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
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
Razorback Foundation Inc has received an impressive Four-Star rating from Charity Navigator, reflecting its high standards in accountability and finance. The organization scored 97% overall, with the score based entirely on its accountability and finance metrics. This strong rating indicates a solid financial foundation, demonstrating effective management of resources.
The foundation's strengths include a fully independent board and excellent scores in key financial areas, such as program expense ratio and fundraising efficiency, both of which highlight its commitment to maximizing the impact of its funds. Additionally, the lack of material diversion of assets and a strong working capital ratio further underscore its financial health and transparency.
While the organization excels in many areas, the summary does not indicate any specific limitations or concerns. Overall, Razorback Foundation Inc stands out as a well-managed nonprofit, dedicated to effectively utilizing its resources for its mission.
This AI summary has been generated from information found on Charity Navigator.
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.
Heare 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:
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- Compensation: $142,908
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- Other: $19,562
Official website here: www.razorbackfoundation.com
Where can I find the form 990 for Razorback Foundation Inc?
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.
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Impact
October, 2024
Razorback Foundation Inc plays a crucial role in enhancing the athletic programs at the University of Arkansas. By providing essential financial support to the University of Arkansas Athletic Department, the organization ensures that student-athletes have the resources they need to excel in their sports and academics. This funding covers operational expenses, which helps maintain high standards of competition and training.
The foundation's commitment to intercollegiate athletics fosters a vibrant athletic community in Fayetteville, contributing to the overall culture and spirit of the university. By supporting teams and athletes, the organization not only cultivates talent but also promotes education and personal development, reinforcing the values of teamwork, discipline, and perseverance among student-athletes. Ultimately, Razorback Foundation Inc significantly impacts both the athletic achievements of the university and the broader university experience for students, faculty, and fans alike.
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.
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: $78,259
- Gross Receipts: $34,845,418
Assets and Liabilities:
- Total Assets: $83,545,180
- Total Liabilities: $352,787
- Net Assets: $83,192,393
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Organization Details
Founding Year
1981
Phone
(479) 443-9000Principal Officer
Scott Varady
Main Address
1295 S RAZORBACK ROAD STE A, FAYETTEVILLE, AR, 72701
Website
www.razorbackfoundation.comNTEE Category
Code: B110 - Education
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