Overview
What is Kansas State University Foundation?
The Kansas State University Foundation is a nonprofit organization that plays a vital role in supporting central administration, colleges, and athletics at Kansas State University. Based in Manhattan, Kansas, the foundation manages donated funds prudently, encouraging philanthropic endeavors that align with the university's priorities. Their activities include facilitating salaries for faculty and staff, covering conference and seminar travel expenses, recruiting employees, purchasing equipment and computers, and supporting academic services. Additionally, they allocate funds to athletics for academic services, sports medicine, and capital improvements. The organization employs 234 individuals and aims to bridge the gap between charitable giving and the university's needs.
Official website here: www.ksufoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 99% - Four-Star out of Four Stars
The Kansas State University Foundation has achieved a Four-Star rating from Charity Navigator, reflecting its exceptional accountability and finance management. With a perfect score in categories such as majority independent board members, financial oversight, and program expense ratio, the foundation demonstrates a strong commitment to transparent governance and effective resource allocation.
Strengths of the foundation include its independent board composition and robust financial practices, which ensure that resources are effectively utilized towards its mission. The absence of any material diversions of assets, along with high scores in areas like CEO compensation process and document management, highlights the foundation's integrity and professionalism.
However, the foundation does have a noted limitation in its donor privacy policy, which is currently missing. Despite this shortcoming, the overall financial health and commitment to ethical practices suggest that the Kansas State University Foundation is a reliable organization for potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Kansas State University Foundation legitimate?
Kansas State University Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kansas State 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: $2,049,970
Professional Fundraising Fees: $0
Other Salaries and Wages: $11,036,153
For more financial information, click here
Official website here: www.ksufoundation.org
What is the mission statement of Kansas State University Foundation?
The Kansas State University Foundation serves a crucial role in managing donations intended for the betterment of Kansas State University. Its mission is to effectively and prudently oversee these private gifts, aligning philanthropic aspirations with the university's priorities.
The foundation focuses on securing and managing contributions for Kansas State University, fostering a culture that bridges the gap between philanthropic desires and university goals.
Expenditures from the foundation support various aspects of the university, including salaries for faculty and staff, travel expenses for conferences and seminars, and consulting services. Furthermore, funds are allocated to athletics for academic services, sports medicine, equipment purchases, and travel costs, as well as capital improvements.
Official website here: www.ksufoundation.org
Who is the CEO of Kansas State University Foundation?
Greg Lohrentz is the President/Ceo of Kansas State University Foundation. The CEO's salary of Kansas State University Foundation is $483,556 and their total compensation is $692,363.
Official website here: www.ksufoundation.org
What is the revenue of Kansas State University Foundation?
Kansas State University Foundation's revenue in 2022 was $256,518,677.
Official website here: www.ksufoundation.org
Who are the executives of Kansas State University Foundation and what are their salaries?
The average compensation at Kansas State University Foundation during 2022 was $55,924. There are 234 employees and 550 volunteers at Kansas State University Foundation.
Here are 26 key members and their salaries (Kansas State University Foundation's CEO's salary is $483,556 and their total compensation is $692,363):
- Compensation: $483,556
- Related: $0
- Other: $208,807
- Compensation: $603,323
- Related: $0
- Other: $58,128
- Compensation: $380,933
- Related: $0
- Other: $61,617
- Compensation: $323,160
- Related: $0
- Other: $44,495
- Compensation: $178,861
- Related: $0
- Other: $43,859
- Compensation: $176,836
- Related: $0
- Other: $45,727
- Compensation: $176,254
- Related: $0
- Other: $45,327
- Compensation: $176,099
- Related: $0
- Other: $28,244
- Compensation: $146,857
- Related: $0
- Other: $38,793
- Compensation: $135,242
- Related: $0
- Other: $15,924
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Official website here: www.ksufoundation.org
Where can I find the form 990 for Kansas State University Foundation?
Kansas State University Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ksufoundation.org
Learn more at the official website: www.ksufoundation.org
Mission Statement of Kansas State University Foundation
The Kansas State University Foundation plays a vital role in the university community by encouraging and prudently managing donated gifts for the benefit of Kansas State University. Its mission is to unite philanthropic desires with university priorities, fostering a culture that supports the educational and developmental goals of the institution. The Foundation meticulously manages private contributions, ensuring their effective and responsible allocation towards Kansas State University's central administration, colleges, and athletics.
Expenditures made by the Foundation include salaries for faculty and staff, travel for conferences, seminars, and speakers, employee recruitment, professional and consulting services, equipment and computing purchases, and transfers to athletics. The athletics department utilizes these funds to support academic services, sports medicine, equipment and computer purchases, travel costs, and capital improvements. By managing these funds, the Kansas State University Foundation strengthens the university's academic and athletic programs, ultimately contributing to the overall growth and success of the institution.
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Impact
October, 2024
The Kansas State University Foundation significantly impacts the university's ability to thrive and innovate by actively managing and promoting philanthropic contributions. By securing private gifts, the Foundation directly supports a range of essential activities across central administration, various colleges, and athletics, enhancing the educational experience for students and faculty alike.
These contributions facilitate critical expenditures, including salaries for faculty and staff, travel for academic conferences, professional development, and the recruitment of high-quality personnel. Additionally, the Foundation plays a crucial role in funding academic services within athletics, ensuring that student-athletes receive quality support in their educational pursuits, including sports medicine, travel, and necessary equipment.
Furthermore, the Foundation’s prudent management of these resources fosters a culture of giving that aligns philanthropic desires with the university's strategic priorities. This synergy not only enhances the immediate academic environment but also contributes to the long-term growth and sustainability of Kansas State University, ensuring it remains a vibrant center for education, research, and community engagement.
This information is meant to be a general summary of Kansas State 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: $63,381,483
- Program Service Revenue: $1,682,989
- Gross Receipts: $380,243,953
Assets and Liabilities:
- Total Assets: $1,256,682,544
- Total Liabilities: $86,327,466
- Net Assets: $1,170,355,078
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUES
Revenue
$1,682,989
Organization Details
Founding Year
1944
Phone
(785) 775-2000Principal Officer
Greg Lohrentz
Main Address
1800 KIMBALL AVE STE 200, MANHATTAN, KS, 66502
Website
www.ksufoundation.orgNTEE Category
Code: B80 - Education
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