Overview
What is The Foundation For Nc A&T State University?
The Foundation For Nc A&T State University, situated in Greensboro, North Carolina, serves as a nonprofit organization dedicated to strengthening ties between the university, its alumni, students, and supporters. Their primary objective is to promote loyalty and tradition, and establish enduring relationships that benefit all parties involved, often referred to as the 'Aggie family'. The Foundation accomplishes this by hosting various events such as alumni reunion weekends, homecoming celebrations, and concerts, as well as investing in scholarships. Their activities not only contribute to the university's growth and development but also aim to ensure a lasting connection between its past, present, and future members.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating. The Foundation For NC A&T State University has received a score that reflects commendable performance in accountability and finance, with a strong emphasis on governance and operational integrity. The organization demonstrates effective management practices, evidenced by its independent board and strong policies on conflict of interest, whistleblower protections, and document retention.
Strengths of the organization include a high program expense ratio of 82.41%, indicating that a significant portion of their funds is directed towards their programs rather than administrative costs. Furthermore, the lack of material diversion of assets and a favorable liabilities to assets ratio of 15.68% suggest solid financial health. These factors contribute to the foundation's ability to maintain transparency and accountability, which are critical for donor trust.
While user reviews are limited, one user highlighted the Foundation as a premier college alumni association, indicating a positive perception among alumni. However, no detailed feedback was available regarding specific programs or community impact, which could provide a more rounded view of the foundation's effectiveness in serving its mission.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is The Foundation For Nc A&T State University legitimate?
The Foundation For Nc A&T State University is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Foundation For Nc A&T State University 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: $0
Other Salaries and Wages: $0
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What is the mission statement of The Foundation For Nc A&T State University?
The Foundation for North Carolina A&T State University's mission is centered around fostering a sense of loyalty and tradition, as well as establishing mutually beneficial relationships with the university's alumni, students, and supporters. The primary goal of the Foundation is to facilitate a collective effort towards the university's future growth and development, aligning with its mission and strategic plan. This is achieved by providing various opportunities for individuals and groups to contribute financially, ensuring the continued progress of the institution.
Who is the CEO of The Foundation For Nc A&T State University?
Kenneth Sigmon is the Chair of The Foundation For Nc A&T State University.
What is the revenue of The Foundation For Nc A&T State University?
The Foundation For Nc A&T State University's revenue in 2022 was $547,666.
Who are the executives of The Foundation For Nc A&T State University and what are their salaries?
Here are 5 key members and their salaries:
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- Related: $113,000
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Where can I find the form 990 for The Foundation For Nc A&T State University?
The Foundation For Nc A&T State University's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Foundation For Nc A&T State University
The Foundation for NC A&T State University is dedicated to fostering a sense of loyalty and tradition among its alumni, students, and supporters. Its primary objective is to establish enduring relationships with these groups, aiming to benefit the university and its strategic growth plans, in line with A&T's mission. The Foundation serves as a platform for individuals and groups to collaborate, ensuring the continued growth and development of the university.
In pursuit of this mission, the Foundation engages in various activities. One of its notable initiatives is the Alumni Scholarship Investment Funds, which provides financial support for scholarships, yet it does not disclose the amount raised or spent in this regard. Another significant event is the Alumni Reunion Weekend, an occasion that brings together alumni, generating revenue of $42,530 while incurring expenses of $109,580. Additionally, the Foundation involves itself in Homecoming activities, such as organizing vendors and hosting a concert, generating revenue and managing expenses within these contexts.
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Impact
July, 2024
The Foundation For Nc A&T State University plays a crucial role in cultivating loyalty and tradition among the university's alumni, students, and friends of the Aggie family. This organization fosters lifelong relationships and provides essential support for the university's growth and development. Through initiatives like alumni engagement events, scholarship investment funds, and other programs, the Foundation contributes significantly to the advancement of education at Nc A&T State University.
This information is meant to be a general summary of The Foundation For Nc A&T State University. 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: $255,929
- Program Service Revenue: $211,820
- Gross Receipts: $547,666
Assets and Liabilities:
- Total Assets: $4,166,261
- Total Liabilities: $767,817
- Net Assets: $3,398,444
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Homecoming Concert
Revenue
$149,167
Alumni Reunion Weekend
Revenue
$39,972
Homecoming Vendors
Revenue
$22,681
Organization Details
Founding Year
1953
Phone
(336) 334-7600Principal Officer
Kenneth Sigmon
Main Address
200 North Benbow Road 300, Greensboro, NC, 27411
NTEE Category
Code: B84 - Education
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