Overview
What is Arkansas Tech University Foundation?
Arkansas Tech University Foundation is a nonprofit organization located in Russellville, Arkansas. The foundation primarily supports Arkansas Tech University by granting scholarship funds and making contributions to academic, administrative, and athletic departments. These funds are distributed based on academic department and committee selections. Additionally, the foundation provides other institutional support to help operate the university's educational programs. The foundation's efforts include contributing to the purchases of computers and related equipment, furnishings, general supplies, and the construction of new facilities, as well as the renovation and upgrade of existing ones.
Official website here: www.atu.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
The Arkansas Tech University Foundation has achieved an impressive 96% rating from Charity Navigator, indicating a high level of accountability and financial health. This rating is derived entirely from its strong performance in financial metrics, showcasing the foundation's commitment to transparency and responsible management of resources. The organization boasts a fully independent board and has successfully met all criteria related to governance and financial oversight.
Strengths of the foundation include its excellent audit and oversight practices, with no material diversion of assets reported, reflecting a robust financial structure. Additionally, the foundation has effective policies in place, such as conflict of interest and whistleblower protections, which contribute to its overall organizational integrity. The high program expense ratio of 80% demonstrates a strong focus on its charitable missions, ensuring that a significant portion of funds is directed towards its programs rather than administrative costs.
While the foundation’s financial management is commendable, potential donors or supporters may consider exploring specific programs or initiatives further to understand the direct impact of their contributions. Overall, the Arkansas Tech University Foundation represents a reliable option for those looking to support educational initiatives, backed by a solid operational framework.
This AI summary has been generated from information found on Charity Navigator.
Is Arkansas Tech University Foundation legitimate?
Arkansas Tech University Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Arkansas Tech 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: $0
Professional Fundraising Fees: $93,784
Other Salaries and Wages: $365,199
For more financial information, click here
Official website here: www.atu.edu
What is the mission statement of Arkansas Tech University Foundation?
The Arkansas Tech University Foundation plays a crucial role in supporting the educational programs at Arkansas Tech University. It accomplishes this by granting scholarship funds that are distributed based on academic department and committee selections. Additionally, the foundation provides institutional support to the university for its operational needs. The foundation's contributions and grants have significantly impacted various departments, including academic, administrative, and athletic units, as well as providing scholarship funds for deserving students. The foundation's generosity has resulted in the purchase of computers and related equipment, furnishings, general supplies, and the construction and renovation of facilities.
Official website here: www.atu.edu
Who is the CEO of Arkansas Tech University Foundation?
Jason Geiken is the Past Chair of Arkansas Tech University Foundation.
Official website here: www.atu.edu
What is the revenue of Arkansas Tech University Foundation?
Arkansas Tech University Foundation's revenue in 2022 was $15,233,363.
Official website here: www.atu.edu
Who are the executives of Arkansas Tech University Foundation and what are their salaries?
There 33 volunteers at Arkansas Tech University Foundation.
Here are 25 key members and their salaries:
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- Compensation: $9,000
- Related: $379,048
- Other: $27,312
Official website here: www.atu.edu
Where can I find the form 990 for Arkansas Tech University Foundation?
Arkansas Tech University Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.atu.edu
Learn more at the official website: www.atu.edu
Mission Statement of Arkansas Tech University Foundation
The Arkansas Tech University Foundation plays a crucial role in supporting the educational endeavors of Arkansas Tech University. It accomplishes this mission by granting scholarship funds to the university, which are distributed based on academic department and committee selections. Furthermore, the foundation provides other institutional support to Arkansas Tech University, contributing to the operation of its educational programs.
The foundation's commitment to education is reflected in its granting of scholarship funds. These resources enable deserving students to pursue their academic goals, ultimately contributing to the university's intellectual and academic growth. In addition to scholarships, the foundation extends its support to various departments and committees within the university. This assistance takes the form of contributions and grants that facilitate the purchase of essential equipment, supplies, and even the construction of new facilities.
The Arkansas Tech University Foundation's impact on the university is significant. Its financial contributions have enabled the institution to enhance its academic offerings, improve its facilities, and provide opportunities for students to succeed. Through its unwavering dedication to education, the foundation plays an essential role in fostering the academic, intellectual, and professional growth of Arkansas Tech University.
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Impact
October, 2024
The Arkansas Tech University Foundation significantly enhances the educational landscape by awarding scholarship funds that support students across various academic departments. By providing financial assistance, the foundation helps remove barriers to higher education, empowering students to pursue their academic goals without the burden of financial stress.
In addition to scholarships, the foundation contributes to the university's growth and development by funding academic, administrative, and athletic programs. This includes contributions for essential resources such as computers, furnishings, and supplies, which are critical for fostering an effective teaching and learning environment. Furthermore, the foundation plays a vital role in facility enhancements, supporting both new constructions and the renovation of existing spaces to ensure they meet the evolving needs of students and faculty.
Through its comprehensive support, the Arkansas Tech University Foundation not only promotes educational excellence but also enriches the university community, ultimately paving the way for student success and institutional advancement.
This information is meant to be a general summary of Arkansas Tech 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 2022.
- Investment Income: $3,109,930
- Gross Receipts: $15,233,363
Assets and Liabilities:
- Total Assets: $54,871,216
- Total Liabilities: $7,840,879
- Net Assets: $47,030,337
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Organization Details
Phone
(479) 968-0400Principal Officer
Jason Geiken
Main Address
1509 NORTH BOULDER, RUSSELLVILLE, AR, 72801
Website
www.atu.eduNTEE Category
Code: B110 - Education
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