Overview
What is Lake Region Community College Foundation Of Devils Lake?
Lake Region Community College Foundation of Devils Lake is a nonprofit organization, headquartered at 1801 College Drive North, Devils Lake, North Dakota (58301). Their primary mission is to support the educational mission of Lake Region State College. This support is in the form of general and athletic scholarships, contributing to the broader goals of the college. The foundation's activities aim to foster learning and academic growth within the Lake Region State College community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90%, Four-Star out of Four Star Rating
The Lake Region Community College Foundation of Devils Lake has achieved a Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and finance. With an overall score driven entirely by its high marks in these areas, the foundation demonstrates sound financial management practices, evidenced by its 90% accountability and finance score for the most recent fiscal year.
Key strengths include a fully independent board, with all eight members meeting independence criteria, and a robust program expense ratio of 75.05%, indicating that a significant portion of its funds is directed toward its mission-related activities. The foundation also maintains effective financial oversight, with no reported material diversions of assets and adherence to documented policies for conflict of interest and document retention.
Despite its strengths, the foundation’s operational transparency could be enhanced through more detailed public reporting on program outcomes and impacts. Overall, the Lake Region Community College Foundation exemplifies responsible governance and fiscal health, making it a trustworthy organization for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Lake Region Community College Foundation Of Devils Lake legitimate?
Lake Region Community College Foundation Of Devils Lake is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Region Community College Foundation Of Devils Lake 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 Lake Region Community College Foundation Of Devils Lake?
The Lake Region Community College Foundation of Devils Lake exists with the primary objective of supporting the educational mission of Lake Region State College. This support is multifaceted, extending to both general and athletic scholarship opportunities at the college. By providing financial aid, the foundation plays a crucial role in empowering students to further their education and pursue their academic goals.
Who is the CEO of Lake Region Community College Foundation Of Devils Lake?
Elonda Nord is the Executive Director of Lake Region Community College Foundation Of Devils Lake.
What is the revenue of Lake Region Community College Foundation Of Devils Lake?
Lake Region Community College Foundation Of Devils Lake's revenue in 2021 was $1,219,808.
Who are the executives of Lake Region Community College Foundation Of Devils Lake and what are their salaries?
There 35 volunteers at Lake Region Community College Foundation Of Devils Lake.
Here are 29 key members and their salaries:
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- Related: $75,906
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Where can I find the form 990 for Lake Region Community College Foundation Of Devils Lake?
Lake Region Community College Foundation Of Devils Lake's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Lake Region Community College Foundation Of Devils Lake
The Lake Region Community College Foundation of Devils Lake is a dedicated organization with a mission to support the educational mission of Lake Region State College. In essence, its role is to contribute to the furtherance of education at the aforementioned college. This support is manifested through the provision of scholarships, both for general academic pursuits and athletic activities, at Lake Region State College. By doing so, the foundation aims to empower students, enabling them to pursue their educational goals and make significant strides in their respective fields.
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Impact
July, 2024
Lake Region Community College Foundation of Devils Lake directly impacts the educational mission of Lake Region State College by providing support in the form of general and athletic scholarship opportunities. Through their efforts, they help students access the education they need to succeed, thus playing a crucial role in fostering the development of a skilled workforce and building a stronger community in the Devils Lake area. The Foundation's support serves as a catalyst for individuals to pursue their academic goals and achieve their full potential, contributing to the overall growth and prosperity of the region.
This information is meant to be a general summary of Lake Region Community College Foundation Of Devils Lake. 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 2021.
- Investment Income: $190,884
- Gross Receipts: $3,266,113
Assets and Liabilities:
- Total Assets: $13,641,556
- Total Liabilities: $46,530
- Net Assets: $13,595,026
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Organization Details
Founding Year
1959
Phone
(701) 662-1505Principal Officer
Elonda Nord
Main Address
1801 COLLEGE DRIVE NORTH, DEVILS LAKE, ND, 58301
NTEE Category
Code: B41Z - Education
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