Overview
What is Highland Community College Foundation?
The Highland Community College Foundation, established in 1987, is a nonprofit organization situated in Highland, Kansas. Its primary mission is to support Highland Community College by managing and distributing donations, gifts, and bequests to improve academic programs and student support. The foundation aids in funding activities that are not covered by traditional sources. Furthermore, the foundation provides tax-wise gift alternatives to donors through its comprehensive planned giving program. Lastly, the foundation has awarded scholarships worth 39,900 and spent 239,560 on campus improvements through third-party vendors.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Stars)
The Highland Community College Foundation has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong accountability and financial health. The organization scored 90% in this category, indicating that it adheres to high standards in financial reporting and governance. The rating is based solely on its Accountability & Finance score, which demonstrates the foundation's commitment to transparency and responsible financial management.
One of the foundation's notable strengths is its governance structure, with 100% of its board members being independent, which helps to ensure an unbiased decision-making process. Additionally, the foundation has successfully maintained a low liabilities to assets ratio of 0.36%, showcasing its fiscal stability. The program expense ratio is also impressive at 70.34%, indicating that a significant portion of the funds raised is directed toward its programs and mission rather than administrative costs.
There were no significant limitations noted in the available data, and the foundation has established robust policies, such as a conflict of interest policy and document retention practices, to promote accountability. Overall, the Highland Community College Foundation appears to be a well-managed organization with a strong focus on its mission and responsible financial practices.
This AI summary has been generated from information found on Charity Navigator.
Is Highland Community College Foundation legitimate?
Highland Community College Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Highland 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.
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What is the mission statement of Highland Community College Foundation?
The Highland Community College Foundation, established in 1987, was created to aid the college in achieving its mission. Its primary role is to receive and manage private gifts, bequests, and donations to benefit the students of the college. These funds support programs and activities that are not funded through traditional sources. The foundation's purpose also includes enhancing the quality of teaching and learning at the college. Additionally, the foundation provides assistance to donors by offering a comprehensive program of tax-wise gift alternatives through planned giving.
Who is the CEO of Highland Community College Foundation?
Keith Jaloma is the President of Highland Community College Foundation.
What is the revenue of Highland Community College Foundation?
Highland Community College Foundation's revenue in 2020 was $1,135,765.
Who are the executives of Highland Community College Foundation and what are their salaries?
Here are 14 key members and their salaries:
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Where can I find the form 990 for Highland Community College Foundation?
Highland Community College Foundation's most recent form 990 was submitted in 2020 and can be accessed here.
Mission Statement of Highland Community College Foundation
The Highland Community College Foundation, established in 1987, plays a crucial role in assisting Highland Community College in achieving its mission. This organization primarily serves to receive and manage private gifts, bequests, and donations aimed at benefiting the college's students and enhancing the quality of teaching and learning. The foundation's contributions support programs and activities that are not funded through traditional sources. Moreover, the foundation also extends assistance to donors by offering a comprehensive program of tax-wise gift alternatives through planned giving.
In essence, the Highland Community College Foundation acts as a bridge between the college and its benefactors, facilitating the flow of resources that help to expand the college's offerings and enrich the educational experiences of its students. By providing donors with tax-wise giving options, the foundation encourages generous contributions that ultimately contribute to the college's growth and success. In this way, the Highland Community College Foundation plays a vital role in supporting the college and its students, making a meaningful impact on their futures.
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Impact
July, 2024
The Highland Community College Foundation has a significant impact on the students and academic programs at Highland Community College. By receiving, managing, and distributing gifts, the foundation plays a crucial role in building and maintaining academics and supporting programs at the college.
In the past year, the foundation awarded $39,900 in scholarships to students, providing them with financial assistance to pursue their education. Additionally, $239,560 was paid to third-party vendors for improvement projects around the campus, enhancing the learning environment for students and faculty.
Through its work, the Highland Community College Foundation contributes to the overall quality of teaching and learning at the college, ensuring that students have access to valuable resources and opportunities beyond what traditional funding sources provide.
This information is meant to be a general summary of Highland 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 2020.
- Investment Income: $8,325
- Gross Receipts: $1,135,843
Assets and Liabilities:
- Total Assets: $4,992,261
- Total Liabilities: $20,054
- Net Assets: $4,972,207
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Organization Details
Founding Year
1987
Phone
(785) 442-3236Principal Officer
Keith Jaloma
Main Address
606 W MAIN, HIGHLAND, KS, 660350068
NTEE Category
Code: B41I - Education
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