Overview
What is College Foundation Inc?
College Foundation Inc, based in Henderson, Kentucky, serves as a philanthropic organization that supports Henderson Community College. Their primary objective is to collect funds and raise awareness within the community. The foundation provides financial aid for numerous scholarship programs, ranging from $120 to $750 per semester, to assist students with tuition and textbook expenses. Additionally, they offer assistance to high school students in earning college credits through Advanced Placement (AP) courses offered at their local schools. Furthermore, College Foundation Inc contributes to the Rotary Colonels to College and Braves to College programs, which offer scholarships to eligible students from Henderson and Union counties, respectively, who meet specific criteria to continue their education at Henderson Community College. The state of Kentucky provides matching funds for these programs annually.
Official website here: www.henderson.kctcs.edu/giving/foundat
Is College Foundation Inc legitimate?
College Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 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.henderson.kctcs.edu/giving/foundat
What is the mission statement of College Foundation Inc?
The College Foundation Inc was established with the purpose of supporting the mission of Henderson Community College. Acting as its fundraising arm, its primary mission is to provide financial aid and scholarships to students attending the college. The foundation currently supports twenty scholarship programs, offering awards ranging from 120 to 750 per semester to help cover tuition and related expenses. Furthermore, additional financial support is provided to high school students seeking college credit through Advanced Placement (AP) courses offered at their local schools. The College Foundation Inc also contributes to programs like Rotary Colonels to College and Braves to College, which offer scholarships to eligible students from Henderson and Union counties, respectively, who meet specific criteria to continue their education at Henderson Community College. Annually, funds for these programs are remitted to the college's common fund, where matching funds are awarded by the state of Kentucky.
Official website here: www.henderson.kctcs.edu/giving/foundat
Who is the CEO of College Foundation Inc?
Bill Gentry is the President of College Foundation Inc.
Official website here: www.henderson.kctcs.edu/giving/foundat
What is the revenue of College Foundation Inc?
College Foundation Inc's revenue in 2023 was $399,795.
Official website here: www.henderson.kctcs.edu/giving/foundat
Who are the executives of College Foundation Inc and what are their salaries?
There 25 volunteers at College Foundation Inc.
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Official website here: www.henderson.kctcs.edu/giving/foundat
Where can I find the form 990 for College Foundation Inc?
College Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.henderson.kctcs.edu/giving/foundat
Learn more at the official website: www.henderson.kctcs.edu/giving/foundat
Mission Statement of College Foundation Inc
The College Foundation, Inc., serves as the fundraising arm for Henderson Community College, dedicated to supporting its mission by raising funds and awareness within the community. This nonprofit organization's primary mission is to provide financial aid and scholarships to students attending Henderson Community College. Currently, it supports twenty scholarship programs, offering awards ranging from $120 to $750 per semester to assist with tuition, textbooks, and other related expenses.
Furthermore, the College Foundation, Inc., extends its financial support to high school students seeking college credit by participating in Advanced Placement (AP) courses offered at their local high schools. In addition, the organization sponsors scholarship programs such as Rotary Colonels to College and Braves to College, which provide financial assistance to eligible students from Henderson and Union counties, respectively, as they pursue higher education at Henderson Community College. Annual funds for these programs are remitted to the college's common fund, with matching funds awarded by the State of Kentucky.
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Impact
October, 2024
College Foundation Inc significantly enhances educational opportunities at Henderson Community College by raising funds and fostering awareness within the community. Through its initiatives, the foundation provides vital financial support for student scholarships, encompassing twenty distinct scholarship programs that collectively help students manage their tuition and associated educational expenses.
The scholarships awarded range from $120 to $750 per semester, making a tangible difference in reducing the financial burden on students. In addition, the foundation aids high school students aiming for college credit through advanced placement courses, ensuring that early academic enrichment is accessible.
Programs like Rotary Colonels to College and Braves to College further streamline the pathway for eligible students from Henderson and Union Counties, granting them scholarships that facilitate their continuity in higher education. The foundation's strategic fundraising efforts not only support these scholarships but also contribute to a common fund at the college, unlocking state matching funds that amplify the financial resources available to students.
Overall, College Foundation Inc's impact is profound, as it not only provides immediate financial assistance but also nurtures a culture of educational advancement in the community.
This information is meant to be a general summary of 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 2023.
- Investment Income: $176,829
- Gross Receipts: $399,795
Assets and Liabilities:
- Total Assets: $2,542,074
- Total Liabilities: $779
- Net Assets: $2,541,295
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Organization Details
Founding Year
1957
Phone
(270) 831-9805Principal Officer
Bill Gentry
Main Address
2260 S GREEN STREET, HENDERSON, KY, 42420
NTEE Category
Code: B110 - Education
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