Overview
What is Kennesaw State University Foundation Inc?
The Kennesaw State University Foundation Inc, located at 1000 Chastain Road 9101, Kennesaw, GA, 30144, acts as an advocate for Kennesaw State University and manages various facilities to support the institution. Their activities encompass student housing, parking, office spaces, dining venues, and sports and recreation facilities. Additionally, they are responsible for receiving, investing, accounting for, and allocating private donations and contributions to benefit Kennesaw State University.
Official website here: www.foundation.kennesaw.edu
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 87% (Three-Star out of Four Star rating)
Kennesaw State University Foundation Inc has been rated with an overall score of 87%, indicating a solid performance in terms of accountability and finance. The rating is heavily influenced by its strong accountability practices, with 100% of the score derived from this category. The organization exhibits a high percentage of independent board members, ensuring strong governance and oversight.
The foundation has demonstrated a commitment to financial transparency, as evidenced by its comprehensive audit and oversight measures. It has a high program expense ratio of 96.31%, meaning that a significant portion of its expenses are directed toward its charitable programs. Furthermore, the foundation has robust policies in place, including conflict of interest, whistleblower, and document retention policies, which contribute to its overall accountability.
However, the organization has a liabilities to assets ratio of 67.06%, which may indicate some financial risk and warrants attention. While the foundation shows strength in governance and program expenses, monitoring its financial health and ensuring a balance between assets and liabilities will be crucial for its sustainability and continued impact.
This AI summary has been generated from information found on Charity Navigator.
Is Kennesaw State University Foundation Inc legitimate?
Kennesaw State University Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kennesaw State 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:
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For more financial information, click here
Official website here: www.foundation.kennesaw.edu
What is the mission statement of Kennesaw State University Foundation Inc?
The Kennesaw State University Foundation serves as an advocate for the university and manages the reception, investment, accounting, and allocation of private donations to support its academic and operational needs. Its mission is to advocate for Kennesaw State University and manage contributions to enhance the university's educational environment. The foundation leases various facilities to the university, including student housing, parking, offices, dining halls, and sports and recreation centers. These resources contribute to the overall student experience and learning environment at Kennesaw State University.
Official website here: www.foundation.kennesaw.edu
Who is the CEO of Kennesaw State University Foundation Inc?
Lance Burchett is the Principal Officer of Kennesaw State University Foundation Inc. The CEO's salary of Kennesaw State University Foundation Inc is $0 and their total compensation is $290,760.
Official website here: www.foundation.kennesaw.edu
What is the revenue of Kennesaw State University Foundation Inc?
Kennesaw State University Foundation Inc's revenue in 2022 was $60,637,080.
Official website here: www.foundation.kennesaw.edu
Who are the executives of Kennesaw State University Foundation Inc and what are their salaries?
There 60 volunteers at Kennesaw State University Foundation Inc.
Here are 60 key members and their salaries (Kennesaw State University Foundation Inc's CEO's salary is $0 and their total compensation is $290,760):
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- Other: $29,524
Official website here: www.foundation.kennesaw.edu
Where can I find the form 990 for Kennesaw State University Foundation Inc?
Kennesaw State University Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.foundation.kennesaw.edu
Learn more at the official website: www.foundation.kennesaw.edu
Mission Statement of Kennesaw State University Foundation Inc
Kennesaw State University Foundation Inc, with a mission to advocate for Kennesaw State University, is dedicated to receiving, investing, accounting for, and allocating private gifts and contributions in support of the institution. The foundation serves as a crucial bridge between donors and the university, ensuring that resources are effectively utilized to further the educational goals and objectives of Kennesaw State University.
Moreover, the foundation plays an essential role in providing student housing, parking, office spaces, dining facilities, and sports and recreation facilities to the university. By doing so, it enhances the overall student experience, creating an enriching and vibrant campus environment. The foundation's contributions extend beyond the physical infrastructure, as it also supports various academic, research, and community programs at Kennesaw State University. This commitment to the university's growth and success is a testament to its unwavering dedication and passion for advancing the mission of Kennesaw State University.
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Impact
October, 2024
Kennesaw State University Foundation Inc plays a crucial role in enhancing the educational experience at Kennesaw State University by serving as a dedicated advocate for its initiatives. The foundation is instrumental in managing private gifts and contributions, ensuring that these resources are effectively invested and allocated to support the university's mission.
Its impact extends to providing essential facilities for students, including housing, parking, dining, and spaces for sports and recreation. By facilitating these services, the foundation contributes to a vibrant campus environment that fosters student engagement and success. This support not only enriches the academic landscape but also strengthens the overall sense of community at Kennesaw State University, making it a more attractive and supportive place for students to learn and grow.
This information is meant to be a general summary of Kennesaw State 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: $1,184,452
- Program Service Revenue: $46,472,563
- Gross Receipts: $100,466,050
Assets and Liabilities:
- Total Assets: $526,662,340
- Total Liabilities: $378,121,018
- Net Assets: $148,541,322
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LEASING INCOME
Revenue
$46,104,543
MANAGEMENT FEE INCOME
Revenue
$368,020
Organization Details
Founding Year
1969
Phone
(470) 578-6675Principal Officer
Lance Burchett
Main Address
1000 CHASTAIN ROAD 9101, KENNESAW, GA, 30144
Website
www.foundation.kennesaw.eduNTEE Category
Code: B110 - Education
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