Overview
What is Rappahannock Community College Educational Foundation Inc?
Rappahannock Community College Educational Foundation Inc, based in Warsaw, Virginia, is a dedicated nonprofit organization. Its primary goal is to promote and support Rappahannock Community College by managing funds and organizing fundraising events. The foundation strives to be an active community steward, collaborating on selected programs, events, and projects. One of its significant responsibilities is administering scholarships, making higher education more affordable for residents in the college's twelve-county region. By gathering, managing, and distributing financial resources through scholarships, endowments, and outreach programs, RCCEFI aims to empower individuals seeking higher education.
Official website here: www.rappahannock.edu/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%, Four-Star out of Four Star rating.
The Rappahannock Community College Educational Foundation Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and finance. The organization scored an impressive 92% overall, with the rating derived solely from its Accountability & Finance score, underscoring its financial health and responsible management practices.
Key strengths include having a fully independent board, demonstrating effective governance with 100% of its members independent. The Foundation also excels in fiscal oversight, with a perfect score in areas like financial statements and the absence of asset diversion. Additionally, they maintain a high program expense ratio of 92.41%, indicating that the majority of funds are directed towards their mission-driven activities.
However, the organization does have a noted limitation: it lacks a whistleblower policy, which is an important aspect of governance. Despite this, the Foundation's overall transparency and financial prudence make it a reliable choice for potential donors looking to support community education initiatives.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Rappahannock Community College Educational Foundation Inc?
94% of 31 reviewers on Facebook recommend Rappahannock Community College Educational Foundation Inc. Here is a summary of their reviews:
Many users express a strong appreciation for the community college's commitment to supporting educational opportunities. They highlight the positive impact of the foundation in providing resources and scholarships that have made a significant difference in students' lives. The overall sentiment reflects satisfaction with the foundation's mission and its effectiveness in delivering assistance where it is needed most.
Overall, the feedback suggests that the Rappahannock Community College Educational Foundation is well-regarded for its contributions to education within the community, fostering a sense of gratitude among those who have benefited from its programs.
This AI summary has been generated from reviews found on Facebook.
Is Rappahannock Community College Educational Foundation Inc legitimate?
Rappahannock Community College Educational Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rappahannock Community College Educational 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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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.rappahannock.edu/foundation
What is the mission statement of Rappahannock Community College Educational Foundation Inc?
Rappahannock Community College Educational Foundation Inc is committed to assisting residents in their twelve-county region gain access to affordable and effective higher education. They achieve this by gathering, managing, and distributing financial resources through scholarships, endowments, and outreach programs. The foundation promotes the college through fundraising and fund management, demonstrating effective community stewardship by supporting selected programs, events, and projects. Additionally, they administer scholarships to aid individuals in pursuing their higher education goals.
Official website here: www.rappahannock.edu/foundation
Who is the CEO of Rappahannock Community College Educational Foundation Inc?
Dr Robert V Gates is the Board Member of Rappahannock Community College Educational Foundation Inc.
Official website here: www.rappahannock.edu/foundation
What is the revenue of Rappahannock Community College Educational Foundation Inc?
Rappahannock Community College Educational Foundation Inc's revenue in 2023 was $1,648,720.
Official website here: www.rappahannock.edu/foundation
Who are the executives of Rappahannock Community College Educational Foundation Inc and what are their salaries?
Here are 23 key members and their salaries:
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Official website here: www.rappahannock.edu/foundation
Where can I find the form 990 for Rappahannock Community College Educational Foundation Inc?
Rappahannock Community College Educational Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.rappahannock.edu/foundation
Learn more at the official website: www.rappahannock.edu/foundation
Mission Statement of Rappahannock Community College Educational Foundation Inc
Rappahannock Community College Educational Foundation Inc, as a dedicated organization, is committed to aiding residents in the college's twelve-county region by facilitating their access to affordable and effective higher education. The foundation accomplishes this mission by gathering, managing, and distributing financial resources through its scholarships, endowments, and outreach programs. By doing so, it promotes Rappahannock Community College and serves as an effective community steward, participating in selected programs, events, and projects. The foundation's goal is to support the college and its students in their pursuit of higher education, ultimately contributing to the betterment of the community.
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Impact
July, 2024
Rappahannock Community College Educational Foundation Inc's impact can be seen in its dedicated efforts to assist residents of its twelve-county region in gaining access to affordable and effective higher education. Through its fundraising and fund management activities, as well as effective community stewardship with selected programs, events, and projects, the foundation plays a crucial role in promoting Rappahannock Community College and supporting the educational aspirations of its community members. Additionally, the foundation's administration of scholarships, endowments, and outreach programs further contributes to enhancing opportunities for individuals to pursue their academic goals.
This information is meant to be a general summary of Rappahannock Community College Educational 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: $191,240
- Program Service Revenue: $16,489
- Gross Receipts: $4,137,222
Assets and Liabilities:
- Total Assets: $17,833,475
- Total Liabilities: $5,816
- Net Assets: $17,827,659
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LEARNING ACTIVITIES
Revenue
$16,489
Organization Details
Founding Year
1980
Phone
(804) 333-6708Principal Officer
Dr Robert V Gates
Main Address
PO BOX 923, WARSAW, VA, 22572
NTEE Category
Code: T31 - Philanthropy
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