Overview
What is Wku Student Life Foundation Inc?
The Wku Student Life Foundation Inc, located in Bowling Green, Kentucky, is a nonprofit organization dedicated to enhancing the living experience for students at Western Kentucky University (WKU). They oversee the ownership and operation of 16 residence halls and approximately 5,236 beds on the main campus. In addition, they constructed and own two off-campus facilities, providing an extra 290 beds. Their mission is to provide a premier living and learning environment that contributes to student success. The Wku Student Life Foundation manages these facilities to ensure students have access to comfortable and convenient housing, ultimately contributing to their overall academic achievement.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 76%, Three-Star out of Four Star rating.
The Wku Student Life Foundation Inc has achieved a Three-Star rating with a solid score of 76%. This rating reflects the organization's commitment to accountability and finance, highlighted by its perfect score in several governance categories, including an independent board and comprehensive financial oversight. The organization demonstrates a strong program expense ratio of over 95%, indicating that the majority of its expenses are directed toward its programs rather than administrative costs.
However, the foundation's liabilities to assets ratio stands at 69.03%, which is below average and may indicate financial vulnerability. While the organization excels in governance and transparency, potential donors might want to consider this financial aspect. Overall, the Wku Student Life Foundation Inc shows strong operational strengths but should focus on improving its financial stability for future sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Wku Student Life Foundation Inc legitimate?
Wku Student Life Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wku Student Life 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: $67,992
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,911,046
For more financial information, click here
What is the mission statement of Wku Student Life Foundation Inc?
The Wku Student Life Foundation Inc is dedicated to delivering a superior living and learning experience on campus that fosters student success. By facilitating the acquisition, recapitalization, and renovation of student residential facilities at Western Kentucky University, the Foundation ensures a premier living environment for students. Currently, the Foundation manages 16 residence halls and around 5,236 beds on the university campus, as well as two additional facilities off-campus providing 290 beds. Through its efforts, the Wku Student Life Foundation Inc strives to optimize the academic and residential experience for students, contributing significantly to their overall success during their time at the university.
Who is the CEO of Wku Student Life Foundation Inc?
Dr Catherine Laroche is the Executive Director Thru 4/2022 of Wku Student Life Foundation Inc.
What is the revenue of Wku Student Life Foundation Inc?
Wku Student Life Foundation Inc's revenue in 2023 was $31,001,175.
Who are the executives of Wku Student Life Foundation Inc and what are their salaries?
There 8 volunteers at Wku Student Life Foundation Inc.
Here are 11 key members and their salaries:
- Compensation: $71,959
- Related: $44,103
- Other: $11,030
- Compensation: $22,050
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Where can I find the form 990 for Wku Student Life Foundation Inc?
Wku Student Life Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Wku Student Life Foundation Inc
The WKU Student Life Foundation Inc is a notable organization dedicated to enhancing the campus experience for students at Western Kentucky University. Its mission is geared towards providing a premier living and learning environment that fosters student success.
In pursuit of this goal, the Foundation plays a crucial role in facilitating the purchase, recapitalization, and renovation of student residential facilities at the university. To date, they own and operate 16 residence halls and approximately 5,236 beds on the main campus, offering students a comfortable and conducive living environment that contributes significantly to their academic journey. Additionally, the Foundation has constructed and owns two facilities adjacent to the WKU campus, providing an additional 290 beds off campus.
The WKU Student Life Foundation Inc is committed to ensuring that students have access to the best possible living conditions, which in turn, sets the stage for their academic achievement. By investing in the improvement of student residential facilities, the Foundation demonstrates its dedication to the students' overall well-being and success.
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Impact
October, 2024
WKU Student Life Foundation Inc plays a crucial role in shaping the living and learning environment for students at Western Kentucky University. By owning and operating 16 residence halls that accommodate approximately 5,236 students on the main campus, along with additional facilities that provide 290 more beds nearby, the foundation directly impacts student life and academic success.
The foundation's focus on enhancing residential facilities ensures that students have access to premier living conditions that foster a supportive community. This environment is essential for student engagement, collaboration, and overall well-being—elements crucial for academic achievement and personal development. By facilitating the purchase, recapitalization, and renovation of student housing, the foundation not only addresses immediate living needs but also invests in the long-term infrastructure that supports future generations of students.
Ultimately, WKU Student Life Foundation Inc cultivates a vibrant campus culture that promotes student success through enhanced living conditions, making it a key player in the educational ecosystem at Western Kentucky University.
This information is meant to be a general summary of Wku Student Life 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: $1,063,378
- Program Service Revenue: $29,687,199
- Gross Receipts: $31,001,175
Assets and Liabilities:
- Total Assets: $176,676,411
- Total Liabilities: $114,962,203
- Net Assets: $61,714,208
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT
Revenue
$29,043,848
VENDING/CHILLED WATER SALES
Revenue
$533,186
FEDERAL W/S REIMBURSEMENT
Revenue
$100,000
HOUSING DEPOSIT FORFEITURE
Revenue
$10,165
Organization Details
Founding Year
1999
Phone
(270) 745-7006Principal Officer
Dr Catherine Laroche
Main Address
1906 COLLEGE HEIGHTS BLVD 8051, BOWLING GREEN, KY, 42101
NTEE Category
Code: B110 - Education
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