Overview
What is Davidson-Davie Community College?
Davidson-Davie Community College is supported by its foundation, which is dedicated to bolstering the educational journey of its students hailing from Davidson County. This nonprofit organization extends its aid through various means, primarily by offering scholarships and other essential forms of assistance. Their mission is clear: to empower the students of Davidson-Davie Community College, enabling them to pursue their academic goals more effectively.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 54% (One-Star out of Four Star rating)
Davidson-Davie Community College has received a low rating of 54% on Charity Navigator, indicating concerns regarding its financial health and program efficiency. While the organization scores well in governance, with 100% independent board members and comprehensive policies in place for conflicts of interest and whistleblowing, it struggles significantly with financial metrics.
The organization's program expense ratio is notably low at 42.33%, suggesting that a limited portion of its expenditures is directed towards its core programs. Additionally, the liabilities to assets ratio of 0.28% raises questions about its overall financial sustainability. Despite a strong rating for accountability and oversight, these financial indicators point to potential challenges that could affect the organization's effectiveness and long-term viability.
In summary, while Davidson-Davie Community College demonstrates good governance practices, the financial metrics reveal critical areas that require improvement. Stakeholders may want to consider these factors when evaluating the nonprofit's capability to fulfill its mission effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Davidson-Davie Community College legitimate?
Davidson-Davie Community College is a legitimate nonprofit organization registered as a 501(c)(3) entity. Davidson-Davie Community College 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 Davidson-Davie Community College?
Davidson-Davie Community College's mission is centered around providing assistance for its students. Specifically, the institution aims to offer scholarships and various forms of support to help students at Davidson County Community College succeed in their academic pursuits. The Davidson-Davie Community College Foundation, an entity associated with the college, carries out these initiatives through its programs, which primarily focus on scholarships and student support.
Who is the CEO of Davidson-Davie Community College?
Jeremy Hiatt is the Director of Davidson-Davie Community College.
What is the revenue of Davidson-Davie Community College?
Davidson-Davie Community College's revenue in 2023 was $2,952,859.
Who are the executives of Davidson-Davie Community College and what are their salaries?
There 30 volunteers at Davidson-Davie Community College.
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Where can I find the form 990 for Davidson-Davie Community College?
Davidson-Davie Community College's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Davidson-Davie Community College
Davidson-Davie Community College Foundation is dedicated to assisting the students of Davidson County Community College. Their mission lies in providing scholarships and various forms of support to these students, aiming to ease their academic journey and ensure their success. By offering scholarships and student support, this organization plays a crucial role in making higher education more accessible and affordable for many.
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Impact
October, 2024
Davidson-Davie Community College has a significant impact on the local community by enhancing educational opportunities for students through scholarships and various support programs. By providing financial assistance, the college empowers students to pursue their education, ultimately increasing access to higher learning in Davidson County. This support helps to alleviate some of the financial burdens that students face, enabling them to focus more on their studies and less on economic challenges.
The Davidson-Davie Community College Foundation plays a vital role in this mission, ensuring that students from diverse backgrounds have the resources they need to succeed academically. By fostering a supportive educational environment, the college not only helps individuals achieve their educational and career goals but also contributes to the overall growth and development of the community in Lexington, NC.
This information is meant to be a general summary of Davidson-Davie Community College. 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: $2,159,469
- Gross Receipts: $2,975,280
Assets and Liabilities:
- Total Assets: $25,956,302
- Total Liabilities: $73,261
- Net Assets: $25,883,041
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Organization Details
Founding Year
1968
Principal Officer
Jeremy Hiatt
Main Address
PO BOX 1287, LEXINGTON, NC, 27293
NTEE Category
Code: B82 - Education
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