Overview
What is South Carolina Technical College System Foundation?
The South Carolina Technical College System Foundation, abbreviated as SYS, is a supporting nonprofit organization based in Columbia, South Carolina. Its primary mission is to strengthen the state's workforce by identifying opportunities to equip its workers with necessary skills. The foundation does this through various activities, such as engaging with the technical colleges across South Carolina, connecting employers with innovative talent development approaches, and fostering relationships to ensure educational excellence. In 2023, the foundation adopted an initiative named Create Opportunity, which aims to increase the supply of high-demand software engineers by providing a screening, training, and apprenticeship model for individuals from diverse backgrounds. Since its inception in 2020, Create Opportunity has graduated 32 individuals who have secured high-demand positions in programming, allowing them to grow both in wage and responsibility. In summary, the South Carolina Technical College System Foundation is dedicated to supporting the state's largest higher education system by leveraging private resources to bolster its assets and drive innovation, ultimately contributing to the workforce of today and tomorrow.
Official website here: www.sctechsystem.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 99%, Four-Star out of Four Star rating.
The South Carolina Technical College System Foundation has achieved an impressive score of 99%, reflecting its strong accountability and financial practices. This high rating is based solely on its accountability and finance metrics, which indicate a well-managed organization. The foundation's commitment to transparency is evident, with a fully independent board and no reported material diversions of assets.
Strengths highlighted include its excellent governance practices, such as having a conflict of interest policy and a whistleblower policy in place. The foundation also demonstrates sound financial health, with a liabilities to assets ratio of 0.00% and a program expense ratio of 69.01%, indicating that a significant portion of its funds is directed toward its programs.
While the foundation has received accolades for its accountability, users looking for additional qualitative feedback may not find detailed narrative reviews. Overall, the South Carolina Technical College System Foundation stands out for its financial integrity and governance, making it a trustworthy choice for donors.
This AI summary has been generated from information found on Charity Navigator.
Is South Carolina Technical College System Foundation legitimate?
South Carolina Technical College System Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. South Carolina Technical College System Foundation 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.sctechsystem.com
What is the mission statement of South Carolina Technical College System Foundation?
The South Carolina Technical College System Foundation's mission is to support and advocate for the South Carolina Technical College System and its sixteen associated technical colleges. The foundation aims to foster strong relationships to promote educational excellence and provide high-quality, relevant, and effective programs. It identifies opportunities to equip the state's workforce with the necessary skills for leading new and existing industries, thereby expanding South Carolina's employment ecosystem. The foundation also engages with the system and its technical colleges statewide to develop accessible and affordable programming for urban, suburban, and rural communities, and connects employers to innovative talent development approaches to fill in-demand, high-skilled jobs in a dynamic economy.
Official website here: www.sctechsystem.com
Who is the CEO of South Carolina Technical College System Foundation?
Charles Sox is the Board Member of South Carolina Technical College System Foundation.
Official website here: www.sctechsystem.com
What is the revenue of South Carolina Technical College System Foundation?
South Carolina Technical College System Foundation's revenue in 2023 was $112,732.
Official website here: www.sctechsystem.com
Who are the executives of South Carolina Technical College System Foundation and what are their salaries?
Here are 21 key members and their salaries:
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Official website here: www.sctechsystem.com
Where can I find the form 990 for South Carolina Technical College System Foundation?
South Carolina Technical College System Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.sctechsystem.com
Learn more at the official website: www.sctechsystem.com
Mission Statement of South Carolina Technical College System Foundation
The South Carolina Technical College System Foundation serves as a supportive organization for the South Carolina Technical College System. Its mission is centered around fostering enduring relationships, advocacy, and support for the system and its sixteen associated technical colleges. The foundation's primary objective is to ensure and promote educational excellence within the system, ultimately contributing to the provision of high-quality, relevant, and effective programs that drive economic and workforce development within the state. By harnessing private resources, the foundation bolsters the assets of the state's largest higher education system, thereby driving innovation to support the workforce of today and tomorrow. In essence, the South Carolina Technical College System Foundation plays a crucial role in equipping South Carolina workers with the tools necessary to become skilled leaders in new and existing industries, thereby expanding the state's employment ecosystem.
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Impact
October, 2024
The South Carolina Technical College System Foundation plays a pivotal role in strengthening the state's workforce through various innovative initiatives and programs. By collaborating with technical colleges across South Carolina, it effectively develops accessible and affordable educational opportunities tailored to urban, suburban, and rural communities. This approach connects employers with effective talent development strategies, fulfilling the demand for highly-skilled professionals in a rapidly changing economy.
One of the flagship initiatives, "Create Opportunity," stands out for its commitment to increasing the supply of software engineers from diverse, non-technical backgrounds. Since its launch, this program has successfully graduated 32 individuals, helping them secure well-paying positions in program development. These graduates not only gain employment but also have the potential for significant wage growth and increased responsibilities within their careers.
The Foundation’s efforts extend beyond immediate job placement; it actively identifies and cultivates opportunities to equip South Carolina workers with the necessary skills to thrive in new and existing industries. By harnessing private resources, the Foundation enhances the capabilities of the state's largest higher education system, driving innovation that supports both today's workforce and the workforce of tomorrow. Thus, the Foundation's impact is profound, fostering educational excellence and economic development across South Carolina.
This information is meant to be a general summary of South Carolina Technical College System Foundation. 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: $12,232
- Gross Receipts: $120,010
Assets and Liabilities:
- Total Assets: $615,373
- Total Liabilities: $0
- Net Assets: $615,373
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Organization Details
Founding Year
1965
Phone
(803) 896-5320Principal Officer
Charles Sox
Main Address
111 EXECUTIVE CENTER DRIVE, COLUMBIA, SC, 29210
Website
www.sctechsystem.comNTEE Category
Code: B30J - Education
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