Overview
What is Northern Oklahoma College Foundation?
The Northern Oklahoma College Foundation is a charitable organization, situated in Tonkawa, Oklahoma, specifically at 1220 EAST GRAND, ZIP code 74653. Its primary mission is to bolster the educational opportunities and environment at Northern Oklahoma College. This is achieved by offering financial assistance to students in the form of scholarship payments to cover tuition and fees. During 2021, around 391 students benefited from this aid. Furthermore, the foundation extended its support to the college by aiding various programs, such as the baseball program and other initiatives, thereby contributing to the overall college community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Stars
The Northern Oklahoma College Foundation has earned a high rating of 96%, reflecting exceptional accountability and financial health. This rating is based solely on a single beacon score, which highlights the foundation's strong governance and transparency. The organization is noted for having a majority of independent board members, with 66% independence, and it has successfully implemented comprehensive oversight measures, as evidenced by its perfect scores in key areas like financial statements and audit practices.
Strengths of the foundation include its robust financial management, indicated by a low liabilities to assets ratio of 0.00% and a strong program expense ratio of 74.25%. These figures suggest that the majority of its resources are effectively directed towards fulfilling its mission, which is crucial for building trust among donors and stakeholders. Additionally, the foundation has established thorough policies addressing conflicts of interest, whistleblower protections, and document retention, which further enhance its operational integrity.
While the data reflects a strong performance in governance and financial health, no specific programmatic outcomes or community impact metrics are detailed in the summary. This lack of information could be a limitation for potential donors who are interested in understanding the direct effects of the foundation's work. Nonetheless, the overall rating and governance practices suggest that the Northern Oklahoma College Foundation is a reliable nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Northern Oklahoma College Foundation legitimate?
Northern Oklahoma College Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Northern Oklahoma College Foundation 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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What is the mission statement of Northern Oklahoma College Foundation?
The Northern Oklahoma College Foundation's mission is centered around enhancing the educational opportunities and environment at the college. This is in line with the foundation's articles and the mission statement of the college itself. The primary aim of the foundation is to provide financial support, specifically in the form of scholarship payments to help cover tuition and fees for students attending Northern Oklahoma College. In 2021, approximately 391 students benefited from this assistance. Beyond scholarship payments, the foundation also offers assistance to the college by supporting various programs, such as the baseball program and other college initiatives.
Who is the CEO of Northern Oklahoma College Foundation?
Anita Simpson is the Trustee of Northern Oklahoma College Foundation. The CEO's salary of Northern Oklahoma College Foundation is $0 and their total compensation is $0.
What is the revenue of Northern Oklahoma College Foundation?
Northern Oklahoma College Foundation's revenue in 2022 was $1,325,443.
Who are the executives of Northern Oklahoma College Foundation and what are their salaries?
Here are 17 key members and their salaries (Northern Oklahoma College Foundation's CEO's salary is $0 and their total compensation is $0):
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Where can I find the form 990 for Northern Oklahoma College Foundation?
Northern Oklahoma College Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Northern Oklahoma College Foundation
The Northern Oklahoma College Foundation, in line with its mission statement, is dedicated to enhancing the educational opportunities and environment at Northern Oklahoma College. This is achieved by providing financial support, serving as an extension of the college's own mission. Specifically, the foundation offers scholarship payments to assist students with their tuition and fees. During 2021, approximately 391 students benefited from this financial aid. Beyond tuition support, the foundation also lends a hand to various college programs, such as the baseball program and other initiatives. In this way, the Northern Oklahoma College Foundation contributes to the overall welfare and success of Northern Oklahoma College and its students.
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Impact
July, 2024
The impact of the Northern Oklahoma College Foundation is significant in providing financial support for Northern Oklahoma College students. Approximately 391 students benefited from scholarship payments in 2021, assisting them with tuition and fees. Additionally, the foundation extends its assistance to support various college programs, including the baseball program and other initiatives. Through its contributions, the foundation enhances educational opportunities and the overall environment at the college, aligning with its mission to support education.
This information is meant to be a general summary of Northern Oklahoma College Foundation. 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: $327,155
- Gross Receipts: $1,643,054
Assets and Liabilities:
- Total Assets: $14,140,760
- Total Liabilities: $19,007
- Net Assets: $14,121,753
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Organization Details
Founding Year
1961
Phone
(405) 628-6200Principal Officer
Anita Simpson
Main Address
1220 EAST GRAND, TONKAWA, OK, 74653
NTEE Category
Code: B42I - Education
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