Overview
What is Eastern Illinois University Foundation?
The Eastern Illinois University Foundation is a nonprofit organization dedicated to fostering private support for Eastern Illinois University and its educational mission. By offering scholarships and grants, this organization plays a crucial role in enhancing the academic experiences of students and contributing to the university's long-term success.
Official website here: www.eiu.edu/found
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
The Eastern Illinois University Foundation has received a commendable Four-Star rating from Charity Navigator, reflecting a high level of accountability and financial management. The Foundation's score is primarily derived from its strong performance in the Accountability & Finance category, where it achieved a score of 97%. This rating indicates that the organization operates transparently and responsibly, with effective governance practices in place.
One of the Foundation's notable strengths includes its independent board structure, comprising 100% independent members, which ensures unbiased oversight and decision-making. Additionally, the organization has implemented thorough financial practices, evidenced by its lack of material diversion of assets and the presence of an audit and oversight committee. The Foundation also adheres to key policies, including conflict of interest and whistleblower protections, further solidifying its commitment to ethical operations.
However, there is a significant limitation in the fundraising efficiency ratio, where it scored zero out of 25 points, suggesting that the Foundation may face challenges in fundraising effectiveness. Despite this, the program expense ratio is strong at 85.48%, indicating that a large portion of its funds is directed towards its programs. Overall, the Eastern Illinois University Foundation demonstrates a solid commitment to financial accountability while needing to enhance its fundraising strategies.
This AI summary has been generated from information found on Charity Navigator.
Is Eastern Illinois University Foundation legitimate?
Eastern Illinois University Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Eastern Illinois 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.eiu.edu/found
What is the mission statement of Eastern Illinois University Foundation?
The Eastern Illinois University Foundation plays a crucial role in fostering private support for Eastern Illinois University and its educational mission. By offering scholarships and grants, the foundation encourages academic excellence and enables students to pursue their higher education goals. The foundation's mission is geared towards enhancing the university's educational initiatives and providing essential resources for its community. Through its philanthropic efforts, the foundation contributes significantly to the university's ongoing success. Additionally, the foundation's grants help fund various projects and programs that align with the university's mission and foster a thriving learning environment.
Official website here: www.eiu.edu/found
Who is the CEO of Eastern Illinois University Foundation?
Jonathan Mckenzie is the President of Eastern Illinois University Foundation.
Official website here: www.eiu.edu/found
What is the revenue of Eastern Illinois University Foundation?
Eastern Illinois University Foundation's revenue in 2022 was $17,377,290.
Official website here: www.eiu.edu/found
Who are the executives of Eastern Illinois University Foundation and what are their salaries?
There 11 volunteers at Eastern Illinois University Foundation.
Here are 13 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $67,034
- Other: $0
- Compensation: $0
- Related: $32,287
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.eiu.edu/found
Where can I find the form 990 for Eastern Illinois University Foundation?
Eastern Illinois University Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.eiu.edu/found
Learn more at the official website: www.eiu.edu/found
Mission Statement of Eastern Illinois University Foundation
The Eastern Illinois University Foundation plays a pivotal role in fostering private support for Eastern Illinois University and its educational mission. Specifically, it encourages and facilitates philanthropic contributions through the granting of scholarships. This nonprofit organization is dedicated to enhancing the academic experience of students at Eastern Illinois University by providing them with financial assistance. By doing so, it enables deserving individuals to pursue their higher education goals, ultimately contributing to a more diverse and skilled workforce.
Moreover, the Eastern Illinois University Foundation serves as a vital partner in the University's quest for excellence. Its commitment to securing grants ensures that essential resources are allocated to various academic and research initiatives. This, in turn, benefits the student body and the broader community by fostering a stimulating and innovative learning environment.
In summary, the Eastern Illinois University Foundation is an essential pillar in the University's ecosystem. Its primary focus on encouraging private support through scholarships and grants enables it to make a significant impact on the lives of students and the overall success of Eastern Illinois University.
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
The Eastern Illinois University Foundation plays a vital role in enhancing the educational experience at Eastern Illinois University. By focusing on encouraging and providing private support, the Foundation significantly contributes to the university's mission. Through scholarships and grants, it helps to alleviate the financial burden on students, making higher education more accessible. This support not only fosters academic achievement but also empowers students to engage fully in their educational journeys.
In addition to supporting students directly, the Foundation's efforts help to strengthen the university’s programs and resources, creating a more vibrant academic community. By facilitating private contributions, it ensures that Eastern Illinois University can innovate and offer top-tier educational opportunities that align with its mission. Ultimately, the Eastern Illinois University Foundation has a profound impact on both individual students and the institution as a whole, reinforcing a commitment to quality education in Charleston, Illinois.
This information is meant to be a general summary of Eastern Illinois 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 2022.
- Investment Income: $9,845,857
- Gross Receipts: $17,977,213
Assets and Liabilities:
- Total Assets: $118,656,033
- Total Liabilities: $207,179
- Net Assets: $118,448,854
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1953
Phone
(217) 581-3313Principal Officer
Jonathan Mckenzie
Main Address
860 W LINCOLN AVE, CHARLESTON, IL, 61920
Website
www.eiu.edu/foundNTEE Category
Code: B43I - Education
If you are a representative of Eastern Illinois University 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.