Overview
What is Independence Community College Foundation?
The Independence Community College Foundation is a nonprofit organization situated in Independence, Kansas. Its primary mission is to support Independence Community College and its students, offering financial aid through grants and scholarships. The scholarships are allocated based on academic merit and financial need, with awards ranging from $100 to $600 per semester. The foundation's activities are directed towards enhancing the college's resources and aiding students in need, thereby contributing to their educational journey.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Star rating (64%)
The Independence Community College Foundation has received a two-star rating from Charity Navigator, indicating an overall need for improvement in its operations and transparency. While the organization demonstrates strong accountability and finance practices, scoring a perfect 100% in these areas, it lacks essential documentation and policies that are critical for effective governance and public trust.
One of the foundation's notable strengths is its majority independent board, which contributes to better oversight and decision-making. Additionally, the financial metrics reflect a strong commitment to program expenses, with 67.66% of its budget directed towards its programs. However, the foundation faces significant shortcomings, such as the absence of financial statements, a missing website on the tax form, and the lack of key policies like conflict of interest and whistleblower protections.
These limitations hinder the foundation's ability to communicate its financial health and governance practices effectively to stakeholders. Addressing these gaps could enhance transparency and build greater confidence among donors and the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Independence Community College Foundation legitimate?
Independence Community College Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Independence 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:
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Other Salaries and Wages: $50,664
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What is the mission statement of Independence Community College Foundation?
The Independence Community College Foundation's primary mission is to offer support to Independence Community College and its students, primarily through the provision of grants and scholarships. This non-profit organization utilizes its funds to benefit the college and its financially struggling students, with scholarship awards given based on academic achievements and financial need. The amounts awarded range from $100 to $600 per semester, aiming to lessen the financial burden on students while they pursue their education.
Who is the CEO of Independence Community College Foundation?
Bryce Saia is the Director of Independence Community College Foundation.
What is the revenue of Independence Community College Foundation?
Independence Community College Foundation's revenue in 2023 was $1,288,515.
Who are the executives of Independence Community College Foundation and what are their salaries?
Here are 12 key members and their salaries:
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Where can I find the form 990 for Independence Community College Foundation?
Independence Community College Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Independence Community College Foundation
The Independence Community College Foundation's mission is centered around providing support to the Independence Community College and its students. This nonprofit organization achieves this goal by offering grants and scholarships to students in need of financial assistance, while they attend the college. The scholarship awards are merit-based, taking into account both academic achievements and financial necessities. The scholarship amounts range from $100 to $600 per semester, providing much-needed financial aid to deserving students. By offering these grants and scholarships, the Independence Community College Foundation plays a significant role in helping students overcome financial barriers and pursue their education, ultimately contributing to the overall growth and development of the college.
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Impact
July, 2024
The Independence Community College Foundation's impact is clearly focused on providing crucial support to Independence Community College and its students through grants and scholarships. This support directly benefits students in need of financial assistance, allowing them to pursue their education at ICC. The foundation's scholarships are awarded based on both academic achievements and financial need, with awards ranging from $100.00 to $600.00 per semester. By enabling students to access higher education, the Independence Community College Foundation plays a pivotal role in shaping the future of these individuals and contributing to the growth and development of the community.
This information is meant to be a general summary of Independence 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 2023.
- Investment Income: $242,150
- Gross Receipts: $1,473,138
Assets and Liabilities:
- Total Assets: $4,772,805
- Total Liabilities: $4,909
- Net Assets: $4,767,896
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Organization Details
Founding Year
1968
Principal Officer
Bryce Saia
Main Address
1057 W COLLEGE AVE, INDEPENDENCE, KS, 67301
NTEE Category
Code: B41I - Education
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