Overview
What is Lurleen B Wallace Community College Foundation?
Lurleen B Wallace Community College Foundation is a nonprofit organization situated in Andalusia, Alabama. Its primary mission is to foster educational opportunities for students attending LBW Community College. They achieve this by engaging in fundraising activities, managing investments, and allocating funds for scholarships, classroom grants, and institutional development. The foundation's efforts are geared towards supporting the learning and growth of students, contributing to the college's academic programs and overall development.
Official website here: www.lbwcc.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 60% overall score)
The Lurleen B Wallace Community College Foundation has received a Two-Star rating from Charity Navigator, indicating a need for improvement in various governance and operational aspects. A notable strength is the composition of its board, which is entirely independent, contributing to a solid accountability score. The foundation also scores well in financial audits and has shown no material diversion of assets.
However, the foundation faces significant limitations in its governance practices, particularly the absence of critical policies such as conflict of interest, whistleblower, and document retention policies. Additionally, the foundation's program expense ratio is relatively low, suggesting that a smaller percentage of expenditures are directed towards its programs compared to overall spending. The lack of transparency is further highlighted by the missing tax forms on its website, which may affect public trust and accountability perceptions.
This AI summary has been generated from information found on Charity Navigator.
Is Lurleen B Wallace Community College Foundation legitimate?
Lurleen B Wallace Community College Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lurleen B Wallace Community College Foundation 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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For more financial information, click here
Official website here: www.lbwcc.edu
What is the mission statement of Lurleen B Wallace Community College Foundation?
The Lurleen B Wallace Community College Foundation's primary mission is to foster and support academic pursuits at LBW Community College. This is achieved by accepting contributions and financial donations, which are then utilized to grant scholarships to deserving students selected by the college's committee. The foundation's objectives also include promoting educational opportunities for students through various activities, such as fundraising events, investment strategies, and the provision of classroom grants and institutional development funds. In essence, the Lurleen B Wallace Community College Foundation aims to empower students by alleviating financial barriers that might hinder their educational journey.
Official website here: www.lbwcc.edu
Who is the CEO of Lurleen B Wallace Community College Foundation?
Chrissie Duffy is the Executive Director of Lurleen B Wallace Community College Foundation.
Official website here: www.lbwcc.edu
What is the revenue of Lurleen B Wallace Community College Foundation?
Lurleen B Wallace Community College Foundation's revenue in 2022 was $859,282.
Official website here: www.lbwcc.edu
Who are the executives of Lurleen B Wallace Community College Foundation and what are their salaries?
There 25 volunteers at Lurleen B Wallace Community College Foundation.
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Official website here: www.lbwcc.edu
Where can I find the form 990 for Lurleen B Wallace Community College Foundation?
Lurleen B Wallace Community College Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lbwcc.edu
Learn more at the official website: www.lbwcc.edu
Mission Statement of Lurleen B Wallace Community College Foundation
Lurleen B Wallace Community College Foundation, a nonprofit organization, is dedicated to fostering academic growth and learning opportunities at Lurleen B Wallace Community College. Its primary mission involves promoting the study and teaching of various subjects offered at the college, as well as receiving contributions and funds. This nonprofit organization uses these resources to grant scholarships to deserving students who have been selected by the college's committees. By doing so, Lurleen B Wallace Community College Foundation plays a crucial role in supporting the education of students, enabling them to pursue their academic goals and contribute to society.
In order to achieve its mission, Lurleen B Wallace Community College Foundation engages in various activities. These include fundraising events, investment initiatives, and the provision of financial assistance through scholarships, classroom grants, and institutional development funds. The foundation's efforts aim to enhance the overall educational experience for students at Lurleen B Wallace Community College, providing them with the necessary financial support to excel in their studies. In this way, Lurleen B Wallace Community College Foundation serves as a vital partner in the college's mission to educate and empower its students, contributing to the development of a skilled and knowledgeable workforce.
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Impact
July, 2024
The impact of Lurleen B. Wallace Community College Foundation is evident in its commitment to promoting education opportunities for students at LBW Community College. By providing scholarships, classroom grants, and institutional development funds, the Foundation plays a crucial role in supporting students in their academic pursuits. Through fundraising activities and investment initiatives, the Foundation ensures that students have access to the resources they need to succeed in their education. Overall, the Foundation's efforts have a direct and positive impact on the educational advancement of students at LBW Community College.
This information is meant to be a general summary of Lurleen B Wallace Community College Foundation. 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: $313,793
- Gross Receipts: $859,282
Assets and Liabilities:
- Total Assets: $6,645,900
- Total Liabilities: $5,550
- Net Assets: $6,640,350
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Organization Details
Founding Year
1970
Principal Officer
Chrissie Duffy
Main Address
P O Box 1311, Andalusia, AL, 36420
Website
www.lbwcc.eduNTEE Category
Code: B42I - Education
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