Overview
What is Three Rivers College Foundation?
The Three Rivers College Foundation is a nonprofit organization situated in Norwich, Connecticut. Their primary mission is to support the educational endeavors of Connecticut State Community College. They achieve this by providing scholarships and awards to deserving students, funding programs in nursing, manufacturing, workforce, and community education, sponsoring program initiatives, facilitating professional development, and hosting cultural and fine arts programs. Furthermore, the foundation works towards long-term sustainability for the college by continuously growing its endowment. In addition to these roles, the Three Rivers College Foundation supports the college's staff and faculty financially through fundraising and development efforts.
Official website here: www.threerivers.edu/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
The Three Rivers College Foundation has achieved an impressive Four-Star rating from Charity Navigator, reflecting strong accountability and financial health. With a 92% score in the Accountability & Finance category, the foundation demonstrates robust practices in governance and transparency. The organization boasts a fully independent board, which is crucial for impartial decision-making, and it has a solid track record of financial oversight with no material diversion of assets noted.
Strengths of the foundation include an excellent program expense ratio of 85.43%, indicating that a significant portion of its resources is directed toward its mission-related activities. The foundation also adheres to best practices by maintaining a conflict of interest and whistleblower policy, as well as documenting board meeting minutes, which supports accountability and ethical governance. Additionally, the foundation’s liabilities to assets ratio of 0.00% suggests a very stable financial position with no debt.
While the data points to many strengths, it is important for potential donors and supporters to continue monitoring the foundation's activities and financials over time to ensure sustained transparency and impact. Overall, the Three Rivers College Foundation represents a trustworthy choice for those looking to contribute to educational initiatives in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Three Rivers College Foundation legitimate?
Three Rivers College Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Three Rivers 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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Official website here: www.threerivers.edu/
What is the mission statement of Three Rivers College Foundation?
The Three Rivers College Foundation's mission is to support the educational endeavors of the college. This support is primarily achieved through fundraising and development efforts. The foundation performs various functions for the college, including providing financial assistance to deserving students, funding programs in nursing, manufacturing, workforce, and community education, sponsoring initiative programs, facilitating professional development, and supporting cultural and fine arts programs. Furthermore, the foundation works to grow its endowment to ensure long-term sustainability for the college.
Official website here: www.threerivers.edu/
Who is the CEO of Three Rivers College Foundation?
Mark Tramontozzi Md is the President of Three Rivers College Foundation.
Official website here: www.threerivers.edu/
What is the revenue of Three Rivers College Foundation?
Three Rivers College Foundation's revenue in 2023 was $624,399.
Official website here: www.threerivers.edu/
Who are the executives of Three Rivers College Foundation and what are their salaries?
There 24 volunteers at Three Rivers College Foundation.
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Official website here: www.threerivers.edu/
Where can I find the form 990 for Three Rivers College Foundation?
Three Rivers College Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.threerivers.edu/
Learn more at the official website: www.threerivers.edu/
Mission Statement of Three Rivers College Foundation
Three Rivers College Foundation, a dedicated nonprofit organization, is committed to supporting the educational endeavors of a community college. In pursuit of this mission, the foundation engages in fundraising and development efforts to provide financial assistance to the college, its staff, and faculty. This role encompasses various functions for the institution, including scholarship and award provision for deserving students, funding for programs in nursing, manufacturing, workforce, and community education, as well as sponsoring program initiatives. Furthermore, the foundation supports professional development, cultural and fine arts programs, and endeavors to grow its endowment to ensure long-term sustainability for the college.
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Impact
July, 2024
The Three Rivers College Foundation's impact is significant in supporting the educational efforts of the CT State Community College. Through scholarships and awards, funded programs for nursing, manufacturing, workforce, and community education, as well as sponsored program initiatives, professional development, and cultural and fine arts programs, the foundation plays a vital role in fostering student success and enhancing educational opportunities. By growing the endowment for long-term sustainability, the foundation ensures that the college can continue to provide quality education and support its staff and faculty.
This information is meant to be a general summary of Three Rivers 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 2023.
- Investment Income: $174,419
- Gross Receipts: $2,552,440
Assets and Liabilities:
- Total Assets: $6,286,179
- Total Liabilities: $0
- Net Assets: $6,286,179
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Organization Details
Founding Year
1973
Phone
(860) 215-9207Principal Officer
Mark Tramontozzi Md
Main Address
574 NEW LONDON TURNPIKE, NORWICH, CT, 06360
Website
www.threerivers.edu/NTEE Category
Code: B82 - Education
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