Overview
What is Midlands Technical College Foundation Inc?
Midlands Technical College Foundation Inc is a nonprofit organization situated in Columbia, South Carolina. Their primary mission is to establish connections with benefactors, resulting in donations that contribute to Midlands Technical College's objective of empowering students to excel in their careers. The foundation provides scholarships, aiding students in meeting the financial requirements for tuition at Midlands Technical College, with the maximum scholarship amount set at $4,000. The organization's activities ultimately support Midlands Technical College's goal of preparing students for professional success.
Official website here: www.midlandstech.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
Midlands Technical College Foundation Inc has earned a commendable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. The foundation showcases an impressive performance with 100% of its score derived from accountability metrics, indicating a solid governance structure and fiscal responsibility. The organization boasts a fully independent board comprised of 24 members, ensuring impartial decision-making and oversight.
Strengths of the foundation include a high program expense ratio of 83.76%, which demonstrates that a significant portion of its funding goes directly towards programs rather than administrative costs. Additionally, it has maintained a low liability-to-assets ratio of just 0.55%, suggesting sound financial health. The foundation also excels in fundraising efficiency, with a cost of only $0.062 to raise a dollar, which is indicative of effective resource utilization.
However, the organization has notable limitations, as it lacks essential policies such as a conflict of interest policy, whistleblower policy, and document retention and destruction policy, which received a score of zero in these areas. These gaps may raise concerns about governance practices and transparency. Nonetheless, the foundation’s overall performance significantly outweighs these shortcomings, highlighting its dedication to supporting educational initiatives effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Midlands Technical College Foundation Inc legitimate?
Midlands Technical College Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Midlands 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $117,905
Professional Fundraising Fees: $0
Other Salaries and Wages: $166,162
For more financial information, click here
Official website here: www.midlandstech.edu
What is the mission statement of Midlands Technical College Foundation Inc?
The Midlands Technical College Foundation Inc's mission is centered around establishing significant connections with donors. These relationships serve as a catalyst for receiving contributions that contribute to the mission of Midlands Technical College. This mission involves preparing students for career success in the workforce. The foundation achieves this by providing scholarships to students, helping them overcome financial hurdles related to tuition at Midlands Technical College, with scholarships not exceeding $4,000.
Official website here: www.midlandstech.edu
Who is the CEO of Midlands Technical College Foundation Inc?
Nancy L Mckinney is the Pres. Mid Te of Midlands Technical College Foundation Inc. The CEO's salary of Midlands Technical College Foundation Inc is $0 and their total compensation is $0.
Official website here: www.midlandstech.edu
What is the revenue of Midlands Technical College Foundation Inc?
Midlands Technical College Foundation Inc's revenue in 2023 was $4,512,505.
Official website here: www.midlandstech.edu
Who are the executives of Midlands Technical College Foundation Inc and what are their salaries?
Here are 25 key members and their salaries (Midlands Technical College Foundation Inc's CEO's salary is $0 and their total compensation is $0):
- Compensation: $117,905
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Official website here: www.midlandstech.edu
Where can I find the form 990 for Midlands Technical College Foundation Inc?
Midlands Technical College Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.midlandstech.edu
Learn more at the official website: www.midlandstech.edu
Mission Statement of Midlands Technical College Foundation Inc
Midlands Technical College Foundation Inc is dedicated to establishing meaningful connections with donors, with the ultimate goal of obtaining contributions that aid in fulfilling Midlands Technical College's mission to equip students with the necessary skills for career success. Their primary objective is to raise funds that contribute to the college's mission by establishing robust relationships with donors.
The foundation achieves this by providing scholarships to students enrolled at Midlands Technical College. These scholarships serve as a crucial financial support system, enabling students to cover a portion of their tuition fees, with the maximum scholarship amount capped at 4,000 dollars. By offering these scholarships, Midlands Technical College Foundation Inc is instrumental in empowering students by alleviating some of the financial burdens associated with higher education, thereby boosting their chances of succeeding in their chosen careers.
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Impact
October, 2024
Midlands Technical College Foundation Inc plays a crucial role in enhancing educational opportunities for students. By fostering meaningful relationships with donors, it secures vital funding that directly supports Midlands Technical College's mission of preparing students for success in the workforce. One of the foundation's key contributions is the provision of scholarships, which help students cover tuition costs, alleviating financial burdens and enabling them to pursue their education. These scholarships, with amounts up to $4,000, ensure that students have access to the resources they need to complete their studies and enter the job market equipped with the skills necessary for success. The foundation's efforts are instrumental in cultivating a skilled workforce in Columbia, SC, and beyond.
This information is meant to be a general summary of Midlands 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 2023.
- Investment Income: $1,118,397
- Gross Receipts: $7,170,135
Assets and Liabilities:
- Total Assets: $17,276,422
- Total Liabilities: $95,278
- Net Assets: $17,181,144
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Organization Details
Founding Year
1970
Phone
(803) 732-5355Principal Officer
Nancy L Mckinney
Main Address
POST OFFICE BOX 2408, COLUMBIA, SC, 29202
Website
www.midlandstech.eduNTEE Category
Code: B9XZ - Education
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