Overview
What is Capstone Foundation?
The Capstone Foundation is a nonprofit organization situated in Tuscaloosa, Alabama. Its primary mission is to aid and support the University of Alabama in fulfilling its duties of teaching, research, and service. To achieve this, the foundation provides financial assistance for academic and student services, contributing to the overall growth and development of the university community. The foundation's activities are geared towards enhancing the educational experience and resources available to students at the University of Alabama.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating
The Capstone Foundation has received a Two-Star rating from Charity Navigator, indicating some concerns regarding its overall accountability and financial practices. While the organization maintains a strong program expense ratio of 97.75% and an excellent fundraising efficiency ratio, the lack of transparency in governance is highlighted by a low percentage of independent board members and missing key policies such as whistleblower and document retention.
The foundation has demonstrated good financial management with no reported material diversion of assets and a solid working capital ratio of 3.53 years. However, the absence of a website listed on the tax form and incomplete financial oversight measures may raise questions about the organization’s commitment to transparency and adherence to best practices in nonprofit governance.
In summary, while Capstone Foundation shows strength in its program expenses and financial stability, it faces significant challenges that may limit its rating and public trust. Addressing governance issues and improving transparency could enhance its standing in the nonprofit community.
This AI summary has been generated from information found on Charity Navigator.
Is Capstone Foundation legitimate?
Capstone Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Capstone 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: $0
For more financial information, click here
What is the mission statement of Capstone Foundation?
The Capstone Foundation's mission is centered around providing support and assistance to the University of Alabama in fulfilling its objectives of education, research, and community service. By making contributions towards academic and student services, the foundation aims to contribute to the university's overall growth and development. In essence, the Capstone Foundation's role is to bolster the University of Alabama's mission, thereby fostering a conducive learning environment and encouraging groundbreaking research.
What is the revenue of Capstone Foundation?
Capstone Foundation's revenue in 2023 was $4,994,291.
Who are the executives of Capstone Foundation and what are their salaries?
There 4 volunteers at Capstone Foundation.
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $855,595
- Other: $224,458
- Compensation: $0
- Related: $493,219
- Other: $67,772
- Compensation: $0
- Related: $448,537
- Other: $68,591
- Compensation: $0
- Related: $385,337
- Other: $71,559
- Compensation: $0
- Related: $251,927
- Other: $37,952
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Capstone Foundation?
Capstone Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Capstone Foundation
Capstone Foundation is dedicated to supporting and aiding the University of Alabama in fulfilling its mission of teaching, research, and service. This nonprofit organization's mission is to provide assistance in various academic and student service areas, ensuring the University of Alabama can continue its educational endeavors effectively. Capstone Foundation accomplishes this by making charitable contributions to the university, specifically for purposes related to academic and student services.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Capstone Foundation significantly enhances the educational landscape at the University of Alabama by providing essential support for teaching, research, and service initiatives. Through strategic financial gifts, the Foundation plays a crucial role in academic and student services, enabling the university to better fulfill its mission. This support contributes to a rich learning environment, fosters research advancements, and bolsters community engagement, ultimately cultivating a more vibrant and effective educational experience for students and faculty alike.
This information is meant to be a general summary of Capstone 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 2023.
- Investment Income: $544,359
- Gross Receipts: $4,994,291
Assets and Liabilities:
- Total Assets: $29,373,366
- Total Liabilities: $13,241,443
- Net Assets: $16,131,923
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1973
Principal Officer
Matthew Fajack
NTEE Category
Code: B112 - Education
If you are a representative of Capstone Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.