Overview
What is Auburn University Foundation?
The Auburn University Foundation is a nonprofit organization based in Auburn, Alabama, specifically located at 317 South College Street, ZIP Code 36849. Its primary mission is to grant funds to Auburn University (AU), a tax-exempt educational and land-grant institution, to support its academic, outreach, research initiatives, and intercollegiate athletics. The organization, with a workforce of 84 employees, operates exclusively for the benefit of Auburn University.
Official website here: www.auburngiving.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 97% - Four-Star out of Four Star rating
The Auburn University Foundation has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial health. The foundation's score is predominantly derived from its exceptional performance in accountability and finance, which includes rigorous oversight measures and a fully independent board. With a program expense ratio of 92.77%, the foundation effectively allocates the majority of its resources towards its mission-driven activities.
Strengths highlighted in the evaluation include a comprehensive accountability framework, transparency in financial reporting, and robust governance practices, such as the presence of a conflict of interest policy and a whistleblower policy. Moreover, the foundation has demonstrated a commendable fundraising efficiency, with a minimal cost to raise funds, indicating effective resource management.
However, there is a noted limitation regarding the lack of information on the CEO compensation process, which received a score of zero. While this does not overshadow the overall positive financial health of the organization, it points to an area for potential improvement in transparency. Overall, the Auburn University Foundation stands out as a well-managed nonprofit dedicated to its cause.
This AI summary has been generated from information found on Charity Navigator.
Is Auburn University Foundation legitimate?
Auburn University Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Auburn University 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $404,352
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.auburngiving.org
What is the mission statement of Auburn University Foundation?
The Auburn University Foundation exists to support Auburn University, an educational land-grant institution that is tax-exempt under IRC Section 115. Its primary role is to benefit Auburn University by providing grants for its academic, outreach, and research missions, as well as its supporting and related organizations. The foundation's efforts are focused on enhancing the institution's primary purposes, which include outreach and intercollegiate athletics, all in the service of Auburn University.
Official website here: www.auburngiving.org
What is the revenue of Auburn University Foundation?
Auburn University Foundation's revenue in 2023 was $105,901,553.
Official website here: www.auburngiving.org
Who are the executives of Auburn University Foundation and what are their salaries?
The average compensation at Auburn University Foundation during 2023 was $5,391. There are 75 employees and 1516 volunteers at Auburn University Foundation.
Here are 37 key members and their salaries:
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- Compensation: $435,031
- Related: $8,878
- Other: $45,304
- Compensation: $297,202
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- Other: $49,281
- Compensation: $282,993
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- Other: $38,684
- Compensation: $118,768
- Related: $13,197
- Other: $27,693
- Compensation: $130,494
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- Other: $26,414
- Compensation: $111,617
- Related: $1,127
- Other: $26,657
- Compensation: $89,498
- Related: $1,826
- Other: $22,564
- Compensation: $79,735
- Related: $6,933
- Other: $20,645
- Compensation: $75,602
- Related: $2,338
- Other: $15,950
- Compensation: $70,298
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- Other: $21,317
- Compensation: $179,202
- Related: $44,800
- Other: $40,571
- Compensation: $204,110
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- Other: $36,733
- Compensation: $190,707
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- Other: $31,987
- Compensation: $177,773
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- Other: $34,044
- Compensation: $162,027
- Related: $0
- Other: $26,267
Official website here: www.auburngiving.org
Where can I find the form 990 for Auburn University Foundation?
Auburn University Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.auburngiving.org
Learn more at the official website: www.auburngiving.org
Mission Statement of Auburn University Foundation
The Auburn University Foundation is a nonprofit organization that operates exclusively for the benefit of Auburn University, a renowned educational and land-grant institution. Auburn University, which is tax-exempt under IRC section 115, houses a rich academic, outreach, and research culture. The Foundation supports the university and its related organizations in their primary pursuits, including academic advancement, outreach programs, and intercollegiate athletics.
In a more descriptive sense, the Auburn University Foundation serves as a crucial partner to Auburn University. It channels grants to the university, bolstering its academic, outreach, and research missions. These funds contribute significantly to enhancing the learning experience for students and promoting groundbreaking discoveries and innovations. Furthermore, the Foundation plays a vital role in supporting the university's outreach initiatives and intercollegiate athletics programs, adding value to Auburn University's overall standing.
By working in close collaboration with Auburn University, the Foundation contributes to the continuous growth and improvement of the educational institution. Its unwavering commitment to the university's core purposes demonstrates its dedication to fostering a thriving academic community and enhancing the student experience beyond the classroom.
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Impact
October, 2024
The Auburn University Foundation significantly enhances the educational landscape and overall mission of Auburn University. By providing essential grants, it supports academic programs, research initiatives, outreach activities, and intercollegiate athletics. This financial backing ensures that Auburn University can continue to excel in its role as a leading land-grant institution, fostering innovation and learning while positively impacting the community and broader society. The Foundation's efforts not only aid in maintaining high educational standards but also promote engagement and development opportunities for students and faculty alike. Through its dedicated support, the Foundation directly contributes to the advancement and sustainability of Auburn University’s various programs and initiatives.
This information is meant to be a general summary of Auburn University 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 2023.
- Investment Income: $4,407,038
- Program Service Revenue: $144,828
- Gross Receipts: $251,912,507
Assets and Liabilities:
- Total Assets: $808,830,854
- Total Liabilities: $38,990,334
- Net Assets: $769,840,520
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
N/D PORTION OF CONTRIBUTION
Revenue
$91,026
PROG SRVC REGISTRATION
Revenue
$52,802
Organization Details
Founding Year
1960
Principal Officer
John Morris
Website
www.auburngiving.orgNTEE Category
Code: B110 - Education
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