Overview
What is Garrett Community College Foundationinc Attn Cherie Krug?
Garrett Community College Foundationinc, headed by Cherie Krug, is a dedicated nonprofit organization situated in McHenry, Maryland. With the primary mission of supporting Garrett College, this foundation offers scholarships to students pursuing post-secondary education. Their activities are geared towards boosting the college's enrollment by soliciting monetary donations and other charitable contributions. These funds are then utilized to provide scholarships and other financial aid to the institution. The foundation's address is 687 Mosser Road, McHenry, MD 21541.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Stars
The Garrett Community College Foundation has earned a Four-Star rating from Charity Navigator, signifying a high level of accountability and finance management. With an overall score of 94%, this rating highlights the foundation's commitment to transparency and responsible financial practices, as indicated by its perfect scores across various indicators.
Notably, the foundation boasts a fully independent board of directors, which enhances its governance standards. It has also implemented key policies such as conflict of interest and whistleblower protections, strengthening its operational integrity. Additionally, the foundation maintains a strong program expense ratio of 87.11%, indicating that a significant portion of its funds is directed towards its mission-driven programs.
While the foundation's financial health is reflected in a favorable liabilities to assets ratio of 49.92%, there are no reported issues concerning the diversion of assets. These factors collectively affirm the Garrett Community College Foundation's effective stewardship of resources, positioning it well within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Garrett Community College Foundationinc Attn Cherie Krug legitimate?
Garrett Community College Foundationinc Attn Cherie Krug is a legitimate nonprofit organization registered as a 501(c)(3) entity. Garrett Community College Foundationinc Attn Cherie Krug 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
For more financial information, click here
What is the mission statement of Garrett Community College Foundationinc Attn Cherie Krug?
The Garrett Community College Foundation's mission is centered around supporting the college in increasing student enrollment. They achieve this through monetary solicitations and charitable giving. The primary objective is to make scholarships and financial aid available to students, enabling them to pursue post-secondary education at Garrett College. The foundation's activities are geared towards providing financial assistance to the institution, thereby contributing to the broader educational endeavors of the college.
Who is the CEO of Garrett Community College Foundationinc Attn Cherie Krug?
Cherie Krug is the Chairperson of Garrett Community College Foundationinc Attn Cherie Krug.
What is the revenue of Garrett Community College Foundationinc Attn Cherie Krug?
Garrett Community College Foundationinc Attn Cherie Krug's revenue in 2023 was $1,043,225.
Who are the executives of Garrett Community College Foundationinc Attn Cherie Krug and what are their salaries?
Here are 18 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $74,072
- Related: $0
- Other: $0
Where can I find the form 990 for Garrett Community College Foundationinc Attn Cherie Krug?
Garrett Community College Foundationinc Attn Cherie Krug's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Garrett Community College Foundationinc Attn Cherie Krug
Garrett Community College Foundationinc Attn Cherie Krug, as a nonprofit organization, is committed to supporting Garrett College in its efforts to increase student enrollment. They achieve this goal through monetary solicitations and charitable giving. The primary mission of this foundation is to make scholarships and other financial aid available to students, enabling them to pursue post-secondary education at Garrett College. By providing scholarships, the foundation aims to alleviate the financial burden on students, thereby encouraging them to continue their education. In essence, Garrett Community College Foundationinc Attn Cherie Krug plays a crucial role in supporting the academic aspirations of students and contributing to Garrett College's enrollment objectives.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Garrett Community College Foundation, under the leadership of Cherie Krug, has a significant impact on supporting students and Garrett College in their pursuit of post-secondary education. By providing scholarships to students and financial support to the college, the foundation plays a crucial role in facilitating student enrollment and supporting the educational goals of individuals in the community. Through their charitable giving and monetary solicitations, the foundation helps make scholarships and other forms of financial assistance available to students, ultimately contributing to the educational success and advancement of the community.
This information is meant to be a general summary of Garrett Community College Foundationinc Attn Cherie Krug. 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: $96,518
- Program Service Revenue: $464,372
- Gross Receipts: $1,261,802
Assets and Liabilities:
- Total Assets: $11,983,076
- Total Liabilities: $5,982,045
- Net Assets: $6,001,031
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LAKER HALL DORM REVENUE
Revenue
$464,372
Organization Details
Founding Year
1982
Phone
(301) 387-3100Principal Officer
Cherie Krug
Main Address
687 MOSSER ROAD, MCHENRY, MD, 21541
NTEE Category
Code: B41I - Education
If you are a representative of Garrett Community College Foundationinc Attn Cherie Krug and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.