Overview
What is Radford University Foundation Inc?
Radford University Foundation Inc is a benevolent organization situated in Radford, Virginia. Its primary objective is to bolster Radford University by financing essential resources such as equipment, supplies, and infrastructure improvements, as well as compensating staff salaries and benefits. Furthermore, the Foundation extends support to students and faculty members by offering scholarships, awards, and sponsorships. This charitable entity also engages in speaker engagements and collaborations, contributing to the overall development and growth of Radford University.
Official website here: www.radforduniversityfoundation.org
What are the reviews and ratings of this charity?
**Radford University Foundation Inc (EIN: 237219782) - Rating: 97% (Four-Star out of Four Stars)**
The Radford University Foundation has received a high rating of 97% from Charity Navigator, reflecting strong performance in accountability and finance. The organization's score primarily stems from its outstanding oversight and financial management practices, indicated by its perfect scores across multiple accountability measures, including an independent board and effective policies.
Key strengths of the foundation include a high program expense ratio of 86.93%, signifying that a substantial portion of their funds is directed towards their mission. Additionally, they maintain significant working capital, ensuring financial stability and resilience. Their commitment to transparency is evident in their thorough auditing and oversight practices which contribute to their reputation as a well-managed nonprofit.
While the organization demonstrates robust practices, there is a noted limitation regarding the timely distribution of their tax form to the board before filing, which did not meet expectations. Overall, the foundation presents itself as a responsible and dedicated entity, focused on supporting the educational mission of Radford University.
This AI summary has been generated from information found on Charity Navigator.
Is Radford University Foundation Inc legitimate?
Radford University Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Radford 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:
Executive Compensation: $433,164
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.radforduniversityfoundation.org
What is the mission statement of Radford University Foundation Inc?
The Radford University Foundation is a philanthropic organization with a mission to aid Radford University. It primarily focuses on supporting the institution by funding the acquisition of essential resources such as equipment, supplies, and capital improvements. The foundation also contributes to personnel expenses, including salaries and benefits. Furthermore, it provides scholarships and special awards to foster academic success among students and faculty members at Radford University. In essence, the Radford University Foundation's mission is to enhance the educational environment and opportunities for the university's community.
Official website here: www.radforduniversityfoundation.org
Who is the CEO of Radford University Foundation Inc?
John F Cox Jr is the Board Treasurer of Radford University Foundation Inc. The CEO's salary of Radford University Foundation Inc is $176,633 and their total compensation is $185,887.
Official website here: www.radforduniversityfoundation.org
What is the revenue of Radford University Foundation Inc?
Radford University Foundation Inc's revenue in 2022 was $8,860,499.
Official website here: www.radforduniversityfoundation.org
Who are the executives of Radford University Foundation Inc and what are their salaries?
The average compensation at Radford University Foundation Inc during 2022 was $61,881. There are 7 employees and 30 volunteers at Radford University Foundation Inc.
Here are 19 key members and their salaries (Radford University Foundation Inc's CEO's salary is $176,633 and their total compensation is $185,887):
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- Compensation: $176,633
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- Other: $6,469
Official website here: www.radforduniversityfoundation.org
Where can I find the form 990 for Radford University Foundation Inc?
Radford University Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.radforduniversityfoundation.org
Learn more at the official website: www.radforduniversityfoundation.org
Mission Statement of Radford University Foundation Inc
The Radford University Foundation, as a benevolent organization, is committed to supporting Radford University. Its mission is twofold. On one hand, the Foundation invests in the university by providing funds for essential resources such as equipment, supplies, infrastructure upgrades, and salaries and benefits for personnel. On the other hand, the Foundation extends its support to the academic community by offering scholarships and special awards to both students and faculty members at Radford University. In essence, the Radford University Foundation serves as a vital partner, contributing to the university's growth and development while also empowering its students and faculty through financial aid and recognition.
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Impact
October, 2024
Radford University Foundation Inc significantly enhances the educational experience at Radford University by providing essential financial support that enriches both academic and extracurricular opportunities. The Foundation funds crucial resources such as equipment, supplies, and capital upgrades, which help maintain and improve campus facilities.
By offering scholarships and special awards, the Foundation directly impacts students' lives, making higher education more accessible and enabling recipients to focus on their studies without financial burdens. Additionally, the support for faculty through benefits and salaries ensures that Radford University attracts and retains top talent, which ultimately contributes to a higher quality of education.
The Foundation also promotes intellectual growth and community engagement by sponsoring speakers and events that bring diverse perspectives to campus. Overall, Radford University Foundation Inc plays a vital role in nurturing an enriching learning environment and fostering academic excellence at Radford University.
This information is meant to be a general summary of Radford 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: $5,799,614
- Program Service Revenue: $171,721
- Gross Receipts: $17,374,472
Assets and Liabilities:
- Total Assets: $106,307,354
- Total Liabilities: $15,317,395
- Net Assets: $90,989,959
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Organization Details
Founding Year
1972
Phone
(540) 831-6714Principal Officer
John F Cox Jr
Main Address
905 TYLER AVENUE, RADFORD, VA, 24141
NTEE Category
Code: B43I - Education
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