Overview
What is Langston University Foundation?
The Langston University Foundation is a volunteer-driven organization with a mission to raise funds in support of Langston University. Based in Langston, Oklahoma, the foundation solicits donations from alumni and well-wishers to offer scholarships to deserving students at the university. By managing the assets of the foundation and providing volunteer support to the university's development and fundraising programs, the foundation contributes to broadening learning opportunities for students and investing in faculty and staff. The foundation's activities primarily revolve around raising funds for Langston University, thereby empowering students and strengthening the educational institution.
What are the reviews and ratings of this charity?
Charity Navigator rating: 88% (Three-Star out of Four Star rating)
Langston University Foundation has received a commendable Three-Star rating from Charity Navigator, reflecting a solid level of accountability and financial health. The foundation achieved a high score of 88% in the Accountability & Finance category, indicating effective financial management and transparency. Notably, the foundation boasts a fully independent board and has no reported material diversions of assets, which enhances its credibility.
The foundation’s financial statements are well audited, and it shows a strong program expense ratio of 75.56%, demonstrating that a significant portion of its resources is directed towards its mission-driven activities. Additional strengths include having all board members independent and maintaining a clear conflict of interest policy. The timely availability of documentation such as board meeting minutes contributes to its transparency.
However, the foundation has some limitations, particularly the absence of a whistleblower policy and document retention guidelines. While these gaps do not significantly detract from its overall financial health, addressing them could further strengthen its governance framework and enhance stakeholder confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Langston University Foundation legitimate?
Langston University Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Langston University 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: $25,000
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Langston University Foundation?
The Langston University Foundation's mission is centered around raising funds to support Langston University. This volunteer-driven organization plays a crucial role in overseeing fundraising initiatives for the university. Beyond fundraising, they provide volunteer support to Langston University's development and fundraising programs. Furthermore, the foundation's board is responsible for monitoring the administration of its assets, which in turn broadens opportunities for learning for students and continues to invest in faculty and staff.
Who is the CEO of Langston University Foundation?
Marlon James is the Chairman of Langston University Foundation.
What is the revenue of Langston University Foundation?
Langston University Foundation's revenue in 2021 was $1,380,261.
Who are the executives of Langston University Foundation and what are their salaries?
There are 2 employees and 30 volunteers at Langston University Foundation.
Here are 8 key members and their salaries:
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Where can I find the form 990 for Langston University Foundation?
Langston University Foundation's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Langston University Foundation
The Langston University Foundation, a volunteer-driven organization, is dedicated to raising funds to support Langston University. This nonprofit group plays a vital role in overseeing fundraising initiatives aimed at benefiting the university. Beyond fundraising, the Langston University Foundation provides volunteer support to the institution's development and fundraising programs. Additionally, the board of the foundation is responsible for monitoring the administration of its assets. This diligent oversight has resulted in a broadening of opportunities for learning for students and continued investment in faculty and staff at Langston University.
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Impact
July, 2024
Langston University Foundation's impact lies in its essential role in raising funds to support Langston University. By soliciting donations from alumni and friends, the foundation is able to provide scholarships to deserving students at Langston University. This support not only helps students financially but also contributes to the overall advancement of the university. Through the dedication of its volunteers and the careful oversight of fundraising efforts, Langston University Foundation plays a crucial part in broadening educational opportunities for students, investing in faculty and staff, and ensuring the continued growth and success of Langston University.
This information is meant to be a general summary of Langston University 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 2021.
- Investment Income: $159,408
- Gross Receipts: $1,699,377
Assets and Liabilities:
- Total Assets: $6,111,523
- Total Liabilities: $14,924
- Net Assets: $6,096,599
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Organization Details
Founding Year
2007
Phone
(405) 466-3232Principal Officer
Marlon James
Main Address
PO Box 725, Langston, OK, 73050
NTEE Category
Code: B110 - Education
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