Overview
What is Rocky River Education Foundation?
The Rocky River Education Foundation is a nonprofit organization situated in Rocky River, Ohio. With a primary focus on Rocky River High School graduating seniors, they offer college scholarships under the guidelines of various temporarily restricted funds. Their mission is to enrich and enhance the educational experience within their community, encouraging the development of specialized talents, skills, and academic achievements among students, faculty, and administrators. By continuing the educational traditions that have contributed to Rocky River's reputation as an outstanding suburban community, the foundation aims to support and uplift the educational sector in their area.
Official website here: www.rredfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Star rating.
The Rocky River Education Foundation has demonstrated solid performance in its accountability and finance practices, earning an overall score of 83%, which reflects a strong commitment to financial integrity. The foundation boasts a fully independent board with 27 members, indicating a robust governance structure. Additionally, they have a high program expense ratio of 88.43%, signifying that a significant portion of their funds directly supports educational programs.
While the foundation excels in several areas such as conflict of interest policy and material diversion of assets, it has noted shortcomings, particularly in policies related to whistleblower protections and document retention and destruction, which are currently missing. This lack of certain policies highlights potential areas for improvement in their governance practices. Overall, the Rocky River Education Foundation demonstrates a strong focus on accountability but could enhance its operational transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Rocky River Education Foundation legitimate?
Rocky River Education Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rocky River Education 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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For more financial information, click here
Official website here: www.rredfoundation.org
What is the mission statement of Rocky River Education Foundation?
The Rocky River Education Foundation's mission is centered around enhancing and enriching the educational experience within its community. The organization aims to foster the growth of specialized talents, skills, and academic achievements among students, faculty, and administrators. Additionally, it seeks to uphold the educational traditions that have helped establish Rocky River's reputation as a distinguished suburban community.
Official website here: www.rredfoundation.org
Who is the CEO of Rocky River Education Foundation?
Matt Smith is the Board Member of Rocky River Education Foundation.
Official website here: www.rredfoundation.org
What is the revenue of Rocky River Education Foundation?
Rocky River Education Foundation's revenue in 2022 was $464,616.
Official website here: www.rredfoundation.org
Who are the executives of Rocky River Education Foundation and what are their salaries?
There 26 volunteers at Rocky River Education Foundation.
Here are 26 key members and their salaries:
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Official website here: www.rredfoundation.org
Where can I find the form 990 for Rocky River Education Foundation?
Rocky River Education Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rredfoundation.org
Learn more at the official website: www.rredfoundation.org
Mission Statement of Rocky River Education Foundation
The Rocky River Education Foundation is committed to enhancing and providing an enhanced educational experience within its community. Its mission is threefold: firstly, to encourage the development of specialized talents, skills, and academic achievements among individual students, faculty, and administrators. Secondly, the foundation aims to uphold the educational traditions that have contributed to Rocky River's reputation as an outstanding suburban community. Lastly, the Rocky River Education Foundation seeks to promote further growth in these areas, thereby enriching the educational landscape.
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Impact
July, 2024
Rocky River Education Foundation's impact is significant in enriching and enhancing the educational experience in the community of Rocky River. By providing college scholarships to graduating seniors from Rocky River High School under various restricted funds, the foundation supports and encourages the development of specialized talent, skills, and academic achievements among students, faculty, and administrators. This contributes to maintaining and furthering the educational traditions that have established Rocky River as an outstanding suburban community.
This information is meant to be a general summary of Rocky River Education 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: $238,739
- Gross Receipts: $718,019
Assets and Liabilities:
- Total Assets: $1,672,096
- Total Liabilities: $0
- Net Assets: $1,672,096
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Organization Details
Founding Year
1983
Phone
(440) 333-6000Principal Officer
Matt Smith
Main Address
1101 MOREWOOD PARKWAY, ROCKY RIVER, OH, 44116
Website
www.rredfoundation.orgNTEE Category
Code: B82 - Education
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