Overview
What is Phillips Unversity Legacy Foundation?
The Phillips University Legacy Foundation, located in Enid, Oklahoma (2615 E Randolph Ave), is a nonprofit organization dedicated to fostering leaders who positively impact the world. Operating with a team of seven employees, the foundation accomplishes its mission by offering leadership development programs and scholarships, honoring the legacy of Phillips University. In the fiscal year 2022, it granted both undergraduate and graduate scholarships, and 20 volunteers contributed an impressive 3,079 hours of dedicated service to the scholarship recipients. This foundation is committed to making education more accessible, affordable, and transformative, striving to create a significant impact on individuals' lives and the world at large.
Official website here: www.pulf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71%, Two-Star out of Four Star rating.
The Phillips University Legacy Foundation has received a Two-Star rating, indicating that while the organization demonstrates strong performance in certain areas, there are notable weaknesses in its accountability and financial practices. The Accountability & Finance score of 65 suggests room for improvement, particularly in optimizing the allocation of resources to programs, as evidenced by a program expense ratio of 58.55%.
On a positive note, the foundation excels in culture and community engagement, scoring a perfect 100 in this category. Additionally, it showcases strong governance with a fully independent board and no material diversion of assets. The foundation also meets all best practices regarding conflict of interest, whistleblower, and document retention policies, which enhances its credibility and operational integrity.
While the leadership and adaptability scores are also commendable at 100, the overall financial management poses a concern that could impact its sustainability and long-term effectiveness. Addressing these financial practices could help the foundation leverage its strengths in community involvement and governance to better fulfill its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Phillips Unversity Legacy Foundation legitimate?
Phillips Unversity Legacy Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Phillips Unversity Legacy 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: $105,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $142,647
For more financial information, click here
Official website here: www.pulf.org
What is the mission statement of Phillips Unversity Legacy Foundation?
The Phillips University Legacy Foundation's mission is to foster the development of future leaders who can bring about global transformation. They achieve this by offering leadership development programs and scholarships, paying tribute to the legacy of Phillips University. The foundation's goal is to make higher education more affordable, accessible, and impactful. In addition to providing financial aid, the foundation also engages volunteers, who collectively contribute a significant number of hours to support the scholarship and leadership development recipients.
Official website here: www.pulf.org
What is the revenue of Phillips Unversity Legacy Foundation?
Phillips Unversity Legacy Foundation's revenue in 2024 was $686,238.
Official website here: www.pulf.org
Who are the executives of Phillips Unversity Legacy Foundation and what are their salaries?
The average compensation at Phillips Unversity Legacy Foundation during 2024 was $49,529. There are 5 employees and 24 volunteers at Phillips Unversity Legacy Foundation.
Here are 13 key members and their salaries:
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Official website here: www.pulf.org
Where can I find the form 990 for Phillips Unversity Legacy Foundation?
Phillips Unversity Legacy Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.pulf.org
Learn more at the official website: www.pulf.org
Mission Statement of Phillips Unversity Legacy Foundation
The Phillips University Legacy Foundation is dedicated to fulfilling a noble mission. Their objective is to cultivate leaders who have the potential to positively impact the world. They achieve this by offering leadership development programs and granting scholarships, all while upholding the legacy of Phillips University. The foundation plays a pivotal role in making education more affordable, accessible, and transformative for individuals. During the fiscal year 2022, the foundation awarded scholarships at both the undergraduate and graduate levels. In addition, the foundation boasts a committed team of volunteers who donated a considerable amount of time, totaling 3079 hours, to support the scholarship recipients and contribute to their leadership development.
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Impact
July, 2024
The Phillips University Legacy Foundation's impact is significant in developing leaders who are poised to transform the world. By providing leadership development opportunities and scholarships in honor of Phillips University's legacy, the foundation is making education more accessible, affordable, and transformative. In FY 2022, the foundation awarded undergraduate and graduate scholarships, benefiting deserving students. Additionally, the foundation's 20 volunteers contributed 3079 hours of service to support the scholarship and leadership development recipients, further amplifying its impact in empowering future leaders.
This information is meant to be a general summary of Phillips Unversity Legacy 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 2024.
- Investment Income: $101,513
- Program Service Revenue: $1,043
- Gross Receipts: $2,330,291
Assets and Liabilities:
- Total Assets: $4,882,061
- Total Liabilities: $10,972
- Net Assets: $4,871,089
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program Revenue
Revenue
$1,043
Organization Details
Founding Year
2000
Principal Officer
Angela Kaufman
Website
www.pulf.orgNTEE Category
Code: B111 - Education
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