Overview
What is Rhode Island College Foundation?
Rhode Island College Foundation is a nonprofit organization situated in Providence, Rhode Island. Its primary mission is to support the educational excellence at Rhode Island College by offering both need- and merit-based scholarships and awards to 507 students. Moreover, it assists in funding faculty programming and various initiatives. The foundation aims to encourage and receive private and public support to strengthen and expand Rhode Island College's academic standards. Additionally, it provides financial assistance for faculty research grants, capital improvements, guest lecturers, and other educational programs. With a team of ten dedicated individuals, the foundation plays a crucial role in fostering academic growth and success at Rhode Island College.
Official website here: www.ric.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Star rating)
The Rhode Island College Foundation has achieved a perfect score of 100%, reflecting its strong commitment to accountability and financial transparency. This high rating is derived entirely from the Accountability & Finance beacon, indicating that the organization meets rigorous standards in these areas, which is significant for potential donors seeking responsible charities.
One of the notable strengths of the foundation is its governance structure, featuring a fully independent board of 18 members. This independence, along with comprehensive oversight and effective policies like conflict of interest and whistleblower protections, enhances trust in the foundation’s operations. The organization has also demonstrated excellent financial health, with a low liabilities-to-assets ratio and a high program expense ratio, showing that the majority of funds are directed towards its mission.
While the foundation's financial efficiency is commendable, with only $0.09 spent on fundraising per dollar raised, potential donors may want to consider the scale of its programs and outreach. Overall, the Rhode Island College Foundation stands out as a well-managed nonprofit with robust financial practices and a clear commitment to its educational mission.
This AI summary has been generated from information found on Charity Navigator.
Is Rhode Island College Foundation legitimate?
Rhode Island College Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rhode Island 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: $110,569
Professional Fundraising Fees: $0
Other Salaries and Wages: $451,510
For more financial information, click here
Official website here: www.ric.edu
What is the mission statement of Rhode Island College Foundation?
The Rhode Island College Foundation's mission is to encourage and receive both private and public support to enhance and expand Rhode Island College's tradition of educational excellence. This support is primarily provided for scholarships, faculty research grants, capital improvements, lecturers, and various programs. The foundation plays a significant role in providing need and merit-based scholarships and awards to 507 students, as well as assisting with faculty programming. In essence, the Rhode Island College Foundation aims to bolster the college's educational pursuits through financial support.
Official website here: www.ric.edu
What is the revenue of Rhode Island College Foundation?
Rhode Island College Foundation's revenue in 2024 was $4,271,503.
Official website here: www.ric.edu
Who are the executives of Rhode Island College Foundation and what are their salaries?
The average compensation at Rhode Island College Foundation during 2024 was $56,208. There are 10 employees and 16 volunteers at Rhode Island College Foundation.
Here are 18 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $92,689
- Related: $0
- Other: $17,880
Official website here: www.ric.edu
Where can I find the form 990 for Rhode Island College Foundation?
Rhode Island College Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.ric.edu
Learn more at the official website: www.ric.edu
Mission Statement of Rhode Island College Foundation
The Rhode Island College Foundation's mission is centered around encouraging and securing both private and public support for enhancing and expanding Rhode Island College's tradition of educational excellence. This nonprofit organization plays a crucial role in providing financial assistance, primarily in the form of scholarships and awards, to 507 deserving students. Furthermore, the foundation supports faculty research grants, capital improvements, lecturers, and various programs at the college, contributing significantly to its continued educational excellence. By providing these resources, the Rhode Island College Foundation is instrumental in fostering an environment conducive to learning and research, ultimately contributing to the college's overall growth and development.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Rhode Island College Foundation's impact is significant in supporting Rhode Island College's tradition of educational excellence. By providing financial support through scholarships and awards to 507 students, the Foundation enables more individuals to access higher education and pursue their academic goals. Additionally, the Foundation's assistance with faculty programming contributes to the enhancement of educational resources and opportunities within the institution. Overall, the Foundation plays a crucial role in expanding educational excellence at Rhode Island College through its support for scholarships, faculty research grants, capital improvements, and various educational programs.
This information is meant to be a general summary of Rhode Island 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 2024.
- Investment Income: $978,136
- Gross Receipts: $10,324,123
Assets and Liabilities:
- Total Assets: $43,255,879
- Total Liabilities: $1,292,229
- Net Assets: $41,963,650
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1965
Principal Officer
Alan Tenreiro
Website
www.ric.eduNTEE Category
Code: B42I - Education
If you are a representative of Rhode Island College Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.