Overview
What is Vance-Granville Community College Foundation Inc?
Vance-Granville Community College Foundation Inc is a nonprofit organization situated in Henderson, North Carolina. Its primary mission is to support Vance-Granville Community College through various means, including receiving contributions and allocating them to enhance the college's infrastructure, offering educational programs, providing scholarships to high-achieving students, and funding other appropriate activities. By doing so, the foundation aims to contribute to the college's growth and success, ultimately benefiting its students and the local community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87%, Three-Star out of Four Star Rating
Vance-Granville Community College Foundation Inc has received an overall score of 87%, indicative of a solid performance in its operations. The organization has a strong Impact & Measurement Score of 100, suggesting it effectively assesses and demonstrates the impact of its programs. This is particularly significant as it shows the foundation’s commitment to measuring success in a tangible way.
The Accountability & Finance Score of 71 indicates that while the nonprofit is generally well-managed, there may be some areas for improvement in financial transparency or governance practices. However, the foundation's ability to generate more than $1.50 in income for every $1 spent on scholarships is a notable strength, highlighting its efficiency in leveraging resources for student support.
Overall, Vance-Granville Community College Foundation Inc shows promise in its mission to support educational attainment, with a strong emphasis on measuring impact, but should address potential gaps in accountability to enhance its credibility further.
This AI summary has been generated from information found on Charity Navigator.
Is Vance-Granville Community College Foundation Inc legitimate?
Vance-Granville Community College Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vance-Granville 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.
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What is the mission statement of Vance-Granville Community College Foundation Inc?
The Vance-Granville Community College Foundation Inc's primary objective is to collect contributions and allocate them to benefit Vance-Granville Community College. These funds can be utilized for various purposes such as purchasing real or personal property, covering service or instructional costs, providing scholarships to deserving students, and supporting any other suitable activity within the college. The primary aim of these contributions is to advance the educational opportunities and capabilities of Vance-Granville Community College.
Who is the CEO of Vance-Granville Community College Foundation Inc?
Steven Graham is the Treasurer of Vance-Granville Community College Foundation Inc.
What is the revenue of Vance-Granville Community College Foundation Inc?
Vance-Granville Community College Foundation Inc's revenue in 2023 was $1,200,673.
Who are the executives of Vance-Granville Community College Foundation Inc and what are their salaries?
There 20 volunteers at Vance-Granville Community College Foundation Inc.
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Where can I find the form 990 for Vance-Granville Community College Foundation Inc?
Vance-Granville Community College Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Vance-Granville Community College Foundation Inc
Vance-Granville Community College Foundation Inc, as a charitable organization, is primarily established to receive contributions and allocate them for the benefit of Vance-Granville Community College. This foundation's mission is multifaceted; it aims to provide funds for various purposes that directly contribute to the college's activities. These purposes include the acquisition or purchase of real or personal property, paying for services or instruction, and offering scholarships to deserving students who are enrolled at Vance-Granville Community College. Furthermore, the foundation's role extends beyond financial support, as it also provides funds for any other suitable activity that Vance-Granville Community College engages in. This broad mandate allows the foundation to play a crucial role in supporting the college's overall mission and contributing to the success of its students and programs.
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Impact
July, 2024
Vance-Granville Community College Foundation Inc's impact includes providing scholarships to students of VGCC who achieve a high standard of excellence and supporting activities that benefit the college. By receiving contributions and utilizing them to provide funds for scholarships, services, instruction, and other college activities, the foundation plays a crucial role in empowering students to pursue higher education, develop their skills, and contribute positively to their communities. This support not only enhances the educational experience for students at VGCC but also helps in creating opportunities for personal and professional growth.
This information is meant to be a general summary of Vance-Granville 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 2023.
- Investment Income: $825,764
- Gross Receipts: $14,998,503
Assets and Liabilities:
- Total Assets: $9,670,821
- Total Liabilities: $0
- Net Assets: $9,670,821
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Organization Details
Phone
(252) 738-3221Principal Officer
Steven Graham
Main Address
PO BOX 917, HENDERSON, NC, 27536
NTEE Category
Code: B84 - Education
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