Overview
What is Nashville State Community College Foundation Inc?
Nashville State Community College Foundation Inc is a nonprofit organization dedicated to supporting the Nashville State Community College. Their primary mission is to expand access to higher education and foster regional workforce and economic development. They achieve this by raising funds to provide student scholarships, enhance college programs, and engage in activities benefiting the college. During the 2021-2022 fiscal year, they distributed financial aid and scholarships totaling over 98,000 dollars to help students cover various expenses such as childcare, textbooks, transportation, emergencies, and even operating a food pantry. Furthermore, they supported various programs, including the Nashville Grad Program, Nashville Flex Program, Early College at White's Creek High School, the Patient Care Technician Program, and academic departments, allocating funds totaling over 720,000 dollars. In doing so, the Nashville State Community College Foundation helps bridge the financial gaps and meets the educational needs of Nashville State students not met through state and federal funding.
Official website here: www.nashvillestatefoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Star rating)
Nashville State Community College Foundation Inc has received an 88% rating from Charity Navigator, indicating a solid performance in terms of accountability and finance. The organization has a relatively high Accountability & Finance Score of 72, demonstrating responsible financial practices. However, the Foundation's program expense ratio stands at 85.79%, suggesting a substantial portion of expenses is directed towards its programs.
One of the Foundation's notable strengths is its perfect score of 100 in Impact & Measurement, reflecting its effective evaluation of outcomes. Furthermore, the program has shown that it increases the income for scholarship recipients significantly, with a return of more than $1.25 for every dollar spent. This showcases the Foundation's commitment to delivering impactful services to its beneficiaries.
Despite these strengths, the fundraising efficiency ratio is reported at $0.00, indicating potential challenges in generating funds through traditional fundraising efforts. While the working capital ratio of 2.16 years suggests a stable financial standing, the overall performance demonstrates areas for improvement in fundraising strategies to enhance sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Nashville State Community College Foundation Inc legitimate?
Nashville State Community College Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nashville State Community 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $332,215
For more financial information, click here
Official website here: www.nashvillestatefoundation.org
What is the mission statement of Nashville State Community College Foundation Inc?
The Nashville State Community College Foundation operates with the primary goal of supporting and benefiting Nashville State Community College. Its mission includes expanding access to higher education and promoting regional workforce and economic development. To achieve this, the foundation raises funds to provide student scholarships, enhance college programs, advocate for the college's welfare, and engage in activities that benefit the institution. By doing so, the foundation aims to contribute to the college's growth and success.
Official website here: www.nashvillestatefoundation.org
Who is the CEO of Nashville State Community College Foundation Inc?
Joey Hatch is the Director of Nashville State Community College Foundation Inc.
Official website here: www.nashvillestatefoundation.org
What is the revenue of Nashville State Community College Foundation Inc?
Nashville State Community College Foundation Inc's revenue in 2022 was $1,585,662.
Official website here: www.nashvillestatefoundation.org
Who are the executives of Nashville State Community College Foundation Inc and what are their salaries?
Here are 25 key members and their salaries:
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Official website here: www.nashvillestatefoundation.org
Where can I find the form 990 for Nashville State Community College Foundation Inc?
Nashville State Community College Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nashvillestatefoundation.org
Learn more at the official website: www.nashvillestatefoundation.org
Mission Statement of Nashville State Community College Foundation Inc
Nashville State Community College Foundation works diligently to support and benefit Nashville State Community College. Their mission is multifaceted, aiming to expand access to higher education and contribute to regional workforce and economic development. They accomplish this by raising funds to offer student scholarships, enhance college programs, advocate for the college's welfare, and engage in activities that benefit the college as a whole. By doing so, they aim to make higher education more accessible to a wider population, thereby contributing to the betterment of the community. Essentially, the Nashville State Community College Foundation serves as a catalyst for educational growth and workforce development, empowering students and the college community.
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Impact
July, 2024
Nashville State Community College Foundation Inc's impact can be seen in the significant support it provides to Nashville State Community College students. Through programs like the Beyond Financial Aid program, scholarships, and support for various college programs, the foundation helps bridge financial gaps and meet educational needs that are not covered by state and federal funding. In the 2021-2022 fiscal year alone, the foundation provided crucial assistance totaling $200,621 through the Beyond Financial Aid program, awarded $70,787 in scholarships, and allocated funds to programs like Nashville GRAD, Nashville FLEX, Early College at Whites Creek High School, Patient Care Technician Program, and academic departments. By expanding access to higher education and supporting students in their educational journeys, Nashville State Community College Foundation Inc plays a vital role in the regional workforce and economic development of Nashville.
This information is meant to be a general summary of Nashville State Community 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: $34,847
- Gross Receipts: $1,603,583
Assets and Liabilities:
- Total Assets: $2,183,166
- Total Liabilities: $46,522
- Net Assets: $2,136,644
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Organization Details
Founding Year
2014
Phone
(615) 353-3743Principal Officer
Joey Hatch
Main Address
120 WHITE BRIDGE RD, NASHVILLE, TN, 37209
NTEE Category
Code: T30 - Philanthropy
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