Overview
What is Richmond Community College Foundation Inc?
Richmond Community College Foundation Inc, based in Hamlet, North Carolina, serves as a crucial support system for Richmond Community College. Their primary role entails managing contributions, scholarships, fellowships, and academic expenses. This includes funding for construction and purchase of fixed assets, faculty salary supplements, and various academic-related costs. Moreover, they are responsible for managing the Dewitt Series Grant and the Forte Building, as well as providing financial aid to students through scholarships.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
The Richmond Community College Foundation Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. Scoring 94% overall, this rating is predominantly derived from a perfect score in the accountability and finance beacon, indicating high standards in these critical areas.
The foundation demonstrates exceptional governance, with a fully independent board comprising 36 members, and it adheres to stringent policies regarding conflicts of interest, whistleblower protections, and document retention. Additionally, the foundation has shown no material diversion of assets, contributing to a solid financial reputation.
Financially, the organization excels with a program expense ratio of 95.72%, meaning that a significant majority of its funds are directed towards its programs rather than administrative costs. This focus on programmatic spending, combined with a zero liability-to-assets ratio, highlights the foundation's responsible financial management, although specific limitations or challenges faced by the organization were not detailed in the available information.
This AI summary has been generated from information found on Charity Navigator.
Is Richmond Community College Foundation Inc legitimate?
Richmond Community College Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Richmond 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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What is the mission statement of Richmond Community College Foundation Inc?
The Richmond Community College Foundation Inc's primary role is to manage various forms of contributions, primarily aimed at supporting the educational needs of Richmond Community. This includes handling scholarships, fellowships, and faculty salary supplements, as well as overseeing the construction and purchase of fixed assets for academic purposes. Furthermore, the foundation is responsible for covering other academic expenses within the community college. Their activities extend to providing financial assistance for specific projects and initiatives, such as the DeWitt Series Grant, the Forte Building, and student scholarships.
Who is the CEO of Richmond Community College Foundation Inc?
Wiley L Mabe is the President of Richmond Community College Foundation Inc.
What is the revenue of Richmond Community College Foundation Inc?
Richmond Community College Foundation Inc's revenue in 2022 was $676,162.
Who are the executives of Richmond Community College Foundation Inc and what are their salaries?
Here are 39 key members and their salaries:
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Where can I find the form 990 for Richmond Community College Foundation Inc?
Richmond Community College Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Richmond Community College Foundation Inc
Richmond Community College Foundation Inc is dedicated to managing various contributions aimed at supporting the academic needs of Richmond Community College. Specifically, the organization handles gifts, scholarships, fellowships, the purchase and construction of fixed assets, faculty salary supplements, and other academic expenses. By doing so, Richmond Community College Foundation Inc plays a crucial role in enhancing the educational opportunities available to the community. The organization's efforts have led to significant contributions, such as funding for the DeWitt Series Grant, the Forte Building, and student scholarships and expenses. In essence, Richmond Community College Foundation Inc serves as a vital partner in the College's academic endeavors, ensuring that resources are available to support the educational journey of its students.
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Impact
July, 2024
Richmond Community College Foundation Inc plays a vital role in supporting Richmond Community College by handling various forms of financial assistance. This includes managing gifts, scholarships, fellowships, fixed asset construction and purchase, faculty salary supplements, and other academic expenses for the institution. The foundation's contributions have been instrumental in initiatives such as the DeWitt Series Grant, Forte Building projects, and funding student scholarships and expenses. Through its efforts, Richmond Community College Foundation Inc significantly impacts educational opportunities and resources in Hamlet, NC, ultimately contributing to the advancement of education in the community.
This information is meant to be a general summary of Richmond 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: $627
- Gross Receipts: $740,540
Assets and Liabilities:
- Total Assets: $5,054,651
- Total Liabilities: $766
- Net Assets: $5,053,885
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Organization Details
Founding Year
1983
Phone
(910) 410-1807Principal Officer
Wiley L Mabe
Main Address
PO BOX 1189, HAMLET, NC, 28345
NTEE Category
Code: B41I - Education
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