Overview
What is Atlanta Technical College Foundation Incorporated?
Atlanta Technical College Foundation Incorporated is a 501(c)(3) nonprofit organization, established in 1999, with a mission to support Atlanta Technical College and its programs. The foundation provides opportunities for hands-on training to over 4,000 students by offering needs-based and academic scholarships each quarter. It also offers immediate financial aid to cover unexpected expenses such as transportation, medical, and child care, which often hinder graduation. With a focus on resource development, relationship building, and financial management, the foundation has been instrumental in supporting Atlanta Technical College's students by providing tuition scholarships and other contributions. Currently, the organization is managed by a team of two employees.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating.
Atlanta Technical College Foundation Incorporated has earned a commendable Three-Star rating, reflecting a solid performance in accountability and finance. The charity's overall score of 79% highlights its commitment to transparency and effective management, with a high percentage of independent board members and a favorable liabilities to assets ratio.
The foundation demonstrates strong governance practices, including a comprehensive conflict of interest policy and whistleblower protection, both of which contribute to its integrity. Additionally, a remarkable program expense ratio of 93.09% indicates that most funds are directed towards its mission rather than administrative expenses, enhancing its effectiveness in supporting educational initiatives.
While the organization showcases various strengths, the rating does not indicate any significant limitations. The absence of material diversion of assets further underscores its reliability as a nonprofit, making it a trustworthy entity for potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Atlanta Technical College Foundation Incorporated legitimate?
Atlanta Technical College Foundation Incorporated is a legitimate nonprofit organization registered as a 501(c)(3) entity. Atlanta Technical College Foundation Incorporated 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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Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Atlanta Technical College Foundation Incorporated?
The Atlanta Technical College Foundation Incorporated, established in 1999, is dedicated to supporting Atlanta Technical College and its programs and activities. Its primary objective is to gather, preserve, invest, and manage funds exclusively for the benefit of the college. The foundation has focused on three major goals: resource development, relationship building, and financial management of resources.
One of its key missions is to aid Atlanta Technical College students financially. It provides tuition scholarships and other contributions to assist students with their educational expenses. Additionally, the foundation offers needs-based and academic-based scholarships every quarter, helping students overcome financial barriers that could hinder their graduation. Furthermore, the foundation provides immediate funding to students for unexpected expenses beyond their financial aid, such as transportation, medical, and child care costs.
Who is the CEO of Atlanta Technical College Foundation Incorporated?
Shannon Georgecink is the Executive Director of Atlanta Technical College Foundation Incorporated.
What is the revenue of Atlanta Technical College Foundation Incorporated?
Atlanta Technical College Foundation Incorporated's revenue in 2022 was $1,802,664.
Who are the executives of Atlanta Technical College Foundation Incorporated and what are their salaries?
There are 2 employees and 13 volunteers at Atlanta Technical College Foundation Incorporated.
Here are 15 key members and their salaries:
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- Other: $32,520
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Where can I find the form 990 for Atlanta Technical College Foundation Incorporated?
Atlanta Technical College Foundation Incorporated's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Atlanta Technical College Foundation Incorporated
Atlanta Technical College Foundation Incorporated, a 501(c)(3) non-profit organization, was established in 1999 with the mission to support Atlanta Technical College and its programs and activities. Their primary objective is to acquire, retain, invest, and manage funds exclusively for the benefit of Atlanta Technical College. The foundation's mission is to provide financial assistance to students attending Atlanta Technical College, with a focus on offering tuition scholarships and various contributions.
In practice, the Atlanta Technical College Foundation has been instrumental in providing hands-on training opportunities for students, catering to a student body of over 4,000 individuals. The foundation also offers needs-based and academic-based scholarships to students each quarter, supplementing expenses related to their attendance at the college. Moreover, the foundation provides immediate funding to meet unexpected and unusual expenses that students may encounter beyond their ordinary educational expenses, such as transportation, medical, and childcare costs. These expenses often serve as barriers to graduation, and the Atlanta Technical College Foundation's financial assistance helps to alleviate these challenges, ultimately contributing to the success of its students.
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Impact
July, 2024
Atlanta Technical College Foundation Incorporated has made a significant impact by providing hands-on training opportunities to over 4000 students. The foundation offers needs-based and academic-based scholarships each quarter to help students with expenses related to their attendance at Atlanta Technical College. Additionally, the foundation provides immediate funding to students to address unexpected expenses that could otherwise hinder their graduation, such as transportation, medical costs, and child care. By offering this support, the foundation plays a crucial role in helping students overcome barriers to their education and ultimately achieve their academic goals.
This information is meant to be a general summary of Atlanta Technical College Foundation Incorporated. 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: $89,094
- Gross Receipts: $1,849,095
Assets and Liabilities:
- Total Assets: $7,064,246
- Total Liabilities: $1,121,673
- Net Assets: $5,942,573
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Organization Details
Founding Year
2000
Phone
(404) 225-4648Principal Officer
Shannon Georgecink
Main Address
1560 METROPOLITAN PARKWAY, ATLANTA, GA, 30310
NTEE Category
Code: T30 - Philanthropy
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