Overview
What is Palm Beach State College Fdn Inc?
Palm Beach State College Foundation Inc, situated in West Palm Beach, Florida, is a nonprofit organization dedicated to supporting higher education. Their primary mission is to encourage, receive, and administer philanthropic gifts to advance Palm Beach State College. The funds collected are used to provide scholarships for students, covering tuition, books, and fees, based on criteria established by donors. This foundation plays a crucial role in ensuring affordable access to higher education for Palm Beach State College students. Additionally, the foundation on a limited basis, offers scholarships to graduating sophomores.
Official website here: www.palmbeachstate.edu/foundation/
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 100% (Four-Star out of Four Star Rating)
Palm Beach State College Foundation Inc has achieved an exceptional Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The charity's impressive score is derived entirely from its Accountability & Finance metrics, showcasing robust governance practices and transparency in operations. The foundation excels in having a fully independent board, complete financial oversight, and no recorded material diversion of assets.
The organization demonstrates strong financial management with a program expense ratio of 81.90%, ensuring that the majority of funds are directed towards its mission. Its fundraising efficiency is notably high, with minimal costs associated with raising funds, reflecting a commitment to maximizing donor contributions for programmatic use. Furthermore, the foundation maintains a solid liabilities to assets ratio of just 3.55%, indicating a stable financial position.
While the data highlights numerous strengths, there are no significant limitations or concerns noted in the feedback. The foundation's commitment to transparency and accountability, coupled with effective financial management practices, positions it well to continue supporting the educational endeavors at Palm Beach State College.
This AI summary has been generated from information found on Charity Navigator.
Is Palm Beach State College Fdn Inc legitimate?
Palm Beach State College Fdn Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Palm Beach State College Fdn 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.palmbeachstate.edu/foundation/
What is the mission statement of Palm Beach State College Fdn Inc?
Palm Beach State College Foundation Inc's mission is to encourage and solicit philanthropic contributions, aiming to advance the college and its objectives of providing affordable higher education with open access. The foundation administers these gifts to further enhance the educational opportunities at Palm Beach State College. Notably, it provides scholarships to eligible students, covering tuition, books, and fees, under criteria set by donors. The foundation also offers limited assistance to graduating sophomores.
Official website here: www.palmbeachstate.edu/foundation/
Who is the CEO of Palm Beach State College Fdn Inc?
David Rutherford is the President of Palm Beach State College Fdn Inc. The CEO's salary of Palm Beach State College Fdn Inc is $0 and their total compensation is $286,987.
Official website here: www.palmbeachstate.edu/foundation/
What is the revenue of Palm Beach State College Fdn Inc?
Palm Beach State College Fdn Inc's revenue in 2022 was $6,305,304.
Official website here: www.palmbeachstate.edu/foundation/
Who are the executives of Palm Beach State College Fdn Inc and what are their salaries?
There 23 volunteers at Palm Beach State College Fdn Inc.
Here are 21 key members and their salaries (Palm Beach State College Fdn Inc's CEO's salary is $0 and their total compensation is $286,987):
- Compensation: $0
- Related: $457,913
- Other: $273,806
- Compensation: $0
- Related: $189,903
- Other: $97,084
- Compensation: $0
- Related: $73,962
- Other: $17,455
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Official website here: www.palmbeachstate.edu/foundation/
Where can I find the form 990 for Palm Beach State College Fdn Inc?
Palm Beach State College Fdn Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.palmbeachstate.edu/foundation/
Learn more at the official website: www.palmbeachstate.edu/foundation/
Mission Statement of Palm Beach State College Fdn Inc
Palm Beach State College Foundation Inc is a nonprofit organization dedicated to encouraging and facilitating philanthropic contributions. Its primary mission is to support the advancement of Palm Beach State College and its objective of providing affordable higher education with open access. To achieve this, the foundation solicits, receives, and manages philanthropic gifts.
More specifically, Palm Beach State College Foundation Inc focuses on providing scholarships to eligible students. These scholarships help cover tuition, textbooks, and other related fees. The scholarships are often tailored to students who meet specific criteria, as established by the donors. In addition, the foundation offers limited support to graduating sophomores.
In essence, Palm Beach State College Foundation Inc plays a vital role in making higher education accessible and affordable for many students. By facilitating philanthropic gifts, it helps ensure that deserving students can attend Palm Beach State College without undue financial burden. The foundation's mission is a testament to its commitment to the college and its students, and its scholarship program reflects this dedication to supporting future leaders.
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Impact
July, 2024
Palm Beach State College Fdn Inc's impact lies in enabling access to higher education at affordable costs through the provision of scholarships for tuition, books, and fees to eligible students. By encouraging philanthropic gifts and administering these resources, the foundation plays a crucial role in supporting the educational pursuits of Palm Beach State College students. This assistance helps students achieve their academic goals, advance their careers, and contribute positively to society. Ultimately, the foundation's work contributes to the broader societal goal of promoting accessible and affordable higher education.
This information is meant to be a general summary of Palm Beach State College Fdn 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: $1,897,745
- Gross Receipts: $20,548,146
Assets and Liabilities:
- Total Assets: $55,191,409
- Total Liabilities: $1,961,797
- Net Assets: $53,229,612
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Organization Details
Founding Year
1973
Phone
(561) 868-3106Principal Officer
David Rutherford
Main Address
812 FERN STREET, WEST PALM BEACH, FL, 33401
NTEE Category
Code: B110 - Education
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