Overview
What is Eastern Kentucky University Foundation Inc?
Eastern Kentucky University Foundation Inc, based in Richmond, Kentucky, serves as a crucial supporter for Eastern Kentucky University. Its primary role is to fund academic departments, enabling them to procure necessary equipment, supplies, and resources to boost the educational experience. This philanthropic organization contributes to the university's objectives of education and regional stewardship by raising funds and making long-term investments for this purpose. It operates within the southeastern Kentucky service region, demonstrating a commitment to the university's success and growth.
Official website here: www.development.eku.edu/
What are the reviews and ratings of this charity?
**: Charity Navigator Rating 90% (Four-Star out of Four Stars)**tar)**
The Eastern Kentucky University Foundation Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong accountability and financial practices. The overall score is derived entirely from a robust Accountability & Finance score, which signifies the foundation's commitment to maintaining financial health and governance standards. The organization displays a majority of independent board members and excellent fiscal ratios, underscoring its reliability and transparency.
Despite its high marks in accountability, there are some noted limitations. The organization lacks certain policies such as a conflict of interest policy and whistleblower policy, which could raise concerns about governance practices. Furthermore, while the financial data appears solid, areas like "Impact & Measurement," "Culture & Community," and "Leadership & Adaptability" are not currently scored, leaving some aspects of the foundation's operations less understood.
User reviews from GreatNonprofits could not be fetched, so feedback from the public on their experiences with the foundation is not available to provide additional insights into their work and community impact.
This AI summary has been generated from information found on Charity Navigator.
Is Eastern Kentucky University Foundation Inc legitimate?
Eastern Kentucky University Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Eastern Kentucky 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: $53,629
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.development.eku.edu/
What is the mission statement of Eastern Kentucky University Foundation Inc?
The Eastern Kentucky University Foundation Inc's mission is centered around providing financial support to Eastern Kentucky University, aiding in the achievement of its educational and regional stewardship goals. This support is primarily achieved through fundraising and long-term investments. The primary objective of the foundation is to help the university accomplish its objectives within its southeastern Kentucky service region. The foundation also funds academic departments, enabling them to purchase necessary equipment, supplies, and resources that enhance the learning environment. This enhancement includes professional development and other materials that further enhance the classroom experience.
Official website here: www.development.eku.edu/
Who is the CEO of Eastern Kentucky University Foundation Inc?
Mr Troy Ellis is the Chair of Eastern Kentucky University Foundation Inc.
Official website here: www.development.eku.edu/
What is the revenue of Eastern Kentucky University Foundation Inc?
Eastern Kentucky University Foundation Inc's revenue in 2022 was $10,890,357.
Official website here: www.development.eku.edu/
Who are the executives of Eastern Kentucky University Foundation Inc and what are their salaries?
There 19 volunteers at Eastern Kentucky University Foundation Inc.
Here are 22 key members and their salaries:
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- Related: $490,991
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- Related: $221,986
- Other: $45,970
- Compensation: $0
- Related: $179,293
- Other: $15,712
Official website here: www.development.eku.edu/
Where can I find the form 990 for Eastern Kentucky University Foundation Inc?
Eastern Kentucky University Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.development.eku.edu/
Learn more at the official website: www.development.eku.edu/
Mission Statement of Eastern Kentucky University Foundation Inc
The Eastern Kentucky University Foundation Inc, in its mission, aims to provide financial support to Eastern Kentucky University in achieving its objectives of education and regional stewardship. This nonprofit organization's role is to fundraise and make long-term investments towards this purpose. By doing so, the Foundation assists the university in accomplishing its goals within its southeastern Kentucky service region.
In detail, the EKU Foundation contributes funding to various academic departments at the university. This support enables the departments to purchase necessary equipment, supplies, facilitate professional development, and acquire other materials that enhance the overall classroom experience. Essentially, the Foundation's mission is geared towards strengthening the university's educational capabilities and contributing to the betterment of its community.
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Impact
July, 2024
Eastern Kentucky University Foundation Inc's impact is felt through its vital financial support for Eastern Kentucky University in achieving its educational and regional stewardship goals. By raising funds and making long-term investments, the foundation plays a crucial role in advancing the university's core mission. This support enables academic departments to acquire necessary equipment, supplies, and resources for further enhancing the classroom experience. Through its dedication to supporting education and regional stewardship within the southeastern Kentucky service region, the foundation contributes significantly to the growth and success of Eastern Kentucky University.
This information is meant to be a general summary of Eastern Kentucky 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 2022.
- Investment Income: $4,823,336
- Program Service Revenue: $30,000
- Gross Receipts: $12,246,465
Assets and Liabilities:
- Total Assets: $96,787,631
- Total Liabilities: $21,979,916
- Net Assets: $74,807,715
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ALUMNI EVENTS
Revenue
$30,000
Organization Details
Founding Year
1968
Phone
(859) 622-5012Principal Officer
Mr Troy Ellis
Main Address
521 LANCASTER AVE CPO 15A, RICHMOND, KY, 40475
Website
www.development.eku.edu/NTEE Category
Code: B110 - Education
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