Overview
What is Centralia College Foundation?
Centralia College Foundation is a charitable organization, established in 1982, situated in Centralia, Washington. Its primary purpose is to generate funds that bolster Centralia College by offering scholarship awards to students, faculty, and staff. Financial aid for students helps cover tuition and fee expenses. Meanwhile, awards for staff and faculty provide resources such as equipment for service provision or instruction, or funds for professional development and enrichment. The mission of the Centralia College Foundation is to foster opportunities for student success and community growth, as well as recognizing distinguished alumni and supporting faculty and staff development.
Official website here: www.centralia.edu/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 78%, Three-Star out of Four Star rating.
The Centralia College Foundation has received a solid rating of 78%, indicating a commendable level of accountability and finance management. The score is based entirely on the Accountability & Finance beacon, which highlights the importance placed on responsible financial practices for nonprofits. This rating reflects the foundation's strong governance structure, with a fully independent board and no reported material diversion of assets.
Strengths of the foundation include an excellent program expense ratio of 66.56%, demonstrating that a significant portion of funds is used for programmatic purposes rather than administrative costs. Additionally, the foundation has a robust working capital ratio, ensuring it has the resources to sustain its operations over the long term. However, some areas noted for improvement include the absence of a whistleblower policy and a document retention policy, which may raise concerns about transparency and governance.
Overall, while the Centralia College Foundation shows strong financial accountability and governance, there are opportunities for enhancement in its policies. The foundation's effective use of funds and solid financial ratios suggest it is well-positioned to continue supporting its mission, but strengthening its governance policies could further enhance its credibility and trustworthiness.
This AI summary has been generated from information found on Charity Navigator.
Is Centralia College Foundation legitimate?
Centralia College Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Centralia 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:
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For more financial information, click here
Official website here: www.centralia.edu/foundation
What is the mission statement of Centralia College Foundation?
The Centralia College Foundation, established in 1982, serves a vital role in supporting Centralia College. Its primary mission is to enhance students' lives and enable their success by raising funds for various initiatives. This includes providing scholarship assistance to students, faculty, and staff. Scholarships for students aid in covering tuition and fees, while scholarships and awards for staff and faculty enable them to acquire necessary equipment or funds for professional development and enrichment. Additionally, the foundation recognizes distinguished alumni, thereby strengthening the community by fostering a sense of pride and engagement with the college.
Official website here: www.centralia.edu/foundation
Who is the CEO of Centralia College Foundation?
John Klumper is the President of Centralia College Foundation.
Official website here: www.centralia.edu/foundation
What is the revenue of Centralia College Foundation?
Centralia College Foundation's revenue in 2022 was $1,799,150.
Official website here: www.centralia.edu/foundation
Who are the executives of Centralia College Foundation and what are their salaries?
There 40 volunteers at Centralia College Foundation.
Here are 8 key members and their salaries:
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Official website here: www.centralia.edu/foundation
Where can I find the form 990 for Centralia College Foundation?
Centralia College Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.centralia.edu/foundation
Learn more at the official website: www.centralia.edu/foundation
Mission Statement of Centralia College Foundation
The Centralia College Foundation, established in 1982, is dedicated to enhancing the lives of students and strengthening the community. Its primary mission is to raise funds in support of Centralia College. This support extends to various initiatives, including providing scholarship assistance to students, recognizing distinguished faculty and staff, and funding development and enrichment programs.
The scholarship awards offered by the Centralia College Foundation serve two crucial purposes. Firstly, they offer financial aid to students, helping them cover tuition and fees, thereby reducing the financial burden on them. Secondly, the foundation provides scholarships and awards for staff and faculty. These awards can be used for purchasing equipment needed for providing services or instruction, or for funding professional development or enrichment programs.
In essence, the Centralia College Foundation plays a vital role in the educational journey of its students and the professional growth of its faculty and staff. By raising funds and strategically allocating them, the foundation contributes to the overall success of Centralia College and the students it serves.
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Impact
July, 2024
Centralia College Foundation's impact can be seen in the tangible opportunities it creates to improve students' lives, enable success, and strengthen the community. By providing scholarship awards to students, staff, and faculty, the Foundation directly supports individuals in pursuing their educational goals. These scholarships offer financial assistance towards tuition and fees, making higher education more accessible.
Additionally, the Foundation's provision of scholarships and awards to staff and faculty helps in enhancing the quality of education by providing necessary equipment for services or instruction, as well as funds for professional development and enrichment. Through its efforts, the Centralia College Foundation plays a crucial role in supporting the educational and professional growth of individuals within the community, ultimately contributing to a stronger, more knowledgeable workforce.
This information is meant to be a general summary of Centralia 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.
- Program Service Revenue: $82,907
- Gross Receipts: $1,799,150
Assets and Liabilities:
- Total Assets: $25,466,290
- Total Liabilities: $146,136
- Net Assets: $25,320,154
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CLUB INCOME
Revenue
$47,339
SWFT CENTER
Revenue
$35,568
Organization Details
Founding Year
1982
Phone
(360) 736-9391Principal Officer
John Klumper
Main Address
600 CENTRALIA COLLEGE BLVD, CENTRALIA, WA, 98531
Website
www.centralia.edu/foundationNTEE Category
Code: B42 - Education
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