Overview
What is Tstc Foundation?
Tstc Foundation is a nonprofit organization based in Waco, Texas, with an address at 3801 Campus Drive, 76705. Its primary mission is to enhance the support provided by the state of Texas to colleges by offering financial aid for new and ongoing projects and activities in the fields of research, education, and community service. The foundation has been successful in raising funds through various means, including direct mail, soliciting donors, and making personal visits. They have also awarded deserving students and faculty, aided in student recruitment, and provided financial assistance for textbook purchases in remedial classes.
Official website here: www.tstc.edu/donors/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
The Tstc Foundation has earned a Four-Star rating from Charity Navigator, indicating a high level of trustworthiness and effectiveness in its operations. The overall score reflects strong performance in both Accountability & Finance and Impact & Measurement, with a notable impact score of 100. This suggests that the organization is very effective in measuring and reporting its outcomes.
One of the organization’s strengths is its impressive program expense ratio of 90.79%, which means that a significant portion of its budget is allocated directly to its programs rather than administrative expenses. This efficient allocation of resources contributes to the foundation's success in increasing income for scholarship recipients, demonstrating a $1.50 return for every $1 spent.
However, while the accountability and finance score is solid at 82, it indicates there may be some areas for improvement in financial transparency or operational practices. Overall, the Tstc Foundation showcases a strong commitment to its mission and effective use of funds, making it a promising choice for donors looking to support educational scholarships.
This AI summary has been generated from information found on Charity Navigator.
Is Tstc Foundation legitimate?
Tstc Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tstc 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.tstc.edu/donors/foundation
What is the mission statement of Tstc Foundation?
The Tstc Foundation's mission is to enhance the state of Texas' support for colleges by providing financial aid for new and ongoing projects and activities in the fields of research, education, and community service. In essence, they aim to complement the state's efforts by funding various initiatives in these areas. The foundation has been successful in raising funds through direct mail, soliciting donors, and personal visits. They have awarded deserving students and faculty with financial aid, and have also contributed to student recruitment and the purchase of textbooks for remedial classes.
Official website here: www.tstc.edu/donors/foundation
Who is the CEO of Tstc Foundation?
Beth Wooten is the Executive Director of Tstc Foundation.
Official website here: www.tstc.edu/donors/foundation
What is the revenue of Tstc Foundation?
Tstc Foundation's revenue in 2022 was $4,293,165.
Official website here: www.tstc.edu/donors/foundation
Who are the executives of Tstc Foundation and what are their salaries?
There 10 volunteers at Tstc Foundation.
Here are 11 key members and their salaries:
- Compensation: $0
- Related: $137,632
- Other: $22,301
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- Other: $0
Official website here: www.tstc.edu/donors/foundation
Where can I find the form 990 for Tstc Foundation?
Tstc Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tstc.edu/donors/foundation
Learn more at the official website: www.tstc.edu/donors/foundation
Mission Statement of Tstc Foundation
The Tstc Foundation serves a crucial role in complementing the state of Texas' support for colleges by providing financial assistance for new and ongoing projects and activities in the areas of research, education, and community service. This nonprofit organization's mission is to supplement the financial needs of educational institutions, fostering growth and development in these critical areas. Through their financial support, they aim to enhance the learning experience and contribute to the betterment of communities. The Tstc Foundation achieves this by conducting successful fundraising efforts, engaging donors, making awards to deserving students and faculty, aiding in student recruitment, and facilitating textbook purchases for remedial classes.
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Impact
July, 2024
The Tstc Foundation's impact is significant in supporting Texas colleges by providing financial assistance for various projects and activities in research, education, and community service. Through successful fundraising efforts, direct mail campaigns, donor solicitation, and personal visits, the foundation has been able to make awards to deserving students and faculty. Additionally, they have assisted in student recruitment efforts and facilitated textbook purchases for remedial classes. Overall, the foundation's efforts contribute to enhancing educational opportunities and supporting academic initiatives within the state of Texas.
This information is meant to be a general summary of Tstc 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: $296,181
- Gross Receipts: $5,913,463
Assets and Liabilities:
- Total Assets: $48,610,555
- Total Liabilities: $31,465,129
- Net Assets: $17,145,426
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Organization Details
Founding Year
2000
Phone
(254) 867-4897Principal Officer
Beth Wooten
Main Address
3801 CAMPUS DRIVE, WACO, TX, 76705
NTEE Category
Code: B82 - Education
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