Overview
What is John Tyler Community College Foundation Inc?
John Tyler Community College Foundation Inc is a charitable organization situated in Chester, Virginia. Its primary objective is to bolster the John Tyler Community College by procuring essential resources. This includes garnering time, talent, and financial support from individuals, businesses, and private foundations. The foundation aids in funding various student initiatives such as scholarships and emergency funds. Additionally, it contributes to academic and workforce program development and expansion, addressing critical college and student needs. During the fiscal year, the foundation provided over $632,000 in support, including $282,000 in scholarships and grants, and $315,000 for academic programs, faculty, equipment, student emergency aid, and other student support programs. Also, the foundation provided $35,000 in emergency fund support to help students with basic needs and academic supplies.
Official website here: www.jtcc.edu/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star rating.
The John Tyler Community College Foundation Inc has earned a high rating of 97%, reflecting its strong performance in accountability and finance. The rating is based solely on a single beacon score, indicating a focus on financial transparency and governance. The foundation boasts a fully independent board with 95% of its members not affiliated with the organization, which enhances its credibility and oversight.
Strengths noted in the assessment include exceptional financial practices, such as an impressive program expense ratio of nearly 85% and a low fundraising efficiency ratio of just $0.02, demonstrating effective use of funds for its mission. The foundation's policies on conflict of interest, whistleblower protections, and document retention are all in place and well-managed, contributing to its overall accountability.
No significant limitations were highlighted in the available data; the organization appears to maintain a robust framework for financial management and compliance. Its high working capital ratio of 7.60 years indicates strong financial health and sustainability, positioning it well to support its initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is John Tyler Community College Foundation Inc legitimate?
John Tyler Community College Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. John Tyler Community 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.
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For more financial information, click here
Official website here: www.jtcc.edu/foundation
What is the mission statement of John Tyler Community College Foundation Inc?
The John Tyler Community College Foundation's mission is to procure essential resources that contribute to the college's goal of offering high-quality, affordable, and accessible education to the community. The foundation solicits time, talent, and financial support from individuals, businesses, and private foundations to fund initiatives such as scholarships and emergency funds, academic and workforce program development and expansion, and other crucial student and college needs. The foundation's aim is to establish relationships with alumni, individuals, businesses, civic groups, and private foundations, ultimately helping the college enhance the community's quality of life.
Official website here: www.jtcc.edu/foundation
Who is the CEO of John Tyler Community College Foundation Inc?
Rachel Biundo is the Immediate Past President of John Tyler Community College Foundation Inc.
Official website here: www.jtcc.edu/foundation
What is the revenue of John Tyler Community College Foundation Inc?
John Tyler Community College Foundation Inc's revenue in 2022 was $1,581,933.
Official website here: www.jtcc.edu/foundation
Who are the executives of John Tyler Community College Foundation Inc and what are their salaries?
There 19 volunteers at John Tyler Community College Foundation Inc.
Here are 21 key members and their salaries:
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Official website here: www.jtcc.edu/foundation
Where can I find the form 990 for John Tyler Community College Foundation Inc?
John Tyler Community College Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.jtcc.edu/foundation
Learn more at the official website: www.jtcc.edu/foundation
Mission Statement of John Tyler Community College Foundation Inc
John Tyler Community College Foundation Inc's mission is centered around procuring essential resources that contribute to the college's mission of delivering superior, affordable, and accessible education to the local community. The foundation seeks to garner time, talent, and financial support from alumni, individuals, businesses, civic groups, and private foundations. By building these relationships, the foundation aims to bolster the college, ultimately enhancing the community's overall quality of life. In essence, the John Tyler Community College Foundation Inc serves as a catalyst, working tirelessly to fund student support initiatives such as scholarships and emergency funds, as well as the development and expansion of academic and workforce programs.
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Impact
July, 2024
John Tyler Community College Foundation Inc's impact is profound and far-reaching. The foundation acquires vital resources to support John Tyler Community College's mission of providing superior, affordable, and accessible education to members of the community. Through scholarships and grants totaling over $632,000, the foundation directly aids students in pursuing their academic goals. Additionally, the foundation provides support for academic programs, faculty, equipment, and student emergency aid, totaling over $315,000 in the fiscal year. Notably, the foundation allocated $35,000 in emergency fund support for students, assisting with basic needs such as housing, utilities, and food, as well as academic necessities like books and internet access. Overall, the foundation plays a crucial role in enhancing the college experience and contributing to the community's quality of life.
This information is meant to be a general summary of John Tyler Community 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 2022.
- Investment Income: $141,462
- Gross Receipts: $3,030,654
Assets and Liabilities:
- Total Assets: $8,148,125
- Total Liabilities: $90,382
- Net Assets: $8,057,743
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Organization Details
Founding Year
1967
Phone
(804) 594-1476Principal Officer
Rachel Biundo
Main Address
13101 JEFFERSON DAVIS HIGHWAY, CHESTER, VA, 23831
Website
www.jtcc.edu/foundationNTEE Category
Code: B41I - Education
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