Overview
What is North Central Texas College Fdn Inc?
North Central Texas College Foundation Inc is a nonprofit organization that solely focuses on providing scholarship grants. These grants are intended for the benefit of students enrolled at North Central Texas College. The Foundation's primary mission is to financially assist these students, thereby contributing to their academic pursuits and overall development. By offering these scholarships, the Foundation aims to make higher education more accessible and affordable, ultimately empowering the student community.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 82% (Three-Star out of Four Star Rating)
North Central Texas College Foundation Inc has achieved a Three-Star rating from Charity Navigator, reflecting a solid score of 82%. This rating is entirely derived from their Accountability & Finance metrics, indicating a strong emphasis on responsible financial practices. The foundation demonstrates commendable fiscal governance, with a perfect score for independent board members and an effective audit and oversight committee.
The foundation also shows a high level of transparency, evidenced by its documentation of board meeting minutes and the absence of material diversion of assets. Their program expense ratio is notably strong at 73.19%, signifying that a significant portion of their funds is directed towards their programs rather than administrative costs. This focus on programmatic spending is a positive indicator of their commitment to fulfilling their mission.
However, while the foundation excels in financial accountability, the overall rating does not take into account other potential metrics such as fundraising efficiency or community impact. This means that while the financial health is clear, a more comprehensive view of the organization's overall effectiveness in achieving its mission would require additional data.
This AI summary has been generated from information found on Charity Navigator.
Is North Central Texas College Fdn Inc legitimate?
North Central Texas College Fdn Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. North Central Texas College Fdn 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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What is the mission statement of North Central Texas College Fdn Inc?
North Central Texas College Foundation Inc's mission is centered around providing scholarship grants. They aim to support students attending North Central Texas College by offering financial aid. This is done through the distribution of scholarship grants, which are designed to benefit the students at the college. The foundation's goal is to make higher education more accessible and affordable for these students, thereby contributing to their overall academic success. The foundation's activities primarily revolve around providing these scholarship grants.
Who is the CEO of North Central Texas College Fdn Inc?
Phil Neelley is the President of North Central Texas College Fdn Inc.
What is the revenue of North Central Texas College Fdn Inc?
North Central Texas College Fdn Inc's revenue in 2022 was $3,079,022.
Who are the executives of North Central Texas College Fdn Inc and what are their salaries?
Here are 25 key members and their salaries:
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Where can I find the form 990 for North Central Texas College Fdn Inc?
North Central Texas College Fdn Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of North Central Texas College Fdn Inc
North Central Texas College Foundation Inc's mission revolves around providing scholarship grants to students attending North Central Texas College. This nonprofit organization is dedicated to enhancing the educational opportunities of these students by offering financial assistance. By granting scholarships, North Central Texas College Foundation Inc aims to alleviate some of the financial burdens faced by students, enabling them to fully focus on their studies and academic pursuits. The organization's mission is a testament to its commitment to supporting the educational growth and success of students at North Central Texas College.
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Impact
July, 2024
North Central Texas College Fdn Inc has a significant impact on students at North Central Texas College by providing scholarship grants for their benefit. This support helps students pursue their educational goals and alleviate financial barriers, ultimately empowering them to succeed academically and potentially in their future careers. Through these scholarship grants, North Central Texas College Fdn Inc plays a crucial role in promoting education and enabling students to reach their full potential.
This information is meant to be a general summary of North Central Texas College Fdn 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: $1,037,000
- Gross Receipts: $6,636,301
Assets and Liabilities:
- Total Assets: $13,181,428
- Total Liabilities: $367,649
- Net Assets: $12,813,779
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Organization Details
Founding Year
1984
Phone
(940) 668-4213Principal Officer
Phil Neelley
Main Address
1525 W CALIFORNIA, GAINESVILLE, TX, 76240
NTEE Category
Code: B82Z - Education
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