Overview
What is Southwest Wisconsin Technical College Foundation Inc?
Southwest Wisconsin Technical College Foundation Inc, situated in Fennimore, Wisconsin, serves as a generous benefactor to Southwest Technical College. With an annual scholarship and emergency grant distribution, they offer financial assistance to students in need. Furthermore, the foundation provides professional development funds for faculty, staff, and administration, ensuring continuous learning and growth within the college. Additionally, capital projects and college priority projects receive funding, improving the college's infrastructure and resources. In essence, the Southwest Wisconsin Technical College Foundation Inc is a vital partner, dedicating its resources to support students, faculty, and the college's development.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
Southwest Wisconsin Technical College Foundation Inc has received an impressive Four-Star rating from Charity Navigator, reflecting a strong performance in accountability and finance. The organization scored a total of 94%, indicating effective management of its resources and a commitment to transparency, particularly in its financial reporting practices.
One of the foundation's notable strengths is its independent governance, with a fully independent board comprised of 12 members. This independence enhances the organization's credibility and decision-making processes. Additionally, the foundation has demonstrated exemplary practices in areas such as material diversion of assets and conflict of interest policies, both of which are crucial for maintaining public trust.
Despite its strengths, the data does not indicate any specific limitations or areas for improvement. The foundation's high program expense ratio of over 92% suggests that the majority of its expenditures directly support its mission, further underscoring its effective operational strategy. This overall performance positions the foundation as a reliable and impactful nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Southwest Wisconsin Technical College Foundation Inc legitimate?
Southwest Wisconsin Technical College Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southwest Wisconsin 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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What is the mission statement of Southwest Wisconsin Technical College Foundation Inc?
The Southwest Wisconsin Technical College Foundation Inc's mission is centered around providing assistance to the students and faculty of Southwest Wisconsin Technical College. This is achieved through the distribution of scholarships and emergency grants, as well as the provision of student support funds and academic program support. The foundation also offers professional development funds to faculty, staff, and administration, and contributes to capital projects and college priority projects. In essence, their primary goal is to enhance the educational experience and development of students at Southwest Wisconsin Technical College.
Who is the CEO of Southwest Wisconsin Technical College Foundation Inc?
Kimberly Schmelz is the Principal Officer of Southwest Wisconsin Technical College Foundation Inc.
What is the revenue of Southwest Wisconsin Technical College Foundation Inc?
Southwest Wisconsin Technical College Foundation Inc's revenue in 2022 was $2,423,871.
Who are the executives of Southwest Wisconsin Technical College Foundation Inc and what are their salaries?
There 14 volunteers at Southwest Wisconsin Technical College Foundation Inc.
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- Compensation: $76,025
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- Other: $36,999
Where can I find the form 990 for Southwest Wisconsin Technical College Foundation Inc?
Southwest Wisconsin Technical College Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Southwest Wisconsin Technical College Foundation Inc
Southwest Wisconsin Technical College Foundation Inc is dedicated to providing scholarships and assistance to the students and faculty of Southwest Wisconsin Technical College. Its mission, in essence, is to support the primary benefit of this educational institution by offering financial aid and resources. The foundation annually awards scholarships to deserving students, provides emergency grants and student support funds, and offers academic program support. Moreover, it offers professional development funds to faculty, staff, and administration at Southwest Tech. Additionally, the foundation funds capital projects and college priority projects, thereby contributing to the overall growth and development of the institution.
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Impact
July, 2024
Southwest Wisconsin Technical College Foundation Inc has a significant impact in providing scholarships and assistance to students and faculty of Southwest Wisconsin Technical College. Through their annual awards of scholarships, emergency grants, student support funds, and academic program support, the foundation directly contributes to the educational success and advancement of Southwest Tech students. Additionally, the foundation's provision of professional development funds to faculty, staff, and administration enhances the overall quality of education at the college. Furthermore, their funding support for capital projects and college priority projects helps in improving the infrastructure and resources available for students and faculty. Southwest Wisconsin Technical College Foundation Inc plays a crucial role in fostering academic growth, supporting educational initiatives, and empowering individuals within the community.
This information is meant to be a general summary of Southwest Wisconsin 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: $471,640
- Program Service Revenue: $14,128
- Gross Receipts: $3,509,990
Assets and Liabilities:
- Total Assets: $6,863,130
- Total Liabilities: $8,841
- Net Assets: $6,854,289
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE
Revenue
$14,128
Organization Details
Founding Year
1980
Phone
(608) 822-2379Principal Officer
Kimberly Schmelz
Main Address
1800 BRONSON BLVD, FENNIMORE, WI, 538099778
NTEE Category
Code: B82 - Education
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