Overview
What is Augusta University Foundation Inc?
Augusta University Foundation Inc is a nonprofit organization located at 1120 15th Street Suite AD-1104, Augusta, GA, 30912. Their primary objective is to provide direct support to Augusta University, focusing on academic programs, scholarship funding, and university initiatives. They accomplish this by establishing and administering endowment funds on behalf of the university. The foundation raises private support from individuals, corporations, foundations, and others to further the interests of Augusta University and manages the administration for handling all private donations.
Official website here: www.augusta.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating 97% - Four-Star out of Four Star rating
The Augusta University Foundation Inc has received an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial management. The organization’s overall score is derived from a single beacon score focused entirely on these factors, showcasing its dedication to maintaining transparency and responsible financial practices.
Strengths highlighted include a fully independent board composed of 24 members, robust financial oversight with a well-functioning Audit and Oversight Committee, and effective conflict of interest and whistleblower policies. The foundation's financial ratios are also commendable, with a program expense ratio of 69.70% indicating a significant portion of funds directed towards its mission, along with minimal liabilities and strong fundraising efficiency.
While the foundation's rating demonstrates a solid performance in its operations, it is essential for potential donors and stakeholders to consider the context of its mission and programs to fully understand its impact. Overall, the Augusta University Foundation Inc stands out as a well-managed and accountable nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Augusta University Foundation Inc legitimate?
Augusta University Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Augusta 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: $3,722,772
For more financial information, click here
Official website here: www.augusta.edu
What is the mission statement of Augusta University Foundation Inc?
The Augusta University Foundation Inc is dedicated to raising private support from individuals, corporations, foundations, and others to advance the interests of Augusta University. The organization's primary role is to establish and administer endowment funds for the benefit of the university. Additionally, it provides administration for handling all private support. The foundation directly supports Augusta University by funding programs, academic initiatives, and scholarships.
Official website here: www.augusta.edu
Who is the CEO of Augusta University Foundation Inc?
Stephen Wertz is the CEO of Augusta University Foundation Inc The CEO's salary of Augusta University Foundation Inc is $0 and their total compensation is $242,055.
Official website here: www.augusta.edu
What is the revenue of Augusta University Foundation Inc?
Augusta University Foundation Inc's revenue in 2024 was $24,337,724.
Official website here: www.augusta.edu
Who are the executives of Augusta University Foundation Inc and what are their salaries?
There 23 volunteers at Augusta University Foundation Inc.
Here are 33 key members and their salaries (Augusta University Foundation Inc's CEO's salary is $0 and their total compensation is $242,055):
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- Other: $131,111
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- Other: $36,453
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- Related: $111,438
- Other: $12,138
Official website here: www.augusta.edu
Where can I find the form 990 for Augusta University Foundation Inc?
Augusta University Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.augusta.edu
Learn more at the official website: www.augusta.edu
Mission Statement of Augusta University Foundation Inc
Augusta University Foundation Inc is a charitable organization dedicated to raising private support for the benefit of Augusta University. The foundation's mission is multifaceted, with the primary goal of advancing the interests of Augusta University through fundraising efforts. It also oversees the establishment and maintenance of endowments, and administers the handling of all private donations.
In simpler terms, Augusta University Foundation Inc functions as a bridge between donors and the university, ensuring that funds are allocated effectively to various programs, academic support, and scholarship initiatives. By doing so, the foundation plays a crucial role in enhancing the overall capabilities and opportunities available at Augusta University.
Additionally, Augusta University Foundation Inc supports Augusta University directly by providing funding to university programs, academic departments, and scholarships. In essence, it acts as a vital partner, extending the reach and impact of the university through the power of philanthropy.
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Impact
October, 2024
Augusta University Foundation Inc plays a crucial role in enhancing the educational landscape at Augusta University by establishing and managing endowment funds. These funds provide vital support for university programs, academic initiatives, and scholarship opportunities, ensuring that students and faculty have the resources needed to thrive. By raising private contributions from individuals, corporations, and foundations, the foundation effectively amplifies the university's mission and fosters a rich learning environment. Its efforts help to ensure that a diverse range of educational programs can be sustained and expanded, ultimately benefiting the student body and the broader community in Augusta, GA.
This information is meant to be a general summary of Augusta 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 2024.
- Investment Income: $2,983,728
- Gross Receipts: $24,337,724
Assets and Liabilities:
- Total Assets: $77,306,774
- Total Liabilities: $26,174,749
- Net Assets: $51,132,025
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Organization Details
Founding Year
1967
Principal Officer
Stephen Wertz
Website
www.augusta.eduNTEE Category
Code: B11 - Education
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