Raritan Valley Community College Foundation

Organization Overview

Raritan Valley Community College Foundation is located in Somerville, NJ. The organization was established in 1982. According to its NTEE Classification (B41) the organization is classified as: Two-Year Colleges, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Raritan Valley Community College Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2021, Raritan Valley Community College Foundation generated $1.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $890.9k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF THE FOUNDATION IS TO RAISE FUNDS ABOVE AND BEYOND THE PUBLIC TUITON SOURCES AND TO PROMOTE AWARENESS OF THE INSTITUTION. THE FOUNDATION DIRECTS THESE FUNDS TO ASSIST THE COLLEGE IN PROVIDING

Describe the Organization's Program Activity:

Part 3 - Line 4a

EDUCATIONAL ACTIVITIES AND ASSISTANCE TO RARITAN VALLEY COMMUNITY COLLEGE'S 7,080 STUDENTS


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Board, Officers & Key Employees

Name (title)Compensation
Clint Wallace
Vice Chair
$0
Stacey Kimmins
Chair
$0
John Trojan
Treasurer (rvcc VP Finance & Facilities)
$0
Gary C Woodring
Asst. Treasurer
$0
Andrew Borkin
Secretary
$0
Michael Marion
Foundation Executive Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$71,610
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$1,211,546
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,283,156
Total Program Service Revenue$0
Investment income $74,283
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $121,857
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,479,296

Grants Recieved

Over the last fiscal year, we have identified 6 grants that Raritan Valley Community College Foundation has recieved totaling $74,639.

Awarding OrganizationAmount
Ers Charitable Fund Inc

Oldwick, NJ

PURPOSE: GENERAL

$25,000
Community Foundation Of New Jersey

Morristown, NJ

PURPOSE: GENERAL SUPPORT

$22,500
Area Vii Physicians Review Organization Inc

East Brunswick, NJ

PURPOSE: NURSING EDUCATION

$15,000
Robert Sidney Needham Foundation

Las Vegas, NV

PURPOSE: SCHOALRSHIPS

$10,000
Virginia Borman Butkosky Memorial Scholarship Fund Tr

Dallas, TX

PURPOSE: UNRESTRICTED GENERAL

$2,087
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$52
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$1,122,851
Earnings$14,593
Net Contributions$2,000
Other Expense$4,880
Ending Balance$1,134,564

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