Overview
What is Southwest Virginia Community College Educational Foundation Inc?
The Southwest Virginia Community College Educational Foundation Inc is a nonprofit organization based in Richlands, Virginia, with the primary mission of supporting Southwest Virginia Community College and its community. By providing scholarships to students and aiding the college and the Virginia Community College System, the foundation aims to meet the needs of and offer opportunities to students, faculty, and staff. This economic assistance enables the college to address current requirements and tackle future challenges.
Official website here: www.sw.edu/edfoundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
The Southwest Virginia Community College Educational Foundation Inc has achieved an impressive Four-Star rating from Charity Navigator, indicative of its high level of accountability and financial health. The organization scored 97% in the Accountability & Finance category, which reflects a strong commitment to transparency and responsible management of funds. The rating is particularly meaningful as it is derived entirely from a single beacon score, emphasizing the foundation's robust financial practices.
Key strengths of the organization include its fully independent board, which consists of 11 members, and a clean record with no material diversion of assets. The foundation demonstrates excellent financial oversight, with all necessary policies in place, such as conflict of interest and whistleblower policies. Additionally, the foundation maintains a high program expense ratio, allocating approximately 85.94% of its expenses directly to programs, and showcases outstanding fundraising efficiency.
While no specific limitations are highlighted in the data, the strong financial ratios, including a low liabilities-to-assets ratio and a significant working capital ratio, suggest a well-managed organization capable of sustaining its mission. Overall, the foundation appears to be a trustworthy entity that effectively utilizes its resources to support educational initiatives within the community.
This AI summary has been generated from information found on Charity Navigator.
Is Southwest Virginia Community College Educational Foundation Inc legitimate?
Southwest Virginia Community College Educational Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southwest Virginia 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $31,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.sw.edu/edfoundation
What is the mission statement of Southwest Virginia Community College Educational Foundation Inc?
The Southwest Virginia Community College Educational Foundation Inc aims to support the mission of Southwest Virginia Community College and help meet the needs of students, faculty, and staff. This is done by striving to provide economic stability and assisting the college in addressing both current requirements and future challenges. The foundation's expenses are allocated to the college for its assets, activities, staff, students, clubs, and overall support.
Official website here: www.sw.edu/edfoundation
Who is the CEO of Southwest Virginia Community College Educational Foundation Inc?
Scott Butcher is the Board Member of Southwest Virginia Community College Educational Foundation Inc.
Official website here: www.sw.edu/edfoundation
What is the revenue of Southwest Virginia Community College Educational Foundation Inc?
Southwest Virginia Community College Educational Foundation Inc's revenue in 2022 was $19,001,638.
Official website here: www.sw.edu/edfoundation
Who are the executives of Southwest Virginia Community College Educational Foundation Inc and what are their salaries?
There 10 volunteers at Southwest Virginia Community College Educational Foundation Inc.
Here are 10 key members and their salaries:
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- Compensation: $31,000
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Official website here: www.sw.edu/edfoundation
Where can I find the form 990 for Southwest Virginia Community College Educational Foundation Inc?
Southwest Virginia Community College Educational Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sw.edu/edfoundation
Learn more at the official website: www.sw.edu/edfoundation
Mission Statement of Southwest Virginia Community College Educational Foundation Inc
Southwest Virginia Community College Educational Foundation, Inc. is a charitable organization dedicated to supporting the mission of Southwest Virginia Community College and enhancing opportunities for students, faculty, and staff. By striving for economic stability, the Foundation plays a vital role in helping the college meet current needs and overcome future challenges.
The Foundation's primary focus is to provide scholarships to students and offer assistance to the college and the Virginia Community College System. These efforts are geared towards ensuring the college can continue its mission of providing quality education while addressing the needs of its students and community. The Foundation's financial contributions are channeled towards college assets and activities, including staff, students, clubs, and overall support.
Southwest Virginia Community College Educational Foundation, Inc. is committed to supporting the Southwest Virginia Community College community by providing essential resources and opportunities. Its purpose extends beyond just financial aid, as it aims to ensure the college has the means to thrive and adapt in an ever-changing world. The Foundation's dedication to economic stability is a testament to its unwavering belief in the college's potential to make a positive impact on students and the community.
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Impact
October, 2024
Southwest Virginia Community College Educational Foundation Inc has made a significant impact by providing scholarships that ease financial burdens for students, enabling them to pursue their education and achieve their academic goals. The Foundation plays a crucial role in supporting the college's mission, enhancing educational opportunities for students, faculty, and staff.
By allocating resources to meet the immediate needs of the college and adapting to future challenges, the Foundation helps ensure economic stability within Southwest Virginia’s educational landscape. This support not only benefits individual students but also contributes to the overall health of the local community by fostering a well-educated workforce.
Overall, the Foundation’s efforts create lasting opportunities, helping to empower the next generation of leaders in Virginia while enhancing the educational environment at Southwest Virginia Community College.
This information is meant to be a general summary of Southwest Virginia 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: $17,068,452
- Gross Receipts: $33,688,526
Assets and Liabilities:
- Total Assets: $33,978,291
- Total Liabilities: $1,197,455
- Net Assets: $32,780,836
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Organization Details
Founding Year
1981
Phone
(276) 964-7304Principal Officer
Scott Butcher
Main Address
PO BOX 1101, RICHLANDS, VA, 24641
Website
www.sw.edu/edfoundationNTEE Category
Code: B820 - Education
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