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Richmond Public Schools Education Foundation Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 542025186 ✦ Richmond, VA ✦ Designated as a 501(c)(3)

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Overview

What is Richmond Public Schools Education Foundation Inc?

Richmond Public Schools Education Foundation Inc is a nonprofit organization situated in Richmond, Virginia. With a single employee, its mission is to boost private philanthropy within the school system to fund new and existing programs. Acting as a bridge between the educational sector and private businesses, the foundation ensures programs align with the strategic vision of Richmond Public Schools. Dedicated to enhancing teaching and learning within Richmond Public Schools, the foundation primarily focuses on three areas: student success, teaching innovation, and college and career readiness. To accomplish this, Richmond Public Schools Education Foundation Inc operates Future Centers located in five comprehensive high schools. These centers, staffed by professionals, organize career/college activities, helping students develop post-high school plans and implement them. This includes meeting with college and business recruiters, touring institutions, securing scholarships, completing applications, and learning about available opportunities.


Official website here: www.rpseducationfoundation.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 87%, Three-Star out of Four Star rating.

Richmond Public Schools Education Foundation Inc has received a solid Three-Star rating from Charity Navigator, reflecting a commendable overall score of 87%. This rating is derived from multiple beacon scores, with a significant emphasis on Accountability & Finance, which earned an impressive score of 88. The foundation demonstrates a commitment to responsible financial practices and transparency, which are critical factors for donor confidence.

In addition to its strong financial accountability, the organization also scored 79 in the Culture & Community category, indicating a positive environment and community engagement. The foundation is actively working on implementing four Equity Practices, which suggests a focus on inclusivity and addressing disparities within the educational landscape. This initiative could enhance its impact on the community it serves.

However, while the foundation shows strengths in accountability and community involvement, there is room for improvement in its cultural aspects. The lower score in Culture & Community might indicate areas where further development could enhance its overall effectiveness and outreach. Overall, Richmond Public Schools Education Foundation Inc appears to be a reliable organization with a focus on equity and community engagement.


This AI summary has been generated from information found on Charity Navigator.

Is Richmond Public Schools Education Foundation Inc legitimate?

Richmond Public Schools Education Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Richmond Public Schools Education 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: $121,573
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.rpseducationfoundation.org

What is the mission statement of Richmond Public Schools Education Foundation Inc?

The Richmond Public Schools Education Foundation Inc's mission is centered around increasing private philanthropy for the betterment of the school system. They act as a bridge between the educational sector and the private sector, ensuring programs align with the strategic outlook of the Richmond Public Schools. The foundation's primary objective is to support teaching and learning within the Richmond Public Schools, focusing on areas not already covered by public funding. Specifically, they concentrate on student success, teaching innovation, and college and career readiness. The foundation operates RVA Future Centers, located in five comprehensive high schools, which aid students in planning and implementing post-high school plans, providing them with opportunities such as meeting with college recruiters and local businesses, touring colleges, and securing scholarships.


Official website here: www.rpseducationfoundation.org

Who is the CEO of Richmond Public Schools Education Foundation Inc?

T J Edlich Iv is the Principal Officer of Richmond Public Schools Education Foundation Inc.


Official website here: www.rpseducationfoundation.org

What is the revenue of Richmond Public Schools Education Foundation Inc?

Richmond Public Schools Education Foundation Inc's revenue in 2022 was $1,170,976.


Official website here: www.rpseducationfoundation.org

Who are the executives of Richmond Public Schools Education Foundation Inc and what are their salaries?

The average compensation at Richmond Public Schools Education Foundation Inc during 2022 was $121,573. There is 1 employee and 11 volunteers at Richmond Public Schools Education Foundation Inc.


Here are 11 key members and their salaries:


Jason Kamras (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cheryl Burke (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jonathan Young (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wendy P Lewis (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Mills (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thad Williamson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sarah Gross (Chairwoman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Theodore J Edlich Iv (Vice Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donald Cowles (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Corliss Archer (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ty Toepke (Executive Director)
  • Compensation: $111,110
  • Related: $0
  • Other: $0


Official website here: www.rpseducationfoundation.org

Where can I find the form 990 for Richmond Public Schools Education Foundation Inc?

Richmond Public Schools Education Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.rpseducationfoundation.org

Learn more at the official website: www.rpseducationfoundation.org

Mission Statement of Richmond Public Schools Education Foundation Inc

Richmond Public Schools Education Foundation Inc, in its mission, aims to boost private philanthropy in the school system, channeling funds towards the establishment and continuation of various educational programs. By acting as a liaison between the private sector and the school system, the foundation ensures that these programs align with Richmond Public Schools' strategic vision.

The foundation's primary objective is to support teaching and learning within Richmond Public Schools, focusing on three key areas: student success, teaching innovation, and college and career readiness. To achieve this, the foundation houses RVA Future Centers in five comprehensive high schools, staffed by dedicated professionals. These centers work in partnership with the school counseling department and existing community partners to create, organize, and implement career/college activities focused on student success beyond high school.

The center directors collaborate with each student to develop a post-high school plan and then assist in implementing that plan. This involves introducing students to college and business recruiters, organizing tours of local colleges and businesses, providing scholarships, helping complete applications, and educating students about the opportunities available to them after high school. By focusing on these areas, Richmond Public Schools Education Foundation Inc aims to enhance the educational experiences of students within the Richmond Public Schools system.

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Impact




July, 2024

Richmond Public Schools Education Foundation Inc's impact is focused on supporting teaching and learning within Richmond Public Schools that are not already covered by existing public funding. The foundation's efforts are directed towards enhancing student success, promoting teaching innovation, and fostering college and career readiness. An integral part of their impact is the establishment of RVA Future Centers in comprehensive high schools, where dedicated professionals work with students to develop post-high school plans, connect with college and business opportunities, secure scholarships, and explore avenues for success beyond graduation. By increasing private philanthropy directed towards the school system and bridging connections with the private sector, the foundation plays a crucial role in aligning programs with the strategic goals of Richmond Public Schools.




This information is meant to be a general summary of Richmond Public Schools Education 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.

Revenue
$1,170,976 (2022)
Expenses
$449,658 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $498
  • Gross Receipts: $1,170,976

Assets and Liabilities:

  • Total Assets: $1,399,654
  • Total Liabilities: $14,112
  • Net Assets: $1,385,542

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Organization Details

Founding Year

2001

Principal Officer

T J Edlich Iv

Main Address

301 N 9TH ST 17TH FLOOR, RICHMOND, VA, 23219

NTEE Category

Code: B112 - Education

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