Overview
What is Piedmont Technical College Founda- Tion Inc?
Piedmont Technical College Foundation Inc is a 501(c)(3) nonprofit organization based in Greenwood, South Carolina. Its primary mission is to solicit contributions to support the students, programs, and activities of Piedmont Technical College beyond the funds obtained from traditional resources. The organization achieves this goal by securing backing from alumni, friends, businesses, and industries, as well as grant-making organizations. They also generate funds through annual giving plans, gift campaigns, and special events. In addition to its financial support role, the Foundation serves as an advocate for the college and its students by communicating their needs to the community and public officials at local, state, and national levels.
Official website here: www.ptc.edu/about/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 93% (Four-Star out of Four Star rating)
Piedmont Technical College Foundation Inc has achieved an impressive 93% rating from Charity Navigator, reflecting its strong commitment to accountability and transparency. This high score indicates that the organization effectively manages its finances and adheres to best practices in governance, with 100% of its board members being independent, ensuring unbiased decision-making.
The Foundation demonstrates excellent financial health, highlighted by a low liabilities to assets ratio of 0.23%, which suggests a solid financial footing. Additionally, a program expense ratio of 67.62% shows that a significant portion of its expenditures directly supports its mission, underscoring its focus on program delivery over administrative costs.
However, while the Foundation shows robust practices and transparency, the program expense ratio could be improved slightly to enhance further the proportion of funds directed towards programs. Overall, the Foundation exemplifies strong governance and financial responsibility, making it a reliable option for donors looking to support education in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Piedmont Technical College Founda- Tion Inc legitimate?
Piedmont Technical College Founda- Tion Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Piedmont Technical College Founda- Tion 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: $52,045
For more financial information, click here
Official website here: www.ptc.edu/about/foundation
What is the mission statement of Piedmont Technical College Founda- Tion Inc?
Piedmont Technical College Foundation Inc., as a 501(c)(3) non-profit organization, aims to provide financial support beyond traditional funding sources for the college. This support is sought from alumni, friends, businesses, and industry, as well as grant-making organizations. The foundation raises funds through annual giving plans, gift campaigns, and special events. Additionally, it plays an advocacy role by communicating the needs of the college and its students to supporters in the community and to public officials at the local, state, and national levels. In essence, the foundation's mission is to bolster the college's resources and advocacy efforts to ensure the success of its students.
Official website here: www.ptc.edu/about/foundation
Who is the CEO of Piedmont Technical College Founda- Tion Inc?
Fran Wiley is the Board Member of Piedmont Technical College Founda- Tion Inc.
Official website here: www.ptc.edu/about/foundation
What is the revenue of Piedmont Technical College Founda- Tion Inc?
Piedmont Technical College Founda- Tion Inc's revenue in 2023 was $667,282.
Official website here: www.ptc.edu/about/foundation
Who are the executives of Piedmont Technical College Founda- Tion Inc and what are their salaries?
There 48 volunteers at Piedmont Technical College Founda- Tion Inc.
Here are 27 key members and their salaries:
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- Related: $120,366
- Other: $36,232
Official website here: www.ptc.edu/about/foundation
Where can I find the form 990 for Piedmont Technical College Founda- Tion Inc?
Piedmont Technical College Founda- Tion Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.ptc.edu/about/foundation
Learn more at the official website: www.ptc.edu/about/foundation
Mission Statement of Piedmont Technical College Founda- Tion Inc
Piedmont Technical College Foundation, as a 501(c)(3) non-profit corporation, plays a vital role in supporting the college beyond the resources obtained from traditional funding sources. This organization attracts support from various sectors, including alumni, friends, businesses and industry, and grant-making organizations. It raises funds through annual giving plans, gift campaigns, and special events. In addition to its financial support, the foundation also serves an advocacy role. It communicates the needs of the college and its students to supporters in the community and to public officials at the local, state, and national levels. By doing so, Piedmont Technical College Foundation contributes significantly to the college's ability to thrive and serve its students effectively.
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Impact
July, 2024
Piedmont Technical College Foundation Inc's impact is significant as it provides crucial financial support to the college beyond traditional funding sources. By attracting support from alumni, friends, businesses, industries, and grant-making organizations, the foundation plays a vital role in ensuring the success of the college, its students, programs, and activities. Through annual giving plans, gift campaigns, and special events, the foundation raises essential funds to enhance the educational experience offered by the college. Additionally, the foundation serves as an advocate by communicating the needs of the college and its students to the community, supporters, and public officials at the local, state, and national levels. This advocacy helps promote the college's mission and ensures that it receives the necessary support to continue providing quality education.
This information is meant to be a general summary of Piedmont Technical College Founda- Tion 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: -$37,973
- Gross Receipts: $5,699,621
Assets and Liabilities:
- Total Assets: $10,752,994
- Total Liabilities: $25,426
- Net Assets: $10,727,568
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Organization Details
Founding Year
1975
Phone
(864) 941-8351Principal Officer
Fran Wiley
Main Address
POST OFFICE BOX 1467, GREENWOOD, SC, 29648
Website
www.ptc.edu/about/foundationNTEE Category
Code: B31I - Education
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