Overview
What is Texas Tech Alumni Association Endowment Trust?
Texas Tech Alumni Association Endowment Trust is a nonprofit organization based in Lubbock, Texas. Its primary mission is to provide scholarships and awards to students at Texas Tech University, utilizing the earnings from endowed funds and contributions from alumni. The trust aims to contribute to the development and enhancement of the university's facilities, promoting higher education and broader educational opportunities, such as research and other literary and scientific pursuits. The trust also provides alumni faculty awards, demonstrating its commitment to supporting the academic community at Texas Tech University.
Official website here: www.texastechalumni.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Star rating)
The Texas Tech Alumni Association Endowment Trust has earned an 88% rating, which reflects strong accountability and finance practices. This rating is based on a comprehensive evaluation of various factors, with a particular emphasis on financial stability and governance. Significant strengths include having a fully independent board and zero material diversion of assets, indicating a well-managed organization.
However, the rating also highlights some areas for improvement, notably the absence of a conflict of interest policy and a whistleblower policy, which are important for ensuring transparency and accountability. Additionally, the organization has not posted its tax form on its website, which could limit stakeholders’ access to critical financial information.
Despite these limitations, the organization shows excellent financial health with a program expense ratio of 97.12%, meaning a large portion of its resources is directed towards programs rather than administrative costs. Overall, while there are some gaps in governance policies, the Texas Tech Alumni Association Endowment Trust demonstrates a solid commitment to financial accountability and effective resource management.
This AI summary has been generated from information found on Charity Navigator.
Is Texas Tech Alumni Association Endowment Trust legitimate?
Texas Tech Alumni Association Endowment Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Texas Tech Alumni Association Endowment Trust 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.
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For more financial information, click here
Official website here: www.texastechalumni.org
What is the mission statement of Texas Tech Alumni Association Endowment Trust?
The Texas Tech Alumni Association Endowment Trust works towards assisting in the development and enhancement of Texas Tech University's facilities. Their primary objective is to advance higher education and broader educational opportunities, encompassing research and various literary and scientific undertakings. The trust provides scholarships and alumni faculty awards as part of their mission, aiming to support the educational journey of students at Texas Tech University. The funds for these scholarships and awards are sourced from the earnings of the endowed funds and contributions from Texas Tech University alumni.
Official website here: www.texastechalumni.org
Who is the CEO of Texas Tech Alumni Association Endowment Trust?
Nathan Nash is the Board Member of Texas Tech Alumni Association Endowment Trust.
Official website here: www.texastechalumni.org
What is the revenue of Texas Tech Alumni Association Endowment Trust?
Texas Tech Alumni Association Endowment Trust's revenue in 2022 was $1,059,568.
Official website here: www.texastechalumni.org
Who are the executives of Texas Tech Alumni Association Endowment Trust and what are their salaries?
There 12 volunteers at Texas Tech Alumni Association Endowment Trust.
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Official website here: www.texastechalumni.org
Where can I find the form 990 for Texas Tech Alumni Association Endowment Trust?
Texas Tech Alumni Association Endowment Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.texastechalumni.org
Learn more at the official website: www.texastechalumni.org
Mission Statement of Texas Tech Alumni Association Endowment Trust
The Texas Tech Alumni Association Endowment Trust is a dedicated organization with a mission to contribute to the growth and enhancement of Texas Tech University. Their primary goal is to advance higher education and provide broader educational opportunities, including research and literary and scientific pursuits. To achieve this, they engage in activities through the Texas Tech Alumni Association. One of their key objectives is to grant scholarships and alumni faculty awards, utilizing the earnings from their endowed funds and contributions from Texas Tech University's alumni. By offering financial support, they aim to empower students and facilitate their academic success.
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Impact
October, 2024
The Texas Tech Alumni Association Endowment Trust plays a vital role in enhancing the educational landscape of Texas Tech University. Its primary objective is to support the development and expansion of the university's facilities, thereby contributing to the overall advancement of higher education.
By providing scholarships, the Endowment Trust opens doors for countless students, making higher education more accessible and fostering a diverse student body. These scholarships not only alleviate financial burdens but also encourage academic excellence and personal growth among recipients.
Additionally, the Trust awards grants to faculty, enhancing the educational experience by recognizing and promoting outstanding teaching and research initiatives. This commitment to both students and faculty creates a culture of excellence, innovation, and discovery at Texas Tech University.
Through its activities, the Texas Tech Alumni Association Endowment Trust significantly impacts the quality of education, research opportunities, and academic resources available to the university community, ultimately aiming for a brighter future for students and the institution as a whole.
This information is meant to be a general summary of Texas Tech Alumni Association Endowment Trust. 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: $126,264
- Gross Receipts: $1,059,568
Assets and Liabilities:
- Total Assets: $14,292,236
- Total Liabilities: $76,068
- Net Assets: $14,216,168
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Organization Details
Founding Year
1973
Phone
(806) 742-3641Principal Officer
Nathan Nash
Main Address
PO BOX 45001, LUBBOCK, TX, 79409
Website
www.texastechalumni.orgNTEE Category
Code: B110 - Education
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