Overview
What is The College Of The Albemarle Foundation Inc?
The College of the Albemarle Foundation Inc is a nonprofit organization situated in Elizabeth City, North Carolina. Its primary purpose is to bolster education within the community, primarily supporting the College of the Albemarle. Last year, the foundation reported an impressive revenue of $1,101,684. Their activities primarily focus on backing the initiatives of the College of the Albemarle, contributing to its growth and development in various ways.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Star rating)
The College Of The Albemarle Foundation Inc has achieved a solid rating of 86%, which indicates a good level of accountability and financial health. The organization benefits from 100% independent board members, demonstrating a strong commitment to governance and oversight. Additionally, with no reported material diversion of assets and a favorable liabilities to assets ratio of 0.07%, the foundation appears to be well-managed in terms of its financial responsibilities.
Strengths of the organization include its high program expense ratio of 74.31%, which suggests that a significant portion of its funds is directed toward programs and services rather than administrative costs. The foundation also demonstrates effective governance practices through the presence of an audit and oversight committee and a conflict of interest policy, which are critical for maintaining transparency and trust with stakeholders.
However, there are some limitations to note, such as the absence of a whistleblower policy and a document retention and destruction policy, both of which received zero points in the rating system. While these gaps do not significantly diminish the overall rating, they highlight areas where the foundation could enhance its governance practices to ensure full accountability.
This AI summary has been generated from information found on Charity Navigator.
Is The College Of The Albemarle Foundation Inc legitimate?
The College Of The Albemarle Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The College Of The Albemarle 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: $273,198
For more financial information, click here
What is the mission statement of The College Of The Albemarle Foundation Inc?
The mission of The College of The Albemarle Foundation Inc, as stated, is centered around supporting the educational initiatives of The College of the Albemarle. This non-profit organization aims to provide financial assistance and single-organization support to enhance the educational experience. Last year, they managed to generate a total revenue of $1,101,684, demonstrating their significant role in the educational sector. However, the provided information does not specify the exact nature or scope of the support they provide.
Who is the CEO of The College Of The Albemarle Foundation Inc?
Will Norrell is the President of The College Of The Albemarle Foundation Inc.
What is the revenue of The College Of The Albemarle Foundation Inc?
The College Of The Albemarle Foundation Inc's revenue in 2023 was $1,286,912.
Who are the executives of The College Of The Albemarle Foundation Inc and what are their salaries?
Here are 16 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The College Of The Albemarle Foundation Inc?
The College Of The Albemarle Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of The College Of The Albemarle Foundation Inc
The College of the Albemarle Foundation Inc is an organization dedicated to supporting the educational endeavors of The College of the Albemarle. Its mission is centered around providing financial assistance and single-organization support. With a significant annual revenue of $1,101,684, this foundation plays a crucial role in enhancing the educational opportunities available at the college. By offering its support, The College of the Albemarle Foundation Inc contributes to the overall success and development of the educational institution, thereby benefiting the wider community.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
The impact of The College Of The Albemarle Foundation Inc is focused on supporting programs of the College of the Albemarle, with a mission to provide education and organizational support. In the past year, it generated $1,101,684 in total revenues. The Foundation, located in Elizabeth City, NC, plays a vital role in advancing education and enhancing opportunities for students in the community. Through its support, it contributes to the growth and development of individuals pursuing academic and career goals.
This information is meant to be a general summary of The College Of The Albemarle 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: $420,457
- Gross Receipts: $3,253,611
Assets and Liabilities:
- Total Assets: $10,620,521
- Total Liabilities: $8,072
- Net Assets: $10,612,449
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1980
Phone
(252) 335-0821Principal Officer
Will Norrell
Main Address
PO BOX 2327, ELIZABETH CITY, NC, 27906
NTEE Category
Code: B114 - Education
If you are a representative of The College Of The Albemarle Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.