Overview
What is Concord University Foundation Inc?
Concord University Foundation Inc is a nonprofit organization situated in Athens, West Virginia. Its primary mission is to bolster the educational objectives of Concord University by fostering relationships with its alumni and supporters. The foundation achieves this by providing scholarships directly to students, supporting the university financially through scholarships, aiding faculty and staff, and managing funds for college and community enrichment activities. In essence, the Concord University Foundation Inc serves as a bridge between the university and its benefactors, contributing to the academic and communal growth of the institution.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Star rating)
The Concord University Foundation Inc has received a solid rating of 86% from Charity Navigator, which indicates a strong focus on accountability and financial management. This score is derived entirely from its Accountability & Finance beacon, highlighting the organization's commitment to transparency and responsible stewardship of funds.
The foundation demonstrates notable strengths, including a fully independent board with 100% of its members meeting this criterion. Additionally, it has an effective audit and oversight committee, and there are no reported issues regarding the diversion of assets. The organization has also established a conflict of interest policy and maintains thorough documentation of board meeting minutes, all of which contribute positively to its accountability score.
While the foundation's program expense ratio of 78.90% reflects a significant investment in its mission-related activities, potential donors may wish to look at other qualitative aspects of the organization. Overall, the organization shows a strong commitment to financial integrity and operational transparency, making it a reliable choice for those looking to support its initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Concord University Foundation Inc legitimate?
Concord University Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Concord University 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $100,065
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What is the mission statement of Concord University Foundation Inc?
The Concord University Foundation Inc's mission is to reinforce and enhance the educational objectives of Concord University. They achieve this by fostering and leveraging the shared interests, empathy, and affection that exist between the university and its alumni and supporters. One of their key activities involves providing scholarships directly to students, supporting the university financially with scholarship funds, aiding faculty and staff, and managing funds for college and community enrichment programs.
Who is the CEO of Concord University Foundation Inc?
Jennifer Ware is the Past Chair of Concord University Foundation Inc.
What is the revenue of Concord University Foundation Inc?
Concord University Foundation Inc's revenue in 2023 was $2,226,125.
Who are the executives of Concord University Foundation Inc and what are their salaries?
Here are 25 key members and their salaries:
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Where can I find the form 990 for Concord University Foundation Inc?
Concord University Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Concord University Foundation Inc
Concord University Foundation Inc, a nonprofit organization, is dedicated to bolstering the educational objectives of Concord University. To achieve this mission, the foundation leverages the shared interests, sympathies, and affection that exist between the university and its alumni and supporters. It accomplishes this by developing and employing these relationships for the betterment of the educational institution.
In practical terms, Concord University Foundation Inc fulfills its mission by providing scholarships directly to deserving recipients. These scholarships help students afford their education, thereby enabling them to pursue their academic goals. In addition to supporting students, the foundation also extends its aid to faculty and staff members of Concord University, ensuring a nurturing and conducive learning environment. Furthermore, Concord University Foundation Inc administers funds for the enrichment of both the college and the broader community.
By carrying out these activities, Concord University Foundation Inc plays a vital role in strengthening the educational purposes of Concord University. Its mission is to foster a strong bond between the university and its supporters, ultimately benefiting the educational institution and its students.
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Impact
July, 2024
Concord University Foundation Inc's impact lies in its unwavering commitment to aiding and strengthening the educational purposes of Concord University. By fostering connections among alumni, friends, and the university, the Foundation has successfully issued scholarships directly to recipients, supported the university with scholarship funds, and provided assistance to faculty and staff. Through its administration of funds for college and community enrichment, Concord University Foundation Inc has played a vital role in bolstering education and opportunities in Athens, WV.
This information is meant to be a general summary of Concord University 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 2023.
- Investment Income: $1,359,116
- Gross Receipts: $10,527,323
Assets and Liabilities:
- Total Assets: $51,477,848
- Total Liabilities: $6,274,889
- Net Assets: $45,202,959
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Organization Details
Founding Year
1999
Phone
(304) 384-6266Principal Officer
Jennifer Ware
Main Address
PO BOX 1405, ATHENS, WV, 24712
NTEE Category
Code: B110 - Education
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