Overview
What is Modesto Junior College Foundation?
The Modesto Junior College Foundation is a nonprofit organization situated in Modesto, California, specifically at 435 College Avenue. Its primary objective is to augment the resources available for the college's educational and student programs. To achieve this, the foundation participates in various events such as the annual Summer Sonata Gala, maintains direct mail correspondence with alumni and supporters, and actively engages in major gift fundraising, planned gift fundraising, and alumni relations. By doing so, the foundation contributes to funding student scholarships, emergency grants for students, purchasing instructional equipment, and facilitating improvements in curricula and campus facilities at Modesto Junior College. In essence, the MJC Foundation aims to boost community involvement and financial support to enhance the overall student experience and uphold the quality of education at Modesto Junior College.
Official website here: www.modestojcfoundation.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 94% (Four-Star out of Four Star rating)
The Modesto Junior College Foundation has received a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. With a score of 94%, the foundation demonstrates a solid commitment to transparency and effective governance, evidenced by its fully independent board and comprehensive financial oversight measures. The absence of material diversion of assets and a robust conflict of interest policy further enhance its credibility.
Strengths of the foundation include a high program expense ratio of 65.45%, indicating a significant portion of its budget is allocated directly to programs rather than administrative costs. Additionally, its fundraising efficiency is exceptional, with an impressive $0.01 spent to raise a dollar. This efficiency, combined with a favorable liabilities to assets ratio of 0.52%, showcases the foundation's financial health and operational effectiveness.
While overall performance is strong, there may be room for improvement in the program expense ratio, which could be higher for even greater impact. However, the foundation's commitment to maintaining high standards in governance and financial management is clear, making it a trustworthy organization for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Modesto Junior College Foundation legitimate?
Modesto Junior College Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Modesto Junior 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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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.modestojcfoundation.org
What is the mission statement of Modesto Junior College Foundation?
The Modesto Junior College Foundation's mission is to foster community engagement and secure financial resources, aiming to enhance the student experience and strengthen the educational quality at Modesto Junior College. They achieve this by inspiring support through various events, direct mail correspondence, major gift fundraising, planned gift fundraising, and alumni relations. The primary focus is on providing resources for student scholarships, emergency grants, instructional equipment, curriculum improvements, and facility enhancements across the college campus.
Official website here: www.modestojcfoundation.org
Who is the CEO of Modesto Junior College Foundation?
Unavailable
Official website here: www.modestojcfoundation.org
What is the revenue of Modesto Junior College Foundation?
Modesto Junior College Foundation's revenue in 2022 was $2,466,848.
Official website here: www.modestojcfoundation.org
Who are the executives of Modesto Junior College Foundation and what are their salaries?
There 12 volunteers at Modesto Junior College Foundation.
Here are 14 key members and their salaries:
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- Compensation: $159,875
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- Other: $18,267
Official website here: www.modestojcfoundation.org
Where can I find the form 990 for Modesto Junior College Foundation?
Modesto Junior College Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.modestojcfoundation.org
Learn more at the official website: www.modestojcfoundation.org
Mission Statement of Modesto Junior College Foundation
The Modesto Junior College Foundation's mission is centered around fostering community involvement and securing financial aid to enhance the overall student experience at Modesto Junior College. This nonprofit organization strives to bolster the quality of education provided by the college through various means. By engaging in events such as the Summer Sonata Gala, direct mail campaigns, major gift fundraising, planned gift fundraising, and alumni relations, the Foundation gathers resources to support student scholarships, emergency grants, instructional equipment, and facility improvements across the MJC campus. Ultimately, the goal of the Modesto Junior College Foundation is to empower the college's students and strengthen the educational programs, thereby enriching the learning experience for all involved.
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Impact
July, 2024
Modesto Junior College Foundation plays a vital role in enhancing the student experience and strengthening the quality of education at Modesto Junior College. Through various initiatives such as student scholarships, emergency grants, instructional equipment support, and facility enhancements, the Foundation ensures that students have access to resources that facilitate their academic success. By engaging with the community through events like the annual Summer Sonata Gala and alumni relations efforts, the Foundation fosters a culture of support and involvement that benefits both current and future students. The impact of Modesto Junior College Foundation is evident in the positive outcomes it creates for the college and its students, contributing to a thriving educational environment in Modesto, California.
This information is meant to be a general summary of Modesto Junior 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: $369,541
- Gross Receipts: $2,474,852
Assets and Liabilities:
- Total Assets: $14,874,780
- Total Liabilities: $98,687
- Net Assets: $14,776,093
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Organization Details
Founding Year
1968
Phone
(209) 575-6068Main Address
435 College Avenue, Modesto, CA, 95350
Website
www.modestojcfoundation.orgNTEE Category
Code: B41I - Education
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