Overview
What is Auxiliary Services Foundation?
Auxiliary Services Foundation is a nonprofit organization situated in Memphis, Tennessee, specifically at 635 Normal Street. The foundation's primary role is to oversee its financial operations in accordance with its established bylaws and ensure that all financial activities align with these guidelines. Its primary mission is to support the University of Memphis directly by operating auxiliary enterprises and managing property acquired through various means, such as gifts, grants, bequests, or devises, solely for the benefit of the university. By doing so, the foundation aims to contribute positively to the university's growth and development.
Official website here: www.memphis.edu/auxiliary/
What are the reviews and ratings of this charity?
**Charity Navigator Rating: 77% (Three-Star out of Four Star Rating)**
The Auxiliary Services Foundation has achieved a score of 77% on Charity Navigator, primarily reflecting its performance in Accountability & Finance. This score indicates a noteworthy level of transparency and fiscal responsibility, particularly with a perfect score in several critical areas, including having an entirely independent board and robust financial oversight. However, the absence of specific policies, such as a whistleblower policy, suggests there may be areas needing improvement.
Strengths noted in the rating include an impressive program expense ratio of 99.18%, indicating that the majority of its funds are used directly for programs rather than administrative costs. While the organization has received high marks for fiscal management, it has not been evaluated across other categories, including impact measurement and community engagement, which limits a comprehensive understanding of its overall effectiveness.
User reviews from GreatNonprofits could not be fetched, leaving a gap in community sentiment and feedback. Overall, the Auxiliary Services Foundation's rating suggests it is a financially responsible nonprofit, though potential donors may want to consider the missing elements that impact the organization's broader effectiveness and community interaction.
This AI summary has been generated from information found on Charity Navigator.
Is Auxiliary Services Foundation legitimate?
Auxiliary Services Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Auxiliary Services 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: $25,208
For more financial information, click here
Official website here: www.memphis.edu/auxiliary/
What is the mission statement of Auxiliary Services Foundation?
The Auxiliary Services Foundation's primary mission is to operate auxiliary enterprises that directly benefit the University of Memphis. This organization accepts, administers, applies, and utilizes property acquired through various means, such as gifts, grants, devises, bequests, or other means, all for the sole benefit of the university. The foundation's board of directors exercises financial oversight, reviews, and approves the financial activity in accordance with the established bylaws. In essence, the Auxiliary Services Foundation exists to support the University of Memphis through auxiliary enterprises and the use of donated resources.
Official website here: www.memphis.edu/auxiliary/
Who is the CEO of Auxiliary Services Foundation?
Thomas G Kadien is the Principal Officer of Auxiliary Services Foundation. The CEO's salary of Auxiliary Services Foundation is $0 and their total compensation is $34,182.
Official website here: www.memphis.edu/auxiliary/
What is the revenue of Auxiliary Services Foundation?
Auxiliary Services Foundation's revenue in 2022 was $9,864,492.
Official website here: www.memphis.edu/auxiliary/
Who are the executives of Auxiliary Services Foundation and what are their salaries?
There 6 volunteers at Auxiliary Services Foundation.
Here are 7 key members and their salaries (Auxiliary Services Foundation's CEO's salary is $0 and their total compensation is $34,182):
- 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: $25,208
- Other: $8,974
Official website here: www.memphis.edu/auxiliary/
Where can I find the form 990 for Auxiliary Services Foundation?
Auxiliary Services Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.memphis.edu/auxiliary/
Learn more at the official website: www.memphis.edu/auxiliary/
Mission Statement of Auxiliary Services Foundation
Auxiliary Services Foundation, as a nonprofit organization, is dedicated to operating auxiliary enterprises that directly benefit the University of Memphis. The primary objective of this foundation is to accept, administer, apply, and use property acquired through gifts, grants, devises, bequeaths, or other means, all for the sole benefit of the University. By doing so, the foundation aims to enhance the university's resources and capabilities, contributing to its overall growth and development. The board of directors of Auxiliary Services Foundation plays a crucial role in this mission by exercising financial oversight and reviewing and approving the financial activity in accordance with their established bylaws. This rigorous financial management ensures the effective and responsible utilization of the resources acquired for the benefit of the University of Memphis.
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Impact
July, 2024
The Auxiliary Services Foundation directly benefits the University of Memphis by operating auxiliary enterprises and managing property acquired for the university's exclusive benefit. Its financial oversight and approval processes ensure the efficient allocation of resources as outlined in its bylaws. By supporting the university's auxiliary activities and managing acquired assets, the foundation plays a vital role in enhancing the educational experience and overall success of the University of Memphis.
This information is meant to be a general summary of Auxiliary Services 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: $58,469
- Gross Receipts: $9,864,492
Assets and Liabilities:
- Total Assets: $18,678,367
- Total Liabilities: $10,909,306
- Net Assets: $7,769,061
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Organization Details
Founding Year
2019
Phone
(901) 517-6749Principal Officer
Thomas G Kadien
Main Address
635 NORMAL STREET, MEMPHIS, TN, 38152
Website
www.memphis.edu/auxiliary/NTEE Category
Code: B11 - Education
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