Overview
What is New College Foundation Inc?
New College Foundation Inc, situated in Sarasota, Florida, is a dedicated nonprofit organization with a mission to support the priorities of New College of Florida, Florida's designated honors college. By cultivating and stewarding donors and managing assets prudently, they secure financial aid for academically talented students, enabling them to benefit from a personalized educational approach. This scholarship support allows these students to flourish and reach their full potential, preparing them for leadership roles in various scholarly, civic, artistic, and commercial endeavors. Currently, the foundation employs 14 individuals, dedicated to their cause.
Official website here: www.ncf.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating 97% - Four-Star out of Four Stars ating
New College Foundation Inc has achieved an impressive Four-Star rating on Charity Navigator, reflecting a strong commitment to accountability and financial management. The organization scored 97% in the Accountability & Finance category, indicating high performance in maintaining transparency and effective governance practices, such as having a fully independent board and robust financial oversight mechanisms.
The foundation excels in several key areas, including a 76.48% program expense ratio, which suggests a significant portion of its resources is directed toward its mission-related activities. Additionally, the organization has demonstrated exceptional fundraising efficiency, with only $0.0625 spent to raise each dollar, showcasing effective resource management. These strengths collectively contribute to the organization's positive financial health, as indicated by a low liabilities-to-assets ratio of 3.49%.
While there are no noted limitations in the provided data, the foundation's exceptional scores in various governance and financial metrics suggest a robust operational framework. Overall, New College Foundation Inc stands out as a well-managed nonprofit dedicated to fulfilling its mission with integrity and responsibility.
This AI summary has been generated from information found on Charity Navigator.
Is New College Foundation Inc legitimate?
New College Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New 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: $278,350
Professional Fundraising Fees: $0
Other Salaries and Wages: $193,957
For more financial information, click here
Official website here: www.ncf.edu
What is the mission statement of New College Foundation Inc?
The New College Foundation's mission is to support the priorities of New College of Florida, a designated honors college. This is achieved by securing funds through cultivating and stewarding individuals, foundations, and corporations, as well as managing assets prudently. The foundation provides scholarship support to New College students, allowing them to attend the university and experience a personalized approach to their education. This financial aid enables academically talented students to thrive and reach their full potential, preparing them for leadership roles in their scholarly, civic, artistic, and commercial pursuits.
Official website here: www.ncf.edu
What is the revenue of New College Foundation Inc?
New College Foundation Inc's revenue in 2024 was $2,007,354.
Official website here: www.ncf.edu
Who are the executives of New College Foundation Inc and what are their salaries?
The average compensation at New College Foundation Inc during 2024 was $36,331. There are 13 employees and 109 volunteers at New College Foundation Inc.
Here are 17 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: $130,885
- Related: $0
- Other: $54,079
- Compensation: $108,447
- Related: $0
- Other: $58,468
Official website here: www.ncf.edu
Where can I find the form 990 for New College Foundation Inc?
New College Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.ncf.edu
Learn more at the official website: www.ncf.edu
Mission Statement of New College Foundation Inc
New College Foundation Inc, as a mission-driven organization, is dedicated to supporting the priorities of New College of Florida, Florida's designated honors college. This is achieved by cultivating and stewarding donors and managing assets prudently. The foundation's mission is to secure funds through its outreach efforts and the careful management of its assets.
By fulfilling this mission, New College Foundation Inc provides scholarship support to students attending New College of Florida. This financial assistance enables academically talented students to benefit from a personalized educational approach, fostering their growth and enabling them to excel in their scholarly, civic, artistic, and commercial pursuits. The foundation's work is instrumental in preparing these students for leadership roles, enabling them to make significant contributions to their respective fields.
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
New College Foundation Inc's impact lies in its crucial support of New College of Florida students through scholarship provision. By providing financial assistance, the foundation enables academically talented individuals to attend the college and experience a personalized education. This support empowers students to thrive and reach their full potential, preparing them to assume leadership roles in various fields. Through its efforts, New College Foundation Inc plays a significant role in fostering the growth and development of future leaders in scholarly, civic, artistic, and commercial arenas.
This information is meant to be a general summary of New 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: $867,707
- Program Service Revenue: $42,000
- Gross Receipts: $5,612,690
Assets and Liabilities:
- Total Assets: $47,981,303
- Total Liabilities: $2,501,181
- Net Assets: $45,480,122
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$42,000
Organization Details
Founding Year
1960
Principal Officer
Sydney Gruters
Website
www.ncf.eduNTEE Category
Code: B110 - Education
If you are a representative of New College 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.