Overview
What is Fayetteville Technical Community College Foundation Inc?
Fayetteville Technical Community College Foundation Inc is a nonprofit organization established in Fayetteville, North Carolina. Their primary objective is to support Fayetteville Technical Community College (FTCC) by providing scholarships, grants, and essential resources to enrich the educational experience for students. They aim to contribute to FTCC's growth and development by providing necessary capital items, demonstrating a dedication to fostering education within the community. Their activities extend beyond financial aid, as they also play a significant role in promoting and enhancing the overall student experience at FTCC.
Official website here: www.faytechcc.edu/giving
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%
Fayetteville Technical Community College Foundation Inc has achieved a remarkable Four-Star out of Four Star rating, indicating a high level of accountability and financial health. With an impressive score of 96%, the foundation demonstrates strong governance practices, including a fully independent board and a solid financial oversight structure. This rating reflects the organization’s commitment to transparency, evidenced by the absence of any material diversion of assets and well-documented policies for conflict of interest, whistleblower protections, and document retention.
The foundation excels in its financial management, achieving an outstanding program expense ratio of 88.63%. This indicates that a significant portion of its funds is allocated directly to its programs, enhancing its ability to support educational initiatives effectively. The organization also maintains a low liabilities to assets ratio of 0.11%, showcasing strong financial stability and the ability to manage its resources prudently.
However, while the foundation's performance metrics are commendable, potential donors and stakeholders should always consider the broader context of its mission and programs to ensure alignment with their values and philanthropic goals. Overall, Fayetteville Technical Community College Foundation Inc stands out as a highly regarded nonprofit, dedicated to supporting educational opportunities in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Fayetteville Technical Community College Foundation Inc legitimate?
Fayetteville Technical Community College Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fayetteville Technical 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.
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Official website here: www.faytechcc.edu/giving
What is the mission statement of Fayetteville Technical Community College Foundation Inc?
The Fayetteville Technical Community College Foundation Inc's mission is centered around providing assistance to Fayetteville Technical Community College. This support encompasses scholarships, grants, and necessary resources in the form of capital items. The primary goal is to enhance education and the overall student experience at FTCC. The foundation aims to contribute to the college's growth and development, thereby fostering a conducive learning environment for its students.
Official website here: www.faytechcc.edu/giving
Who is the CEO of Fayetteville Technical Community College Foundation Inc?
Brad Hurley is the Director of Fayetteville Technical Community College Foundation Inc.
Official website here: www.faytechcc.edu/giving
What is the revenue of Fayetteville Technical Community College Foundation Inc?
Fayetteville Technical Community College Foundation Inc's revenue in 2023 was $1,287,877.
Official website here: www.faytechcc.edu/giving
Who are the executives of Fayetteville Technical Community College Foundation Inc and what are their salaries?
There 15 volunteers at Fayetteville Technical Community College Foundation Inc.
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Official website here: www.faytechcc.edu/giving
Where can I find the form 990 for Fayetteville Technical Community College Foundation Inc?
Fayetteville Technical Community College Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.faytechcc.edu/giving
Learn more at the official website: www.faytechcc.edu/giving
Mission Statement of Fayetteville Technical Community College Foundation Inc
Fayetteville Technical Community College Foundation Inc is dedicated to supporting Fayetteville Technical Community College (FTCC) by providing scholarships, grants, and funding for capital items. This nonprofit organization's mission is to enhance the educational experience at FTCC, contributing to the college's overall success. By providing financial assistance, the Foundation aims to make higher education more accessible to students, empowering them to pursue their academic goals and ultimately, build a better future for themselves. The Foundation's activities directly impact the FTCC community, contributing to a positive and enriching learning environment.
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Impact
July, 2024
Fayetteville Technical Community College Foundation Inc's impact can be seen in its unwavering support to Fayetteville Technical Community College, enhancing educational opportunities for students. Through scholarships, grants, and contributions towards capital items, the foundation plays a crucial role in facilitating education at FTCC. By providing financial assistance and resources, the foundation helps students access higher education and enriches their overall learning experience. This support contributes significantly to the academic success and personal growth of individuals within the community.
This information is meant to be a general summary of Fayetteville Technical 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 2023.
- Investment Income: $126,854
- Gross Receipts: $1,287,877
Assets and Liabilities:
- Total Assets: $6,550,744
- Total Liabilities: $7,727
- Net Assets: $6,543,017
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Organization Details
Founding Year
1985
Phone
(910) 678-8441Principal Officer
Brad Hurley
Main Address
PO BOX 35236, FAYETTEVILLE, NC, 28303
Website
www.faytechcc.edu/givingNTEE Category
Code: B31I - Education
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