Overview
What is Edmonds College Foundation?
Edmonds College Foundation is a nonprofit organization situated in Lynnwood, Washington, with a specific mission to support the educational aspirations of underserved students. By providing scholarships, they enable 146 deserving individuals to pursue their academic goals. The foundation's activities extend beyond financial aid, as they also aim to advance access, success, and excellence for students, faculty, and staff at Edmonds College. Established with the purpose of backing the objectives of the college, the Edmonds College Foundation offers financial assistance to various college programs, instructional departments, and activities, thereby contributing to the overall growth and development of the institution.
Official website here: www.edmonds.edu/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating
The Edmonds College Foundation has earned a Four-Star rating from Charity Navigator, reflecting a strong performance in accountability and finance. The foundation's overall score is derived exclusively from its accountability measures, indicating a commitment to transparency and responsible financial management. A score of 96% signifies that the organization is effectively managing its resources and adhering to best practices in governance.
Key strengths of the foundation include a fully independent board of directors and rigorous financial oversight, as evidenced by its perfect scores in board independence and audit committee activities. The foundation has demonstrated transparency in its operations by listing required documents on its website and maintaining policies for conflict of interest, whistleblowing, and document retention. This governance structure supports a high level of trust among stakeholders.
While the foundation's financial health appears robust, with a low liabilities-to-assets ratio of 1.55% and a commendable program expense ratio of 79.17%, the reliance on a single beacon score may limit a more comprehensive assessment of its overall impact and effectiveness. Nonetheless, the strong financial practices and commitment to accountability enhance the foundation's reputation and effectiveness in supporting its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Edmonds College Foundation legitimate?
Edmonds College Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Edmonds 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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For more financial information, click here
Official website here: www.edmonds.edu/foundation
What is the mission statement of Edmonds College Foundation?
The Edmonds College Foundation's mission is centered around supporting the success and excellence of students, faculty, and staff at Edmonds College. Established with the purpose of backing the objectives and activities of the college, the foundation provides financial assistance to various academic programs, departments, and activities. Additionally, it focuses on providing financial aid to underprivileged and deserving students to help them achieve their educational goals. To this end, the foundation supported 146 such students in their educational journeys.
Official website here: www.edmonds.edu/foundation
Who is the CEO of Edmonds College Foundation?
Tom Bull is the Interim Exec Director (Until 01/2022) of Edmonds College Foundation.
Official website here: www.edmonds.edu/foundation
What is the revenue of Edmonds College Foundation?
Edmonds College Foundation's revenue in 2022 was $1,561,547.
Official website here: www.edmonds.edu/foundation
Who are the executives of Edmonds College Foundation and what are their salaries?
There 124 volunteers at Edmonds College Foundation.
Here are 30 key members and their salaries:
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Official website here: www.edmonds.edu/foundation
Where can I find the form 990 for Edmonds College Foundation?
Edmonds College Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.edmonds.edu/foundation
Learn more at the official website: www.edmonds.edu/foundation
Mission Statement of Edmonds College Foundation
The Edmonds College Foundation, established with the purpose of supporting Edmonds College, aims to promote access, success, and excellence for students, faculty, and staff at the college. To accomplish this mission, the foundation provides financial assistance to various college programs, instructional departments, and activities. Furthermore, it extends financial support to underprivileged and deserving students, enabling them to pursue their educational goals.
In line with its mission, the Edmonds College Foundation has played a significant role in supporting deserving students. Over the years, it has supported 146 students financially, enabling them to achieve their educational objectives. By providing financial aid, the foundation has made higher education more accessible to a broader range of students, thereby contributing to the college's goal of promoting excellence and success.
In summary, the Edmonds College Foundation serves as a crucial pillar in the college's endeavor to provide quality education. By offering financial support to various college initiatives and deserving students, it contributes to the college's overall mission of promoting access, success, and excellence. The foundation's work is instrumental in ensuring that Edmonds College remains a vibrant and inclusive learning environment, where students from all backgrounds can thrive and achieve their academic goals.
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Impact
July, 2024
Edmonds College Foundation's impact lies in supporting access, success, and excellence for students, faculty, and staff at Edmonds College. Through scholarships, they have supported 146 underserved and deserving students, enabling them to achieve their educational goals. Their mission is to provide financial support to college programs, instructional departments, and activities, as well as to under-served and deserving students to further their educational goals. This support plays a crucial role in empowering individuals to pursue higher education and reach their full potential.
This information is meant to be a general summary of Edmonds 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: $198,916
- Gross Receipts: $4,158,987
Assets and Liabilities:
- Total Assets: $8,474,792
- Total Liabilities: $51,466
- Net Assets: $8,423,326
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Organization Details
Founding Year
1982
Phone
(425) 640-1274Principal Officer
Tom Bull
Main Address
20000 68TH AVE W, LYNNWOOD, WA, 98036
Website
www.edmonds.edu/foundationNTEE Category
Code: B42I - Education
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