Overview
What is University Of Dc Foundation Inc?
University of DC Foundation Inc, located in Washington D.C., is a nonprofit organization with a mission to support the University of the District of Columbia. Their activities primarily focus on providing scholarships, fellowships, and internships to students, contributing to their educational growth. The organization, as stated in its purpose, is dedicated to scientific, literary, charitable, and educational endeavors, all aimed at benefiting the University of the District of Columbia.
Official website here: www.udc.edu/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 98% (Four-Star out of Four Stars)
The University of DC Foundation Inc has earned a Four-Star rating from Charity Navigator, indicating a high level of accountability and transparency in its operations. The foundation's Accountability & Finance score is strong at 95%, reflecting thorough financial oversight, independence of board members, and solid financial health metrics. The organization demonstrates no material diversion of assets and maintains a well-structured governance framework.
The Impact & Measurement score is exemplary at 100%, showcasing the foundation's commitment to evaluating and measuring the effectiveness of its programs. The foundation's scholarships significantly enhance the financial well-being of recipients, yielding an impressive return on investment where every dollar spent results in increased income for students.
While the foundation scores highly across the board, the overall Accountability & Finance score of 44% suggests that there may be areas for further improvement in detailed financial reporting or other key performance indicators. Nonetheless, the organization's strong performance in both financial health and program impact highlights its effectiveness in supporting the educational endeavors of its beneficiaries.
This AI summary has been generated from information found on Charity Navigator.
Is University Of Dc Foundation Inc legitimate?
University Of Dc Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. University Of Dc Foundation Inc 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: $94,961
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.udc.edu/foundation
What is the mission statement of University Of Dc Foundation Inc?
The University of D.C. Foundation Inc. is organized with a primary focus on serving scientific, literary, charitable, and educational purposes. It primarily benefits the University of the District of Columbia. The corporation's mission is to extend scholarly support to students enrolled at the University of the District of Columbia, providing them with scholarships, fellowships, and internship opportunities. Its activities are geared towards advancing the academic pursuits and growth of students in the university community.
Official website here: www.udc.edu/foundation
Who is the CEO of University Of Dc Foundation Inc?
Joseph M Perta is the Principal Officer of University Of Dc Foundation Inc.
Official website here: www.udc.edu/foundation
What is the revenue of University Of Dc Foundation Inc?
University Of Dc Foundation Inc's revenue in 2022 was $6,062,412.
Official website here: www.udc.edu/foundation
Who are the executives of University Of Dc Foundation Inc and what are their salaries?
There 12 volunteers at University Of Dc Foundation Inc.
Here are 12 key members and their salaries:
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- Related: $426,756
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- Related: $156,568
- Other: $10,162
Official website here: www.udc.edu/foundation
Where can I find the form 990 for University Of Dc Foundation Inc?
University Of Dc Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.udc.edu/foundation
Learn more at the official website: www.udc.edu/foundation
Mission Statement of University Of Dc Foundation Inc
The University of DC Foundation Inc is a nonprofit organization with a mission dedicated to serving the University of the District of Columbia. Its purpose is multifaceted, encompassing scientific, literary, charitable, and educational objectives for the benefit of the aforementioned university. The corporation's primary goal is to support students at the University of the District of Columbia by providing scholarships, fellowships, and internships. By doing so, the University of DC Foundation Inc aims to contribute to the educational growth and development of the university's student body, thereby fostering a conducive learning environment. The organization's activities are geared towards enhancing the academic experience of students, ultimately benefiting the University of the District of Columbia as a whole.
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Impact
July, 2024
University Of DC Foundation Inc's impact can be seen through its provision of scholarships, fellowships, and internships support to students at the University of the District of Columbia. By offering these opportunities, the foundation is directly contributing to the educational advancement and professional development of students in Washington, DC. Through its focus on scientific, literary, charitable, and educational purposes, the foundation is fulfilling its mission to benefit the University of the District of Columbia community.
This information is meant to be a general summary of University Of Dc Foundation Inc. 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: $514,450
- Gross Receipts: $13,313,177
Assets and Liabilities:
- Total Assets: $16,880,614
- Total Liabilities: $16,393
- Net Assets: $16,864,221
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Organization Details
Founding Year
1978
Phone
(202) 274-5312Principal Officer
Joseph M Perta
Main Address
4200 CONNECTICUT AVENUE NW, WASHINGTON, DC, 20008
Website
www.udc.edu/foundationNTEE Category
Code: B43I - Education
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