Overview
What is Rock Valley College Foundation?
The Rock Valley College Foundation is a nonprofit organization situated in Rockford, Illinois, specifically at 3301 North Mulford Road, 61114. Its primary role is to offer support to Rock Valley College and its students. This assistance takes various forms, including granting funds to different departments within the college, providing scholarships to enrolled students, and transferring non-cash donations to appropriate sectors. In the fiscal year ending on June 30, 2022, the foundation awarded scholarships and emergency relief aid to 192 Rock Valley College students, totaling $381,844.
Official website here: www.rockvalleycollege.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating 90% - Four-Star out of Four Star rating
The Rock Valley College Foundation has received a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The overall score is based primarily on a perfect accountability and finance score of 90%, demonstrating the organization's commitment to transparency and effective management of its resources. The foundation boasts an independent board composed entirely of independent members, which enhances governance and decision-making.
Strengths highlighted in the rating include a robust financial oversight mechanism, with no material diversion of assets and a strong liability-to-assets ratio of 4.40%. Furthermore, the foundation demonstrates excellent fundraising efficiency, requiring only $0.07 to raise a dollar, indicative of its effective fundraising strategies. The presence of well-documented policies, including conflict of interest and whistleblower policies, further underscores its commitment to ethical practices.
However, the foundation's program expense ratio stands at 61.84%, which, while decent, suggests potential areas for improvement in allocating resources directly toward its programs. Overall, the Rock Valley College Foundation shows a solid commitment to financial health and accountability, making it a reputable choice for donors seeking to support educational initiatives.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Rock Valley College Foundation?
88% of 402 reviewers on Facebook recommend the Rock Valley College Foundation. Here is a summary of their reviews:
Many users express satisfaction with the variety of classes offered, emphasizing that these opportunities are valuable for both career advancement and personal growth. The nonprofit is often praised for its commitment to education and enhancing the community.
Overall, the sentiment leans positively, as many reviewers appreciate the foundation's role in helping individuals achieve their goals through accessible and meaningful educational programs.
This AI summary has been generated from reviews found on Facebook.
Is Rock Valley College Foundation legitimate?
Rock Valley College Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rock Valley 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $228,504
For more financial information, click here
Official website here: www.rockvalleycollege.edu
What is the mission statement of Rock Valley College Foundation?
The Rock Valley College Foundation's mission is centered around providing support to Rock Valley College and its students. This support extends to various departments through grants, funding for scholarships, and transfers of non-cash donations. The foundation plays a significant role in the college community, granting scholarships and emergency relief awards to a total of 192 students during the year ending June 30, 2022, amounting to $381,844. By offering these resources, the Rock Valley College Foundation endeavors to contribute positively to the educational experiences and well-being of its students.
Official website here: www.rockvalleycollege.edu
Who is the CEO of Rock Valley College Foundation?
Brittany Freiberg is the Chief Development Officer of Rock Valley College Foundation.
Official website here: www.rockvalleycollege.edu
What is the revenue of Rock Valley College Foundation?
Rock Valley College Foundation's revenue in 2022 was $2,227,378.
Official website here: www.rockvalleycollege.edu
Who are the executives of Rock Valley College Foundation and what are their salaries?
There 16 volunteers at Rock Valley College Foundation.
Here are 19 key members and their salaries:
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Official website here: www.rockvalleycollege.edu
Where can I find the form 990 for Rock Valley College Foundation?
Rock Valley College Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rockvalleycollege.edu
Learn more at the official website: www.rockvalleycollege.edu
Mission Statement of Rock Valley College Foundation
The Rock Valley College Foundation plays a crucial role in supporting Rock Valley College and its students. Its mission is centered around providing assistance to the college in various ways. This includes granting funds to various departments within the college, offering scholarships to deserving students attending Rock Valley College, and transferring non-cash donations to appropriate departments. The Foundation's contributions aim to enhance the overall academic and financial wellbeing of the college and its students.
During the year ending June 30, 2022, the Rock Valley College Foundation extended its support to 192 students attending the college. The assistance provided amounted to a substantial sum of $381,844, primarily in the form of scholarships and emergency relief awards. This financial aid has undoubtedly helped numerous students in overcoming financial hurdles, enabling them to focus on their studies and pursue their academic goals. The Foundation's commitment to supporting Rock Valley College and its students is evident in the significant impact it has made in the lives of these students.
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Impact
October, 2024
The Rock Valley College Foundation significantly impacts students and the broader college community by providing vital financial support. In the year ending June 30, 2022, the foundation awarded scholarships and emergency relief funds totaling $381,844 to 192 students. This investment in education not only alleviates financial burdens but also enhances access to higher learning and opportunities for personal and professional development. Additionally, the foundation supports various college departments through grants and facilitates non-cash donations, fostering a robust educational environment at Rock Valley College in Rockford, IL.
This information is meant to be a general summary of Rock Valley 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: $442,835
- Gross Receipts: $2,580,555
Assets and Liabilities:
- Total Assets: $15,832,349
- Total Liabilities: $198,608
- Net Assets: $15,633,741
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Organization Details
Founding Year
1979
Phone
(815) 921-4505Principal Officer
Brittany Freiberg
Main Address
3301 NORTH MULFORD ROAD, ROCKFORD, IL, 61114
Website
www.rockvalleycollege.eduNTEE Category
Code: B42I - Education
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