
Official website here: www.southcentral.edu
What is the revenue of South Central College North Mankato Campus Foundation?
South Central College North Mankato Campus Foundation's revenue in 2022 was $785,654.
Official website here: www.southcentral.edu
Who are the executives of South Central College North Mankato Campus Foundation and what are their salaries?
The average compensation at South Central College North Mankato Campus Foundation during 2022 was $113,685. There is 1 employee and 100 volunteers at South Central College North Mankato Campus Foundation.
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Official website here: www.southcentral.edu
Where can I find the form 990 for South Central College North Mankato Campus Foundation?
South Central College North Mankato Campus Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.southcentral.edu
Learn more at the official website: www.southcentral.edu
Mission Statement of South Central College North Mankato Campus Foundation
The South Central College North Mankato Campus Foundation is a nonprofit entity with a primary mission to support South Central College and its students. This support takes various forms, including holding, investing, or expenditing donations for the development of education. The organization's sole purpose is to contribute to the growth and betterment of South Central College, thereby benefiting its student body. To accomplish this, the foundation provides scholarships to students attending the college and assists the institution in creating and enhancing educational programs. By offering financial aid and educational resources, the South Central College North Mankato Campus Foundation aims to empower its students, enabling them to pursue their academic goals and thrive in their chosen fields.
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Impact
July, 2024
South Central College North Mankato Campus Foundation's impact is significant in supporting South Central College and its students through scholarships and the development of educational programs. By holding, investing, and expending donations for the development of education, the foundation plays a crucial role in helping students attend South Central College and access educational opportunities. This support contributes to the overall advancement of education in North Mankato, MN, benefiting both individual students and the community as a whole.
This information is meant to be a general summary of South Central College North Mankato 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 2022.
- Investment Income: $128,526
- Gross Receipts: $1,154,614
Assets and Liabilities:
- Total Assets: $3,796,596
- Total Liabilities: $25,203
- Net Assets: $3,771,393
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Organization Details
Founding Year
1990
Phone
(507) 389-7342Principal Officer
Duane Olenius
Main Address
1920 LEE BOULEVARD, NORTH MANKATO, MN, 56003
Website
www.southcentral.eduNTEE Category
Code: B42 - Education
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