Overview
What is University Of North Texas Foundation Inc?
The University of North Texas Foundation Inc, located in Denton, Texas, functions as a strategic partner to the University of North Texas by managing and growing its private assets to support the university's mission. With a team of eight employees, the foundation distributes, grants, and allocates funds for the benefit of UNT. These resources contribute significantly to UNT's potential by ensuring continuity, flexibility, and innovative solutions.
Official website here: www.endow.unt
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
The University of North Texas Foundation Inc has achieved a remarkable Four-Star rating from Charity Navigator, reflecting its commitment to transparency and financial health. The charity's overall score is derived entirely from its strong performance in Accountability & Finance, illustrating its effective management of resources and adherence to best practices.
A standout feature of the organization is its governance structure, with a fully independent board consisting of 22 members. This not only enhances the foundation's credibility but also ensures that decisions are made with integrity and accountability. The foundation has also implemented robust financial oversight practices, including regular audits and comprehensive policies for conflict of interest and whistleblower protection.
While the foundation shows exemplary scores in various categories such as program expense ratio and financial efficiency, it is important to note that the fundraising efficiency ratio is extremely low at $0.002. This indicates that while the foundation excels in financial management and program spending, it may face challenges in its fundraising strategies. Overall, the foundation demonstrates strong operational practices and a commitment to its mission, making it a reliable choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is University Of North Texas Foundation Inc legitimate?
University Of North Texas Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. University Of North Texas 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: $743,684
Professional Fundraising Fees: $0
Other Salaries and Wages: $424,670
For more financial information, click here
Official website here: www.endow.unt
What is the mission statement of University Of North Texas Foundation Inc?
The University of North Texas Foundation Inc serves as a strategic partner to the University of North Texas in managing and expanding its private assets. Their primary goal is to support the university's mission through continuity, flexibility, and inventive solutions. The foundation manages distributions, pass-through grants, and grants designated by the board to benefit the University of North Texas. Their role is crucial in helping the university fully realize its potential.
Official website here: www.endow.unt
Who is the CEO of University Of North Texas Foundation Inc?
Lynette Gillis is the CEO of University Of North Texas Foundation Inc The CEO's salary of University Of North Texas Foundation Inc is $137,028 and their total compensation is $145,851.
Official website here: www.endow.unt
What is the revenue of University Of North Texas Foundation Inc?
University Of North Texas Foundation Inc's revenue in 2024 was $24,290,731.
Official website here: www.endow.unt
Who are the executives of University Of North Texas Foundation Inc and what are their salaries?
The average compensation at University Of North Texas Foundation Inc during 2024 was $97,363. There are 12 employees and 250 volunteers at University Of North Texas Foundation Inc.
Here are 32 key members and their salaries (University Of North Texas Foundation Inc's CEO's salary is $137,028 and their total compensation is $145,851):
- Compensation: $328,402
- Related: $0
- Other: $30,000
- Compensation: $189,975
- Related: $0
- Other: $22,500
- Compensation: $137,028
- Related: $0
- Other: $8,823
- Compensation: $132,646
- Related: $0
- Other: $7,594
- Compensation: $125,944
- Related: $0
- Other: $8,972
- Compensation: $99,062
- Related: $0
- Other: $11,140
- Compensation: $73,333
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Official website here: www.endow.unt
Where can I find the form 990 for University Of North Texas Foundation Inc?
University Of North Texas Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.endow.unt
Learn more at the official website: www.endow.unt
Mission Statement of University Of North Texas Foundation Inc
University of North Texas Foundation Inc plays a pivotal role in supporting the University of North Texas (UNT) by managing and growing its private assets. Acting as UNT's strategic partner, the Foundation ensures the university's mission fully realizes its potential. With a focus on continuity, flexibility, and innovative solutions, the Foundation contributes significantly to UNT's development.
In essence, the University of North Texas Foundation Inc serves as the university's financial steward, managing contributions and distributing funds accordingly. Pass-through grants, board-designated grants, and other distributions are facilitated by the Foundation to benefit UNT. These resources are crucial in ensuring the university can continue to excel in its academic pursuits and maintain its commitment to providing a top-tier education. The Foundation's dedication to managing UNT's private assets enables the university to thrive and reach new heights.
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Impact
October, 2024
The University of North Texas Foundation, Inc. plays a crucial role in enhancing the university's mission by effectively managing and growing private assets. By ensuring a steady flow of resources through distributions, pass-through grants, and board-designated grants, the foundation directly supports various initiatives that strengthen the academic and community impact of the University of North Texas. Its strategic partnership fosters continuity and flexibility, allowing the university to creatively address challenges and seize opportunities. This support not only aids in advancing educational programs but also contributes to the overall potential of the institution, making a significant difference in the lives of students and the broader Denton community.
This information is meant to be a general summary of University Of North Texas 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 2024.
- Investment Income: $6,625,482
- Program Service Revenue: $1,526,528
- Gross Receipts: $76,910,061
Assets and Liabilities:
- Total Assets: $307,856,436
- Total Liabilities: $81,677,579
- Net Assets: $226,178,857
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GRANT REVENUE
Revenue
$1,526,528
Organization Details
Founding Year
1972
Principal Officer
Zed E Stephens
Website
www.endow.untNTEE Category
Code: T30I - Philanthropy
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