Overview
What is The Amarillo College Foundation?
The Amarillo College Foundation is a nonprofit organization, based in Amarillo, Texas, that strives to bolster the quality of education at Amarillo College. As a tax-exempt entity, it aims to secure donations and grants for the institution's growth and development. The foundation awards scholarships and offers loans to students lacking financial resources, providing them with the necessary support to attend the college. In 20XX, 1,234 students benefited from scholarships or financial aid, including one grant granted to a nonprofit entity. However, the description does not specify the nature or purpose of this grant. The foundation's mission is to foster excellence at Amarillo College, contributing positively to the lives of its students and the broader community.
Official website here: www.none
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Stars)
The Amarillo College Foundation has earned an impressive Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial health. The organization scored exceptionally well in all key areas, particularly in its governance structure, with 79% of board members being independent, which enhances its accountability. The foundation's financial metrics are robust, demonstrating a solid program expense ratio of 77.51% and an impressive fundraising efficiency.
Key strengths include a well-structured oversight committee and the absence of any material diversion of assets, indicating sound financial practices. The foundation maintains several important policies, such as conflict of interest and whistleblower protections, which bolsters its credibility and operational integrity. Its working capital ratio of 27.34 years showcases its long-term sustainability.
While the foundation appears to excel in its operations and governance, potential donors should always consider the specific programs and initiatives funded by the foundation to ensure alignment with their philanthropic goals. Overall, the Amarillo College Foundation exhibits strong financial health and a commitment to ethical practices, making it a worthy recipient of donor support.
This AI summary has been generated from information found on Charity Navigator.
Is The Amarillo College Foundation legitimate?
The Amarillo College Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Amarillo 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.none
What is the mission statement of The Amarillo College Foundation?
The Amarillo College Foundation, being a non-profit and tax-exempt organization, strives to promote academic excellence at Amarillo College. Its primary objective is to secure funds through gifts and grants for the betterment of the college. The foundation awards scholarships and provides loans to students who lack banking or credit privileges, thereby aiding their educational journey. The Amarillo College Foundation serves to financially support the educational needs of its students, including tuition, fees, books, and other institutional expenses, with a total of 1,234 students benefiting from these scholarships or financial aid. Additionally, the foundation has granted funds to a non-profit entity.
Official website here: www.none
Who is the CEO of The Amarillo College Foundation?
Chris Sharp is the Chairman of The Amarillo College Foundation.
Official website here: www.none
What is the revenue of The Amarillo College Foundation?
The Amarillo College Foundation's revenue in 2022 was $3,740,660.
Official website here: www.none
Who are the executives of The Amarillo College Foundation and what are their salaries?
Here are 29 key members and their salaries:
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Official website here: www.none
Learn more at the official website: www.none
Mission Statement of The Amarillo College Foundation
The Amarillo College Foundation, a non-profit and tax-exempt organization, is dedicated to fostering excellence at Amarillo College. Its primary objective is to procure gifts and grants, which are subsequently utilized for the enhancement of Amarillo College. The foundation's mission is to promote academic growth and development within the college community. It achieves this by awarding scholarships and making loans to students who lack access to banking or other credit facilities. By providing financial aid, this organization enables deserving students to pursue their education without financial constraints.
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Impact
July, 2024
The impact of The Amarillo College Foundation is substantial in promoting excellence at Amarillo College. Through scholarships, loans, and grants, the foundation supports students at the college who are in need of financial assistance. In the past year, 1,234 students received scholarships or aid money, demonstrating the foundation's commitment to helping students achieve their academic goals. This support directly contributes to the educational success and advancement of individuals in the Amarillo community.
This information is meant to be a general summary of The Amarillo 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: -$1,468,159
- Gross Receipts: $31,889,695
Assets and Liabilities:
- Total Assets: $65,720,655
- Total Liabilities: $57,880
- Net Assets: $65,662,775
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Organization Details
Founding Year
1962
Phone
(806) 371-5007Principal Officer
Chris Sharp
Main Address
PO BOX 447, AMARILLO, TX, 79178
Website
www.noneNTEE Category
Code: B42 - Education
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