Overview
What is Raritan Valley Community College Foundation?
Raritan Valley Community College Foundation is a charitable organization situated in Somerville, New Jersey. Its primary objective is to generate funds beyond public tuition sources, exceeding the college's financial needs. The foundation's mission is to promote awareness of the institution and utilize these funds to ensure affordable, accessible, and high-quality educational and cultural experiences for the local community. The foundation's activities encompass supporting the college's 6,688 students, aiming to enhance their learning experience by providing additional educational resources.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90%, Four-Star out of Four Star rating
The Raritan Valley Community College Foundation has achieved a strong 90% score, earning a Four-Star rating based entirely on its Accountability & Finance. This indicates a solid commitment to financial transparency and responsible governance. With a high percentage of independent board members and a comprehensive auditing process in place, the foundation demonstrates robust oversight of its financial practices.
The foundation's Accountability & Finance score reflects its effective management of funds, with an impressive program expense ratio of 84.77%, indicating that a significant portion of its expenses directly supports its mission. Additionally, the foundation maintains policies such as conflict of interest and whistleblower protections, ensuring ethical operations and safeguarding against potential misconduct.
While the foundation showcases many strengths, the data does not highlight specific programmatic outcomes or community impact, which could provide a more well-rounded view of its effectiveness in achieving its mission. Overall, the Raritan Valley Community College Foundation stands out for its financial integrity and operational transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Raritan Valley Community College Foundation legitimate?
Raritan Valley Community College Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Raritan Valley Community 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.
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What is the mission statement of Raritan Valley Community College Foundation?
The Raritan Valley Community College Foundation's mission involves raising funds beyond public tuition sources and promoting awareness of the institution. These funds are then utilized to support the college in providing affordable, accessible, and high-quality educational and cultural experiences to the community. The foundation's activities primarily focus on assisting the students of Raritan Valley Community College, totaling 6,688 individuals. The primary objective is to enhance the educational opportunities available to the community.
Who is the CEO of Raritan Valley Community College Foundation?
John Trojan is the Chair of Raritan Valley Community College Foundation.
What is the revenue of Raritan Valley Community College Foundation?
Raritan Valley Community College Foundation's revenue in 2022 was $959,485.
Who are the executives of Raritan Valley Community College Foundation and what are their salaries?
There 120 volunteers at Raritan Valley Community College Foundation.
Here are 27 key members and their salaries:
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- Related: $168,169
- Other: $35,595
Where can I find the form 990 for Raritan Valley Community College Foundation?
Raritan Valley Community College Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Raritan Valley Community College Foundation
The Raritan Valley Community College Foundation's mission is centered around raising funds beyond public tuition sources and promoting awareness of the institution. This nonprofit organization utilizes these funds to support Raritan Valley Community College in providing affordable, accessible, and high-quality educational and cultural experiences to the community. The Foundation's primary goal is to assist the college in enriching the lives of its 6,688 students through various educational activities.
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Impact
October, 2024
Raritan Valley Community College Foundation plays a crucial role in enhancing the educational landscape and community engagement at Raritan Valley Community College. By raising funds beyond public tuition sources, the foundation enables the college to offer affordable and accessible quality educational experiences to its 6,688 students.
These resources are essential for providing a well-rounded education and fostering cultural growth within the community. The foundation not only supports various educational activities but also promotes awareness of the college's mission and offerings, ensuring that a wider audience recognizes the value of accessible education. Through its efforts, the foundation significantly contributes to the enrichment of the community in Somerville, NJ, creating opportunities for personal and academic growth among students.
This information is meant to be a general summary of Raritan Valley Community 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 2022.
- Investment Income: $135,886
- Gross Receipts: $1,409,095
Assets and Liabilities:
- Total Assets: $4,929,209
- Total Liabilities: $49,737
- Net Assets: $4,879,472
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Organization Details
Founding Year
1971
Phone
(908) 526-1200Principal Officer
John Trojan
Main Address
PO BOX 3300, SOMERVILLE, NJ, 08876
NTEE Category
Code: B41I - Education
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