Overview
What is Horry-Georgetown Technical College Foundation Inc?
Horry-Georgetown Technical College Foundation Inc is a nonprofit organization based in Conway, South Carolina. Established with a primary goal, this entity primarily aims to collect and distribute funds for the betterment of Horry-Georgetown Technical College, situated in Myrtle Beach, South Carolina. With a team of five dedicated individuals, the Foundation serves as a crucial source of support for the college, ensuring its continued growth and development. By accepting donations, this organization plays a significant role in fostering the educational environment of the college, ultimately benefiting the community it serves.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Star rating)
Horry-Georgetown Technical College Foundation Inc has achieved an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial management. The overall score reflects a perfect accountability and finance score, emphasizing the organization's strong commitment to maintaining transparency and adhering to best practices in governance.
The foundation demonstrates exceptional governance with a board comprising entirely independent members, and it has established robust policies related to conflicts of interest, whistleblower protections, and document retention. Its financial metrics are equally commendable, with a program expense ratio of 92.68%, showcasing efficient allocation of funds towards its mission.
One notable strength is the foundation's fundraising efficiency, where it only spends $0.08 to raise a dollar, indicating effective fundraising strategies. With a working capital ratio of 6.60 years, the organization is positioned to sustain its activities and respond to future challenges. Overall, the foundation reflects a strong operational framework with minimal risks related to asset diversion or conflicts of interest.
This AI summary has been generated from information found on Charity Navigator.
Is Horry-Georgetown Technical College Foundation Inc legitimate?
Horry-Georgetown Technical College Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Horry-Georgetown Technical 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: $341,342
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Horry-Georgetown Technical College Foundation Inc?
The Horry-Georgetown Technical College Foundation Inc is established with the primary objective of collecting donations, aiming to reinforce the Horry-Georgetown Technical College. The foundation's mission is centered around this purpose, aiming to bolster the college's resources and capabilities through financial support. The organization's activities are focused on accepting and subsequently disbursing funds to support the college's operations. While the foundation does not directly provide educational services or conduct research, it plays a crucial role in enabling the college to fulfill its mission by providing essential financial resources.
Who is the CEO of Horry-Georgetown Technical College Foundation Inc?
Dick Tinsley is the Treasurer of Horry-Georgetown Technical College Foundation Inc.
What is the revenue of Horry-Georgetown Technical College Foundation Inc?
Horry-Georgetown Technical College Foundation Inc's revenue in 2023 was $2,154,606.
Who are the executives of Horry-Georgetown Technical College Foundation Inc and what are their salaries?
The average compensation at Horry-Georgetown Technical College Foundation Inc during 2023 was $68,268. There are 5 employees at Horry-Georgetown Technical College Foundation Inc.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Horry-Georgetown Technical College Foundation Inc?
Horry-Georgetown Technical College Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Horry-Georgetown Technical College Foundation Inc
Horry-Georgetown Technical College Foundation Inc is a nonprofit organization established with a specific mission. Its primary purpose is to collect donations, aiming to bolster the support of Horry-Georgetown Technical College, a renowned educational institution located elsewhere. The Foundation serves as a bridge between those who wish to contribute to the college's growth and development and the college itself. By accepting and disbursing funds, Horry-Georgetown Technical College Foundation Inc plays a vital role in fostering the continued success of the college.
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Impact
July, 2024
Horry-Georgetown Technical College Foundation Inc's impact lies in its support of Horry-Georgetown Technical College, located in Myrtle Beach, South Carolina. Through accepting and disbursing funds, the foundation plays a crucial role in providing financial assistance for the college's programs and initiatives. By facilitating donations, the foundation helps enhance educational opportunities and resources for students, faculty, and the wider community. This support ultimately contributes to the advancement of education and workforce development in the region, aligning with the foundation's mission to bolster the educational mission of the college.
This information is meant to be a general summary of Horry-Georgetown Technical 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: $1,155,702
- Gross Receipts: $2,154,606
Assets and Liabilities:
- Total Assets: $15,384,251
- Total Liabilities: $69,569
- Net Assets: $15,314,682
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Organization Details
Founding Year
1978
Phone
(843) 477-2174Principal Officer
Dick Tinsley
Main Address
PO BOX 261966, CONWAY, SC, 295286066
NTEE Category
Code: B110 - Education
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