Overview
What is West Georgia Technical College Foundation Inc?
West Georgia Technical College Foundation Inc, situated in Waco, Georgia, serves as a supportive entity for West Georgia Technical College. Its primary mission is to boost financial assistance and resources for the college, contributing to its mission and workforce development initiatives. The foundation plays a vital role in enhancing the lives of students by providing funds for adult education programs, medical courses, scholarships, recruitment, campus marketing, and improvements. With a small team of two dedicated individuals, the West Georgia Technical College Foundation Inc is committed to empowering students and strengthening the educational community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Stars)
West Georgia Technical College Foundation Inc has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and transparency in its operations. The organization has achieved a significant score of 79% in its overall evaluation, reflecting a well-managed foundation that adheres to financial accountability standards.
The foundation demonstrates strong governance with 100% of its board members being independent, ensuring no conflicts of interest. Additionally, the organization has a comprehensive set of policies in place, including conflict of interest, whistleblower protections, and document retention, which contribute to its solid governance practices. The foundation's program expense ratio of 69.72% suggests that a substantial portion of its expenditures directly supports its mission and programs.
However, while the overall financial health appears stable, the liabilities to assets ratio of 37.68% indicates a moderate level of leverage that could be a point of concern for some donors. Nonetheless, the absence of material diversion of assets and strong financial practices, as noted in the evaluation, are positive indicators of the foundation's commitment to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is West Georgia Technical College Foundation Inc legitimate?
West Georgia Technical College Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. West Georgia 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of West Georgia Technical College Foundation Inc?
The West Georgia Technical College Foundation's mission is centered around enhancing financial support and resources for West Georgia Technical College. This includes aiding in the achievement of the college's mission. Additionally, the foundation provides resources that contribute to workforce development, ultimately assisting students in improving their lives. The foundation has funded various programs, including adult education, medical programs, scholarships, student recruitment, campus marketing, and improvements.
Who is the CEO of West Georgia Technical College Foundation Inc?
Latesa Bailey is the Vice President of West Georgia Technical College Foundation Inc.
What is the revenue of West Georgia Technical College Foundation Inc?
West Georgia Technical College Foundation Inc's revenue in 2022 was $1,470,452.
Who are the executives of West Georgia Technical College Foundation Inc and what are their salaries?
There are 2 employees and 12 volunteers at West Georgia Technical College Foundation Inc.
Here are 13 key members and their salaries:
- Compensation: $42,659
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- Other: $16,579
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Where can I find the form 990 for West Georgia Technical College Foundation Inc?
West Georgia Technical College Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of West Georgia Technical College Foundation Inc
West Georgia Technical College Foundation's mission is centered around enhancing the financial support and resources available for West Georgia Technical College. The primary objective is to aid the college in achieving its mission and furthering workforce development. Additionally, the foundation is dedicated to providing resources that help students improve their lives. Through its efforts, the foundation has funded various programs, such as adult education, medical programs, scholarships for students, recruitment initiatives, marketing campaigns, and campus improvements. By doing so, West Georgia Technical College Foundation plays a crucial role in supporting the college and its students, ultimately contributing to their overall success.
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Impact
July, 2024
West Georgia Technical College Foundation Inc plays a crucial role in enhancing the educational experience and opportunities for students at West Georgia Technical College. Through its support, the foundation helps to increase financial aid, resources, and additional support for the college, contributing to the success of its students. The foundation's funding goes towards adult education programs, medical programs, student scholarships, student recruitment, campus marketing, and improvements, all of which are essential for the growth and development of the institution and its students. Overall, the foundation's impact can be seen in the tangible benefits it provides to the college community and the broader workforce development efforts in the region.
This information is meant to be a general summary of West Georgia 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 2022.
- Investment Income: $314
- Program Service Revenue: $705,300
- Gross Receipts: $1,554,139
Assets and Liabilities:
- Total Assets: $16,750,865
- Total Liabilities: $6,648,029
- Net Assets: $10,102,836
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$705,300
Organization Details
Founding Year
1988
Phone
(770) 537-5755Principal Officer
Latesa Bailey
Main Address
PO BOX 225, WACO, GA, 30182
NTEE Category
Code: B42 - Education
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