Overview
What is Joliet Junior College Foundation?
Joliet Junior College Foundation is a nonprofit organization situated in Joliet, Illinois. Its primary mission is to financially support Joliet Junior College by providing scholarships and awards to eligible students, as identified by the college. The foundation aims to enhance the college's mission and goals by raising and managing private funds for various purposes, including new buildings and equipment, expanding and enriching academic programs, creating endowments, and addressing other necessary needs. In essence, the foundation serves as a catalyst for the college's growth and development by leveraging private donations.
Official website here: www.jjc.edu
What are the reviews and ratings of this charity?
Charity Navigator rating: 97% (Four-Star out of Four Star rating)
The Joliet Junior College Foundation has achieved an impressive Four-Star rating from Charity Navigator, indicating a strong commitment to accountability and financial health. With a perfect score in the Accountability & Finance category, it reflects the foundation's effective management and transparency practices. The foundation boasts a fully independent board and has comprehensive policies in place, such as conflict of interest and whistleblower policies, ensuring high governance standards.
Financially, the foundation demonstrates robust performance metrics. It maintains a low liabilities to assets ratio of 0.32%, showcasing its financial stability. Additionally, it allocates a significant portion of its budget, 83.35%, towards program expenses, indicating a strong focus on its charitable mission rather than excessive overhead costs. The fundraising efficiency of $0.01 per dollar raised is remarkably low, suggesting highly effective fundraising efforts.
Overall, the Joliet Junior College Foundation exemplifies a responsible nonprofit organization with exceptional financial stewardship and governance practices. However, while no limitations are explicitly mentioned in the data, potential donors might still consider assessing the foundation’s impact and program effectiveness in addition to financial metrics before making contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Joliet Junior College Foundation legitimate?
Joliet Junior College Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Joliet Junior 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: $0
For more financial information, click here
Official website here: www.jjc.edu
What is the mission statement of Joliet Junior College Foundation?
The Joliet Junior College Foundation's mission is to support the mission and goals of Joliet Junior College by raising and managing private funds. This includes providing scholarships and awards to eligible students, funding new buildings and equipment, expanding and enriching academic programs, establishing endowments, and addressing other necessary needs of the college. The foundation aims to contribute financially to Joliet Junior College, thereby playing a crucial role in its overall growth and development.
Official website here: www.jjc.edu
What is the revenue of Joliet Junior College Foundation?
Joliet Junior College Foundation's revenue in 2024 was $3,584,077.
Official website here: www.jjc.edu
Who are the executives of Joliet Junior College Foundation and what are their salaries?
There 29 volunteers at Joliet Junior College Foundation.
Here are 30 key members and their salaries:
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- Compensation: $26,000
- Related: $177,780
- Other: $30,525
Official website here: www.jjc.edu
Where can I find the form 990 for Joliet Junior College Foundation?
Joliet Junior College Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.jjc.edu
Learn more at the official website: www.jjc.edu
Mission Statement of Joliet Junior College Foundation
The Joliet Junior College Foundation is dedicated to supporting the mission and objectives of Joliet Junior College. This is achieved by raising and managing private funds for various purposes. These purposes include providing scholarships and awards to deserving students, funding the construction of new buildings and acquiring necessary equipment, enhancing and expanding academic programs, establishing endowments, and addressing other essential needs of the college. In essence, the mission of the Joliet Junior College Foundation is to contribute financially to the betterment of Joliet Junior College, thereby enriching the educational experiences of its students.
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Impact
July, 2024
Joliet Junior College Foundation's impact can be seen in the tangible support it provides to Joliet Junior College. Through raising and managing private funds, the foundation enables the college to offer scholarships to deserving students, invest in new buildings and equipment, expand academic programs, establish endowments, and address other crucial needs. This financial support plays a vital role in enhancing the educational opportunities and resources available to students at Joliet Junior College, ultimately contributing to the institution's mission and goals.
This information is meant to be a general summary of Joliet Junior 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 2024.
- Investment Income: $1,175,848
- Gross Receipts: $39,935,580
Assets and Liabilities:
- Total Assets: $33,588,956
- Total Liabilities: $108,241
- Net Assets: $33,480,715
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Organization Details
Founding Year
1973
Principal Officer
Kristin Mulvey
Website
www.jjc.eduNTEE Category
Code: B84 - Education
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