Overview
What is The Harford Community College Foundation Inc?
The Harford Community College Foundation Inc, located at 401 Thomas Run Road, Bel Air, Maryland, is a dedicated nonprofit organization. Its primary mission is to support Harford Community College and the advancement of public higher education. The foundation achieves this goal by broadening its base of support and fostering communication with private donors and public agencies. Through various fundraising activities, advocacy efforts, and friend-raising initiatives, the foundation provides financial and personal contributions to sustain the college. These contributions are channeled towards educational programs developed by the college community and approved by the Board of Trustees. The foundation's support extends to a wide range of college activities, including cultural events, athletics, student programs, faculty/staff development, and technology equipment.
Official website here: www.harford.edu
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 97%, Four-Star out of Four Star rating.
The Harford Community College Foundation Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. Its score is notably high due to a perfect Accountability & Finance Score of 97%, indicating robust financial practices and transparency. The organization boasts a fully independent board, ensuring that governance is conducted without conflicts of interest, and demonstrates sound financial oversight with a dedicated audit and oversight committee.
Strengths highlighted include a high program expense ratio of 82.64%, which suggests that a significant portion of funds is directed toward program services rather than administrative costs. Furthermore, the foundation has shown exceptional fundraising efficiency, with no costs associated with fundraising efforts, indicating that donations are maximally utilized. The organization also has a strong liquidity position with a working capital ratio of 13.62 years, reflecting its ability to meet short-term obligations.
While the feedback is overwhelmingly positive, the foundation's emphasis on accountability and finance may suggest limited insights into programmatic impact or outcomes, as the rating is solely based on financial metrics. Nonetheless, the strong governance and financial health covered in the ratings underscore the foundation's commitment to maintaining ethical standards and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is The Harford Community College Foundation Inc legitimate?
The Harford Community College Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Harford 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.harford.edu
What is the mission statement of The Harford Community College Foundation Inc?
The Harford Community College Foundation Inc serves to aid Harford Community College and the advancement of public higher education. Their mission is to expand the support base and communicate effectively with private donors and public agencies. This is accomplished through various means, including fundraising events, advocacy, and campaigns. By doing so, the foundation sustains the college with financial and personal contributions, ensuring the development and implementation of educational programs approved by the Board of Trustees. These efforts aim to contribute positively to the college community and further the cause of public higher education.
Official website here: www.harford.edu
What is the revenue of The Harford Community College Foundation Inc?
The Harford Community College Foundation Inc's revenue in 2024 was $2,118,874.
Official website here: www.harford.edu
Who are the executives of The Harford Community College Foundation Inc and what are their salaries?
There 45 volunteers at The Harford Community College Foundation Inc.
Here are 33 key members and their salaries:
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- Related: $254,548
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- Related: $28,007
- Other: $2,536
Official website here: www.harford.edu
Where can I find the form 990 for The Harford Community College Foundation Inc?
The Harford Community College Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.harford.edu
Learn more at the official website: www.harford.edu
Mission Statement of The Harford Community College Foundation Inc
The Harford Community College Foundation, Inc., is dedicated to supporting Harford Community College and the advancement of public higher education. The foundation accomplishes this mission by broadening the base of support and fostering communication with private donors and public agencies. Through various efforts, such as fundraising, advocacy, and friend-raising, the foundation sustains the college with financial and personal contributions. These contributions are primarily directed towards educational programs developed by the college community and approved by the Board of Trustees. The Harford Community College Foundation, Inc., plays a crucial role in ensuring the college's financial wellbeing and the success of its educational programs.
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Impact
July, 2024
The Harford Community College Foundation Inc plays a crucial role in supporting Harford Community College and the advancement of public higher education. By providing grants for program support, including cultural activities, athletic and student programs, faculty/staff development, and technology equipment, the Foundation enhances the educational experience for students and faculty. Through fundraising efforts and engagement with private donors and public agencies, the Foundation helps sustain the college's educational programs and initiatives.
This information is meant to be a general summary of The Harford 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 2024.
- Investment Income: $254,186
- Gross Receipts: $2,285,020
Assets and Liabilities:
- Total Assets: $18,413,309
- Total Liabilities: $93,704
- Net Assets: $18,319,605
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Organization Details
Founding Year
1989
Principal Officer
Eric Rebbert
Website
www.harford.eduNTEE Category
Code: T31 - Philanthropy
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