Overview
What is South Piedmont Community College Foundation Inc?
South Piedmont Community College Foundation Inc, based in Polkton, North Carolina, is a nonprofit organization with a primary mission to foster growth, progress, and general welfare within the South Piedmont Community College. They achieve this by providing scholarship awards to students, making donations, and offering internal grants to various college programs at SPCC. By doing so, they contribute to the overall development and betterment of the educational institution. The Foundation's activities are geared towards supporting the college, ultimately benefiting its students and the community at large.
Official website here: www.spcc.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56% (One-Star out of Four Star rating)
The South Piedmont Community College Foundation Inc has received a One-Star rating from Charity Navigator, indicating significant areas for improvement in its accountability and finance practices. While the organization boasts a high percentage of independent board members and has solid policies in place regarding conflicts of interest and whistleblower protections, its overall financial health is concerning.
The foundation's financial statements and oversight mechanisms are well-structured, but it has a low program expense ratio of 44.03%, which suggests that a smaller portion of its expenditures is being directed towards its programs. Additionally, the liabilities to assets ratio stands at an alarmingly low 0.07%, which is a clear indicator of potential financial instability.
One notable limitation is the absence of the nonprofit’s tax form on its website, which is a critical transparency measure that helps donors assess the organization’s financial practices. Overall, while the foundation has established a solid governance framework, it needs to focus on improving its financial ratios and enhancing transparency to foster greater trust among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is South Piedmont Community College Foundation Inc legitimate?
South Piedmont Community College Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. South Piedmont 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.
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Official website here: www.spcc.edu
What is the mission statement of South Piedmont Community College Foundation Inc?
The South Piedmont Community College Foundation Inc's mission is centered around promoting growth, progress, and general welfare for South Piedmont Community College. This is achieved through various means, including offering scholarship awards to students and providing donations and internal grants to college programs within the institution. The foundation's activities aim to support and enhance the educational experience at the college, contributing to its overall development and success.
Official website here: www.spcc.edu
Who is the CEO of South Piedmont Community College Foundation Inc?
Ron Brown is the Treasurer of South Piedmont Community College Foundation Inc.
Official website here: www.spcc.edu
What is the revenue of South Piedmont Community College Foundation Inc?
South Piedmont Community College Foundation Inc's revenue in 2023 was $1,176,780.
Official website here: www.spcc.edu
Who are the executives of South Piedmont Community College Foundation Inc and what are their salaries?
Here are 15 key members and their salaries:
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Official website here: www.spcc.edu
Where can I find the form 990 for South Piedmont Community College Foundation Inc?
South Piedmont Community College Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.spcc.edu
Learn more at the official website: www.spcc.edu
Mission Statement of South Piedmont Community College Foundation Inc
South Piedmont Community College Foundation Inc is committed to fostering growth, progress, and overall well-being within South Piedmont Community College. Through this mission, the foundation aims to support the college in various capacities. One of their primary methods is by awarding scholarships to deserving students, thereby encouraging academic excellence and enabling access to higher education for many.
In addition to scholarships, South Piedmont Community College Foundation Inc also donates funds and grants to various college programs at SPCC. This financial assistance helps enhance the quality of education offered by the college, ensuring students receive a well-rounded learning experience. By promoting growth and progress at the college, the foundation contributes to the betterment of the broader community, as well.
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Impact
July, 2024
South Piedmont Community College Foundation Inc has a significant impact on the growth, progress, and general welfare of South Piedmont Community College in Polkton, NC. Through scholarship awards to students, donations, and internal grants to college programs at SPCC, the foundation plays a crucial role in supporting education and fostering opportunities for the college community. By promoting growth and progress at SPCC, the foundation contributes to the development of a skilled workforce and a more educated society.
This information is meant to be a general summary of South Piedmont 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: $288,752
- Gross Receipts: $1,204,783
Assets and Liabilities:
- Total Assets: $5,062,346
- Total Liabilities: $3,843
- Net Assets: $5,058,503
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Organization Details
Principal Officer
Ron Brown
Main Address
PO BOX 126, POLKTON, NC, 28135
Website
www.spcc.eduNTEE Category
Code: B43 - Education
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