Overview
What is Indian River State College Foundation Inc?
The Indian River State College Foundation Inc, situated at 3209 Virginia Avenue in Fort Pierce, Florida (zip code 34981), functions as a charitable entity. Its primary mission is to raise funds and provide scholarships to students of Indian River State College. The Foundation also extends its support by granting resources to benefit the college. By receiving, holding, investing, and administering property, the organization ensures financial stability while making expenditures to aid the educational institution.
Official website here: www.irscfoundation.org
What are the reviews and ratings of this charity?
90% rating from Charity Navigator.
The Indian River State College Foundation Inc has achieved a Four-Star out of Four Star rating, indicating strong organizational performance in accountability and finance. The foundation boasts a high level of independent governance, with 100% of its board members being independent, which contributes to its robust decision-making processes. It has effectively managed its resources, evidenced by a low liabilities to assets ratio and a significant program expense ratio, indicating a commitment to its core mission.
Despite these strengths, the foundation faces challenges in fundraising efficiency, as indicated by a low fundraising efficiency ratio. This suggests that while the organization is effective in utilizing resources for programs, it may need to enhance its fundraising strategies to improve financial sustainability. Additionally, the culture and community score reflects some room for improvement in equity strategies, suggesting that there may be opportunities to further engage with and serve diverse community needs. Overall, the foundation demonstrates strong overall health while identifying areas for potential growth.
This AI summary has been generated from information found on Charity Navigator.
Is Indian River State College Foundation Inc legitimate?
Indian River State College Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Indian River State 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: $421,767
For more financial information, click here
Official website here: www.irscfoundation.org
What is the mission statement of Indian River State College Foundation Inc?
The Indian River State College Foundation Inc is dedicated to supporting Indian River State College. Its mission involves receiving, holding, investing, and administering property for the benefit of the college. The foundation makes expenditures to further enhance the college's welfare. Their primary focus includes providing scholarships to students and grants to benefit the college. By doing so, they contribute significantly to the academic and financial growth of the institution.
Official website here: www.irscfoundation.org
Who is the CEO of Indian River State College Foundation Inc?
Michael Hageloh is the Irsc Preside of Indian River State College Foundation Inc.
Official website here: www.irscfoundation.org
What is the revenue of Indian River State College Foundation Inc?
Indian River State College Foundation Inc's revenue in 2022 was $29,628,279.
Official website here: www.irscfoundation.org
Who are the executives of Indian River State College Foundation Inc and what are their salaries?
Here are 23 key members and their salaries:
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- Related: $497,083
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Official website here: www.irscfoundation.org
Where can I find the form 990 for Indian River State College Foundation Inc?
Indian River State College Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.irscfoundation.org
Learn more at the official website: www.irscfoundation.org
Mission Statement of Indian River State College Foundation Inc
Indian River State College Foundation Inc is a charitable organization dedicated to supporting Indian River State College. Its mission is twofold: to receive, hold, invest, and administer property, and to make expenditures for the benefit of the college. The foundation fulfills this mission primarily through scholarships for students and grants for various college initiatives.
By providing financial assistance to students, Indian River State College Foundation Inc enables deserving individuals to pursue higher education despite financial constraints. The foundation's scholarships not only cover tuition and fees but also help students with other expenses related to their education, such as books and transportation. In doing so, the foundation opens doors to opportunities and a brighter future for students.
Furthermore, Indian River State College Foundation Inc also makes grants to the college for its overall benefit. These grants can be used for a wide range of purposes, from funding research projects and purchasing new equipment to improving facilities and enhancing educational programs. By investing in the college in this way, the foundation plays a crucial role in advancing the institution's mission and ensuring that it remains a leading provider of education and training in the community.
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Impact
October, 2024
The Indian River State College Foundation Inc plays a crucial role in enhancing educational opportunities for students at Indian River State College. By providing scholarships and grants, the foundation directly supports students in their pursuit of higher education, alleviating financial burdens and enabling them to focus on their studies.
The foundation's mission to receive, hold, invest, and administer resources ensures that funds are effectively utilized to benefit the college and its students. This financial support is essential for fostering an environment where learners can thrive, access quality education, and achieve their academic and career goals. The impact of the foundation resonates throughout the community, contributing to a more educated workforce and overall societal advancement in Fort Pierce and beyond.
This information is meant to be a general summary of Indian River State 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: $18,007,356
- Program Service Revenue: $1,179,235
- Gross Receipts: $103,555,091
Assets and Liabilities:
- Total Assets: $183,397,319
- Total Liabilities: $19,803,630
- Net Assets: $163,593,689
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REAL PROPERTY FACILITIES
Revenue
$1,179,235
Organization Details
Founding Year
1965
Phone
(772) 462-4786Principal Officer
Michael Hageloh
Main Address
3209 VIRGINIA AVENUE, FORT PIERCE, FL, 349815541
Website
www.irscfoundation.orgNTEE Category
Code: B110 - Education
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