Overview
What is Louisiana Tech University Foundation Inc?
The Louisiana Tech University Foundation Inc, based in Ruston, Louisiana, is a nonprofit organization dedicated to raising funds to support and enhance programs at Louisiana Tech University. The foundation solicits, receives, holds, invests, and transfers funds for the university's benefit while also helping it meet accreditation criteria outlined by the Commission on Colleges for the Southern Association of Colleges and Schools. These funds contribute to scholarships, equipment, supplies, facilities, and various items that promote, improve, or sustain the university's academic offerings. With a small team of one employee, the foundation plays a vital role in the university community.
Official website here: www.latechalumni.org/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Stars)
The Louisiana Tech University Foundation Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. With a high score of 90, the organization demonstrates excellent governance, evidenced by its fully independent board of 52 members and effective oversight measures. The foundation has established robust policies for conflict of interest, whistleblowing, and document retention, contributing to its transparency and reliability.
In terms of financial efficiency, the foundation has a program expense ratio of 78.04%, indicating that a significant majority of its funds are directed towards its core mission. The organization also shows a commendable fundraising efficiency, with low costs associated with fundraising efforts. Its liabilities to assets ratio stands at a manageable 51.84%, suggesting a healthy financial position relative to its obligations.
While the foundation performs well overall, one area for potential improvement is its liabilities to assets ratio, which could benefit from further strengthening. Nonetheless, the organization is well-regarded for its financial health and dedication to supporting Louisiana Tech University, making it a viable option for donors seeking to contribute to educational initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Louisiana Tech University Foundation Inc legitimate?
Louisiana Tech University Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Louisiana Tech University 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $802
For more financial information, click here
Official website here: www.latechalumni.org/foundation
What is the mission statement of Louisiana Tech University Foundation Inc?
The Louisiana Tech University Foundation exists to gather financial support for Louisiana Tech University. Its primary role is to collect, manage, and distribute funds that benefit the university. Additionally, the foundation plays a crucial part in helping Louisiana Tech meet the requirements for accreditation by the Commission on Colleges for the Southern Association of Colleges and Schools. The foundation's resources are allocated towards scholarships, equipment, supplies, and other essentials that enhance and sustain the academic programs of Louisiana Tech University.
Official website here: www.latechalumni.org/foundation
Who is the CEO of Louisiana Tech University Foundation Inc?
Anne K Samuels is the Director of Louisiana Tech University Foundation Inc.
Official website here: www.latechalumni.org/foundation
What is the revenue of Louisiana Tech University Foundation Inc?
Louisiana Tech University Foundation Inc's revenue in 2022 was $19,125,681.
Official website here: www.latechalumni.org/foundation
Who are the executives of Louisiana Tech University Foundation Inc and what are their salaries?
The average compensation at Louisiana Tech University Foundation Inc during 2022 was $802. There is 1 employee and 47 volunteers at Louisiana Tech University Foundation Inc.
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Official website here: www.latechalumni.org/foundation
Where can I find the form 990 for Louisiana Tech University Foundation Inc?
Louisiana Tech University Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.latechalumni.org/foundation
Learn more at the official website: www.latechalumni.org/foundation
Mission Statement of Louisiana Tech University Foundation Inc
The Louisiana Tech University Foundation is a vital organization dedicated to raising funds and providing support for Louisiana Tech University. Established with the mission to solicit, receive, hold, invest, and transfer funds, the Foundation plays a crucial role in advancing the educational institution. In doing so, it helps Louisiana Tech University meet the criteria for accreditation as outlined by the Commission on Colleges for the Southern Association of Colleges and Schools.
Through the Foundation's efforts, resources are allocated for various purposes that enhance, improve, or sustain programs at Louisiana Tech University. These funds contribute to the expansion of scholarships, the acquisition of equipment and supplies, and the development of facilities. By doing so, the Foundation significantly contributes to the growth and success of the university.
Moreover, the Foundation's commitment to Louisiana Tech University extends beyond financial support. It serves as a vital partner in ensuring the university remains accredited and continues to offer high-quality education. The Foundation's resources enable the university to invest in its students, faculty, and programs, ultimately contributing to its ongoing success and impact on the community and beyond.
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Impact
October, 2024
Louisiana Tech University Foundation Inc plays a crucial role in enhancing the educational experience at Louisiana Tech University. By soliciting, receiving, holding, investing, and transferring funds, the Foundation ensures vital financial resources are directed towards scholarships, equipment, supplies, and facilities. These investments help promote and sustain various academic programs, benefiting students and faculty alike.
Moreover, the Foundation's efforts contribute significantly to meeting the accreditation standards set by the Commission on Colleges of the Southern Association of Colleges and Schools. Through its initiatives, Louisiana Tech University Foundation Inc not only supports the university's current needs but also fosters long-term growth and excellence in education, ultimately impacting the students' future and the broader community in Ruston, Louisiana.
This information is meant to be a general summary of Louisiana Tech University 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: $2,304,539
- Gross Receipts: $27,574,641
Assets and Liabilities:
- Total Assets: $108,650,325
- Total Liabilities: $53,288,224
- Net Assets: $55,362,101
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Organization Details
Founding Year
1964
Phone
(318) 255-7950Principal Officer
Anne K Samuels
Main Address
POST OFFICE BOX 3183 TECH STATION, RUSTON, LA, 71272
NTEE Category
Code: B110 - Education
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