Overview
What is Renton Technical College Foundation?
Renton Technical College Foundation is a nonprofit organization situated in Renton, Washington, specifically at 3000 NE 4th Street, 98056. Their primary objective is to support students at Renton Technical College by providing them with ample resources to achieve their academic and career training goals. In the 2022 fiscal year alone, they awarded scholarships to over 200 students. Their mission is to serve their local community by enhancing career-training opportunities at Renton Technical College through fundraising and community advocacy. By doing so, they aim to advance the college's capabilities and contribute positively to the region's workforce development.
Official website here: www.foundation.rtc
What are the reviews and ratings of this charity?
Charity Navigator Rating: 91%, Four-Star out of Four Star rating.
The Renton Technical College Foundation has received an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. With a score of 83% in Accountability & Finance and a remarkable 94% in Culture & Community, the foundation demonstrates effective management of its resources and a commitment to fostering a positive environment for stakeholders.
One of the key strengths of the foundation includes its independent board structure, with 100% of members being independent. This governance structure, combined with high scores on financial metrics such as a low liabilities to assets ratio and an excellent program expense ratio, indicates that the foundation uses its funds efficiently to support its mission. Additionally, it excels in collecting and utilizing constituent feedback, earning full marks in this area.
However, there are some limitations noted in the data; specifically, the absence of a conflict of interest policy and a whistleblower policy, which scored zero points. Addressing these gaps could enhance the foundation's governance practices further. Despite these limitations, the foundation's overall performance positions it as a well-managed nonprofit dedicated to its educational mission.
This AI summary has been generated from information found on Charity Navigator.
Is Renton Technical College Foundation legitimate?
Renton Technical College Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Renton Technical College Foundation 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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For more financial information, click here
Official website here: www.foundation.rtc
What is the mission statement of Renton Technical College Foundation?
The Renton Technical College Foundation's mission is to serve their community by promoting career-training opportunities at Renton Technical College. They accomplish this through fundraising and community advocacy. The primary objective of the foundation is to provide resources to students at Renton Technical College, enabling them to achieve their academic and career training goals. During the 2022 fiscal year, the foundation granted scholarships to over 200 students.
Official website here: www.foundation.rtc
What is the revenue of Renton Technical College Foundation?
Renton Technical College Foundation's revenue in 2024 was $1,242,991.
Official website here: www.foundation.rtc
Who are the executives of Renton Technical College Foundation and what are their salaries?
There 18 volunteers at Renton Technical College Foundation.
Here are 19 key members and their salaries:
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- Related: $114,800
- Other: $35,840
Official website here: www.foundation.rtc
Where can I find the form 990 for Renton Technical College Foundation?
Renton Technical College Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.foundation.rtc
Learn more at the official website: www.foundation.rtc
Mission Statement of Renton Technical College Foundation
The Renton Technical College Foundation is committed to serving its local community by advancing career-training opportunities at Renton Technical College. They achieve this goal through both fundraising and community advocacy. The primary objective of the Foundation is to provide ample resources to students at Renton Technical College, enabling them to achieve their academic and career training objectives. During the 2022 fiscal year, the Foundation showed its commitment to this mission by providing scholarships to over 200 students. This support ensures that aspiring professionals in the community have access to the necessary education and training to succeed in their chosen fields.
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Impact
July, 2024
Renton Technical College Foundation's impact can be seen in the lives of more than 200 students who received scholarships during the 2022 fiscal year. By providing these scholarships, the foundation is playing a crucial role in enabling students at Renton Technical College to pursue their academic and career training goals. This support not only helps individual students but also contributes to the overall advancement of career-training opportunities in the regional community. Through fundraising and community advocacy, the foundation is making a meaningful difference in empowering students to achieve their full potential and contribute positively to the workforce.
This information is meant to be a general summary of Renton Technical College Foundation. 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 2024.
- Investment Income: $93,064
- Gross Receipts: $1,867,848
Assets and Liabilities:
- Total Assets: $2,637,337
- Total Liabilities: $6,666
- Net Assets: $2,630,671
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Organization Details
Founding Year
1994
Principal Officer
Carrie Shaw
Website
www.foundation.rtcNTEE Category
Code: B11 - Education
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