Overview
What is Access College Foundation?
Access College Foundation is a nonprofit organization located in Norfolk, Virginia, dedicated to supporting high school students and college-bound individuals from low-income families in the Hampton Roads and North Hampton County areas. Their primary mission involves providing postsecondary education planning services, including college and postsecondary training preparation, college application and testing fee payments, guidance through the admissions process, and college tours. They also assist in leveraging financial aid, scholarships, and grants to help students attend college or other postsecondary training. The foundation serves over 4,000 students annually, with 70% of them belonging to families whose annual household income falls below 300% of the federal poverty guidelines. They engage in early college awareness activities with middle school students, starting from the 7th and 8th grades, and follow them through high school. The foundation's services are provided both in person and virtually, ensuring accessibility for all students. With a team of 53 employees, Access College Foundation is committed to helping low-income students navigate their educational paths and achieve their academic goals.
Official website here: www.accesscollege.org
What are the reviews and ratings of this charity?
**Rating: 99% (Four-Star out of Four Star Rating from Charity Navigator)**
Access College Foundation has achieved an impressive Four-Star rating, showcasing its outstanding performance in accountability and finance. The organization boasts a 100% score in Accountability & Finance, indicating robust financial management and transparency. With a high percentage of independent members on the board and no material diversions of assets, the foundation demonstrates a strong commitment to ethical governance.
Notably, the foundation maintains a high program expense ratio of 76.78%, reflecting its dedication to allocating funds toward its mission rather than administrative costs. It also has a commendable fundraising efficiency ratio, signifying effective use of donations. Despite a significant salary for its president, the organization still manages a favorable working capital ratio, ensuring long-term sustainability.
User reviews from GreatNonprofits could not be fetched, but the overall data emphasizes Access College Foundation's strengths in fiscal responsibility and governance practices. However, potential donors or supporters may want to inquire further about the organization's on-the-ground effectiveness and branding to gather a complete picture.
This AI summary has been generated from information found on Charity Navigator.
Is Access College Foundation legitimate?
Access College Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Access 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:
Executive Compensation: $258,098
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,484,304
For more financial information, click here
Official website here: www.accesscollege.org
What is the mission statement of Access College Foundation?
The Access College Foundation's mission is to assist students in public high schools from S. Hampton Roads and N. Hampton County in pursuing higher education or post-secondary training. They provide advisory services for educational planning, application processes, and financial aid, as well as career assistance and opportunities. These services are offered both in-person and virtually. In 2022, over 4,793 high school juniors, seniors, and college students received post-secondary education planning, with 71% of them being from low-income families. The foundation also focuses on early college awareness, targeting middle school students from low-income families, and providing them with information and resources to prepare for higher education.
Official website here: www.accesscollege.org
Who is the CEO of Access College Foundation?
Bonnie Sutton is the President And Ceo of Access College Foundation. The CEO's salary of Access College Foundation is $249,293 and their total compensation is $258,098.
Official website here: www.accesscollege.org
What is the revenue of Access College Foundation?
Access College Foundation's revenue in 2023 was $8,084,908.
Official website here: www.accesscollege.org
Who are the executives of Access College Foundation and what are their salaries?
The average compensation at Access College Foundation during 2023 was $51,743. There are 53 employees and 56 volunteers at Access College Foundation.
Here are 37 key members and their salaries (Access College Foundation's CEO's salary is $249,293 and their total compensation is $258,098):
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Official website here: www.accesscollege.org
Where can I find the form 990 for Access College Foundation?
Access College Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.accesscollege.org
Learn more at the official website: www.accesscollege.org
Mission Statement of Access College Foundation
Access College Foundation, a nonprofit organization, is dedicated to assisting students in public high schools from S. Hampton Roads and N. Hampton County in pursuing higher education or post-secondary training. The foundation's mission is to provide advisory services for post-secondary educational planning, aid in the application and financial aid processes, and offer career assistance and opportunities for students completing certification degrees or programs. These services were offered both in person and virtually/remotely in 2021 and 2022.
During these years, Access College Foundation served over 4,793 high school juniors, seniors, and college students in 2022, and 3,944 in 2021. A significant portion of these students, 71% in 2022 and 73% in 2021, were verified to be from low-income families based on federal poverty guidelines. The foundation's services include college and post-secondary training preparation and success, college application/testing fee payments, guidance through the admissions process, college tours, and the leveraging of financial aid, scholarships, and grants. The foundation also helps students complete a "fee waiver application" at the beginning of the school year to determine their level of poverty and provides fee waivers and payment assistance.
The foundation's primary focus is on low-income students who may not otherwise have access to higher education, and it begins laying the groundwork for early college awareness and readiness activities for middle school students in the 7th and 8th grades, following them through high school in the 9th and 10th grades. Much of this work is done in group settings, and while the mission is to serve low-income students, other students may also benefit from the activities provided in these settings.
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Impact
July, 2024
Access College Foundation's impact is significant in helping students in Hampton Roads and North Hampton County go to college or pursue other postsecondary training. The foundation provides postsecondary education planning services to a large number of high school juniors, seniors, and college students, with a focus on those from low-income families. These services include college and postsecondary training preparation, assistance with college applications and testing fees, guidance through the admissions process, college tours, and support in accessing financial aid, scholarships, and grants. By targeting students from low-income families and providing early college awareness activities to middle and high school students, Access College Foundation plays a crucial role in increasing access to higher education for underserved populations.
This information is meant to be a general summary of Access 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: $1,217,241
- Gross Receipts: $24,156,419
Assets and Liabilities:
- Total Assets: $68,748,416
- Total Liabilities: $308,766
- Net Assets: $68,439,650
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Organization Details
Founding Year
1987
Phone
(757) 962-6113Principal Officer
Bonnie Sutton
Main Address
2555 Ellsmere Avenue Suite 110, Norfolk, VA, 23513
Website
www.accesscollege.orgNTEE Category
Code: B82Z - Education
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