Overview
What is Sauk Valley College Foundation?
Sauk Valley College Foundation is a nonprofit organization situated in Dixon, Illinois, specifically at 173 IL ROUTE 2. Their primary mission is to support Sauk Valley Community College, its programs, and its students. They accomplish this by overseeing an extensive scholarship program, granting approximately 340 scholarships in total, amounting to around $269,987, along with additional awards worth $222,729. This financial aid helps numerous students in their educational journey.
Official website here: www.svcc.edu/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Sauk Valley College Foundation has received a commendable Four-Star rating from Charity Navigator, underscoring its strong commitment to accountability and effective financial management. Notably, the foundation boasts an impressive Impact & Measurement Score of 100, indicating a robust approach to evaluating the outcomes of its support to the college and its students. The organization is governed by a fully independent board, enhancing its decision-making processes and overall integrity.
Financially, the foundation demonstrates solid stability with a liabilities to assets ratio of just 0.84%, showcasing its capacity to manage resources effectively. The foundation excels in its transparency, having comprehensive policies in place for conflict of interest, whistleblower protections, and fiscal oversight. The audit and oversight committee has also achieved maximum points, reflecting a strong commitment to responsible financial practices.
However, the foundation’s program expense ratio stands at 62.28%, which signifies that while a significant portion of funds is allocated to programming, there is room for improvement in maximizing program spending relative to overall expenses. Despite this, the organization's high evaluation scores suggest a strong operational foundation and a clear alignment with its mission to support Sauk Valley Community College and its students.
This AI summary has been generated from information found on Charity Navigator.
Is Sauk Valley College Foundation legitimate?
Sauk Valley College Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sauk Valley 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.svcc.edu/foundation
What is the mission statement of Sauk Valley College Foundation?
The Sauk Valley College Foundation's mission is centered around providing support to Sauk Valley Community College, its programs, and its students. This support is a crucial part of their mission statement, aimed at enhancing the educational experience and opportunities for the college's students. The foundation's activities include overseeing an extensive scholarship program, offering approximately 340 scholarships totaling approximately $269,987, as well as providing additional awards amounting to $222,729. This financial aid is instrumental in helping many students afford their education, thereby facilitating their pursuit of higher learning.
Official website here: www.svcc.edu/foundation
Who is the CEO of Sauk Valley College Foundation?
Lori Cortez is the Secretary of Sauk Valley College Foundation.
Official website here: www.svcc.edu/foundation
What is the revenue of Sauk Valley College Foundation?
Sauk Valley College Foundation's revenue in 2022 was $2,835,239.
Official website here: www.svcc.edu/foundation
Who are the executives of Sauk Valley College Foundation and what are their salaries?
There 45 volunteers at Sauk Valley College Foundation.
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Official website here: www.svcc.edu/foundation
Where can I find the form 990 for Sauk Valley College Foundation?
Sauk Valley College Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.svcc.edu/foundation
Learn more at the official website: www.svcc.edu/foundation
Mission Statement of Sauk Valley College Foundation
The Sauk Valley College Foundation, as a dedicated organization, is committed to supporting Sauk Valley Community College, its programs, and its students. This support is instrumental in enhancing the educational opportunities and experiences of the college's student body. The foundation's mission is multifaceted, encompassing various initiatives to bolster the college and its students.
To actualize this mission, the Sauk Valley College Foundation implements a scholarship program, which awards approximately 340 scholarships annually, totalling approximately $269,987. Additionally, the foundation provides supplementary awards worth approximately $222,729. These scholarships serve as a testament to the foundation's unwavering commitment to empowering students and helping them pursue their academic dreams. By offering financial aid, the Sauk Valley College Foundation plays a significant role in reducing the financial burden on students, thereby enabling them to focus on their studies and achieve academic success.
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Impact
October, 2024
Sauk Valley College Foundation significantly enhances educational opportunities for students at Sauk Valley Community College by providing vital financial support. With approximately 340 scholarships totaling around $269,987, along with additional awards amounting to $222,729, the foundation directly contributes to students' access to education and resources. This support not only alleviates financial burdens but also empowers students to pursue their academic goals, participate actively in various programs, and ultimately succeed in their educational journeys. Located in Dixon, IL, the foundation’s commitment to advancing education fosters a thriving community and promotes lifelong learning.
This information is meant to be a general summary of Sauk Valley 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: $53,502
- Gross Receipts: $3,386,302
Assets and Liabilities:
- Total Assets: $8,810,980
- Total Liabilities: $93,220
- Net Assets: $8,717,760
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Organization Details
Founding Year
1965
Phone
(815) 288-5511Principal Officer
Lori Cortez
Main Address
173 IL ROUTE 2, DIXON, IL, 61021
Website
www.svcc.edu/foundationNTEE Category
Code: B82 - Education
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