Overview
What is Ramapo College Foundation?
The Ramapo College Foundation, established in 1971, is a New Jersey-based nonprofit organization with a mission to support Ramapo College of New Jersey. This includes providing unregistered, restricted, and capital funding to cater to the academic needs of around 6,000 students and a faculty and staff of approximately 800. The foundation facilitates a competitive grant allocation process, enabling faculty, staff, and student organizations to apply for financial aid for professional development, undergraduate research, visiting lecturers, or scholars. Additionally, the foundation funds faculty fellowships and sponsors special programs to enhance the college's academic mission. In summary, the Ramapo College Foundation plays a crucial role in supplying resources that contribute to the college's pursuit of educational excellence.
Official website here: www.ramapo.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star rating)
The Ramapo College Foundation has achieved a remarkable 97% rating from Charity Navigator, reflecting its strong commitment to accountability and financial management. This high score is entirely based on the accountability and finance beacon, indicating that the organization excels in these critical areas. The foundation is governed by a fully independent board, which is a positive sign of transparency and integrity.
Strengths of the Ramapo College Foundation include a 92.66% program expense ratio, showcasing that the majority of its expenditures are directed towards its programs rather than administrative costs. Additionally, the organization has demonstrated excellent fundraising efficiency with a cost of just $0.04 per dollar raised, which underscores its effective fundraising strategies. Furthermore, the foundation has no material diversions of assets and maintains robust oversight with an audit and oversight committee.
While the rating highlights numerous strengths, it also emphasizes the importance of continuous vigilance in maintaining these standards. The foundation's solid financial practices and operational transparency position it as a responsible nonprofit; however, ongoing support and engagement from the community will be crucial for its sustained success and mission fulfillment.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Ramapo College Foundation?
84% of 268 reviewers on Facebook recommend the Ramapo College Foundation. Here is a summary of their reviews:
The majority of commenters appreciate the natural beauty surrounding the Ramapo Reservation, emphasizing its picturesque mountains and reservoir. However, one user cautions about the presence of copperhead snakes, highlighting the importance of staying vigilant while enjoying the outdoors.
Overall, the sentiment reflects a positive attitude towards the foundation's efforts to promote the natural environment and community engagement, even though some users offer a friendly reminder about potential wildlife hazards.
This AI summary has been generated from reviews found on Facebook.
Is Ramapo College Foundation legitimate?
Ramapo College Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ramapo 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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Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.ramapo.edu
What is the mission statement of Ramapo College Foundation?
The Ramapo College Foundation, established in 1971, serves as a non-profit organization under New Jersey's laws, primarily benefiting Ramapo College of New Jersey. Its primary function is to offer unlimited, restricted, and capital funding to the college, catering to the educational needs of around 6,000 students, as well as a faculty and staff of approximately 800. The foundation also boasts a vast network of over 30,000 alumni and 3,000 supporters, including donors and volunteers, contributing to its mission. The Ramapo College Foundation's mission is to provide essential resources that significantly contribute to the college's pursuit of academic excellence.
Official website here: www.ramapo.edu
Who is the CEO of Ramapo College Foundation?
Christopher Romano is the Immediate Past Chair of Ramapo College Foundation.
Official website here: www.ramapo.edu
What is the revenue of Ramapo College Foundation?
Ramapo College Foundation's revenue in 2022 was $3,709,522.
Official website here: www.ramapo.edu
Who are the executives of Ramapo College Foundation and what are their salaries?
There 96 volunteers at Ramapo College Foundation.
Here are 69 key members and their salaries:
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Official website here: www.ramapo.edu
Where can I find the form 990 for Ramapo College Foundation?
Ramapo College Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ramapo.edu
Learn more at the official website: www.ramapo.edu
Mission Statement of Ramapo College Foundation
The Ramapo College Foundation, established in 1971, serves as a nonprofit organization under the laws of New Jersey, dedicated to benefiting Ramapo College of New Jersey. Its mission is to provide unlimited, restricted, and capital support to the college, catering to the academic needs of approximately 6,000 students, as well as a faculty and staff of around 800. The foundation boasts a vast network of over 30,000 alumni and 3,000 friends, donors, and volunteers who contribute to its cause. In essence, the Ramapo College Foundation is a vital resource that aids the college in its pursuit of educational excellence.
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Impact
July, 2024
The Ramapo College Foundation plays a crucial role in supporting Ramapo College of New Jersey's pursuit of educational excellence. By providing resources through grant allocations, faculty fellowships, and special programs, the foundation directly impacts the academic mission of the college. This support allows for the funding of professional development, undergraduate research, visiting lecturers or scholars, and other initiatives that enhance the educational experience for approximately 6,000 students and 800 faculty and staff members. The foundation's contributions help advance the college's academic programs and benefit its large community of alumni, friends, donors, and volunteers.
This information is meant to be a general summary of Ramapo 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: $718,423
- Program Service Revenue: $132,613
- Gross Receipts: $3,910,341
Assets and Liabilities:
- Total Assets: $25,722,121
- Total Liabilities: $441,181
- Net Assets: $25,280,940
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT & ADMINISTR
Revenue
$132,613
Organization Details
Founding Year
1971
Phone
(201) 684-7611Principal Officer
Christopher Romano
Main Address
505 RAMAPO VALLEY ROAD, MAHWAH, NJ, 07430
Website
www.ramapo.eduNTEE Category
Code: B110 - Education
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