Overview
What is Patrick & Henry Community College Foundation?
The Patrick & Henry Community College Foundation is a charitable organization based in Martinsville, Virginia, specifically at 645 Patriot Avenue. Its primary mission is to support Patrick Henry Community College, contributing to its objectives in instruction, research, and public service. The foundation fulfills this role by promoting awareness of the college within the community, acquiring private donations, managing and appreciating funds or assets, and offering scholarships to students, along with other financial aid. In essence, the Patrick & Henry Community College Foundation serves as a vital partner in enhancing the educational opportunities and resources available at the college.
Official website here: www.patrickhenry.edu
What are the reviews and ratings of this charity?
97% rating from Charity Navigator
The Patrick & Henry Community College Foundation has received a stellar Four-Star out of Four Star rating, reflecting its high standards in accountability and finance. With a score of 97%, it demonstrates robust financial health and operational transparency, ensuring that donations are utilized effectively for its programs.
The foundation boasts a fully independent board of directors, with 100% of its 22 members meeting this criterion. It also excels in its governance practices, having implemented policies for conflict of interest, whistleblowing, and document retention, which contribute to its strong oversight.
Additionally, the foundation has an impressive program expense ratio of over 90%, indicating that the majority of its funding directly supports its initiatives. Its extremely low fundraising efficiency ratio further highlights effective cost management, ensuring that a significant portion of contributions goes toward its mission. Overall, the foundation showcases a commitment to ethical practices and financial stewardship.
This AI summary has been generated from information found on Charity Navigator.
Is Patrick & Henry Community College Foundation legitimate?
Patrick & Henry Community College Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Patrick & Henry Community College Foundation 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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Other Salaries and Wages: $343,859
For more financial information, click here
Official website here: www.patrickhenry.edu
What is the mission statement of Patrick & Henry Community College Foundation?
The Patrick & Henry Community College Foundation has a mission to boost community awareness of Patrick Henry Community College. It aims to procure private donations, bequests, and contributions, manage and account for these funds effectively, and help appreciate the monies or property submitted to the foundation. A significant part of its mission involves providing scholarships to students and offering financial aid to the college itself for its primary objectives: instruction, research, and public service. By carrying out these activities, the foundation contributes to the overall development and growth of Patrick Henry Community College.
Official website here: www.patrickhenry.edu
Who is the CEO of Patrick & Henry Community College Foundation?
Carolyn Shough is the Chairman of Patrick & Henry Community College Foundation.
Official website here: www.patrickhenry.edu
What is the revenue of Patrick & Henry Community College Foundation?
Patrick & Henry Community College Foundation's revenue in 2023 was $3,192,343.
Official website here: www.patrickhenry.edu
Who are the executives of Patrick & Henry Community College Foundation and what are their salaries?
Here are 23 key members and their salaries:
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Official website here: www.patrickhenry.edu
Where can I find the form 990 for Patrick & Henry Community College Foundation?
Patrick & Henry Community College Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.patrickhenry.edu
Learn more at the official website: www.patrickhenry.edu
Mission Statement of Patrick & Henry Community College Foundation
The Patrick & Henry Community College Foundation is dedicated to enhancing the community's understanding of Patrick Henry Community College. One of its primary roles is to secure private donations, bequests, and contributions, managing and appreciating the monies or property submitted to the foundation. A significant aspect of its mission is to provide scholarships to students and offer other financial support to Patrick Henry Community College, contributing to the institution's primary missions of instruction, research, and public service. In essence, the Patrick & Henry Community College Foundation works to foster the college's growth and success by mobilizing community support and resources.
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Impact
July, 2024
Patrick & Henry Community College Foundation plays a vital role in enhancing community awareness of Patrick Henry Community College. By securing private contributions, bequests, and donations, the foundation ensures financial support for the college's primary missions of instruction, research, and public service. Through scholarships and other forms of financial assistance, the foundation directly impacts students' ability to access higher education and achieve their academic goals. Additionally, the foundation's philanthropic efforts help to strengthen the overall educational experience provided by Patrick Henry Community College.
This information is meant to be a general summary of Patrick & Henry Community College Foundation. 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: $1,391,645
- Gross Receipts: $3,312,745
Assets and Liabilities:
- Total Assets: $20,138,412
- Total Liabilities: $200,330
- Net Assets: $19,938,082
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Organization Details
Founding Year
1981
Phone
(276) 656-0250Principal Officer
Carolyn Shough
Main Address
645 PATRIOT AVENUE, MARTINSVILLE, VA, 24112
Website
www.patrickhenry.eduNTEE Category
Code: T31 - Philanthropy
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