Overview
What is Blue Ridge Community College Educational Foundation Inc?
Blue Ridge Community College Educational Foundation Inc is a charitable organization based in Weyers Cave, Virginia. Its primary mission is to support Blue Ridge Community College by providing scholarships and other resources to students. During the 2021-22 academic year, the foundation awarded 129 scholarships totalling $448,805 to 412 students, with a majority based on financial need. Scholarships were provided for both credit and non-credit programs, including Blue Ridge Promise, a bridge program for high school seniors interested in attending BRCC, and the Career Pathways Program for high school students taking career and technical education classes. The foundation's goal is to strengthen the college's programs and services, which have a significant impact on the local community, and to bridge the gap between basic funding and the college's diverse student needs and workforce development services. Private funds raised by the foundation are essential to meet the community's increasing needs for programs, services, facilities, and scholarships, ensuring excellence beyond what traditional sources of funding can provide.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%, Four-Star out of Four Star rating.
The Blue Ridge Community College Educational Foundation Inc has achieved a perfect score of 100%, reflecting exceptional accountability and finance practices. This high rating is significant as it indicates the organization's strong commitment to transparency and sound financial management, with no material diversion of assets reported and a healthy liabilities to assets ratio of 0.31%.
The foundation boasts a fully independent board with 25 members, ensuring unbiased governance. It has also implemented comprehensive policies covering conflict of interest, whistleblower protection, and document retention, all of which contribute to its strong accountability framework. However, while the organization excels in financial performance, the summary does not provide insights into its programmatic impact or community outcomes, which could further inform stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Blue Ridge Community College Educational Foundation Inc legitimate?
Blue Ridge Community College Educational Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Blue Ridge 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
What is the mission statement of Blue Ridge Community College Educational Foundation Inc?
The Blue Ridge Community College Educational Foundation's mission is to strengthen the programs and services at Blue Ridge Community College by building community relationships and securing necessary resources. The foundation recognizes the significant impact of the college on its community, providing a pathway to success for students and local employers. Traditional funding sources, such as state and local appropriations, only cover basic operations, and the foundation aims to fill the gap with private funds. These private investments are essential to meet the community's increasing needs for programs, services, facilities, and scholarships, ensuring excellence beyond what traditional funding can provide.
Who is the CEO of Blue Ridge Community College Educational Foundation Inc?
Anastasia O Triplett is the Executive Director of Blue Ridge Community College Educational Foundation Inc.
What is the revenue of Blue Ridge Community College Educational Foundation Inc?
Blue Ridge Community College Educational Foundation Inc's revenue in 2022 was $1,728,729.
Who are the executives of Blue Ridge Community College Educational Foundation Inc and what are their salaries?
There 26 volunteers at Blue Ridge Community College Educational Foundation Inc.
Here are 27 key members and their salaries:
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Where can I find the form 990 for Blue Ridge Community College Educational Foundation Inc?
Blue Ridge Community College Educational Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Blue Ridge Community College Educational Foundation Inc
The Blue Ridge Community College Educational Foundation Inc plays a crucial role in supporting the educational endeavors of Blue Ridge Community College. Its primary mission is to provide scholarships and other forms of assistance to students attending the college. Beyond financial aid, the foundation also works to build and maintain relationships within the community, aiming to enhance the programs and services offered by Blue Ridge Community College.
The college's influence on the community is significant, providing a pathway to success for its students and contributing to the local workforce. However, traditional sources of funding, such as state and local appropriations, are insufficient to meet the college's diverse needs and address challenges in workforce development and programs. Recognizing this gap, the Blue Ridge Community College Educational Foundation Inc seeks to raise private funds. These funds, generated by the foundation, serve as the difference between merely maintaining adequate services and achieving excellence through private investment. In this manner, the Blue Ridge Community College Educational Foundation Inc plays a vital role in strengthening the college's impact on its students and the broader community.
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Impact
July, 2024
Blue Ridge Community College Educational Foundation Inc's impact is significant in providing vital support to Blue Ridge Community College students through scholarships and other assistance. During the 2021-22 academic year, the foundation awarded 129 scholarship grants totaling $448,805 to 412 students, many of whom demonstrated financial need. This support is crucial as the cost of attending Blue Ridge Community College may be prohibitive for many students and families in the community.
The scholarships provided by the foundation extend to students in credit and non-credit programs, including those participating in special programs like Blue Ridge Promise and Career Pathways. These awards not only help students in achieving their academic and career goals but also contribute to enhancing the quality of life for their families and communities.
Through its fundraising efforts, the Blue Ridge Community College Educational Foundation plays a vital role in bridging the gap between basic college operations and the excellence needed to meet the diverse needs of students and local employers. The foundation's work ensures that Blue Ridge Community College can continue to provide a pathway to success for students while also contributing to workforce development and community prosperity.
This information is meant to be a general summary of Blue Ridge 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: $797,299
- Gross Receipts: $5,960,495
Assets and Liabilities:
- Total Assets: $16,560,374
- Total Liabilities: $58,783
- Net Assets: $16,501,591
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Organization Details
Founding Year
1985
Phone
(540) 453-2211Principal Officer
Anastasia O Triplett
Main Address
PO BOX 80, WEYERS CAVE, VA, 24486
NTEE Category
Code: B11 - Education
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