Overview
What is The University Of Alberta Foundation Usa Inc?
The University of Alberta Foundation USA Inc, based in Chicago, Illinois, functions as a nonprofit organization by making charitable donations for literary, scientific, and educational purposes. Specifically, it contributes to the University of Alberta to enhance higher education, research, and training.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Stars)
The University Of Alberta Foundation USA Inc has achieved a Three-Star rating from Charity Navigator, reflecting a solid level of accountability and financial health. The overall score is based solely on these aspects, highlighting the organization's commitment to transparency and responsible financial management.
One of the foundation's key strengths is its independent governance, with a fully independent board of members. Additionally, there are no reported material diversions of assets, and the organization documents its board meeting minutes, further emphasizing its dedication to accountability. The foundation demonstrates an impressive program expense ratio of 99.99%, indicating that nearly all funds are directed toward its charitable programs.
However, while the foundation's working capital ratio stands at 0.74 years, it is important to note that this may indicate some limitations in liquidity. Overall, the foundation is seen as financially responsible, but potential donors may want to consider the implications of the working capital on the organization’s long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is The University Of Alberta Foundation Usa Inc legitimate?
The University Of Alberta Foundation Usa Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The University Of Alberta Foundation Usa 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of The University Of Alberta Foundation Usa Inc?
The University of Alberta Foundation USA Inc is dedicated to making donations for charitable, literary, scientific, and educational purposes. Through these donations, they contribute to the advancement of higher education, research, and training at the University of Alberta. Their mission is geared towards making a difference by providing financial support to these important areas. The foundation's grants play a crucial role in enhancing the learning experience and driving progress through research and training initiatives at the university.
What is the revenue of The University Of Alberta Foundation Usa Inc?
The University Of Alberta Foundation Usa Inc's revenue in 2023 was $11,478,144.
Who are the executives of The University Of Alberta Foundation Usa Inc and what are their salaries?
There 7 volunteers at The University Of Alberta Foundation Usa Inc.
Here are 7 key members and their salaries:
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Where can I find the form 990 for The University Of Alberta Foundation Usa Inc?
The University Of Alberta Foundation Usa Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of The University Of Alberta Foundation Usa Inc
The University of Alberta Foundation USA Inc is a philanthropic organization dedicated to making donations for charitable, literary, scientific, and educational purposes. This foundation supports The University of Alberta in its pursuit of higher education, research, and training. Through grants, it contributes significantly to the institution's mission to expand knowledge and provide opportunities for students and researchers alike.
By raising funds and making strategic investments, The University of Alberta Foundation USA Inc plays a crucial role in advancing the University of Alberta's objectives. It fosters an environment that encourages innovation, discovery, and excellence, ensuring that the university remains at the forefront of academic and research achievements. The foundation's commitment to charitable causes extends beyond education and research, as it aims to create a lasting impact on society through its charitable endeavors.
In essence, The University of Alberta Foundation USA Inc serves as a bridge between generous donors and the University of Alberta, facilitating the transfer of resources to support the university's mission and vision. By pooling together financial support, it enables the institution to continue its mission of providing quality education, conducting groundbreaking research, and preparing the next generation of leaders and innovators.
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Impact
October, 2024
The University Of Alberta Foundation USA Inc significantly impacts higher education and research by facilitating donations aimed at advancing academic pursuits. By providing essential grants to the University of Alberta, the foundation supports various educational initiatives, scientific research, and training programs. This funding enhances the quality of education available to students, promotes innovative research projects, and contributes to the overall development of knowledge and skills within the community. The foundation's efforts ultimately foster a culture of learning and discovery, benefiting both the university and the broader society.
This information is meant to be a general summary of The University Of Alberta Foundation Usa 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 2023.
- Investment Income: $38,654
- Gross Receipts: $11,478,144
Assets and Liabilities:
- Total Assets: $2,977,332
- Total Liabilities: $0
- Net Assets: $2,977,332
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Organization Details
Founding Year
2001
Principal Officer
Jennifer Jennax
NTEE Category
Code: B11 - Education
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