Overview
What is Guilford Technical Community College Foundation Inc?
Guilford Technical Community College Foundation Inc is a nonprofit organization situated in Jamestown, North Carolina (specifically at PO Box 309). Their primary mission is to augment the financial resources available to students, faculty, and programs at Guilford Technical Community College. To achieve this, they raise funds through charitable donations, adhering to the college's mission and goals. The foundation provides financial aid to deserving students, in areas not covered by state funds, and supports faculty and staff in need. Their activities encompass various financial assistance programs and services at the college.
Official website here: www.foundation gtcc edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
The Guilford Technical Community College Foundation Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting a strong emphasis on accountability and financial management. With a perfect score in the Accountability & Finance category, the organization showcases transparency and effective governance, highlighted by a board comprised entirely of independent members.
The foundation demonstrates a solid financial position, as evidenced by a low liabilities to assets ratio of 0.37% and a high program expense ratio of 82.51%. This indicates that the majority of its funding is directed towards programs rather than administrative costs, reinforcing its commitment to serving the community and fulfilling its mission.
While the foundation's metrics are impressive, potential donors and supporters should always consider the broader context of the organization's impact and program effectiveness beyond financial ratings. However, the strong governance practices and financial health give confidence in its operations and sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Guilford Technical Community College Foundation Inc legitimate?
Guilford Technical Community College Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Guilford 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
Official website here: www.foundation gtcc edu
What is the mission statement of Guilford Technical Community College Foundation Inc?
The Guilford Technical Community College Foundation Inc's mission is centered around raising funds to enhance the financial resources available to students, faculty, and staff at Guilford Technical Community College. The foundation provides financial aid to deserving students pursuing their education, as well as faculty and staff in areas not covered by state funds. It solicits and manages charitable donations in line with the college's mission and goals, offering various financial assistance programs and services.
Official website here: www.foundation gtcc edu
Who is the CEO of Guilford Technical Community College Foundation Inc?
Nancy Sollosi is the Secretary of Guilford Technical Community College Foundation Inc.
Official website here: www.foundation gtcc edu
What is the revenue of Guilford Technical Community College Foundation Inc?
Guilford Technical Community College Foundation Inc's revenue in 2022 was $2,007,409.
Official website here: www.foundation gtcc edu
Who are the executives of Guilford Technical Community College Foundation Inc and what are their salaries?
Here are 26 key members and their salaries:
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Official website here: www.foundation gtcc edu
Where can I find the form 990 for Guilford Technical Community College Foundation Inc?
Guilford Technical Community College Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.foundation gtcc edu
Learn more at the official website: www.foundation gtcc edu
Mission Statement of Guilford Technical Community College Foundation Inc
Guilford Technical Community College Foundation Inc is dedicated to raising funds to supplement the financial resources available to students, faculty, staff, and programs at Guilford Technical Community College. The foundation's mission is to provide financial assistance to deserving students seeking their education and to faculty and staff in areas not covered by state funds. The organization solicits and administers charitable gifts in alignment with the college's mission and goals, offering various financial assistance programs and services at the college.
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Impact
July, 2024
Guilford Technical Community College Foundation Inc has a significant impact on the Guilford Technical Community College community by raising funds to supplement the financial resources available to students, faculty, staff, and programs. The foundation provides various forms of financial assistance to support programs and services at the college, ensuring that worthy students can pursue their education and that faculty and staff receive support in areas not covered by state funds. Through soliciting and administering charitable gifts, the foundation contributes to fulfilling the college's mission and goals, ultimately enhancing the educational experience for all involved.
This information is meant to be a general summary of Guilford 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: $762,830
- Gross Receipts: $2,038,568
Assets and Liabilities:
- Total Assets: $16,568,193
- Total Liabilities: $292,498
- Net Assets: $16,275,695
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Organization Details
Founding Year
1966
Phone
(336) 334-4822Principal Officer
Nancy Sollosi
Main Address
PO BOX 309, JAMESTOWN, NC, 27282
Website
www.foundation gtcc eduNTEE Category
Code: B110 - Education
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