Overview
What is Trident Technical College Foundation Inc?
Trident Technical College Foundation Inc, established in 1975, is a 501(C)(3) non-profit organization situated in Charleston, South Carolina. The foundation serves as a vital fundraising entity, supporting the local economy by fostering business relationships and raising awareness for Trident Technical College's mission. One of its primary objectives is granting scholarships to eligible students, helping to offset tuition, fees, books, childcare, and transportation costs. These scholarships are based on criteria established by donors and the foundation, and are sourced from individual, business, and other foundation contributions. In addition, the foundation provides classroom equipment and materials to faculty and staff, and encourages professional development through tuition and credit course assistance. The foundation's activities are independent of the college, with a total of 145 scholarship funds under its administration as of June 30, 2023, 38 of which are permanently restricted.
Official website here: www.tridenttech.edu/supporting_ttc.htm
What are the reviews and ratings of this charity?
100% rating from Charity Navigator indicates that Trident Technical College Foundation Inc has achieved a Four-Star out of Four Star rating, reflecting its strong performance in accountability and finance. The rating emphasizes the organization's commitment to transparency and responsible financial practices, which are crucial for donor trust and sustainability.
The foundation has an exemplary governance structure, with a fully independent board and robust financial oversight mechanisms. Their fiscal management shows a high program expense ratio of 78.25%, indicating that a significant portion of their funds is directed towards fulfilling their mission. Additionally, the organization demonstrates excellent fundraising efficiency, with a cost of just $0.01 to raise a dollar.
While the foundation scores exceptionally across various accountability metrics, including policies on conflict of interest and whistleblowing, it is important to recognize that such high scores may not address qualitative aspects of their programs and community impact. Overall, Trident Technical College Foundation Inc stands out as a well-managed nonprofit with a strong focus on financial integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Trident Technical College Foundation Inc legitimate?
Trident Technical College Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Trident 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:
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For more financial information, click here
Official website here: www.tridenttech.edu/supporting_ttc.htm
What is the mission statement of Trident Technical College Foundation Inc?
The Trident Technical College Foundation, established in 1975, serves as an independent 501(c)(3) non-profit organization with a mission to advocate and raise funds for the college. This organization aims to support the local economy by fostering relationships with local businesses and increasing awareness of the college's mission. Additionally, the foundation provides scholarships to students, supports classroom equipment and materials for faculty and staff, and encourages professional development through tuition and credit course assistance for faculty members. The foundation administers various scholarship funds, which are competitive and based on criteria established by the donors and the foundation. These scholarships help offset the costs of tuition, fees, books, childcare, and transportation for eligible students.
Official website here: www.tridenttech.edu/supporting_ttc.htm
Who is the CEO of Trident Technical College Foundation Inc?
Lisa Piccolo is the Foundation Trustee of Trident Technical College Foundation Inc.
Official website here: www.tridenttech.edu/supporting_ttc.htm
What is the revenue of Trident Technical College Foundation Inc?
Trident Technical College Foundation Inc's revenue in 2023 was $2,697,473.
Official website here: www.tridenttech.edu/supporting_ttc.htm
Who are the executives of Trident Technical College Foundation Inc and what are their salaries?
There 661 volunteers at Trident Technical College Foundation Inc.
Here are 54 key members and their salaries:
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- Compensation: $13,000
- Related: $160,551
- Other: $46,308
Official website here: www.tridenttech.edu/supporting_ttc.htm
Where can I find the form 990 for Trident Technical College Foundation Inc?
Trident Technical College Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.tridenttech.edu/supporting_ttc.htm
Learn more at the official website: www.tridenttech.edu/supporting_ttc.htm
Mission Statement of Trident Technical College Foundation Inc
Trident Technical College Foundation, established in 1975, serves as an independent 501(C)(3) non-profit corporation with a mission to advocate and raise funds for the college. Its primary goal is to support the regional economy by fostering local business relationships and raising awareness of Trident Technical College's mission. In addition to financial support, the foundation provides scholarships to eligible students, contributing towards their tuition, fees, books, childcare, and transportation costs. The scholarship funds are competitively awarded based on criteria established by the donors and the foundation. The foundation also administers a total of 145 scholarship funds, with 38 of them being permanently restricted. Beyond scholarships, the foundation supports classroom equipment and materials for faculty and staff, and encourages professional development through tuition and credit course assistance.
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Impact
July, 2024
Trident Technical College Foundation Inc's impact is significant in fostering local business relationships, creating awareness of TTC's mission, and supporting the regional economy. Through raising funds for the college, the foundation provides essential support to students, faculty, and staff. Specifically, the foundation awarded 458 scholarships totaling $412,751.44 in the year ended June 30, 2023. These scholarships help students offset the costs of tuition, fees, books, childcare, and transportation. The foundation's efforts are supported by individuals, businesses, and other foundations, demonstrating a collaborative approach to investing in education and professional development.
This information is meant to be a general summary of Trident 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: $934,265
- Gross Receipts: $5,807,890
Assets and Liabilities:
- Total Assets: $17,963,466
- Total Liabilities: $158,317
- Net Assets: $17,805,149
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Organization Details
Founding Year
1975
Phone
(843) 574-6195Principal Officer
Lisa Piccolo
Main Address
PO BOX 61227, CHARLESTON, SC, 294191227
NTEE Category
Code: B11 - Education
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