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Del Mar College Foundation Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 742286234 ✦ Corpus christi, TX ✦ Designated as a 501(c)(3)

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Overview

What is Del Mar College Foundation Inc?

Del Mar College Foundation Inc, situated in Corpus Christi, Texas, serves as a vital nonprofit organization dedicated to supporting the educational success of Del Mar College students. With a mission to transform lives and contribute to the local economy, the foundation offers scholarships and emergency aid. During the 2022-2023 academic year, they awarded 1,603 scholarships, underscoring their commitment to student well-being. The foundation's headquarters are located at 101 Baldwin Blvd. in Corpus Christi.


Official website here: www.delmar.edu

What are the reviews and ratings of this charity?

Charity Navigator Rating: 97% (Four-Star out of Four Star rating)

The Del Mar College Foundation Inc has achieved an impressive 97% rating on Charity Navigator, reflecting strong financial health and transparency. The organization boasts a perfect score for accountability and finance, indicating that it effectively utilizes its resources and maintains robust financial practices. With 100% of its board members being independent, the foundation demonstrates a commitment to governance and ethical oversight.

Key strengths include a high program expense ratio of 98.61%, highlighting the foundation's focus on its mission and effective use of funds for programming rather than administrative costs. The organization also exhibits exceptional fundraising efficiency, with minimal costs incurred to raise contributions, which is a positive sign for potential donors. Additionally, the foundation's practices surrounding conflict of interest, whistleblower policies, and document retention are comprehensive and well-documented.

There are no significant limitations or concerns noted in the available data, positioning Del Mar College Foundation Inc as a trustworthy choice for philanthropic support. The organization’s sound financial practices and governance policies contribute to its high rating, making it a reliable option for donors looking to support educational initiatives.


This AI summary has been generated from information found on Charity Navigator.

What do the Facebook reviews say about Del Mar College Foundation Inc?

86% of 569 reviewers on Facebook recommend Del Mar College Foundation Inc. The feedback indicates a positive sentiment overall, with many appreciating the foundation’s commitment to supporting education and student opportunities.

However, not all opinions are in favor; some individuals express concerns about the learning environment and educational philosophies being propagated. This highlights a divide in perspectives regarding the foundation's approach to education and critical thinking skills.

In general, while a considerable portion of users values the foundation's efforts in fostering academic growth, there are voices that call for a more open-minded educational framework.


This AI summary has been generated from reviews found on Facebook.

Is Del Mar College Foundation Inc legitimate?

Del Mar College Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Del Mar 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: $0

For more financial information, click here


Official website here: www.delmar.edu

What is the mission statement of Del Mar College Foundation Inc?

The Del Mar College Foundation Inc, as part of its mission, aims to enhance student education success by providing scholarships and emergency aid. This organization significantly impacts the lives of its students and contributes to the local economy by helping students acquire the necessary education to accomplish their career and personal objectives. In the 2022-2023 academic year, the foundation awarded 1,603 scholarships to Del Mar College students. By offering financial assistance, the foundation empowers students to pursue their educational goals and ultimately contribute positively to their communities.


Official website here: www.delmar.edu

Who is the CEO of Del Mar College Foundation Inc?

Michelle Unda is the President of Del Mar College Foundation Inc. The CEO's salary of Del Mar College Foundation Inc is $0 and their total compensation is $0.


Official website here: www.delmar.edu

What is the revenue of Del Mar College Foundation Inc?

Del Mar College Foundation Inc's revenue in 2023 was $5,690,836.


Official website here: www.delmar.edu

Who are the executives of Del Mar College Foundation Inc and what are their salaries?


Here are 22 key members and their salaries (Del Mar College Foundation Inc's CEO's salary is $0 and their total compensation is $0):


Michelle Unda (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sandra Alvarez (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Crissy Hinojosa (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rosie G Collin (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Todd M Walter (Scholarship Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lance Brown (Special Projects Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Julio Reyes (Past President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Escamilla (Dmc Ceo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Troy Bethel (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Regina Garcia (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ken Trevino (Board Development Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rosendo Cruz (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kauskik Bhakta (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Russell Franques (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Drue Jones (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Legamaro (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Travis Nelson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Melody Nixon-Bice (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Susan Temple (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Adam Smith (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Mcqueen (Vp Of Advancement & Government)
  • Compensation: $147,717
  • Related: $0
  • Other: $0
Matthew Busby (Associate Vp Of Development)
  • Compensation: $90,718
  • Related: $0
  • Other: $0


Official website here: www.delmar.edu

Where can I find the form 990 for Del Mar College Foundation Inc?

Del Mar College Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.delmar.edu

Learn more at the official website: www.delmar.edu

Mission Statement of Del Mar College Foundation Inc

Del Mar College Foundation Inc, a notable nonprofit organization, is committed to transforming the lives of students and contributing to the local economy. Its primary mission is to support the educational success of Del Mar College students by providing scholarships and emergency aid. Through these initiatives, the foundation empowers students to achieve their career and personal goals, thereby contributing to the community's overall development. In the 2022-2023 academic year alone, Del Mar College Foundation Inc awarded 1,603 scholarships to deserving students, demonstrating its significant role in fostering educational opportunities.

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Impact




July, 2024

Del Mar College Foundation Inc transforms students' lives and the area economy by helping students get the education they need to achieve their career and personal goals. In the academic year 2022-2023, 1,603 scholarships were awarded to Del Mar College students, providing vital financial support for their education and ensuring their success.




This information is meant to be a general summary of Del Mar 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.

Revenue
$5,690,836 (2023)
Expenses
$3,028,669 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $507,813
  • Gross Receipts: $12,137,035

Assets and Liabilities:

  • Total Assets: $31,648,720
  • Total Liabilities: $86,941
  • Net Assets: $31,561,779

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Organization Details

Founding Year

1983

Principal Officer

Michelle Unda

Main Address

101 BALDWIN BLVD, CORPUS CHRISTI, TX, 784043897

NTEE Category

Code: T30 - Philanthropy

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