Overview
What is Campus Development Foundation Inc?
Campus Development Foundation Inc is a nonprofit organization situated in Chattanooga, Tennessee, specifically at 201 Alumni House, 615 McCallie Ave, 37403. Their primary focus is to support the University of Chattanooga Foundation by developing capital projects, notably student housing, to enhance the educational experience for the university community. Currently, they provide housing for over 1600 students. Established to align with the mission of the University of Chattanooga Foundation, Campus Development Foundation Inc strives to contribute to the organization's goals by creating essential infrastructure projects.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: Needs Improvement
Campus Development Foundation Inc has received a two-star rating with a score of 71%, indicating that while the organization shows strengths in accountability and finance, there are significant areas needing attention. The foundation boasts a perfect score in areas such as having a fully independent board and a robust audit and oversight committee, which demonstrates a commitment to governance and financial integrity.
However, the nonprofit faces criticism for missing essential policies, including a whistleblower policy and a document retention policy, which are crucial for transparency and operational effectiveness. Additionally, the absence of the tax form on the organization's website raises concerns about its accessibility and transparency to potential donors and stakeholders.
Financially, the foundation has a strong program expense ratio of nearly 99%, indicating that most of its resources are directed towards its mission. Nevertheless, the liability to assets ratio is concerning at 111.36%, suggesting financial risk that may impact sustainability. Overall, while the foundation has commendable governance practices, it must address its policy gaps and financial stability to improve its standing.
This AI summary has been generated from information found on Charity Navigator.
Is Campus Development Foundation Inc legitimate?
Campus Development Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Campus Development 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.
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What is the mission statement of Campus Development Foundation Inc?
The Campus Development Foundation Inc was established with the objective of supporting the University of Chattanooga Foundation by developing capital projects. One of the primary areas of focus is the creation of student housing to enhance the university experience. The foundation presently provides housing for over 1600 students, contributing significantly to the university community. Through the development of capital projects, the Campus Development Foundation aims to strengthen the organization and purposes of the University of Chattanooga Foundation, ultimately benefiting the educational institution and its student body.
Who is the CEO of Campus Development Foundation Inc?
Douglas A Brown is the Chair of Campus Development Foundation Inc.
What is the revenue of Campus Development Foundation Inc?
Campus Development Foundation Inc's revenue in 2023 was $13,645,714.
Who are the executives of Campus Development Foundation Inc and what are their salaries?
Here are 10 key members and their salaries:
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Where can I find the form 990 for Campus Development Foundation Inc?
Campus Development Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Campus Development Foundation Inc
Campus Development Foundation Inc, a crucial supporter of the University of Chattanooga Foundation, is dedicated to furthering the organization's goals and objectives. Through the development of capital projects, the Foundation focuses primarily on providing student housing to enhance the University experience. Currently, over 1600 students call the Foundation's housing facilities their home.
The Campus Development Foundation's mission is multifaceted. It goes beyond just providing shelter; it aims to contribute significantly to the University of Chattanooga Foundation's cause. By investing in capital projects such as student housing, the Foundation plays an essential role in ensuring the University attracts and retains a vibrant student population. The availability of adequate housing for students is a critical factor in their overall academic success and wellbeing, which ultimately benefits the University as a whole.
The Campus Development Foundation's unwavering commitment to the University's growth is evident in its development efforts. The housing it provides serves as a vital component in creating a strong and supportive academic community. The Foundation's investment in student housing ensures that the University remains competitive, thus attracting a diverse and talented student body. With the Foundation's dedication to this mission, it continues to make a significant impact on the lives of students attending the University of Chattanooga.
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Impact
October, 2024
Campus Development Foundation Inc significantly enhances the educational experience at the University of Tennessee at Chattanooga by developing essential capital projects, primarily focused on student housing. By providing housing for over 1,600 students in the current year, the foundation plays a crucial role in fostering an environment conducive to academic success and personal growth. This support not only helps meet the growing demand for student accommodations but also strengthens the university's ability to attract and retain students. Through its mission, the foundation is dedicated to creating a supportive community that promotes education and enhances student life in Chattanooga.
This information is meant to be a general summary of Campus Development 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: $362,719
- Program Service Revenue: $12,701,674
- Gross Receipts: $13,645,714
Assets and Liabilities:
- Total Assets: $71,847,895
- Total Liabilities: $80,014,868
- Net Assets: -$8,166,973
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STUDENT HOUSING RENTAL
Revenue
$12,701,674
Organization Details
Founding Year
2000
Phone
(423) 756-2939Principal Officer
Douglas A Brown
Main Address
201 ALUMNI HOUSE 615 MCCALLIE AVE, CHATTANOOGA, TN, 37403
NTEE Category
Code: B120 - Education
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