Overview
What is Spartanburg Community College Foundation Inc?
Spartanburg Community College Foundation Inc is a nonprofit organization situated in Spartanburg, South Carolina. Its primary mission is to support Spartanburg Community College by providing necessary facilities in Cherokee County, Spartanburg County, and Union County. To accomplish this objective, the foundation develops and administers programs, accepting donations, gifts, or purchases of property. These resources are then managed, invested, and utilized for scientific, educational, and charitable purposes to promote the college's mission of achieving educational excellence that contributes to a thriving local economy. The foundation's activities contribute to the college's growth and development, providing additional resources to further its mission.
Official website here: www.sccfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Stars)
Spartanburg Community College Foundation Inc has received a solid Three-Star rating from Charity Navigator, reflecting an overall score of 88%. This rating emphasizes the foundation's strong accountability and finance practices. The organization has achieved a perfect score for having a majority of independent board members and has shown no material diversion of assets, indicating a commitment to transparency and sound governance.
While the foundation excels in several areas, including financial oversight and a low liabilities to assets ratio, it has notable gaps in its policies. Specifically, it lacks a whistleblower policy, document retention and destruction policy, and has not posted its tax form on its website. These omissions could raise concerns regarding compliance and transparency, which are important for donor confidence.
Overall, Spartanburg Community College Foundation Inc demonstrates strong financial health and governance structures, but addressing its policy deficiencies could enhance its accountability and further improve its rating.
This AI summary has been generated from information found on Charity Navigator.
Is Spartanburg Community College Foundation Inc legitimate?
Spartanburg Community College Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Spartanburg 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.sccfoundation.org
What is the mission statement of Spartanburg Community College Foundation Inc?
The Spartanburg Community College Foundation Inc's mission is centered around developing and managing programs for the advancement of Spartanburg Community College. They achieve this by receiving, holding, and utilizing property through bequest, gift, or purchase for scientific, educational, and charitable purposes. The Foundation's primary goal is to provide support to Spartanburg Community College, aiding in their mission of educational excellence that contributes to a thriving local economy. They accomplish this by providing facilities in various counties to further the college's objectives.
Official website here: www.sccfoundation.org
Who is the CEO of Spartanburg Community College Foundation Inc?
John Jaraczewski is the Nonvoting Bo of Spartanburg Community College Foundation Inc.
Official website here: www.sccfoundation.org
What is the revenue of Spartanburg Community College Foundation Inc?
Spartanburg Community College Foundation Inc's revenue in 2022 was $802,893.
Official website here: www.sccfoundation.org
Who are the executives of Spartanburg Community College Foundation Inc and what are their salaries?
There 22 volunteers at Spartanburg Community College Foundation Inc.
Here are 24 key members and their salaries:
- Compensation: $40,042
- Related: $171,065
- Other: $12,189
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- Other: $6,986
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- Related: $46,219
- Other: $5,036
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Official website here: www.sccfoundation.org
Where can I find the form 990 for Spartanburg Community College Foundation Inc?
Spartanburg Community College Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sccfoundation.org
Learn more at the official website: www.sccfoundation.org
Mission Statement of Spartanburg Community College Foundation Inc
The Spartanburg Community College Foundation Inc is committed to a mission that involves developing and managing programs exclusively for the purpose of acquiring and maintaining property through bequests, gifts, or purchases. This property is then invested and utilized for scientific, educational, and charitable purposes, all aimed at advancing Spartanburg Community College. By providing these resources, the foundation plays a crucial role in supporting the college's mission of achieving educational excellence, which in turn contributes to a thriving local economy. The foundation's actions ultimately contribute to the overall advancement and progress of Spartanburg Community College.
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Impact
July, 2024
Spartanburg Community College Foundation Inc's impact is significant in supporting Spartanburg Community College's mission of achieving educational excellence that contributes to a vibrant local economy. By providing facilities in Cherokee County, Spartanburg County, and Union County, the foundation plays a vital role in enhancing access to educational opportunities for individuals in the region. Through its focus on scientific, educational, and charitable purposes, the foundation helps advance the educational goals of Spartanburg Community College, ultimately benefiting the community by fostering a skilled workforce and promoting economic development.
This information is meant to be a general summary of Spartanburg 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: $82,853
- Program Service Revenue: $200,440
- Gross Receipts: $939,972
Assets and Liabilities:
- Total Assets: $11,170,876
- Total Liabilities: $580,874
- Net Assets: $10,590,002
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INC-CHEROKEE CAMPUS
Revenue
$200,440
Organization Details
Founding Year
1983
Phone
(864) 592-4624Principal Officer
John Jaraczewski
Main Address
PO BOX 4386- STUDENT SERV- RM 209, SPARTANBURG, SC, 293054386
Website
www.sccfoundation.orgNTEE Category
Code: B19 - Education
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