Overview
What is Northeastern Oklahoma A&M Development Foundation?
The Northeastern Oklahoma A&M Development Foundation is a nonprofit organization situated in Miami, Oklahoma. Its primary mission is to bridge the gap between state funding and the needs of Northeastern Oklahoma A&M College, supporting various activities and programs through faculty grants. One of its key initiatives, Fund a Norseman, offers essential resources to deserving students, including room and board, textbooks, college experiences, and paid classes. Additionally, the foundation provides funds for necessary care, supplies, and shelter for campus animals in the School of Agriculture and Natural Sciences. It further supports the School of Liberal Arts by supplying equipment, instruments, and the School of Human Environmental Sciences by providing medical laboratory equipment. During fiscal year 2022, the foundation granted scholarships to 262 students, totaling $280,420. In essence, the Northeastern Oklahoma A&M Development Foundation aims to support student scholarships, faculty development, building projects, and campus activities at Northeastern Oklahoma A&M College.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Star rating)
The Northeastern Oklahoma A&M Development Foundation has received an 86% score, reflecting a strong emphasis on accountability and finance. This rating is derived solely from their accountability metrics, which indicates a focus on transparency and responsible management. The organization shows commendable practices, including a fully independent board and no material diversion of assets.
Strengths noted in the data include a comprehensive set of policies for conflict of interest, whistleblowing, and document retention, all of which score the maximum points possible. The foundation also demonstrates robust oversight with complete financial audits and documentation of board meeting minutes. Their liabilities to assets ratio is notably low at 7.55%, indicating solid financial health.
However, while the program expense ratio stands at 63.59%, which demonstrates a reasonable allocation of resources towards their programs, it falls slightly short of an ideal score. This suggests that while the organization is managing its finances well overall, there may be room for improvement in how effectively funds are directed towards programmatic outcomes.
This AI summary has been generated from information found on Charity Navigator.
Is Northeastern Oklahoma A&M Development Foundation legitimate?
Northeastern Oklahoma A&M Development Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Northeastern Oklahoma A&M Development 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: $0
Other Salaries and Wages: $8,651
For more financial information, click here
What is the mission statement of Northeastern Oklahoma A&M Development Foundation?
The Northeastern Oklahoma A&M Development Foundation exists with the primary objective of raising funds for scholarships and supporting campus projects and initiatives at Northeastern Oklahoma A&M College. Its mission is to bridge the gap between state funding and the necessities of the college's activities and programs. The foundation accomplishes this through faculty grants, funding projects like 'Fund a Norseman,' which offers essentials such as room and board, books, college experiences, and paid classes for deserving students. Furthermore, faculty grants enable the School of Agriculture and Natural Sciences to provide care, supplies, and shelter for campus animals, while the School of Liberal Arts and the School of Human Environmental Sciences acquire necessary equipment, supplies, and instruments. During fiscal year 2022, the foundation awarded scholarships to 262 students, amounting to $280,420.
Who is the CEO of Northeastern Oklahoma A&M Development Foundation?
Rick Vandaveer is the Executive Director (Left 07/21) of Northeastern Oklahoma A&M Development Foundation.
What is the revenue of Northeastern Oklahoma A&M Development Foundation?
Northeastern Oklahoma A&M Development Foundation's revenue in 2022 was $698,655.
Who are the executives of Northeastern Oklahoma A&M Development Foundation and what are their salaries?
There 75 volunteers at Northeastern Oklahoma A&M Development Foundation.
Here are 20 key members and their salaries:
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Where can I find the form 990 for Northeastern Oklahoma A&M Development Foundation?
Northeastern Oklahoma A&M Development Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Northeastern Oklahoma A&M Development Foundation
The Northeastern Oklahoma A&M Development Foundation exists with a mission to raise funds for scholarships and support campus projects and initiatives at Northeastern Oklahoma A&M College. This foundation plays a crucial role in bridging the gap between the state funding and the needs of the college's activities and programs. One of its primary initiatives is the 'Fund a Norseman' project, which provides essential resources such as room and meal plans, books, college experiences, and paid classes for deserving students.
In addition to supporting students, the foundation also provides faculty grants. For instance, the School of Agriculture and Natural Sciences receives necessary care, supplies, and shelter for its campus animals. Meanwhile, the School of Liberal Arts is equipped with essential supplies and instruments, and the School of Human Environmental Sciences is able to procure medical laboratory equipment. The Northeastern Oklahoma A&M Development Foundation's generous contributions during the fiscal year 2022 included scholarships awarded to 262 students, totaling $280,420. This underscores the foundation's commitment to empowering students and ensuring the college's activities and programs thrive.
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Impact
July, 2024
The Northeastern Oklahoma A&M Development Foundation has a significant impact on Northeastern A&M College by supporting student scholarships, faculty development, building projects, and campus activities. The foundation bridges the gap between state funding and the college's needs through faculty grants, ensuring the college can provide essential resources for its programs. Specifically, the foundation funds initiatives like 'Fund a Norseman,' which assists deserving students with room and board, books, college experiences, and paid classes. Additionally, faculty grants enable the school to enhance programs in areas such as agriculture, natural sciences, liberal arts, and human environmental sciences by providing necessary care, supplies, equipment, and instruments.
During the fiscal year 2022, the foundation awarded scholarships to 262 students, totaling $280,420, further highlighting its impactful contributions to student success. Through its mission to raise funds for scholarships and support campus projects and initiatives, the Northeastern Oklahoma A&M Development Foundation plays a crucial role in advancing education and opportunities for students at Northeastern Oklahoma A&M College.
This information is meant to be a general summary of Northeastern Oklahoma A&M Development 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: $291,357
- Program Service Revenue: $27,769
- Gross Receipts: $1,987,379
Assets and Liabilities:
- Total Assets: $8,513,280
- Total Liabilities: $860,328
- Net Assets: $7,652,952
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CLUB & ORG REVENUE
Revenue
$27,769
Organization Details
Founding Year
1983
Phone
(918) 540-6311Principal Officer
Rick Vandaveer
Main Address
200 I STREET NE, MIAMI, OK, 74354
NTEE Category
Code: B82 - Education
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