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Mhc Academic Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 208407010 ✦ Martinsville, VA ✦ Designated as a 501(c)(3)

Overview

What is Mhc Academic Foundation?

Mhc Academic Foundation, located in Martinsville, Virginia, is a nonprofit organization with a mission to support educational growth and development in the area. They accomplish this by providing financial and other forms of assistance, specifically extending their support to New College Institute and students enrolled there. The foundation's primary objective is to foster the creation and delivery of degree programs and various courses, strategically addressing critical shortage areas and industry needs within the state. By offering direct and indirect support to these initiatives, Mhc Academic Foundation plays a crucial role in enhancing educational opportunities in Martinsville and Henry County, Virginia.


Official website here: www.mhcaf.org

Is Mhc Academic Foundation legitimate?

Mhc Academic Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mhc Academic 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.

Here are some key statistics you may want to consider:

Executive Compensation: $76,200
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,386

For more financial information, click here


Official website here: www.mhcaf.org

What is the mission statement of Mhc Academic Foundation?

The Mhc Academic Foundation is dedicated to providing financial and other forms of support for the dissemination of education. This includes backing the New College Institute in Martinsville and Henry County, Virginia, with the aim of addressing critical shortage areas and industry needs through the delivery of degree programs and courses. The foundation actively encourages and coordinates the development and delivery of these educational offerings, offering direct and indirect support to both the New College Institute and its students.


Official website here: www.mhcaf.org

Who is the CEO of Mhc Academic Foundation?

Jonathan Martin is the Treasurer of Mhc Academic Foundation.


Official website here: www.mhcaf.org

What is the revenue of Mhc Academic Foundation?

Mhc Academic Foundation's revenue in 2023 was $669,738.


Official website here: www.mhcaf.org

Who are the executives of Mhc Academic Foundation and what are their salaries?

The average compensation at Mhc Academic Foundation during 2023 was $38,793. There are 2 employees at Mhc Academic Foundation.

Here are 8 key members and their salaries:

    Kevin Dekoninck (Executive Dir.)
  • Compensation: $77,400
  • Related: $0
  • Other: $0

    • Simone Redd (Chairwoman) [Trustee/Director]
  • Compensation: $1,200
  • Related: $0
  • Other: $0

    • Darrell Jones (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Cary Wright (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Andrew Doss (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Schnika Hodge (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dr James Rountree (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jonathan Martin (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.mhcaf.org

    Where can I find the form 990 for Mhc Academic Foundation?

    The Mhc Academic Foundation’s most recent form 990 was submitted in 2023 and can be accessed here


    Official website here: www.mhcaf.org

    Learn more at the official website: www.mhcaf.org

    Mission Statement of Mhc Academic Foundation

    The Mhc Academic Foundation is committed to providing both financial and other forms of support for the dissemination of education in various capacities. Specifically, its mission focuses on backing the New College Institute in Martinville and Henry County, Virginia. This nonprofit organization plays a significant role in encouraging and coordinating the development and delivery of degree programs and various credit and non-credit courses. The primary objective is to address statewide critical shortage areas and meet the needs of local industries. To achieve this goal, the Mhc Academic Foundation offers direct and indirect support to both the New College Institute and the students attending it. In essence, the Mhc Academic Foundation serves as a catalyst for educational growth and development in the field, ensuring it aligns with the needs of the community.

    Impact

    This information is meant to be a general summary of Mhc Academic Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Wednesday, July 24, 2024

    Mhc Academic Foundation's impact is significant in supporting the dissemination of education in Martinsville and Henry County, Virginia. Specifically, the foundation plays a key role in providing financial and other support for the New College Institute and its students. By encouraging and coordinating the development and delivery of degree programs, credit courses, and non-credit courses, the foundation addresses critical shortage areas and industry needs in the region. The foundation's efforts ultimately contribute to enhancing educational opportunities and workforce development in Martinsville and Henry County.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $650,438
  • Program Service Revenue: $0
  • Gross Receipts: $4,120,991

    • Assets and Liabilities:
  • Total Assets: $13,028,839
  • Total Liabilities: $43,506
  • Net Assets: $12,985,333
  • Organization Details

    Founding Year

    2006

    Principal Officer

    Jonathan Martin

    Main Address

    PO BOX 492, MARTINSVILLE, VA, 24114

    NTEE Category

    Code: B114 - Education

    If you are a representative of Mhc Academic Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.