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Razorback Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 710540644 ✦ Fayetteville, AR ✦ Designated as a 501(c)(3)

Overview

What is Razorback Foundation Inc?

Razorback Foundation Inc, based in Fayetteville, Arkansas, is a nonprofit organization dedicated to financially supporting the University of Arkansas Athletic Department. With a team of 20 employees, the foundation's primary mission is to provide operational funding for intercollegiate athletics at the university. The organization's activities focus on enhancing the athletic programs, contributing to the overall success and reputation of the university.


Official website here: www.razorbackfoundation.com

Is Razorback Foundation Inc legitimate?

Razorback Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Razorback 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.

Here are some key statistics you may want to consider:

Executive Compensation: $489,423
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,320,386

For more financial information, click here


Official website here: www.razorbackfoundation.com

What is the mission statement of Razorback Foundation Inc?

The Razorback Foundation Inc is dedicated to supporting intercollegiate athletics at the University of Arkansas. Through financial contributions, the foundation provides operational funding to the athletic department. This commitment is geared towards enhancing the athletic programs and experiences for students and the broader university community. By doing so, the foundation plays a crucial role in fostering school spirit and academic pride. Additionally, its initiatives contribute to the overall success and growth of the University of Arkansas' athletic programs.


Official website here: www.razorbackfoundation.com

Who is the CEO of Razorback Foundation Inc?

Scott Varady is the Executive Director of Razorback Foundation Inc.


Official website here: www.razorbackfoundation.com

What is the revenue of Razorback Foundation Inc?

Razorback Foundation Inc's revenue in 2022 was $32,561,743.


Official website here: www.razorbackfoundation.com

Who are the executives of Razorback Foundation Inc and what are their salaries?

The average compensation at Razorback Foundation Inc during 2022 was $90,490. There are 20 employees and 25 volunteers at Razorback Foundation Inc.

Here are 18 key members and their salaries:

    Scott Varady (Executive Director)
  • Compensation: $263,430
  • Related: $0
  • Other: $26,655

    • Billye Veteto (Chief Financial Officer)
  • Compensation: $166,233
  • Related: $0
  • Other: $19,859

    • Marvin Caston (Senior Director Of Develop)
  • Compensation: $147,215
  • Related: $0
  • Other: $29,217

    • John Matsko (Senior Associate Director)
  • Compensation: $143,144
  • Related: $0
  • Other: $28,617

    • Mica Strother (Senior Director Of Develop)
  • Compensation: $143,071
  • Related: $0
  • Other: $24,771

    • Quinn Grovey (Senior Director Of Develop)
  • Compensation: $142,908
  • Related: $0
  • Other: $19,562

    • Rick Massey (Chair And President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Charles Redfield (Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rick Chapman (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Angela Ryan (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ken Mourton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Derrick Richardson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Rutledge (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kevin Scanlon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Todd Simmons (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Derrick Thomas (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lisa Walker (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mindy West (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.razorbackfoundation.com

    Where can I find the form 990 for Razorback Foundation Inc?

    The Razorback Foundation Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.razorbackfoundation.com

    Learn more at the official website: www.razorbackfoundation.com

    Mission Statement of Razorback Foundation Inc

    The Razorback Foundation Inc is a dedicated organization that plays a significant role in supporting the intercollegiate athletics program at the University of Arkansas. With a mission centered on this cause, the Foundation makes payments and acts on behalf of the athletic department to ensure operational funding.

    In essence, the Razorback Foundation Inc serves as a vital financial partner to the University of Arkansas Athletic Department. Through its mission, the organization contributes to the successful functioning of the athletic program and the achievement of its goals. By providing essential operational funds, the Foundation enables the University to maintain a strong athletic presence and continue its commitment to academic and athletic excellence.

    The Razorback Foundation Inc's unwavering support for the University of Arkansas athletics department extends beyond just financial contributions. By funding various initiatives and projects, the organization helps the department meet its objectives and continue its tradition of success in intercollegiate sports. This partnership between the Foundation and the University fosters a collaborative environment, ultimately benefiting the student-athletes, coaches, and the entire campus community.

    Impact

    This information is meant to be a general summary of Razorback Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Razorback Foundation Inc's impact lies in its crucial support of intercollegiate athletics at the University of Arkansas. Through its payments to and on behalf of the University of Arkansas athletic department for operational funding, the foundation ensures the successful functioning and development of athletic programs at the university. This support not only enhances the overall quality of the athletic experience for student-athletes but also contributes to the university's reputation and community engagement. Ultimately, Razorback Foundation Inc plays a vital role in advancing the educational and athletic mission of the University of Arkansas.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $78,259
  • Program Service Revenue: $0
  • Gross Receipts: $34,845,418

    • Assets and Liabilities:
  • Total Assets: $83,545,180
  • Total Liabilities: $352,787
  • Net Assets: $83,192,393
  • Organization Details

    Founding Year

    1981

    Principal Officer

    Scott Varady

    Main Address

    1295 S RAZORBACK ROAD STE A, FAYETTEVILLE, AR, 72701

    NTEE Category

    Code: B110 - Education

    If you are a representative of Razorback Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.