Overview
What is Polk State College Foundation Inc?
Polk State College Foundation Inc is a nonprofit organization based in Winter Haven, Florida. Its primary mission is to support Polk State College by providing resources for its advancement. The foundation accomplishes this primarily through scholarship awards, assisting over 1,000 students annually with more than $1 million in scholarships. Scholarships are donor-directed and cater to various student populations, such as first-generation students, allied health, public safety, athletes, and arts students. The foundation also has an elementary scholarship program, awarding at least one graduate from each Polk County elementary school upon high school graduation. Additionally, the foundation manages an endowed teaching chair program to honor distinguished faculty and contributes to the college through donations for facilities, equipment, programs, and technology. The foundation's board of directors, composed of community leaders, ensures that donations are wisely managed for maximum student benefit. (117 words)
Official website here: www.polk.edu/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star rating)
Polk State College Foundation Inc has achieved an impressive 97% score, reflecting a high level of accountability and financial management. The organization is recognized for its commitment to transparency, with all board members being independent and a strong emphasis on ethical governance practices. Their policies, including conflict of interest and whistleblower protections, are well-documented, which further reinforces their integrity.
The foundation's financial health is evidenced by its low liabilities to assets ratio of 1.85%, indicating good financial stability. Additionally, they allocate a significant portion of their funds—over 75%—to program expenses, demonstrating a strong focus on fulfilling their mission and delivering services effectively.
Overall, the foundation's operational strengths highlight a robust governance structure and a dedication to transparency and accountability. There are no significant limitations noted in the available data, suggesting a well-run organization poised to make a positive impact in their community.
This AI summary has been generated from information found on Charity Navigator.
Is Polk State College Foundation Inc legitimate?
Polk State College Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Polk State 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.polk.edu/foundation
What is the mission statement of Polk State College Foundation Inc?
The Polk State College Foundation's mission is to support Polk State College in its commitment to affordable higher education. This is achieved by providing resources, with scholarships being a primary focus. The Foundation, governed by a board of community leaders and a skilled management team, ensures that donations are utilized effectively to significantly impact the lives of Polk State students. Some students require assistance with the majority of their tuition, while others need help covering the cost of books to attend classes. The Foundation's activities contribute to making higher education more accessible for a diverse student body.
Official website here: www.polk.edu/foundation
Who is the CEO of Polk State College Foundation Inc?
Jeff Baldwin is the Chair of Polk State College Foundation Inc.
Official website here: www.polk.edu/foundation
What is the revenue of Polk State College Foundation Inc?
Polk State College Foundation Inc's revenue in 2021 was $4,298,345.
Official website here: www.polk.edu/foundation
Who are the executives of Polk State College Foundation Inc and what are their salaries?
There 45 volunteers at Polk State College Foundation Inc.
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Official website here: www.polk.edu/foundation
Where can I find the form 990 for Polk State College Foundation Inc?
Polk State College Foundation Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.polk.edu/foundation
Learn more at the official website: www.polk.edu/foundation
Mission Statement of Polk State College Foundation Inc
Polk State College Foundation Inc is dedicated to supporting Polk State College in its mission to provide accessible and affordable higher education to the community. The foundation accomplishes this primarily through scholarships, which remain its top fundraising priority. Governed by a board of community leaders and a strong management team, the foundation ensures that donations are wisely managed and utilized to maximize their impact on the students. Gifts at all levels are appreciated, and they can make a significant difference in the lives of Polk State students. Some students require financial aid to cover the majority of their tuition, while others merely need assistance with the cost of textbooks to afford taking a class at Polk State.
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Impact
July, 2024
Polk State College Foundation Inc has a significant impact on the Polk State College community by providing over $1 million in scholarships annually to more than 1,000 students. These scholarships support a wide range of students, including first-generation, allied health, public safety, athletics, the arts, and more. Additionally, the Foundation's elementary scholarship program ensures that at least one graduate from every elementary school in Polk County receives a scholarship to attend Polk State upon high school graduation.
Furthermore, the Foundation plays a crucial role in enhancing Polk State College through the support of facilities, equipment, programs, and technology, thanks to generous donor contributions. By working closely with the college, the Foundation helps fulfill the institution's commitment to providing access and affordability to higher education in the community.
Overall, Polk State College Foundation Inc's dedication to providing scholarships and resources not only lifts up individual students but also strengthens the college as a whole, ensuring that students have the support they need to succeed in their academic pursuits.
This information is meant to be a general summary of Polk State 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 2021.
- Investment Income: $3,138,022
- Gross Receipts: $11,203,092
Assets and Liabilities:
- Total Assets: $44,521,399
- Total Liabilities: $565,481
- Net Assets: $43,955,918
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Organization Details
Founding Year
1976
Phone
(863) 292-3749Principal Officer
Jeff Baldwin
Main Address
999 AVENUE H NE, WINTER HAVEN, FL, 33881
Website
www.polk.edu/foundationNTEE Category
Code: B11 - Education
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