Overview
What is Oregon Tech Foundation Inc?
Oregon Tech Foundation Inc, located in Klamath Falls, Oregon, is a nonprofit organization dedicated to supporting students at the Oregon Institute of Technology. Their mission encompasses educational, cultural, charitable, and service functions, aiming to empower the institution. The foundation provides scholarships to deserving students based on merit, need, and various factors. The Oregon Tech Foundation's primary objective is to further the institute's objectives and contribute positively to the community.
Official website here: www.oit.edu/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Stars)
The Oregon Tech Foundation Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting its high level of accountability and transparency. The organization scored 95% in the Accountability & Finance category, indicating robust financial practices and a commitment to ethical governance. The organization’s financial health and management practices ensure that resources are efficiently utilized to support its mission.
Strengths include a fully independent board and a strong oversight structure, with all board members being independent and a well-functioning audit and oversight committee. The foundation demonstrates excellent financial ratios, with a low liabilities to assets ratio and a high program expense ratio, indicating that a significant portion of its funds is directed towards its programs rather than administrative costs.
While the foundation exhibits strong governance practices, no limitations are noted in the available data, suggesting a solid operational framework. Overall, the Oregon Tech Foundation Inc appears to be a trustworthy organization that effectively manages its resources to benefit its stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Oregon Tech Foundation Inc legitimate?
Oregon Tech Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Oregon Tech 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $345,037
For more financial information, click here
Official website here: www.oit.edu/foundation
What is the mission statement of Oregon Tech Foundation Inc?
The Oregon Tech Foundation Inc's mission is centered around promoting educational, cultural, charitable, and service functions for the Oregon Institute of Technology. This organization strives to support the institute in various capacities, with a primary focus on providing scholarships to its students. The scholarships are awarded based on merit, financial need, and other relevant factors. The aim is to contribute to the broader goals of the Oregon Institute of Technology, thereby fostering its growth and development.
Official website here: www.oit.edu/foundation
Who is the CEO of Oregon Tech Foundation Inc?
Alan Polaski is the President of Oregon Tech Foundation Inc.
Official website here: www.oit.edu/foundation
What is the revenue of Oregon Tech Foundation Inc?
Oregon Tech Foundation Inc's revenue in 2023 was $6,429,423.
Official website here: www.oit.edu/foundation
Who are the executives of Oregon Tech Foundation Inc and what are their salaries?
There 164 volunteers at Oregon Tech Foundation Inc.
Here are 26 key members and their salaries:
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Official website here: www.oit.edu/foundation
Where can I find the form 990 for Oregon Tech Foundation Inc?
Oregon Tech Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.oit.edu/foundation
Learn more at the official website: www.oit.edu/foundation
Mission Statement of Oregon Tech Foundation Inc
Oregon Tech Foundation Inc is committed to advancing the educational, cultural, charitable, and service-oriented roles of the Oregon Institute of Technology. The organization's primary mission is to foster these functions, aiming to elevate the institution's impact and reach. To accomplish this, the foundation provides scholarships to deserving students of Oregon Institute of Technology. These scholarships are awarded based on merit, financial need, and various other factors, ensuring that talented individuals have the opportunity to pursue their educational goals. By supporting students in this way, the Oregon Tech Foundation Inc contributes to the broader academic community, fostering a dynamic and engaged learning environment.
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Impact
October, 2024
Oregon Tech Foundation Inc significantly enhances the educational landscape by supporting the Oregon Institute of Technology through various initiatives. Its primary focus is on providing scholarships to students, ensuring that financial barriers do not hinder academic pursuits. These scholarships are awarded based on merit, financial need, and other criteria, enabling a diverse range of students to access quality education.
By promoting educational, cultural, charitable, and service functions, the foundation plays a crucial role in fostering an environment that values holistic development. The impact is particularly evident in Klamath Falls, where the foundation contributes to the community's growth by empowering students with the resources they need to succeed academically and professionally. The efforts of the Oregon Tech Foundation not only enrich the individual lives of students but also strengthen the fabric of the local community through enhanced education and opportunity.
This information is meant to be a general summary of Oregon Tech 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 2023.
- Investment Income: $2,785,905
- Program Service Revenue: $21,840
- Gross Receipts: $21,377,575
Assets and Liabilities:
- Total Assets: $41,590,298
- Total Liabilities: $3,396,154
- Net Assets: $38,194,144
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MISCELLANEOUS REVENUE
Revenue
$8,399
SALE OF MERCHANDISE
Revenue
$13,441
Organization Details
Founding Year
1969
Phone
(541) 885-1130Principal Officer
Alan Polaski
Main Address
3201 CAMPUS DR, KLAMATH FALLS, OR, 97601
Website
www.oit.edu/foundationNTEE Category
Code: B42I - Education
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