Overview
What is Foundation For Reading Area Community College?
The Foundation for Reading Area Community College is a nonprofit organization situated in Reading, Pennsylvania. Its primary mission is to support and enhance the educational facilities and programs of Reading Area Community College. To achieve this objective, the foundation raises, invests, and manages private funds. The ultimate goal is to make high-quality, affordable educational opportunities accessible to the wider community. The foundation plays a crucial role in safeguarding and advancing the college's educational mission.
Official website here: www.racc.edu/about/foundation.aspx
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating.
The Foundation For Reading Area Community College has achieved an impressive score of 96%, which reflects strong performance in accountability and finance. This high rating indicates that the organization adheres to sector best practices and is committed to transparency and responsible management of resources. The excellent score is derived entirely from a single beacon score, emphasizing their robust financial practices.
One of the key strengths of the foundation is its independent board, which consists entirely of independent members. This governance structure not only enhances accountability but also ensures diverse perspectives in decision-making. Additionally, the foundation has demonstrated thorough oversight with a dedicated audit and oversight committee and has established essential policies regarding conflicts of interest and whistleblower protections.
The foundation has effectively utilized its resources, with a program expense ratio of 100%, demonstrating a commitment to directly supporting its mission. Overall, the strong financial health and governance practices of the Foundation For Reading Area Community College position it as a well-managed organization in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Foundation For Reading Area Community College legitimate?
Foundation For Reading Area Community College is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation For Reading Area Community 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:
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Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.racc.edu/about/foundation.aspx
What is the mission statement of Foundation For Reading Area Community College?
The Foundation for Reading Area Community College's mission is centered around enhancing and improving the college's capacity to provide affordable, high-quality educational opportunities to the community. This is achieved by raising, investing, and managing private funds. Moreover, the foundation aims to maintain and develop the educational facilities and programs at Reading Area Community College.
Official website here: www.racc.edu/about/foundation.aspx
Who is the CEO of Foundation For Reading Area Community College?
Rebecca Iannelli is the Chair of Foundation For Reading Area Community College.
Official website here: www.racc.edu/about/foundation.aspx
What is the revenue of Foundation For Reading Area Community College?
Foundation For Reading Area Community College's revenue in 2023 was $1,876,136.
Official website here: www.racc.edu/about/foundation.aspx
Who are the executives of Foundation For Reading Area Community College and what are their salaries?
There 32 volunteers at Foundation For Reading Area Community College.
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- Related: $165,411
- Other: $72,781
Official website here: www.racc.edu/about/foundation.aspx
Where can I find the form 990 for Foundation For Reading Area Community College?
Foundation For Reading Area Community College's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.racc.edu/about/foundation.aspx
Learn more at the official website: www.racc.edu/about/foundation.aspx
Mission Statement of Foundation For Reading Area Community College
The Foundation for Reading Area Community College, in its mission, aims to enhance and augment the college's ability to provide affordable, high-quality educational opportunities to the community. By raising, investing, and managing private funds, this nonprofit organization seeks to maintain and develop the educational facilities and programs of Reading Area Community College, thereby contributing to its overall growth and success.
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Impact
October, 2024
The Foundation for Reading Area Community College plays a crucial role in enhancing educational opportunities in the community by raising, investing, and managing private funds dedicated to the college. This support is vital for maintaining and developing the college's facilities and programs, ensuring that students have access to affordable, high-quality education. By augmenting the college's resources, the Foundation helps foster an environment where learners can thrive, contribute to their communities, and pursue their academic and professional goals. Its efforts directly impact the quality of education available in Reading, PA, promoting lifelong learning and workforce development within the region.
This information is meant to be a general summary of Foundation For Reading Area Community 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 2023.
- Investment Income: $262,232
- Gross Receipts: $1,961,595
Assets and Liabilities:
- Total Assets: $25,439,059
- Total Liabilities: $2,500
- Net Assets: $25,436,559
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Organization Details
Founding Year
1981
Phone
(610) 607-6239Principal Officer
Rebecca Iannelli
Main Address
PO BOX 1706, READING, PA, 196031706
NTEE Category
Code: B41I - Education
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