Overview
What is Gateway Community & Technical College Foundation Inc?
Gateway Community & Technical College Foundation Inc is a nonprofit organization situated in Florence, Kentucky, specifically at 500 Technology Way. Their primary mission is to stimulate voluntary financial support for Gateway Community and Technical College, with the ultimate goal of enhancing access and improving the quality of post-secondary education. To fulfill this mission, the foundation is currently involved in the development of an urban campus in Covington, Kentucky, providing financial assistance to aid in this project. By doing so, they aim to bolster the accessibility and quality of education for the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
The Gateway Community & Technical College Foundation Inc has earned a Four-Star rating from Charity Navigator, indicating a high level of transparency and financial accountability. This exceptional rating is based entirely on a single beacon score that focuses on accountability and finance, reflecting the organization’s strong governance practices and sound financial management.
The foundation boasts a fully independent board, with all members contributing to its governance without any conflicts of interest. Additionally, it has policies in place for whistleblower protection and document retention, which further enhances its commitment to ethical practices. The organization's liabilities to assets ratio is notably low at 5.64%, and an impressive program expense ratio of 96.41% illustrates that the majority of its funds are directed towards its programs rather than administrative costs.
While the foundation appears to have a solid operational structure, the rating does not provide insights into the impact of its programs or the specifics of its community engagement. Overall, the high rating reflects a trustworthy organization focused on effective financial practices.
This AI summary has been generated from information found on Charity Navigator.
Is Gateway Community & Technical College Foundation Inc legitimate?
Gateway Community & Technical College Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gateway Community & 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.
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What is the mission statement of Gateway Community & Technical College Foundation Inc?
The Gateway Community & Technical College Foundation Inc was established with the purpose of encouraging voluntary financial contributions. Its primary mission is to support Gateway Community and Technical College, aiming to enhance access and improve the quality of post-secondary education. To achieve this, the foundation provides financial assistance for campus development projects. This support helps in advancing the college's urban campus in Covington, Kentucky, ultimately contributing to the betterment of post-secondary education opportunities.
Who is the CEO of Gateway Community & Technical College Foundation Inc?
Beth Vice-Cross is the Chairman of Gateway Community & Technical College Foundation Inc.
What is the revenue of Gateway Community & Technical College Foundation Inc?
Gateway Community & Technical College Foundation Inc's revenue in 2022 was $3,998,381.
Who are the executives of Gateway Community & Technical College Foundation Inc and what are their salaries?
There 25 volunteers at Gateway Community & Technical College Foundation Inc.
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Where can I find the form 990 for Gateway Community & Technical College Foundation Inc?
Gateway Community & Technical College Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Gateway Community & Technical College Foundation Inc
Gateway Community & Technical College Foundation Inc was established with the purpose of fostering voluntary financial contributions for Gateway Community and Technical College. The primary mission of this foundation is to stimulate financial support, thereby aiding in the development and enhancement of the college's educational facilities and resources. By providing financial assistance, the foundation aims to improve access and quality of postsecondary education, ultimately benefiting a diverse student body.
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Impact
July, 2024
Gateway Community & Technical College Foundation Inc plays a crucial role in enhancing access to quality postsecondary education at Gateway Community and Technical College in Kentucky. By stimulating voluntary financial support, the foundation contributes to campus development, specifically aiding in the establishment of an urban campus in Covington. This support directly impacts students by providing them with improved facilities and resources to further their education. Through its mission, the foundation significantly influences the educational landscape in the region, emphasizing the importance of postsecondary education for the community's development and growth.
This information is meant to be a general summary of Gateway Community & 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: $37,910
- Gross Receipts: $4,027,642
Assets and Liabilities:
- Total Assets: $3,740,118
- Total Liabilities: $167,272
- Net Assets: $3,572,846
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Organization Details
Founding Year
2003
Phone
(859) 442-1177Principal Officer
Beth Vice-Cross
Main Address
500 TECHNOLOGY WAY, FLORENCE, KY, 41042
NTEE Category
Code: B20Z - Education
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