Overview
What is Ivy Tech Foundation Inc?
Ivy Tech Foundation Inc is a charitable organization located in Indianapolis, Indiana, specifically at 50 W Fall Creek Parkway North Drive. Their primary mission is to collect and manage funds to provide financial aid for students attending Ivy Tech Community College. They solicit, receive, and administer donations, and make expenditures to benefit the college. By investing and holding property, they secure the financial resources needed to support students in their academic pursuits. The foundation plays a crucial role in expanding educational opportunities for individuals within the community.
Official website here: www.giving.ivytech
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Star rating)
The Ivy Tech Foundation Inc has achieved a remarkable 100% rating from Charity Navigator, which signifies exceptional performance in accountability and finance. This high score is grounded in the foundation’s robust financial oversight, with a perfect score in multiple accountability benchmarks, including a 100% program expense ratio, indicating that a significant majority of its expenditures are directed toward its mission-driven programs.
The organization displays strong governance, with a fully independent board of directors and comprehensive policies on conflict of interest, whistleblower protections, and document retention. Additionally, it maintains transparency through regular posting of financial documents and meeting minutes, helping to foster trust among stakeholders and beneficiaries.
Despite its strengths, the data does not highlight specific community impact or programmatic achievements, which are essential for evaluating the overall effectiveness of a nonprofit. However, the focus on financial health and accountability positions the Ivy Tech Foundation as a trustworthy organization within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Ivy Tech Foundation Inc legitimate?
Ivy Tech Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ivy 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: $110,920
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.giving.ivytech
What is the mission statement of Ivy Tech Foundation Inc?
The Ivy Tech Foundation Inc functions to gather, manage, and distribute funds for the advantage of Ivy Tech Community College. Their primary activities include soliciting and accepting donations, and making expenditures for the college's benefit. The foundation plays a crucial role in financially supporting students attending Ivy Tech Community College by administering donations for their financial aid.
Official website here: www.giving.ivytech
What is the revenue of Ivy Tech Foundation Inc?
Ivy Tech Foundation Inc's revenue in 2024 was $23,032,210.
Official website here: www.giving.ivytech
Who are the executives of Ivy Tech Foundation Inc and what are their salaries?
There 400 volunteers at Ivy Tech Foundation Inc.
Here are 55 key members and their salaries:
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- Related: $375,300
- Other: $29,073
Official website here: www.giving.ivytech
Where can I find the form 990 for Ivy Tech Foundation Inc?
Ivy Tech Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.giving.ivytech
Learn more at the official website: www.giving.ivytech
Mission Statement of Ivy Tech Foundation Inc
Ivy Tech Foundation Inc is a dedicated organization that plays a vital role in supporting Ivy Tech Community College. Its mission is multifaceted, encompassing the receipt, holding, investment, and administration of property, as well as the solicitation and receipt of contributions. The foundation then makes expenditures for the benefit of the college. In essence, Ivy Tech Foundation Inc serves as a fundraising and financial managing entity for Ivy Tech Community College. It collects donations from various sources, manages these funds, and invests them to generate income for the college. These funds are subsequently used to provide financial aid for students attending Ivy Tech Community College. By doing so, the foundation enables deserving students to pursue their education despite financial constraints. Ivy Tech Foundation Inc's mission is instrumental in ensuring that deserving individuals have access to quality education, thereby empowering them to build better futures for themselves and their communities.
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Impact
October, 2024
Ivy Tech Foundation Inc makes a significant impact by supporting students attending Ivy Tech Community College through financial aid. By soliciting, receiving, and administering donations, the foundation ensures that students have the necessary resources to pursue their educational goals. This support not only helps alleviate the financial burden of tuition and related costs but also opens doors for a diverse range of learners to access higher education. The foundation's efforts contribute to the community by fostering educational attainment and enhancing workforce development in Indiana. Through strategic investments and contributions, Ivy Tech Foundation Inc plays a crucial role in empowering students to succeed and thrive in their academic and professional endeavors.
This information is meant to be a general summary of Ivy 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 2024.
- Investment Income: $4,063,771
- Gross Receipts: $491,726,405
Assets and Liabilities:
- Total Assets: $147,776,928
- Total Liabilities: $580,842
- Net Assets: $147,196,086
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Organization Details
Founding Year
1969
Principal Officer
Courtney Roberts
Website
www.giving.ivytechNTEE Category
Code: B114 - Education
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