Overview
What is Southern Regional Technical College Foundation Inc?
The Southern Regional Technical College Foundation Inc, based in Thomasville, Georgia, is a nonprofit organization devoted to bolstering higher education opportunities for students at Southern Regional Technical College. Through undesignated funding, including endowments, the foundation supports various expenditures unavailable through state funding. This funding enhances programs and services, catering to equipment and technology needs, library purchases, student success programs, and numerous other areas of demand. The primary mission of the foundation is to foster education advancements, creating scholarships, endowments, and collaborating on capital improvements to provide the students of South Georgia with cutting-edge equipment and facilities.
Official website here: www.southernregional.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 98% (Four-Star out of Four Star Rating)
The Southern Regional Technical College Foundation Inc. has received an impressive Four-Star rating from Charity Navigator, indicating a high level of financial health and accountability. With an Accountability & Finance Score of 96 and a perfect Impact & Measurement Score of 100, the organization demonstrates strong management practices and a commitment to its mission. A notable 89.36% of its expenses are allocated to programs, which reflects a dedication to directly supporting its initiatives.
The foundation's governance structure is robust, with a fully independent board of 11 members, ensuring impartiality and oversight. Their financial management is further validated by a perfect score from their Audit and Oversight Committee. Comprehensive policies, such as conflict of interest and whistleblower protections, are in place, underscoring their commitment to ethical operations.
While the foundation shows excellent results in financial management and impact measurement, one area to continue monitoring is its liabilities to assets ratio, which stands at 22.68%. Nonetheless, the foundation's impact statement highlights that a scholarship recipient can experience an income increase of $3,302 from a $1,685 investment, illustrating the tangible benefits of their work in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Southern Regional Technical College Foundation Inc legitimate?
Southern Regional Technical College Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southern Regional 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.
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Official website here: www.southernregional.edu
What is the mission statement of Southern Regional Technical College Foundation Inc?
The Southern Regional Technical College Foundation Inc is a non-profit organization dedicated to advocating for higher education and broadening educational prospects for students at Southern Regional Technical College. Their mission involves establishing scholarships and endowments, aiding in the financing of infrastructure developments, and promoting programs that equip students in South Georgia with advanced equipment and facilities. By doing so, the foundation aims to contribute to the provision of state-of-the-art educational resources for these students.
Official website here: www.southernregional.edu
Who is the CEO of Southern Regional Technical College Foundation Inc?
Amy Maison is the Trustee of Southern Regional Technical College Foundation Inc.
Official website here: www.southernregional.edu
What is the revenue of Southern Regional Technical College Foundation Inc?
Southern Regional Technical College Foundation Inc's revenue in 2022 was $720,284.
Official website here: www.southernregional.edu
Who are the executives of Southern Regional Technical College Foundation Inc and what are their salaries?
Here are 11 key members and their salaries:
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Official website here: www.southernregional.edu
Where can I find the form 990 for Southern Regional Technical College Foundation Inc?
Southern Regional Technical College Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.southernregional.edu
Learn more at the official website: www.southernregional.edu
Mission Statement of Southern Regional Technical College Foundation Inc
The Southern Regional Technical College Foundation Inc is a dedicated nonprofit organization with a mission to advance higher education and expand educational opportunities for the students of Southern Regional Technical College. This mission is achieved through various means, including creating scholarships and endowments. The foundation also plays a crucial role in supporting the financing of capital improvements, ensuring that the students of South Georgia have access to state-of-the-art equipment and facilities. Furthermore, the Southern Regional Technical College Foundation Inc promotes programs that aim to enhance the learning experience for its students, thereby contributing to their overall development.
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Impact
July, 2024
The impact of the Southern Regional Technical College Foundation Inc is substantial. It plays a crucial role in promoting higher education and expanding educational opportunities for the students of Southern Regional Technical College. Through undesignated funding, including endowments, the Foundation is able to support various initiatives that enhance the programs and services available to students. This funding is essential in meeting expenses that are not covered by state funding, such as equipment and technology needs, library purchases, student success programs, and other areas of need.
Overall, the Foundation's efforts contribute to the growth and development of Southern Regional Technical College, ensuring that students have access to state-of-the-art equipment and facilities. By providing scholarships, financing capital improvements, and supporting educational programs, the Foundation is making a significant impact in promoting academic success and empowering students in South Georgia.
This information is meant to be a general summary of Southern Regional 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: -$135,920
- Gross Receipts: $720,284
Assets and Liabilities:
- Total Assets: $2,625,305
- Total Liabilities: $595,461
- Net Assets: $2,029,844
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Organization Details
Founding Year
1989
Phone
(229) 225-5077Principal Officer
Amy Maison
Main Address
15689 US Hwy 19 N, Thomasville, GA, 31799
Website
www.southernregional.eduNTEE Category
Code: B110 - Education
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