Overview
What is Carteret Community College Foundation Inc?
Carteret Community College Foundation Inc, based in Morehead City, North Carolina (28557), is a dedicated nonprofit organization. Their primary goal is to offer comprehensive community support and resources for Carteret Community College. This encompasses various aspects, including but not limited to, providing essential aid and facilities for the college. The foundation's mission is rooted in the belief of fostering a supportive environment that empowers Carteret Community College to thrive.
Official website here: www.cccfoundation.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 92%, Four-Star out of Four Star rating.
Carteret Community College Foundation Inc has achieved an impressive score of 92%, reflecting strong accountability and financial health. This high rating is derived entirely from its accountability and finance metrics, indicating the organization’s commitment to transparency and responsible management of resources. The presence of a fully independent board, alongside a well-structured audit and oversight committee, further enhances its credibility.
The foundation excels in several key areas, including a remarkable program expense ratio of 94.94%, which signifies that almost all funds are directed toward its mission-related activities. Additionally, the organization has demonstrated excellent fundraising efficiency, indicating that it can raise funds without incurring costs, which is essential for sustaining its programs. The foundation also maintains a solid working capital ratio, ensuring it has ample resources for future initiatives.
However, there are a couple of noted limitations. The absence of a whistleblower policy and a document retention and destruction policy could pose potential risks in governance and compliance. Nevertheless, these shortcomings do not significantly detract from the overall strength of the organization, which remains focused on delivering impactful services to its community.
This AI summary has been generated from information found on Charity Navigator.
Is Carteret Community College Foundation Inc legitimate?
Carteret Community College Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Carteret Community College Foundation Inc 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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Professional Fundraising Fees: $0
Other Salaries and Wages: $456,608
For more financial information, click here
Official website here: www.cccfoundation.org
What is the mission statement of Carteret Community College Foundation Inc?
The Carteret Community College Foundation Inc's mission is centered around providing extensive community support and resources for Carteret Community College. This mission is aimed at enhancing the college's capacity and fostering a thriving community. The foundation's role is multifaceted, encompassing the provision of necessary resources to cater to the college's needs. This mission underscores the foundation's commitment to supporting the growth and development of Carteret Community College.
Official website here: www.cccfoundation.org
Who is the CEO of Carteret Community College Foundation Inc?
Brenda Reash is the Member of Carteret Community College Foundation Inc.
Official website here: www.cccfoundation.org
What is the revenue of Carteret Community College Foundation Inc?
Carteret Community College Foundation Inc's revenue in 2023 was $2,600,536.
Official website here: www.cccfoundation.org
Who are the executives of Carteret Community College Foundation Inc and what are their salaries?
There 125 volunteers at Carteret Community College Foundation Inc.
Here are 22 key members and their salaries:
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Official website here: www.cccfoundation.org
Where can I find the form 990 for Carteret Community College Foundation Inc?
Carteret Community College Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.cccfoundation.org
Learn more at the official website: www.cccfoundation.org
Mission Statement of Carteret Community College Foundation Inc
Carteret Community College Foundation Inc, as a dedicated organization, is committed to offering comprehensive community support and resources for Carteret Community College. Their primary mission is to enhance the college's capabilities by providing necessary resources, aiming to foster a thriving educational environment. By fulfilling this mission, the foundation aims to contribute positively to the college's community, ensuring its continued success and growth.
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Impact
July, 2024
Carteret Community College Foundation Inc's impact revolves around providing comprehensive community support and resources for Carteret Community College. They play a vital role in enhancing educational opportunities for students in Morehead City, NC, through various initiatives and programs. By focusing on education, the foundation contributes to the development and empowerment of individuals seeking to further their academic and career goals. Their work aligns with the overarching goal of supporting the local community and promoting access to quality education.
This information is meant to be a general summary of Carteret Community College Foundation Inc. 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: $7,603
- Gross Receipts: $7,182,153
Assets and Liabilities:
- Total Assets: $6,863,674
- Total Liabilities: $166,931
- Net Assets: $6,696,743
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Organization Details
Founding Year
1976
Phone
(858) 888-6262Principal Officer
Brenda Reash
Main Address
3505 ARENDELL ST, MOREHEAD CITY, NC, 28557
Website
www.cccfoundation.orgNTEE Category
Code: B11 - Education
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