Overview
What is Ozarks Technical Community College Foundation?
The Ozarks Technical Community College Foundation is a nonprofit organization situated in Springfield, Missouri. Their primary mission is to support the college's goal of enriching lives and strengthening the community. They achieve this by procuring private donations, fostering collaborations, and advocating for both students and the college. One of their significant tasks involves providing financial aid in the form of scholarships to 664 students at Ozarks Technical Community College.
Official website here: www.foundation.otc.edu
What are the reviews and ratings of this charity?
Charity Navigator rating: 90% (Four-Star out of Four Star rating)
The Ozarks Technical Community College Foundation has earned a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The foundation achieved a perfect score in several areas, including board independence and the lack of any material diversion of assets, indicating robust governance practices. Notably, its program expense ratio is impressive at 96.56%, showcasing a commitment to directing a significant portion of its resources toward its mission.
Despite its strengths, the foundation did receive a score of zero in fundraising efficiency, which suggests that the cost of fundraising efforts may be disproportionately high compared to the funds raised. Additionally, the absence of a whistleblower policy is a notable limitation, as it can raise concerns about transparency and risk management.
Overall, the foundation demonstrates strong financial health and effective management practices, but attention to improving fundraising efficiency and implementing a whistleblower policy could enhance its overall governance and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Ozarks Technical Community College Foundation legitimate?
Ozarks Technical Community College Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ozarks 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: $0
For more financial information, click here
Official website here: www.foundation.otc.edu
What is the mission statement of Ozarks Technical Community College Foundation?
The Ozarks Technical Community College Foundation's mission is centered around supporting the college's objective of positively impacting lives and enhancing communities. They accomplish this by procuring private donations, fostering partnerships, and advocating for both students and the college. Their primary role is to provide financial aid in the form of scholarships to deserving students, as evidenced by the 664 students who received awards.
Official website here: www.foundation.otc.edu
Who is the CEO of Ozarks Technical Community College Foundation?
Amy Bacon is the Assistant Tr of Ozarks Technical Community College Foundation.
Official website here: www.foundation.otc.edu
What is the revenue of Ozarks Technical Community College Foundation?
Ozarks Technical Community College Foundation's revenue in 2022 was $4,000,909.
Official website here: www.foundation.otc.edu
Who are the executives of Ozarks Technical Community College Foundation and what are their salaries?
There 63 volunteers at Ozarks Technical Community College Foundation.
Here are 30 key members and their salaries:
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Official website here: www.foundation.otc.edu
Where can I find the form 990 for Ozarks Technical Community College Foundation?
Ozarks Technical Community College Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.foundation.otc.edu
Learn more at the official website: www.foundation.otc.edu
Mission Statement of Ozarks Technical Community College Foundation
The Ozarks Technical Community College Foundation plays a crucial role in supporting the mission of Ozarks Technical Community College. This nonprofit organization accomplishes this by securing private donations, fostering partnerships, and advocating for students and the college. Their primary objective is to transform lives and strengthen communities, and they achieve this by providing financial assistance to students through scholarships. In the past year, the foundation awarded scholarships to 664 students, offering them the opportunity to continue their education without the burden of financial constraints. The Ozarks Technical Community College Foundation is an essential partner in the college's mission, contributing to the success of its students and the betterment of the communities it serves.
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Impact
July, 2024
The Ozarks Technical Community College Foundation's impact is significant as it supports the college mission of transforming lives and strengthening communities through securing private gifts, building partnerships, and advocating for students and the college. In the past year, the foundation provided scholarships to financially assist OTC students, with awards being made to 664 students. This support has directly contributed to the education and success of numerous individuals, making a positive difference in their lives.
This information is meant to be a general summary of Ozarks 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 2022.
- Investment Income: $793,273
- Gross Receipts: $4,033,024
Assets and Liabilities:
- Total Assets: $13,951,524
- Total Liabilities: $99,903
- Net Assets: $13,851,621
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Organization Details
Founding Year
1995
Phone
(417) 447-4842Principal Officer
Amy Bacon
Main Address
1001 E CHESTNUT EXPWY, SPRINGFIELD, MO, 658023625
Website
www.foundation.otc.eduNTEE Category
Code: T99Z - Philanthropy
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