Overview
What is Rend Lake College Foundation?
Rend Lake College Foundation is a nonprofit organization situated in Ina, Illinois, specifically at 468 North Ken Gray Parkway, 62846. Their primary mission is to award scholarships to deserving students attending Rend Lake College, thereby enriching the cultural landscape of the college and benefiting local residents. With a small team of dedicated individuals, the foundation aims to financially support students in pursuit of their education, thereby contributing positively to the community.
Official website here: www.rlc.edu/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (73%)
The Rend Lake College Foundation holds a two-star rating from Charity Navigator, indicating a need for improvement in its operational practices and transparency. The organization has received a solid score of 73% for its accountability and finance metrics, showcasing strengths such as having a fully independent board, with 20 members, which enhances governance and oversight.
Despite these strengths, the foundation faces significant limitations related to documentation and transparency. It has not provided financial statements, which greatly impacts its score, and lacks essential policies such as a whistleblower and document retention policy. While the organization has a good program expense ratio of 73.48%, indicating that a significant portion of its budget is directed towards programs, the absence of key financial documentation raises concerns about its overall accountability.
In summary, while the Rend Lake College Foundation demonstrates positive governance through its independent board, it must address its documentation and transparency issues to build trust and improve its rating moving forward.
This AI summary has been generated from information found on Charity Navigator.
Is Rend Lake College Foundation legitimate?
Rend Lake College Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rend Lake 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.rlc.edu/foundation
What is the mission statement of Rend Lake College Foundation?
The Rend Lake College Foundation's mission is centered around awarding scholarships to students attending Rend Lake College and enriching the cultural contributions of the college to its students and local residents. Through the scholarship program, the foundation aims to support deserving individuals based on their application and financial needs. Additionally, the foundation works towards enhancing the cultural value of the college, thereby benefiting both the students and the local community.
Official website here: www.rlc.edu/foundation
Who is the CEO of Rend Lake College Foundation?
Josh Esser is the Treasurer of Rend Lake College Foundation.
Official website here: www.rlc.edu/foundation
What is the revenue of Rend Lake College Foundation?
Rend Lake College Foundation's revenue in 2023 was $1,499,624.
Official website here: www.rlc.edu/foundation
Who are the executives of Rend Lake College Foundation and what are their salaries?
There is 1 employee at Rend Lake College Foundation.
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Official website here: www.rlc.edu/foundation
Where can I find the form 990 for Rend Lake College Foundation?
Rend Lake College Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.rlc.edu/foundation
Learn more at the official website: www.rlc.edu/foundation
Mission Statement of Rend Lake College Foundation
The Rend Lake College Foundation's mission is centered around awarding scholarships to students enrolled at Rend Lake College and enhancing the cultural contributions of the college to both students and local residents. By providing financial assistance to individuals based on application and need, the foundation aims to make higher education more accessible. Furthermore, the foundation works to enrich the cultural landscape of the college by contributing to its cultural offerings and engaging with the wider community. This dual focus on education and cultural enrichment reflects the Rend Lake College Foundation's commitment to supporting the overall development and success of its students.
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Impact
October, 2024
Rend Lake College Foundation significantly enhances educational opportunities for students by providing scholarships that alleviate the financial burden of college expenses. By awarding these scholarships based on individual need and application, the Foundation ensures that a diverse group of students can access higher education at Rend Lake College. This support is crucial not only for students seeking to further their academic journey but also for fostering a vibrant cultural environment within the college and the surrounding community. The Foundation's commitment to enriching both the educational experience of students and the cultural contributions of the college positively impacts residents and strengthens the overall community in Ina, Illinois.
This information is meant to be a general summary of Rend Lake 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: $237,854
- Gross Receipts: $1,527,914
Assets and Liabilities:
- Total Assets: $7,593,104
- Total Liabilities: $108,884
- Net Assets: $7,484,220
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Organization Details
Founding Year
1979
Phone
(618) 437-5321Principal Officer
Josh Esser
Main Address
468 NORTH KEN GRAY PARKWAY, INA, IL, 62846
Website
www.rlc.edu/foundationNTEE Category
Code: B41I - Education
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