Overview
What is Christopher Newport University Education Foundation?
The Christopher Newport University Education Foundation is a nonprofit organization situated in Newport News, Virginia. Its primary mission is to contribute financially and administratively to the educational endeavors and goals of Christopher Newport University. The foundation receives, manages, and distributes funds and resources exclusively for the advancement of the university's educational activities. This nonprofit organization plays an essential role in supporting Christopher Newport University's growth and development.
Official website here: www.explore.cnu.edu
What are the reviews and ratings of this charity?
**: Charity Navigator Rating 97% (Four-Star out of Four Stars)**tar)**
The Christopher Newport University Education Foundation has received a commendable Four-Star rating from Charity Navigator, reflecting its strong financial health and governance practices. Its score is based solely on Accountability & Finance metrics, indicating a high level of transparency, financial efficiency, and decision-making integrity. With 90% of its board members being independent and no reported material diversions of assets, the foundation demonstrates a commitment to ethical practices.
The organization's fiscal responsibility is further highlighted by impressive ratios, such as a program expense ratio of 85.02% and a fundraising efficiency ratio of $0.08, which signifies effective use of resources to support its mission. While the foundation excels in these areas, the ratings also indicate that certain aspects, such as impact measurement and cultural evaluations, are not yet assessed due to a lack of data, which may limit a comprehensive understanding of its community impact.
User feedback from GreatNonprofits is currently unavailable, providing no additional insights from the community about their experiences with the foundation. Overall, the foundation stands out for its financial management, yet potential donors or stakeholders might seek further information on its programmatic impact and community engagement initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Christopher Newport University Education Foundation legitimate?
Christopher Newport University Education Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Christopher Newport University Education 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: $103,756
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.explore.cnu.edu
What is the mission statement of Christopher Newport University Education Foundation?
The Christopher Newport University Education Foundation's primary role is to collect, manage, and distribute funds and assets solely for the purpose of supporting and advancing the educational objectives and activities of Christopher Newport University. This foundation is instrumental in providing financial assistance to the university, contributing to its educational expenses. The mission of the Christopher Newport University Education Foundation is dedicated to furthering the university's educational pursuits and objectives.
Official website here: www.explore.cnu.edu
Who is the CEO of Christopher Newport University Education Foundation?
Spencer Mcdonald is the President of Christopher Newport University Education Foundation. The CEO's salary of Christopher Newport University Education Foundation is $0 and their total compensation is $250,525.
Official website here: www.explore.cnu.edu
What is the revenue of Christopher Newport University Education Foundation?
Christopher Newport University Education Foundation's revenue in 2023 was $8,101,326.
Official website here: www.explore.cnu.edu
Who are the executives of Christopher Newport University Education Foundation and what are their salaries?
There 18 volunteers at Christopher Newport University Education Foundation.
Here are 24 key members and their salaries (Christopher Newport University Education Foundation's CEO's salary is $0 and their total compensation is $250,525):
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- Related: $239,549
- Other: $32,135
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- Related: $410,584
- Other: $23,972
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- Related: $139,664
- Other: $13,361
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- Related: $227,184
- Other: $23,341
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- Related: $189,380
- Other: $30,588
- Compensation: $0
- Related: $1,031,484
- Other: $32,343
Official website here: www.explore.cnu.edu
Where can I find the form 990 for Christopher Newport University Education Foundation?
Christopher Newport University Education Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.explore.cnu.edu
Learn more at the official website: www.explore.cnu.edu
Mission Statement of Christopher Newport University Education Foundation
The Christopher Newport University Education Foundation's mission is centered around receiving, managing, and distributing funds and resources for the sole purpose of advancing the educational activities and objectives of Christopher Newport University. In simpler terms, this foundation exists to contribute financially to the university's educational initiatives. By doing so, it plays a crucial role in supporting the educational expenses of Christopher Newport University.
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Impact
July, 2024
Christopher Newport University Education Foundation's impact is focused on providing direct support to Christopher Newport University for educational expenses. By receiving, administering, and distributing funds and property exclusively for the university's educational activities and objectives, the foundation plays a crucial role in advancing the institution's academic mission. This targeted support helps enhance the overall educational experience for students at Christopher Newport University, benefiting the university community and contributing to the success of its educational programs.
This information is meant to be a general summary of Christopher Newport University Education 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 2023.
- Investment Income: $542,070
- Program Service Revenue: $608,040
- Gross Receipts: $11,636,772
Assets and Liabilities:
- Total Assets: $78,899,266
- Total Liabilities: $616,808
- Net Assets: $78,282,458
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EDUCATIONAL PROGRAMS
Revenue
$608,040
Organization Details
Founding Year
1980
Phone
(757) 594-7038Principal Officer
Spencer Mcdonald
Main Address
ONE UNIVERSITY PLACE, NEWPORT NEWS, VA, 236062998
Website
www.explore.cnu.eduNTEE Category
Code: B110 - Education
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