Overview
What is Texarkana College Foundation Inc?
Texarkana College Foundation Inc is a nonprofit organization situated in Texarkana, Texas. Its primary objective is to foster education and related activities in support of Texarkana College. The foundation aims to boost the college's reputation, secure external funding for its priorities, and establish partnerships with various entities such as alumni, friends, donors, corporations, and foundations. By doing so, the foundation strives to create beneficial opportunities for Texarkana College. The foundation's US address is located at 2500 North Robison Road, Texarkana, Texas, 75599.
Official website here: www.texarkanacollege.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Star rating)
The Texarkana College Foundation Inc has achieved an overall score of 88%, reflecting strong performance in accountability and finance. This rating is derived solely from a single beacon score, with notable strengths in governance and financial management. The foundation has a fully independent board, ensuring robust oversight, and maintains a high level of transparency regarding its financial statements.
The organization excels in several areas, including having no material diversion of assets and a commendable program expense ratio of 85.31%, indicating that a significant portion of its funds is directed toward its programs. Additionally, it has established clear conflict of interest policies and documents meeting minutes, which further enhance its accountability framework.
However, the foundation does have some limitations, as it is missing a whistleblower policy and a document retention and destruction policy. While these gaps do not significantly detract from its overall performance, addressing them could strengthen its governance even further.
This AI summary has been generated from information found on Charity Navigator.
Is Texarkana College Foundation Inc legitimate?
Texarkana College Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Texarkana 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.
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Official website here: www.texarkanacollege.edu
What is the mission statement of Texarkana College Foundation Inc?
The Texarkana College Foundation Inc's mission is centrally focused on enhancing the reputation of Texarkana College. It aims to secure external funds for the college's priorities and facilitates partnerships with various entities, including alumni, donors, corporations, and foundations. The primary objective is to provide financial support and foster collaborations, thereby contributing to the college's growth and development.
Official website here: www.texarkanacollege.edu
What is the revenue of Texarkana College Foundation Inc?
Texarkana College Foundation Inc's revenue in 2024 was $1,149,993.
Official website here: www.texarkanacollege.edu
Who are the executives of Texarkana College Foundation Inc and what are their salaries?
Here are 19 key members and their salaries:
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Official website here: www.texarkanacollege.edu
Where can I find the form 990 for Texarkana College Foundation Inc?
Texarkana College Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.texarkanacollege.edu
Learn more at the official website: www.texarkanacollege.edu
Mission Statement of Texarkana College Foundation Inc
Texarkana College Foundation Inc is committed to enhancing the standing of Texarkana College, providing external funds to support its priorities, and fostering partnerships with various stakeholders such as alumni, friends, donors, corporations, and foundations. By undertaking these activities, the foundation aims to serve as a catalyst for the college, enabling it to expand its educational offerings and engage more effectively with its community. In essence, Texarkana College Foundation Inc seeks to promote and advance the cause of Texarkana College, thereby contributing to its continued growth and success.
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Impact
October, 2024
Texarkana College Foundation Inc significantly enhances the overall reputation of Texarkana College by fostering a robust network of partnerships with alumni, donors, corporations, and foundations. Through its efforts, the Foundation secures vital external resources that support the College's strategic priorities, thereby enabling the institution to expand its educational offerings and improve the student experience.
By promoting education and related activities, the Foundation plays a crucial role in creating opportunities for students and faculty alike. This collaboration not only bolsters academic programs but also strengthens community ties, ensuring that Texarkana College remains a vital educational hub in the region. The Foundation's initiatives ultimately contribute to the long-term sustainability and growth of the College, enriching the lives of students and enhancing the economic development of the TEXARKANA area.
This information is meant to be a general summary of Texarkana 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 2024.
- Investment Income: $315,894
- Gross Receipts: $1,149,993
Assets and Liabilities:
- Total Assets: $14,494,158
- Total Liabilities: $0
- Net Assets: $14,494,158
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Organization Details
Founding Year
1959
Principal Officer
Dr Andrew Curry
Website
www.texarkanacollege.eduNTEE Category
Code: B11 - Education
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