Overview
What is Northwestern Foundation?
The Northwestern Foundation is a nonprofit organization situated in St. Paul, Minnesota, with an address at 3003 Snelling Avenue North, 55113. Its primary role is to secure, receive, and manage planned gifts on behalf of various public charities. One of its key beneficiaries is the University of Northwestern - St. Paul, a Christian, not-for-profit educational institution dedicated to nurturing spiritual growth and intellectual development. The Northwestern Foundation also extends its services to other charities whose beliefs align with its mission. In addition, the foundation assists the community by offering charitable gift planning options.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star rating)
The Northwestern Foundation has achieved a Four-Star rating from Charity Navigator, reflecting a high level of accountability and financial health. The organization scored 94%, with the entire assessment based on the Accountability & Finance beacon. This strong score indicates that the foundation is well-managed and utilizes its resources effectively to support its mission.
One of the notable strengths of the Northwestern Foundation is its governance structure, with 87% of its board members being independent, which is crucial for ensuring objective oversight. Additionally, the foundation has established solid policies regarding conflict of interest, whistleblower protection, and document retention, all of which contribute to its transparency and integrity. The organization also boasts a remarkable program expense ratio of 93.20%, indicating that a significant portion of its expenses directly supports its programs.
While the overall assessment is highly favorable, it is important to maintain scrutiny over the organization's operations and ensure ongoing compliance with best practices in governance and finance. The lack of material diversions of assets underscores its commitment to ethical management. Overall, the Northwestern Foundation demonstrates strong performance in its accountability and financial practices, making it a reliable choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Northwestern Foundation legitimate?
Northwestern Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Northwestern 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 Northwestern Foundation?
The Northwestern Foundation's mission is centered around securing, receiving, and managing planned gifts on behalf of various public charities, including the University of Northwestern - St. Paul. This Christian, not-for-profit educational institution, with a focus on intellectual and spiritual growth, equips believers to excel in their professions and provide godly leadership in various spheres of life. Additionally, the foundation, in alignment with its mission, aids in charitable gift planning that benefits other like-minded non-profit organizations. Moreover, Northwestern Media, a part of the foundation, leads people to Christ and supports the spiritual growth of believers through Christ-centered media.
Who is the CEO of Northwestern Foundation?
Ronald R Halverson is the Principal Officer of Northwestern Foundation.
What is the revenue of Northwestern Foundation?
Northwestern Foundation's revenue in 2022 was $1,039,494.
Who are the executives of Northwestern Foundation and what are their salaries?
There 7 volunteers at Northwestern Foundation.
Here are 11 key members and their salaries:
- Compensation: $0
- Related: $281,679
- Other: $48,226
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- Other: $0
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- Other: $0
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- Related: $172,748
- Other: $33,299
- Compensation: $0
- Related: $132,912
- Other: $28,869
- Compensation: $0
- Related: $21,590
- Other: $1,334
Where can I find the form 990 for Northwestern Foundation?
Northwestern Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Northwestern Foundation
The Northwestern Foundation's mission is centered around securing, receiving, and managing planned gifts on behalf of various public charities, including the University of Northwestern - St. Paul. As a not-for-profit entity, this organization plays a significant role in supporting the University's Christian educational mission, which aims to equip believers intellectually and spiritually, prepare them for effective service in their professions, and inspire God-honoring leadership in their personal and professional lives. In addition to its affiliation with the University, the Northwestern Foundation extends its services to assist in charitable gift planning that benefits other non-profit organizations whose beliefs and missions align with its own. Moreover, Northwestern Media, a subsidiary of the foundation, is dedicated to leading people to Christ and nurturing believers in their spiritual growth through Christ-centered media. By providing these services, the Northwestern Foundation contributes to the broader charitable community, supporting various public charities in their missions.
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Impact
July, 2024
Northwestern Foundation's impact lies in securing, receiving, and managing gifts on behalf of University of Northwestern - St. Paul and other charities. By managing planned gifts for public charities, including the university with its mission to equip believers for effective service in various aspects of life, the foundation plays a crucial role in supporting educational endeavors and promoting Christ-centered higher education and media. Additionally, as a foundation serving the community, it also facilitates charitable gift planning for other nonprofit organizations that share similar beliefs and missions, thereby further advancing causes aligned with its values.
This information is meant to be a general summary of Northwestern 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: $714,440
- Program Service Revenue: $102,458
- Gross Receipts: $2,928,642
Assets and Liabilities:
- Total Assets: $6,204,157
- Total Liabilities: $712,806
- Net Assets: $5,491,351
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INVESTMENT MANAGEMENT
Revenue
$102,458
Organization Details
Founding Year
1996
Phone
(651) 631-5100Principal Officer
Ronald R Halverson
Main Address
3003 SNELLING AVENUE NORTH, ST PAUL, MN, 55113
NTEE Category
Code: A11 - Arts
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