Overview
What is Wake Technical Community College Foundation?
Wake Technical Community College Foundation is a nonprofit organization situated in Raleigh, North Carolina, specifically at 9101 Fayetteville Road. Their primary mission is to support Wake Technical Community College by collaborating with private entities and individuals to amplify awareness, secure financial resources, and obtain other assets. The foundation achieves this by providing scholarships to students pursuing diplomas, certificates, or associate degrees in various curriculum programs or continuing education. Scholarships are awarded through an online application process and can range from $100 to $3,000 annually. The funding for these scholarships comes from corporations, individuals, grants, and foundations. The foundation's scholarships aim to assist students based on financial need or academic merit, as per the donor's preference.
Official website here: www.foundation.waketech
What are the reviews and ratings of this charity?
100% rating from Charity Navigator, the Wake Technical Community College Foundation has earned a prestigious Four-Star out of Four Star rating. This high score reflects the organization's strong accountability and finance practices, which are crucial for donor trust and organizational effectiveness.
The foundation's governance is notably strong, with 87% of its board members being independent. This commitment to independence, combined with a robust financial oversight structure, has contributed to a high level of transparency and ethical management. The organization demonstrates a solid financial foundation with a low liabilities-to-assets ratio and an impressive program expense ratio, indicating that the majority of funds are directed towards its mission.
While the foundation boasts commendable financial health and operational practices, the data suggests that it excels particularly in accountability rather than outreach or programmatic impact. Overall, the Wake Technical Community College Foundation appears to be a reliable and well-managed organization, making it a compelling choice for donors seeking to support educational initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Wake Technical Community College Foundation legitimate?
Wake Technical Community College Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wake Technical Community 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: $314,122
For more financial information, click here
Official website here: www.foundation.waketech
What is the mission statement of Wake Technical Community College Foundation?
The Wake Technical Community College Foundation collaborates with private entities and individuals to increase awareness, secure financial resources, and obtain other assets for Wake Technical Community College. This support is instrumental in advancing the college's mission, goals, and funding priorities. The foundation manages a scholarship program, providing monetary awards to students pursuing diplomas, certificates, or associate degrees, or participating in continuing education. Scholarships can be merit-based or need-based, depending on the donor's preference. These scholarships are awarded through an online, anonymous application process, with funding sourced from corporations, individuals, grants, and foundations. The scholarships range from $100 to $3,000 annually.
Official website here: www.foundation.waketech
What is the revenue of Wake Technical Community College Foundation?
Wake Technical Community College Foundation's revenue in 2024 was $5,482,946.
Official website here: www.foundation.waketech
Who are the executives of Wake Technical Community College Foundation and what are their salaries?
The average compensation at Wake Technical Community College Foundation during 2024 was $39,265. There are 8 employees and 21 volunteers at Wake Technical Community College Foundation.
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Official website here: www.foundation.waketech
Where can I find the form 990 for Wake Technical Community College Foundation?
Wake Technical Community College Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.foundation.waketech
Learn more at the official website: www.foundation.waketech
Mission Statement of Wake Technical Community College Foundation
Wake Technical Community College Foundation plays a crucial role in partnering with private entities and individuals to raise awareness, financial resources, and other assets in support of Wake Technical Community College's mission, goals, and funding priorities. This nonprofit organization's mission is centered around bolstering the educational institution's resources, thereby contributing to its success and the fulfillment of its objectives.
Key to the Wake Technical Community College Foundation's mission is its dedication to granting scholarships to students. These monetary awards can be allocated to assist diploma, certificate, or associate degree students in any curriculum program or continuing education, based on the donor's preferences. The scholarships can be awarded based on either financial need or academic merit, and students can apply for them through an online, anonymous application process. Scholarships offered by the foundation range from $100 to $3,000 annually, with funding coming from corporations, individuals, grants, and foundations.
In summary, the Wake Technical Community College Foundation's mission is to collaborate with various entities and individuals to bolster the financial resources and support of Wake Technical Community College. A significant aspect of this mission is providing scholarships to students, which can be awarded based on financial need or academic merit. The foundation's activities contribute to the overall success and achievement of students at Wake Technical Community College.
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Impact
October, 2024
Wake Technical Community College Foundation plays a crucial role in enhancing educational opportunities for students by securing financial resources and support for Wake Technical Community College. Through partnerships with private entities and individuals, the foundation raises awareness and funds that directly contribute to the college's mission and goals.
The foundation is instrumental in providing scholarships to students, which can be awarded based on financial need or academic merit, depending on donor preferences. These scholarships assist students pursuing diplomas, certificates, or associate degrees across various programs, as well as those in continuing education.
Awards range from $100 to $3,000 per year and are facilitated through an anonymous online application process, ensuring accessibility for all students. Funding for these scholarships comes from diverse sources, including corporations, individuals, grants, and foundations.
Ultimately, the Wake Technical Community College Foundation empowers students by removing financial barriers, allowing them to achieve their educational aspirations and succeed in their chosen fields.
This information is meant to be a general summary of Wake Technical Community 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 2024.
- Investment Income: $619,800
- Program Service Revenue: $6,000
- Gross Receipts: $20,060,554
Assets and Liabilities:
- Total Assets: $24,851,874
- Total Liabilities: $65,420
- Net Assets: $24,786,454
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OTHER PROGRAM SERVICES
Revenue
$6,000
Organization Details
Founding Year
1968
Principal Officer
Matthew Smith
Website
www.foundation.waketechNTEE Category
Code: B41I - Education
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