Overview
What is Northwest Iowa Community College Foundation?
The Northwest Iowa Community College Foundation is a charitable organization situated in Sheldon, Iowa, specifically at 603 W Park Street. Their primary mission is to support the students enrolled at Northwest Iowa Community College by distributing donations received from external sources. These funds are used to award scholarships and provide necessary equipment to the students, thereby easing their financial burden and enhancing their educational experience.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating. This high score reflects the Northwest Iowa Community College Foundation's strong performance in accountability and finance, as evidenced by their perfect 100% score in key governance areas. The organization demonstrates robust financial health with a 0.00% liabilities to assets ratio, indicating no debt, and a program expense ratio of 92.86%, showing that a significant majority of its funds are directed towards its programs.
The foundation boasts a fully independent board, with all 21 members free from conflicts of interest, which enhances its governance credibility. Additionally, the presence of documented policies for conflict of interest, whistleblower protection, and document retention underscores its commitment to transparency and ethical management. The foundation's practices align with best practices, contributing to its high accountability rating.
However, while the foundation excels in financial management and governance, further information about its programmatic impact or outreach effectiveness is not detailed in the rating summary. Prospective donors and supporters may want to consider looking for additional insights into the specific outcomes of the foundation's initiatives to understand its overall effectiveness in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Northwest Iowa Community College Foundation legitimate?
Northwest Iowa Community College Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Northwest Iowa 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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What is the mission statement of Northwest Iowa Community College Foundation?
The Northwest Iowa Community College Foundation's primary mission is to extend financial aid and necessary equipment to the students enrolled at Northwest Iowa Community College. This is accomplished by accepting donations from various external sources and subsequently distributing these funds in the form of scholarships to the students. The foundation's purpose is to support the educational journey of these students, thereby empowering them to pursue their academic goals effectively.
Who is the CEO of Northwest Iowa Community College Foundation?
Lyle Korver is the Director of Northwest Iowa Community College Foundation.
What is the revenue of Northwest Iowa Community College Foundation?
Northwest Iowa Community College Foundation's revenue in 2022 was $1,558,080.
Who are the executives of Northwest Iowa Community College Foundation and what are their salaries?
Here are 18 key members and their salaries:
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Where can I find the form 990 for Northwest Iowa Community College Foundation?
Northwest Iowa Community College Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Northwest Iowa Community College Foundation
The Northwest Iowa Community College Foundation is committed to supporting the students of Northwest Iowa Community College through the provision of scholarships and essential equipment. This nonprofit organization receives donations from various external sources and distributes these funds to the students in Sheldon, Iowa, in the form of scholarships. By doing so, it aids in alleviating the financial burden of education for many students, enabling them to pursue their academic goals and secure a brighter future. Additionally, the foundation may also provide essential equipment to enhance the learning environment and academic experiences for the students at Northwest Iowa Community College.
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Impact
July, 2024
The impact of Northwest Iowa Community College Foundation is significant in providing scholarships and equipment to the students of Northwest Iowa Community College in Sheldon, Iowa. By receiving donations from outside sources and distributing these donations in the form of scholarships, the foundation plays a vital role in supporting the educational pursuits of students in the region. This support helps students access higher education opportunities, achieve their academic goals, and ultimately contribute positively to their communities. Through its philanthropic efforts, the foundation contributes to the advancement of education and the empowerment of students in Northwest Iowa.
This information is meant to be a general summary of Northwest Iowa 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 2022.
- Investment Income: $459,572
- Gross Receipts: $2,870,460
Assets and Liabilities:
- Total Assets: $8,065,873
- Total Liabilities: $6,468
- Net Assets: $8,059,405
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Organization Details
Founding Year
1983
Phone
(712) 324-5061Principal Officer
Lyle Korver
Main Address
603 W PARK STREET, SHELDON, IA, 51201
NTEE Category
Code: T31 - Philanthropy
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