Overview
What is Colby Community College Endowment Foundation?
The Colby Community College Endowment Foundation is a nonprofit organization based in Colby, Kansas. Their primary mission is to raise private sector funds for the benefit of educational opportunities and initiatives at Colby Community College. They accomplish this by providing leadership, managing gifts responsibly, and maintaining a strong scholarship program to promote academic excellence and student leadership. The foundation's activities include investing and disbursing funds, generating income to support scholarships, departmental programs, faculty development, and overall enrichment of the college. The organization, with a small team of two employees, is dedicated to contributing to the growth and advancement of Colby Community College.
Official website here: www.colbycc.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%, Four-Star out of Four Star Rating
The Colby Community College Endowment Foundation has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in the area of Accountability & Finance. This rating is based on a comprehensive assessment of financial practices, indicating that the organization demonstrates transparency and responsible management of funds.
Strengths noted in the evaluation include a fully independent board, with 100% of board members meeting independence criteria, and a high program expense ratio of 86.56%. Additionally, the foundation has received top scores in areas such as financial audits and the absence of material diversion of assets, which speak to its financial integrity and commitment to its mission.
While the foundation excels in financial accountability, the review does not highlight any specific limitations or concerns, suggesting that it is operating effectively within its financial frameworks. Overall, the Colby Community College Endowment Foundation appears to be a well-managed nonprofit with a strong commitment to supporting its educational mission.
This AI summary has been generated from information found on Charity Navigator.
Is Colby Community College Endowment Foundation legitimate?
Colby Community College Endowment Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Colby Community College Endowment 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: $5,544
Professional Fundraising Fees: $0
Other Salaries and Wages: $38,914
For more financial information, click here
Official website here: www.colbycc.edu
What is the mission statement of Colby Community College Endowment Foundation?
The Colby Community College Endowment Foundation's mission is centered around raising private sector funds to support the educational opportunities and initiatives of Colby Community College. They aim to do this by providing leadership and managing gifts responsibly. A significant aspect of their work is the scholarship program, which promotes academic excellence and fosters student leadership. The foundation performs three fundamental functions: raising funds, raising awareness, and investing and disbursing funds. The income generated from these funds is utilized for various purposes, including scholarships, departmental programs, faculty development, and overall enrichment of the college.
Official website here: www.colbycc.edu
Who is the CEO of Colby Community College Endowment Foundation?
Melissa Rickford is the President of Colby Community College Endowment Foundation.
Official website here: www.colbycc.edu
What is the revenue of Colby Community College Endowment Foundation?
Colby Community College Endowment Foundation's revenue in 2023 was $1,271,248.
Official website here: www.colbycc.edu
Who are the executives of Colby Community College Endowment Foundation and what are their salaries?
The average compensation at Colby Community College Endowment Foundation during 2023 was $22,229. There are 2 employees and 32 volunteers at Colby Community College Endowment Foundation.
Here are 6 key members and their salaries:
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- Compensation: $0
- Related: $5,544
- Other: $0
Official website here: www.colbycc.edu
Where can I find the form 990 for Colby Community College Endowment Foundation?
Colby Community College Endowment Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.colbycc.edu
Learn more at the official website: www.colbycc.edu
Mission Statement of Colby Community College Endowment Foundation
The Colby Community College Endowment Foundation is committed to supporting Colby Community College by performing three fundamental functions. Firstly, it raises funds to secure resources for educational opportunities and initiatives within the college. Secondly, it strives to build relationships with potential donors, aiming to increase the pool of financial support for the institution. Lastly, it invests and disburses funds responsibly, ensuring that the income generated is utilized for various purposes. Scholarships, departmental programs, faculty development, and the overall enrichment of the college are some of the areas benefiting from this generated income. The endowment foundation's mission is to promote academic excellence and develop student leadership by providing financial aid and fostering a conducive learning environment at Colby Community College.
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Impact
July, 2024
The Colby Community College Endowment Foundation plays a vital role in supporting Colby Community College by raising private sector funds, managing gifts responsibly, and providing leadership to advance educational opportunities and initiatives. Through its strong scholarship program, the Foundation promotes academic excellence and fosters student leadership. Additionally, the Foundation distributes funds for campus projects and organizations supported by the Foundation. Its mission is to raise funds, cultivate relationships, and invest and disburse funds to benefit the college through scholarships, departmental programs, faculty development, and overall enrichment. The Foundation's impact is significant in enhancing educational experiences and opportunities for the college community.
This information is meant to be a general summary of Colby Community College Endowment 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: $167,909
- Gross Receipts: $2,734,918
Assets and Liabilities:
- Total Assets: $7,859,362
- Total Liabilities: $152,837
- Net Assets: $7,706,525
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Organization Details
Founding Year
1965
Phone
(785) 460-4684Principal Officer
Melissa Rickford
Main Address
1255 S RANGE AVE, COLBY, KS, 67701
Website
www.colbycc.eduNTEE Category
Code: B82Z - Education
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