Overview
What is Lewis-Clark State College Foundation Inc?
Lewis-Clark State College Foundation Inc is a nonprofit organization situated in Lewiston, Idaho. Their primary mission is to collect funds to grant scholarships to students at Lewis-Clark State College, a public institution. Donors can choose to contribute either unrestricted or designated gifts for annual scholarships, or they can fund endowed scholarships, the income from which is used to award scholarships annually. The foundation plays a significant role in supporting the college, enhancing accessibility to higher education for numerous students.
Official website here: www.lcsc.edugiving
What are the reviews and ratings of this charity?
Charity Navigator rating: 90%, Four-Star out of Four Star rating.
The Lewis-Clark State College Foundation Inc has achieved a strong rating due to its excellent Accountability & Finance metrics. With a score of 100% for its independent board members and a solid financial oversight structure, the foundation demonstrates a commitment to transparency and ethical governance. The foundation's impressive program expense ratio of 89.41% indicates that a significant portion of its funds directly supports its mission.
However, there are some areas for improvement, particularly concerning policy documentation. The absence of a whistleblower and document retention policy suggests that there are gaps in its operational protocols. Additionally, while the foundation's fundraising efficiency ratio is quite low at $0.002, the overall financial health remains strong, supported by a low liabilities to assets ratio and ample working capital.
Overall, the organization shows promise with its financial management and commitment to accountability, although addressing its policy documentation could enhance its governance framework.
This AI summary has been generated from information found on Charity Navigator.
Is Lewis-Clark State College Foundation Inc legitimate?
Lewis-Clark State College Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lewis-Clark State 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $114,574
Professional Fundraising Fees: $0
Other Salaries and Wages: $129,743
For more financial information, click here
Official website here: www.lcsc.edugiving
What is the mission statement of Lewis-Clark State College Foundation Inc?
The Lewis-Clark State College Foundation's mission is centered around raising funds primarily for scholarships to support students at Lewis-Clark State College, a public institution. Donors contribute both undesignated and designated gifts for annual scholarships, and they also establish endowed scholarships, the earnings of which are distributed as financial aid. The foundation's main objective is to enhance the educational opportunities for students by providing financial assistance.
Official website here: www.lcsc.edugiving
What is the revenue of Lewis-Clark State College Foundation Inc?
Lewis-Clark State College Foundation Inc's revenue in 2024 was $5,105,092.
Official website here: www.lcsc.edugiving
Who are the executives of Lewis-Clark State College Foundation Inc and what are their salaries?
Here are 23 key members and their salaries:
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Official website here: www.lcsc.edugiving
Where can I find the form 990 for Lewis-Clark State College Foundation Inc?
Lewis-Clark State College Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.lcsc.edugiving
Learn more at the official website: www.lcsc.edugiving
Mission Statement of Lewis-Clark State College Foundation Inc
The Lewis-Clark State College Foundation's mission is centered around raising funds through donations to support Lewis-Clark State College, a renowned 4-year public institution. This nonprofit organization's primary goal is to provide financial aid in the form of scholarships to students attending this esteemed college. Donors contribute either undesignated or designated gifts, which are utilized for annual scholarships. Additionally, donors fund endowed scholarships, where the earnings are distributed as scholarships annually. In essence, the Lewis-Clark State College Foundation plays a crucial role in making higher education more accessible to students by providing financial aid, thereby empowering them to pursue their academic goals.
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Impact
July, 2024
Lewis-Clark State College Foundation Inc's impact is significant in supporting the educational pursuits of students at Lewis-Clark State College in Lewiston, Idaho. Through fundraising efforts and donations, the Foundation provides scholarships and other forms of financial support to help students achieve their academic goals. By offering these resources, the Foundation plays a vital role in enabling students to access higher education and pursue their aspirations.
This information is meant to be a general summary of Lewis-Clark State 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 2024.
- Investment Income: $2,075,506
- Program Service Revenue: $131,160
- Gross Receipts: $5,105,092
Assets and Liabilities:
- Total Assets: $15,914,915
- Total Liabilities: $536,513
- Net Assets: $15,378,402
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Grantmaking Foundations
Revenue
$131,160
Program 2
Revenue
$0
Program 3
Revenue
$0
Program 4
Revenue
$0
Program 5
Revenue
$0
Organization Details
Founding Year
1984
Principal Officer
President Lori Mccann
Website
www.lcsc.edugivingNTEE Category
Code: B42Z - Education
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