Overview
What is Terra College Foundation?
Terra College Foundation is a nonprofit organization situated in Fremont, Ohio, with a mission to support the educational programs and services of Terra State Community College. Primarily, they raise funds to provide scholarships and grants for students attending Terra College, as well as purchase instructional laboratory equipment for the learning labs. Their activities are geared towards benefiting the educational programs and facilities of Terra State Community College, a state institution of higher learning authorized under Chapter 3358 of Ohio. Over the years, they have supported the college by providing scholarships for 197 students and purchasing necessary equipment.
Official website here: www.terra.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% - Three-Star out of Four Star rating.
Terra College Foundation has received a Three-Star rating from Charity Navigator, indicating a solid performance in its operations and impact. The overall score is derived from multiple metrics, with a notable score of 100 in Impact & Measurement, reflecting the organization's effectiveness in delivering measurable outcomes. This high score demonstrates the foundation's commitment to making a meaningful difference in the lives of scholarship recipients.
On the financial side, the Accountability & Finance score of 60 suggests there may be some areas for improvement in managing resources and ensuring transparency. Despite this, the foundation's ability to increase scholarship recipients' income by more than $1.50 for every $1 spent showcases its operational efficiency and the positive return on investment for donors.
Overall, while Terra College Foundation excels in its impact and effectiveness, there are aspects of financial accountability that could be enhanced to improve donor confidence and organizational sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Terra College Foundation legitimate?
Terra College Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Terra College Foundation 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.terra.edu
What is the mission statement of Terra College Foundation?
The Terra College Foundation is established for educational, charitable, or scientific purposes, primarily benefiting Terra Community College's educational programs and services. Its activities include providing financial aid to the college's educational programs, facilities, and services, as well as raising and managing funds to offer scholarships to students and purchase instructional laboratory equipment for learning labs. The foundation's objectives are aligned with Terra State Community College, a state institution of higher learning authorized under Chapter 3358 of Ohio.
Official website here: www.terra.edu
What is the revenue of Terra College Foundation?
Terra College Foundation's revenue in 2023 was $864,281.
Official website here: www.terra.edu
Who are the executives of Terra College Foundation and what are their salaries?
There 37 volunteers at Terra College Foundation.
Here are 17 key members and their salaries:
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Official website here: www.terra.edu
Where can I find the form 990 for Terra College Foundation?
Terra College Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.terra.edu
Learn more at the official website: www.terra.edu
Mission Statement of Terra College Foundation
Terra College Foundation, a nonprofit organization, is dedicated to serving educational, charitable, or scientific purposes. It achieves this mission by supporting and conducting activities that benefit Terra Community College, a higher learning institution. The foundation's primary objectives include providing financial assistance to Terra State Community College and its programs, services, and facilities. Additionally, the Terra College Foundation raises and manages funds to offer student scholarships and purchase instructional laboratory equipment for the learning labs. This investment in education and resources aims to empower students and enhance their learning experiences at Terra Community College.
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Impact
July, 2024
The Terra College Foundation's impact is significant in supporting the educational programs and services of Terra Community College. It raises and administers funds to provide student scholarships and purchase instructional laboratory equipment for the college's learning labs. The Foundation's contributions directly benefit students by offering financial assistance for their education, making it more accessible and enriching their learning experience. Through its activities, the Terra College Foundation plays a crucial role in promoting educational opportunities and ensuring the success of students at Terra Community College.
This information is meant to be a general summary of Terra College Foundation. 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: $135,974
- Gross Receipts: $3,345,237
Assets and Liabilities:
- Total Assets: $6,315,905
- Total Liabilities: $271,086
- Net Assets: $6,044,819
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Organization Details
Founding Year
1990
Principal Officer
Thomas H Hoffman
Website
www.terra.eduNTEE Category
Code: B42 - Education
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