Overview
What is Chesapeake College Foundation Inc?
Chesapeake College Foundation Inc is a nonprofit organization situated in Wye Mills, Maryland. Their primary mission is to support the educational endeavors of Chesapeake College. They achieve this by accepting donations and utilizing the earnings from endowments to fund various programs. These contributions have enabled them to provide scholarships to students, foster innovative teaching methods for faculty, organize alumni events, and offer learning opportunities. The foundation's charitable and educational purpose is to enhance the educational facilities, programs, and opportunities at Chesapeake College. By offering financial resources, they help the college achieve its goals and objectives.
Official website here: www.chesapeake.edu/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star Rating)
Chesapeake College Foundation Inc has achieved an impressive 96% score with a Four-Star rating, reflecting strong performance in accountability and finance. The rating is primarily based on the charity's accountability, indicating a well-structured organization with transparent financial practices. The foundation has a completely independent board and adheres to sound governance policies, ensuring effective oversight.
The foundation's financial health is demonstrated by its low liabilities to assets ratio of 5.28% and a high program expense ratio of 92.64%, showing that the majority of its resources are allocated towards its mission. With robust audit and oversight measures in place, including clear conflict of interest and whistleblower policies, donors can have confidence in the organization's integrity and operational efficiency.
Despite its strengths, further insights into its program effectiveness and impact metrics could enhance understanding of the foundation's overall performance. However, its strong financial practices and dedicated governance structure highlight its commitment to accountability and transparency, making it a trustworthy option for potential donors.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Chesapeake College Foundation Inc?
82% of 45 reviewers on Facebook recommend the Chesapeake College Foundation Inc. Here’s a summary of their insights:
Many people have expressed a positive sentiment towards the foundation, particularly highlighting the supportive community among staff and students. The connections made at Chesapeake College seem to enhance both personal and professional experiences, with reviewers appreciating the friendly environment.
Overall, the foundation appears to foster a sense of camaraderie and commitment, making it a valued organization in the community. Reviewers feel that their experiences at Chesapeake College have been rewarding, showcasing the nonprofit's fulfillment of its commitment to education and support.
This AI summary has been generated from reviews found on Facebook.
Is Chesapeake College Foundation Inc legitimate?
Chesapeake College Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chesapeake 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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For more financial information, click here
Official website here: www.chesapeake.edu/foundation
What is the mission statement of Chesapeake College Foundation Inc?
The Chesapeake College Foundation Inc is established with a charitable and educational purpose, primarily to support the students and faculty of Chesapeake College. The foundation's mission is to contribute financially to enhance the educational programs, facilities, and opportunities at the college, helping it achieve its goals and objectives. In essence, the foundation's role is to provide the necessary financial resources to support the growth and development of Chesapeake College.
Official website here: www.chesapeake.edu/foundation
Who is the CEO of Chesapeake College Foundation Inc?
Passion Bolden-Tilghman is the Member of Chesapeake College Foundation Inc.
Official website here: www.chesapeake.edu/foundation
What is the revenue of Chesapeake College Foundation Inc?
Chesapeake College Foundation Inc's revenue in 2022 was $1,805,836.
Official website here: www.chesapeake.edu/foundation
Who are the executives of Chesapeake College Foundation Inc and what are their salaries?
Here are 21 key members and their salaries:
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Official website here: www.chesapeake.edu/foundation
Where can I find the form 990 for Chesapeake College Foundation Inc?
Chesapeake College Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.chesapeake.edu/foundation
Learn more at the official website: www.chesapeake.edu/foundation
Mission Statement of Chesapeake College Foundation Inc
Chesapeake College Foundation Inc is a nonprofit organization with a charitable and educational mission. Its primary objective is to support the students and faculty of Chesapeake College. The foundation achieves this by providing financial resources to help the college achieve its goals and objectives, and enhance its educational programs and facilities. Through its financial contributions, Chesapeake College Foundation Inc aims to empower the college to meet the evolving needs of its students and faculty, thereby fostering a conducive learning environment. In essence, the mission of Chesapeake College Foundation Inc is to strengthen the educational capabilities of Chesapeake College, thereby benefiting its students and faculty.
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Impact
July, 2024
Chesapeake College Foundation Inc's impact is significant in furthering the educational programs, facilities, and opportunities at Chesapeake College. Through donor contributions, events, and earnings from endowments, the foundation has been able to give back $828,124 to Chesapeake College. This funding supports student scholarships, innovative teaching for faculty, alumni programming and recognition, and student learning opportunities. The foundation plays a crucial role in providing financial resources to meet the college's goals and objectives, ultimately benefiting the students and faculty of Chesapeake College.
This information is meant to be a general summary of Chesapeake 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 2022.
- Investment Income: $567,609
- Gross Receipts: $2,527,724
Assets and Liabilities:
- Total Assets: $8,084,053
- Total Liabilities: $276,736
- Net Assets: $7,807,317
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Organization Details
Founding Year
1977
Phone
(410) 827-5816Principal Officer
Passion Bolden-Tilghman
Main Address
PO BOX 8, WYE MILLS, MD, 21679
NTEE Category
Code: T31 - Philanthropy
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