Century College Foundation
Nonprofit profile at a glance
- EIN
- 237401534
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- White Bear Lake, MN, USA
- Phone
- 6517793338
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Community or Junior Colleges
Reported finances
- Revenue
- $2,001,696
- Expenses
- $1,515,024
- Assets
- $8,254,857
- Liabilities
- $31,621
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
23 people listed
Executive titles in this filing
- RUSSELL FLEMING (PRESIDENT)
- GREG MUELLER (VICE PRESIDENT)
- NORA SLAWIK (EXECUTIVE DIRECTOR)
Highest reported compensation
- NORA SLAWIK (EXECUTIVE DIRECTOR): $160,853 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The century college foundation actively supports century college through strategic collaborations, providing student scholarships, emergency grants, and crucial program support to enhance student success and workforce development.
What it reported doing in 2024
The century college foundation bridged affordability gaps by raising and awarding nearly $325,000 in scholarships to 288 students. It garnered nearly $800,000 in grants, enriching programs like the start right program for first-time college students' success. It partnered with 3m, h.b. Fuller, and xcel energy, creating scholarships for solar energy, skilled trades, and other high-demand fields.in partnership with the auto body technology department, the century college foundation raised $70,000 through a successful paint booth fundraiser, with support from local auto dealers and the Minnesota chamber waste wise program. Century college is expanding its dental hygiene program to address workforce shortages and increase clinic capacity, supported by a grant from the delta dental of Minnesota foundation and the century college foundation. Set for completion in summer 2025, this project will create equitable career pathways for diverse student populations while addressing critical community health needs.beyond these partnerships, the foundation provided acts of kindness grants to support students' basic needs.
Operating model
- Revenue model
- Donor-supported. 90% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 79
- Transparency & Controls: 75
- Accountability: 95
- Sustainability: 83
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 71.5%; rating input score 72
- Program expense ratio: 89.1%; rating input score 89
- Fundraising efficiency: $72.74 raised per $1 spent on fundraising; rating input score 83; 83rd percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 24.3%; rating input score 81; 81st percentile among comparable filings
- Total-asset coverage ratio: 5.45; rating input score 85; 85th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 90; 90th percentile among comparable filings
- Officer compensation ratio: 1.7%; rating input score 77; 77th percentile among comparable filings
Growth
- Program expense growth: 1.6% per year; rating input score 100; 20th percentile among comparable filings
- Revenue growth: 4.7% per year; rating input score 100; 39th percentile among comparable filings
- Asset growth: 10.3% per year; rating input score 100; 59th percentile among comparable filings
Details
- Where the money goes: 71.5% of revenue deployed · 89.1% of spending went to programs
- Governance: 23 of 23 board members independent · 7 of 8 filing controls reported
- Programs: 2 filed program accomplishments · $1.3M in reported program spending
- Leadership: top reported pay $161K · 23 people listed · 1 of 6 pay-setting controls reported
- Consistency: 27 of 27 current checks pass
- Schedules: 8 filed schedules · includes major donors, grants, and executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: 2 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: CEO compensation review process not reported.