Overview
What is Bay Area Hybrid College Initiative?
Bay Area Hybrid College Initiative, operating under the name Rivet School, is a nonprofit organization situated in Richmond, California. Their primary focus is to revolutionize higher education by creating an affordable and efficient model that allows traditionally underserved students to obtain a bachelor's degree in just two years. This innovative approach aims to secure a promising first job and elevate their opportunities in the long term. Since its inception, Rivet School has grown its team from 15 to 21 individuals, maintaining a strong sense of unity and trust within their workforce. Their staff holds a high regard for the organization, as demonstrated by a perfect Net Promoter Score of 100. In 2022, Rivet School welcomed nearly 80 new students, expanding their student body to nearly 200 individuals. Their founding degree partner is Southern New Hampshire University and a program called College for America CfA.
Official website here: www.rivetschool.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% - Four-Star out of Four Star rating
The Bay Area Hybrid College Initiative, doing business as Rivet School, has achieved a stellar Four-Star rating from Charity Navigator, reflecting its exemplary performance in Accountability and Finance. This high rating indicates that the organization operates with a high level of transparency and responsible financial management, which is essential for donor trust and support.
Key strengths of Rivet School include a fully independent board of directors and robust financial oversight mechanisms, such as an audit committee. The organization has demonstrated excellent ratios in areas like program expenses and fundraising efficiency, investing a significant portion of its funds directly into programs that benefit its students. Additionally, it has implemented comprehensive policies, including conflict of interest and whistleblower protections, which further bolster its governance practices.
While Rivet School showcases outstanding financial health, there were no noted limitations or areas of concern in the available data. The organization's strong performance across all metrics suggests a well-managed nonprofit that is committed to its mission and accountable to its stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Bay Area Hybrid College Initiative legitimate?
Bay Area Hybrid College Initiative is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bay Area Hybrid College Initiative 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: $229,350
Professional Fundraising Fees: $28,875
Other Salaries and Wages: $1,226,968
For more financial information, click here
Official website here: www.rivetschool.org
What is the mission statement of Bay Area Hybrid College Initiative?
Bay Area Hybrid College Initiative, operating under the name Rivet School, is committed to establishing and expanding a novel approach to higher education. This model aims to empower traditionally underserved students by enabling them to earn an affordable bachelor's degree in just two years. The ultimate goal is to secure a promising first job and facilitate long-term growth opportunities. Rivet School partners with Southern New Hampshire University and College for America (CfA) for degree programs, providing Associates of Arts or Bachelors of Arts degrees to enrollees. The team at Rivet School has grown from fifteen to nineteen members, maintaining a strong sense of morale and connection. The team's achievements reflect a culture of rigor, excellence, and trust, as demonstrated by a perfect Net Promoter Score in staff recommendations. In 2022, the student body expanded by nearly 80 new members, bringing the total to nearly 200 students.
Official website here: www.rivetschool.org
Who is the CEO of Bay Area Hybrid College Initiative?
Jeff Manassero is the Executive Dir. of Bay Area Hybrid College Initiative.
Official website here: www.rivetschool.org
What is the revenue of Bay Area Hybrid College Initiative?
Bay Area Hybrid College Initiative's revenue in 2022 was $4,245,051.
Official website here: www.rivetschool.org
Who are the executives of Bay Area Hybrid College Initiative and what are their salaries?
The average compensation at Bay Area Hybrid College Initiative during 2022 was $69,348. There are 21 employees and 6 volunteers at Bay Area Hybrid College Initiative.
Here are 9 key members and their salaries:
- Compensation: $147,981
- Related: $0
- Other: $18,957
- Compensation: $105,147
- Related: $0
- Other: $20,617
- Compensation: $104,169
- Related: $0
- Other: $20,862
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.rivetschool.org
Where can I find the form 990 for Bay Area Hybrid College Initiative?
Bay Area Hybrid College Initiative's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rivetschool.org
Learn more at the official website: www.rivetschool.org
Mission Statement of Bay Area Hybrid College Initiative
Bay Area Hybrid College Initiative, known as Rivet School, is dedicated to establishing and expanding a revolutionary approach to higher education. Their primary goal is to provide a reliable path for traditionally underprivileged students to earn an affordable bachelor's degree within just two years. This accelerated program aims to lead these students towards securing their first well-paying job and enhancing their future prospects overall. Rivet School's mission is underpinned by the belief that this innovative model can make higher education more accessible and transformative for those who may have previously been excluded from such opportunities. Their team, which has grown from fifteen to nineteen members, embodies this commitment to excellence and impact, with a strong sense of morale and unity as they expand their reach. Rivet School's staff are highly motivated, as evidenced by their perfect Net Promoter Score when asked if they would recommend the organization to others. The organization's student body has also grown significantly, currently numbering nearly 200 individuals, all striving towards their academic and career goals through Rivet School's unique educational model.
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Impact
July, 2024
Bay Area Hybrid College Initiative Dba Rivet School's impact is significant in the realm of higher education. They are pioneering a new model that empowers traditionally underserved students to earn an affordable bachelor's degree in as little as two years, opening up opportunities for a great first job and increased success over time. With a team dedicated to excellence and trust, Rivet School has expanded its student body and achieved high satisfaction ratings from both students and staff. Through their innovative approach and commitment to supporting underrepresented individuals, Rivet School is making a meaningful impact in the field of education.
This information is meant to be a general summary of Bay Area Hybrid College Initiative. 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: $9,187
- Program Service Revenue: $433,777
- Gross Receipts: $4,245,051
Assets and Liabilities:
- Total Assets: $4,144,876
- Total Liabilities: $958,887
- Net Assets: $3,185,989
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Fellow Support Fees
Revenue
$433,777
Organization Details
Founding Year
2017
Phone
(510) 727-5484Principal Officer
Jeff Manassero
Main Address
1503 Macdonald Ave, Richmond, CA, 94801
Website
www.rivetschool.orgNTEE Category
Code: B30 - Education
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