Overview
What is Independent College Fund Of Maryland Inc?
The Independent College Fund of Maryland Inc, situated in Annapolis, Maryland, is a nonprofit organization committed to expanding educational opportunities and diversifying leadership. They primarily raise funds, primarily from businesses and foundations, to provide scholarships and grants to students attending member institutions. This fund aims to ensure that higher education remains accessible to numerous qualified students who would otherwise be unable to afford it. The Independent College Fund's pooled scholarship program addresses basic and emergency financial needs, underscoring its dedication to supporting students across various majors based on financial need. The organization's mission also encompasses preparing individuals to reason, discern truth, and enrich the learning environment by providing support for new programs, technologies, and resources.
Official website here: www.micua.org/i-fund
Is Independent College Fund Of Maryland Inc legitimate?
Independent College Fund Of Maryland Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Independent College Fund Of Maryland 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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Official website here: www.micua.org/i-fund
What is the mission statement of Independent College Fund Of Maryland Inc?
The Independent College Fund of Maryland Inc's mission is centered around providing college access, choice, and opportunities. They achieve this by primarily raising funds from businesses and foundations. These funds are then used to grant scholarships to students attending institutions that are members of the I-Fund. The organization aims to diversify leadership in various communities, strengthen the democratic process, and enrich the learning environment. They accomplish this by offering unrestricted support, a pooled scholarship fund, named scholarships, and designated scholarships. The I-Fund also strives to prepare individuals to reason and discern truth, and supports new programs, technologies, and resources in educational institutions.
Official website here: www.micua.org/i-fund
Who is the CEO of Independent College Fund Of Maryland Inc?
Matthew Power is the President of Independent College Fund Of Maryland Inc.
Official website here: www.micua.org/i-fund
What is the revenue of Independent College Fund Of Maryland Inc?
Independent College Fund Of Maryland Inc's revenue in 2023 was $189,067.
Official website here: www.micua.org/i-fund
Who are the executives of Independent College Fund Of Maryland Inc and what are their salaries?
There 3 volunteers at Independent College Fund Of Maryland Inc.
Here are 4 key members and their salaries:
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Official website here: www.micua.org/i-fund
Where can I find the form 990 for Independent College Fund Of Maryland Inc?
Independent College Fund Of Maryland Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.micua.org/i-fund
Learn more at the official website: www.micua.org/i-fund
Mission Statement of Independent College Fund Of Maryland Inc
The Independent College Fund of Maryland Inc is committed to providing college access, choice, and opportunities for students. They achieve this by raising funds primarily from businesses and foundations. These funds are then distributed as scholarships and grants to students attending institutions that are members of the Independent College Fund of Maryland Inc. The organization's mission is multifaceted, aiming to expand educational opportunities and diversify leadership in various communities, including the civic, corporate, and political sectors. By preparing individuals to reason and discern truth, the Independent College Fund of Maryland Inc plays a significant role in strengthening the democratic process. Additionally, the organization supports new programs, technologies, and resources within learning environments to enrich the overall educational experience. Their programs include unlimited support, a pooled scholarship fund, named scholarships, and designated scholarships.
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Impact
October, 2024
Independent College Fund of Maryland Inc significantly enhances educational access and opportunities for students pursuing higher education in Maryland. By raising funds from businesses and foundations, it provides essential scholarships and grants that help bridge the financial gap for many qualified students, making independent higher education more attainable.
The pooled scholarship program offers crucial financial assistance to a diverse range of students, supporting those whose economic circumstances might otherwise prevent them from enrolling in college. Scholarships are awarded based on financial need, ensuring that those who require additional help can pursue their academic goals without the burden of financial stress.
Moreover, the organization plays a vital role in strengthening leadership diversity within civic, corporate, and political spheres. By fostering educational opportunities, it prepares individuals to engage thoughtfully in the democratic process and contribute positively to their communities.
In addition to scholarships, grants are allocated to meet basic and emergency financial needs, further supporting students’ journeys through college. The Independent College Fund of Maryland Inc actively works to enrich the educational landscape by funding new programs, technologies, and resources, enriching the overall learning environment and experience for students at I-FUND member institutions. Through its dedicated efforts, it not only supports individual students but also contributes to the broader social fabric by preparing the next generation of leaders.
This information is meant to be a general summary of Independent College Fund Of Maryland 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
- Gross Receipts: $189,067
Assets and Liabilities:
- Total Assets: $408,984
- Total Liabilities: $16,000
- Net Assets: $392,984
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Organization Details
Founding Year
1953
Phone
(410) 269-0306Principal Officer
Matthew Power
Main Address
140 SOUTH STREET, ANNAPOLIS, MD, 21401
Website
www.micua.org/i-fundNTEE Category
Code: B82Z - Education
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