Overview
What is Gwinnett Tech Foundation Inc?
Gwinnett Tech Foundation Inc is a nonprofit organization located at 5150 SUGARLOAF PARKWAY, LAWRENCEVILLE, GA 30043. Its primary mission is to bolster the financial resources for Gwinnett Technical College, a two-year technical school in Georgia, which has campuses in Lawrenceville and Alpharetta. The foundation aims to help the college achieve its objectives by providing additional funds through scholarships and other financial support. Its purpose is to aid and assist Gwinnett Technical College and its students in their educational journey, offering over 140 programs of study to over 12,000 enrolled students.
Official website here: www.gwinnetttech.edu/foundation/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%, Four-Star out of Four Star Rating
The Gwinnett Tech Foundation Inc has achieved an impressive 100% score on Charity Navigator, reflecting its strong performance in accountability and finance. The foundation has a fully independent board, which is vital for governance, and it has scored perfectly in several key areas, ensuring that it operates transparently and responsibly. This high rating indicates that donors can trust the organization to manage its funds effectively.
The foundation's financial health is evident with a program expense ratio of 87.07%, which suggests that the majority of its resources are directed towards its programs rather than administrative costs. Additionally, it has demonstrated an excellent liabilities to assets ratio of 2.77%, indicating sound financial stability. These metrics contribute to a positive outlook for the foundation’s ability to fulfill its mission.
While the foundation has received top ratings for its operational practices and fiscal responsibility, the summary does not provide specific insights into the impact of its programs or services. This could be a consideration for potential donors who are interested in understanding the outcomes associated with their contributions. Overall, the Gwinnett Tech Foundation Inc stands out for its governance and financial integrity, making it a worthy candidate for support.
This AI summary has been generated from information found on Charity Navigator.
Is Gwinnett Tech Foundation Inc legitimate?
Gwinnett Tech Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gwinnett Tech 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:
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Official website here: www.gwinnetttech.edu/foundation/
What is the mission statement of Gwinnett Tech Foundation Inc?
The Gwinnett Tech Foundation's mission is primarily focused on aiding and supporting Gwinnett Technical College and its students. It exists with the sole purpose of providing financial assistance, such as scholarships, to help the college and its students succeed. The foundation's objective is to generate and provide additional funds for the support of the students, programs, and services of Gwinnett Technical College. This aim is to assist the college in achieving its stated goals and objectives. Gwinnett Technical College is a two-year technical school within the Technical College System of Georgia, offering over 140 programs of study for over 12,000 enrolled students at its campuses in Lawrenceville and Alpharetta, Georgia.
Official website here: www.gwinnetttech.edu/foundation/
Who is the CEO of Gwinnett Tech Foundation Inc?
Herb Hoffman is the Trustee, Chair of Gwinnett Tech Foundation Inc.
Official website here: www.gwinnetttech.edu/foundation/
What is the revenue of Gwinnett Tech Foundation Inc?
Gwinnett Tech Foundation Inc's revenue in 2022 was $1,285,879.
Official website here: www.gwinnetttech.edu/foundation/
Who are the executives of Gwinnett Tech Foundation Inc and what are their salaries?
There 15 volunteers at Gwinnett Tech Foundation Inc.
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Official website here: www.gwinnetttech.edu/foundation/
Where can I find the form 990 for Gwinnett Tech Foundation Inc?
Gwinnett Tech Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.gwinnetttech.edu/foundation/
Learn more at the official website: www.gwinnetttech.edu/foundation/
Mission Statement of Gwinnett Tech Foundation Inc
Gwinnett Tech Foundation, a dedicated organization, exists solely to aid and support Gwinnett Technical College. Its mission is centered around providing financial assistance, primarily in the form of scholarships, to the students and programs of this two-year technical school. This support is crucial in helping Gwinnett Technical College achieve its objectives and goals, ultimately contributing to the success of its enrolled student population, which exceeds 12,000 individuals across its campuses in Lawrenceville and Alpharetta, Georgia. The foundation's exempt purpose is to generate additional funds to enhance the support provided to the students and services offered by Gwinnett Technical College. By doing so, the foundation plays a vital role in the college's mission to offer over 140 programs of study, thereby fostering the growth and development of its students.
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Impact
July, 2024
Gwinnett Tech Foundation Inc's impact is centered around aiding and supporting Gwinnett Technical College in achieving its goals and objectives. By generating and providing additional funds for student support, programs, and services, the foundation plays a crucial role in helping the college succeed. Gwinnett Technical College, with campuses in Lawrenceville and Alpharetta, Georgia, offers a wide range of educational programs to over 12,000 enrolled students. Through philanthropy and scholarships, the foundation contributes significantly to the success of the college and its students.
This information is meant to be a general summary of Gwinnett Tech 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: $284,950
- Gross Receipts: $1,285,879
Assets and Liabilities:
- Total Assets: $8,861,749
- Total Liabilities: $289,811
- Net Assets: $8,571,938
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Organization Details
Founding Year
1994
Phone
(678) 226-6425Principal Officer
Herb Hoffman
Main Address
5150 SUGARLOAF PARKWAY, LAWRENCEVILLE, GA, 30043
NTEE Category
Code: T30 - Philanthropy
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