Overview
What is Ulm Athletic Foundation?
The Ulm Athletic Foundation is a nonprofit organization dedicated to enhancing athletic academics at its affiliated university. By offering financial assistance for travel, supplies, and equipment, as well as improving athletic facilities, this organization aims to foster a supportive environment for student-athletes. Moreover, the foundation grants scholarships to these athletes, which not only boosts their morale but also contributes to elevating the university's image through their academic achievements.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 42%, Zero-Star out of Four Star rating.
The Ulm Athletic Foundation has received a low rating primarily due to significant shortcomings in its financial management and transparency. While the organization demonstrates strong governance with a fully independent board and robust audit oversight, it falls short in critical areas such as program expenses and financial ratios which are crucial for assessing operational efficiency.
The foundation's program expense ratio stands at only 33.08%, indicating a lack of sufficient investment in its core mission. Furthermore, its liabilities to assets ratio of 22.12% raises concerns about its financial health. The absence of essential policies and missing tax form disclosures further detracts from the organization's credibility and accountability.
Despite these weaknesses, the foundation is noted for having a transparent board structure and documenting board meeting minutes effectively. However, improvements in financial reporting and policy implementation are necessary to enhance trust and operational effectiveness moving forward.
This AI summary has been generated from information found on Charity Navigator.
Is Ulm Athletic Foundation legitimate?
Ulm Athletic Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ulm Athletic 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.
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What is the mission statement of Ulm Athletic Foundation?
The Ulm Athletic Foundation is dedicated to improving athletic academics. It accomplishes this by offering financial assistance to the Athletic department, enabling them to cover expenses related to travel, supplies, and equipment. Furthermore, the foundation works towards enhancing Athletic facilities and provides scholarships to athletes. By doing so, the foundation aims to boost the university's image through academic excellence, showcasing the athletes' achievements.
Who is the CEO of Ulm Athletic Foundation?
Adam Cossey is the Past President of Ulm Athletic Foundation.
What is the revenue of Ulm Athletic Foundation?
Ulm Athletic Foundation's revenue in 2023 was $1,723,362.
Who are the executives of Ulm Athletic Foundation and what are their salaries?
Here are 21 key members and their salaries:
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Where can I find the form 990 for Ulm Athletic Foundation?
Ulm Athletic Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Ulm Athletic Foundation
The Ulm Athletic Foundation is committed to improving athletic academics. This nonprofit organization aims to achieve this mission by providing financial assistance to the Athletic department, enabling them to cover expenses such as travel, supplies, and equipment. Furthermore, the foundation plays a crucial role in enhancing the Athletic facilities at the university. In addition to these efforts, the Ulm Athletic Foundation offers scholarships to athletes, encouraging them to excel academically and improve the university's image. By investing in athletic academics, the foundation is instrumental in elevating the overall performance and reputation of the university.
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Impact
October, 2024
The Ulm Athletic Foundation significantly impacts the academic and athletic landscape at the university by providing crucial financial support. This organization enhances athletic academics by funding essential resources for the Athletic department, such as travel, supplies, and equipment. Additionally, it invests in upgrading athletic facilities, ensuring that student-athletes have access to top-notch environments that foster both their educational and competitive pursuits.
By offering scholarships to athletes, the foundation directly supports their academic journeys, promoting a culture of excellence that enhances the university's overall image. The foundation's commitment to improving educational outcomes in athletics not only benefits individual athletes but also uplifts the entire university community, reinforcing the connection between academic achievement and athletic performance.
This information is meant to be a general summary of Ulm Athletic 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: -$68,473
- Gross Receipts: $2,328,364
Assets and Liabilities:
- Total Assets: $4,603,263
- Total Liabilities: $1,018,691
- Net Assets: $3,584,572
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Organization Details
Founding Year
1972
Phone
(318) 342-5415Principal Officer
Adam Cossey
Main Address
700 UNIVERSITY AVE, MONROE, LA, 71209
NTEE Category
Code: B820 - Education
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