Overview
What is Richland Community College Foundation?
Richland Community College Foundation is a nonprofit organization situated in Decatur, Illinois, dedicated to supporting and enhancing the educational institution known as Richland Community College. Their primary goal is to contribute positively to the college, working tirelessly to achieve this mission. The foundation's activities are centered around bettering Richland Community College, ensuring its success and growth.
Official website here: www.richland.edu/alumni-giving/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
The Richland Community College Foundation has achieved an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The organization scored 97% in the Accountability & Finance category, demonstrating strong fiscal management and adherence to best practices in governance. This rating is based entirely on their financial metrics, reflecting the foundation's commitment to transparency and responsible stewardship of funds.
Strengths of the foundation include a fully independent board, with all 15 members meeting this criterion, and robust policies in place regarding conflict of interest, whistleblower protections, and document retention. Additionally, the foundation has no reported material diversion of assets, further emphasizing its integrity. The foundation also maintains a strong program expense ratio, with over 83% of expenses going directly to programs.
While the foundation's financial ratios, including a low fundraising efficiency expense of just $0.04 per dollar raised and a substantial working capital ratio of 14.43 years, indicate a healthy financial position, the data does not include information on the impact of their programs or community feedback. Overall, the Richland Community College Foundation demonstrates a solid foundation of fiscal accountability and governance, making it a trustworthy organization for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Richland Community College Foundation legitimate?
Richland Community College Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Richland 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.
Heare are some key statistics you may want to consider:
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For more financial information, click here
Official website here: www.richland.edu/alumni-giving/foundation
What is the mission statement of Richland Community College Foundation?
The Richland Community College Foundation, being an organization that supports a specific educational institution, has a mission to advantage Richland Community College. In simpler terms, their objective is to contribute positively to the well-being and growth of this particular educational establishment. While the provided information does not delve into the specifics of how they aim to achieve this, it is clear that their primary focus is on benefiting Richland Community College.
Official website here: www.richland.edu/alumni-giving/foundation
Who is the CEO of Richland Community College Foundation?
Julie Melton is the Chairman of Richland Community College Foundation.
Official website here: www.richland.edu/alumni-giving/foundation
What is the revenue of Richland Community College Foundation?
Richland Community College Foundation's revenue in 2022 was $3,240,550.
Official website here: www.richland.edu/alumni-giving/foundation
Who are the executives of Richland Community College Foundation and what are their salaries?
There 20 volunteers at Richland Community College Foundation.
Here are 16 key members and their salaries:
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- Related: $110,707
- Other: $28,783
Official website here: www.richland.edu/alumni-giving/foundation
Where can I find the form 990 for Richland Community College Foundation?
Richland Community College Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.richland.edu/alumni-giving/foundation
Learn more at the official website: www.richland.edu/alumni-giving/foundation
Mission Statement of Richland Community College Foundation
The Richland Community College Foundation is an organization devoted to supporting a specific educational institution, Richland Community College, based on its mission statement. This nonprofit's primary goal is to benefit the college in various ways. By acting as a supporter for this particular school, the Richland Community College Foundation contributes to its growth and success. The organization's mission is to foster an environment that nurtures the development of Richland Community College and enhances its capacity to offer quality education to its students.
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Impact
October, 2024
Richland Community College Foundation plays a crucial role in enhancing the educational landscape of Richland Community College in Decatur, IL. By providing financial support and resources, the Foundation ensures that students have access to quality educational programs and opportunities for personal and professional growth. This support directly benefits students through scholarships, resource development, and various initiatives aimed at improving the overall educational experience.
Through its mission to benefit Richland Community College, the Foundation contributes to fostering a vibrant learning environment that facilitates student success. By investing in the campus and its students, the Foundation helps to create a community of learners equipped with the skills and knowledge needed to thrive in an ever-changing world. This collective effort not only impacts individual students but also strengthens the community by promoting education as a key driver of growth and development.
This information is meant to be a general summary of Richland 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: $1,198,245
- Gross Receipts: $3,240,550
Assets and Liabilities:
- Total Assets: $19,744,278
- Total Liabilities: $214,982
- Net Assets: $19,529,296
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Organization Details
Founding Year
1986
Phone
(217) 875-7200Principal Officer
Julie Melton
Main Address
ONE COLLEGE PARK, DECATUR, IL, 62521
NTEE Category
Code: B11 - Education
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