Overview
What is Central Piedmont Community College Foundation Inc?
The Central Piedmont Community College Foundation Inc, based in Charlotte, North Carolina, focuses on eliminating financial barriers for students by securing philanthropic support. Through scholarships, the Foundation makes the college accessible to those in need. These scholarships include opportunities for economically-challenged students, high-performing under-resourced students, transfer students, and career-focused individuals. The Foundation's work is funded by both designated expendable and endowed support. In fiscal year 2022, over 3,400 scholarships were funded. To address the challenges faced by low-income, at-risk students, the Foundation expanded Central Piedmont's Student Emergency Fund, which provides one-time grants for emergencies and unexpected expenses. In 2022, the Foundation loaned Chromebooks and WiFi to over 700 students and employees, and worked with the Single Stop Office to provide $500 one-time student emergency grants. The Foundation's mission is to generate private financial support for Central Piedmont Community College.
Official website here: www.cpccfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 97%
Central Piedmont Community College Foundation Inc has achieved an impressive Four-Star out of Four Star rating from Charity Navigator, reflecting its high level of accountability and financial management. The organization's overall score of 97% is derived entirely from its accountability and finance metrics, indicating a strong commitment to transparency and responsible stewardship of funds.
The foundation boasts a perfect score in several key areas, including independent board member representation, financial oversight, and the absence of asset diversion. Additionally, its program expense ratio of 83.08% demonstrates a significant focus on direct program services, while its remarkably low fundraising efficiency ratio highlights effective cost management in fundraising efforts.
While the foundation shows exceptional performance in financial accountability, there are no noted limitations in the available data, signifying a robust organizational health and operational integrity. Overall, the Central Piedmont Community College Foundation Inc exemplifies a well-managed nonprofit dedicated to supporting educational initiatives.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Central Piedmont Community College Foundation Inc?
80% of 692 reviewers on Facebook recommend the Central Piedmont Community College Foundation Inc. Many individuals express a positive sentiment regarding the institution's support for military veterans, highlighting it as one of the best two-year colleges in North Carolina.
Comments focus on the dedicated services provided, suggesting that the college stands out for its comprehensive approach to assisting veterans. Reviewers appreciate the commitment of the staff and the resources available, enhancing the educational experience for those they serve.
Overall, the feedback reflects a strong endorsement of the college, emphasizing its reputation for quality education and tailored support for veterans.
This AI summary has been generated from reviews found on Facebook.
Is Central Piedmont Community College Foundation Inc legitimate?
Central Piedmont Community College Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Central Piedmont Community College 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $70,691
For more financial information, click here
Official website here: www.cpccfoundation.org
What is the mission statement of Central Piedmont Community College Foundation Inc?
The Central Piedmont Community College Foundation's mission is to generate private financial support, enhancing Central Piedmont Community College's ability to expand opportunities for students. By securing philanthropic funds, the Foundation removes financial barriers for students in need, enabling them to pursue education. The Foundation supports a range of scholarships, including opportunities for economically-challenged students and high-performing, under-resourced students. In fiscal year 2022, more than 3,400 scholarships were funded. The Foundation also expands the college's student emergency fund, addressing obstacles to completion by providing one-time grants for unexpected expenses. In 2022, the Foundation supported and loaned Chromebooks and Wi-Fi to over 700 students and employees and provided one-time emergency grants of $500 per student.
Official website here: www.cpccfoundation.org
Who is the CEO of Central Piedmont Community College Foundation Inc?
Michael W Whiteman is the President of Central Piedmont Community College Foundation Inc.
Official website here: www.cpccfoundation.org
What is the revenue of Central Piedmont Community College Foundation Inc?
Central Piedmont Community College Foundation Inc's revenue in 2022 was $21,368,491.
Official website here: www.cpccfoundation.org
Who are the executives of Central Piedmont Community College Foundation Inc and what are their salaries?
The average compensation at Central Piedmont Community College Foundation Inc during 2022 was $14,138. There are 5 employees and 80 volunteers at Central Piedmont Community College Foundation Inc.
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Official website here: www.cpccfoundation.org
Where can I find the form 990 for Central Piedmont Community College Foundation Inc?
Central Piedmont Community College Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cpccfoundation.org
Learn more at the official website: www.cpccfoundation.org
Mission Statement of Central Piedmont Community College Foundation Inc
Central Piedmont Community College Foundation, a philanthropic organization, is dedicated to raising private financial support that bolsters the mission of Central Piedmont Community College. Through various scholarship programs, the Foundation removes financial barriers and broadens access to opportunities for students in need.
The Foundation's impactful scholarship initiatives include Opportunity Scholarships for students from underprivileged schools and neighborhoods, Presidential Scholarships for academically gifted, under-resourced students, Transfer Scholarships for students preparing for a four-year degree, and Career-Focused Scholarships for students intending to enter the workforce upon graduation. These resources are funded through designated expendable and endowed support. In the fiscal year 2022, the Foundation sponsored over 3,400 scholarships.
Moreover, the Foundation is committed to expanding the College's Student Emergency Fund. This essential resource serves low-income, at-risk students by offering one-time grants to help cover emergencies and unforeseen expenses, including those brought about or worsened by the COVID-19 pandemic. In 2022, the Foundation assisted in the loan of Chromebooks and WiFi to more than 700 students and employees. Furthermore, in collaboration with the College's Single Stop Office, the Foundation provided one-time student emergency grants of $500 per student for those requiring assistance.
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Impact
October, 2024
Central Piedmont Community College Foundation Inc significantly impacts the education landscape by removing financial barriers and expanding access to opportunities for students in Charlotte, NC. Through its initiatives, the foundation secures philanthropic support to fund scholarships that assist students with financial needs. This includes a variety of scholarship programs such as Opportunity Scholarships for students from economically challenged high schools, Presidential Scholarships for high-performing under-resourced students, and Transfer Scholarships for those aiming for a four-year degree. In total, the foundation funded over 3,400 scholarships in the fiscal year 2022 alone.
Furthermore, the foundation addresses urgent needs through its Student Emergency Fund, which provides crucial one-time grants to low-income, at-risk students facing unexpected financial challenges. This support is vital for enhancing student persistence and completion rates, particularly during difficult times such as those caused by the COVID-19 pandemic. In 2022, in response to the growing need for technology access, the foundation also assisted in providing Chromebook loans and Wi-Fi access to over 700 students and employees, ensuring that educational opportunities continue uninterrupted.
By generating private financial support, the foundation plays a pivotal role in enhancing the mission of Central Piedmont Community College, ultimately leading to greater educational attainment and workforce readiness within the community.
This information is meant to be a general summary of Central Piedmont Community College 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: $332,445
- Program Service Revenue: $256,667
- Gross Receipts: $31,210,712
Assets and Liabilities:
- Total Assets: $81,353,423
- Total Liabilities: $2,002,064
- Net Assets: $79,351,359
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME FROM AFFILIATE
Revenue
$256,667
Organization Details
Founding Year
1965
Phone
(704) 330-6869Principal Officer
Michael W Whiteman
Main Address
P O BOX 35009, CHARLOTTE, NC, 28235
Website
www.cpccfoundation.orgNTEE Category
Code: B110 - Education
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