Overview
What is Kent State University Foundation?
The Kent State University Foundation is a nonprofit organization based in Kent, Ohio. They serve as a key supporter of Kent State University, providing essential leadership, private sector funding, and stewardship of gifts to foster the university's academic, research, and public service programs. Through their initiatives, they contribute significantly to meeting Kent State University's needs and achieving its priorities.
Official website here: www.kent.edu
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 92%, Four-Star out of Four Star rating.
The Kent State University Foundation has received a strong Four-Star rating from Charity Navigator, reflecting a high level of accountability and financial health. The foundation's impressive Accountability & Finance score of 92% indicates robust governance practices, with a fully independent board and effective oversight of financial statements. Additionally, the organization demonstrates strong financial ratios, such as an 82.87% program expense ratio, highlighting its commitment to utilizing funds for its mission.
While the foundation excels in many areas, there are some noted limitations. The absence of whistleblower and document retention policies may raise concerns about transparency and accountability. Despite these gaps, the foundation maintains a favorable liabilities to assets ratio and an exceptional working capital ratio, ensuring its long-term sustainability and ability to fulfill its obligations.
Overall, the Kent State University Foundation stands out for its strong financial practices and governance, which contribute to its effective operations. However, addressing the noted policy gaps could further enhance its credibility and trust among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Kent State University Foundation legitimate?
Kent State University Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kent State University 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:
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For more financial information, click here
Official website here: www.kent.edu
What is the mission statement of Kent State University Foundation?
The Kent State University Foundation plays a crucial role in supporting Kent State University by providing leadership, private sector funding, and stewardship of gifts. Its mission is geared towards meeting the university's needs and achieving its priorities. The foundation grants funds to Kent State University to enhance its academic, research, and public service programs. By doing so, it contributes significantly to the university's growth and development.
Official website here: www.kent.edu
Who is the CEO of Kent State University Foundation?
Valoree Vargo is the CEO of Kent State University Foundation The CEO's salary of Kent State University Foundation is $0 and their total compensation is $0.
Official website here: www.kent.edu
What is the revenue of Kent State University Foundation?
Kent State University Foundation's revenue in 2024 was $21,201,534.
Official website here: www.kent.edu
Who are the executives of Kent State University Foundation and what are their salaries?
There 38 volunteers at Kent State University Foundation.
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Official website here: www.kent.edu
Where can I find the form 990 for Kent State University Foundation?
Kent State University Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.kent.edu
Learn more at the official website: www.kent.edu
Mission Statement of Kent State University Foundation
The Kent State University Foundation plays a crucial role in supporting Kent State University by providing leadership, securing private sector funding, and managing gifts to help the university meet its needs and accomplish its priorities. By doing so, the foundation contributes significantly to the academic, research, and public service programs at Kent State University. The foundation's mission is to be a driving force behind the university's growth and success, ensuring that it has the necessary resources to thrive and make a positive impact on its students and the wider community. Through its grant-making efforts, the Kent State University Foundation has consistently contributed to the enhancement of the university's infrastructure and the advancement of its academic initiatives.
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Impact
October, 2024
Kent State University Foundation plays a pivotal role in enhancing educational opportunities and fostering academic excellence at Kent State University. By providing leadership and facilitating private sector funding, it helps meet the university's needs and priorities. The foundation allocates grants that support various academic, research, and public service programs, thereby contributing significantly to the advancement of knowledge and community engagement. Through effective stewardship of gifts, the foundation ensures that resources are directed toward initiatives that have a lasting impact on students and faculty, ultimately enriching the overall educational experience at Kent State University.
This information is meant to be a general summary of Kent State University 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 2024.
- Investment Income: $1,726,770
- Gross Receipts: $68,423,731
Assets and Liabilities:
- Total Assets: $298,774,525
- Total Liabilities: $23,317,833
- Net Assets: $275,456,692
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Organization Details
Founding Year
1965
Principal Officer
Valoree Vargo
Website
www.kent.eduNTEE Category
Code: B110 - Education
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