Overview
What is Kean University Foundation Inc?
Kean University Foundation Inc is a nonprofit organization that is dedicated to fostering a strong support network for Kean University. Their primary mission is to cultivate a loyal donor base comprising alumni, faculty, staff, benefactors, corporations, and foundations, all of whom share a common goal of advancing Kean's success. To achieve this objective, the foundation raises funds to bolster the university's resources and initiatives, playing a crucial role in its continued growth and development.
Official website here: www.keanfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 52% (One-Star out of Four Stars)
Kean University Foundation Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial management. The organization scored 47 in the Accountability & Finance category, suggesting potential areas for improvement. Despite this, it has demonstrated strong governance practices, with 95% of its board members being independent and a robust audit and oversight committee in place.
The foundation excels in its culture and community engagement, achieving a high score of 97. This reflects a strong commitment to its mission and the communities it serves. Furthermore, it has implemented various policies, including conflict of interest and whistleblower protections, which enhance its operational integrity.
While the organization displays strengths in governance and community involvement, its low financial accountability score raises questions. Stakeholders may want to consider these factors when assessing the foundation's overall effectiveness and impact in supporting its educational initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Kean University Foundation Inc legitimate?
Kean University Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kean 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: $586,400
Professional Fundraising Fees: $0
Other Salaries and Wages: $264,334
For more financial information, click here
Official website here: www.keanfoundation.org
What is the mission statement of Kean University Foundation Inc?
The Kean University Foundation Inc's mission is to foster a dedicated group of supporters, comprising of alumni, faculty, staff, benefactors, corporations, and foundations, who are invested in the prosperity and objectives of Kean University. The primary role of the foundation is to amass funds, aiming to bolster the university's growth and success.
Official website here: www.keanfoundation.org
Who is the CEO of Kean University Foundation Inc?
William Miller is the Director of Kean University Foundation Inc. The CEO's salary of Kean University Foundation Inc is $270,000 and their total compensation is $281,262.
Official website here: www.keanfoundation.org
What is the revenue of Kean University Foundation Inc?
Kean University Foundation Inc's revenue in 2022 was $11,069,195.
Official website here: www.keanfoundation.org
Who are the executives of Kean University Foundation Inc and what are their salaries?
The average compensation at Kean University Foundation Inc during 2022 was $121,533. There are 7 employees at Kean University Foundation Inc.
Here are 27 key members and their salaries (Kean University Foundation Inc's CEO's salary is $270,000 and their total compensation is $281,262):
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- Compensation: $125,705
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- Other: $10,105
- Compensation: $102,116
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- Other: $672
Official website here: www.keanfoundation.org
Where can I find the form 990 for Kean University Foundation Inc?
Kean University Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.keanfoundation.org
Learn more at the official website: www.keanfoundation.org
Mission Statement of Kean University Foundation Inc
Kean University Foundation Inc, as an organization, is dedicated to raising funds to support the success of Kean University. Their mission is to build and sustain a strong network of donors, consisting of alumni, faculty, staff, friends, corporations, and foundations, who share a commitment to the university's goals. The foundation's primary objective is to raise funds, thereby contributing to the university's ongoing development and growth.
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Impact
October, 2024
Kean University Foundation Inc significantly enhances the educational landscape by raising funds that directly support Kean University. Through the establishment and maintenance of a robust donor base comprising alumni, faculty, staff, friends, corporations, and foundations, the foundation is dedicated to fostering the success of the university and advancing its goals. This collaborative effort ensures the availability of resources necessary for scholarships, academic programs, and campus improvements, ultimately enriching the student experience and promoting educational excellence in the community of Union, NJ.
This information is meant to be a general summary of Kean 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 2022.
- Investment Income: $4,328,090
- Program Service Revenue: $2,755,991
- Gross Receipts: $22,094,665
Assets and Liabilities:
- Total Assets: $95,899,383
- Total Liabilities: $1,244,406
- Net Assets: $94,654,977
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEPARTMENT GENERATED REVENUE
Revenue
$2,747,869
OTHER INCOME
Revenue
$8,122
Organization Details
Founding Year
1984
Phone
(908) 316-8920Principal Officer
William Miller
Main Address
1000 MORRIS AVENUE, UNION, NJ, 07083
Website
www.keanfoundation.orgNTEE Category
Code: B110 - Education
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