Overview
What is Durham Technical Community College Foundation Inc?
Durham Technical Community College Foundation Inc is a dedicated nonprofit organization situated in Durham, North Carolina. Their primary mission is to advance opportunities for students, the college, and the surrounding Durham and Orange counties. To accomplish this, they provide charitable funding to support the academic programs and needs of the college. These funds are utilized for various purposes, such as purchasing classroom equipment, procuring library books, facilitating professional development, and offering staff support services. Additionally, they provide pass-through grants for specific college programs. The foundation's goal is to promote the long-term success of Durham Technical Community College by inspiring charitable investments in its students, faculty, and staff, advocating for the institution's compelling work, and acting as responsible stewards of the foundation's assets.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Stars
Durham Technical Community College Foundation Inc has earned an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. With a score of 97%, the organization demonstrates effective management of its resources, ensuring that a majority of its board members are independent and that it maintains rigorous financial oversight without any reported diversion of assets.
Strengths highlighted in the evaluation include a high program expense ratio of 91.20%, indicating that a significant portion of its funds directly supports its mission. Additionally, the foundation benefits from a robust working capital ratio of 13.24 years, underscoring its financial stability. The organization also follows best practices by having essential policies in place, such as conflict of interest and whistleblower policies.
One area noted for improvement is the fundraising efficiency ratio, which reflects a relatively low fundraising effectiveness at $0.002. While this may indicate a need for better strategies in fundraising efforts, the foundation's overall financial health remains solid, allowing it to continue its commitment to supporting educational initiatives effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Durham Technical Community College Foundation Inc legitimate?
Durham Technical Community College Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Durham 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: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Durham Technical Community College Foundation Inc?
The Durham Technical Community College Foundation Inc's mission is centered around advancing opportunities for students, the college, and the communities of Durham and Orange Counties. They strive to promote the long-term success of Durham Technical Community College by encouraging charitable investments in its students, faculty, and staff. The foundation serves as advocates for the institution's compelling work and acts as responsible stewards of its assets. They provide financial support through gifts and grants, funding academic programs, classroom equipment, library books, professional development, and other staff support services. Additionally, pass-through grants are provided for specific programs within the college.
Who is the CEO of Durham Technical Community College Foundation Inc?
Roxanne Miller is the Treasurer of Durham Technical Community College Foundation Inc.
What is the revenue of Durham Technical Community College Foundation Inc?
Durham Technical Community College Foundation Inc's revenue in 2022 was $2,180,134.
Who are the executives of Durham Technical Community College Foundation Inc and what are their salaries?
There 16 volunteers at Durham Technical Community College Foundation Inc.
Here are 18 key members and their salaries:
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- Other: $34,772
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- Related: $69,641
- Other: $22,495
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- Related: $93,515
- Other: $27,370
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- Related: $248,570
- Other: $62,486
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- Other: $0
Where can I find the form 990 for Durham Technical Community College Foundation Inc?
Durham Technical Community College Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Durham Technical Community College Foundation Inc
Durham Technical Community College Foundation Inc, a charitable organization, is committed to advancing opportunities for students, the college, and the communities of Durham and Orange Counties. Their mission is to promote the current and long-term success of Durham Technical Community College by inspiring charitable investments in its students, faculty, and staff. The Foundation serves as advocates for the institution's compelling work, striving to raise awareness about its achievements. Furthermore, they act as responsible stewards of the Foundation's assets, ensuring that the funds are utilized effectively to support the college's academic programs of study.
To achieve this mission, Durham Technical Community College Foundation Inc provides financial support through gifts and grants. These resources are allocated towards various initiatives, such as equipping classrooms, purchasing library books, funding professional development opportunities, and offering other staff support services. Additionally, the Foundation awards pass-through grants for specific programs within the college. By doing so, they contribute to the college's overall growth and development, ultimately benefiting its students and the communities it serves.
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Impact
July, 2024
Durham Technical Community College Foundation Inc's impact can be seen in its efforts to advance opportunities for students, the college, and Durham and Orange Counties. The foundation awards gifts and grants to support academic programs of study, providing funding for classroom equipment, library books, professional development, and staff support services. Additionally, the foundation funds pass-through grants for specific programs of the college. Its mission is to promote the current and long-term success of Durham Technical Community College by inspiring charitable investment in its students, faculty, and staff, advocating for the institution's compelling work, and serving as excellent stewards of the foundation's assets.
This information is meant to be a general summary of Durham 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 2022.
- Investment Income: $381,857
- Gross Receipts: $2,935,195
Assets and Liabilities:
- Total Assets: $8,356,113
- Total Liabilities: $48,778
- Net Assets: $8,307,335
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Organization Details
Founding Year
1982
Phone
(919) 536-7250Principal Officer
Roxanne Miller
Main Address
1637 LAWSON STREET, DURHAM, NC, 27703
NTEE Category
Code: B41 - Education
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