Overview
What is Liberty University Foundation?
Liberty University Foundation is a nonprofit organization situated at 1971 University Blvd, Lynchburg, VA 24515. Their primary mission involves receiving, managing, and distributing funds for charitable, educational, and social welfare purposes. At present, their focus is on fulfilling outstanding obligations. The foundation operates within these sectors, aiming to contribute positively to various communities and individuals in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 34% (Zero-Star out of Four Star rating)
Liberty University Foundation has received a low rating of 34%, which reflects significant concerns regarding its accountability and financial practices. The zero-star rating indicates that the foundation has failed to meet the standards expected for effective governance and transparency. Notably, the board lacks any independent members, which raises questions about oversight and potential conflicts of interest.
Despite having some policies in place, such as a conflict of interest policy and whistleblower protections, these measures are undermined by a lack of transparency, as evidenced by missing documentation on its website. Additionally, the organization reported an excessively high liabilities-to-assets ratio of over 1000%, which suggests severe financial instability and raises concerns about its sustainability.
On the positive side, the foundation has no reported material diversion of assets, indicating that its funds have not been misused. However, its low program expense ratio of 28.31% suggests that a significant portion of funds may not be directed towards its charitable mission. The high salaries of key personnel also raise concerns about financial prioritization and stewardship. Overall, the Liberty University Foundation shows critical weaknesses that potential donors should consider carefully.
This AI summary has been generated from information found on Charity Navigator.
Is Liberty University Foundation legitimate?
Liberty University Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Liberty 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Liberty University Foundation?
The Liberty University Foundation's mission is centered around receiving, administering, and dispensing funds for charitable, educational, and social welfare purposes. At present, their primary focus is on fulfilling remaining obligations. The foundation operates with the objective of utilizing these funds to make a positive impact in these sectors.
Who is the CEO of Liberty University Foundation?
Deryl M Edwards is the Director/Vice President of Liberty University Foundation.
What is the revenue of Liberty University Foundation?
Liberty University Foundation's revenue in 2022 was $761,576.
Who are the executives of Liberty University Foundation and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $439,053
- Other: $31,841
- Compensation: $0
- Related: $285,236
- Other: $12,413
- Compensation: $0
- Related: $146,833
- Other: $16,513
- Compensation: $0
- Related: $128,010
- Other: $16,264
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Liberty University Foundation?
Liberty University Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Liberty University Foundation
Liberty University Foundation is dedicated to receiving, managing, and distributing funds for charitable, educational, and social welfare purposes. At present, its primary focus is on fulfilling its remaining obligations. This nonprofit organization operates with the goal of making a positive impact in various sectors, contributing to the betterment of society as a whole.
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Impact
July, 2024
The Liberty University Foundation plays a crucial role in receiving, administering, and expending funds for charitable, educational, and social welfare purposes. Based in Lynchburg, Virginia, the foundation operates with a mission to service remaining obligations in these areas. Its impact is felt through financial support provided to advance educational initiatives, promote social welfare programs, and contribute to charitable causes. Through its activities, the Liberty University Foundation contributes to enhancing educational opportunities, supporting community welfare, and fostering charitable endeavors.
This information is meant to be a general summary of Liberty 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: $1,561
- Gross Receipts: $761,576
Assets and Liabilities:
- Total Assets: $622,252
- Total Liabilities: $2,918,916
- Net Assets: -$2,296,664
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Organization Details
Founding Year
2001
Phone
(434) 582-2000Principal Officer
Deryl M Edwards
Main Address
1971 UNIVERSITY BLVD, LYNCHBURG, VA, 245150002
NTEE Category
Code: B11 - Education
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