Overview
What is New River Community College Educational Foundation Inc?
New River Community College Educational Foundation Inc is a charitable organization based in Dublin, Virginia, serving New River Community College. Its primary mission is to facilitate contributions, which in turn provide scholarship opportunities and financial aid for students, faculty, and staff at the college. The foundation relies on community support, receiving contributions from various corporations and the general public. These donations enable the foundation to offer tuition and textbook scholarships to students, fund academic programs, and support professional development for faculty and staff. The foundation's work plays a crucial role in ensuring the college continues to provide academic excellence while expanding its services to meet growing workforce demands.
Official website here: www.nr.edu/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star rating)
The New River Community College Educational Foundation Inc has received a commendable Four-Star rating from Charity Navigator, indicating a strong commitment to accountability and financial transparency. The charity achieved a high overall score of 97%, which is solely based on its accountability and finance metrics. This reflects the organization's dedication to maintaining rigorous oversight and responsible financial management.
The evaluation reveals several organizational strengths, including a fully independent board of directors, which consists of 28 members, and a perfect score in financial oversight with no sign of asset diversion. Additionally, the foundation has demonstrated effective use of its funds, with a program expense ratio of 94.14%, indicating that a significant portion of its expenditures directly supports its mission. The organization also boasts excellent fundraising efficiency, having no liabilities relative to its assets.
While the data shows a robust financial health and governance structure, it's important for potential donors to recognize that the rating is largely focused on financial metrics. There may not be qualitative feedback from program beneficiaries or community impact assessments available in the current summary, which are critical aspects to consider when evaluating the overall effectiveness of the nonprofit's programs.
This AI summary has been generated from information found on Charity Navigator.
Is New River Community College Educational Foundation Inc legitimate?
New River Community College Educational Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New River 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.nr.edu/foundation
What is the mission statement of New River Community College Educational Foundation Inc?
The New River Community College Educational Foundation Inc serves as a medium for collecting contributions to provide scholarship opportunities and financial aid for students, faculty, and staff at New River Community College. The foundation relies on community generosity to continue its mission of securing the future of the college and its community members. Contributions, grants, and endowments received by the foundation enable it to offer tuition and textbook scholarships for students, fund academic programs, and support the professional development of the college's faculty and staff. This, in turn, helps ensure the college maintains its commitment to academic excellence while expanding its services to meet the escalating workforce requirements.
Official website here: www.nr.edu/foundation
Who is the CEO of New River Community College Educational Foundation Inc?
Covey Angela is the Executive Di of New River Community College Educational Foundation Inc.
Official website here: www.nr.edu/foundation
What is the revenue of New River Community College Educational Foundation Inc?
New River Community College Educational Foundation Inc's revenue in 2022 was $2,925,233.
Official website here: www.nr.edu/foundation
Who are the executives of New River Community College Educational Foundation Inc and what are their salaries?
There 28 volunteers at New River Community College Educational Foundation Inc.
Here are 29 key members and their salaries:
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Official website here: www.nr.edu/foundation
Where can I find the form 990 for New River Community College Educational Foundation Inc?
New River Community College Educational Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nr.edu/foundation
Learn more at the official website: www.nr.edu/foundation
Mission Statement of New River Community College Educational Foundation Inc
The New River Community College Educational Foundation Inc serves as a platform for receiving contributions that facilitate scholarship opportunities and provide financial aid for students, faculty, and staff at New River Community College. This nonprofit organization relies on the generosity of the community to continue its mission of securing the future of the college and its personnel. Contributions come from various corporations and the general public, making an investment in the community's future.
Through donations, grants, and endowments, the New River Community College Educational Foundation Inc is able to offer tuition and textbook scholarships to students, fund academic programs, and promote the professional development of the college's faculty and staff. By doing so, the foundation helps ensure that New River Community College maintains its commitment to academic excellence while expanding its services to meet the escalating workforce requirements. In other words, the foundation plays a crucial role in supporting the educational journey of students and educational professionals at New River Community College, fostering an environment of continuous learning and growth.
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Impact
July, 2024
The New River Community College Educational Foundation Inc serves as a crucial conduit for contributions that provide scholarship opportunities, tuition assistance, and book assistance for students, faculty, and staff at New River Community College in Dublin, VA. Through the generosity of the community, the foundation is able to secure the future of the college and its academic community. This support helps fund academic programs, provide scholarships for students, and encourage the professional development of faculty and staff. By receiving donations, grants, and endowments, the foundation plays a significant role in ensuring the college's commitment to academic excellence and meeting the increasing workforce demands in the community.
This information is meant to be a general summary of New River 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 2022.
- Investment Income: $122,814
- Gross Receipts: $8,019,263
Assets and Liabilities:
- Total Assets: $23,381,970
- Total Liabilities: $1,256
- Net Assets: $23,380,714
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Organization Details
Founding Year
1980
Phone
(540) 674-3600Principal Officer
Covey Angela
Main Address
5251 COLLEGE DRIVE, DUBLIN, VA, 24084
Website
www.nr.edu/foundationIf you are a representative of New River Community College Educational Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.