Overview
What is Weatherford College Foundation Inc?
Weatherford College Foundation Inc is a nonprofit organization that focuses on supporting Weatherford College and its students. By channeling fundraising donations, they contribute to essential capital improvements and various other contributions. The organization's primary mission is to assist students financially by providing scholarships, ensuring access to higher education for deserving individuals.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 98%, Four-Star out of Four Star rating.
The Weatherford College Foundation Inc has received an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The foundation scored 98% in this category, which is based entirely on a single beacon score. The high rating highlights the organization's commitment to responsible financial practices and transparency.
Strengths of the foundation include a fully independent board of 25 members, which ensures effective governance. The organization also scores perfectly in various accountability aspects such as its conflict of interest and whistleblower policies, demonstrating a robust internal structure. Its low liabilities to assets ratio (0.04%) and high program expense ratio (91.25%) indicate that the majority of its resources are directed towards its programs rather than administrative costs.
While the data showcases the foundation's strengths, it does not specifically address any limitations or areas for improvement. However, the emphasis on financial accountability and transparency suggests a well-managed organization that prioritizes its missions effectively. Overall, the Weatherford College Foundation Inc appears to be a commendable choice for donors seeking to support a financially responsible nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Weatherford College Foundation Inc legitimate?
Weatherford College Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Weatherford 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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Professional Fundraising Fees: $0
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What is the mission statement of Weatherford College Foundation Inc?
The Weatherford College Foundation's primary mission is to aid Weatherford College and its students. This is achieved by transferring funds raised through various means to support capital improvements and other contributions. Additionally, the foundation offers scholarships to students attending the college, thereby contributing to their educational pursuits. In essence, the Weatherford College Foundation's role is to bolster the college and its student body financially, providing opportunities for academic growth.
Who is the CEO of Weatherford College Foundation Inc?
Brent Gough is the Director/Wc of Weatherford College Foundation Inc.
What is the revenue of Weatherford College Foundation Inc?
Weatherford College Foundation Inc's revenue in 2022 was $3,156,506.
Who are the executives of Weatherford College Foundation Inc and what are their salaries?
Here are 23 key members and their salaries:
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Where can I find the form 990 for Weatherford College Foundation Inc?
Weatherford College Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Weatherford College Foundation Inc
The Weatherford College Foundation, in its mission, seeks to bolster Weatherford College and its pupils. By channeling fundraising contributions, the foundation contributes to various capital improvements and additional contributions within the college. Beyond this, the Weatherford College Foundation extends its support to students by providing scholarships. These scholarships serve as vital aids to the students pursuing their education at the college, enabling them to overcome financial barriers and focus on their studies.
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Impact
July, 2024
Weatherford College Foundation Inc's impact is significant as it provides crucial support to Weatherford College and its students. By transferring fundraising gifts to contribute to capital improvements and other contributions, the foundation plays a key role in enhancing the college's facilities and resources. Additionally, through its provision of scholarships for students at the college, Weatherford College Foundation Inc enables individuals to pursue their educational goals and create a positive impact in their lives and communities. This direct support to the college and its students helps to advance education and empower individuals to achieve their full potential.
This information is meant to be a general summary of Weatherford 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: $402,164
- Gross Receipts: $9,725,212
Assets and Liabilities:
- Total Assets: $11,443,572
- Total Liabilities: $403,859
- Net Assets: $11,039,713
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Organization Details
Phone
(817) 594-5471Principal Officer
Brent Gough
Main Address
225 COLLEGE PARK DRIVE, WEATHERFORD, TX, 76086
NTEE Category
Code: B42I - Education
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