Overview
What is Northern Kentucky University Foundation Inc?
The Northern Kentucky University Foundation is a nonprofit organization dedicated to backing Northern Kentucky University by providing scholarships, financial aid, and additional support programs. Their mission encompasses securing, investing, and stewarding private resources to bolster the university, advocating for its best interests, and fostering enduring relationships with alumni and benefactors. Their initiatives span instruction, public service, and university facilities and equipment acquisition.
Official website here: www.foundation.nku
What are the reviews and ratings of this charity?
Charity Navigator Rating 100%
The Northern Kentucky University Foundation Inc has achieved an impressive Four-Star out of Four Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. With a perfect score in key areas such as board independence and financial oversight, the organization demonstrates a high level of integrity in its operations. The foundation's transparency is also evident, as it maintains clear policies for conflict of interest, whistleblowing, and document retention.
The foundation's financial management shows a healthy balance, with a low liabilities-to-assets ratio and a high percentage of expenses allocated directly to programs. This indicates that the majority of funds raised are effectively used to support the foundation's mission, rather than being spent on administrative costs. Their efficiency in fundraising is notable, showcasing a very low cost per dollar raised, which speaks to the effectiveness of their fundraising strategies.
Overall, the Northern Kentucky University Foundation Inc excels in governance and financial responsibility. There are no significant limitations noted in the evaluation, making it a commendable choice for donors looking to support a well-managed organization.
This AI summary has been generated from information found on Charity Navigator.
Is Northern Kentucky University Foundation Inc legitimate?
Northern Kentucky University Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Northern Kentucky 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.nku
What is the mission statement of Northern Kentucky University Foundation Inc?
The Northern Kentucky University Foundation functions to advance Northern Kentucky University by procuring scholarships, financial aid, and additional support programs. Its primary objective is to manage and allocate private resources towards the betterment of the university. The foundation champions the interests of Northern Kentucky University and cultivates enduring relationships with alumni and benefactors. Their initiatives encompass instruction, public service, and the acquisition of university facilities and equipment.
Official website here: www.foundation.nku
What is the revenue of Northern Kentucky University Foundation Inc?
Northern Kentucky University Foundation Inc's revenue in 2023 was $7,523,777.
Official website here: www.foundation.nku
Who are the executives of Northern Kentucky University Foundation Inc and what are their salaries?
There 67 volunteers at Northern Kentucky University Foundation Inc.
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Official website here: www.foundation.nku
Where can I find the form 990 for Northern Kentucky University Foundation Inc?
Northern Kentucky University Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.foundation.nku
Learn more at the official website: www.foundation.nku
Mission Statement of Northern Kentucky University Foundation Inc
The Northern Kentucky University Foundation, a notable nonprofit organization, is dedicated to advancing Northern Kentucky University (NKU) by securing, investing, and stewarding private resources. Its primary mission is to provide support for the university through scholarships, financial aid, and various other programs. The Foundation's ultimate goal is to advocate for NKU's interests and build lasting relationships with alumni and friends.
By securing private resources, the Northern Kentucky University Foundation plays a vital role in enhancing the educational experience at NKU. These resources are then invested and carefully managed to ensure their growth and effectiveness. The Foundation distributes these funds to various university programs, enabling NKU to offer valuable opportunities to its students and faculty.
Additionally, the Northern Kentucky University Foundation serves as a champion for NKU, advocating on its behalf and promoting its interests in the community. The organization's commitment to fostering strong relationships with alumni and friends further strengthens the university's network and support system. Through its mission, the Northern Kentucky University Foundation is a crucial partner in the ongoing success and development of Northern Kentucky University.
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Impact
October, 2024
Northern Kentucky University Foundation Inc significantly impacts the educational landscape of the region by enhancing access to higher education through scholarships and financial aid. By securing, investing, and distributing private resources, the foundation fosters an environment where students can pursue their academic goals without the heavy burden of financial stress.
Furthermore, it advocates for the university's interests, ensuring that Northern Kentucky University remains a vital educational institution. This advocacy is crucial for sustaining and expanding academic programs, enhancing public service initiatives, and improving university facilities and equipment. The foundation also plays a key role in building enduring relationships with alumni and friends, fostering a supportive community that contributes to the university’s growth and success. Ultimately, the foundation’s efforts not only support current students but also strengthen the university's future, enhancing its impact on the wider community in Highland Heights and beyond.
This information is meant to be a general summary of Northern Kentucky 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 2023.
- Investment Income: $3,065,375
- Gross Receipts: $18,568,036
Assets and Liabilities:
- Total Assets: $145,851,936
- Total Liabilities: $15,693,869
- Net Assets: $130,158,067
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Organization Details
Founding Year
1970
Principal Officer
Thomas Wiedemann
Website
www.foundation.nkuNTEE Category
Code: B110 - Education
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