Overview
What is Western Carolina University Foundation?
The Western Carolina University Foundation is a nonprofit organization, situated in Cullowhee, North Carolina. With a dedicated team of six individuals, its primary mission is to provide financial aid and scholarships to deserving students. Beyond supporting students, the foundation also extends its financial assistance to various departments within Western Carolina University. In essence, the Western Carolina University Foundation plays a crucial role in bolstering the university's overall financial well-being.
What are the reviews and ratings of this charity?
**: Charity Navigator Rating 95%, Four-Star out of Four Stars **tar rating**
The Western Carolina University Foundation has achieved an impressive four-star rating with Charity Navigator, reflecting its strong commitment to accountability and financial integrity. The organization scored a perfect 100% in several critical areas, including the independence of its board and the absence of any material diversion of assets. These factors highlight the foundation's robust oversight and governance structures.
Additionally, the foundation demonstrates excellent financial health, with a program expense ratio of 95.11%, indicating that the vast majority of its funds are directed toward its charitable purposes. With a remarkably low liabilities to assets ratio and a strong working capital ratio, the organization appears well-positioned to sustain its financial operations and support its mission effectively.
Unfortunately, user reviews from GreatNonprofits could not be retrieved, which limits the ability to provide insights from the general public regarding their experiences. Overall, the Western Carolina University Foundation's solid financial practices and governance are commendable, though further information from user experiences may be beneficial for a more comprehensive evaluation.
This AI summary has been generated from information found on Charity Navigator.
Is Western Carolina University Foundation legitimate?
Western Carolina University Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Western Carolina 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
Professional Fundraising Fees: $0
Other Salaries and Wages: $15,000
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What is the mission statement of Western Carolina University Foundation?
The Western Carolina University Foundation's mission is centered around providing financial support. It fulfills this mission by offering financial assistance and scholarships to deserving students, as well as providing financial aid to various departments within Western Carolina University. The primary objective of the foundation is to contribute financially to the university's growth and development. Its activities are geared towards enriching the educational experience of students and enhancing the academic offerings of the university.
What is the revenue of Western Carolina University Foundation?
Western Carolina University Foundation's revenue in 2024 was $11,664,851.
Who are the executives of Western Carolina University Foundation and what are their salaries?
The average compensation at Western Carolina University Foundation during 2024 was $2,500. There are 6 employees and 96 volunteers at Western Carolina University Foundation.
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Where can I find the form 990 for Western Carolina University Foundation?
Western Carolina University Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Western Carolina University Foundation
The Western Carolina University Foundation serves a crucial role in supporting Western Carolina University financially. Its mission, in essence, is to provide financial assistance and scholarships to deserving students, and offer financial aid to various departments within the university. In doing so, the foundation aims to contribute positively to the educational endeavors of Western Carolina University, thereby fostering its growth and development.
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Impact
October, 2024
Western Carolina University Foundation significantly enhances the educational landscape by providing vital financial support to Western Carolina University. This organization plays a crucial role in assisting worthy students through scholarships, making higher education more accessible. Additionally, the foundation allocates financial resources to various university departments, helping to improve academic programs and facilities. In doing so, it strengthens the overall educational experience and fosters the growth and development of both students and the institution as a whole. Located in Cullowhee, NC, the foundation's efforts focus on enriching the academic community and empowering future leaders through education.
This information is meant to be a general summary of Western Carolina 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 2024.
- Investment Income: $618,538
- Program Service Revenue: $10,870
- Gross Receipts: $13,205,118
Assets and Liabilities:
- Total Assets: $76,335,154
- Total Liabilities: $41,338
- Net Assets: $76,293,816
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REGISTRATION FEES
Revenue
$10,825
RENTAL PROPERTY REVENUE
Revenue
$45
Organization Details
Founding Year
1971
Principal Officer
Michael T Byers
NTEE Category
Code: B43I - Education
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