Overview
What is Technical College Of The Lowcountry Foundation Inc?
Technical College of the Lowcountry Foundation Inc is a nonprofit organization situated in Beaufort, South Carolina. Its primary mission is to foster advocacy and support for various programs and services offered by the Technical College of the Lowcountry, serving the district's community members. The foundation raises funds for student assistance, including tuition and books, assists in maintaining state-of-the-art instructional equipment, and funds special capital projects. Additionally, it engages in raising funds for special projects, such as new program development, to enhance public understanding of the college, its mission, and its value to the Lowcountry.
Official website here: www.tcl.edu/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87%, Three-Star out of Four Star Rating.
The Technical College Of The Lowcountry Foundation Inc received a commendable rating of 87%, reflecting strong performance in accountability and finance. The organization boasts a fully independent board, which is crucial for governance and decision-making. Additionally, it has established solid financial oversight practices, earning full points in areas like audit and oversight committees and conflict of interest policies.
Strengths of the foundation include its high program expense ratio of 85.61%, indicating that a significant portion of its funds is directed towards programs rather than administrative costs. The foundation has also demonstrated transparency by listing its financial statements and tax forms on its website. However, the liabilities to assets ratio of 66.93% suggests some concerns about its financial health, indicating that the organization may have a higher level of liabilities relative to its assets.
Overall, the Technical College Of The Lowcountry Foundation Inc shows a commitment to accountability and effective program management, while addressing some financial challenges that may warrant further attention.
This AI summary has been generated from information found on Charity Navigator.
Is Technical College Of The Lowcountry Foundation Inc legitimate?
Technical College Of The Lowcountry Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Technical College Of The Lowcountry 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: $40,378
For more financial information, click here
Official website here: www.tcl.edu/foundation
What is the mission statement of Technical College Of The Lowcountry Foundation Inc?
The Technical College of the Lowcountry Foundation's mission is to facilitate enduring relationships that advocate and provide support for various college programs and services. This is aimed at benefiting all constituencies within the service district. The foundation contributes to the college in various ways, such as providing financial aid for student assistance including tuition and books, aiding in maintaining state-of-the-art instructional equipment, and funding special capital projects. Furthermore, the foundation raises funds for special projects, including the development of new programs, to enhance public understanding of the college's mission and its value.
Official website here: www.tcl.edu/foundation
Who is the CEO of Technical College Of The Lowcountry Foundation Inc?
Mary Lee Carns is the Member of Technical College Of The Lowcountry Foundation Inc.
Official website here: www.tcl.edu/foundation
What is the revenue of Technical College Of The Lowcountry Foundation Inc?
Technical College Of The Lowcountry Foundation Inc's revenue in 2023 was $553,105.
Official website here: www.tcl.edu/foundation
Who are the executives of Technical College Of The Lowcountry Foundation Inc and what are their salaries?
There 19 volunteers at Technical College Of The Lowcountry Foundation Inc.
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Official website here: www.tcl.edu/foundation
Where can I find the form 990 for Technical College Of The Lowcountry Foundation Inc?
Technical College Of The Lowcountry Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.tcl.edu/foundation
Learn more at the official website: www.tcl.edu/foundation
Mission Statement of Technical College Of The Lowcountry Foundation Inc
The Technical College of the Lowcountry Foundation Inc is dedicated to fostering lasting relationships that cultivate advocacy and support for various college programs and services. Their mission is to advance the interests of all constituencies within their service district. The foundation achieves this by providing financial assistance for student needs, such as tuition and textbooks. Additionally, they aid the college in maintaining modern instructional equipment and fund special capital projects. Furthermore, the foundation raises funds for special projects, including the development of new programs, which help enhance the public's understanding of the college, its mission, and its value to the Lowcountry.
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Impact
July, 2024
The impact of the Technical College Of The Lowcountry Foundation Inc is significant in supporting the Technical College of the Lowcountry in various areas. By providing scholarships to students, the foundation enables individuals to access education and training at the college. Additionally, the foundation's fundraising efforts help in maintaining state-of-the-art instructional equipment, funding special capital projects, and supporting new program development. This support not only benefits the students directly but also promotes a better understanding of the college's mission and value to the Lowcountry community.
This information is meant to be a general summary of Technical College Of The Lowcountry 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: $19,887
- Gross Receipts: $580,073
Assets and Liabilities:
- Total Assets: $8,768,835
- Total Liabilities: $5,869,817
- Net Assets: $2,899,018
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Organization Details
Founding Year
1983
Phone
(843) 525-8294Principal Officer
Mary Lee Carns
Main Address
PO BOX 2614, BEAUFORT, SC, 29901
Website
www.tcl.edu/foundationNTEE Category
Code: B41I - Education
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