Overview
What is Vincennes University Foundation Inc?
Vincennes University Foundation Inc, located in Vincennes, Indiana, is a nonprofit organization dedicated to supporting the higher education and community service missions of Vincennes University. They achieve this by proactively soliciting contributions from the university's alumni and supporters, managing and administering these funds, and distributing them to benefit the university and its students. During the 2022-2023 period, they provided over $935,187 in scholarships to 458 students, significantly contributing to the university's ability to attract and retain academically gifted yet financially disadvantaged students. The foundation's work plays a crucial role in enriching the educational experiences of Vincennes University students.
Official website here: www.vinu.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 91% (Four-Star out of Four Stars)
The Vincennes University Foundation Inc has achieved a commendable Four-Star rating from Charity Navigator, which signifies a strong commitment to accountability and financial health. The rating is based entirely on the foundation's accountability and finance score, reflecting robust operational transparency. Notably, the organization has an impressive record of having a fully independent board, good oversight of financial statements, and no material diversion of assets.
The foundation's fiscal management is highlighted by an excellent program expense ratio of 81.59%, indicating that a large portion of its funds is directed towards its programs. Additionally, it exhibits outstanding fundraising efficiency, with a minimal cost to raise funds, further showcasing effective utilization of resources. The organization also has a solid working capital ratio, ensuring long-term sustainability and operational readiness.
However, the organization's liabilities to assets ratio indicates some potential concerns that could be explored further. While all financial practices are in order, stakeholders may want to monitor this aspect to ensure continued financial stability. Overall, the Vincennes University Foundation Inc demonstrates a strong commitment to fulfilling its mission while maintaining high standards of accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Vincennes University Foundation Inc legitimate?
Vincennes University Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vincennes 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: $156,448
Professional Fundraising Fees: $0
Other Salaries and Wages: $217,835
For more financial information, click here
Official website here: www.vinu.edu
What is the mission statement of Vincennes University Foundation Inc?
The Vincennes University Foundation Inc's mission is to support the higher education and community service missions of Vincennes University. They achieve this by seeking and receiving contributions from alumni and friends of the university, and then maintaining, administering, and distributing these funds for the benefit of Vincennes University and its students. In the 2022-2023 academic year, the foundation awarded over $935,187 in scholarships, helping to support over 458 students. This financial aid significantly contributes to Vincennes University's ability to attract academically talented and financially underprivileged students.
Official website here: www.vinu.edu
What is the revenue of Vincennes University Foundation Inc?
Vincennes University Foundation Inc's revenue in 2024 was $8,905,689.
Official website here: www.vinu.edu
Who are the executives of Vincennes University Foundation Inc and what are their salaries?
The average compensation at Vincennes University Foundation Inc during 2024 was $74,857. There are 5 employees and 35 volunteers at Vincennes University Foundation Inc.
Here are 27 key members and their salaries:
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Official website here: www.vinu.edu
Where can I find the form 990 for Vincennes University Foundation Inc?
Vincennes University Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.vinu.edu
Learn more at the official website: www.vinu.edu
Mission Statement of Vincennes University Foundation Inc
Vincennes University Foundation Inc plays a crucial role in supporting the higher education and community service missions of Vincennes University. By seeking and receiving contributions from alumni and friends, this organization maintains, administers, and distributes these funds for the benefit of the university and its students. In simpler terms, Vincennes University Foundation Inc acts as a bridge between the institution and its supporters, utilizing donations to enhance the educational experience and opportunities for students.
During the 2022-2023 academic year, Vincennes University Foundation Inc awarded over $935,187 in scholarships, supporting more than 458 students. These scholarships significantly contribute to Vincennes University's ability to attract and retain academically talented and financially underprivileged students. By offering financial assistance, the foundation enables students to pursue their educational goals, ultimately contributing to the university's overall academic success.
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Impact
October, 2024
Vincennes University Foundation Inc significantly enhances the educational landscape and community engagement by facilitating financial support for students and the institution itself. In the 2022-2023 academic year, the foundation awarded over $935,187 in scholarships, positively influencing the academic journeys of more than 458 students.
This financial assistance not only helps to alleviate the financial burdens faced by many students but also plays a crucial role in attracting and retaining academically talented individuals, particularly those from financially underserved backgrounds. By seeking and administering contributions from alumni and friends of Vincennes University, the foundation strengthens the university's mission of providing accessible higher education and fosters a supportive community that prioritizes educational achievement and personal growth. The impact of these efforts extends beyond individual students, benefiting the entire Vincennes University community and fostering a culture of excellence and inclusivity.
This information is meant to be a general summary of Vincennes 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 2024.
- Investment Income: $1,257,238
- Program Service Revenue: $665,348
- Gross Receipts: $14,324,397
Assets and Liabilities:
- Total Assets: $118,259,845
- Total Liabilities: $66,377,834
- Net Assets: $51,882,011
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINISTRATIVE CHARGES
Revenue
$457,054
ADMISSIONS AND REVENUES
Revenue
$208,294
Organization Details
Founding Year
1961
Principal Officer
Kristi R Deetz
Website
www.vinu.eduNTEE Category
Code: B114 - Education
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