Overview
What is The Kilgore College Foundation?
The Kilgore College Foundation is a charitable organization situated in Kilgore, Texas, specifically at 1100 Broadway Blvd, 75662. Their primary mission is to provide financial assistance to students attending Kilgore Junior College through scholarships. Additionally, they extend their support to the college by granting funds to help maintain and advance its mission. The foundation accepts donations, as permitted under Section 170(b), to contribute to the overall well-being of Kilgore Junior College District.
Official website here: www.kilgore.edu/about/kc-foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating 92% - Four-Star out of Four Star rating
The Kilgore College Foundation has achieved a Four-Star rating from Charity Navigator, reflecting strong accountability and financial health. The foundation's overall score is solely based on its accountability and finance metrics, where it excelled, particularly with a perfect score in key areas such as independent board membership and financial oversight. This indicates a robust governance structure and transparency, essential for donor confidence.
The foundation boasts a high ratio of program expenses, which accounts for 100% of its expenditures, signifying that all funds are directed toward its mission rather than administrative costs. Additionally, it has an impressive working capital ratio, indicating stability and the ability to sustain operations over the long term. These strengths suggest that the foundation is effectively managing its resources to benefit its stakeholders.
However, there are some limitations noted, such as the absence of a whistleblower policy and the failure to distribute tax forms to the board before filing. While these do not detract significantly from the overall positive evaluation, they highlight areas for improvement in governance practices. Overall, the Kilgore College Foundation demonstrates a strong commitment to financial accountability and programmatic impact.
This AI summary has been generated from information found on Charity Navigator.
Is The Kilgore College Foundation legitimate?
The Kilgore College Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Kilgore 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.kilgore.edu/about/kc-foundation
What is the mission statement of The Kilgore College Foundation?
The Kilgore College Foundation's mission is centered around accepting donations, as permitted under Section 170(b). These contributions are primarily utilized for the benefit of the Kilgore Junior College District. One of the key objectives of the foundation is to provide scholarships to students enrolled at Kilgore College. Furthermore, the foundation also provides grants to the college, with the aim of supporting the college's mission. In essence, the Kilgore College Foundation serves to enhance the educational experiences of its students and support the overall mission of Kilgore Junior College District.
Official website here: www.kilgore.edu/about/kc-foundation
Who is the CEO of The Kilgore College Foundation?
Ken Raney is the President of The Kilgore College Foundation.
Official website here: www.kilgore.edu/about/kc-foundation
What is the revenue of The Kilgore College Foundation?
The Kilgore College Foundation's revenue in 2022 was $2,456,669.
Official website here: www.kilgore.edu/about/kc-foundation
Who are the executives of The Kilgore College Foundation and what are their salaries?
There 50 volunteers at The Kilgore College Foundation.
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Official website here: www.kilgore.edu/about/kc-foundation
Where can I find the form 990 for The Kilgore College Foundation?
The Kilgore College Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.kilgore.edu/about/kc-foundation
Learn more at the official website: www.kilgore.edu/about/kc-foundation
Mission Statement of The Kilgore College Foundation
The Kilgore College Foundation, in its mission, accepts donations with the purpose of benefiting the Kilgore Junior College District, as outlined under Section 170(b). This nonprofit organization utilizes these donations in two primary ways. Firstly, it provides scholarships to students attending Kilgore College, offering them financial assistance to further their education. Secondly, the Foundation grants funds to the college itself, supporting the college's mission and enhancing its capabilities. By doing so, The Kilgore College Foundation contributes significantly to the educational pursuits of its students and the overall mission of Kilgore Junior College District.
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Impact
July, 2024
The Kilgore College Foundation makes a significant impact by providing scholarships to students of Kilgore College, enabling them to pursue their educational goals and achieve their academic potential. Additionally, the foundation offers grants to the college to support its mission, ensuring that the institution can continue to provide quality education and resources to its students and the community. Through these efforts, the Kilgore College Foundation plays a vital role in promoting educational opportunities and fostering the growth and development of individuals in the Kilgore, TX area.
This information is meant to be a general summary of The Kilgore 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: $903,925
- Gross Receipts: $2,456,669
Assets and Liabilities:
- Total Assets: $21,898,658
- Total Liabilities: $45,500
- Net Assets: $21,853,158
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Organization Details
Founding Year
1996
Phone
(906) 983-8205Principal Officer
Ken Raney
Main Address
1100 BROADWAY BLVD, KILGORE, TX, 75662
NTEE Category
Code: B82 - Education
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