Overview
What is Big Sandy College Educational Foundation Inc?
Big Sandy College Educational Foundation Inc, situated in Prestonsburg, Kentucky, is a nonprofit organization with a mission to stimulate financial support for Big Sandy Community and Technical College. This support comes in the form of private gifts and grants, which play a crucial role in realizing the college's vision, mission, and goals, as part of the Kentucky Community and Technical College System. During 2023, the foundation provided scholarships to students and grants to help students manage various emergency education-related expenses at the college. They also received $23,862 worth of donated personnel services from Big Sandy Community and Technical College for their daily operations.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
Big Sandy College Educational Foundation Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance, scoring 80%. This rating is based entirely on their strong accountability measures, reflecting the organization's commitment to transparency and responsible financial management.
The foundation excels in several key areas, including having an entirely independent board with 13 members, which promotes unbiased decision-making. They also have a perfect score on their program expense ratio, indicating that 97.83% of their expenses are dedicated to their programs rather than administrative costs, showcasing their focus on mission-driven activities.
However, while the organization shows strengths in governance and financial ratios, there is no additional context provided regarding their overall impact or program effectiveness. This leaves room for further exploration into how their programs directly benefit the community they serve.
This AI summary has been generated from information found on Charity Navigator.
Is Big Sandy College Educational Foundation Inc legitimate?
Big Sandy College Educational Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Big Sandy College Educational 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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What is the mission statement of Big Sandy College Educational Foundation Inc?
The Big Sandy College Educational Foundation Inc's mission is centered around stimulating voluntary financial support. This backing is crucial in realizing the vision, mission, and objectives of Big Sandy Community and Technical College, as well as the Kentucky Community and Technical College System. By securing these private donations and grants, the foundation plays a significant role in enhancing the college's capabilities and reaching its set goals. During 2023, the foundation provided scholarships to students and offered grants to assist them in addressing various emergency educational needs at Big Sandy Community and Technical College.
Who is the CEO of Big Sandy College Educational Foundation Inc?
Darren Gillespie is the Treasurer of Big Sandy College Educational Foundation Inc.
What is the revenue of Big Sandy College Educational Foundation Inc?
Big Sandy College Educational Foundation Inc's revenue in 2023 was $213,934.
Who are the executives of Big Sandy College Educational Foundation Inc and what are their salaries?
Here are 13 key members and their salaries:
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Where can I find the form 990 for Big Sandy College Educational Foundation Inc?
Big Sandy College Educational Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Big Sandy College Educational Foundation Inc
Big Sandy College Educational Foundation Inc, as a nonprofit organization, is committed to stimulating voluntary financial support for Big Sandy Community and Technical College. This support is crucial in helping the college achieve its vision, mission, and goals, as well as those of the Kentucky Community and Technical College System. By securing private gifts and grants, the foundation plays a vital role in enhancing the educational opportunities for students at Big Sandy Community and Technical College. During 2023, the foundation provided scholarships to students and grants to assist them with various emergency aspects related to their education. Additionally, the foundation received $23,862 worth of donated personnel services from Big Sandy Community and Technical College, contributing to its day-to-day operations.
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Impact
October, 2024
Big Sandy College Educational Foundation Inc has a significant impact on the educational landscape of Big Sandy Community and Technical College. By stimulating voluntary financial support, the Foundation plays a crucial role in funding scholarships that enable students to pursue their academic goals. In 2023, it assisted many students not only through scholarships but also by providing grants to address various emergency needs related to their education. This support is vital for students facing financial challenges, ensuring that access to education remains a possibility.
Additionally, the contributions received, totaling $23,862 in donated personnel services from Big Sandy Community and Technical College, highlight the collaboration between the Foundation and the college. This partnership strengthens the operational capacity of the Foundation, allowing it to focus on its mission of advancing educational opportunities for the local community. Ultimately, the Foundation’s efforts are essential for fostering academic success and promoting the vision of the college and the Kentucky Community and Technical College System.
This information is meant to be a general summary of Big Sandy College Educational 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 2023.
- Investment Income: $930
- Gross Receipts: $243,269
Assets and Liabilities:
- Total Assets: $602,561
- Total Liabilities: $0
- Net Assets: $602,561
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Organization Details
Phone
(606) 889-4899Principal Officer
Darren Gillespie
Main Address
ONE BERT T COMBS DRIVE, PRESTONSBURG, KY, 41653
NTEE Category
Code: B84 - Education
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