Overview
What is Owensboro Community And Technical College Foundation Inc?
The Owensboro Community and Technical College Foundation Inc. is a nonprofit organization situated in Owensboro, Kentucky, at 4800 New Hartford Road. Its primary role is to support and advance the objectives of Owensboro Community and Technical College. The foundation primarily relies on contributions from individuals, businesses, and local governments for its funding. One of its key initiatives is offering scholarships to students, in addition to providing financial assistance for various programs within the college. The foundation's mission is to foster the growth and development of Owensboro Community and Technical College, contributing to the betterment of the local community.
Official website here: www.octc.kctcs.edu/giving/foundation.aspx
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Star rating)
The Owensboro Community and Technical College Foundation Inc has earned a high score of 92%, reflecting strong accountability and finance practices. This score is derived entirely from its accountability and finance metrics, indicating a robust organizational structure. Highlights include a majority of independent board members, a solid financial oversight committee, and a healthy liabilities to assets ratio of 0.00%.
The Foundation demonstrates effective management of its resources, with an impressive program expense ratio of 86.27%, suggesting that a significant portion of its funds directly supports its educational mission. This level of efficiency in program spending is a positive indicator for potential donors looking for impactful contributions.
However, it is worth noting that the Foundation lacks a formal conflict of interest policy, which is an area for potential improvement. Despite this limitation, the overall performance in accountability and finance portrays the organization as a trustworthy steward of its resources.
This AI summary has been generated from information found on Charity Navigator.
Is Owensboro Community And Technical College Foundation Inc legitimate?
Owensboro Community And Technical College Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Owensboro Community And 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.
Heare are some key statistics you may want to consider:
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Official website here: www.octc.kctcs.edu/giving/foundation.aspx
What is the mission statement of Owensboro Community And Technical College Foundation Inc?
The Owensboro Community and Technical College Foundation Inc. is a non-profit organization established with the primary aim of supporting and promoting the growth of the Owensboro Community and Technical College. This support primarily comes from contributions made by individuals, businesses, and local governments. The foundation's mission is to provide scholarships to students and offer financial aid to various programs within the college. By doing so, it contributes to the overall development and advancement of the educational institution. The foundation serves as a crucial source of financial assistance, contributing significantly to the success and progress of the Owensboro Community and Technical College.
Official website here: www.octc.kctcs.edu/giving/foundation.aspx
Who is the CEO of Owensboro Community And Technical College Foundation Inc?
Michael D Rodgers is the Chair of Owensboro Community And Technical College Foundation Inc.
Official website here: www.octc.kctcs.edu/giving/foundation.aspx
What is the revenue of Owensboro Community And Technical College Foundation Inc?
Owensboro Community And Technical College Foundation Inc's revenue in 2022 was $461,999.
Official website here: www.octc.kctcs.edu/giving/foundation.aspx
Who are the executives of Owensboro Community And Technical College Foundation Inc and what are their salaries?
Here are 18 key members and their salaries:
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Official website here: www.octc.kctcs.edu/giving/foundation.aspx
Where can I find the form 990 for Owensboro Community And Technical College Foundation Inc?
Owensboro Community And Technical College Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.octc.kctcs.edu/giving/foundation.aspx
Learn more at the official website: www.octc.kctcs.edu/giving/foundation.aspx
Mission Statement of Owensboro Community And Technical College Foundation Inc
The Owensboro Community and Technical College Foundation Inc is a nonprofit organization established with the primary objective of supporting and promoting the advancement of the Owensboro Community and Technical College. Its mission is to secure financial assistance primarily from individual, business, and local government contributions. This support is instrumental in providing scholarships for students and funding various programs at the Owensboro Community and Technical College, thereby contributing to its further development. The foundation plays a crucial role in strengthening the educational opportunities and resources available at the college, ultimately benefiting the community it serves.
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Impact
July, 2024
Owensboro Community And Technical College Foundation Inc's impact is significant in supporting the development and advancement of Owensboro Community and Technical College. The foundation primarily operates through donations from individuals, businesses, and local governments to provide scholarships for students and financial assistance for various programs at the college. Through its contributions, the foundation plays a crucial role in promoting access to education, enhancing learning opportunities, and supporting the growth of the college, ultimately benefiting the community as a whole.
This information is meant to be a general summary of Owensboro Community And 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: $57,796
- Program Service Revenue: $20,917
- Gross Receipts: $461,999
Assets and Liabilities:
- Total Assets: $5,382,290
- Total Liabilities: $0
- Net Assets: $5,382,290
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME RELATED
Revenue
$20,917
Organization Details
Founding Year
1986
Phone
(270) 686-4503Principal Officer
Michael D Rodgers
Main Address
4800 NEW HARTFORD ROAD, OWENSBORO, KY, 42303
NTEE Category
Code: B41I - Education
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