Overview
What is Bellingham Technical College Foundation?
The Bellingham Technical College Foundation is a nonprofit organization situated in Bellingham, Washington. Their primary mission is to boost educational opportunities at Bellingham Technical College. They achieve this by providing scholarships and resources to students and faculty, including financial aid, computers, software, musical instruments, vehicles, and vehicle parts. The foundation aims to enhance the overall instructional programs at the college, thereby contributing to the growth and development of its students and faculty.
Official website here: www.btcfound.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star rating
The Bellingham Technical College Foundation has achieved an impressive 97% rating, reflecting its strong commitment to accountability and finance. This high score is based entirely on a single beacon score, indicating the organization's robust financial practices and governance. With a board composed entirely of independent members, the foundation demonstrates a commitment to transparency and ethical financial management.
Strengths highlighted in the rating include a 100% independent board, a strong audit and oversight committee, and no material diversion of assets. The foundation also maintains excellent financial ratios, with an 83.86% program expense ratio, which indicates that a significant portion of its expenditures directly supports its mission. The organization has effectively managed its liabilities, boasting a 4.68% liabilities-to-assets ratio and an impressive 7.48 years in working capital.
However, one limitation noted is the fundraising efficiency ratio, which earned a score of $0.01, suggesting that the organization may not be as effective in fundraising relative to its expenses. Despite this, the foundation's overall financial health and governance practices remain strong, making it a noteworthy nonprofit in its sector.
This AI summary has been generated from information found on Charity Navigator.
Is Bellingham Technical College Foundation legitimate?
Bellingham Technical College Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bellingham 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.btcfound.org
What is the mission statement of Bellingham Technical College Foundation?
The Bellingham Technical College Foundation's mission is centered around enhancing the educational experience at Bellingham Technical College. This is achieved by providing various forms of support to students and faculty. This assistance takes the shape of scholarships, as well as practical resources such as computers, software, instrumental equipment, vehicles, and vehicle parts. The primary objective is to elevate and improve the instructional programs offered at the college.
Official website here: www.btcfound.org
Who is the CEO of Bellingham Technical College Foundation?
Mike Burke is the Board President of Bellingham Technical College Foundation.
Official website here: www.btcfound.org
What is the revenue of Bellingham Technical College Foundation?
Bellingham Technical College Foundation's revenue in 2022 was $1,156,342.
Official website here: www.btcfound.org
Who are the executives of Bellingham Technical College Foundation and what are their salaries?
There 18 volunteers at Bellingham Technical College Foundation.
Here are 19 key members and their salaries:
- Compensation: $100,790
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Official website here: www.btcfound.org
Where can I find the form 990 for Bellingham Technical College Foundation?
Bellingham Technical College Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.btcfound.org
Learn more at the official website: www.btcfound.org
Mission Statement of Bellingham Technical College Foundation
The Bellingham Technical College Foundation is dedicated to enriching the educational programs at Bellingham Technical College. In pursuit of this mission, the foundation provides various forms of support to both students and faculty. This assistance takes the shape of scholarships, as well as enhancements in the form of financial aid in the form of cash, technological resources such as computers and software, essential equipment like musical instruments, and even vehicles and vehicle components. By offering these resources, the Bellingham Technical College Foundation aims to enhance the learning experience and opportunities available to those within the academic community.
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Impact
July, 2024
Bellingham Technical College Foundation enhances instructional programs at Bellingham Technical College by providing students and faculty with scholarships and program enhancements. This support comes in the form of cash, computers, software, instrumental equipment, vehicles, and vehicle parts. Through these contributions, the foundation positively impacts the education and development of individuals in Bellingham, Washington.
This information is meant to be a general summary of Bellingham 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: $114,084
- Gross Receipts: $1,177,486
Assets and Liabilities:
- Total Assets: $5,243,801
- Total Liabilities: $35,432
- Net Assets: $5,208,369
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Organization Details
Founding Year
1998
Phone
(360) 752-8470Principal Officer
Mike Burke
Main Address
3028 Lindbergh Avenue, Bellingham, WA, 98225
Website
www.btcfound.orgNTEE Category
Code: B99Z - Education
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