Overview
What is Gateway Technical College Foundation Inc?
Gateway Technical College Foundation Inc is a charitable organization situated in Kenosha, Wisconsin. Its primary mission is to bolster the educational endeavors of Gateway Technical College by increasing community awareness and securing financial resources. The foundation achieves this through various means, such as offering scholarships, grants, and educational funds. In the year 2021, it granted awards to 266 students to support their educational pursuits. The foundation aims to uphold the college's reputation for excellence by addressing its needs and fostering the well-being of the diverse communities it serves. In summary, the Gateway Technical College Foundation Inc plays a vital role in promoting access to education and enriching the lives of its students and the community at large.
Official website here: www.gtc.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Stars)
Gateway Technical College Foundation Inc has achieved an impressive 95% score on Charity Navigator, indicating a strong performance in both accountability and finance. The foundation boasts a perfect score for independent board members, demonstrating a commitment to governance transparency. With a program expense ratio of 89.53%, a significant portion of funds is directed towards programs, reflecting efficient use of resources.
The foundation's financial practices are solid, as evidenced by a full score for their audit and oversight committee, and no material diversion of assets. Policies such as conflict of interest and whistleblower protections are in place, further strengthening their operational integrity.
While the Culture & Community Score is somewhat lower at 81, this does not detract significantly from the overall positive evaluation. The foundation exhibits a strong commitment to its mission, with robust financial health and governance practices, making it a reliable choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Gateway Technical College Foundation Inc legitimate?
Gateway Technical College Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gateway 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $36,000
For more financial information, click here
Official website here: www.gtc.edu
What is the mission statement of Gateway Technical College Foundation Inc?
The Gateway Technical College Foundation's mission is to align with the college's mission by raising community awareness and securing financial resources. This is achieved by broadening the college's support base and providing scholarships, grants, and funds for educational growth. The foundation aims to enhance the college's tradition of excellence by being responsive to its needs and fostering the vitality and well-being of the diverse communities it serves. The goal is to strengthen the foundation's impact, ultimately contributing to the college's continued success.
Official website here: www.gtc.edu
What is the revenue of Gateway Technical College Foundation Inc?
Gateway Technical College Foundation Inc's revenue in 2023 was $1,603,732.
Official website here: www.gtc.edu
Who are the executives of Gateway Technical College Foundation Inc and what are their salaries?
The average compensation at Gateway Technical College Foundation Inc during 2023 was $36,000. There is 1 employee at Gateway Technical College Foundation Inc.
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Official website here: www.gtc.edu
Where can I find the form 990 for Gateway Technical College Foundation Inc?
Gateway Technical College Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.gtc.edu
Learn more at the official website: www.gtc.edu
Mission Statement of Gateway Technical College Foundation Inc
Gateway Technical College Foundation Inc plays a crucial role in supporting the mission of Gateway Technical College. By raising community awareness and securing financial resources, the foundation broadens the college's base of support and offers programs such as scholarships, grants, and funds for educational growth. The foundation's goal is to enhance the college's tradition of excellence, responding to its needs and strengthening the vitality and well-being of the diverse communities it serves. In essence, Gateway Technical College Foundation Inc strives to boost the college's capabilities and improve the lives of the communities it serves through educational support.
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Impact
July, 2024
Gateway Technical College Foundation Inc's impact can be seen through the grants and scholarships it awards to students attending Gateway Technical College, furthering their education and supporting the college's educational mission. In 2021 alone, 266 scholarships were awarded, highlighting the Foundation's commitment to helping students access higher education and achieve their academic goals. By raising community awareness and financial resources, the Foundation plays a crucial role in broadening support for the college and strengthening the vitality and well-being of the diverse communities it serves in Kenosha, WI.
This information is meant to be a general summary of Gateway 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 2023.
- Investment Income: $735,981
- Gross Receipts: $1,679,032
Assets and Liabilities:
- Total Assets: $18,663,650
- Total Liabilities: $127,370
- Net Assets: $18,536,280
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Organization Details
Founding Year
1977
Principal Officer
John D Andreoli
Website
www.gtc.eduNTEE Category
Code: B11 - Education
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