Overview
What is Houston Community College Foundation?
The Houston Community College Foundation is a charitable organization situated in Houston, Texas, specifically at 3100 Main Street. Its primary focus is providing scholarships to deserving students enrolled in Houston Community College (HCC), with the aim to expand its funding efforts and award a substantial number of scholarships to local students in the upcoming years. The organization's long-term objective is to establish a scholarship endowment substantial enough to grant aid to all eligible HCC students starting their college journey. The Houston Community College Foundation empowers student success by offering philanthropic support that aligns with HCC's initiatives, aiming to contribute to the overall growth and development of the institution.
Official website here: www.hccsfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 98% (Four-Star out of Four Stars)
The Houston Community College Foundation has achieved an impressive overall rating of 98%, reflecting strong performance in accountability and finance. With a perfect score of 100 in this category, the foundation demonstrates robust financial practices, including a fully independent board and effective oversight mechanisms. The organization effectively manages its resources with a low liabilities-to-assets ratio and high program expense ratio, indicating that the majority of its funding goes directly to its mission.
In addition to financial health, the foundation has a solid culture and community score of 77. This suggests that while the organization has made significant strides in fostering an inclusive environment, there is still room for improvement in equity strategies. The foundation’s policies, including those related to conflict of interest and document retention, are well-established, which contributes to its overall accountability.
However, the culture and community score could indicate areas where the foundation can enhance its engagement and outreach efforts. Focusing on equity strategies may help improve this score, ensuring that the foundation not only maintains financial integrity but also meets the diverse needs of the community it serves. Overall, the Houston Community College Foundation stands out as a highly accountable and effective organization.
This AI summary has been generated from information found on Charity Navigator.
Is Houston Community College Foundation legitimate?
Houston Community College Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Houston Community 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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Official website here: www.hccsfoundation.org
What is the mission statement of Houston Community College Foundation?
The Houston Community College Foundation's mission is centered around empowering student success at Houston Community College (HCC). They accomplish this through philanthropic support, ensuring it aligns with key HCC institutional initiatives. The foundation has been granting scholarships to deserving HCC students in large numbers, with plans to award even more in the near future due to their increasing fundraising efforts. Their ultimate goal is to establish a substantial scholarship endowment that would allow them to provide financial aid to all eligible credit-hour HCC students commencing their college journey.
Official website here: www.hccsfoundation.org
Who is the CEO of Houston Community College Foundation?
Karen L Schmidt is the Director of Houston Community College Foundation.
Official website here: www.hccsfoundation.org
What is the revenue of Houston Community College Foundation?
Houston Community College Foundation's revenue in 2022 was $6,908,551.
Official website here: www.hccsfoundation.org
Who are the executives of Houston Community College Foundation and what are their salaries?
Here are 25 key members and their salaries:
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Official website here: www.hccsfoundation.org
Where can I find the form 990 for Houston Community College Foundation?
Houston Community College Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hccsfoundation.org
Learn more at the official website: www.hccsfoundation.org
Mission Statement of Houston Community College Foundation
Houston Community College Foundation's mission is centered around empowering the success of students attending Houston Community College (HCC). They accomplish this through philanthropic support, ensuring it aligns with HCC's key institutional initiatives. The foundation has been awarding numerous scholarships to deserving HCC students, with their fundraising efforts showing significant growth. They anticipate granting numerous scholarships to students in the Houston area in the near future. The long-term goal of the foundation is to build a substantial scholarship endowment, sufficient enough to provide a scholarship to every credit-hour HCC student who qualifies for financial aid as they commence their college journey.
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Impact
July, 2024
Houston Community College Foundation empowers HCC student success through philanthropic support, aligned with key HCC institutional initiatives. The foundation has awarded thousands of scholarships to deserving HCC students, with fundraising efforts rapidly expanding to support even more students in the future. Their long-term goal is to build a scholarship endowment sufficient to award a scholarship to all HCC credit-hour students who qualify for assistance as they begin their college career. This impactful work directly contributes to the educational advancement of Houston-area students, ensuring that financial barriers do not hinder their academic progress.
This information is meant to be a general summary of Houston Community 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: $442,256
- Gross Receipts: $15,142,297
Assets and Liabilities:
- Total Assets: $18,955,466
- Total Liabilities: $1,156,671
- Net Assets: $17,798,795
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Organization Details
Founding Year
1976
Phone
(713) 718-8596Principal Officer
Karen L Schmidt
Main Address
3100 MAIN STREET, HOUSTON, TX, 77002
Website
www.hccsfoundation.orgNTEE Category
Code: B124 - Education
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