Overview
What is Qvcc Foundation Inc?
Qvcc Foundation Inc, located in Danielson, Connecticut, is a dedicated nonprofit organization with a mission to empower residents of northeastern Connecticut by offering them the opportunity to attend Quinebaug Valley Community College, regardless of their financial circumstances. The foundation accomplishes this by raising funds and providing scholarships, financial aid, emergency funds, and financial assistance for books and student support items to students in the Windham County area. In addition, the foundation supports educational excellence, technological advancement, and professional development at the college, acting as its regional advisory council. With a small team of two employees, the Qvcc Foundation Inc plays a significant role in making higher education more accessible and enriching the community.
Official website here: www.qvcc.commnet.edu/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star rating.
The Qvcc Foundation Inc has achieved a commendable score of 97%, reflecting strong accountability and financial practices. This high rating is based solely on its performance in the Accountability & Finance beacon, underscoring the foundation's commitment to transparency and responsible management of funds. The foundation’s fiscal integrity is further exemplified by its effective use of resources, with a program expense ratio of 95.95%, indicating that most of its funds are directed towards its charitable programs.
One of the foundation's standout strengths is its governance structure, as evidenced by its fully independent board consisting of 32 members. This independence is crucial in ensuring that decisions are made in the best interest of the organization and its mission. The foundation has also established robust policies in key areas such as conflict of interest and whistleblower protection, which are essential for maintaining ethical standards and accountability.
While the overall data presents a strong case for the Qvcc Foundation Inc, it is important for potential donors and stakeholders to continually assess how effectively the foundation is meeting its goals and the impact of its programs. However, based on the current financial practices and governance, the foundation appears to be a reliable and responsible organization worthy of support.
This AI summary has been generated from information found on Charity Navigator.
Is Qvcc Foundation Inc legitimate?
Qvcc Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Qvcc 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:
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Other Salaries and Wages: $65,355
For more financial information, click here
Official website here: www.qvcc.commnet.edu/foundation
What is the mission statement of Qvcc Foundation Inc?
The Qvcc Foundation Inc's mission is geared towards raising funds to ensure that residents of northeastern Connecticut have the opportunity to attend Quinebaug Valley Community College, regardless of their income level. Beyond financial aid, the foundation also supports educational excellence, technological advancement, and professional development at the college. Furthermore, it serves as the regional advisory council to the college, providing scholarships, emergency funds, and financial aid blocks to students, as well as funding for the college's programs and the purchase of necessary student support items.
Official website here: www.qvcc.commnet.edu/foundation
Who is the CEO of Qvcc Foundation Inc?
Joseph Adiletta is the President of Qvcc Foundation Inc.
Official website here: www.qvcc.commnet.edu/foundation
What is the revenue of Qvcc Foundation Inc?
Qvcc Foundation Inc's revenue in 2023 was $482,892.
Official website here: www.qvcc.commnet.edu/foundation
Who are the executives of Qvcc Foundation Inc and what are their salaries?
The average compensation at Qvcc Foundation Inc during 2023 was $32,678. There are 2 employees and 100 volunteers at Qvcc Foundation Inc.
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Official website here: www.qvcc.commnet.edu/foundation
Where can I find the form 990 for Qvcc Foundation Inc?
Qvcc Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.qvcc.commnet.edu/foundation
Learn more at the official website: www.qvcc.commnet.edu/foundation
Mission Statement of Qvcc Foundation Inc
The Qvcc Foundation Inc is committed to raising funds that enable residents of northeastern Connecticut to attend Quinebaug Valley Community College, irrespective of their income level. This nonprofit organization's mission is multifaceted, aiming not only to provide financial aid but also to support educational excellence, technological advancement, and professional development at the college. Furthermore, the Qvcc Foundation Inc serves as a regional advisory council to the college, offering guidance and insights to enhance its operations. This year, the foundation awarded scholarships to 96 students in the Windham County area and provided the college with funds for financial aid, program running, and the purchase of books and student support items.
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Impact
July, 2024
Qvcc Foundation Inc's impact is significant in providing support to Quinebaug Valley Community College and ensuring that all residents of northeastern Connecticut have the opportunity to attend the college regardless of income. The foundation plays a crucial role in promoting educational excellence, technological advancement, and professional development at the college. Through scholarships, financial aid block grants, and emergency funds for students, the foundation enables individuals in the Windham County area to access higher education.
In the past year, Qvcc Foundation Inc awarded scholarships to 96 students, demonstrating its commitment to facilitating educational opportunities for the community. Additionally, the foundation's financial support has contributed to the running of programs, purchase of books, and provision of student support items at the college. By serving as the regional advisory council to Quinebaug Valley Community College, Qvcc Foundation Inc not only ensures access to education but also helps in enhancing the overall academic environment and resources available to students.
Overall, Qvcc Foundation Inc's efforts in supporting education and students in northeastern Connecticut are commendable and have a tangible impact on the community's educational advancement and opportunities.
This information is meant to be a general summary of Qvcc 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 2023.
- Investment Income: $142,159
- Gross Receipts: $557,439
Assets and Liabilities:
- Total Assets: $5,773,861
- Total Liabilities: $24,086
- Net Assets: $5,749,775
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Organization Details
Founding Year
1971
Phone
(860) 932-4174Principal Officer
Joseph Adiletta
Main Address
742 UPPER MAPLE STREET, DANIELSON, CT, 062391436
NTEE Category
Code: B82 - Education
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