Overview
What is Hartnell College Foundation?
The Hartnell College Foundation, established in 1979, initially focused on fundraising for student scholarships. Over the years, it has broadened its scope to encompass supporting the college and its students in various ways, including scholarships, facilities, workforce development, and innovative programs. In 2006-2012, the Foundation completed a successful comprehensive capital campaign, raising $12 million and expanding its board to engage over 250 community leaders. From 2012-2019, the Foundation surpassed its $15 million fundraising goal with $45 million, and recently initiated another fundraising plan for 2020-2025. This plan outlines initiatives in areas like student scholarships, STEM programs, agriculture business, nursing and health sciences, arts programs, and higher education expansion, totaling a new goal of $34.1 million. The Hartnell College Foundation's mission is to cultivate resources to champion student success.
Official website here: www.hartnellfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
The Hartnell College Foundation has received a commendable Four-Star rating from Charity Navigator, reflecting a high level of accountability and financial performance. The overall score is based entirely on the foundation's accountability and finance metrics, which achieved a perfect score of 97. This indicates that the organization is effectively managing its resources and adhering to best practices in governance and financial oversight.
Strengths of the foundation include a fully independent board, with 92% of its members qualifying as independent, as well as a robust financial structure evidenced by a low liabilities-to-assets ratio of 2.27%. The foundation demonstrates strong program expenditure, allocating over 91% of its expenses directly to programs, which signifies a commitment to its mission. Fundraising efficiency is also notable, with a cost of just $0.022 for each dollar raised.
While the data does not highlight specific limitations, the strong performance metrics suggest that the Hartnell College Foundation is well-positioned in terms of financial stability and governance. Overall, the foundation appears to be a reliable organization that effectively supports its mission while maintaining high standards of accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Hartnell College Foundation legitimate?
Hartnell College Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hartnell 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: $418,294
For more financial information, click here
Official website here: www.hartnellfoundation.org
What is the mission statement of Hartnell College Foundation?
The Hartnell College Foundation is dedicated to amplifying resources to foster student success. Originating in 1979, its initial focus was on student scholarships. Today, the foundation extends its support to the college and its students through scholarships, facility improvements, workforce development, and innovative programs. In the period between 2006 and 2012, the Foundation embarked on its first comprehensive capital campaign, raising $12 million and expanding its board and committees to involve over 250 community leaders. Following this, a President's Task Force was launched in 2012, which identified key initiatives for private support. Between 2012 and 2019, the Foundation surpassed its fundraising goal of $15 million, raising a total of $45 million. The latest fundraising plan, developed by another community-led President's Task Force, focuses on innovative and accelerated programs, student scholarships and internships, STEM programs, K-12 partnerships, agriculture business and technology, nursing and health sciences, athletics, arts programs, and the expansion of higher education through regional educational centers, online education, and digital equity. The new fundraising goal is set at $34.1 million.
Official website here: www.hartnellfoundation.org
Who is the CEO of Hartnell College Foundation?
Kerry Varney is the Vp Adv Dev & Ed of Hartnell College Foundation.
Official website here: www.hartnellfoundation.org
What is the revenue of Hartnell College Foundation?
Hartnell College Foundation's revenue in 2022 was $12,933,522.
Official website here: www.hartnellfoundation.org
Who are the executives of Hartnell College Foundation and what are their salaries?
The average compensation at Hartnell College Foundation during 2022 was $2,826. There are 148 employees and 150 volunteers at Hartnell College Foundation.
Here are 37 key members and their salaries:
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Official website here: www.hartnellfoundation.org
Where can I find the form 990 for Hartnell College Foundation?
Hartnell College Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hartnellfoundation.org
Learn more at the official website: www.hartnellfoundation.org
Mission Statement of Hartnell College Foundation
The Hartnell College Foundation, a non-profit organization, is dedicated to amassing resources to foster student success at Hartnell College. Established in 1979, its initial focus was on securing funds for student scholarships. Over the years, the Foundation's scope expanded, now providing support for student scholarships, facilities, workforce development, and innovative programs.
In the period between 2006 and 2012, the Foundation spearheaded Hartnell College's first comprehensive capital campaign, raising an impressive $12 million. With the help of over 250 community leaders, the organization's reach extended beyond academic scholarships. Following this successful campaign, the Foundation launched a President's Task Force in 2012. This group undertook a campus-wide needs assessment, identifying key initiatives suitable for private support. These initiatives formed the basis of a five-year, $15 million funding plan.
Between 2012 and 2019, the Foundation surpassed its fundraising goal by raising a remarkable $45 million, nearly triple the original target. In response to the changing educational landscape, the Foundation organized another community-led President's Task Force. This group's efforts resulted in a new funding plan for 2020-2025, focusing on innovative and accelerated programs, student success scholarships and internships, STEM initiatives, agricultural business and technology, nursing and health sciences, athletics, arts programs, and the expansion of higher education through regional educational centers, online education, and digital equity. The Foundation's new fundraising goal is set at $34.1 million.
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Impact
October, 2024
Hartnell College Foundation has significantly impacted students and the broader Salinas community by fostering resources that enhance educational opportunities and drive student success. Established in 1979 with a focus on student scholarships, the Foundation has evolved to support a wider range of initiatives, including innovative programs, workforce development, and essential facilities.
From 2006 to 2012, the Foundation undertook a groundbreaking capital campaign that raised $12 million—marking the first comprehensive fundraising effort in the college's 85-year history. This success was driven by the engagement of over 250 community leaders who contributed to its mission. Following the campaign, the formation of the President's Task Force in 2012 led to a thorough assessment of the college's needs, resulting in a five-year funding plan that aimed to raise $15 million. The Foundation not only met this goal but exceeded it significantly, raising $45 million from 2012 to 2019, which helped to underwrite transformative programs and services.
In its latest endeavor, the Foundation has initiated a new funding plan for 2020-2025, targeting a goal of $34.1 million to support various initiatives. These include scholarships for first-time college students through the Salinas Valley Promise, STEM-related programs, internships, health sciences, agriculture business, and expanding access to higher education through innovative online and regional educational offerings. The Foundation continues to play a pivotal role in empowering students, ensuring that they have the resources and support necessary to thrive academically and professionally.
This information is meant to be a general summary of Hartnell 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: $985,687
- Gross Receipts: $13,226,778
Assets and Liabilities:
- Total Assets: $52,598,427
- Total Liabilities: $1,544,560
- Net Assets: $51,053,867
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Organization Details
Founding Year
1979
Phone
(831) 755-6810Principal Officer
Kerry Varney
Main Address
411 CENTRAL AVENUE, SALINAS, CA, 93901
Website
www.hartnellfoundation.orgNTEE Category
Code: B41I - Education
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