Overview
What is University Of Arkansas Foundation Inc?
The University of Arkansas Foundation Inc, based in Fayetteville, Arkansas, is a nonprofit organization dedicated to supporting the University of Arkansas System. With a team of nine employees, they allocate funds for the construction and equipment needs of the affiliated organizations. This support helps ensure the University of Arkansas System thrives and progresses.
Official website here: www.uarkfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 96%, Four-Star out of Four Star rating.
The University of Arkansas Foundation Inc has achieved an impressive 96% rating, indicating strong accountability and financial practices. The organization scores particularly well in areas such as independent board governance, with 100% of its board members being independent, and it demonstrates a commitment to transparency through detailed financial reporting and policies.
Strengths of the foundation include a high program expense ratio of 91.04%, which reflects its effective allocation of resources towards its mission. Additionally, the organization has a solid working capital ratio, suggesting a strong financial position and stability. The absence of material asset diversion and a comprehensive audit process further emphasize its dedication to responsible financial management.
However, there are some limitations noted in the data, particularly regarding the absence of posted board member information and a donor privacy policy on its website. These gaps could impact stakeholder perceptions of transparency and accountability. Despite these minor issues, the overall performance of the University of Arkansas Foundation Inc is commendable.
This AI summary has been generated from information found on Charity Navigator.
Is University Of Arkansas Foundation Inc legitimate?
University Of Arkansas Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. University Of Arkansas 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: $1,439,888
Professional Fundraising Fees: $0
Other Salaries and Wages: $390,026
For more financial information, click here
Official website here: www.uarkfoundation.org
What is the mission statement of University Of Arkansas Foundation Inc?
The University of Arkansas Foundation Inc plays a crucial role in supporting the University of Arkansas System. Its mission is geared towards providing essential funding for the institutions under its purview, specifically for construction projects and acquiring necessary equipment. This financial assistance ensures the ongoing development and growth of the universities. Additionally, the resources allocated by the foundation contribute to enhancing the educational experience for students and faculty. Overall, the University of Arkansas Foundation Inc serves as a vital partner in advancing the academic pursuits of the universities it supports.
Official website here: www.uarkfoundation.org
Who is the CEO of University Of Arkansas Foundation Inc?
Robert Koster is the Board Member of University Of Arkansas Foundation Inc. The CEO's salary of University Of Arkansas Foundation Inc is $414,268 and their total compensation is $457,647.
Official website here: www.uarkfoundation.org
What is the revenue of University Of Arkansas Foundation Inc?
University Of Arkansas Foundation Inc's revenue in 2022 was $77,874,519.
Official website here: www.uarkfoundation.org
Who are the executives of University Of Arkansas Foundation Inc and what are their salaries?
The average compensation at University Of Arkansas Foundation Inc during 2022 was $203,324. There are 9 employees and 26 volunteers at University Of Arkansas Foundation Inc.
Here are 33 key members and their salaries (University Of Arkansas Foundation Inc's CEO's salary is $414,268 and their total compensation is $457,647):
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- Compensation: $414,268
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- Compensation: $109,356
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- Other: $25,871
Official website here: www.uarkfoundation.org
Where can I find the form 990 for University Of Arkansas Foundation Inc?
University Of Arkansas Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.uarkfoundation.org
Learn more at the official website: www.uarkfoundation.org
Mission Statement of University Of Arkansas Foundation Inc
The University of Arkansas Foundation Inc plays a vital role in supporting the University of Arkansas System. This nonprofit organization is dedicated to allocating funds to various organizations within the university system, contributing to the construction and acquisition of necessary equipment.
By providing essential resources, the University of Arkansas Foundation Inc enables the university to thrive and grow. Its mission is geared toward enhancing the academic and research capabilities of the University of Arkansas System, ensuring the institution remains at the forefront of higher education. The nonprofit's efforts encompass both the present and the future, investing in the infrastructure and development of the university.
The University of Arkansas Foundation Inc's commitment to the university system extends beyond just financial support. By funding new construction projects and purchasing state-of-the-art equipment, the organization plays a crucial role in maintaining the university's competitive edge. This, in turn, attracts top students, faculty, and researchers, fostering a culture of excellence and innovation within the institution.
In essence, the University of Arkansas Foundation Inc acts as a catalyst for progress within the university, empowering it to exceed the boundaries of what's possible and continue to make a significant impact on the world.
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Impact
October, 2024
The University of Arkansas Foundation Inc. plays a crucial role in enhancing the educational landscape of the University of Arkansas System. By allocating funds for construction and equipment, the foundation significantly contributes to the development of facilities and resources that support academic programs and student experiences. This investment helps to create a more conducive learning environment, fostering academic excellence and innovation within the university community.
Located in Fayetteville, Arkansas, the foundation's efforts ensure that the University of Arkansas System can continue to attract top-tier faculty and students, advance research initiatives, and expand its educational offerings. Through strategic funding, the foundation directly impacts the quality of education and the overall growth of the university, reinforcing its commitment to shaping the future of higher education in the region.
This information is meant to be a general summary of University Of Arkansas 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: $7,396,411
- Gross Receipts: $1,507,039,939
Assets and Liabilities:
- Total Assets: $1,894,141,764
- Total Liabilities: $33,077,466
- Net Assets: $1,861,064,298
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Organization Details
Founding Year
1956
Phone
(479) 575-5581Principal Officer
Robert Koster
Main Address
535 RESEARCH CENTER BLVD 120, FAYETTEVILLE, AR, 72701
Website
www.uarkfoundation.orgNTEE Category
Code: B110 - Education
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