Overview
What is Wytheville Community College Educational Foundation Inc?
Wytheville Community College Educational Foundation Inc is a nonprofit organization situated in Wytheville, Virginia. Its primary mission is to support Wytheville Community College and its students by securing private resources. The foundation primarily provides scholarships and awards to deserving students of the college. Its purpose is to foster, promote, and enhance the growth and general welfare of the college, contributing to its educational and administrative resources through donations, acquisitions, and loans. Additionally, the foundation offers scholarships or grants in aid for students.
Official website here: www.wcc.vccs.edu/wcc-educational-foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Star rating)
Wytheville Community College Educational Foundation Inc has received a commendable Four-Star rating from Charity Navigator, indicating a strong overall performance based on accountability and finance metrics. The foundation's score is derived entirely from its accountability and finance score of 95%, showcasing its commitment to transparency and effective financial management.
The organization demonstrates strong governance with a fully independent board of directors, consisting of 19 independent members, and has established comprehensive policies such as conflict of interest, whistleblower, and document retention. Additionally, it has no material diversion of assets and maintains a low liabilities to assets ratio of 0.12%, highlighting its fiscal health and responsible stewardship of funds.
On the efficiency front, the foundation allocates a significant portion of its budget to program expenses, with a ratio of 91.73%, and exhibits remarkable fundraising efficiency. It operates with a working capital ratio of 12.47 years, reflecting a stable financial position that allows for sustained programmatic impact. Overall, the foundation's robust financial practices position it well to fulfill its mission effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Wytheville Community College Educational Foundation Inc legitimate?
Wytheville Community College Educational Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wytheville Community College Educational Foundation Inc 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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Official website here: www.wcc.vccs.edu/wcc-educational-foundation
What is the mission statement of Wytheville Community College Educational Foundation Inc?
The Wytheville Community College Educational Foundation Inc's mission is to foster and promote the growth, progress, and general welfare of Wytheville Community College and the Virginia Community College System. They aim to achieve this by securing private resources to support the college and its students. This includes providing financial aid, donations, or contributions to strengthen, develop, and enlarge the college and its programs. They also purchase equipment, build facilities, offer educational loans, scholarships, or grants for students, and contribute to functions sponsored by the college.
Official website here: www.wcc.vccs.edu/wcc-educational-foundation
Who is the CEO of Wytheville Community College Educational Foundation Inc?
Dean Sprinkle is the Member of Wytheville Community College Educational Foundation Inc.
Official website here: www.wcc.vccs.edu/wcc-educational-foundation
What is the revenue of Wytheville Community College Educational Foundation Inc?
Wytheville Community College Educational Foundation Inc's revenue in 2022 was $1,799,257.
Official website here: www.wcc.vccs.edu/wcc-educational-foundation
Who are the executives of Wytheville Community College Educational Foundation Inc and what are their salaries?
There 19 volunteers at Wytheville Community College Educational Foundation Inc.
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Official website here: www.wcc.vccs.edu/wcc-educational-foundation
Where can I find the form 990 for Wytheville Community College Educational Foundation Inc?
Wytheville Community College Educational Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wcc.vccs.edu/wcc-educational-foundation
Learn more at the official website: www.wcc.vccs.edu/wcc-educational-foundation
Mission Statement of Wytheville Community College Educational Foundation Inc
Wytheville Community College Educational Foundation, Inc., is committed to fostering and promoting the growth, progress, and general welfare of Wytheville Community College and the Virginia Community College System. The foundation's primary mission is to secure private resources to support the college and its students. To achieve this, the organization provides financial aid, purchases necessary materials, equipment, and constructs facilities to enhance the educational and administrative resources of the college. Additionally, Wytheville Community College Educational Foundation, Inc., offers educational loans, scholarships, or grants to students of the college, aiming to make higher education more accessible. The foundation's overall goal is to strengthen, develop, and enlarge the college and its programs, both existing and future ones, contributing to the betterment of the students and the institution as a whole.
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Impact
July, 2024
The impact of the Wytheville Community College Educational Foundation Inc is primarily focused on supporting the growth and progress of Wytheville Community College and its students. Through scholarship support, the Foundation provides financial assistance to deserving students, helping them access higher education opportunities. By fostering the college's development, providing resources for student aid, and contributing to educational initiatives, the Foundation plays a vital role in advancing education in the community and empowering individuals to achieve their academic goals.
This information is meant to be a general summary of Wytheville Community College Educational Foundation Inc. 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: $278,348
- Gross Receipts: $1,799,257
Assets and Liabilities:
- Total Assets: $13,748,180
- Total Liabilities: $27,044
- Net Assets: $13,721,136
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Organization Details
Founding Year
1981
Phone
(276) 223-4772Principal Officer
Dean Sprinkle
Main Address
1000 EAST MAIN STREET, WYTHEVILLE, VA, 24382
NTEE Category
Code: B41Z - Education
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