Overview
What is The Educational Foundation Inc?
The Educational Foundation Inc, also known as Rams Club, is a nonprofit organization based at Chapel Hill, North Carolina. They have recently completed the construction of a new soccer and lacrosse stadium complex and undergone renovations for Eddie Smith Fieldhouse, featuring track resurfacing. The organization continues to address remaining costs associated with their recently finished projects. Rams Club also extends financial support to the University of North Carolina at Chapel Hill by contributing to the operating budgets of 28 sports and aiding in debt servicing for athletic facility renovations.
Official website here: www.ramsclub.com
What are the reviews and ratings of this charity?
88% rating from Charity Navigator indicates that The Educational Foundation Inc is performing well in areas of accountability and finance, meriting a Three-Star out of Four Star rating. The foundation shows a strong commitment to governance, as it has a fully independent board and robust financial oversight mechanisms. The organization maintains transparency in its operations by listing necessary documents and policies on its website.
The foundation excels in its financial management, with a program expense ratio of 88.22%, indicating that a significant portion of its funds is directed towards its programs. Additionally, its fundraising efficiency is commendable, with only $0.05 spent to raise each dollar, demonstrating effective use of resources. The organization also has a healthy working capital ratio of 1.62 years, suggesting stability in its financial position.
However, the liability to asset ratio stands at 56.29%, which may raise some concerns about its financial leverage. While overall performance is strong, potential donors or stakeholders may want to monitor this aspect, as it indicates the proportion of liabilities in relation to assets. Overall, The Educational Foundation Inc shows a solid operational and financial foundation, although attention to its liabilities might be prudent.
This AI summary has been generated from information found on Charity Navigator.
Is The Educational Foundation Inc legitimate?
The Educational Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Educational 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: $1,410,061
Professional Fundraising Fees: $26,446
Other Salaries and Wages: $3,067,140
For more financial information, click here
Official website here: www.ramsclub.com
What is the mission statement of The Educational Foundation Inc?
The Educational Foundation Inc has been active in supporting various athletic initiatives. One of their recent accomplishments includes the construction of a new soccer and lacrosse stadium complex. In addition, they have carried out renovations for the Eddie Smith Fieldhouse, which included the re-surfacing of the track. The Foundation continues to address trailing costs on recently completed projects. Beyond these projects, they have contributed financially to the operating budgets of 28 sports at the University of North Carolina at Chapel Hill. Furthermore, they have supported debt service for previous renovations of athletic facilities.
Official website here: www.ramsclub.com
Who is the CEO of The Educational Foundation Inc?
John Montgomery is the Executive Director of The Educational Foundation Inc.
Official website here: www.ramsclub.com
What is the revenue of The Educational Foundation Inc?
The Educational Foundation Inc's revenue in 2022 was $82,405,052.
Official website here: www.ramsclub.com
Who are the executives of The Educational Foundation Inc and what are their salaries?
The average compensation at The Educational Foundation Inc during 2022 was $91,371. There are 49 employees and 200 volunteers at The Educational Foundation Inc.
Here are 35 key members and their salaries:
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Official website here: www.ramsclub.com
Where can I find the form 990 for The Educational Foundation Inc?
The Educational Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ramsclub.com
Learn more at the official website: www.ramsclub.com
Mission Statement of The Educational Foundation Inc
The Educational Foundation Inc, a dedicated nonprofit organization, has been instrumental in supporting various educational and athletic initiatives. With a focus on construction and renovation projects, the foundation has recently completed the building of a new soccer and lacrosse stadium complex. Beyond this achievement, they have also taken on the responsibility of addressing trailing costs from recently finished projects, including the re-surfacing of the track at Eddie Smith Fieldhouse.
In addition to their construction projects, The Educational Foundation Inc has shown commitment to educational institutions, most notably the University of North Carolina at Chapel Hill. Through their financial assistance, they have contributed significantly to the operating budgets of 28 sports at the university. Moreover, they have taken on the debt service for previous renovations of athletic facilities, further demonstrating their unwavering support for the educational community.
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Impact
October, 2024
The Educational Foundation Inc significantly impacts the athletic landscape at the University of North Carolina at Chapel Hill by investing in state-of-the-art facilities and supporting a broad range of sports programs. The completion of a new soccer and lacrosse stadium complex, along with extensive renovations to the Eddie Smith Fieldhouse—including the resurfacing of the track—enhances the training and competitive environments for student-athletes.
Additionally, the Foundation plays a crucial role in the financial sustainability of 28 sports teams by providing necessary assistance to their operating budgets. This support not only helps maintain high standards for athletic performance but also fosters a vibrant sports culture within the university. By managing debt service for previously renovated athletic facilities, The Educational Foundation ensures that the institution remains competitive on both regional and national stages. Overall, its contributions make a lasting difference in the quality of athletic education and experiences offered to students at UNC-Chapel Hill.
This information is meant to be a general summary of The Educational 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: $4,507,841
- Gross Receipts: $84,173,831
Assets and Liabilities:
- Total Assets: $210,237,588
- Total Liabilities: $115,023,392
- Net Assets: $95,214,196
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Organization Details
Founding Year
1938
Phone
(919) 843-2000Principal Officer
John Montgomery
Main Address
450 SKIPPER BOWLES DRIVE, CHAPEL HILL, NC, 27599
Website
www.ramsclub.comNTEE Category
Code: B11 - Education
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