Overview
What is St Cloud Technical & Community College Foundation?
The St Cloud Technical & Community College Foundation is a nonprofit organization situated in St. Cloud, Minnesota, specifically at 1540 Northway Drive, 56303. Its primary mission is to support St. Cloud Technical and Community College by aiding students and various programs. The foundation accomplishes this by addressing capital, technology, and equipment needs for diverse programs. In the recent fiscal year, the foundation awarded over 300 scholarships to students and raised $13,050 for the Workforce Development Program, which was subsequently matched by the Minnesota Legislature for high-demand occupational programs. The eligible programs include Advanced Manufacturing, Early Childhood Education, Health Care Services, Information Technology, and Transportation. Overall, the foundation's role is to secure the necessary community and financial resources for the college's strategic priorities.
Official website here: www.sctcc.edu/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star Rating
St Cloud Technical & Community College Foundation has achieved an impressive Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and finance. The overall score, based entirely on a single beacon score, highlights the foundation's effectiveness in managing its resources wisely, which is essential for donor trust and confidence.
The foundation excels in various areas, including having a fully independent board and strong financial oversight. With an accountability score of 96%, the foundation demonstrates exemplary transparency and adherence to best practices, such as maintaining a conflict of interest policy and a whistleblower policy. Additionally, its program expense ratio of 85.24% indicates a significant portion of its resources directly supports its mission and programs.
There are no notable limitations mentioned in the data, suggesting that the foundation operates with a high level of integrity and effectiveness. This solid financial standing and governing structure positions the St Cloud Technical & Community College Foundation as a commendable choice for potential donors looking to support educational initiatives.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about St Cloud Technical & Community College Foundation?
88% of reviewers recommend St Cloud Technical & Community College Foundation based on 65 reviews. Here’s a summary of their thoughts:
Many individuals praise the college for its supportive environment, highlighting the small class sizes that allow for personalized attention and interaction with instructors. Reviewers express appreciation for the staff’s assistance, particularly regarding the financial aid process, which is described as clear and accessible. The convenience of having most classes in one location is also noted as a benefit, enhancing the overall experience.
Overall, it seems that the college effectively meets the needs of its students, offering a more affordable alternative to larger universities while maintaining a commitment to education and student support.
This AI summary has been generated from reviews found on Facebook.
Is St Cloud Technical & Community College Foundation legitimate?
St Cloud Technical & Community College Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Cloud 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:
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For more financial information, click here
Official website here: www.sctcc.edu/foundation
What is the mission statement of St Cloud Technical & Community College Foundation?
The St. Cloud Technical & Community College Foundation's mission is to support the strategic priorities of the college by securing necessary community and financial resources. This support extends to people and infrastructure, with a focus on providing scholarships and addressing the needs of various programs. The foundation awarded over 300 scholarships in the last fiscal year, and it also contributed to the Workforce Development Scholarship program, raising $13,050 as a match for the state-funded program. The Minnesota Legislature created the Workforce Development Scholarship program, requiring college foundations to raise 10% matching funds for scholarships for high-demand occupational programs, which include Advanced Manufacturing, Early Childhood Education, Health Care Services, Information Technology, and Transportation.
Official website here: www.sctcc.edu/foundation
Who is the CEO of St Cloud Technical & Community College Foundation?
Daniel Larson is the President of St Cloud Technical & Community College Foundation.
Official website here: www.sctcc.edu/foundation
What is the revenue of St Cloud Technical & Community College Foundation?
St Cloud Technical & Community College Foundation's revenue in 2023 was $635,109.
Official website here: www.sctcc.edu/foundation
Who are the executives of St Cloud Technical & Community College Foundation and what are their salaries?
There 109 volunteers at St Cloud Technical & Community College Foundation.
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- Related: $114,669
- Other: $42,166
Official website here: www.sctcc.edu/foundation
Where can I find the form 990 for St Cloud Technical & Community College Foundation?
St Cloud Technical & Community College Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.sctcc.edu/foundation
Learn more at the official website: www.sctcc.edu/foundation
Mission Statement of St Cloud Technical & Community College Foundation
The St. Cloud Technical & Community College Foundation's mission is centered around supporting the strategic priorities of St. Cloud Technical and Community College by securing necessary community and financial resources. This nonprofit organization works towards achieving this goal by providing support to people and programs that are essential to the college. The Foundation plays a significant role in meeting the college's capital, technology, and equipment needs for various programs.
In addition to their infrastructure support, the St. Cloud Technical & Community College Foundation also awards scholarships to students. Last fiscal year, they granted over 300 scholarships to deserving students. Notably, they raised and secured $13,050 for the Workforce Development Scholarship program, which was a match for the Workforce Development Program. This program was created by the Minnesota Legislature and allocated funds to MNState colleges. In line with state requirements, college foundations are expected to raise 10% matching funds for scholarships for high-demand occupational programs, such as Advanced Manufacturing, Early Childhood Education, Health Care Services, Information Technology, and Transportation.
In summary, the St. Cloud Technical & Community College Foundation's mission is to support the college by securing essential resources and providing scholarships and infrastructure support. This nonprofit organization plays a crucial role in enabling the college to offer high-demand occupational programs and provide opportunities for students to pursue their education.
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Impact
July, 2024
The impact of St Cloud Technical & Community College Foundation is significant in supporting students and programs at the college. The foundation plays a crucial role in securing community and financial resources to meet the strategic priorities of the college. Through its efforts, the foundation has awarded over 300 scholarships to students in the past fiscal year, providing much-needed support for educational advancement.
One notable initiative of the foundation is the Workforce Development Scholarship program, where the foundation raised and secured funds to match the program's requirements. This program helps students in high-demand occupational programs such as advanced manufacturing, early childhood education, health care services, information technology, and transportation programs. By supporting these programs, the foundation contributes to the development of a skilled workforce in these crucial areas.
Overall, the St Cloud Technical & Community College Foundation's impact is evident in its commitment to supporting students, programs, and the overall mission of the college through community engagement and financial assistance.
This information is meant to be a general summary of St Cloud 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $103,812
- Gross Receipts: $662,380
Assets and Liabilities:
- Total Assets: $4,120,722
- Total Liabilities: $15,932
- Net Assets: $4,104,790
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Organization Details
Founding Year
1994
Phone
(320) 308-5980Principal Officer
Daniel Larson
Main Address
1540 NORTHWAY DR, ST CLOUD, MN, 56303
Website
www.sctcc.edu/foundationNTEE Category
Code: B82 - Education
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