Overview
What is Rochester Community And Technical College Foundation?
The Rochester Community and Technical College Foundation is a charitable organization based in Rochester, Minnesota. Its primary mission is to enhance lives through quality, affordable, and accessible higher education. They raise funds for various purposes, including scholarships, student basic needs, improving academic programs, enriching campus life with athletics and arts, and making strategic investments in students and the college. The foundation aims to grow a diverse pool of resources to provide affordable education for all students, adding value and excellence to the programs offered at RCTC, and helping the institution remain resilient against future economic and political challenges by filling funding gaps. In the 2023 fiscal year, they disbursed scholarships to approximately 300 students.
Official website here: www.rctc.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
The Rochester Community and Technical College Foundation has received a commendable Four-Star rating from Charity Navigator, indicative of its strong financial health and accountability. This rating is derived entirely from its Accountability & Finance score, which stands at 92%. The Foundation demonstrated excellence in various metrics, including a 100% independent board and a solid program expense ratio of 81.29%, suggesting that a significant portion of its resources is directed toward its mission-related activities.
Strengths of the organization include its commitment to transparency, as evidenced by the availability of financial statements and documented board meeting minutes. The Foundation has also established policies regarding conflict of interest and document retention, further enhancing its operational integrity. The absence of any material diversion of assets also reflects positively on its governance practices.
However, the organization has been noted for lacking a whistleblower policy, which could pose a risk for accountability in the long run. While the overall financial structure is robust, this gap could be a limitation in ensuring comprehensive ethical compliance. Overall, the Rochester Community and Technical College Foundation demonstrates a strong commitment to accountability, with room for improvement in its governance policies.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Rochester Community And Technical College Foundation?
84% of 73 reviewers on Facebook recommend the Rochester Community and Technical College Foundation. The overwhelming sentiment reflects a positive experience among students, particularly highlighting the quality of education offered. Many users express appreciation for the institution's academic programs, noting that those who are dedicated to their studies can achieve significant success.
Reviewers also mention the supportive atmosphere that fosters both academic and athletic excellence. The foundation appears to fulfill its promise of providing valuable resources and opportunities for personal growth. Overall, the feedback indicates that students feel empowered and encouraged to pursue their goals within a nurturing environment.
This AI summary has been generated from reviews found on Facebook.
Is Rochester Community And Technical College Foundation legitimate?
Rochester Community And Technical College Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rochester Community And Technical 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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Official website here: www.rctc.edu
What is the mission statement of Rochester Community And Technical College Foundation?
The Rochester Community and Technical College Foundation's mission is centered around improving lives through the provision of quality, affordable, and accessible higher education. They achieve this by raising funds to support scholarships, student basic needs, enhance academic quality, enrich campus life with athletics and arts, and make strategic investments in students and the college. The foundation aims to grow a diverse pool of resources sufficient to provide affordable education for all students, adding value and excellence to the programs offered at the college, and helping to insulate the institution from future economic and political forces by filling gaps in state funding. Through active, ongoing campaigns to promote philanthropy in the community, the foundation believes that no student should be denied the opportunity to attend RCTC due to an inability to pay tuition.
Official website here: www.rctc.edu
What is the revenue of Rochester Community And Technical College Foundation?
Rochester Community And Technical College Foundation's revenue in 2024 was $859,698.
Official website here: www.rctc.edu
Who are the executives of Rochester Community And Technical College Foundation and what are their salaries?
There 95 volunteers at Rochester Community And Technical College Foundation.
Here are 15 key members and their salaries:
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Official website here: www.rctc.edu
Where can I find the form 990 for Rochester Community And Technical College Foundation?
Rochester Community And Technical College Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.rctc.edu
Learn more at the official website: www.rctc.edu
Mission Statement of Rochester Community And Technical College Foundation
The Rochester Community and Technical College Foundation is committed to enhancing lives through the provision of quality, affordable, and accessible higher education. Their mission, in essence, is to create opportunities for students by raising funds to support various aspects of their educational journey. This includes scholarships, meeting basic needs, improving academic quality, enriching campus life, and making strategic investments in students and the college. By promoting philanthropy within the community and expanding their resource pool, they aim to ensure affordable education for all students, add value and excellence to the programs offered at Rochester Community and Technical College, and help the institution weather future economic and political challenges. The Foundation believes that no student should be denied access to education due to financial constraints.
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Impact
July, 2024
Rochester Community And Technical College Foundation's impact is significant in improving lives through the support of quality, affordable, and accessible higher education. The foundation raises funds to support scholarships, address student basic needs, enhance academic quality, enrich campus life with athletics and arts, and make strategic investments in students and the college. By actively promoting philanthropy in the community, the foundation aims to create a diverse pool of resources that ensures affordable education for all students, enhances the programs offered at RCTC, and helps secure the institution against future economic and political challenges by filling gaps in state funding. The foundation's belief that no student should be turned away from RCTC due to financial constraints underscores its commitment to providing opportunities for all individuals to access higher education.
This information is meant to be a general summary of Rochester Community And Technical 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 2024.
- Investment Income: $237,275
- Gross Receipts: $869,465
Assets and Liabilities:
- Total Assets: $8,023,336
- Total Liabilities: $148,309
- Net Assets: $7,875,027
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Organization Details
Founding Year
1961
Principal Officer
Alex Brainard
Website
www.rctc.eduNTEE Category
Code: B99Z - Education
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