Overview
What is Lake Washington College Foundation C/O Lake Wa Institute Of Technology?
Lake Washington College Foundation C/O Lake Wa Institute of Technology is a charitable organization, headquartered in Kirkland, Washington. Its primary mission is to augment the financial resources of Lake Washington Institute of Technology, contributing to its pursuit of educational excellence. Through individual, corporate, and community partnerships, the foundation extends the financial basis for quality education beyond legislative funding. In 2022, the foundation distributed over half a million dollars in contributions to support students, demonstrating its commitment to the educational community.
Official website here: www.lwtech.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%, Four-Star out of Four Star rating. This high score reflects the Lake Washington College Foundation's strong performance in accountability and finance, earning a perfect score in various categories, including independent board governance and financial oversight. The organization demonstrates a commitment to transparency and responsible financial management.
One of the notable strengths of the foundation is its entirely independent board, which consists of 16 members. This independence enhances the integrity of decision-making processes and overall governance. Additionally, the organization has achieved a high program expense ratio of 86.72%, indicating that a significant portion of its funds is directed toward its programs rather than administrative costs.
However, the foundation does have a limitation regarding its whistleblower policy, which is currently missing. This absence could be a potential concern for accountability and transparency, as such policies are crucial for protecting those who report unethical behavior. Overall, the foundation shows strong financial health but may need to address this gap in its policies to enhance its governance framework further.
This AI summary has been generated from information found on Charity Navigator.
Is Lake Washington College Foundation C/O Lake Wa Institute Of Technology legitimate?
Lake Washington College Foundation C/O Lake Wa Institute Of Technology is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Washington College Foundation C/O Lake Wa Institute Of Technology 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.lwtech.edu
What is the mission statement of Lake Washington College Foundation C/O Lake Wa Institute Of Technology?
The Lake Washington College Foundation, affiliated with Lake Wa Institute of Technology, aims to provide the necessary margin of support for the institution to achieve educational excellence and expand its financial basis beyond legislative funding. This is accomplished through fostering partnerships with individuals, corporations, and the community. The foundation's mission is to bridge the gap in funding, thereby enhancing the quality of education that legislative funds may not fully cover. The foundation receives contributions from various donors and distributes these funds to students, as demonstrated by the $590,000 awarded to students in 2022.
Official website here: www.lwtech.edu
Who is the CEO of Lake Washington College Foundation C/O Lake Wa Institute Of Technology?
Bill Shelby is the President & Scholarship Chair of Lake Washington College Foundation C/O Lake Wa Institute Of Technology.
Official website here: www.lwtech.edu
What is the revenue of Lake Washington College Foundation C/O Lake Wa Institute Of Technology?
Lake Washington College Foundation C/O Lake Wa Institute Of Technology's revenue in 2022 was $961,366.
Official website here: www.lwtech.edu
Who are the executives of Lake Washington College Foundation C/O Lake Wa Institute Of Technology and what are their salaries?
There 14 volunteers at Lake Washington College Foundation C/O Lake Wa Institute Of Technology.
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Official website here: www.lwtech.edu
Where can I find the form 990 for Lake Washington College Foundation C/O Lake Wa Institute Of Technology?
Lake Washington College Foundation C/O Lake Wa Institute Of Technology's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lwtech.edu
Learn more at the official website: www.lwtech.edu
Mission Statement of Lake Washington College Foundation C/O Lake Wa Institute Of Technology
Lake Washington College Foundation, a vital entity associated with Lake Wa Institute of Technology, exists to provide an additional layer of financial support necessary for the institution to attain educational excellence and extend its financial foundation beyond what legislative funding can offer. This support comes from individual, corporate, and community partnerships. The foundation's mission is to bridge the gap between the institutional needs and the financial resources available, thereby enabling Lake Wa Institute of Technology to uphold a standard of quality that surpasses what is legally funded. By doing so, the foundation plays a crucial role in enriching the educational experience of students and expanding the institute's capacity to deliver high-quality education. In 2022, the foundation awarded over half a million dollars to students, demonstrating its commitment to empowering students financially and academically.
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Impact
July, 2024
Lake Washington College Foundation, operating through Lake Washington Institute of Technology, plays a vital role in enhancing educational excellence and expanding the financial basis for quality beyond legislative funding. Through individual, corporate, and community partnerships, the Foundation receives various contributions from donors and allocates these donations to deserving students. In 2022 alone, the Foundation awarded over $590,000 in support to students, enabling them to pursue their educational goals and aspirations. This significant financial assistance positively impacts the lives of students, helping them access higher education and ultimately contributing to the development of a skilled workforce.
This information is meant to be a general summary of Lake Washington College Foundation C/O Lake Wa Institute Of Technology. 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: $141,000
- Program Service Revenue: $3,500
- Gross Receipts: $1,801,127
Assets and Liabilities:
- Total Assets: $4,586,150
- Total Liabilities: $0
- Net Assets: $4,586,150
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$2,000
ESPRESSO CART REVENUE
Revenue
$1,500
Organization Details
Founding Year
1949
Phone
(425) 739-8391Principal Officer
Bill Shelby
Main Address
11605 132 AVE NE W205C, KIRKLAND, WA, 98034
Website
www.lwtech.eduNTEE Category
Code: Z99Z - Unknown
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