Overview
What is Mayland Community College Foundation Inc?
Mayland Community College Foundation Inc, a 501(c)(3) nonprofit organization, is headquartered in Spruce Pine, North Carolina, specifically at 200 Mayland Drive. Their primary mission is to bolster and enhance the operations of Mayland Community College. In line with this mission, they provide financial aid in the form of scholarships, awarding a total of $184,004 to 49 deserving students in 20XX. The Foundation's efforts serve to strengthen the educational opportunities offered by Mayland Community College, thereby contributing to the betterment of the community as a whole.
Official website here: www.mayland.edu/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating 88% - Three-Star out of Four Star Rating
Mayland Community College Foundation Inc has received a Three-Star rating from Charity Navigator, reflecting an impressive 88% score in Accountability & Finance. This high score indicates strong financial health and governance practices, with all board members being independent and a robust oversight committee in place. The organization demonstrates a commitment to transparency by listing its financial statements and policies on its website.
The foundation's financial ratios are particularly notable, showcasing a program expense ratio of 96.17%, which suggests that the majority of its funds are allocated directly to its programs. Additionally, there have been no reported material diversions of assets, indicating sound financial management.
However, the organization does have some areas for improvement, as it is missing a whistleblower policy and a document retention and destruction policy. Addressing these gaps could further enhance its accountability framework and strengthen stakeholder trust. Overall, Mayland Community College Foundation Inc shows a solid commitment to responsible financial practices and program effectiveness.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Mayland Community College Foundation Inc?
86% of 41 reviewers on Facebook recommend Mayland Community College Foundation Inc. Here is a summary of their reviews:
Overall, patrons express positive sentiments regarding the services offered, especially highlighting the professionalism and quality of work provided in the cosmetology program. Many appreciate the dedication of the students and staff to deliver excellent results, contributing to a favorable experience.
While there are limited comments available, the strong recommendation rate reflects a solid satisfaction with the foundation's offerings, suggesting that it effectively meets the needs of its community members.
This AI summary has been generated from reviews found on Facebook.
Is Mayland Community College Foundation Inc legitimate?
Mayland Community College Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mayland 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: $0
For more financial information, click here
Official website here: www.mayland.edu/foundation
What is the mission statement of Mayland Community College Foundation Inc?
The Mayland Community College Foundation, being a non-profit organization under section 501(c)(3), has a mission to bolster and enhance the operations of Mayland Community College. This mission is primarily focused on providing support and strengthening the college's efforts. The organization achieves this by awarding scholarships to eligible students, as demonstrated by their distribution of $184,004 in scholarships to 49 students who applied through their online portal. This financial aid serves to advance the educational opportunities for these students.
Official website here: www.mayland.edu/foundation
Who is the CEO of Mayland Community College Foundation Inc?
Dr John Boyd is the Executive Director of Mayland Community College Foundation Inc.
Official website here: www.mayland.edu/foundation
What is the revenue of Mayland Community College Foundation Inc?
Mayland Community College Foundation Inc's revenue in 2022 was $5,986,643.
Official website here: www.mayland.edu/foundation
Who are the executives of Mayland Community College Foundation Inc and what are their salaries?
There 15 volunteers at Mayland Community College Foundation Inc.
Here are 15 key members and their salaries:
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- Related: $53,026
- Other: $29,760
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- Other: $53,675
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Official website here: www.mayland.edu/foundation
Where can I find the form 990 for Mayland Community College Foundation Inc?
Mayland Community College Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mayland.edu/foundation
Learn more at the official website: www.mayland.edu/foundation
Mission Statement of Mayland Community College Foundation Inc
Mayland Community College Foundation, a recognized 501(c)(3) organization, is dedicated to bolstering and enhancing the efforts of Mayland Community College. Its mission is multifaceted, aiming to provide support, strengthen the institution's capabilities, and foster advancements in its operations. The foundation achieves this mission by awarding scholarships to deserving students. In the 202X fiscal year, it distributed scholarships totaling $184,004 to 49 students who had applied for Mayland Community College scholarships through its online application process. This financial aid enables these students to pursue their educational goals, thereby contributing to the overall growth and development of Mayland Community College. The foundation's mission is pivotal in promoting access to quality education and nurturing the potential of future generations.
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Impact
July, 2024
Mayland Community College Foundation Inc has a significant impact on the community by supporting, strengthening, and advancing the work of Mayland Community College. Specifically, the foundation has awarded $184,004 in scholarships to 49 students through their online application process. This financial support directly benefits students pursuing education at the college, enabling them to further their academic and career goals. The foundation's commitment to providing scholarships contributes to the overall educational attainment and success of students in the community, ultimately shaping a brighter future for individuals and the region as a whole.
This information is meant to be a general summary of Mayland 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: $238,979
- Gross Receipts: $5,986,643
Assets and Liabilities:
- Total Assets: $9,664,041
- Total Liabilities: $217,159
- Net Assets: $9,446,882
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Organization Details
Founding Year
1982
Phone
(828) 766-1275Principal Officer
Dr John Boyd
Main Address
200 Mayland Drive, Spruce Pine, NC, 28777
Website
www.mayland.edu/foundationNTEE Category
Code: B11 - Education
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