Overview
What is Alamance Community College Foundation Inc?
Alamance Community College Foundation Inc is a charitable organization located in Graham, North Carolina. Its primary mission is to assist financially challenged students in pursuing their educational objectives at Alamance Community College. In 2021, the foundation awarded scholarships to 536 students, covering tuition, books, and supplies. The scholarships are primarily needs-based, with a few merit-based awards. Furthermore, the foundation provides in-kind contributions to cover expenses related to shared employees employed by the college. The Alamance Community College Foundation's purpose is to enhance educational opportunities for residents of Alamance County, thereby promoting overall community development.
Official website here: www.accfoundation.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
Alamance Community College Foundation Inc has achieved a perfect score of 100%, reflecting its strong commitment to accountability and financial management. This high rating indicates that the organization adheres to rigorous standards in managing its finances and governance, which is crucial for fostering trust among donors and stakeholders.
The foundation boasts a fully independent board of directors, with 32 members, ensuring diverse perspectives in decision-making. It has successfully established comprehensive policies regarding conflict of interest, whistleblower protections, and document retention, contributing to its strong governance framework. Additionally, the foundation demonstrates exceptional financial health, with a remarkably low liabilities-to-assets ratio and a high program expense ratio, signifying that the majority of its funds are directed towards its mission.
One notable strength is the foundation's fundraising efficiency, with a minimal cost per dollar raised, indicating effective use of resources. While there are no significant limitations reported, it is important for potential donors to consider the foundation's ongoing efforts in maintaining transparency and effective communication regarding its impact and programs. Overall, the Alamance Community College Foundation Inc exemplifies a high standard of nonprofit excellence.
This AI summary has been generated from information found on Charity Navigator.
Is Alamance Community College Foundation Inc legitimate?
Alamance Community College Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alamance 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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For more financial information, click here
Official website here: www.accfoundation.com
What is the mission statement of Alamance Community College Foundation Inc?
The Alamance Community College Foundation's mission is to assist students with demonstrated financial needs in achieving their educational goals, thereby supporting the mission of Alamance Community College. In 2021, 536 students benefited from scholarships that covered tuition, books, and supplies. The majority of these scholarships are need-based, with a few merit-based. The primary objective is to promote access to higher education for all qualified residents of Alamance County. Furthermore, the foundation provides in-kind contributions, amounting to $307,002, to cover expenses for shared employees who work at Alamance Community College.
Official website here: www.accfoundation.com
Who is the CEO of Alamance Community College Foundation Inc?
Charlie R Harris is the Treasurer of Alamance Community College Foundation Inc.
Official website here: www.accfoundation.com
What is the revenue of Alamance Community College Foundation Inc?
Alamance Community College Foundation Inc's revenue in 2022 was $2,074,431.
Official website here: www.accfoundation.com
Who are the executives of Alamance Community College Foundation Inc and what are their salaries?
There 50 volunteers at Alamance Community College Foundation Inc.
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Official website here: www.accfoundation.com
Where can I find the form 990 for Alamance Community College Foundation Inc?
Alamance Community College Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.accfoundation.com
Learn more at the official website: www.accfoundation.com
Mission Statement of Alamance Community College Foundation Inc
The Alamance Community College Foundation Inc, in its mission, aims to assist students with a demonstrated financial need in achieving their educational goals. This nonprofit organization supports the mission of Alamance Community College by providing scholarships that cover tuition, books, and supplies. The majority of these scholarships are need-based, with a few merit-based, with the ultimate objective being to ensure access to higher education for all qualified residents of Alamance County. Furthermore, the Foundation contributes in-kind, amounting to $307,002, towards expenses for shared employees who work for Alamance Community College. This commitment to student success and educational accessibility reflects the Alamance Community College Foundation Inc's dedication to its community's future.
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Impact
July, 2024
Alamance Community College Foundation Inc's impact is profound in aiding students with demonstrated financial need to reach their educational goals. In 2021 alone, 536 students were recipients of scholarships that covered tuition, books, and supplies. These scholarships are mostly need-based, with some merit-based opportunities as well. The foundation's objective is to ensure that all qualified residents of Alamance County have access to college education. In addition, the foundation's in-kind contribution of $307,002 supported shared employees employed by Alamance Community College, furthering their mission of supporting educational pursuits.
This information is meant to be a general summary of Alamance 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: $525,917
- Gross Receipts: $2,074,431
Assets and Liabilities:
- Total Assets: $17,921,377
- Total Liabilities: $196,903
- Net Assets: $17,724,474
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Organization Details
Founding Year
1982
Phone
(336) 506-4128Principal Officer
Charlie R Harris
Main Address
PO Box 8000, Graham, NC, 27253
Website
www.accfoundation.comNTEE Category
Code: B11 - Education
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