Overview
What is Anoka Technical College Foundation?
Anoka Technical College Foundation is a nonprofit organization situated in Anoka, Minnesota, specifically at 1355 West Highway 10, 55303. Their primary mission is to procure and distribute resources to bolster the students, faculty, and programs at Anoka Technical College. To accomplish this, they provide scholarships and crisis grants, amounting to $130,270 for 124 students during the fiscal year ending June 30, 2022. Furthermore, they allocate unlimited funds to support the college's program areas, contributing $22,812 in the same fiscal year. Additionally, the foundation facilitates in-kind equipment donations worth $256,393 to support the college's programs.
Official website here: www.anokatech.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
The Anoka Technical College Foundation has received a high rating of 92%, indicating strong performance in accountability and finance. This score reflects the organization’s transparency and responsible fiscal management, as it is based solely on one beacon score dedicated to these criteria. The foundation has demonstrated excellent practices, including full compliance with conflict of interest and whistleblower policies, along with transparent documentation of board meeting minutes.
The foundation boasts an entirely independent board, which enhances its governance credibility. With 25 independent members, it scores perfectly on board independence metrics. Furthermore, the organization maintains a low liabilities-to-assets ratio of 1.63%, signifying financial stability and prudent management of resources. A program expense ratio of 79.23% suggests that the majority of its funds are directed toward fulfilling its mission.
While the foundation shows many strengths, potential supporters should note that the rating is primarily focused on financial aspects, which does not provide insight into the overall effectiveness of its programs or community impact. Nonetheless, the high score reflects a commitment to accountability that can instill confidence in donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Anoka Technical College Foundation legitimate?
Anoka Technical College Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Anoka Technical 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.
Heare are some key statistics you may want to consider:
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Other Salaries and Wages: $165,996
For more financial information, click here
Official website here: www.anokatech.edu
What is the mission statement of Anoka Technical College Foundation?
The Anoka Technical College Foundation's mission is centered around obtaining and distributing resources to support students, faculty, and programs at the institution. This includes funding scholarships, crisis grants, and providing unallocated funds to various college program areas. Additionally, the foundation facilitates in-kind equipment donations to further strengthen the college's programs. Overall, the objective is to enhance the academic experience and success of students while upholding the vision of Anoka Technical College.
Official website here: www.anokatech.edu
Who is the CEO of Anoka Technical College Foundation?
Karen Skepper is the President of Anoka Technical College Foundation.
Official website here: www.anokatech.edu
What is the revenue of Anoka Technical College Foundation?
Anoka Technical College Foundation's revenue in 2022 was $875,064.
Official website here: www.anokatech.edu
Who are the executives of Anoka Technical College Foundation and what are their salaries?
There 19 volunteers at Anoka Technical College Foundation.
Here are 20 key members and their salaries:
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- Related: $100,692
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Official website here: www.anokatech.edu
Where can I find the form 990 for Anoka Technical College Foundation?
Anoka Technical College Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.anokatech.edu
Learn more at the official website: www.anokatech.edu
Mission Statement of Anoka Technical College Foundation
The Anoka Technical College Foundation is committed to procuring and distributing resources to support the students, faculty, and programs at Anoka Technical College. This mission is aimed at enhancing the vision of the college by providing necessary funds and assistance. The foundation accomplishes this through various means, including funding scholarships and crisis grants for deserving students. In the fiscal year ending June 30, 2022, the foundation granted scholarships totaling $130,270 to 124 students. Additionally, the organization expends unlimited funds from its foundation to assist the college's program areas. For the same fiscal year, $22,812 in unlimited funds were allocated to support the college's programs. Furthermore, the Anoka Technical College Foundation facilitates in-kind equipment donations, contributing $256,393 to the college's programs during the same period. In summary, the Anoka Technical College Foundation's mission is to procure and distribute resources to support the students, faculty, and programs at Anoka Technical College, thereby strengthening the college's vision.
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Impact
October, 2024
The Anoka Technical College Foundation significantly enhances the educational experience for students, faculty, and programs at Anoka Technical College. By providing crucial financial assistance, the foundation awarded $130,270 in scholarships to 124 students in the fiscal year ending June 30, 2022. These scholarships play a vital role in alleviating financial barriers, enabling more students to pursue their education and achieve their goals.
Additionally, the foundation contributed $22,812 in unrestricted funds to various program areas, supporting faculty and enhancing academic offerings. The impact extends beyond financial aid, as the foundation also facilitated over $256,393 in in-kind equipment donations. These contributions not only bolster the resources available to students and faculty but also help ensure that the college remains equipped to provide high-quality education and training. Ultimately, the Anoka Technical College Foundation's efforts foster a vibrant learning environment, directly supporting the vision and mission of the college.
This information is meant to be a general summary of Anoka Technical 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 2022.
- Investment Income: $38,036
- Gross Receipts: $1,608,201
Assets and Liabilities:
- Total Assets: $2,020,217
- Total Liabilities: $84,102
- Net Assets: $1,936,115
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Organization Details
Founding Year
1986
Phone
(763) 422-6082Principal Officer
Karen Skepper
Main Address
1355 WEST HIGHWAY 10, ANOKA, MN, 55303
Website
www.anokatech.eduNTEE Category
Code: B11 - Education
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