Overview
What is Labette Community College Foundation And Alumni Association?
Labette Community College Foundation and Alumni Association is a nonprofit organization situated in Parsons, Kansas. Their primary mission is to bolster the educational programs of the college by procuring private donations from alumni, supporters, and corporations. These funds are allocated for various purposes, including scholarships, faculty development, college departments, student activities, community outreach, and operational expenses. By doing so, they contribute to the college's growth and support the overall well-being of its students and community.
Official website here: www.labette.edu/foundation/home
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star Rating
Labette Community College Foundation and Alumni Association has received a 76% rating from Charity Navigator, reflecting a solid level of accountability and financial health. The rating is based solely on their accountability and finance metrics, indicating that the organization is effectively managing its resources and adhering to financial best practices.
The foundation excels in various aspects, including having a fully independent board with 100% independent members and a robust board size of 15. Additionally, they demonstrate transparency by publicly listing their website on their tax form and providing access to board meeting minutes. Their low liabilities to assets ratio of 1.86% and a high program expense ratio of 96.26% further illustrate their commitment to utilizing funds directly for their stated mission.
While the organization shows strong financial performance and governance, the lack of other evaluation areas in the rating means it may not capture the full scope of the foundation's impact or effectiveness in achieving its goals. Overall, Labette Community College Foundation and Alumni Association appears to be a financially sound organization, with strong accountability practices in place.
This AI summary has been generated from information found on Charity Navigator.
Is Labette Community College Foundation And Alumni Association legitimate?
Labette Community College Foundation And Alumni Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Labette Community College Foundation And Alumni Association 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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Official website here: www.labette.edu/foundation/home
What is the mission statement of Labette Community College Foundation And Alumni Association?
The Labette Community College Foundation and Alumni Association's mission is centered around supporting the college's programs. They achieve this by raising private funds from alumni, friends, and corporations. These donations are then utilized for various purposes, including scholarships, faculty professional development, college departments, student activities, community outreach, and current operations. In essence, their goal is to enhance the college's offerings and contribute to the overall success of its students and programs.
Official website here: www.labette.edu/foundation/home
Who is the CEO of Labette Community College Foundation And Alumni Association?
Lindi Forbes is the President of Labette Community College Foundation And Alumni Association.
Official website here: www.labette.edu/foundation/home
What is the revenue of Labette Community College Foundation And Alumni Association?
Labette Community College Foundation And Alumni Association's revenue in 2022 was $749,910.
Official website here: www.labette.edu/foundation/home
Who are the executives of Labette Community College Foundation And Alumni Association and what are their salaries?
Here are 17 key members and their salaries:
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Official website here: www.labette.edu/foundation/home
Where can I find the form 990 for Labette Community College Foundation And Alumni Association?
Labette Community College Foundation And Alumni Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.labette.edu/foundation/home
Learn more at the official website: www.labette.edu/foundation/home
Mission Statement of Labette Community College Foundation And Alumni Association
Labette Community College Foundation and Alumni Association is dedicated to supporting the programs of the college by raising private donations from alumni, friends, and corporations. These funds are allocated towards various initiatives, including scholarships, faculty professional development, college departments, student activities, community outreach, and current operations. The goal of this nonprofit organization is to contribute to the college's growth and success in diverse areas, thereby enhancing the overall educational experience for students. By raising private gifts, Labette Community College Foundation and Alumni Association plays a significant role in bridging the gap between public funding and the college's needs, ensuring that the institution can offer a comprehensive and high-quality education.
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Impact
October, 2024
Labette Community College Foundation and Alumni Association significantly enhances the educational landscape by providing essential support for various programs at the college. The foundation raises private gifts from alumni, friends, and corporations, which directly impact students and faculty.
A key area of focus is scholarships, which help alleviate financial barriers for students, enabling them to pursue their educational goals. Additionally, funds contribute to faculty professional development, ensuring that instructors have access to the latest resources and training, which enriches the overall learning experience.
The foundation also allocates resources to different college departments, supporting their initiatives and enhancing academic offerings. Investments in student activities foster a vibrant campus life, encouraging engagement and personal growth among students. Furthermore, the foundation plays a vital role in community outreach, strengthening the connection between the college and the local community, and enhancing the overall educational mission.
Through these diverse contributions, the Labette Community College Foundation and Alumni Association plays a pivotal role in advancing education and fostering a supportive environment for both current students and faculty, while also enriching the surrounding community.
This information is meant to be a general summary of Labette Community College Foundation And Alumni Association. 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 2022.
- Investment Income: $106,473
- Gross Receipts: $753,356
Assets and Liabilities:
- Total Assets: $3,484,837
- Total Liabilities: $52,120
- Net Assets: $3,432,717
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Organization Details
Founding Year
1972
Phone
(620) 421-6700Principal Officer
Lindi Forbes
Main Address
200 S 14TH, PARSONS, KS, 67357
NTEE Category
Code: B41I - Education
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