Catawba Valley Community College Foundation Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 581598131 ✦ Hickory, NC ✦ Designated as a 501(c)(3)

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Overview

What is Catawba Valley Community College Foundation Inc?

Catawba Valley Community College Foundation Inc is a dedicated nonprofit organization based in Hickory, North Carolina. Its primary mission is to foster and promote the growth and development of Catawba Valley Community College. To achieve this, the foundation offers a platform for individuals and organizations to invest in or participate in the college's advancement. One of its key activities is providing scholarships and grants to various students and educational programs within the college, thereby contributing to the overall welfare and progress of the institution.

What are the reviews and ratings of this charity?

Charity Navigator Rating 82%

Catawba Valley Community College Foundation Inc has earned a Three-Star out of Four Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. This score is particularly significant as it is based entirely on their Accountability & Finance metrics, showcasing a strong commitment to financial health and transparency.

The foundation boasts an impressive accountability framework with a fully independent board and no material diversion of assets. They have demonstrated high levels of financial responsibility, evidenced by their substantial program expense ratio of 93.41%, ensuring that a significant portion of their resources directly supports their mission. Additionally, their working capital ratio indicates a healthy financial cushion for future operations.

However, while the foundation performs well in financial metrics, the absence of broader performance indicators might limit a comprehensive understanding of its overall impact. Despite this, the strong accountability practices suggest a trustworthy organization committed to its financial obligations and community support.


This AI summary has been generated from information found on Charity Navigator.

Is Catawba Valley Community College Foundation Inc legitimate?

Catawba Valley Community College Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Catawba Valley 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

What is the mission statement of Catawba Valley Community College Foundation Inc?

The Catawba Valley Community College Foundation Inc's mission is centered around fostering and promoting the growth, progress, and general welfare of Catawba Valley Community College. This is achieved by providing a platform for individuals and organizations to invest or participate in the college's development. The foundation also plays a significant role in providing scholarships and grants to various students and educational programs within the college, thereby contributing to its overall development.

Who is the CEO of Catawba Valley Community College Foundation Inc?

Kelly Farr is the Director of Catawba Valley Community College Foundation Inc.

What is the revenue of Catawba Valley Community College Foundation Inc?

Catawba Valley Community College Foundation Inc's revenue in 2023 was $2,114,680.

Who are the executives of Catawba Valley Community College Foundation Inc and what are their salaries?


Here are 15 key members and their salaries:


Kimberly George (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Tarlton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Maurice Capps (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Garrett Hinshaw (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Underdown (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Bray (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Don Coleman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Teeter (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patrick Laney (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Diane Little (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Bronnenburg (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary B Wilson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kelly Farr (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robin Nicholson (Vice-Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jennifer Jones (Sec./Treasurer, Exec. Dire)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Catawba Valley Community College Foundation Inc?

Catawba Valley Community College Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Catawba Valley Community College Foundation Inc

Catawba Valley Community College Foundation Inc, as a philanthropic organization, is dedicated to fostering and promoting the growth, progress, and general welfare of Catawba Valley Community College. It serves as a platform, enabling both individuals and organizations to invest and participate in the development of this educational institution. The foundation's mission is multifaceted, focusing on providing scholarships and grants to various students and educational programs at Catawba Valley Community College. By doing so, it contributes significantly to the college's overall development and progress, thereby enhancing the opportunities and prospects for its students.

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Impact




July, 2024

Catawba Valley Community College Foundation Inc's impact is significant in fostering and promoting the growth, progress, and general welfare of Catawba Valley Community College. Through scholarships and grants provided to various students and educational programs, the Foundation plays a crucial role in supporting the academic endeavors of individuals within the community. By offering a platform for investment and participation in the development of the college, the Foundation facilitates a brighter future for students and contributes to the educational advancement of the region.




This information is meant to be a general summary of Catawba Valley 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.

Revenue
$2,114,680 (2023)
Expenses
$448,979 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $229,645
  • Gross Receipts: $6,453,319

Assets and Liabilities:

  • Total Assets: $9,546,164
  • Total Liabilities: $0
  • Net Assets: $9,546,164

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Organization Details

Founding Year

1984

Principal Officer

Kelly Farr

Main Address

2550 HIGHWAY 70 SE, HICKORY, NC, 286028302

NTEE Category

Code: B84 - Education

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