Overview
What is Davis Technical College Foundation Inc?
Davis Technical College Foundation Inc is a charitable organization, situated in Kaysville, Utah, with the address 550 E 300 S, 84037. Its primary mission is to strengthen the community by offering essential support to Davis Technical College. This aid takes various forms, including providing scholarships to students, financing necessary equipment, and offering financial assistance directly to the college itself. By doing so, the Foundation helps reduce tuition costs for students, thereby fostering a more educated workforce in the community. The Foundation's ultimate goal is to empower individuals by making accessible technical education a reality at Davis Technical College.
Official website here: www.davistech.edu/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Star rating)
Davis Technical College Foundation Inc has received a solid Three-Star rating from Charity Navigator with an overall score of 88%. This score is primarily derived from their Accountability & Finance performance, indicating a strong commitment to transparency and responsible financial management. The foundation boasts a fully independent board, scoring top marks across various governance metrics, which enhances its credibility and operational integrity.
The foundation's strength lies in its impressive program expense ratio, with 95.64% of its expenses allocated directly to its programs. This suggests that the foundation is effectively utilizing its resources to achieve its mission, which is vital for donor trust and organizational impact. Additionally, the absence of any material diversion of assets further supports its financial health.
However, some areas for improvement have been noted. The foundation lacks a whistleblower policy and a document retention and destruction policy, which could enhance its governance framework. Furthermore, its tax form is not posted on their website, which may limit transparency for potential donors and stakeholders. Addressing these issues could improve overall accountability and further strengthen public confidence in their operations.
This AI summary has been generated from information found on Charity Navigator.
Is Davis Technical College Foundation Inc legitimate?
Davis Technical College Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Davis Technical 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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Official website here: www.davistech.edu/foundation
What is the mission statement of Davis Technical College Foundation Inc?
The Davis Technical College Foundation Inc's mission is centered around providing essential support to Davis Technical College. This support empowers individuals to transform their lives through accessible technical education. The foundation achieves this by offering scholarships, essential equipment, and financial aid to the students of the college, as well as providing direct financial assistance to the college itself. This, in turn, leads to reduced tuition costs for students and a more educated workforce in the community.
Official website here: www.davistech.edu/foundation
Who is the CEO of Davis Technical College Foundation Inc?
Peter Watkins is the Past Chair of Davis Technical College Foundation Inc.
Official website here: www.davistech.edu/foundation
What is the revenue of Davis Technical College Foundation Inc?
Davis Technical College Foundation Inc's revenue in 2023 was $579,471.
Official website here: www.davistech.edu/foundation
Who are the executives of Davis Technical College Foundation Inc and what are their salaries?
There 18 volunteers at Davis Technical College Foundation Inc.
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Official website here: www.davistech.edu/foundation
Where can I find the form 990 for Davis Technical College Foundation Inc?
Davis Technical College Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.davistech.edu/foundation
Learn more at the official website: www.davistech.edu/foundation
Mission Statement of Davis Technical College Foundation Inc
Davis Technical College Foundation Inc, a nonprofit organization, is committed to providing essential support to Davis Technical College. Their mission is centered around empowering all individuals to transform their lives through accessible technical education. By offering scholarships, equipment, and financial assistance to students at Davis Technical College, as well as directly supporting the college itself, the Foundation works towards making technical education more affordable and accessible. This, in turn, contributes to a stronger community by equipping its members with valuable skills and knowledge, thereby enhancing the local workforce.
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Impact
July, 2024
Davis Technical College Foundation Inc's impact is significant in empowering individuals to change their lives through accessible technical education. By providing scholarships, equipment, and financial support to Davis Technical College students, the foundation has helped reduce tuition costs and strengthen the community by producing a more educated workforce. This directly contributes to the growth and development of individuals and the community as a whole.
This information is meant to be a general summary of Davis Technical 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 2023.
- Investment Income: $44,749
- Gross Receipts: $617,530
Assets and Liabilities:
- Total Assets: $2,069,458
- Total Liabilities: $19,913
- Net Assets: $2,049,545
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Organization Details
Phone
(801) 593-2304Principal Officer
Peter Watkins
Main Address
550 E 300 S, Kaysville, UT, 84037
Website
www.davistech.edu/foundationNTEE Category
Code: B114 - Education
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