NonprofitsRaritan Valley Community College Foundation

Education

Raritan Valley Community College Foundation

SOMERVILLE, NJ

Total revenue

$1.8M

Total expenses

$1.4M

Net assets

$5.3M

Grants received

$1.3M

34 grants

EIN

237138731

Tax year

2023

Mission

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 affordable, accessible and quality educational and cultural experiences to the community.

Financials

FY 2023

Revenue

Contributions & grants$1.5M
Program service revenue
Investment income$211K
Other revenue
Total revenue$1.8M

Expenses

Grants paid$1.2M
Salaries & benefits
Fundraising$25K
Other expenses$214K
Total expenses$1.4M
Total assets$5.3M
Net assets$5.3M

People

21 listed

NameRoleCompensation

Dr Michael J McDonough

President

Board

3 hrs/wk

Allan Boomer

Chair

Board

3 hrs/wk

Elissa Santo

Vice Chair

Board

3 hrs/wk

John Trojan

Treasurer (VP of Finance and Facilities)

Board

3 hrs/wk

Gary C Woodring

Asst. Treasurer

Board

3 hrs/wk

Sean Fleming

Board Member

Board

3 hrs/wk

David Bunevich

Board member

Board

2 hrs/wk

Zachary Cole

Board member (student)

Board

2 hrs/wk

Alyssa Darden

Board member

Board

2 hrs/wk

Patrick Delaney

Board member

Board

2 hrs/wk

Michael Schewertfeger

Board member

Board

2 hrs/wk

Joel F Reyes-Guzman

Board member

Board

2 hrs/wk

Steven A Reichman

Board member

Board

2 hrs/wk

Dan Van Tran

Board member

Board

2 hrs/wk

Sandra Faragalla

Board member (student)

Board

2 hrs/wk

Sebastian Galvez

Board member

Board

2 hrs/wk

Parag S Jategaonkar

Board Member

Board

2 hrs/wk

Jomil London

Board member

Board

2 hrs/wk

Gene McCarthy

Board member

Board

2 hrs/wk

Raquel Mura

Board member

Board

2 hrs/wk

Michael Marion

Executive Director

Board

2 hrs/wk

Grants received

Showing 34 of 34

FromAmountPurposeYear
$75K
SCHOLARSHIP GRANT
2024
$6K
PROGRAM SUPPORT
2024
$100
Honors College Fund
2024
$90K
UNRESTRICTED GRANT TO SUPPORT ORGANIZATION'S EXEMPT PURPOSE
2023
$25K
Student of need (financial, tuition , books, childcare - 2.5 GPA or above.} Scholarship Fund
2023
$20K
THE ACHIEVEMENT CENTER AT RVCC
2023
$7K
For grant recipient's exempt purposes
2023
$100K
UNRESTRICTED GRANT TO SUPPORT ORGANIZATION'S EXEMPT PURPOSE
2022
$80K
THE ACHIEVEMENT CENTER AT RVCC
2022
$14K
For grant recipient's exempt purposes
2022
$14K
FOR RECIPIENT'S EXEMPT PURPOSE
2022
$9K
GENERAL SUPPORT
2022
$6K
SPONSORSHIPS
2022
$350
MATCHING GIFTS
2022
$26K
For recipient's exempt purpose
2021
$9K
For grant recipient's exempt purposes
2021
$9K
For grant recipient's exempt purposes
2021
$20K
FOR RECIPIENT'S EXEMPT PURPOSE
2020
$7K
For grant recipient's exempt purposes
2020
$21K
SPECIAL EDUCATION FUNDING
2019
$5K
FUNDED PARTNER DISTRIBUTION
2019
$5K
FUNDED PARTNER DISTRIBUTION
2017

Funded by

$1.3M from 15 funders · 34 grants · 2017–2024

The Ayco Charitable Foundation

$648K · 5 grants · 2019–2024

Community Foundation Of New Jersey

$265K · 3 grants · 2022–2024

The Provident Bank Foundation

$100K · 2 grants · 2022–2023

Area Vii Physicians Review Organization

$75K · 5 grants · 2020–2024

Vanguard Charitable Endowment Program

$59K · 3 grants · 2020–2022

Fidelity Investments Charitable Gift Fund

$45K · 5 grants · 2020–2023

The Joan Capps Foundation Inc

$25K · 1 grant · 2023

The Vision Council Foundation

$12K · 2 grants · 2022–2024

Details

EIN237138731
NTEE codeB41I
Subsection03
Ruling date1982-08
Formed1971
Employees0
Volunteers120
RARITAN VALLEY COMMUNITY COLLEGE FOUNDATION — Mission, Financials & Grants Received | Grantivo