Overview
What is Danville Community College Educational Foundation Inc?
Danville Community College Educational Foundation Inc is a charitable organization situated at 1008 South Main Street, Danville, Virginia. Its primary purpose is to support the educational journey of Danville Community College (DCC) students. This includes providing scholarship funding to DCC students and offering graduation scholarships to those who pursue higher education at four-year institutions following their graduation from DCC. The foundation's mission is to enhance the academic excellence of DCC and improve its capacity to serve the local community. To achieve this, the foundation engages in various activities such as awarding student scholarships, funding professional development for faculty and staff, ensuring instructional equipment stays updated, strengthening academic programs, and encouraging cultural activities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Stars)
Danville Community College Educational Foundation Inc has received an 84% rating from Charity Navigator, indicating a solid performance in accountability and finance. The score reflects a commitment to transparency and effective governance, with a fully independent board of directors and robust financial oversight, as evidenced by their high scores in several key areas.
The organization demonstrates strong financial health, with a low liabilities to assets ratio of just 0.50%, signaling stability. Additionally, they allocate a significant portion of their budget—68.70%—toward program expenses, underscoring their focus on fulfilling their mission. They also have mechanisms in place for conflict of interest management and maintain thorough documentation of board activities.
While the foundation shows strengths in governance and financial management, the single-beacon score suggests that there may be areas for improvement in other performance metrics that could enhance their overall impact and outreach.
This AI summary has been generated from information found on Charity Navigator.
Is Danville Community College Educational Foundation Inc legitimate?
Danville Community College Educational Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Danville Community College Educational 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.
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What is the mission statement of Danville Community College Educational Foundation Inc?
The Danville Community College Educational Foundation Inc was established with a mission to enhance the academic excellence of Danville Community College and improve its capacity to serve the community. The foundation's objectives include awarding scholarships to students, providing professional development opportunities for faculty and staff, ensuring instructional equipment stays updated with technological advancements, strengthening academic programs, and promoting cultural activities. In essence, the foundation aims to support the college in delivering quality education and fostering a vibrant learning environment.
Who is the CEO of Danville Community College Educational Foundation Inc?
Shannon Hair is the Immediate Past Chair of Danville Community College Educational Foundation Inc.
What is the revenue of Danville Community College Educational Foundation Inc?
Danville Community College Educational Foundation Inc's revenue in 2022 was $1,971,956.
Who are the executives of Danville Community College Educational Foundation Inc and what are their salaries?
There 20 volunteers at Danville Community College Educational Foundation Inc.
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- Related: $108,205
- Other: $27,336
Where can I find the form 990 for Danville Community College Educational Foundation Inc?
Danville Community College Educational Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Danville Community College Educational Foundation Inc
Danville Community College Educational Foundation Inc, established with the mission to enhance the academic excellence of Danville Community College, strives to improve the college's capacity to serve its local community. The foundation's objectives are multifaceted, encompassing the awarding of scholarships to deserving students, providing professional development opportunities for faculty and staff, ensuring that instructional equipment keeps pace with technological advancements, strengthening the academic programs, and promoting cultural activities. By undertaking these initiatives, Danville Community College Educational Foundation Inc aims to contribute to the overall development and progress of Danville Community College, thereby benefiting the citizens of the area in accordance with the college's mission.
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Impact
July, 2024
Danville Community College Educational Foundation Inc's impact is significant in providing educational assistance to students of Danville Community College. The foundation plays a crucial role in enhancing academic excellence at the college and improving its ability to serve the citizens of the area in accordance with the college's mission. This is achieved through various objectives, including awarding student scholarships, providing professional development for faculty and staff, ensuring instructional equipment keeps pace with technological changes, strengthening academic programs, and encouraging cultural activities. By offering scholarship funding to DCC students and graduation scholarships for those continuing their education at four-year institutions, the foundation contributes to the educational advancement of students and the overall success of the college.
This information is meant to be a general summary of Danville Community College Educational 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: $617,207
- Gross Receipts: $2,761,099
Assets and Liabilities:
- Total Assets: $13,887,652
- Total Liabilities: $21,655
- Net Assets: $13,865,997
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Organization Details
Founding Year
1982
Phone
(434) 797-8495Principal Officer
Shannon Hair
Main Address
1008 SOUTH MAIN STREET, DANVILLE, VA, 24541
NTEE Category
Code: B84 - Education
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