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Licking Valley College Development Corp

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 616039506 ✦ Maysville, KY ✦ Designated as a 501(c)(3)

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Overview

What is Licking Valley College Development Corp?

Licking Valley College Development Corp is a nonprofit organization situated in Maysville, Kentucky. Its primary mission is to support students attending Maysville Community and Technical College by providing scholarships, aiding in program development, and raising funds for construction projects within the local community. By awarding scholarships and contributing to various programs, this organization aims to empower local students and contribute to the betterment of the Maysville area's educational landscape.

What are the reviews and ratings of this charity?

Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement)

Licking Valley College Development Corp has received a two-star rating from Charity Navigator, indicating that there are several areas requiring improvement. The organization has a solid accountability & finance score of 73% and shows strong governance practices, with a fully independent board and no material diversion of assets. Additionally, the program expense ratio is commendable at 82.39%, reflecting a commitment to its mission-driven activities.

However, the organization faces significant shortcomings in transparency and policy implementation. Key documents such as the tax form, conflict of interest policy, whistleblower policy, and document retention and destruction policy are either missing or not publicly accessible. These gaps suggest that while the organization performs well financially, it needs to enhance its operational transparency and governance practices.

Overall, while Licking Valley College Development Corp demonstrates robust financial health and governance, the missing policies and documents may raise concerns among potential donors and supporters about its overall accountability and transparency. Addressing these limitations could significantly improve the organization's rating and public perception.


This AI summary has been generated from information found on Charity Navigator.

Is Licking Valley College Development Corp legitimate?

Licking Valley College Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Licking Valley College Development Corp 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

What is the mission statement of Licking Valley College Development Corp?

Licking Valley College Development Corp's mission is centered around providing support to Maysville Community and Technical College. This support encompasses awarding scholarships to students, contributing to program funds, and raising funds for building development. The corporation's primary goal is to contribute positively to the educational community, thereby enhancing the opportunities for students in their academic journey.

Who is the CEO of Licking Valley College Development Corp?

Cara Clarke is the Chairman of Licking Valley College Development Corp.

What is the revenue of Licking Valley College Development Corp?

Licking Valley College Development Corp's revenue in 2023 was $475,716.

Who are the executives of Licking Valley College Development Corp and what are their salaries?


Here are 9 key members and their salaries:


John H Sims (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Warren Markwell (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cara Clarke (Exceutive Officer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael L Lewis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Fuller (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Helton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Annette Walters (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa Mccane (Board Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Laura Mccullough (Director, Mctc President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Licking Valley College Development Corp?

Licking Valley College Development Corp's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Licking Valley College Development Corp

Licking Valley College Development Corp is an organization dedicated to providing assistance to the Maysville Community and Technical College. Its primary mission is to award scholarships, offer program support, and raise funds for building projects. By doing so, this nonprofit aims to contribute to the educational and developmental needs of the students attending the college. The corporation's activities are geared towards enhancing the learning environment and making education more accessible to students who may face financial challenges.

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Impact




July, 2024

Licking Valley College Development Corp's impact lies in providing scholarships, program support, and building funds to Maysville Community and Technical College in Maysville, Kentucky. Through their efforts, they have awarded scholarships to students attending college, contributing to their educational advancement and opportunities.




This information is meant to be a general summary of Licking Valley College Development Corp. 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.

Revenue
$475,716 (2023)
Expenses
$309,882 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $170,593
  • Gross Receipts: $683,336

Assets and Liabilities:

  • Total Assets: $2,901,080
  • Total Liabilities: $4,727
  • Net Assets: $2,896,353

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Organization Details

Founding Year

1966

Principal Officer

Cara Clarke

Main Address

1755 US HIGHWAY 68, MAYSVILLE, KY, 41056

NTEE Category

Code: B120 - Education

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