Overview
What is Lake Tahoe Community College Foundation?
The Lake Tahoe Community College Foundation is a nonprofit organization situated in South Lake Taho, California, with an address at ONE COLLEGE DRIVE. Their primary mission is to foster educational excellence within the Lake Tahoe Community College District by encouraging and facilitating investments in the expansion and improvement of educational opportunities. They achieve this goal by dispensing scholarships to district students, utilizing a mix of unrestricted and restricted donations as their funding source. The Foundation's work is instrumental in empowering students to pursue their academic dreams, thereby contributing to the overall growth and development of the education sector within the district.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 98% (Four-Star out of Four Star Rating)
The Lake Tahoe Community College Foundation has achieved a remarkable score of 98%, earning it a prestigious Four-Star rating from Charity Navigator. This rating reflects the foundation's strong commitment to accountability and financial health, with 100% of its board members being independent and a high percentage of program expenses allocated directly to its initiatives.
The foundation demonstrates exceptional practices in governance with an independent board of 23 members and robust oversight committees. Additionally, it has implemented comprehensive policies regarding conflict of interest, whistleblower protections, and document retention, showcasing its dedication to transparency and ethical standards.
Financially, the foundation maintains a very low liabilities to assets ratio of 2.85%, indicating a solid financial footing. With a program expense ratio of 84.09%, it effectively prioritizes funds towards its mission-driven activities, ensuring that the majority of its resources directly benefit the community it serves. Overall, the Lake Tahoe Community College Foundation stands out as a well-managed and responsible nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Lake Tahoe Community College Foundation legitimate?
Lake Tahoe Community College Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Tahoe 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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Executive Compensation: $0
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Other Salaries and Wages: $0
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What is the mission statement of Lake Tahoe Community College Foundation?
The Lake Tahoe Community College Foundation's mission is centered around promoting educational excellence. It achieves this by encouraging and facilitating investments in the development and expansion of educational opportunities within the Lake Tahoe Community College District. The foundation's activities primarily involve providing scholarships to students in this district, sourced from a mix of unrestricted and restricted donations.
Who is the CEO of Lake Tahoe Community College Foundation?
Russi Egan is the Secretary of Lake Tahoe Community College Foundation.
What is the revenue of Lake Tahoe Community College Foundation?
Lake Tahoe Community College Foundation's revenue in 2022 was $666,209.
Who are the executives of Lake Tahoe Community College Foundation and what are their salaries?
There 88 volunteers at Lake Tahoe Community College Foundation.
Here are 25 key members and their salaries:
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Where can I find the form 990 for Lake Tahoe Community College Foundation?
Lake Tahoe Community College Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lake Tahoe Community College Foundation
The Lake Tahoe Community College Foundation's mission is centered around promoting educational excellence. It strives to accomplish this by fostering and encouraging investments in the development and expansion of educational opportunities within the Lake Tahoe Community College District. The foundation's primary role is to provide financial aid to students enrolled in this district, utilizing funds sourced from both unrestricted and restricted donations. This commitment to education and investment in the future of its students is a testament to the Lake Tahoe Community College Foundation's dedication to enhancing the educational landscape.
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Impact
July, 2024
Lake Tahoe Community College Foundation's impact lies in its dedication to promoting educational excellence and fostering the development and growth of educational opportunities at Lake Tahoe Community College District. Through the awarding of scholarships to students, the Foundation opens doors for individuals to pursue their academic goals and achieve success. The generous donations, both unrestricted and restricted, serve as a vital source of funding for these scholarships, making higher education more accessible and attainable for deserving students in the South Lake Tahoe community. In essence, the Foundation's work directly contributes to the educational advancement and overall betterment of individuals within the district.
This information is meant to be a general summary of Lake Tahoe 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: $113,432
- Gross Receipts: $707,679
Assets and Liabilities:
- Total Assets: $4,434,309
- Total Liabilities: $184,705
- Net Assets: $4,249,604
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Organization Details
Founding Year
1995
Phone
(530) 541-4660Principal Officer
Russi Egan
Main Address
ONE COLLEGE DRIVE, SOUTH LAKE TAHOE, CA, 96150
NTEE Category
Code: B99J - Education
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