Overview
What is Forsyth Technical Community College Foundation Inc?
Forsyth Technical Community College Foundation Inc is a nonprofit organization situated in Winston-Salem, North Carolina. With a primary address at 2100 Silas Creek Parkway, this entity is dedicated to promoting public awareness and support for Forsyth Technical Community College. By soliciting and advocating for donations, the foundation aims to financially aid students through various endowments and scholarships. These financial resources contribute to the students' higher education, thereby enhancing the community as a whole through this education. The foundation's mission is multifaceted, encompassing both fostering public understanding and actively seeking donations for the exclusive benefit of the college.
Official website here: www.forsythtech.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star rating)
The Forsyth Technical Community College Foundation Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong focus on accountability and financial integrity. The organization has a notable 92.73% program expense ratio, indicating that a significant majority of its funds are directed toward its mission-related activities. Additionally, the foundation maintains a low liabilities to assets ratio of just 0.02%, showcasing its financial stability.
The foundation's governance is reinforced by an independent board, with 86% of its members being independent, which contributes to effective oversight. The organization has clear policies in place, including conflict of interest and whistleblower protections, ensuring transparency and ethical standards in its operations. The excellent scores across various accountability measures demonstrate a commitment to maintaining high standards in financial management.
While the data presents a positive view of the foundation, it does not highlight any specific challenges or areas for improvement. Overall, the Forsyth Technical Community College Foundation Inc stands out as a well-managed nonprofit, dedicated to maximizing its impact within the community.
This AI summary has been generated from information found on Charity Navigator.
Is Forsyth Technical Community College Foundation Inc legitimate?
Forsyth Technical Community College Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Forsyth Technical Community College 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: $0
Professional Fundraising Fees: $12,500
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.forsythtech.edu
What is the mission statement of Forsyth Technical Community College Foundation Inc?
The mission of Forsyth Technical Community College Foundation Inc is centered around fostering public understanding and support for Forsyth Technical Community College. The primary objective of the foundation is to solicit and promote donations for the exclusive benefit of the college. Through these donations, various endowments and scholarships are awarded to students at Forsyth Technical Community College, helping them finance their higher education and ultimately enriching the community through this education. The foundation's activities aim to enhance the college's reputation and resources, thereby contributing to the betterment of the students and the community at large.
Official website here: www.forsythtech.edu
Who is the CEO of Forsyth Technical Community College Foundation Inc?
Kizzy Lea is the Secretary of Forsyth Technical Community College Foundation Inc.
Official website here: www.forsythtech.edu
What is the revenue of Forsyth Technical Community College Foundation Inc?
Forsyth Technical Community College Foundation Inc's revenue in 2023 was $2,351,370.
Official website here: www.forsythtech.edu
Who are the executives of Forsyth Technical Community College Foundation Inc and what are their salaries?
There 14 volunteers at Forsyth Technical Community College Foundation Inc.
Here are 16 key members and their salaries:
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- Other: $89,972
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- Other: $50,449
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- Related: $113,707
- Other: $38,425
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Official website here: www.forsythtech.edu
Where can I find the form 990 for Forsyth Technical Community College Foundation Inc?
Forsyth Technical Community College Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.forsythtech.edu
Learn more at the official website: www.forsythtech.edu
Mission Statement of Forsyth Technical Community College Foundation Inc
Forsyth Technical Community College Foundation Inc is dedicated to fostering public awareness and support for Forsyth Technical Community College. Its primary mission is to solicit and promote donations of various kinds, all aimed at benefiting the college exclusively. Through these donations, the foundation awards various endowments and scholarships to students at Forsyth Technical Community College. These financial aids help students finance their higher education, thereby enhancing the community as a whole through this enlightenment. The foundation's efforts serve to uplift the community by nurturing the next generation of learners and contributors.
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Impact
July, 2024
Forsyth Technical Community College Foundation Inc's impact lies in fostering public understanding of and support for Forsyth Technical Community College, as well as soliciting and promoting donations for the exclusive benefit of the college. Through various endowments and scholarships, the foundation awards financial assistance to students at Forsyth Technical Community College, enabling them to pursue higher education and enhance the community through their educational pursuits. This support contributes to the development of a skilled workforce and strengthens the community's educational opportunities.
This information is meant to be a general summary of Forsyth Technical Community College 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 2023.
- Investment Income: $414,200
- Gross Receipts: $25,477,751
Assets and Liabilities:
- Total Assets: $14,533,335
- Total Liabilities: $4,329
- Net Assets: $14,529,006
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Organization Details
Founding Year
1973
Phone
(336) 734-7540Principal Officer
Kizzy Lea
Main Address
2100 SILAS CREEK PARKWAY, WINSTONSALEM, NC, 27103
Website
www.forsythtech.eduNTEE Category
Code: B11 - Education
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