Overview
What is Sussex Educational Foundation Inc C/O Berkeley College?
Sussex Educational Foundation Inc, in association with Berkeley College, is a nonprofit organization situated in Woodland Park, New Jersey. The foundation's primary goal is to provide affordable residential facilities for students enrolled in educational institutions, ensuring accessibility to such accommodations that may not be readily available otherwise. In addition, the foundation extends its support by granting funds to charitable organizations that contribute to the advancement of educational opportunities for aspiring entrepreneurs, thereby fostering their startups.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
The Sussex Educational Foundation Inc C/O Berkeley College has achieved a strong 94% rating from Charity Navigator, reflecting its robust accountability and financial health. This high score is derived entirely from its impressive performance in the Accountability & Finance beacon, indicating a well-managed organization with a commitment to transparency and responsible fiscal practices.
Key strengths of the organization include a fully independent board, with all members meeting the criteria for independence, as well as a high program expense ratio of 99.58%, showing that nearly all funds are directed towards their charitable programs. Additionally, the foundation has established comprehensive policies regarding conflicts of interest, whistleblower protections, and document retention, contributing to its sound governance practices.
Despite these strengths, the data does not indicate any notable weaknesses or issues in governance or financial management. Overall, the Sussex Educational Foundation Inc demonstrates a commendable commitment to fulfilling its mission while maintaining strong operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Sussex Educational Foundation Inc C/O Berkeley College legitimate?
Sussex Educational Foundation Inc C/O Berkeley College is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sussex Educational Foundation Inc C/O Berkeley College 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 Sussex Educational Foundation Inc C/O Berkeley College?
The Sussex Educational Foundation Inc, in its mission, focuses on providing grants to charitable organizations. These organizations are specifically targeted due to their commitment to expanding educational opportunities for budding entrepreneurs. By offering these grants, the foundation aims to foster an environment that encourages innovation and growth within the entrepreneurial sphere. The foundation's activities are rooted in the belief that educational opportunities should be accessible to all, even when conventional means may fall short. This mission aligns with its initial purpose, which was to provide residential facilities for students at affordable prices, a service not readily available elsewhere.
Who is the CEO of Sussex Educational Foundation Inc C/O Berkeley College?
Stephen Rutkowski is the Deceased 8/8/22 of Sussex Educational Foundation Inc C/O Berkeley College.
What is the revenue of Sussex Educational Foundation Inc C/O Berkeley College?
Sussex Educational Foundation Inc C/O Berkeley College's revenue in 2022 was $116,958.
Who are the executives of Sussex Educational Foundation Inc C/O Berkeley College and what are their salaries?
There 4 volunteers at Sussex Educational Foundation Inc C/O Berkeley College.
Here are 5 key members and their salaries:
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Where can I find the form 990 for Sussex Educational Foundation Inc C/O Berkeley College?
Sussex Educational Foundation Inc C/O Berkeley College's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Sussex Educational Foundation Inc C/O Berkeley College
Sussex Educational Foundation Inc C/O Berkeley College is a charitable organization with a mission to provide grants to other organizations that aim to enhance the educational opportunities for budding entrepreneurs. By offering financial aid, this foundation seeks to foster an environment that nurtures the growth of start-up businesses, thereby contributing to the broader educational landscape. The foundation's objective is to make educational resources more accessible to aspiring entrepreneurs, ensuring that they have the necessary tools to turn their ideas into viable ventures. This mission aligns with the foundation's belief that education plays a critical role in fostering innovation and economic growth.
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Impact
October, 2024
Sussex Educational Foundation Inc C/O Berkeley College significantly enhances educational opportunities for start-up entrepreneurs by providing essential grants to charitable organizations focused on this mission. With a commitment to fostering innovation and entrepreneurship, the foundation supports initiatives that empower aspiring business leaders through access to resources, training, and mentorship.
Additionally, it addresses the critical need for affordable residential facilities for students, ensuring that financial barriers do not impede access to education. By prioritizing these areas, the foundation not only cultivates a supportive environment for emerging entrepreneurs but also contributes to the overall economic development of the community in Woodland Park, NJ. Its multifaceted approach promotes educational attainment and encourages a new generation of entrepreneurs to thrive.
This information is meant to be a general summary of Sussex Educational Foundation Inc C/O Berkeley College. 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: $116,958
- Gross Receipts: $116,958
Assets and Liabilities:
- Total Assets: $4,519,734
- Total Liabilities: $321
- Net Assets: $4,519,413
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Organization Details
Founding Year
1996
Phone
(862) 437-8515Principal Officer
Stephen Rutkowski
Main Address
44 RIFLE CAMP ROAD, WOODLAND PARK, NJ, 07424
NTEE Category
Code: T30 - Philanthropy
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