Overview
What is The University Of Connecticut Foundation Inc?
The University of Connecticut Foundation Inc, located unspecified, is a nonprofit organization dedicated to supporting the educational, research, and outreach initiatives of the University of Connecticut. By promoting these missions, the foundation contributes significantly to the university's growth and development.
Official website here: www.foundation.uconn
What are the reviews and ratings of this charity?
Charity Navigator gives The University Of Connecticut Foundation Inc a rating of 92%, which translates to a Four-Star out of Four Stars designation. This rating reflects the organization's strong commitment to accountability and finance, scoring 86 in this area, along with a perfect score of 100 for impact and measurement. The foundation boasts a fully independent board, comprising 31 members, and has demonstrated excellence in maintaining transparency and governance practices.
The foundation's financial health is reinforced by its solid ratios, including a low liabilities-to-assets ratio of 4.98%, indicating strong financial stability. The organization shows a commitment to transparency, with all necessary documents and policies, such as conflict of interest and whistleblower policies, readily available on its website. Additionally, its impact evaluation efforts are rated highly, indicating a focus on measuring the effectiveness of its programs, particularly in UConn's Engineering and STEM Career Development initiatives.
However, while the foundation performs well in many areas, it has a program expense ratio of 51.40%, which may suggest that a significant portion of its funds is allocated toward administrative and fundraising efforts rather than direct programmatic activities. The fundraising efficiency ratio at $0.25 further highlights the need for improvement in fundraising practices. Overall, The University Of Connecticut Foundation Inc shows strong governance and financial practices, with some room for enhancement in program funding and fundraising efficiency.
This AI summary has been generated from information found on Charity Navigator.
Is The University Of Connecticut Foundation Inc legitimate?
The University Of Connecticut Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The University Of Connecticut 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: $1,658,432
Professional Fundraising Fees: $870,295
Other Salaries and Wages: $16,236,837
For more financial information, click here
Official website here: www.foundation.uconn
What is the mission statement of The University Of Connecticut Foundation Inc?
The University of Connecticut Foundation functions as a catalyst for advancing the academic and research objectives of the university. Its primary role is to support and enhance the educational pursuits, research initiatives, and outreach programs of the institution. The foundation's mission is aligned with that of the university, working tirelessly to foster growth and innovation. By providing resources and funding, the foundation plays a crucial role in expanding the scope and impact of the university's activities. Its efforts are essential in driving progress and ensuring the continued success of the educational community it serves.
Official website here: www.foundation.uconn
Who is the CEO of The University Of Connecticut Foundation Inc?
Amy Yancey is the CEO of The University Of Connecticut Foundation Inc The CEO's salary of The University Of Connecticut Foundation Inc is $0 and their total compensation is $0.
Official website here: www.foundation.uconn
What is the revenue of The University Of Connecticut Foundation Inc?
The University Of Connecticut Foundation Inc's revenue in 2024 was $97,529,610.
Official website here: www.foundation.uconn
Who are the executives of The University Of Connecticut Foundation Inc and what are their salaries?
The average compensation at The University Of Connecticut Foundation Inc during 2024 was $72,745. There are 246 employees and 225 volunteers at The University Of Connecticut Foundation Inc.
Here are 44 key members and their salaries (The University Of Connecticut Foundation Inc's CEO's salary is $0 and their total compensation is $0):
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- Compensation: $384,883
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- Compensation: $151,572
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- Other: $22,934
Official website here: www.foundation.uconn
Where can I find the form 990 for The University Of Connecticut Foundation Inc?
The University Of Connecticut Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.foundation.uconn
Learn more at the official website: www.foundation.uconn
Mission Statement of The University Of Connecticut Foundation Inc
The University of Connecticut Foundation, a key institutionally related organization, is dedicated to advancing the academic, research, and outreach objectives of the University of Connecticut. By solely focusing on enhancing the university's missions, it contributes significantly to the overall growth and development of the educational institution.
In essence, the University of Connecticut Foundation functions as a catalyst, facilitating various initiatives that align with the university's prime areas of focus. Its primary role is to generate support and resources for the university, ensuring its continued success in the academic, research, and outreach spheres. This foundation's commitment to its mission enables the University of Connecticut to maintain its standing as a leading institution and make a positive impact in the academic community.
Throughout its operations, the University of Connecticut Foundation remains steadfast in its role to promote the university's educational, research, and outreach missions. By fostering partnerships and securing resources, it enables the University of Connecticut to further expand its influence and reach, fostering an environment of ongoing innovation and progress.
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Impact
October, 2024
The University of Connecticut Foundation Inc plays a crucial role in advancing the educational, research, and outreach initiatives of the University of Connecticut. By providing financial support and resources, the foundation enables the university to enhance its academic programs, foster innovative research, and extend vital community outreach. This support is instrumental in attracting and retaining talented faculty and students, developing new programs, and ensuring that the university remains a leader in higher education. The foundation’s commitment serves not only to elevate the university's stature but also to enrich the lives of students and the broader community in Connecticut and beyond.
This information is meant to be a general summary of The University Of Connecticut 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 2024.
- Investment Income: $18,265,491
- Program Service Revenue: $13,853,302
- Gross Receipts: $97,671,086
Assets and Liabilities:
- Total Assets: $744,628,423
- Total Liabilities: $36,854,315
- Net Assets: $707,774,108
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
UNIVERSITY FEE FOR SERVICES
Revenue
$13,500,000
UNIVERSITY ENDOWMENT ADMIN FEE
Revenue
$353,302
Organization Details
Founding Year
1964
Phone
(860) 486-5000Principal Officer
Amy Yancey
Main Address
2390 ALUMNI DR UNIT 3206, STORRS, CT, 06269
Website
www.foundation.uconnNTEE Category
Code: B110 - Education
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