Overview
What is Mitchell Technical College Foundation?
The Mitchell Technical College Foundation is a nonprofit organization situated in Mitchell, South Dakota, specifically at 1800 E Spruce St. Their primary mission is to support Mitchell Technical Institute, aiding students in achieving success in technical careers. They accomplish this by offering scholarships and investing in updated equipment and tools, ensuring the college maintains a contemporary curriculum across all its programs. The foundation plays a crucial role in enhancing the educational experience and opportunities for students pursuing technical careers.
Official website here: www.mitchelltech.edu/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 69%). The Mitchell Technical College Foundation has received a score that indicates areas needing enhancement, particularly in governance and financial oversight. While the organization enjoys a strong performance in program expense ratio and independent board membership, other critical areas have been flagged for improvement.
The foundation boasts 100% independent board members and a healthy liabilities to assets ratio of 0.00%, reflecting strong financial stability. Additionally, the program expense ratio of 96.48% suggests that the majority of its expenses are directed towards its programs, which is a positive indicator for donors interested in seeing their contributions effectively utilized.
However, the nonprofit has significant shortcomings in its accountability measures. It lacks crucial policies such as a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which raises concerns about governance practices. Furthermore, financial statements were not reviewed or compiled, and the tax form is not available on the nonprofit's website, indicating a need for greater transparency and adherence to best practices in nonprofit management.
This AI summary has been generated from information found on Charity Navigator.
Is Mitchell Technical College Foundation legitimate?
Mitchell Technical College Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mitchell Technical 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.
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.mitchelltech.edu/foundation
What is the mission statement of Mitchell Technical College Foundation?
The Mitchell Technical College Foundation's mission is centered around supporting Mitchell Technical Institute in equipping students with the necessary skills for successful careers in technical fields. This is achieved through the provision of scholarships for students and the acquisition of updated equipment and tools, ensuring that the curriculum remains current in all programs. The foundation's activities also involve providing support to the programs and instructors at Mitchell Technical College, both financially and otherwise, to enhance the learning experience for the students.
Official website here: www.mitchelltech.edu/foundation
Who is the CEO of Mitchell Technical College Foundation?
David Kayser is the President of Mitchell Technical College Foundation.
Official website here: www.mitchelltech.edu/foundation
What is the revenue of Mitchell Technical College Foundation?
Mitchell Technical College Foundation's revenue in 2023 was $1,672,744.
Official website here: www.mitchelltech.edu/foundation
Who are the executives of Mitchell Technical College Foundation and what are their salaries?
There 9 volunteers at Mitchell Technical College Foundation.
Here are 9 key members and their salaries:
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Official website here: www.mitchelltech.edu/foundation
Where can I find the form 990 for Mitchell Technical College Foundation?
Mitchell Technical College Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.mitchelltech.edu/foundation
Learn more at the official website: www.mitchelltech.edu/foundation
Mission Statement of Mitchell Technical College Foundation
The Mitchell Technical College Foundation is committed to supporting Mitchell Technical Institute in equipping students with the necessary skills for success in technical careers. This is accomplished through various means, including providing scholarships for students and acquiring updated equipment and tools to ensure that the curriculum in all programs remains current. By doing so, the foundation aims to contribute to the college's mission of providing quality education in technical fields. The foundation's activities extend beyond financial support, as it also provides non-cash awards to programs and instructors at Mitchell Technical College, further enhancing the learning environment and educational experience for its students.
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Impact
July, 2024
The Mitchell Technical College Foundation's impact can be seen in its direct support of Mitchell Technical College in providing students with the necessary skills for success in technical careers. Through scholarships for students and acquisitions of updated equipment and tools, the Foundation ensures that the college can offer updated curriculum in all programs. By providing financial assistance and resources to the programs and instructors at Mitchell Technical College, the Foundation contributes to the education and training of future technical professionals.
This information is meant to be a general summary of Mitchell Technical 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: $179,637
- Gross Receipts: $1,672,744
Assets and Liabilities:
- Total Assets: $6,228,868
- Total Liabilities: $0
- Net Assets: $6,228,868
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Organization Details
Founding Year
1999
Phone
(605) 995-3022Principal Officer
David Kayser
Main Address
1800 E SPRUCE ST, MITCHELL, SD, 57301
NTEE Category
Code: B82 - Education
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