Overview
What is Allegany College Of Maryland Foundation Inc?
Allegany College of Maryland Foundation Inc is a nonprofit organization, headquartered at 12401 Willowbrook Road SE, Cumberland, MD 21502. Its primary mission is to advance the growth, progress, and general welfare of Allegany College of Maryland. To achieve this, the foundation accumulates, invests, and reinvests funds, either using the principal or income for scholarships or special programs and projects. By providing financial support and resources, the foundation aims to enhance the educational opportunities and overall well-being of the college and its community.
Official website here: www.allegany.edu/acmfoundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% - Four-Star out of Four Stars
The Allegany College Of Maryland Foundation Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial health. The high score is primarily derived from their robust financial practices and governance, indicating a well-managed organization. Their independent board consists entirely of members who do not have conflicts of interest, which enhances the integrity of their decision-making processes.
Strengths in the Foundation's operations include a significant emphasis on transparency, as evidenced by their thorough financial statements and adherence to various policies related to whistleblowing, conflicts of interest, and document retention. With a low liabilities-to-assets ratio and an impressive program expense ratio of over 94%, the Foundation demonstrates effective resource allocation towards its mission, ensuring that most funding goes directly to its programs.
Overall, the Foundation appears to be a trustworthy organization with strong oversight mechanisms in place. There are no reported issues regarding asset diversion, which bodes well for donors considering their support. The focus on organizational integrity and fiscal responsibility positions the Allegany College Of Maryland Foundation Inc as a solid choice for potential contributors.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Allegany College Of Maryland Foundation Inc?
82% of 220 reviewers on Facebook recommend Allegany College of Maryland Foundation Inc. Here's a summary of their reviews:
Many students express strong satisfaction with their educational experience, highlighting the supportive and knowledgeable faculty as a significant asset. One reviewer mentioned the exceptional mentorship provided by professors, contributing to both their academic and personal growth. Graduates feel well-prepared for their future endeavors, especially in fields like business management.
Overall, the sentiment reflects a positive view of the college's commitment to student success and quality education. The majority of reviewers feel positively about their experiences, indicating that the college delivers on its promises and provides a valuable learning environment.
This AI summary has been generated from reviews found on Facebook.
Is Allegany College Of Maryland Foundation Inc legitimate?
Allegany College Of Maryland Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Allegany College Of Maryland 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.allegany.edu/acmfoundation
What is the mission statement of Allegany College Of Maryland Foundation Inc?
The mission of Allegany College of Maryland Foundation Inc. involves accumulating, investing, and reinvesting funds for scholarships or special programs and projects. The primary objective is to foster, encourage, and promote the growth, progress, and general welfare of Allegany College of Maryland. The foundation uses either the principal or the income from these funds to support the college's development and betterment.
Official website here: www.allegany.edu/acmfoundation
Who is the CEO of Allegany College Of Maryland Foundation Inc?
Dr Audie Klingler is the President of Allegany College Of Maryland Foundation Inc.
Official website here: www.allegany.edu/acmfoundation
What is the revenue of Allegany College Of Maryland Foundation Inc?
Allegany College Of Maryland Foundation Inc's revenue in 2023 was $3,830,306.
Official website here: www.allegany.edu/acmfoundation
Who are the executives of Allegany College Of Maryland Foundation Inc and what are their salaries?
There 30 volunteers at Allegany College Of Maryland Foundation Inc.
Here are 18 key members and their salaries:
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Official website here: www.allegany.edu/acmfoundation
Where can I find the form 990 for Allegany College Of Maryland Foundation Inc?
Allegany College Of Maryland Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.allegany.edu/acmfoundation
Learn more at the official website: www.allegany.edu/acmfoundation
Mission Statement of Allegany College Of Maryland Foundation Inc
Allegany College of Maryland Foundation Inc, in its mission, aims to accumulate, invest, reinvest, and expend funds for various purposes. The foundation utilizes either the principal or the income derived from these funds to provide scholarships or support special programs and projects. Its primary objective is to foster, encourage, and promote the growth, progress, and general welfare of Allegany College of Maryland. By doing so, the foundation plays a crucial role in contributing to the college's overall development and progress.
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Impact
July, 2024
Allegany College of Maryland Foundation Inc's impact is focused on fostering, encouraging, and promoting the growth, progress, and general welfare of Allegany College of Maryland. The Foundation accumulates, invests, reinvests, and expends funds to provide scholarships, support special programs, and contribute to the overall development of the college. By doing so, the foundation plays a vital role in enhancing educational opportunities and supporting student success at Allegany College of Maryland.
This information is meant to be a general summary of Allegany College Of Maryland 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: $733,944
- Program Service Revenue: $1,808,046
- Gross Receipts: $4,380,467
Assets and Liabilities:
- Total Assets: $24,680,526
- Total Liabilities: $30,616
- Net Assets: $24,649,910
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ALLEGANY COLLEGE HOUSI
Revenue
$1,808,046
Organization Details
Founding Year
1982
Phone
(301) 784-5200Principal Officer
Dr Audie Klingler
Main Address
12401 WILLOWBROOK ROAD SE, CUMBERLAND, MD, 21502
NTEE Category
Code: B41I - Education
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