Overview
What is Anne Arundel Community College Foundation Inc?
Anne Arundel Community College Foundation Inc is a nonprofit organization dedicated to supporting and enhancing the educational opportunities at Anne Arundel Community College. Historically, their primary focus has been providing scholarships to students, but as the educational landscape evolves, they also provide resources in areas such as technology, equipment, departmental support, facilities, student enrichment, and innovation. Generous contributions to the foundation allow them to address needs beyond the college's annual budget, safeguarding its position of excellence and contributing to the regional vitality through an educated workforce. The foundation has donated the Clauson Center for Innovation and Skilled Trades Building, which aims to address the growing need for skilled trade workers in the community. The center houses dynamic programming that adapts to job market demands, offering six initial programs in electrical, forklift operation, HVAC, plumbing, welding, and general contracting, with the potential for expansion based on workforce demands. In essence, the Anne Arundel Community College Foundation Inc secures private funds to increase access to higher education and strengthen the college's initiatives, benefiting the broader community.
Official website here: www.aacc.edu/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star rating)
The Anne Arundel Community College Foundation Inc has achieved an impressive score of 97%, reflecting a high level of accountability and financial management. This rating indicates that the foundation is effectively utilizing its resources, as demonstrated by its excellent scores across various metrics evaluating financial transparency, governance, and operational efficiency.
Key strengths of the organization include a fully independent board with a substantial number of members, which enhances its governance structure. The foundation has policies in place for conflict of interest and whistleblower protections, along with a commitment to document retention and transparency regarding board meeting minutes. Furthermore, the low ratio of liabilities to assets and high program expense ratio signifies a strong financial health and a focus on program effectiveness.
While the foundation has a stellar rating in accountability and finance, the summary does not provide detailed information about its specific programs or outcomes. This could be an area for potential improvement, as potential donors might be interested in understanding the direct impact of their contributions on the community served.
This AI summary has been generated from information found on Charity Navigator.
Is Anne Arundel Community College Foundation Inc legitimate?
Anne Arundel Community College Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Anne Arundel 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.aacc.edu/foundation
What is the mission statement of Anne Arundel Community College Foundation Inc?
The Anne Arundel Community College Foundation Inc, a 501(c)(3) corporation, aims to expand private philanthropy and cultivate partnerships to enhance the ability of Anne Arundel Community College to support students and initiatives that strengthen their community. The foundation's primary purpose has historically been providing scholarships to students, but as the demands of 21st-century education grow, it also provides resources in areas such as technology, equipment, departmental support, facilities, student enrichment, and innovation. Generous contributions to the foundation allow it to meet needs that cannot be met by the college's annual budget, thereby protecting the college's position of excellence and ensuring a vital community powered by an educated citizenry and workforce. Additionally, the foundation donated the Clausion Center for Innovation and Skilled Trades Building to Anne Arundel Community College, which will address the growing need for skilled trade workers in the community. Programs at the center will support the development of individuals with talent and abilities in these fields, accommodating dynamic programming that adapts to job market demands.
Official website here: www.aacc.edu/foundation
Who is the CEO of Anne Arundel Community College Foundation Inc?
Frank Campbell Esq is the President of Anne Arundel Community College Foundation Inc.
Official website here: www.aacc.edu/foundation
What is the revenue of Anne Arundel Community College Foundation Inc?
Anne Arundel Community College Foundation Inc's revenue in 2022 was $4,871,771.
Official website here: www.aacc.edu/foundation
Who are the executives of Anne Arundel Community College Foundation Inc and what are their salaries?
There 27 volunteers at Anne Arundel Community College Foundation Inc.
Here are 28 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: $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: $166,918
- Other: $9,212
Official website here: www.aacc.edu/foundation
Where can I find the form 990 for Anne Arundel Community College Foundation Inc?
Anne Arundel Community College Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.aacc.edu/foundation
Learn more at the official website: www.aacc.edu/foundation
Mission Statement of Anne Arundel Community College Foundation Inc
The Anne Arundel Community College Foundation Inc is a 501(c)(3) organization with a mission to expand private philanthropy and cultivate partnerships to enhance the capabilities of Anne Arundel Community College. Their primary objective is to support students and initiatives that strengthen their community. Historically, the foundation has focused on providing scholarships to students, a practice that continues to be one of their primary purposes. However, as the complexities of 21st-century education evolve, additional resources in areas such as technology, equipment, departmental support, facilities, student enrichment, and innovation become increasingly necessary to protect the college's position of strength. Generous contributions to the AACC Foundation enable them to provide funding for such needs that cannot be met by the college's annual budget.
In addition to scholarships, the Anne Arundel Community College Foundation has made significant contributions to the college, such as donating the Clauson Center for Innovation and Skilled Trades Building. This nearly 11,500 square foot building is designed to accommodate dynamic programming that adapts to job market demands and will support the development of individuals with talent and abilities in various skilled trades fields, such as electrical, forklift operation, HVAC, plumbing, welding, and general contracting. The foundation's support for the college and its students not only protects the college's margin of excellence but also ensures a regional vitality powered by an educated citizenry and workforce.
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
Anne Arundel Community College Foundation Inc's impact is significant in securing private funds to increase access to higher education and support Anne Arundel Community College programs. The Foundation's focus on providing scholarships to students, along with resources in technology, equipment, facilities, and student enrichment, helps protect the college's position of strength. Additionally, the donation of the Clauson Center for Innovation and Skilled Trades building addresses the need for skilled trade workers in the community and supports the development of individuals in these fields. Overall, the Foundation's work ensures regional vitality powered by an educated citizenry and workforce, making a positive impact on both students and the community as a whole.
This information is meant to be a general summary of Anne Arundel 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 2022.
- Investment Income: $725,900
- Program Service Revenue: $1,256,390
- Gross Receipts: $6,972,842
Assets and Liabilities:
- Total Assets: $29,078,784
- Total Liabilities: $7,981,258
- Net Assets: $21,097,526
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.
RELATED ENTITY RENTAL
Revenue
$1,256,390
Organization Details
Founding Year
1967
Phone
(410) 777-2515Principal Officer
Frank Campbell Esq
Main Address
101 COLLEGE PARKWAY, ARNOLD, MD, 21012
Website
www.aacc.edu/foundationNTEE Category
Code: B90 - Education
If you are a representative of Anne Arundel Community College Foundation Inc 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.