Overview
What is Monterey Peninsula College Foundation?
Monterey Peninsula College Foundation is a nonprofit organization based in Monterey, California, with an address at 980 Fremont Street. Its primary mission is to enhance the educational experience of students and faculty at Monterey Peninsula College (MPC) by providing financial aid to students and supporting faculty, staff, and programs. The foundation focuses on instructional and teaching materials, as well as educational program support, to advance the learning environment at MPC. With a dedicated team of six employees, the Monterey Peninsula College Foundation works tirelessly to ensure the success and growth of its students and the college as a whole.
Official website here: www.mpcfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%
The Monterey Peninsula College Foundation has achieved a notable Four-Star out of Four Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. With an overall score of 96%, the foundation demonstrates robust governance practices, including a fully independent board and comprehensive oversight mechanisms. This high rating indicates that the organization is well-managed and focused on its mission.
Strengths of the foundation include a strong program expense ratio of 72.47%, which suggests that the majority of its funds are directed towards its programs rather than administrative costs. Additionally, the foundation has implemented essential policies such as conflict of interest and whistleblower protections, enhancing its transparency and operational integrity. The organization also maintains a low liabilities to assets ratio of 9.16%, indicating sound financial health.
Despite its strengths, the summary does not highlight specific limitations or areas for improvement. Overall, the Monterey Peninsula College Foundation exemplifies a commitment to accountability and effective use of resources, making it a reliable choice for donors looking to support educational initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Monterey Peninsula College Foundation legitimate?
Monterey Peninsula College Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Monterey Peninsula 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $534,141
For more financial information, click here
Official website here: www.mpcfoundation.org
What is the mission statement of Monterey Peninsula College Foundation?
The Monterey Peninsula College Foundation's mission is centered around enhancing the educational experience for both students and faculty at Monterey Peninsula College. Specifically, their objective is to provide financial aid to students attending the college and improve the learning environment by supporting faculty, staff, and various programs. This support extends to the provision of instructional and teaching materials, as well as educational program funding. In essence, the foundation seeks to foster a conducive learning atmosphere and empower students financially, thereby contributing to their academic success.
Official website here: www.mpcfoundation.org
Who is the CEO of Monterey Peninsula College Foundation?
Rebecca Michael is the Director of Monterey Peninsula College Foundation.
Official website here: www.mpcfoundation.org
What is the revenue of Monterey Peninsula College Foundation?
Monterey Peninsula College Foundation's revenue in 2022 was $681,090.
Official website here: www.mpcfoundation.org
Who are the executives of Monterey Peninsula College Foundation and what are their salaries?
The average compensation at Monterey Peninsula College Foundation during 2022 was $89,024. There are 6 employees and 50 volunteers at Monterey Peninsula College Foundation.
Here are 24 key members and their salaries:
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- Related: $184,980
- Other: $35,631
Official website here: www.mpcfoundation.org
Where can I find the form 990 for Monterey Peninsula College Foundation?
Monterey Peninsula College Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mpcfoundation.org
Learn more at the official website: www.mpcfoundation.org
Mission Statement of Monterey Peninsula College Foundation
Monterey Peninsula College Foundation, a dedicated organization, is committed to advancing the educational experience of students and faculty at Monterey Peninsula College. Its mission is multifaceted, aimed at providing financial assistance to students attending Monterey Peninsula College (MPC) and enhancing the learning environment at the college. The foundation achieves this by offering financial aid to deserving students and supporting faculty, staff, and educational programs at MPC.
By providing financial assistance, the Monterey Peninsula College Foundation helps to alleviate the financial burdens that many students face, enabling them to focus on their studies and achieve their academic goals. Additionally, the foundation invests in the college's learning environment by supporting instructional and teaching materials, as well as educational programs. These investments contribute to a richer and more enriching educational experience for both students and faculty at Monterey Peninsula College.
In essence, the Monterey Peninsula College Foundation plays a crucial role in the success of its students and the overall academic environment at Monterey Peninsula College. By providing financial aid and supporting educational programs, the foundation empowers students to reach their full potential and equips faculty with the resources they need to deliver high-quality education. This mission is instrumental in fostering a vibrant and thriving educational community at Monterey Peninsula College.
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Impact
July, 2024
The impact of the Monterey Peninsula College Foundation is significant in advancing the educational experiences of students and faculty at Monterey Peninsula College. Through its mission to provide financial assistance to MPC students and enhance the learning environment by supporting faculty, staff, and programs, the Foundation plays a key role in ensuring that students have access to instructional materials, educational program support, and other resources necessary for their academic success. By supporting MPC in these ways, the Foundation helps empower students to achieve their educational goals and contribute positively to their communities.
This information is meant to be a general summary of Monterey Peninsula 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: -$1,224,073
- Program Service Revenue: $165,308
- Gross Receipts: $2,964,512
Assets and Liabilities:
- Total Assets: $11,010,450
- Total Liabilities: $1,009,358
- Net Assets: $10,001,092
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINISTRATION INCOME
Revenue
$165,308
Organization Details
Founding Year
1994
Phone
(831) 646-4040Principal Officer
Rebecca Michael
Main Address
980 FREMONT ST, MONTEREY, CA, 939404799
Website
www.mpcfoundation.orgNTEE Category
Code: B11 - Education
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