Overview
What is Tidewater Community College Real Estate Foundation Inc?
Tidewater Community College Real Estate Foundation Inc, located at 121 College Place 5th Floor, Norfolk, VA 23510, is a nonprofit organization dedicated to supporting and enhancing the growth and welfare of Tidewater Community College. Their primary focus is on real estate matters, aiming to utilize property for the benefit of the college. Their mission is to foster and promote the college's progress, embodying a commitment to its overall well-being.
What are the reviews and ratings of this charity?
Charity Navigator Rating 90% - Four-Star out of Four Star Rating
Tidewater Community College Real Estate Foundation Inc has achieved a Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The organization's score is based entirely on its Accountability & Finance metrics, reflecting strong governance practices and financial management.
The foundation boasts a 93% majority of independent board members, showcasing a commitment to transparent and unbiased oversight. Its financial statements are subject to thorough audit and oversight, with no material diversions of assets reported. Additionally, the organization has policies in place for conflict of interest, document retention, and destruction, further enhancing its credibility.
While the foundation's program expense ratio stands at an impressive 82.80%, indicating that a significant portion of its expenses is directed toward its mission, the liabilities to assets ratio of 45.71% suggests a balanced approach to financial management. Overall, the foundation demonstrates solid practices that support its mission effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Tidewater Community College Real Estate Foundation Inc legitimate?
Tidewater Community College Real Estate Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tidewater Community College Real Estate Foundation Inc 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
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What is the mission statement of Tidewater Community College Real Estate Foundation Inc?
The Tidewater Community College Real Estate Foundation Inc's mission is centered around fostering and promoting the growth, progress, and overall well-being of Tidewater Community College. This non-profit organization aims to contribute positively to matters related to real estate property, with the ultimate goal of benefiting Tidewater Community College. Its activities are geared towards advancing the college's development and success.
Who is the CEO of Tidewater Community College Real Estate Foundation Inc?
Philip H Page Jr is the Tcc President of Tidewater Community College Real Estate Foundation Inc.
What is the revenue of Tidewater Community College Real Estate Foundation Inc?
Tidewater Community College Real Estate Foundation Inc's revenue in 2022 was $737,425.
Who are the executives of Tidewater Community College Real Estate Foundation Inc and what are their salaries?
There 15 volunteers at Tidewater Community College Real Estate Foundation Inc.
Here are 18 key members and their salaries:
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- Related: $84,238
- Other: $7,548
Where can I find the form 990 for Tidewater Community College Real Estate Foundation Inc?
Tidewater Community College Real Estate Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Tidewater Community College Real Estate Foundation Inc
Tidewater Community College Real Estate Foundation Inc is committed to fostering and promoting the growth, progress, and general welfare of Tidewater Community College. This nonprofit organization focuses on matters pertaining to real estate property, aiming to benefit the college in some capacity. By undertaking these activities, Tidewater Community College Real Estate Foundation Inc seeks to contribute to the betterment of the educational institution it supports.
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Impact
October, 2024
Tidewater Community College Real Estate Foundation Inc plays a vital role in enhancing the growth and well-being of Tidewater Community College. By focusing on matters related to real estate property, the Foundation contributes to creating an improved educational environment that benefits students and the community at large. Its efforts are directed toward fostering progress in facilities and resources that support educational excellence.
Located in Norfolk, Virginia, the Foundation's initiatives ensure that the college can effectively address its real estate needs, paving the way for expansion, modernization, and improved services. With a mission centered on promoting the college’s welfare, the Foundation significantly impacts local education, providing opportunities that extend beyond the classroom and into the broader community. Through its activities, Tidewater Community College Real Estate Foundation Inc contributes to the overall enhancement of educational accessibility and quality for current and future generations.
This information is meant to be a general summary of Tidewater Community College Real Estate Foundation Inc. 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: $39,996
- Program Service Revenue: $553,011
- Gross Receipts: $2,899,403
Assets and Liabilities:
- Total Assets: $20,873,831
- Total Liabilities: $9,542,876
- Net Assets: $11,330,955
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$553,011
Organization Details
Founding Year
2006
Phone
(757) 822-1726Principal Officer
Philip H Page Jr
Main Address
121 COLLEGE PLACE 5TH FLOOR 510, NORFOLK, VA, 23510
NTEE Category
Code: B114 - Education
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