Overview
What is Cape Fear Community College Foundation Inc?
Cape Fear Community College Foundation Inc, situated in Wilmington, North Carolina, serves as a vital nonprofit organization. Its primary mission is to provide financial assistance in the form of scholarships to students attending Cape Fear Community College. Additionally, the foundation offers mini-grants to instructors, based on predetermined criteria. These initiatives aim to support the academic programs and enrich the educational experience at the college. By providing these resources, Cape Fear Community College Foundation Inc plays an essential role in fostering academic success and empowering students and educators within the community.
Official website here: www.cfcc.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% - Four-Star out of Four Star rating
The Cape Fear Community College Foundation Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The foundation's overall score is entirely derived from its accountability measures, highlighting its commitment to transparency and responsible financial management.
Notable strengths include a majority independent board, effective audit oversight, and a solid financial structure, as indicated by a low liability-to-asset ratio and efficient program expenses. The organization excels in fundraising efficiency, maintaining a low cost per dollar raised, which demonstrates its ability to maximize donor contributions for its programs.
While the data does not indicate any significant limitations, the foundation's focus on maintaining rigorous financial oversight and governance practices positions it well for continued success and trust among its supporters. Prospective donors can feel confident in the foundation’s operational integrity and its dedication to serving the community effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Cape Fear Community College Foundation Inc legitimate?
Cape Fear Community College Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cape Fear 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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Official website here: www.cfcc.edu
What is the mission statement of Cape Fear Community College Foundation Inc?
Cape Fear Community College Foundation Inc's mission is centered around providing financial assistance to college students and supporting the initiatives of Cape Fear Community College. This is achieved through the distribution of scholarships to deserving students and offering mini-grants to instructors, all based on predefined criteria. The foundation's primary goal is to contribute to the academic growth and success of students, while also enhancing the educational programs offered by the college. By providing scholarships, the foundation aims to make higher education more accessible and affordable for many, thereby empowering students to pursue their academic dreams. Additionally, the mini-grants for instructors help in fostering a conducive learning environment and encouraging innovative teaching methods.
Official website here: www.cfcc.edu
What is the revenue of Cape Fear Community College Foundation Inc?
Cape Fear Community College Foundation Inc's revenue in 2024 was $15,132,930.
Official website here: www.cfcc.edu
Who are the executives of Cape Fear Community College Foundation Inc and what are their salaries?
There 18 volunteers at Cape Fear Community College Foundation Inc.
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Official website here: www.cfcc.edu
Where can I find the form 990 for Cape Fear Community College Foundation Inc?
Cape Fear Community College Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.cfcc.edu
Learn more at the official website: www.cfcc.edu
Mission Statement of Cape Fear Community College Foundation Inc
Cape Fear Community College Foundation Inc is dedicated to providing financial aid and support for students attending Cape Fear Community College. Their primary mission is to award scholarships to deserving students and offer mini-grants to instructors, based on predefined criteria. By doing so, they aim to make higher education more accessible and affordable for a wider range of individuals, thereby contributing to the overall growth and development of the student body and the community at large. Additionally, the foundation supports various programs at Cape Fear Community College, ensuring that the institution remains equipped to meet the evolving needs of its students and the community it serves.
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Impact
July, 2024
Cape Fear Community College Foundation Inc's impact is significant in providing scholarships for college students and supporting the programs of Cape Fear Community College. The foundation offers scholarships to students at Cape Fear Community College and provides mini-grants to instructors based on documented criteria. This support plays a crucial role in facilitating access to education for students and enhancing the quality of programs at the college. By focusing on education through scholarships and program support, Cape Fear Community College Foundation Inc contributes to the academic and personal growth of individuals in the community.
This information is meant to be a general summary of Cape Fear 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 2024.
- Investment Income: $731,724
- Gross Receipts: $28,756,736
Assets and Liabilities:
- Total Assets: $19,282,538
- Total Liabilities: $110,780
- Net Assets: $19,171,758
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Organization Details
Founding Year
1969
Principal Officer
Dr Janie Canty-Mitchell
Website
www.cfcc.eduNTEE Category
Code: B20 - Education
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