Overview
What is Los Rios Colleges Foundation?
Los Rios Colleges Foundation is a nonprofit organization headquartered in Sacramento, California, specifically at 1919 Spano Court. Its primary mission is to enhance student success and develop a skilled workforce by raising private philanthropic funds. During the pandemic, the foundation played a crucial role in supporting students, particularly addressing their basic needs, housing, and food insecurities through the Student Emergency Fund. Additionally, scholarships were awarded to 601 students across the four Los Rios colleges, covering tuition fees, textbooks, transportation, and living expenses for those with substantial financial needs or outstanding academic performance. The scholarship program prioritizes deserving students from diverse backgrounds, including foster youth, veterans, single parents, and low-income populations.
Official website here: www.foundation.losrios.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Star Rating)
The Los Rios Colleges Foundation has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong accountability and financial health. The organization has scored a perfect 100% in most critical aspects, including the independence of its board members and the absence of material diversion of assets, indicating robust governance and a commitment to ethical standards.
The foundation demonstrates exceptional efficiency in its operations, with a program expense ratio of 90.12%, meaning a significant portion of its funds directly supports its programs. Additionally, its fundraising efficiency is outstanding, requiring only $0.01 to raise a dollar, showcasing its effective use of resources to garner support.
While the organization shows remarkable strengths, it's always important for potential donors to review their own values and priorities when considering support. The foundation’s financial practices and transparency stand out, yet the overall impact of its programs may also be a key factor for individuals evaluating their contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Los Rios Colleges Foundation legitimate?
Los Rios Colleges Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Los Rios Colleges 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.foundation.losrios.edu
What is the mission statement of Los Rios Colleges Foundation?
The Los Rios Colleges Foundation's mission is centered around raising private philanthropic gifts to cater to the needs of students and faculty. Their primary objective is to enhance student success and contribute to the preparation of a well-educated workforce. They accomplish this by offering scholarships and emergency grants to students, as well as providing support to college programs. During the pandemic, direct student support became crucial, helping students recover and continue their education by addressing basic needs, housing, and food insecurities. Generous individuals, corporations, foundations, and employees awarded scholarships to 601 students, covering tuition fees, textbooks, transportation, and living expenses for students with significant financial needs and outstanding academic performance. The Los Rios Scholarship Program supports deserving students from various backgrounds, including foster youth, veterans, single parents, and low-income populations.
Official website here: www.foundation.losrios.edu
Who is the CEO of Los Rios Colleges Foundation?
Paula Allison is the Ex-Officio of Los Rios Colleges Foundation.
Official website here: www.foundation.losrios.edu
What is the revenue of Los Rios Colleges Foundation?
Los Rios Colleges Foundation's revenue in 2022 was $5,280,788.
Official website here: www.foundation.losrios.edu
Who are the executives of Los Rios Colleges Foundation and what are their salaries?
There 26 volunteers at Los Rios Colleges Foundation.
Here are 30 key members and their salaries:
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Official website here: www.foundation.losrios.edu
Where can I find the form 990 for Los Rios Colleges Foundation?
Los Rios Colleges Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.foundation.losrios.edu
Learn more at the official website: www.foundation.losrios.edu
Mission Statement of Los Rios Colleges Foundation
The Los Rios Colleges Foundation is dedicated to improving student success and preparing an educated workforce through philanthropy. In pursuit of this mission, the organization raises private philanthropic gifts to support the needs of students and faculty. Their primary aim is to provide scholarships and emergency grants to students, thereby alleviating financial burdens and enabling them to focus on their studies. The foundation also supports college programs, ensuring that they are well-equipped to cater to the needs of their students.
During the pandemic, the Los Rios Colleges Foundation's efforts became more critical than ever. Direct student support became a priority to keep students in school and help them overcome the challenges posed by the pandemic. The Student Emergency Fund was instrumental in addressing basic needs, housing, and food insecurity among students. The foundation also awarded scholarships to 601 students across the four Los Rios colleges. These scholarships covered various expenses, including tuition fees, textbooks, transportation, and living expenses. The Los Rios Scholarship Program is specifically designed to support deserving students from vulnerable populations, such as foster youth, veterans, single parents, and low-income individuals at risk.
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Impact
July, 2024
Los Rios Colleges Foundation's impact is significant in improving student success and preparing an educated workforce through philanthropy. Direct student support provided by the foundation has been crucial in keeping students in school and helping them succeed, particularly as they recover from the effects of the pandemic. The Student Emergency Fund has assisted students with basic needs, housing, and food insecurity, ensuring they can focus on their education.
The foundation awards scholarships to 601 students across the four Los Rios colleges, covering tuition fees, textbooks, transportation, and living expenses. These scholarships are made possible by generous individuals, corporations, foundations, and employees who recognize the importance of supporting students with high financial need and outstanding academic performance. The Los Rios Scholarship Program specifically targets deserving students, including foster youth, veterans, single parents, and at-risk low-income populations, providing them with the resources they need to pursue their educational goals.
Overall, by raising private philanthropic gifts and providing scholarships and emergency grants to students, as well as supporting college programs, the Los Rios Colleges Foundation plays a crucial role in enhancing student success and contributing to the development of a well-educated workforce in the community.
This information is meant to be a general summary of Los Rios Colleges 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 2022.
- Investment Income: $737,358
- Gross Receipts: $10,256,293
Assets and Liabilities:
- Total Assets: $19,783,162
- Total Liabilities: $40,662
- Net Assets: $19,742,500
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Organization Details
Founding Year
1978
Phone
(916) 568-3075Principal Officer
Paula Allison
Main Address
1919 SPANOS CT, SACRAMENTO, CA, 958253981
Website
www.foundation.losrios.eduNTEE Category
Code: B82 - Education
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