Overview
What is Naval Postgraduate School Foundation Inc?
Naval Postgraduate School Foundation Inc is a nonprofit organization dedicated to supporting and enhancing the mission of the Naval Postgraduate School (NPS). Based in Monterey, California, the Foundation serves over 2,500 students, faculty, and staff members, as well as the surrounding community. It provides financial support for recreational clubs, academic and faculty awards, and research initiatives, investing over $1.75 million since 2020 in the Naval Innovation Center at NPS. The Foundation also sponsors research fellowships, provides funding for early-stage research projects, and hosts visiting research sponsors and industry partners. With a focus on advancing education and research in strategic areas, the Foundation contributes an average of $2.27 million annually to support NPS's mission and functions.
Official website here: www.npsfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 93% (Four-Star out of Four Stars)
The Naval Postgraduate School Foundation Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong financial health and accountability. With a high score of 90% in Accountability & Finance, the organization demonstrates transparency and effective management, highlighted by its independent board structure and robust financial oversight processes. Notably, it has no reported material diversion of assets, showcasing its commitment to responsible stewardship of funds.
Strengths include an impressive program expense ratio of 70.34%, indicating that a significant portion of its resources is directed towards its mission-driven activities. The foundation also exhibits exceptional fundraising efficiency, maintaining low costs for fundraising efforts. Additionally, its working capital ratio of 2.61 years suggests a solid financial buffer to support operations and programs effectively.
However, the organization's Culture & Community score of 77 suggests there may be areas for improvement, particularly in equity strategies and community engagement. This indicates that while the foundation is financially sound, it could enhance its impact by addressing issues related to inclusivity and community participation in its initiatives. Overall, the foundation stands as a reliable and effective nonprofit, with a good balance of financial prudence and mission focus.
This AI summary has been generated from information found on Charity Navigator.
Is Naval Postgraduate School Foundation Inc legitimate?
Naval Postgraduate School Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Naval Postgraduate School 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: $514,072
Professional Fundraising Fees: $0
Other Salaries and Wages: $487,832
For more financial information, click here
Official website here: www.npsfoundation.org
What is the mission statement of Naval Postgraduate School Foundation Inc?
The Naval Postgraduate School Foundation Inc's mission is to support and enhance the mission of the Naval Postgraduate School. This nonprofit organization accomplishes this by working closely with the school's leadership to identify strategic institutional priorities. It also raises, manages, and disburses private gifts to provide an additional edge for continued educational and intellectual discourse in areas of significant importance. This is achieved through four distinct pillars: research funding, institutional advancement, community outreach, and student and faculty recognition. The Foundation is committed to serving the students, faculty, staff, and community of the Naval Postgraduate School, contributing to its standing as the nation's premier national defense research university.
Official website here: www.npsfoundation.org
Who is the CEO of Naval Postgraduate School Foundation Inc?
Rich Patterson is the Ceo of Naval Postgraduate School Foundation Inc. The CEO's salary of Naval Postgraduate School Foundation Inc is $231,554 and their total compensation is $334,545.
Official website here: www.npsfoundation.org
What is the revenue of Naval Postgraduate School Foundation Inc?
Naval Postgraduate School Foundation Inc's revenue in 2022 was $3,948,265.
Official website here: www.npsfoundation.org
Who are the executives of Naval Postgraduate School Foundation Inc and what are their salaries?
The average compensation at Naval Postgraduate School Foundation Inc during 2022 was $91,082. There are 11 employees and 143 volunteers at Naval Postgraduate School Foundation Inc.
Here are 30 key members and their salaries (Naval Postgraduate School Foundation Inc's CEO's salary is $231,554 and their total compensation is $334,545):
- Compensation: $231,554
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Official website here: www.npsfoundation.org
Where can I find the form 990 for Naval Postgraduate School Foundation Inc?
Naval Postgraduate School Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.npsfoundation.org
Learn more at the official website: www.npsfoundation.org
Mission Statement of Naval Postgraduate School Foundation Inc
The Naval Postgraduate School Foundation Inc is a nonprofit organization with a mission to support, promote, and enhance the mission of the Naval Postgraduate School. They achieve this by collaborating with the school's leadership to identify strategic institutional priorities. The foundation's role expands beyond this, as it also raises, manages, and disburses private gifts to provide an added layer of excellence for educational and intellectual discourse in areas of significant national importance. This is accomplished through four distinct pillars: research funding, institutional advancement, community outreach, and student and faculty recognition. The foundation's commitment extends to serving the students, faculty, staff, and community of the Naval Postgraduate School, aiming to elevate the school's standing in its pursuit of knowledge in strategic areas of national defense.
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Impact
October, 2024
The Naval Postgraduate School Foundation Inc significantly enhances the educational and community experience for its nearly 2,500 students, faculty, and staff, primarily consisting of active-duty service members and international students. By fostering a sense of community, the Foundation has established itself as a vital support system within the Naval Postgraduate School (NPS).
Through the establishment of recreational clubs, the Foundation enables over 900 members of the NPS community to engage and build relationships, offering a low-cost membership option that affirms its commitment to accessibility and community cohesion. Events hosted at the Foundation’s headquarters further enrich the experience for students and faculty alike, serving as a central hub for social interaction and networking.
The Foundation also recognizes excellence in academia, offering over $80,000 annually for Quarterly Academic and Faculty and Staff Awards. This initiative not only motivates students and faculty but also elevates the overall academic standards at NPS.
Research initiatives supported by the Foundation demonstrate its forward-thinking approach. With an investment exceeding $1.75 million for the Naval Innovation Center, the Foundation is creating a cutting-edge facility that will drive advanced warfighting solutions and educational opportunities. Additional projects like the Human Enhancement Research Group and Project Athena showcase its commitment to enhancing military readiness and improving research capabilities.
The Defense Innovation Fund and Seed Program further illustrate the Foundation's role in promoting hands-on research and development, allowing students to collaborate with professors and convert innovative ideas into actionable projects. With nearly $2.3 million contributed annually, the Foundation plays an integral role in advancing NPS’s mission and enriches the academic and professional opportunities available to its community.
Overall, the Naval Postgraduate School Foundation Inc's impact is profound, not only promoting educational excellence and innovation but also building a cohesive community that strengthens relationships within the NPS and beyond.
This information is meant to be a general summary of Naval Postgraduate School 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: $198,012
- Gross Receipts: $6,028,947
Assets and Liabilities:
- Total Assets: $10,669,568
- Total Liabilities: $1,382,381
- Net Assets: $9,287,187
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Organization Details
Founding Year
1970
Phone
(831) 656-2339Principal Officer
Rich Patterson
Main Address
P O BOX 8626, MONTEREY, CA, 93943
Website
www.npsfoundation.orgNTEE Category
Code: B11 - Education
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