Overview
What is University Of West Alabama Foundation?
The University of West Alabama Foundation is a nonprofit organization that wholeheartedly supports its affiliated institution, The University of West Alabama. Its primary objectives include investing in essential equipment and ensuring the athletic program has sufficient operating funds. Moreover, the foundation extends its support to students by providing scholarships, made possible through generous donations from alumni and well-wishers of the university.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 74% (Two-Star out of Four Stars)
The University of West Alabama Foundation has received a Two-Star rating from Charity Navigator, reflecting a score of 74%. This rating indicates a mixed performance, highlighting particular strengths in governance and financial management, such as a fully independent board and solid program expense ratios. The organization effectively documents its board meeting minutes and demonstrates strong practices concerning conflicts of interest.
Despite these strengths, the foundation faces challenges related to fundraising efficiency and asset management. The fundraising efficiency ratio is notably low, which raises concerns about the effectiveness of its fundraising efforts. Additionally, the liabilities to assets ratio indicates a higher level of debt relative to its assets, suggesting room for improvement in financial stability.
Overall, while the University of West Alabama Foundation excels in certain governance areas, it will need to enhance its fundraising strategies and financial balance to improve its overall rating and impact.
This AI summary has been generated from information found on Charity Navigator.
Is University Of West Alabama Foundation legitimate?
University Of West Alabama Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. University Of West Alabama Foundation 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 University Of West Alabama Foundation?
The University of West Alabama Foundation serves a crucial role in supporting its affiliated institution, the University of West Alabama. Its primary mission involves providing financial assistance in the form of purchasing necessary equipment and providing operational funds for the athletic program. Furthermore, the foundation is committed to offering scholarship support, utilizing funds generously donated by the university's alumni and benefactors. In essence, the University of West Alabama Foundation plays a significant role in bolstering the academic and athletic capabilities of the University of West Alabama.
Who is the CEO of University Of West Alabama Foundation?
Jessica Wedgworth is the Board Member of University Of West Alabama Foundation.
What is the revenue of University Of West Alabama Foundation?
University Of West Alabama Foundation's revenue in 2022 was $4,331,428.
Who are the executives of University Of West Alabama Foundation and what are their salaries?
Here are 20 key members and their salaries:
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Where can I find the form 990 for University Of West Alabama Foundation?
University Of West Alabama Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of University Of West Alabama Foundation
The University of West Alabama Foundation, a nonprofit organization, is committed to supporting the University of West Alabama. Their primary mission involves two key aspects. Firstly, they contribute to the university's athletic program by procuring necessary equipment and providing essential operating funds. Secondly, they offer scholarship support to students, utilizing funds generously donated by the university's alumni and friends. This financial aid serves as a beacon of opportunity for numerous aspiring scholars, thereby enriching the academic community of the University of West Alabama.
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Impact
July, 2024
The University of West Alabama Foundation has a significant impact on supporting the University of West Alabama. It purchases equipment and provides operating funds for the athletic program, enhancing the university's sports activities. Additionally, the foundation plays a crucial role in providing scholarship support through donations from alumni and friends of the University, making education more accessible to deserving students. This dual focus on both athletic and academic support contributes to the overall growth and success of the University of West Alabama.
This information is meant to be a general summary of University Of West Alabama Foundation. 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: -$1,206,614
- Program Service Revenue: $67,451
- Gross Receipts: $5,310,948
Assets and Liabilities:
- Total Assets: $16,147,329
- Total Liabilities: $272,611
- Net Assets: $15,874,718
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTRAMURALS
Revenue
$67,451
Organization Details
Founding Year
1992
Phone
(205) 652-3586Principal Officer
Jessica Wedgworth
Main Address
STATION 6, LIVINGSTON, AL, 35470
NTEE Category
Code: B82 - Education
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