Overview
What is Lakeshore Technical College Foundation Inc?
Lakeshore Technical College Foundation Inc is a charitable organization situated in Cleveland, Wisconsin, with a specific address at 1290 North Ave. Their primary mission is to offer private scholarships and financial aid to students enrolled in Lakeshore Technical College, aiming to support their educational journeys. Beyond scholarships, they also contribute to the institution's instructional programs and services, ensuring a well-rounded educational experience for the students. The Foundation's activities include Project Grill, an initiative designed to further bolster the college's educational offerings.
Official website here: www.yourltcfoundation.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Lakeshore Technical College Foundation Inc has received an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial transparency. The overall score is entirely based on the Accountability & Finance beacon, where the organization scored a remarkable 96%. This high rating indicates that the foundation effectively manages its resources, demonstrating fiscal responsibility and integrity.
The foundation boasts a fully independent board consisting of 19 members, which enhances governance and decision-making processes. Additionally, it has earned perfect scores in various categories, such as the oversight of financial statements and the absence of asset diversion, indicating robust safeguards against mismanagement. The organization also adheres to best practices by maintaining comprehensive policies, including conflict of interest, whistleblower, and document retention policies.
While the foundation shows commendable financial health, with a low liabilities-to-assets ratio of 17.98% and a high program expense ratio of 92.77%, there is always room for improvement in outreach and funding efforts to further enhance its impact in the community. Overall, Lakeshore Technical College Foundation Inc exemplifies a well-managed nonprofit with a strong focus on accountability and mission fulfillment.
This AI summary has been generated from information found on Charity Navigator.
Is Lakeshore Technical College Foundation Inc legitimate?
Lakeshore Technical College Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lakeshore Technical 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.
Heare are some key statistics you may want to consider:
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For more financial information, click here
Official website here: www.yourltcfoundation.com
What is the mission statement of Lakeshore Technical College Foundation Inc?
Lakeshore Technical College Foundation Inc's mission is centered around providing private scholarships and assistance to students, aiming to support their educational pursuits. In line with this objective, the foundation offers additional support to the instructional programs and services offered by Lakeshore Technical College, such as Project Grill. The primary goal is to make education more accessible to students by providing financial aid and resources.
Official website here: www.yourltcfoundation.com
Who is the CEO of Lakeshore Technical College Foundation Inc?
Bob Fitzgerald is the President of Lakeshore Technical College Foundation Inc.
Official website here: www.yourltcfoundation.com
What is the revenue of Lakeshore Technical College Foundation Inc?
Lakeshore Technical College Foundation Inc's revenue in 2022 was $2,685,335.
Official website here: www.yourltcfoundation.com
Who are the executives of Lakeshore Technical College Foundation Inc and what are their salaries?
There 24 volunteers at Lakeshore Technical College Foundation Inc.
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Official website here: www.yourltcfoundation.com
Where can I find the form 990 for Lakeshore Technical College Foundation Inc?
Lakeshore Technical College Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.yourltcfoundation.com
Learn more at the official website: www.yourltcfoundation.com
Mission Statement of Lakeshore Technical College Foundation Inc
Lakeshore Technical College Foundation Inc is dedicated to providing private scholarships and assistance to students pursuing their education. This nonprofit organization's mission is to extend support to the instructional programs and services offered by Lakeshore Technical College, including initiatives like Project GRILL. By offering scholarships and assistance, Lakeshore Technical College Foundation Inc aims to make higher education more accessible and affordable for students, empowering them to achieve their academic goals and secure a brighter future.
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Impact
July, 2024
Lakeshore Technical College Foundation Inc has a significant impact on educational opportunities by providing private scholarships and assistance to students. Their support of instructional programs and services at Lakeshore Technical College, including initiatives like Project Grill, helps enhance the educational experience for students. Through their mission to provide financial support for education, they contribute to building a more skilled and educated workforce in Cleveland, WI.
This information is meant to be a general summary of Lakeshore Technical 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 2022.
- Investment Income: $120,513
- Program Service Revenue: $42,418
- Gross Receipts: $3,021,087
Assets and Liabilities:
- Total Assets: $5,924,242
- Total Liabilities: $45,923
- Net Assets: $5,878,319
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROJECT GRILL
Revenue
$40,050
OTHER PROGRAMS
Revenue
$1,836
LTC SCRIP PROGRAM
Revenue
$532
Organization Details
Founding Year
1976
Phone
(920) 693-1000Principal Officer
Bob Fitzgerald
Main Address
1290 NORTH AVE, CLEVELAND, WI, 53015
Website
www.yourltcfoundation.comNTEE Category
Code: B31I - Education
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