Overview
What is Clover Park Technical College Foundation?
The Clover Park Technical College Foundation is a charitable organization situated in Lakewood, Washington, specifically at 4500 Steilacoom Blvd SW, 98499. Their primary mission is to support the education of future workforce by providing financial aid in the form of scholarships for tuition, textbooks, and necessary supplies to students. Additionally, they recognize and honor outstanding staff and faculty members at the college through awards, recognizing their dedication and commitment to their roles. The foundation's overarching goal is to assist students and programs at Clover Park Technical College.
Official website here: www.cptc.edu/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 98%, Four-Star out of Four Star rating.
Clover Park Technical College Foundation has achieved a strong 98% rating, reflecting its high standards in accountability and finance. The foundation boasts a perfect score of 100 for accountability, showcasing the effectiveness of its governance, which features a fully independent board of directors. The organization also demonstrates transparency with a clear conflict of interest policy and a comprehensive whistleblower policy.
In terms of financial health, the foundation maintains a low liabilities to assets ratio of 0.06% and allocates 83.5% of its expenses directly to programs, indicating a strong commitment to its mission. The high program expense ratio reinforces the foundation's focus on impact rather than administrative costs. User feedback and ratings suggest that the foundation is well-regarded in its community, although the cultural and community impact score is slightly lower at 79, hinting at areas for potential improvement in community engagement and equity strategies.
Overall, the Clover Park Technical College Foundation exemplifies effective nonprofit practices, with strong financial management and governance. While it excels in many areas, enhancing its cultural and community impact could further strengthen its mission and outreach efforts.
This AI summary has been generated from information found on Charity Navigator.
Is Clover Park Technical College Foundation legitimate?
Clover Park Technical College Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Clover Park Technical 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.cptc.edu/foundation
What is the mission statement of Clover Park Technical College Foundation?
The Clover Park Technical College Foundation's mission is to support the educational pursuits of students and programs at Clover Park Technical College. This is achieved through the provision of scholarships to cover tuition, textbooks, and supplies. Moreover, the foundation recognizes and rewards outstanding work and commitment among the college's staff and faculty with awards. In essence, the foundation's role is to ensure the availability of opportunities for tomorrow's workforce by assisting the students and programs of Clover Park Technical College.
Official website here: www.cptc.edu/foundation
Who is the CEO of Clover Park Technical College Foundation?
Cathy Purcella is the Director of Clover Park Technical College Foundation.
Official website here: www.cptc.edu/foundation
What is the revenue of Clover Park Technical College Foundation?
Clover Park Technical College Foundation's revenue in 2022 was $480,771.
Official website here: www.cptc.edu/foundation
Who are the executives of Clover Park Technical College Foundation and what are their salaries?
There 10 volunteers at Clover Park Technical College Foundation.
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Official website here: www.cptc.edu/foundation
Where can I find the form 990 for Clover Park Technical College Foundation?
Clover Park Technical College Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cptc.edu/foundation
Learn more at the official website: www.cptc.edu/foundation
Mission Statement of Clover Park Technical College Foundation
The Clover Park Technical College Foundation, in its mission, strives to ensure the opportunity for the education of the future workforce. This nonprofit organization is committed to aiding students and programs at Clover Park Technical College. To accomplish this, they provide scholarships to students to cover tuition, textbooks, and essential supplies. Furthermore, they honor distinguished staff and faculty members with awards, recognizing their exceptional work and dedication to their roles.
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Impact
July, 2024
Clover Park Technical College Foundation's impact is significant in ensuring the opportunity for the education of tomorrow's workforce. By providing scholarships to students for tuition, books, and supplies, as well as recognizing the outstanding work and commitment of staff and faculty through awards, the foundation plays a key role in supporting Clover Park Technical College students and programs in Lakewood, WA.
This information is meant to be a general summary of Clover Park Technical 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: $39,156
- Program Service Revenue: $13,448
- Gross Receipts: $492,392
Assets and Liabilities:
- Total Assets: $2,696,593
- Total Liabilities: $1,750
- Net Assets: $2,694,843
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
VENDING MACHING INCOME
Revenue
$7,149
PROGRAM INCOME
Revenue
$6,299
Organization Details
Founding Year
1993
Phone
(253) 589-5782Principal Officer
Cathy Purcella
Main Address
4500 STEILACOOM BLVD SW, LAKEWOOD, WA, 984994004
Website
www.cptc.edu/foundationNTEE Category
Code: Z99Z - Unknown
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