Overview
What is Aggie Foundation?
The Aggie Foundation, based in Velva, North Dakota, at 501 Main Street, is a nonprofit organization that focuses on uplifting communities across the state. With a team of 13 dedicated individuals, their primary mission is to advocate for youth education, amateur sports, and economic development. By supporting other organizations working towards these causes, the Aggie Foundation aims to contribute to the creation of vibrant and thriving communities within North Dakota. Their activities are instrumental in fostering opportunities for youth development and promoting community growth.
Official website here: www.aggiefoundation.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 69%)
The Aggie Foundation has received a "Needs Improvement" rating with a score of 69%, indicating significant areas for growth in their accountability and financial practices. While they have a fully independent board and maintain a healthy liabilities to assets ratio, they have scored poorly in critical areas such as financial statement availability and essential policies, which are currently missing.
Strengths include a program expense ratio of 100%, suggesting all expenses are directed toward their programs, indicating a strong commitment to their mission. Additionally, their board is comprised entirely of independent members, reflecting a commitment to governance and oversight. However, the lack of transparent financial statements and policies raises concerns regarding operational accountability.
Limitations are notable, particularly with missing conflict of interest, whistleblower, and document retention policies, which could undermine trust and transparency. The absence of posted financial documents on their website further complicates their accountability efforts. Overall, while the foundation demonstrates strong program focus, significant improvements are needed in governance and financial transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Aggie Foundation legitimate?
Aggie Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Aggie 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.aggiefoundation.com
What is the mission statement of Aggie Foundation?
The Aggie Foundation's mission is centered around supporting various initiatives for the betterment of communities. Specifically, it aims to promote youth education, amateur sports, and economic development. By doing so, the foundation strives to create thriving communities where other organizations can carry out their positive work. The foundation extends its support to organizations making a difference in North Dakota.
Official website here: www.aggiefoundation.com
Who is the CEO of Aggie Foundation?
Terry Peterson is the President of Aggie Foundation.
Official website here: www.aggiefoundation.com
What is the revenue of Aggie Foundation?
Aggie Foundation's revenue in 2022 was $850,607.
Official website here: www.aggiefoundation.com
Who are the executives of Aggie Foundation and what are their salaries?
There are 13 employees at Aggie Foundation.
Here are 5 key members and their salaries:
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Official website here: www.aggiefoundation.com
Where can I find the form 990 for Aggie Foundation?
Aggie Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.aggiefoundation.com
Learn more at the official website: www.aggiefoundation.com
Mission Statement of Aggie Foundation
The Aggie Foundation, as a philanthropic organization, is dedicated to supporting various initiatives aimed at fostering youth education, promoting amateur sports, and encouraging economic development. Their mission is to contribute to the creation of vibrant communities by backing organizations that are actively making a positive impact in these areas. The foundation believes that by investing in these sectors, they can help shape a better future for individuals and communities at large. They are committed to supporting organizations across North Dakota that share their vision and are making a difference in their local communities.
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Impact
July, 2024
Aggie Foundation's impact is felt through its support of youth education, amateur sports, and economic development in North Dakota. By funding and collaborating with various organizations working towards community improvement, Aggie Foundation plays a crucial role in promoting vibrant and thriving communities across the state. Through its focused mission, Aggie Foundation is making a tangible difference in youth development, education, and the overall well-being of local communities.
This information is meant to be a general summary of Aggie 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: $71
- Gross Receipts: $7,963,509
Assets and Liabilities:
- Total Assets: $966,397
- Total Liabilities: $155,189
- Net Assets: $811,208
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Organization Details
Founding Year
2014
Principal Officer
Terry Peterson
Main Address
501 Main Street, Velva, ND, 58790
Website
www.aggiefoundation.comNTEE Category
Code: O50 - Youth development
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