Overview
What is Hagerstown Community College Alumni Association Inc?
Hagerstown Community College Alumni Association Inc, based in Hagerstown, Maryland, is a nonprofit organization dedicated to raising funds for scholarships and periodic gifts to benefit the Hagerstown Community College. Their primary mission is to support the educational aspirations of former students, fostering a sense of community and giving back to their alma mater. The association operates with a specific focus on fundraising efforts, aiming to establish scholarships and make periodic contributions to the college.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star rating)
Hagerstown Community College Alumni Association Inc has received an impressive 94% rating from Charity Navigator, reflecting a strong commitment to accountability and financial health. The organization boasts a perfect score for its board composition, with 100% independent board members, indicating a robust governance structure. Additionally, their lack of asset diversion and comprehensive policies related to conflict of interest, whistleblower protections, and document retention contribute to their high rating.
The organization demonstrates effective financial management, exemplified by a program expense ratio of 93.03%, ensuring that the majority of funds are directed towards its programs and services. The low liabilities to assets ratio of 4.63% further underscores its financial stability, suggesting that the association is well-positioned to fulfill its mission without overextending itself financially.
While the rating highlights numerous strengths, it is important to note that the score is based solely on the Accountability & Finance beacon. This means that while the financial practices are commendable, additional evaluation of other operational aspects, such as program impact and community engagement, would provide a more holistic view of the association's effectiveness and reach.
This AI summary has been generated from information found on Charity Navigator.
Is Hagerstown Community College Alumni Association Inc legitimate?
Hagerstown Community College Alumni Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hagerstown Community College Alumni Association 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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What is the mission statement of Hagerstown Community College Alumni Association Inc?
The Hagerstown Community College Alumni Association Inc is dedicated to raising funds with the objective of establishing alumni scholarships and making periodic gifts to Hagerstown Community College. This mission aims to support the educational pursuits of former students, potentially enabling new generations to benefit from the college's offerings. The association's primary goal is to contribute to the college's mission by providing financial assistance to deserving students.
Who is the CEO of Hagerstown Community College Alumni Association Inc?
Beverly Kipe is the President of Hagerstown Community College Alumni Association Inc.
What is the revenue of Hagerstown Community College Alumni Association Inc?
Hagerstown Community College Alumni Association Inc's revenue in 2022 was $80,923.
Who are the executives of Hagerstown Community College Alumni Association Inc and what are their salaries?
There 50 volunteers at Hagerstown Community College Alumni Association Inc.
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Where can I find the form 990 for Hagerstown Community College Alumni Association Inc?
Hagerstown Community College Alumni Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hagerstown Community College Alumni Association Inc
The Hagerstown Community College Alumni Association Inc is dedicated to raising funds for the establishment of scholarships and periodic gifts to benefit the Hagerstown Community College. Their mission, in essence, is to contribute financially to the educational aspirations of former students of the college, providing them with financial aid and supporting the institution on a regular basis. By doing so, the Alumni Association aims to give back to the college that has shaped the lives of its alumni and contribute to the continued success and growth of Hagerstown Community College.
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Impact
October, 2024
Hagerstown Community College Alumni Association Inc has a significant impact on the community and students by raising funds to establish alumni scholarships and provide periodic financial gifts to Hagerstown Community College. These efforts not only enhance the educational opportunities for students but also foster a sense of community among alumni.
By supporting scholarships, the association helps to alleviate the financial burdens faced by students, enabling them to focus on their studies and pursue their academic goals. The periodic gifts to the college enhance its programs and resources, ultimately benefiting the entire student body and reinforcing the college's mission to provide quality education.
This commitment to supporting education and creating opportunities contributes to the overall development of the Hagerstown community, encouraging growth, learning, and success among its residents.
This information is meant to be a general summary of Hagerstown Community College Alumni Association 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: $719
- Gross Receipts: $95,505
Assets and Liabilities:
- Total Assets: $477,671
- Total Liabilities: $694
- Net Assets: $476,977
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Organization Details
Founding Year
1990
Principal Officer
Beverly Kipe
Main Address
11400 ROBINWOOD DRIVE, HAGERSTOWN, MD, 21742
NTEE Category
Code: P58Z - Human services
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