Overview
What is Mountain Gateway Community College Educational Foundation Inc?
Mountain Gateway Community College Educational Foundation Inc is a nonprofit organization based in Clifton Forge, Virginia. Its primary mission is to support Mountain Gateway Community College by providing scholarships, grants, and program assistance to students, faculty, and academic departments. The foundation manages approximately 85 endowed and non-endowed scholarship and grant funds, investing in the education of the community college's students. Additionally, the foundation helps purchase new equipment and technology for classrooms and offers faculty grants. With a team of six dedicated individuals, the foundation's purpose is to ensure an accessible and high-quality education for students in the community college's service area.
Official website here: www.mgcc.edu/foundation.html
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Stars
Mountain Gateway Community College Educational Foundation Inc has achieved an impressive 96% overall score, reflecting its strong commitment to accountability and finance. With a Four-Star rating, the organization has demonstrated excellence in key areas such as governance, transparency, and financial health, indicating that it effectively manages its resources and adheres to best practices in nonprofit management.
The foundation boasts an entirely independent board, comprising 19 members, and has a robust system in place for financial oversight, earning perfect scores in several categories, including material diversion of assets and financial statement audits. Additionally, the organization's policies, such as conflict of interest and whistleblower protections, further enhance its credibility and operational integrity.
While the organization excels in its financial ratios, with a program expense ratio of 85.26%, indicating that a significant portion of its budget directly supports its programs, potential donors and stakeholders may wish to monitor ongoing performance and program impacts to ensure sustained effectiveness in fulfilling its mission. Overall, the foundation appears to be a well-managed entity committed to transparency and responsible stewardship of its funds.
This AI summary has been generated from information found on Charity Navigator.
Is Mountain Gateway Community College Educational Foundation Inc legitimate?
Mountain Gateway Community College Educational Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mountain Gateway 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $38,141
Professional Fundraising Fees: $0
Other Salaries and Wages: $81,525
For more financial information, click here
Official website here: www.mgcc.edu/foundation.html
What is the mission statement of Mountain Gateway Community College Educational Foundation Inc?
The Mountain Gateway Community College Educational Foundation Inc's mission is centered around supporting its associated community college. Their primary objective is to assist in providing an accessible and quality education for students within the college's service area. Additionally, the foundation provides faculty grants and invests in new equipment and technology for classroom use. They also offer scholarships, grants, and program support to students, faculty, and academic departments of Mountain Gateway Community College. The foundation manages approximately 85 endowed and non-endowed scholarship and grant funds, although the expense totals do not include the value of donated facilities.
Official website here: www.mgcc.edu/foundation.html
Who is the CEO of Mountain Gateway Community College Educational Foundation Inc?
Amy Phillips is the Secretary of Mountain Gateway Community College Educational Foundation Inc.
Official website here: www.mgcc.edu/foundation.html
What is the revenue of Mountain Gateway Community College Educational Foundation Inc?
Mountain Gateway Community College Educational Foundation Inc's revenue in 2022 was $1,206,418.
Official website here: www.mgcc.edu/foundation.html
Who are the executives of Mountain Gateway Community College Educational Foundation Inc and what are their salaries?
The average compensation at Mountain Gateway Community College Educational Foundation Inc during 2022 was $19,944. There are 6 employees and 19 volunteers at Mountain Gateway Community College Educational Foundation Inc.
Here are 23 key members and their salaries:
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- Related: $170,000
- Other: $42,000
- Compensation: $4,673
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- Other: $3,547
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- Compensation: $2,859
- Related: $1,906
- Other: $1,376
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- Compensation: $30,609
- Related: $16,481
- Other: $24,838
Official website here: www.mgcc.edu/foundation.html
Where can I find the form 990 for Mountain Gateway Community College Educational Foundation Inc?
Mountain Gateway Community College Educational Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mgcc.edu/foundation.html
Learn more at the official website: www.mgcc.edu/foundation.html
Mission Statement of Mountain Gateway Community College Educational Foundation Inc
Mountain Gateway Community College Educational Foundation Inc is committed to supporting Mountain Gateway Community College by aiding in the provision of an accessible, high-quality education for students within its service area. The foundation accomplishes this mission in various ways. It grants scholarships and financial aid to students, thereby ensuring affordability for higher education. Additionally, the foundation provides faculty grants, enabling educators to further their knowledge and implement innovative teaching methods. Lastly, the foundation invests in new equipment and technology for classrooms, enhancing the learning experience for students. Overall, Mountain Gateway Community College Educational Foundation Inc plays a crucial role in enriching the educational experience at Mountain Gateway Community College, making quality education more accessible for its students.
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Impact
July, 2024
Mountain Gateway Community College Educational Foundation Inc plays a vital role in supporting Mountain Gateway Community College by helping to provide an accessible, quality education for students in its service area. The foundation focuses on providing scholarships, grants, and program support to students, faculty, and academic departments of the college. Through the administration of approximately 85 endowed and non-endowed scholarship and grant funds, the foundation contributes to enhancing educational opportunities for individuals in the community. Additionally, it facilitates the purchase of new equipment and technology for classroom use, further enriching the learning environment at the college. Overall, the impact of Mountain Gateway Community College Educational Foundation Inc is significant in ensuring students have the necessary resources to succeed in their academic pursuits.
This information is meant to be a general summary of Mountain Gateway 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: $235,005
- Gross Receipts: $1,369,969
Assets and Liabilities:
- Total Assets: $8,824,532
- Total Liabilities: $143,354
- Net Assets: $8,681,178
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Organization Details
Phone
(540) 863-2837Principal Officer
Amy Phillips
Main Address
1000 COLLEGE DRIVE, CLIFTON FORGE, VA, 24422
Website
www.mgcc.edu/foundation.htmlNTEE Category
Code: T31 - Philanthropy
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