Overview
What is Hibbing College Foundation?
The Hibbing College Foundation is a nonprofit organization situated in Hibbing, Minnesota, specifically at 1515 East 25th Street. Its primary mission is to aid in the progression of education by granting scholarships to students attending Minnesota North College Hibbing. The foundation's primary objective is to support and assist this particular college, working towards its betterment. It accomplishes this by directly providing assistance to Minnesota North College Hibbing.
Official website here: www.foundationhcc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star rating)
The Hibbing College Foundation has received a rating of 83%, which reflects a solid performance in terms of accountability and finance. The foundation boasts a fully independent board, scoring a perfect 10 out of 10 for both majority independent board members and board size. Additionally, they have demonstrated good financial management with a low liabilities to assets ratio of 0.00% and a program expense ratio of 80.06%, indicating that a significant portion of their resources is directed towards their programs.
Despite its strengths, the foundation does have a few areas for improvement. Notably, it lacks a whistleblower policy and a document retention and destruction policy, both of which received a score of zero, indicating that these elements are missing from their governance framework. While the foundation has maintained transparency through its website and board meeting documentation, addressing these policy gaps could enhance its overall accountability.
Overall, the Hibbing College Foundation shows commendable financial health and governance structures, but addressing its missing policies could further bolster its standing and assure donors of its commitment to best practices in nonprofit management.
This AI summary has been generated from information found on Charity Navigator.
Is Hibbing College Foundation legitimate?
Hibbing College Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hibbing 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.foundationhcc.org
What is the mission statement of Hibbing College Foundation?
The Hibbing College Foundation's mission is centered around providing aid to further the educational goals of Minnesota North College Hibbing. Specifically, they aim to accomplish this by granting scholarships to the college's students and offering direct assistance to the institution itself. Their primary objective is to contribute to the advancement of education within this educational institution.
Official website here: www.foundationhcc.org
Who is the CEO of Hibbing College Foundation?
Kimberly Thomas is the Director of Hibbing College Foundation.
Official website here: www.foundationhcc.org
What is the revenue of Hibbing College Foundation?
Hibbing College Foundation's revenue in 2022 was $193,368.
Official website here: www.foundationhcc.org
Who are the executives of Hibbing College Foundation and what are their salaries?
There 16 volunteers at Hibbing College Foundation.
Here are 11 key members and their salaries:
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Official website here: www.foundationhcc.org
Where can I find the form 990 for Hibbing College Foundation?
Hibbing College Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.foundationhcc.org
Learn more at the official website: www.foundationhcc.org
Mission Statement of Hibbing College Foundation
The Hibbing College Foundation is committed to aiding Minnesota North College Hibbing in its educational advancement. This nonprofit organization's mission is twofold. Firstly, it awards scholarships to the students of Minnesota North College Hibbing, providing financial assistance that enables deserving individuals to pursue their academic goals. Secondly, the Hibbing College Foundation offers direct assistance to the college itself, contributing to its overall growth and development. By doing so, the foundation plays a vital role in fostering learning opportunities and supporting the academic community.
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Impact
October, 2024
The Hibbing College Foundation plays a vital role in supporting education at Minnesota North College Hibbing. By awarding scholarships to students, the foundation alleviates financial barriers, making higher education more accessible and fostering academic success. Additionally, the foundation provides direct assistance to the college, enhancing educational resources and opportunities. This commitment not only uplifts individual students but also strengthens the community, ensuring that future generations are equipped with the skills and knowledge they need to thrive.
This information is meant to be a general summary of Hibbing 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: $51,208
- Gross Receipts: $1,310,673
Assets and Liabilities:
- Total Assets: $1,434,990
- Total Liabilities: $0
- Net Assets: $1,434,990
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Organization Details
Founding Year
1958
Phone
(218) 293-6927Principal Officer
Kimberly Thomas
Main Address
1515 EAST 25TH STREET, HIBBING, MN, 55746
Website
www.foundationhcc.orgNTEE Category
Code: B82 - Education
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