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Alexandria Technical & Community College Foundation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 411272662 ✦ Alexandria, MN ✦ Designated as a 501(c)(3)

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Overview

What is Alexandria Technical & Community College Foundation?

The Alexandria Technical & Community College Foundation is a nonprofit organization situated in Alexandria, Minnesota. Its primary mission is to support the educational endeavors of Alexandria Technical & Community College. This support is primarily achieved through the acceptance of in-kind donations, such as machinery, tools, software systems, and vehicles, which are then utilized in various college programs to provide students with practical, hands-on training. The foundation engages with various businesses and individuals to source these donations, contributing to the college's overall mission. The organization operates with a modest workforce of five individuals, committed to enhancing the educational experiences of the college's students.


Official website here: www.alextech.edu/foundation

What are the reviews and ratings of this charity?

Charity Navigator Rating: 95% (Four-Star out of Four Stars)

The Alexandria Technical & Community College Foundation has achieved an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The score reflects the organization’s strong performance in various aspects of governance and financial management, with a focus solely on Accountability & Finance metrics.

Strengths of the foundation include a fully independent board, rigorous financial oversight, and excellent ratios in program expenses and fundraising efficiency. With 100% of its board members being independent and a significant portion of its budget allocated to programs rather than administrative costs, the foundation demonstrates a commitment to transparency and effective resource management, ensuring that funds are utilized in support of its mission.

While the foundation appears to have robust financial practices, the summary does not highlight any specific programs or community impact, leaving a gap in understanding its overall effectiveness in fulfilling its mission. Nonetheless, the high ratings in financial integrity suggest that donors can feel confident in the foundation's operations and commitment to its objectives.


This AI summary has been generated from information found on Charity Navigator.

Is Alexandria Technical & Community College Foundation legitimate?

Alexandria Technical & Community College Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alexandria Technical & Community 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.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $302,189

For more financial information, click here


Official website here: www.alextech.edu/foundation

What is the mission statement of Alexandria Technical & Community College Foundation?

The Alexandria Technical & Community College Foundation's mission is centered around supporting the overarching objective of Alexandria Technical & Community College. This support is primarily achieved through in-kind donations, which include physical items such as engines, machinery, tools, software systems, parts, modules, metals, vehicles, and more. These donations enrich various college programs, providing students with valuable hands-on training. The foundation's role is instrumental in equipping the college with the necessary resources, thereby empowering students to gain practical skills and knowledge.


Official website here: www.alextech.edu/foundation

Who is the CEO of Alexandria Technical & Community College Foundation?

Jeff Wild is the President of Alexandria Technical & Community College Foundation.


Official website here: www.alextech.edu/foundation

What is the revenue of Alexandria Technical & Community College Foundation?

Alexandria Technical & Community College Foundation's revenue in 2023 was $6,601,772.


Official website here: www.alextech.edu/foundation

Who are the executives of Alexandria Technical & Community College Foundation and what are their salaries?

The average compensation at Alexandria Technical & Community College Foundation during 2023 was $60,438. There are 5 employees and 15 volunteers at Alexandria Technical & Community College Foundation.


Here are 11 key members and their salaries:


Erin Berns (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shari Laven (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Cass (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stuart Henrickson (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Anderson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kim Barse (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shannon Berns (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nicole Fernholz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carmon Watkins (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Wild (Executive Director)
  • Compensation: $133,233
  • Related: $0
  • Other: $46,190
Frank Starke (Ex-Officio)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.alextech.edu/foundation

Where can I find the form 990 for Alexandria Technical & Community College Foundation?

Alexandria Technical & Community College Foundation's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.alextech.edu/foundation

Learn more at the official website: www.alextech.edu/foundation

Mission Statement of Alexandria Technical & Community College Foundation

Alexandria Technical & Community College Foundation is a dedicated organization, whose mission is centered around supporting the mission of Alexandria Technical & Community College. This support is primarily achieved through in-kind donations. These donations encompass a wide range of physical items, such as engines, machinery, tools, software systems, parts, modules, metals, vehicles, and more. These contributions allow the college to provide practical training opportunities for its students, enhancing their learning experience and preparing them for various industries. By accepting these gifts from various businesses and individuals, the Foundation contributes significantly to the college's programs, empowering students to gain valuable hands-on experience.

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Impact




July, 2024

The Alexandria Technical & Community College Foundation has a significant impact by supporting the mission of the college through in-kind donations. These donations, which include physical items such as engines, machines, tools, software systems, parts, modules, metals, and vehicles from various businesses and individuals, are utilized for the college's programs to provide students with hands-on training. Through these contributions, the Foundation plays a crucial role in enhancing the educational experience and opportunities for students at Alexandria Technical & Community College.




This information is meant to be a general summary of Alexandria Technical & Community 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.

Revenue
$6,601,772 (2023)
Expenses
$2,609,101 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $72,495
  • Gross Receipts: $12,179,935

Assets and Liabilities:

  • Total Assets: $17,651,230
  • Total Liabilities: $5,689,857
  • Net Assets: $11,961,373

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Organization Details

Founding Year

1971

Principal Officer

Jeff Wild

Main Address

318 17TH AVENUE EAST, ALEXANDRIA, MN, 56308

NTEE Category

Code: B42I - Education

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