Overview
What is Kentucky Community And Technical College System Foundation Inc?
Kentucky Community And Technical College System Foundation Inc is a nonprofit organization situated in Versailles, Kentucky, specifically at 300 North Main Street. Their primary role is to raise funds and provide support for the Kentucky Community & Technical College System, which operates 16 colleges and over 70 campuses across the state. The Foundation acts as a catalyst and leader in resource development initiatives, aligning with KCTCS's strategic plan to meet the needs of its stakeholders. Their mission is to serve as the non-profit fundraising arm for KCTCS, contributing to its growth and success.
Official website here: www.kctcsfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star rating)
The Kentucky Community and Technical College System Foundation Inc. has received a commendable Four-Star rating from Charity Navigator, indicating strong performance in accountability and finance. With an overall score derived from a single beacon focused entirely on financial practices, the organization stands out for its excellent management of resources, with a negligible liability to assets ratio and a high program expense ratio.
Key strengths of the foundation include a completely independent board of directors, which enhances governance, as well as robust financial oversight measures. The foundation has implemented various policies, including conflict of interest and whistleblower policies, contributing to its transparency and accountability. Additionally, the organization has demonstrated remarkable fundraising efficiency, with no associated costs, further showcasing its commitment to maximizing donor contributions for programmatic uses.
While the foundation has achieved excellent scores across multiple financial metrics, there are no noted limitations or areas for improvement within the available data. This solid performance reinforces the foundation's reputation as a responsible and effective nonprofit committed to supporting educational initiatives in Kentucky.
This AI summary has been generated from information found on Charity Navigator.
Is Kentucky Community And Technical College System Foundation Inc legitimate?
Kentucky Community And Technical College System Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kentucky Community And Technical College System 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.kctcsfoundation.org
What is the mission statement of Kentucky Community And Technical College System Foundation Inc?
The Kentucky Community and Technical College System Foundation Inc serves as the non-profit fundraising arm for KCTCS. Its mission is to catalyze and lead resource development initiatives that align with KCTCS's strategic plan, aiming to meet the needs of its stakeholders. The organization provides funding and support to the Kentucky Community & Technical College System, which operates 16 colleges and over 70 campuses. The Foundation's activities are instrumental in advancing the goals of KCTCS, contributing to its overall success.
Official website here: www.kctcsfoundation.org
What is the revenue of Kentucky Community And Technical College System Foundation Inc?
Kentucky Community And Technical College System Foundation Inc's revenue in 2024 was $6,750,000.
Official website here: www.kctcsfoundation.org
Who are the executives of Kentucky Community And Technical College System Foundation Inc and what are their salaries?
There 12 volunteers at Kentucky Community And Technical College System Foundation Inc.
Here are 18 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.kctcsfoundation.org
Where can I find the form 990 for Kentucky Community And Technical College System Foundation Inc?
Kentucky Community And Technical College System Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.kctcsfoundation.org
Learn more at the official website: www.kctcsfoundation.org
Mission Statement of Kentucky Community And Technical College System Foundation Inc
Kentucky Community and Technical College System Foundation Inc serves as the non-profit fundraising arm for the Kentucky Community & Technical College System. Acting as a catalyst and leader in resource development initiatives, the foundation supports the strategic plan of KCTCS to meet the needs of its stakeholders. The organization's mission is to raise funds and provide support for the Kentucky Community & Technical College System, which operates 16 colleges and more than 70 campuses. By doing so, the foundation plays a crucial role in contributing to the educational growth and development of its community.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Kentucky Community And Technical College System Foundation Inc's impact lies in its pivotal role as the nonprofit fundraising arm of KCTCS. By spearheading resource development initiatives that align with the strategic plan of KCTCS, the Foundation actively supports the 16 colleges and over 70 campuses within the Kentucky Community & Technical College System. Through its fundraising efforts, the Foundation contributes significantly to fulfilling the needs of various stakeholders in the education sector, thereby playing a crucial part in advancing education and workforce development in Kentucky.
This information is meant to be a general summary of Kentucky Community And Technical College System 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 2024.
- Investment Income: $18,117
- Gross Receipts: $6,750,000
Assets and Liabilities:
- Total Assets: $10,345,360
- Total Liabilities: $1,162,920
- Net Assets: $9,182,440
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1999
Principal Officer
Chris Perry
Website
www.kctcsfoundation.orgNTEE Category
Code: B114 - Education
If you are a representative of Kentucky Community And Technical College System Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.