Overview
What is Mclennan Community College Foundation Attn Kim Patterson?
The Mclennan Community College Foundation, headed by Kim Patterson, is a nonprofit organization situated in Waco, Texas. Its primary focus is to promote educational opportunities by granting scholarships to students of Mclennan Community College. In addition, the foundation offers emergency aid to students who encounter unforeseen circumstances that may hinder their academic progress. Furthermore, the foundation supports Paulanne's Pantry, an initiative providing essential food and hygiene items to students struggling with economic insecurities. The foundation's mission encompasses developing funds for student scholarships, faculty and staff professional development, campus projects, and emergency student needs.
Official website here: www.mclennan.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 98% (Four-Star out of Four Star rating)
The Mclennan Community College Foundation has achieved an impressive 98% rating from Charity Navigator, indicating a high level of accountability and financial health. The organization displays outstanding performance in its financial practices, with a perfect score for accountability and a significant program expense ratio of 93.28%, showcasing its commitment to effective resource utilization in support of its mission.
Strengths of the foundation include its fully independent board, robust financial oversight, and comprehensive policies related to conflict of interest and whistleblowing. These factors contribute to the trustworthiness and transparency of the organization. Additionally, the foundation demonstrates a strong financial position, with a favorable liabilities to assets ratio and exceptional working capital ratio, indicating its sustainability and ability to meet financial obligations.
While the foundation excels in accountability and finance, its culture and community score, while strong at 83%, suggests there may be areas for improvement in equity strategies and community engagement. Overall, the Mclennan Community College Foundation stands out as a well-managed nonprofit dedicated to supporting the educational needs of its community.
This AI summary has been generated from information found on Charity Navigator.
Is Mclennan Community College Foundation Attn Kim Patterson legitimate?
Mclennan Community College Foundation Attn Kim Patterson is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mclennan Community College Foundation Attn Kim Patterson 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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For more financial information, click here
Official website here: www.mclennan.edu
What is the mission statement of Mclennan Community College Foundation Attn Kim Patterson?
The Mclennan Community College Foundation's mission supports the development of funds for student scholarships, staff and faculty professional development, and campus capital projects. Additionally, it provides emergency grants to students who encounter unexpected circumstances that could impact their ability to continue their education. The foundation also contributes to Paulanne's Pantry, an initiative that provides basic food and hygiene items for students experiencing economic insecurities. In essence, the Mclennan Community College Foundation aims to support the educational opportunities and well-being of its students.
Official website here: www.mclennan.edu
Who is the CEO of Mclennan Community College Foundation Attn Kim Patterson?
Kim Patterson is the Past-Chair of Mclennan Community College Foundation Attn Kim Patterson.
Official website here: www.mclennan.edu
What is the revenue of Mclennan Community College Foundation Attn Kim Patterson?
Mclennan Community College Foundation Attn Kim Patterson's revenue in 2022 was $4,422,492.
Official website here: www.mclennan.edu
Who are the executives of Mclennan Community College Foundation Attn Kim Patterson and what are their salaries?
There 90 volunteers at Mclennan Community College Foundation Attn Kim Patterson.
Here are 27 key members and their salaries:
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- Related: $101,676
- Other: $15,864
Official website here: www.mclennan.edu
Where can I find the form 990 for Mclennan Community College Foundation Attn Kim Patterson?
Mclennan Community College Foundation Attn Kim Patterson's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mclennan.edu
Learn more at the official website: www.mclennan.edu
Mission Statement of Mclennan Community College Foundation Attn Kim Patterson
The Mclennan Community College Foundation, under the leadership of Kim Patterson, is dedicated to supporting various aspects of the educational institution. Its mission primarily focuses on the development of funds for several key areas. These include providing scholarships for students of Mclennan Community College, fostering professional development opportunities for staff and faculty, and investing in campus capital projects. Beyond this, the foundation also extends its support to students who encounter unexpected circumstances that may hinder their pursuit of higher education, by offering emergency grants.
Additionally, the Mclennan Community College Foundation contributes to Paulanne's Pantry, an initiative that aims to alleviate the economic insecurities of students by offering essential food and hygiene items. Through these efforts, the foundation seeks to encourage educational opportunities and provide essential support to the students and faculty of Mclennan Community College.
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Impact
July, 2024
Kim Patterson, in her role with the Mclennan Community College Foundation, has a significant impact on students' educational opportunities at McLennan Community College in Waco, Texas. Through her efforts, the foundation awards scholarships to deserving students, enabling them to pursue their academic goals and further their education. Additionally, Kim Patterson and the foundation provide essential support to students facing unexpected challenges by offering emergency grants, ensuring that these students can continue their college education despite difficult circumstances. Moreover, the foundation's involvement in Paulanne's Pantry helps provide basic food and hygiene items to students experiencing economic insecurities, further enhancing the overall well-being and success of the student community at McLennan Community College. Through these initiatives, Kim Patterson plays a vital role in supporting student success, staff, and faculty development, as well as contributing to the overall educational experience at McLennan Community College.
This information is meant to be a general summary of Mclennan Community College Foundation Attn Kim Patterson. 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: $1,429,571
- Gross Receipts: $6,511,207
Assets and Liabilities:
- Total Assets: $29,826,134
- Total Liabilities: $1,466,130
- Net Assets: $28,360,004
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Organization Details
Founding Year
1985
Phone
(254) 299-8606Principal Officer
Kim Patterson
Main Address
1400 COLLEGE DR, WACO, TX, 76708
Website
www.mclennan.eduNTEE Category
Code: B124 - Education
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