Overview
What is The Santa Monica College Foundation?
The Santa Monica College Foundation is a nonprofit organization situated in Santa Monica, California. Its primary mission is to support and advance the educational endeavors of Santa Monica College by raising funds. This includes offering scholarships to students, funding annual programs to boost enrollment, and acknowledging outstanding achievements through events like public policy symposiums. The foundation also provides emergency relief for students facing unexpected hardships by securing funds. Additionally, it supports campus-wide events such as VIP Day, Commencement, and one-time events like guest lecturers. The organization plays a significant role in private fundraising efforts for Santa Monica College, aiming to provide affordable, high-quality education to its students and faculty.
Official website here: www.santamonicacollegefoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 97% - Four-Star out of Four Star rating
The Santa Monica College Foundation has earned an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. With an overall score derived entirely from a 97% accountability and finance rating, the foundation showcases excellent governance practices, including a fully independent board and transparent financial oversight.
The organization demonstrates strong financial health, reflected in its low liabilities to assets ratio and a high program expense ratio, indicating that a significant portion of its budget is allocated to its mission-driven programs. Additionally, its fundraising efficiency is notable, requiring only $0.08 to raise each dollar, which suggests effective fundraising strategies.
However, the salary of the CEO, Elizabeth A. Moore, at $247,014 may raise questions about compensation levels within the organization. Despite this, the foundation's overall robust financial management and adherence to best practices position it well as a trustworthy nonprofit dedicated to supporting Santa Monica College students and initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is The Santa Monica College Foundation legitimate?
The Santa Monica College Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Santa Monica 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: $102,681
Professional Fundraising Fees: $0
Other Salaries and Wages: $266,864
For more financial information, click here
Official website here: www.santamonicacollegefoundation.org
What is the mission statement of The Santa Monica College Foundation?
The Santa Monica College Foundation's mission is to spearhead private fundraising efforts for Santa Monica College, supporting the institution's mission to provide accessible and affordable higher education. The foundation receives, distributes, and invests private donations to bolster college services and activities. It also raises annual gifts to initiate programs that benefit the college, its students, and faculty. The Santa Monica College Foundation plays a crucial role in enhancing the educational experience at the college through its fundraising efforts.
Official website here: www.santamonicacollegefoundation.org
Who is the CEO of The Santa Monica College Foundation?
Elizabeth A Moore is the CEO of The Santa Monica College Foundation The CEO's salary of The Santa Monica College Foundation is $70,428 and their total compensation is $295,764.
Official website here: www.santamonicacollegefoundation.org
What is the revenue of The Santa Monica College Foundation?
The Santa Monica College Foundation's revenue in 2023 was $4,860,408.
Official website here: www.santamonicacollegefoundation.org
Who are the executives of The Santa Monica College Foundation and what are their salaries?
The average compensation at The Santa Monica College Foundation during 2023 was $61,591. There are 6 employees and 12 volunteers at The Santa Monica College Foundation.
Here are 14 key members and their salaries (The Santa Monica College Foundation's CEO's salary is $70,428 and their total compensation is $295,764):
- Compensation: $70,428
- Related: $176,586
- Other: $48,750
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Official website here: www.santamonicacollegefoundation.org
Where can I find the form 990 for The Santa Monica College Foundation?
The Santa Monica College Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.santamonicacollegefoundation.org
Learn more at the official website: www.santamonicacollegefoundation.org
Mission Statement of The Santa Monica College Foundation
The Santa Monica College Foundation plays a crucial role in the private fundraising efforts of Santa Monica College. Its mission is to support the college's mission of providing open and affordable access to high-quality education. The foundation accomplishes this by receiving, dispersing, and investing private donations in various college services and activities. These donations help initiate programs that benefit the college, its students, and faculty. The Santa Monica College Foundation is committed to raising annual gifts, contributing significantly to the betterment of the institution and its community.
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Impact
July, 2024
The Santa Monica College Foundation's impact lies in its provision of scholarships to Santa Monica College students, enhancing student programming and assistance. By supporting various student services programs, such as the Veterans' Resource Center, Black Collegians Program, Latino Center, and more, the foundation works to advance educational and counseling support for students. Furthermore, the foundation raises funds for initiatives like increasing enrollment, acknowledging outstanding achievements, and providing emergency relief for students facing unforeseen hardships. The foundation also contributes to campus-wide events and programs that enrich the college experience for students, faculty, and the community.
This information is meant to be a general summary of The Santa Monica 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 2023.
- Investment Income: $959,866
- Gross Receipts: $14,148,193
Assets and Liabilities:
- Total Assets: $31,911,000
- Total Liabilities: $89,594
- Net Assets: $31,821,406
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Organization Details
Founding Year
1956
Principal Officer
Elizabeth A Moore
NTEE Category
Code: B820 - Education
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