Overview
What is Lamar Community College Foundation?
Lamar Community College Foundation is a charitable organization situated in Lamar, Colorado, with the address 2401 South Main, 81052. Its primary objective is to support Lamar Community College through various means. This includes granting scholarships to students, contributing to curriculum development, funding capital construction projects, and providing opportunities for the betterment of the college and its surrounding communities. The foundation serves approximately 1,000 students annually, both on-campus, concurrent enrollment, and online. The organization's mission is to raise and distribute funds to aid these diverse educational needs.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82%, Three-Star out of Four Star rating. This rating reflects the Lamar Community College Foundation's strong emphasis on accountability and finance, as the overall score is entirely derived from this area. An 82% rating indicates that the foundation meets a good standard of transparency and responsible financial management.
One of the foundation's significant strengths is its fully independent board, scoring 100% in this category. The board consists of 8 independent members, ensuring strong governance. Additionally, the foundation has demonstrated effective oversight with a perfect score in financial statements and an audit and oversight committee, emphasizing its commitment to financial integrity.
However, while the foundation has robust financial practices, the rating does not highlight its programmatic impact or community engagement metrics, which could provide a more comprehensive view of its effectiveness. Overall, the Lamar Community College Foundation displays solid accountability and financial health, essential for donor confidence and support.
This AI summary has been generated from information found on Charity Navigator.
Is Lamar Community College Foundation legitimate?
Lamar Community College Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lamar 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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What is the mission statement of Lamar Community College Foundation?
The Lamar Community College Foundation's mission is centered around raising and distributing funds to support various initiatives benefiting Lamar Community College and its student body. This includes scholarships, program development, capital construction projects, and other opportunities aimed at serving the college and its surrounding communities. Annually, the foundation serves approximately 1,000 on-campus, concurrent enrollment, and online students. The foundation fulfilled its exempt purpose during the current year by granting scholarships and providing funds for the college's curriculum.
Who is the CEO of Lamar Community College Foundation?
Joe Spitz is the Director of Lamar Community College Foundation.
What is the revenue of Lamar Community College Foundation?
Lamar Community College Foundation's revenue in 2022 was $673,824.
Who are the executives of Lamar Community College Foundation and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Lamar Community College Foundation?
Lamar Community College Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lamar Community College Foundation
Lamar Community College Foundation is committed to raising and distributing funds to support various initiatives at Lamar Community College and its surrounding communities. This nonprofit organization aims to serve approximately 1,000 students annually, including those enrolled on campus, concurrently, and online. The primary objectives of Lamar Community College Foundation are to provide scholarships, support program development, facilitate capital construction projects, and engage in other opportunities that benefit the college and its community. Through these efforts, the foundation strives to enhance the educational experience and opportunities for students at Lamar Community College. During the current year, the foundation achieved its exempt purpose by awarding scholarships and providing funds for the college's curriculum.
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Impact
July, 2024
The Lamar Community College Foundation's impact lies in its ability to support Lamar Community College and its students through the solicitation and provision of funds for scholarships, program development, capital construction, and other opportunities. By awarding scholarships and providing financial support for the college's curriculum, the foundation plays a crucial role in helping approximately 1,000 on-campus, concurrent enrollment, and online students annually. This philanthropic work directly contributes to the growth and success of the college and its surrounding communities.
This information is meant to be a general summary of Lamar 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.
- Gross Receipts: $676,027
Assets and Liabilities:
- Total Assets: $2,151,082
- Total Liabilities: $1,051,499
- Net Assets: $1,099,583
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Organization Details
Founding Year
1973
Phone
(719) 336-1520Principal Officer
Joe Spitz
Main Address
2401 SOUTH MAIN, LAMAR, CO, 81052
NTEE Category
Code: T31 - Philanthropy
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