Overview
What is Northwood Technical College Foundation Inc?
Northwood Technical College Foundation Inc, based in Rice Lake, Wisconsin, is a dedicated nonprofit organization. Its primary mission is to foster student success through scholarships and additional support. In fiscal year 2022 alone, the foundation received 857 scholarship applications and granted 380 awards worth a total of $259,313, with an average award value of $682. Beyond scholarships, the foundation also invests in staff and alumni development. Its overall goal is to promote, develop, and expand the quality education and services offered by Northwood Technical College, ultimately encouraging the success and achievement of its students, faculty, staff, and alumni.
Official website here: www.northwoodtech.edu/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating.
The Northwood Technical College Foundation Inc has received an impressive 96% score, indicating strong performance in accountability and finance. This rating reflects the foundation's commitment to transparency and responsible management of resources, as evidenced by their perfect scores in several areas such as having a majority of independent board members and maintaining a solid financial oversight structure.
The organization has demonstrated effective financial practices, with a program expense ratio of 73.92% that suggests a high proportion of funds are directed towards its mission. Additionally, the foundation has policies in place related to conflict of interest and document retention, which further enhances their credibility. However, it is worth noting that they lack a whistleblower policy, which may be seen as a gap in their governance practices.
Overall, the Northwood Technical College Foundation Inc is recognized for its strong financial health and commitment to accountability. While there are some areas for improvement, particularly in governance policies, the foundation's overall effectiveness and transparency make it a reputable organization within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Northwood Technical College Foundation Inc legitimate?
Northwood Technical College Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Northwood 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.
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Official website here: www.northwoodtech.edu/foundation
What is the mission statement of Northwood Technical College Foundation Inc?
The Northwood Technical College Foundation's mission is centered around supporting student success. They achieve this by providing scholarships and other forms of assistance. The organization also invests in the development of staff and alumni. Their ultimate goal is to promote, develop, and expand the quality of education and services at Northwood Technical College. By doing so, they aim to encourage the success and achievement of the college's students, faculty, staff, and alumni. In the fiscal year 2022, the foundation received 857 scholarship applications and, acting on behalf of their donors, awarded 380 scholarships worth a total of $259,313, with an average award value of $682.
Official website here: www.northwoodtech.edu/foundation
Who is the CEO of Northwood Technical College Foundation Inc?
Steve Leino is the President of Northwood Technical College Foundation Inc.
Official website here: www.northwoodtech.edu/foundation
What is the revenue of Northwood Technical College Foundation Inc?
Northwood Technical College Foundation Inc's revenue in 2022 was $843,244.
Official website here: www.northwoodtech.edu/foundation
Who are the executives of Northwood Technical College Foundation Inc and what are their salaries?
There 125 volunteers at Northwood Technical College Foundation Inc.
Here are 14 key members and their salaries:
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Official website here: www.northwoodtech.edu/foundation
Where can I find the form 990 for Northwood Technical College Foundation Inc?
Northwood Technical College Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.northwoodtech.edu/foundation
Learn more at the official website: www.northwoodtech.edu/foundation
Mission Statement of Northwood Technical College Foundation Inc
The Northwood Technical College Foundation's mission is centered around supporting the success of students and staff at Northwood Technical College. This nonprofit organization aims to promote, develop, and expand the quality of education and services provided by the college. By doing so, it encourages the achievement and success of Northwood Technical College's students, faculty, staff, and alumni.
In pursuit of its mission, the Northwood Technical College Foundation provides scholarships and other forms of assistance to eligible students. This financial aid plays a significant role in helping students overcome financial barriers and focus on their studies. In fiscal year 2022, the foundation received 857 scholarship applications, and on behalf of its donors, it awarded 380 scholarships worth a total of $259,313. This averaged out to an award of $682 per recipient, demonstrating the foundation's commitment to providing meaningful financial support to its students.
Beyond scholarships, the Northwood Technical College Foundation also supports the development of its staff and alumni. This could involve funding professional development opportunities, workshops, or events that help staff members improve their skills and stay up-to-date with industry trends. For alumni, the foundation might offer networking events, mentorship programs, or other resources to help them succeed in their careers. By investing in its staff and alumni, the Northwood Technical College Foundation is not only strengthening the college community but also contributing to the broader success of its graduates.
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Impact
July, 2024
Northwood Technical College Foundation Inc plays a crucial role in supporting student success through scholarships and other forms of assistance. In FY2022, the foundation received 857 scholarship applications and awarded 380 scholarships totaling $259,313, with an average award of $682. By providing these scholarships, the foundation helps students pursue their educational goals and alleviate financial burdens. Additionally, the foundation also supports staff and alumni development, contributing to the overall success and achievement of Northwood Technical College students, faculty, staff, and alumni. Through its mission to promote, develop, and expand quality education and services at Northwood Tech, the foundation makes a meaningful impact on the education landscape in Rice Lake, WI.
This information is meant to be a general summary of Northwood 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: $302,325
- Gross Receipts: $1,629,034
Assets and Liabilities:
- Total Assets: $5,433,392
- Total Liabilities: $45,941
- Net Assets: $5,387,451
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Organization Details
Founding Year
1978
Phone
(715) 731-1265Principal Officer
Steve Leino
Main Address
1900 COLLEGE DRIVE, RICE LAKE, WI, 54868
NTEE Category
Code: B41 - Education
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