Overview
What is Central Georgia Technical College Foundation Inc?
Central Georgia Technical College Foundation Inc is a nonprofit organization situated in Macon, Georgia. Its primary mission is to support and advance adult vocational education through various means as needed. This support encompasses private funding for capital expansion and improvements, procurement of essential equipment, staff and faculty development, and the provision of scholarships and endowments. By doing so, the foundation aims to contribute to the growth and betterment of the educational institution and the individuals it serves.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating.
The Central Georgia Technical College Foundation Inc has earned a Three-Star rating from Charity Navigator, with an overall score of 79%. This score reflects a strong emphasis on Accountability and Finance, indicating that the organization effectively manages its resources and adheres to financial best practices. The foundation demonstrates a commitment to transparency and governance, evidenced by its high percentage of independent board members and the presence of essential policies such as conflict of interest and whistleblower protections.
Strengths of the organization include a solid program expense ratio of 90.26%, which suggests that a significant portion of its funds is directed toward its programs and services. Additionally, the foundation has no recorded material diversion of assets and maintains a favorable liabilities to assets ratio of 49.64%. These aspects highlight the organization's financial stability and commitment to its mission.
While the organization performs well in various metrics, the single beacon score approach may limit a comprehensive understanding of its overall performance. Despite some limitations in the rating methodology, the foundation's strong governance practices and financial accountability are commendable and provide confidence to potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Central Georgia Technical College Foundation Inc legitimate?
Central Georgia Technical College Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Central 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.
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What is the mission statement of Central Georgia Technical College Foundation Inc?
The Central Georgia Technical College Foundation Inc's mission is to provide private funding for various initiatives aimed at enhancing the institution. This includes capital expansion and improvements, purchasing necessary equipment, supporting staff and faculty development, offering scholarships, and establishing endowments. The primary goal of the foundation is to support adult vocational education activities as the need arises. It serves as a vital resource for the college, contributing to its growth and the success of its students.
Who is the CEO of Central Georgia Technical College Foundation Inc?
Tonya Mcclure is the Trustee of Central Georgia Technical College Foundation Inc.
What is the revenue of Central Georgia Technical College Foundation Inc?
Central Georgia Technical College Foundation Inc's revenue in 2022 was $1,671,004.
Who are the executives of Central Georgia Technical College Foundation Inc and what are their salaries?
There 23 volunteers at Central Georgia Technical College Foundation Inc.
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Where can I find the form 990 for Central Georgia Technical College Foundation Inc?
Central Georgia Technical College Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Central Georgia Technical College Foundation Inc
Central Georgia Technical College Foundation Inc is dedicated to providing private funding for various enhancements and developments within the technical college. This encompasses capital expansions and improvements, the acquisition of necessary equipment, staff and faculty development, scholarships, and endowments. By undertaking these initiatives, the foundation aims to support the adult vocational education activities of the college as required. In essence, Central Georgia Technical College Foundation Inc serves as a vital source of private funding, contributing to the college's capacity to offer better educational opportunities and resources for its students.
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Impact
July, 2024
Central Georgia Technical College Foundation Inc's impact can be seen in its support for adult vocational education activities through providing private funding for capital expansion, improvements, equipment, staff and faculty development, scholarships, and endowments. By fulfilling this mission, the foundation contributes to the enhancement of educational opportunities for individuals seeking to advance their skills and careers in Macon, GA. Through its focus on education, the foundation plays a crucial role in fostering workforce development and economic growth in the region.
This information is meant to be a general summary of Central 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: $90,340
- Gross Receipts: $1,698,372
Assets and Liabilities:
- Total Assets: $4,891,610
- Total Liabilities: $2,460,261
- Net Assets: $2,431,349
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Organization Details
Founding Year
1991
Phone
(478) 757-3503Principal Officer
Tonya Mcclure
Main Address
3300 MACON TECH DRIVE, MACON, GA, 31206
NTEE Category
Code: B42 - Education
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