Overview
What is Sowela Tech Community College Foundation?
Sowela Tech Community College Foundation is a charitable organization located at 3820 Senator J Bennett Johnston Avenue, Lake Charles, Louisiana. Its primary purpose is to enhance educational excellence at Sowela Technical Community College by providing various resources. These resources include scholarships for students, funding for faculty and program development, and support for capital projects. By doing so, the foundation aims to foster growth and improvement within the college, ultimately benefiting its faculty, staff, and learners.
Official website here: www.sowela.edu/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86%, Three-Star out of Four Stars
The Sowela Tech Community College Foundation has received an 86% rating from Charity Navigator, which translates to a Three-Star assessment. This score is particularly strong in terms of Accountability and Finance, indicating that the organization adheres to high standards in financial practices and governance. The foundation has achieved perfect scores in multiple areas, such as having a majority of independent board members and a robust conflict of interest policy.
The foundation's financial health is also commendable, with a program expense ratio of 98.69%, signifying that almost all expenditures are directed toward its programs. Additionally, it boasts a fundraising efficiency ratio of $0.00, which indicates that it does not incur costs in its fundraising efforts, further enhancing its financial viability. A low liabilities-to-assets ratio of 40.93% also suggests that the organization maintains a solid financial position.
While the organization presents strong accountability metrics and financial health, the overall rating solely stems from its Accountability and Finance score without additional dimensions such as impact or results. This suggests that while the foundation is well-managed financially, more information regarding its programmatic outcomes and community impact could provide a fuller picture of its effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Sowela Tech Community College Foundation legitimate?
Sowela Tech Community College Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sowela Tech Community College Foundation 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:
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Official website here: www.sowela.edu/
What is the mission statement of Sowela Tech Community College Foundation?
The Sowela Tech Community College Foundation's mission is centered around ensuring educational excellence at Sowela Technical Community College. This is achieved by providing scholarships, funding research activities, or offering designated benefits to the college's faculty, staff, and students. In essence, their goal is to enhance the educational experience and resources available at the college. The foundation accomplishes this by providing grants that support student scholarships, faculty and program needs, and capital projects.
Official website here: www.sowela.edu/
Who is the CEO of Sowela Tech Community College Foundation?
Daniel Frick is the President of Sowela Tech Community College Foundation.
Official website here: www.sowela.edu/
What is the revenue of Sowela Tech Community College Foundation?
Sowela Tech Community College Foundation's revenue in 2022 was $2,156,354.
Official website here: www.sowela.edu/
Who are the executives of Sowela Tech Community College Foundation and what are their salaries?
There 17 volunteers at Sowela Tech Community College Foundation.
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Official website here: www.sowela.edu/
Where can I find the form 990 for Sowela Tech Community College Foundation?
Sowela Tech Community College Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sowela.edu/
Learn more at the official website: www.sowela.edu/
Mission Statement of Sowela Tech Community College Foundation
The Sowela Tech Community College Foundation is committed to enhancing educational excellence at Sowela Technical Community College. This is achieved by providing various benefits, such as scholarships, research activities, and other designated resources, to the college's faculty, staff, and students. By offering these opportunities, the foundation aims to support the college in its mission to foster academic growth and success among its students. The grants provided by the foundation serve multiple purposes, including supporting student scholarships, aiding faculty and program development, and funding capital projects. This multifaceted approach allows the foundation to contribute significantly to the overall success and development of Sowela Technical Community College.
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Impact
July, 2024
The Sowela Tech Community College Foundation plays a vital role in ensuring educational excellence at Sowela Technical Community College. Through the provision of scholarships, support for faculty and programs, and contributions to capital projects, the foundation significantly enhances the learning experience for students, faculty, and staff. By offering resources that facilitate access to education and promote research activities, the foundation contributes to the overall growth and success of the college community. Ultimately, its impact is felt through the opportunities it creates and the support it provides to advance educational initiatives within the institution.
This information is meant to be a general summary of Sowela Tech Community College Foundation. 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: $45,059
- Gross Receipts: $2,162,646
Assets and Liabilities:
- Total Assets: $4,775,229
- Total Liabilities: $1,954,575
- Net Assets: $2,820,654
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Organization Details
Founding Year
1991
Phone
(337) 491-2698Principal Officer
Daniel Frick
Main Address
3820 SENATOR J BENNETT JOHNSTON AVE, LAKE CHARLES, LA, 706156829
Website
www.sowela.edu/NTEE Category
Code: B84 - Education
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