Overview
What is The Foundation Of Caldwell Community College And Technical Institute Inc?
The Foundation of Caldwell Community College and Technical Institute Inc., situated in Lenoir, North Carolina (PO Box 600), is a dedicated nonprofit organization. Its primary mission is to accumulate and manage funds, securities, and real property, all aimed at supporting the academic and educational programs, as well as various operations, of Caldwell Community College and Technical Institute Inc. Specifically, these funds are utilized to advance the institution's academic and educational initiatives, ensuring their ongoing success and growth.
Official website here: www.cccti.edu/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
The Foundation of Caldwell Community College and Technical Institute Inc has received an impressive Four-Star rating from Charity Navigator, indicating high standards in accountability and finance. The organization excels in several key areas, achieving a perfect score in independent board member composition and financial oversight. This strong governance ensures that the foundation operates with transparency and integrity, fostering trust among donors and stakeholders.
One of the notable strengths of the foundation is its financial efficiency, reflected in a 100% program expense ratio and zero liabilities to assets. This means that all funds are utilized effectively towards its educational initiatives, with no financial burdens from debts. Additionally, the foundation has demonstrated excellent fundraising efficiency, with no costs incurred in raising funds, highlighting its ability to mobilize resources effectively.
However, there are some areas for improvement, as the organization lacks a whistleblower policy and a document retention and destruction policy. While these omissions do not detract significantly from its overall rating, addressing them could further enhance its accountability practices. Overall, the foundation shows a strong commitment to its mission and employs effective financial strategies to support its programs.
This AI summary has been generated from information found on Charity Navigator.
Is The Foundation Of Caldwell Community College And Technical Institute Inc legitimate?
The Foundation Of Caldwell Community College And Technical Institute Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Foundation Of Caldwell Community College And Technical Institute 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.cccti.edu/foundation
What is the mission statement of The Foundation Of Caldwell Community College And Technical Institute Inc?
The Foundation of Caldwell Community College and Technical Institute Inc. is committed to raising funds, securities, and property to support the academic and educational programs, as well as various operational aspects, of Caldwell Community College and Technical Institute Inc. Their mission is to contribute to the betterment of the institution's programs and operations, aiming to enhance its overall capacity and impact. These funds are utilized to facilitate scholarships and other educational initiatives, ultimately benefiting the students and the institution as a whole.
Official website here: www.cccti.edu/foundation
Who is the CEO of The Foundation Of Caldwell Community College And Technical Institute Inc?
Marla C Christie is the Board Member of The Foundation Of Caldwell Community College And Technical Institute Inc.
Official website here: www.cccti.edu/foundation
What is the revenue of The Foundation Of Caldwell Community College And Technical Institute Inc?
The Foundation Of Caldwell Community College And Technical Institute Inc's revenue in 2023 was $3,429,848.
Official website here: www.cccti.edu/foundation
Who are the executives of The Foundation Of Caldwell Community College And Technical Institute Inc and what are their salaries?
Here are 18 key members and their salaries:
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Official website here: www.cccti.edu/foundation
Where can I find the form 990 for The Foundation Of Caldwell Community College And Technical Institute Inc?
The Foundation Of Caldwell Community College And Technical Institute Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.cccti.edu/foundation
Learn more at the official website: www.cccti.edu/foundation
Mission Statement of The Foundation Of Caldwell Community College And Technical Institute Inc
The Foundation of Caldwell Community College and Technical Institute, Inc., serves a vital role in supporting the academic and educational programs of Caldwell Community College and Technical Institute. Its mission, as stated, is to procure funds, securities, and real property through gifts or bequests, and then administer these resources for the betterment of the institution's various programs and operational phases. In essence, the foundation's purpose is to bolster the educational opportunities and initiatives offered by Caldwell Community College and Technical Institute, ensuring its continued growth and success.
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Impact
October, 2024
The Foundation of Caldwell Community College and Technical Institute, Inc. plays a vital role in enhancing educational opportunities in Lenoir, NC. By acquiring and managing funds, securities, and real property, the Foundation supports a range of academic and educational programs aimed at fostering student success.
Through its scholarship initiatives, the Foundation ensures that financial barriers do not hinder students from pursuing their education. This commitment to providing financial assistance enables a diverse group of learners to access quality education, develop skills, and prepare for meaningful careers.
The impact extends beyond individual scholarships; it strengthens the community by cultivating a well-educated workforce. The Foundation’s efforts help improve local economic conditions, as graduates contribute to the community through their employment and engagement in local initiatives. Overall, the Foundation serves as a catalyst for educational achievement and community development, promoting the mission of Caldwell Community College and Technical Institute.
This information is meant to be a general summary of The Foundation Of Caldwell Community College And Technical Institute 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: $440,522
- Gross Receipts: $3,429,848
Assets and Liabilities:
- Total Assets: $21,070,013
- Total Liabilities: $0
- Net Assets: $21,070,013
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Organization Details
Founding Year
1970
Phone
(828) 726-2203Principal Officer
Marla C Christie
Main Address
PO BOX 600, LENOIR, NC, 28645
Website
www.cccti.edu/foundationNTEE Category
Code: T31 - Philanthropy
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