Overview
What is Jefferson Community Technical College Foundation Inc?
Jefferson Community Technical College Foundation Inc, based in Louisville, Kentucky, serves as a vital link between private and public resources, aiming to augment the benefits of Jefferson Community & Technical College. The primary goal of this organization is to provide scholarships for students seeking education at the college. To achieve this, they establish strategic alliances and actively pursue external funding sources. The Foundation's mission enriches the educational opportunities available at Jefferson Community & Technical College, contributing to the overall growth and development of the student body and the community at large.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Star Rating)
Jefferson Community Technical College Foundation Inc has been assessed with a solid 86% rating, highlighting its strong performance in accountability and finance. The charity boasts a high percentage of independent board members, which contributes to its governance integrity, and it has shown excellent management of its financial resources, with a program expense ratio of 95.58%. This indicates that a significant portion of its funds are directed towards its core mission.
However, there are notable areas for improvement. The foundation lacks a whistleblower policy and a document retention and destruction policy, which are essential for maintaining transparency and accountability. While it has an effective audit and oversight committee and low liabilities in relation to its assets, the absence of these policies could pose risks to its operational integrity.
Overall, while Jefferson Community Technical College Foundation Inc demonstrates strong financial health and governance practices, enhancing its policies on whistleblowing and document management would further strengthen its accountability framework and potentially improve its overall rating.
This AI summary has been generated from information found on Charity Navigator.
Is Jefferson Community Technical College Foundation Inc legitimate?
Jefferson Community Technical College Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Jefferson Community Technical College Foundation Inc 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.
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What is the mission statement of Jefferson Community Technical College Foundation Inc?
The Jefferson Community Technical College Foundation Inc's mission is centered around establishing strategic partnerships with both private and public resources. Their primary goal is to seek out external funding sources that can positively impact Jefferson Community & Technical College. In essence, the foundation's role is to contribute financially to the college, thereby benefiting its students and overall operations. One of their key activities includes providing scholarships, enabling deserving students to attend Jefferson Community & Technical College.
Who is the CEO of Jefferson Community Technical College Foundation Inc?
Don Schieman is the Chair Emeritus of Jefferson Community Technical College Foundation Inc.
What is the revenue of Jefferson Community Technical College Foundation Inc?
Jefferson Community Technical College Foundation Inc's revenue in 2022 was $637,456.
Who are the executives of Jefferson Community Technical College Foundation Inc and what are their salaries?
Here are 27 key members and their salaries:
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Where can I find the form 990 for Jefferson Community Technical College Foundation Inc?
Jefferson Community Technical College Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Jefferson Community Technical College Foundation Inc
Jefferson Community & Technical College Foundation Inc's mission is centered around building strategic partnerships with both private and public resources. Their primary goal is to explore various external funding sources that can contribute positively to Jefferson Community & Technical College. By pursuing these funding opportunities, the foundation aims to enhance the educational experiences of students attending this technical college. The foundation's mission is instrumental in providing scholarships, enabling students to attend Jefferson Community & Technical College, thereby fostering their personal and professional growth.
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Impact
July, 2024
Jefferson Community Technical College Foundation Inc's impact is significant in providing scholarships for students to attend Jefferson Community & Technical College in Louisville, KY. Through developing strategic alliances with private and public resources and pursuing external funding sources, the foundation supports students in achieving their educational goals. This direct assistance helps empower individuals to access higher education and advance their careers, contributing to the overall growth and success of the community. The foundation's focus on education aligns with its mission to enhance educational opportunities and improve lives through financial support.
This information is meant to be a general summary of Jefferson Community Technical College Foundation Inc. 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: $1,104
- Gross Receipts: $657,539
Assets and Liabilities:
- Total Assets: $6,063,573
- Total Liabilities: $27,520
- Net Assets: $6,036,053
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Organization Details
Founding Year
1968
Phone
(502) 213-2495Principal Officer
Don Schieman
Main Address
109 EAST BROADWAY 302A, LOUISVILLE, KY, 40202
NTEE Category
Code: B41 - Education
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