Overview
What is Grambling University Foundation Inc?
Grambling University Foundation Inc, established in Grambling, Louisiana, serves as a vital partner to Grambling State University. Its primary objective is to collect, manage, and distribute funds for the benefit of the university, contributing to its accreditation process as outlined by the Commission on Colleges for the Southern Association of Colleges and Schools. The foundation and the university share a management agreement concerning endowed chairs and professorships, further bolstering the academic community. This nonprofit organization plays a crucial role in supporting Grambling State University's growth and development.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Grambling University Foundation Inc has received a two-star rating from Charity Navigator, indicating a need for improvement. The organization scored 69% overall, with strong performance in areas such as accountability and finance. Notably, the foundation has a fully independent board, demonstrating good governance practices, and maintains high program expense ratios, indicating that a significant portion of its funds are directed toward its mission.
However, the foundation has room for improvement, particularly in its fundraising efficiency, which scored 0 out of 25 points. This suggests that the organization may struggle to raise funds effectively relative to its expenses. Additionally, while the liabilities to assets ratio reflects some financial risk, the working capital ratio indicates a healthy buffer, allowing for operational sustainability in the short term.
Overall, while the Grambling University Foundation has commendable governance and program funding, challenges remain in fundraising efficiency and financial leverage that could impact its future growth and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Grambling University Foundation Inc legitimate?
Grambling University Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Grambling University Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Grambling University Foundation Inc?
The Grambling University Foundation Inc was established with the primary objective of collecting, managing, and distributing funds for the advantage of Grambling State University. This foundation plays a crucial role in helping Grambling State University meet the requirements for accreditation, as outlined by the Commission on Colleges for the Southern Association of Colleges and Schools. Furthermore, Grambling State University and the foundation are involved in a management agreement pertaining to endowed chairs and professorships. Essentially, the Grambling University Foundation Inc supports the academic growth and development of Grambling State University by securing and managing funds, ensuring the university adheres to accreditation standards, and collaborating on endowed positions.
Who is the CEO of Grambling University Foundation Inc?
Richard Rayford Md is the Director of Grambling University Foundation Inc.
What is the revenue of Grambling University Foundation Inc?
Grambling University Foundation Inc's revenue in 2021 was $2,072,551.
Who are the executives of Grambling University Foundation Inc and what are their salaries?
There 12 volunteers at Grambling University Foundation Inc.
Here are 15 key members and their salaries:
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- Other: $16,363
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- Other: $81,800
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- Related: $100,269
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Where can I find the form 990 for Grambling University Foundation Inc?
Grambling University Foundation Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Grambling University Foundation Inc
The Grambling University Foundation Inc, established with the purpose of soliciting, receiving, holding, investing, and transferring funds, plays a crucial role in supporting Grambling State University. The foundation's primary mission is to aid Grambling State University in meeting the criteria for accreditation, as outlined by the Commission on Colleges for the Southern Association of Colleges and Schools. In addition to this, Grambling University Foundation Inc and Grambling State University have entered into a management agreement regarding endowed chairs and professorships. This collaboration allows the foundation to contribute significantly to the academic excellence and accreditation of Grambling State University.
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Impact
July, 2024
Grambling University Foundation Inc's impact is crucial in supporting Grambling State University in meeting accreditation criteria set by the Commission on Colleges for the Southern Association of Colleges and Schools. Additionally, the foundation plays a key role in managing endowed chairs and professorships at the university. Through soliciting, receiving, investing, and transferring funds, the foundation ensures the continued growth and success of Grambling State University's academic programs. They are a vital partner in enhancing the educational opportunities available to students and faculty.
This information is meant to be a general summary of Grambling University Foundation 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 2021.
- Investment Income: $676,709
- Program Service Revenue: $38,325
- Gross Receipts: $2,072,551
Assets and Liabilities:
- Total Assets: $8,111,552
- Total Liabilities: $6,563,933
- Net Assets: $1,547,619
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOMECOMING AND CAMPUS
Revenue
$33,525
ROARING TIGER
Revenue
$4,800
Organization Details
Founding Year
2005
Phone
(318) 274-6426Principal Officer
Richard Rayford Md
Main Address
PO BOX 587, GRAMBLING, LA, 712451183
NTEE Category
Code: B19 - Education
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