Overview
What is Lock Haven University Foundation?
Lock Haven University Foundation is a nonprofit organization situated in Lock Haven, Pennsylvania, with an address at 300 Foundation Drive 212. Its primary mission is to support Lock Haven University's academic programs, focusing on facility upgrades, faculty enhancements, global honors programs, international education, science education, student enhancements, and intercollegiate athletics. To achieve this objective, the foundation works diligently to generate and manage resources for the benefit of the university and its students, ensuring a thriving educational environment. With a team of 14 dedicated individuals, the Lock Haven University Foundation makes a significant impact in nurturing and enriching the learning experience of the university's students.
Official website here: www.lhufoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Star rating)
The Lock Haven University Foundation has received an overall score of 85% from Charity Navigator, reflecting a solid level of accountability and financial performance. The charity's score is derived entirely from its Accountability & Finance metrics, highlighting a commitment to transparency and responsible management of resources.
Key strengths include a fully independent board with a total of 16 members, no material diversion of assets, and robust policies in place for conflict of interest and whistleblower protection. The foundation also demonstrates a strong program expense ratio of 71.50%, indicating that a significant portion of its funds is directed towards its mission-related activities.
However, the organization has a liabilities to assets ratio of 43.60%, which may suggest some level of financial risk. While this is not unusual for nonprofits, it points to the necessity for ongoing vigilance in managing financial health. Overall, the foundation appears to be well-run, with a focus on accountability and effective use of funds.
This AI summary has been generated from information found on Charity Navigator.
Is Lock Haven University Foundation legitimate?
Lock Haven University Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lock Haven 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
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Other Salaries and Wages: $222,782
For more financial information, click here
Official website here: www.lhufoundation.org
What is the mission statement of Lock Haven University Foundation?
The Lock Haven University Foundation's mission is centered around generating and managing resources, aiming to benefit Lock Haven University and its students. This mission is executed by supporting the university's academic programs, focusing on areas such as facility upgrades, faculty enhancements, global honors programs, international education, science education, student enhancements, and intercollegiate athletics, as outlined in the university's case for support.
Official website here: www.lhufoundation.org
Who is the CEO of Lock Haven University Foundation?
Jeffrey Parker is the Chair of Lock Haven University Foundation.
Official website here: www.lhufoundation.org
What is the revenue of Lock Haven University Foundation?
Lock Haven University Foundation's revenue in 2022 was $2,532,205.
Official website here: www.lhufoundation.org
Who are the executives of Lock Haven University Foundation and what are their salaries?
The average compensation at Lock Haven University Foundation during 2022 was $15,913. There are 14 employees at Lock Haven University Foundation.
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Official website here: www.lhufoundation.org
Where can I find the form 990 for Lock Haven University Foundation?
Lock Haven University Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lhufoundation.org
Learn more at the official website: www.lhufoundation.org
Mission Statement of Lock Haven University Foundation
The Lock Haven University Foundation, as a nonprofit organization, is committed to procuring and managing resources for the advantage of Lock Haven University and its students. In line with this mission, the foundation supports the academic programs of the university, aligning with its case for support. This encompasses various areas such as facility upgrades, faculty enhancements, global honors programs, international education, science education, and student enhancements. Additionally, the foundation is involved in intercollegiate athletics, aiming to contribute to the overall development and success of Lock Haven University and its students.
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Impact
October, 2024
The Lock Haven University Foundation significantly enhances the educational experience at Lock Haven University by generating and managing resources that directly support various academic programs. Its efforts enable critical facility upgrades, enrich faculty capabilities, and foster global honors initiatives and international education opportunities. By focusing on key areas like science education and intercollegiate athletics, the foundation plays a vital role in promoting student success and enhancing the overall quality of education at the university. Through its dedicated support, the foundation ensures that students have access to improved resources and opportunities that prepare them for successful futures.
This information is meant to be a general summary of Lock Haven 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 2022.
- Investment Income: $1,099,336
- Program Service Revenue: $526,442
- Gross Receipts: $13,506,376
Assets and Liabilities:
- Total Assets: $27,652,723
- Total Liabilities: $13,661,955
- Net Assets: $13,990,768
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SPECIAL EVENTS
Revenue
$265,117
OTHER UNIVERSITY PROGRAMS
Revenue
$261,325
Organization Details
Founding Year
1967
Phone
(570) 484-2298Principal Officer
Jeffrey Parker
Main Address
300 FOUNDATION DRIVE 212, LOCK HAVEN, PA, 17745
Website
www.lhufoundation.orgNTEE Category
Code: B43I - Education
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