Overview
What is Richard Bland College Foundation Inc?
The Richard Bland College Foundation is a nonprofit organization committed to supporting and enhancing the mission of Richard Bland College. They achieve this by disseminating resources to the college and offering financial aid and scholarships to students, thereby aiding in their educational journey. Their mission encompasses strengthening and extending the college's work and objectives in a beneficial manner, contributing to its overall growth and success.
Official website here: www.rbc.edu/alumni-friends/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Star rating)
The Richard Bland College Foundation Inc has received an 85% score, indicating a solid performance in terms of accountability and finance. This rating reflects a comprehensive evaluation of its financial practices, with a perfect score in several areas, including the presence of a majority independent board and a robust conflict of interest policy.
Key strengths of the organization include an impressive program expense ratio of 89.31%, suggesting that a significant portion of its expenses directly supports its programs. The foundation also demonstrates high standards in governance, with full marks for its audit and oversight committee and financial transparency, as evidenced by the availability of its tax forms on its website.
While the rating is strong, it is based solely on the Accountability & Finance beacon, and there are no additional beacons assessed, such as Impact or Leadership & Adaptability. This limitation implies that while the financial health and governance are commendable, potential donors may wish to investigate further into the effectiveness and outcomes of the foundation's programs.
This AI summary has been generated from information found on Charity Navigator.
Is Richard Bland College Foundation Inc legitimate?
Richard Bland College Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Richard Bland College Foundation Inc 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.rbc.edu/alumni-friends/foundation
What is the mission statement of Richard Bland College Foundation Inc?
The mission of Richard Bland College Foundation Inc. is focused on assisting and enhancing the operations, endeavors, and goals of Richard Bland College. The foundation achieves this by dispensing support to the college and offering scholarships and financial aid to students, thereby extending its reach and impact. In essence, the Richard Bland College Foundation's primary objective is to bolster the college's work and better the lives of its students through various forms of aid.
Official website here: www.rbc.edu/alumni-friends/foundation
Who is the CEO of Richard Bland College Foundation Inc?
Melissa Mahoney Macc Ab is the Principal Officer of Richard Bland College Foundation Inc.
Official website here: www.rbc.edu/alumni-friends/foundation
What is the revenue of Richard Bland College Foundation Inc?
Richard Bland College Foundation Inc's revenue in 2023 was $1,493,611.
Official website here: www.rbc.edu/alumni-friends/foundation
Who are the executives of Richard Bland College Foundation Inc and what are their salaries?
Here are 25 key members and their salaries:
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Official website here: www.rbc.edu/alumni-friends/foundation
Where can I find the form 990 for Richard Bland College Foundation Inc?
Richard Bland College Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.rbc.edu/alumni-friends/foundation
Learn more at the official website: www.rbc.edu/alumni-friends/foundation
Mission Statement of Richard Bland College Foundation Inc
The Richard Bland College Foundation, in its mission, works tirelessly to assist, bolster, and expand upon the tasks, functions, and goals of Richard Bland College. This nonprofit organization accomplishes this by channeling support to the college and offering scholarships and financial aid to its students. By doing so, the Richard Bland College Foundation plays a significant role in enabling the institution to thrive and providing opportunities for its students to succeed financially, thereby enhancing their academic journey.
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Impact
July, 2024
Richard Bland College Foundation Inc's impact lies in its commitment to aiding, strengthening, and extending the work, service, and objectives of Richard Bland College. By providing support to the college, distributing scholarships, and offering financial aid to students, the foundation plays a vital role in advancing education in Petersburg, VA. Through its efforts, Richard Bland College Foundation Inc contributes to the development of future leaders and professionals, making a significant impact in the field of education.
This information is meant to be a general summary of Richard Bland College Foundation Inc. 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: $400,838
- Program Service Revenue: $637,754
- Gross Receipts: $1,540,375
Assets and Liabilities:
- Total Assets: $26,003,607
- Total Liabilities: $18,413,988
- Net Assets: $7,589,619
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DIRECT FINANCING LEASE
Revenue
$637,754
Organization Details
Founding Year
1978
Phone
(804) 862-6200Principal Officer
Melissa Mahoney Macc Ab
Main Address
11301 JOHNSON ROAD, PETERSBURG, VA, 23805
NTEE Category
Code: B42Z - Education
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