Overview
What is Somerset Community College Foundation Inc?
Somerset Community College Foundation Inc, based in Somerset, Kentucky, is a nonprofit organization situated at 808 Monticello Street. Their primary mission is to support Somerset Community College through charitable, scientific, literary, or educational pursuits. They strive to inspire voluntary financial contributions towards the college. The foundation's most notable activity is their scholarship program, which aims to provide financial aid to students who may not otherwise be able to pursue higher education or have shown exceptional achievements during their academic journey.
Is Somerset Community College Foundation Inc legitimate?
Somerset Community College Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Somerset Community 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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What is the mission statement of Somerset Community College Foundation Inc?
The Somerset Community College Foundation Inc's mission is centered around conducting charitable, scientific, literary, or educational work in a not-for-profit manner. Their primary objective is to stimulate voluntary financial support for Somerset Community College. In addition to this, they operate a scholarship program to provide financial aid to deserving students, enabling them to pursue their education despite potential financial constraints, and recognizing those who excel academically.
Who is the CEO of Somerset Community College Foundation Inc?
Cindy Clouse is the Director of Somerset Community College Foundation Inc.
What is the revenue of Somerset Community College Foundation Inc?
Somerset Community College Foundation Inc's revenue in 2023 was $329,399.
Who are the executives of Somerset Community College Foundation Inc and what are their salaries?
There 14 volunteers at Somerset Community College Foundation Inc.
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Where can I find the form 990 for Somerset Community College Foundation Inc?
Somerset Community College Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Somerset Community College Foundation Inc
Somerset Community College Foundation Inc, a nonprofit organization, is dedicated to carrying out charitable, scientific, literary, or educational work with the primary goal of stimulating voluntary financial support for Somerset Community College. In simpler terms, their mission is to contribute positively to the educational sector by encouraging financial contributions and fostering opportunities for students who might otherwise be unable to pursue their education further or who have demonstrated exceptional aptitude in their academic journey. The Foundation achieves this mission through its scholarship program, providing financial aid to deserving students, recognizing and rewarding their accomplishments.
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Impact
October, 2024
Somerset Community College Foundation Inc plays a crucial role in enhancing educational opportunities within the community. The foundation provides scholarships that empower students who may otherwise face barriers to continuing their education. By recognizing and rewarding academic achievements and characteristics, it fosters a supportive environment that encourages personal and academic growth.
The foundation's focus is on stimulating voluntary financial support specifically for Somerset Community College, ensuring that resources are directed towards programs and initiatives that benefit students and the broader educational landscape. Its mission emphasizes charitable, scientific, literary, and educational purposes, which underlines the commitment to enriching the community's intellectual and professional capacity.
Through its scholarship program, the foundation not only alleviates financial burdens but also inspires students to pursue their academic goals, contributing to a more educated and skilled workforce in Somerset and surrounding areas. This impact extends beyond individual students, as the foundation helps to cultivate a culture of learning and achievement that benefits the entire community.
This information is meant to be a general summary of Somerset Community 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: $9,964
- Gross Receipts: $329,399
Assets and Liabilities:
- Total Assets: $889,002
- Total Liabilities: $4,438
- Net Assets: $884,564
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Organization Details
Phone
(606) 451-6618Principal Officer
Cindy Clouse
Main Address
808 Monticello Street, Somerset, KY, 42501
NTEE Category
Code: B024 - Education
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