Overview
What is Rgec Inc?
Rgec Inc is a nonprofit organization based in Albuquerque, New Mexico, situated at 6260 Riverside Plaza Lane NW. Their mission involves leveraging resources and opportunities to establish a comprehensive support system for children, their families, and their communities, aiming to fulfill their social and academic aspirations. They collaborate closely with the New Mexico Children, Youth, and Family Department (CYFD) program, enabling them to serve children who might otherwise be unable to attend due to financial constraints. This collaboration includes qualifying parents for childcare subsidies based on their eligibility. Rgec Inc has 400 contracts under the CYFD reimbursement program and 48 of their school sites are licensed by CYFD. The organization currently employs 25 individuals.
Official website here: www.rgec.org/
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96% (Four-Star out of Four Star rating)
Rgec Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting high levels of accountability and financial management. The overall score is derived solely from its accountability and finance metrics, indicating a strong commitment to transparency and responsible fiscal practices. The charity's score of 96 in this category showcases its sound financial health and governance structure.
A significant strength of Rgec Inc is its independent board, with all eight members being independent, which enhances the organization's decision-making and oversight processes. The charity also scores exceptionally well in various specific areas, including its audit and oversight committee and policies regarding conflict of interest and whistleblower protections. This level of diligence underscores Rgec Inc's commitment to ethical practices.
While the data does not highlight any specific limitations, the consistently high scores in financial ratios suggest robust operational health. The program expense ratio of 75.66% indicates that a substantial portion of its resources goes directly to its programs, which is a positive sign for donors and beneficiaries alike. Overall, Rgec Inc appears to be a trustworthy organization with a solid foundation in financial accountability.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Rgec Inc?
98% of 54 reviewers on Facebook recommend Rgec Inc. Here is a summary of their reviews:
Many users express strong appreciation for the programs offered, noting the excellent communication from Mr. Andres, which is often highlighted as a significant asset. Parents feel engaged and informed, contributing to a supportive environment for the children involved.
Overall, the positive sentiment reflects that families appreciate the impact of Rgec Inc on their children, underscoring the nonprofit’s commitment to delivering a beneficial experience.
This AI summary has been generated from reviews found on Facebook.
Is Rgec Inc legitimate?
Rgec Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rgec 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: $377,369
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,018,458
For more financial information, click here
Official website here: www.rgec.org/
What is the mission statement of Rgec Inc?
Rgec Inc's mission is centered around utilizing resources and opportunities to establish a comprehensive network of services that cater to the social and academic aspirations of children, their families, and their communities. By leveraging these resources, the organization aims to create a supportive continuum that empowers these groups to achieve their dreams.
The New Mexico Children, Youth, and Family Department (CYFD) collaborates with Rgec Inc's before and after school program. This partnership allows Rgec Inc to extend its services to children who might otherwise be unable to participate due to financial constraints. CYFD supports this program by qualifying parents for child care subsidies based on their eligibility.
Rgec Inc currently has 400 contracts under the CYFD reimbursements program and 48 of their school sites are certified as CYFD licensed sites. This collaboration ensures that a wider range of children and families can benefit from the services Rgec Inc offers.
Official website here: www.rgec.org/
Who is the CEO of Rgec Inc?
Peter Sanchez is the Ceo of Rgec Inc. The CEO's salary of Rgec Inc is $192,712 and their total compensation is $243,455.
Official website here: www.rgec.org/
What is the revenue of Rgec Inc?
Rgec Inc's revenue in 2022 was $6,240,869.
Official website here: www.rgec.org/
Who are the executives of Rgec Inc and what are their salaries?
The average compensation at Rgec Inc during 2022 was $55,833. There are 25 employees at Rgec Inc.
Here are 7 key members and their salaries (Rgec Inc's CEO's salary is $192,712 and their total compensation is $243,455):
- Compensation: $192,712
- Related: $24,086
- Other: $26,657
- Compensation: $125,000
- Related: $0
- Other: $16,500
- 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.rgec.org/
Where can I find the form 990 for Rgec Inc?
Rgec Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rgec.org/
Learn more at the official website: www.rgec.org/
Mission Statement of Rgec Inc
Rgec Inc, a nonprofit organization, is committed to leveraging resources and opportunities to establish a comprehensive network of services that foster the social and academic aspirations of children, their families, and their communities. By doing so, Rgec Inc aims to support the dreams and well-being of the individuals it serves.
In pursuit of its mission, Rgec Inc collaborates with the New Mexico Children, Youth, and Family Department (CYFD) in various capacities. This partnership enables Rgec Inc to cater to children who might otherwise be unable to participate in their programs due to financial constraints. CYFD supports Rgec Inc by qualifying eligible parents to receive childcare subsidies based on their income and circumstances. Rgec Inc currently has 400 contracts under the CYFD reimbursement program, and 48 of their school sites are officially licensed by CYFD. This partnership between Rgec Inc and CYFD demonstrates the nonprofit's dedication to ensuring that all children, regardless of their financial situations, have access to the support they need to thrive socially and academically.
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Impact
July, 2024
Rgec Inc's impact is significant in leveraging resources and opportunities to support the social and academic dreams of children, their families, and their communities. By working hand in hand with the New Mexico Children Youth and Family Department (CYFD), Rgec is able to provide before and after school programs for children who may not have been able to attend otherwise due to financial barriers. With 400 contracts in place under the CYFD reimbursements program and 48 certified CYFD licensed sites, Rgec is making a tangible difference in the lives of many families in Albuquerque, NM. Their focus on education is evident in their commitment to creating a continuum of services that benefit the entire community.
This information is meant to be a general summary of Rgec 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: $57,440
- Program Service Revenue: $2,563,853
- Gross Receipts: $6,240,869
Assets and Liabilities:
- Total Assets: $7,884,726
- Total Liabilities: $6,986,765
- Net Assets: $897,961
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BEFORE & AFTER SCHOOL
Revenue
$966,676
CHILDREN YOUTH & FAMILY
Revenue
$1,127,878
FOOD PROGRAM
Revenue
$469,299
Organization Details
Founding Year
2000
Principal Officer
Peter Sanchez
Main Address
6260 RIVERSIDE PLAZA LANE NW, Albuquerque, NM, 87120
Website
www.rgec.org/NTEE Category
Code: B90 - Education
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