Overview
What is South Seattle College Foundation?
South Seattle College Foundation is a nonprofit organization based in Seattle, Washington, with a focus on promoting student success and retention. They achieve this by offering scholarships and other forms of support to 267 unique students annually. The foundation's mission is to enhance lives by providing financial assistance for quality academic and vocational education. They accomplish this through relationship building, fundraising, and resource stewardship, ultimately aiming to empower students to pursue their educational goals.
Official website here: www.southseattlecollegefoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star Rating)
The South Seattle College Foundation has achieved an impressive four-star rating from Charity Navigator, indicating a strong commitment to accountability and transparency. With a perfect score in key areas such as independent board membership and financial oversight, the foundation demonstrates robust governance practices. This highlights their commitment to maintaining a high standard in managing donations and ensuring funds are utilized effectively.
The foundation's program expense ratio stands at 78.09%, reflecting a focused investment in its programs and initiatives, which directly benefit the community it serves. Additionally, the low liabilities to assets ratio of 1.52% signifies a solid financial position, reducing concerns over debt and enhancing the foundation's stability.
While the foundation has robust policies in place, including conflict of interest and whistleblower protections, continuous improvement in strategic execution remains vital for sustaining its mission. Overall, the South Seattle College Foundation exemplifies a well-managed nonprofit, effectively channeling resources to support its objectives in higher education.
This AI summary has been generated from information found on Charity Navigator.
Is South Seattle College Foundation legitimate?
South Seattle College Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. South Seattle 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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Official website here: www.southseattlecollegefoundation.org
What is the mission statement of South Seattle College Foundation?
The South Seattle College Foundation's mission is centered around transforming lives by offering scholarships to students. This allows them to engage in high-quality academic and vocational education. The foundation achieves this mission through strategic relationship building, fundraising, and resource stewardship. One of their primary aims is to promote student success and retention at the college. In 2022, the foundation provided scholarships and support to 267 unique students.
Official website here: www.southseattlecollegefoundation.org
Who is the CEO of South Seattle College Foundation?
Walter Reese is the Director of South Seattle College Foundation.
Official website here: www.southseattlecollegefoundation.org
What is the revenue of South Seattle College Foundation?
South Seattle College Foundation's revenue in 2022 was $1,340,259.
Official website here: www.southseattlecollegefoundation.org
Who are the executives of South Seattle College Foundation and what are their salaries?
Here are 13 key members and their salaries:
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Official website here: www.southseattlecollegefoundation.org
Where can I find the form 990 for South Seattle College Foundation?
South Seattle College Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.southseattlecollegefoundation.org
Learn more at the official website: www.southseattlecollegefoundation.org
Mission Statement of South Seattle College Foundation
The South Seattle College Foundation's mission, in essence, is geared towards transforming lives by offering scholarships to students. This is done with a focus on enabling them to pursue both academic and vocational education. The organization accomplishes this mission through the strategic approaches of relationship building, fundraising, and resource stewardship. By providing scholarships and other forms of support, the South Seattle College Foundation aims to encourage student success, retention, completion, and academic transfer. In the year 2022 alone, the foundation extended scholarships and assistance to 267 unique students.
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Impact
July, 2024
South Seattle College Foundation's impact is evident in the lives it changes by providing students with scholarships to pursue quality academic and vocational education. By supporting student success, retention, completion, and academic transfer, the Foundation has made a difference for 267 unique students in 2022 alone. Through relationship building, fundraising, and stewarding resources, the Foundation is making a tangible impact in Seattle and beyond, helping individuals achieve their academic and career goals.
This information is meant to be a general summary of South Seattle 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: $1,079,847
- Gross Receipts: $5,248,879
Assets and Liabilities:
- Total Assets: $21,839,917
- Total Liabilities: $332,983
- Net Assets: $21,506,934
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Organization Details
Founding Year
1978
Phone
(206) 930-7927Principal Officer
Walter Reese
Main Address
PO BOX 15450, SEATTLE, WA, 98115
NTEE Category
Code: B41I - Education
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