Overview
What is Norfolk Collegiate Educational Foundation?
The Norfolk Collegiate Educational Foundation is a charitable organization situated in Norfolk, Virginia, with a specific address at 7336 Granby Street, VA 23505. Their primary mission involves fundraising for scholarships and financial aid assistance for underprivileged students at Norfolk Collegiate School and other partner institutions, as per the guidelines set by Section 501(C)(3) of the Internal Revenue Code. Furthermore, they also manage endowment funds and distribute funds to other qualifying organizations to support their exempt purposes.
Is Norfolk Collegiate Educational Foundation legitimate?
Norfolk Collegiate Educational Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Norfolk Collegiate Educational 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Norfolk Collegiate Educational Foundation?
The Norfolk Collegiate Educational Foundation's mission involves raising funds to provide scholarship assistance for low-income and impoverished students. Additionally, they maintain endowment funds and distribute these funds to organizations under Section 501(C)(3) of the Internal Revenue Code, all in an effort to further the exempt purpose of the organization. The foundation also donates funds to Norfolk Collegiate School and other partner schools for need-based financial aid. In essence, their primary goal is to support underprivileged students by providing them with financial aid, thereby enabling their access to education.
Who is the CEO of Norfolk Collegiate Educational Foundation?
Robert Mcfarland is the President of Norfolk Collegiate Educational Foundation.
What is the revenue of Norfolk Collegiate Educational Foundation?
Norfolk Collegiate Educational Foundation's revenue in 2022 was $19,092.
Who are the executives of Norfolk Collegiate Educational Foundation and what are their salaries?
There 4 volunteers at Norfolk Collegiate Educational Foundation.
Here are 4 key members and their salaries:
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Where can I find the form 990 for Norfolk Collegiate Educational Foundation?
Norfolk Collegiate Educational Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Norfolk Collegiate Educational Foundation
The Norfolk Collegiate Educational Foundation is committed to raising funds for a noble cause. Its primary mission is to provide scholarship assistance for low-income and impoverished students. Beyond this, the foundation also works towards maintaining endowment funds and distributing funds to other organizations falling under the 501(C)(3) section of the Internal Revenue Code, with the aim of furthering the exempt purpose of the organization. This multi-faceted approach allows the Norfolk Collegiate Educational Foundation to make a significant impact in the educational sphere, helping deserving students who may otherwise struggle to afford their education.
In addition to its scholarship assistance program, the Norfolk Collegiate Educational Foundation also grants funds to Norfolk Collegiate School and other partner schools for need-based financial aid. This initiative ensures that deserving students, regardless of their financial circumstances, have the opportunity to receive a quality education. By providing this support, the foundation is playing a pivotal role in shaping the future of its community, one student at a time. The Norfolk Collegiate Educational Foundation's mission is a testament to its commitment to education and its belief in the transformative power of learning.
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Impact
August, 2024
Norfolk Collegiate Educational Foundation's impact is focused on providing scholarship assistance for low-income and impoverished students. Through fundraising efforts and the maintenance of endowment funds, the foundation supports Norfolk Collegiate School and other partner schools by granting need-based financial aid. This helps ensure that students who may not have the financial means to access quality education are provided with the opportunity to learn and grow. The foundation's work aligns with its mission of supporting education and philanthropy, making a meaningful difference in the lives of young individuals in Norfolk, VA, and beyond.
This information is meant to be a general summary of Norfolk Collegiate Educational 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 2022.
- Investment Income: $3
- Gross Receipts: $19,092
Assets and Liabilities:
- Total Assets: $18,955
- Total Liabilities: $7,600
- Net Assets: $11,355
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Organization Details
Founding Year
1997
Phone
(757) 480-2885Principal Officer
Robert Mcfarland
Main Address
7336 GRANBY STREET, NORFOLK, VA, 23505
NTEE Category
Code: T20 - Philanthropy
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