Overview
What is University Of Oklahoma Foundation Inc?
The University of Oklahoma Foundation Inc, an independent charitable organization located at 100 Timberdell Road in Norman, Oklahoma 73019, facilitates and manages philanthropic gifts to support the University of Oklahoma. With a culture of integrity, skill, and persistence, the Foundation aligns the passions of donors and alumni with the enduring mission of the University. The Foundation's activities include making general education expenditures in accordance with its purpose, ranging from supplying basic needs to funding specific projects within departments or schools of the university. The organization employs a team of 180 individuals to carry out its work.
Official website here: www.oufoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
The University of Oklahoma Foundation Inc has achieved a remarkable Four-Star rating from Charity Navigator, reflecting its outstanding performance in accountability and finance. The organization scored 100%, which indicates a strong commitment to transparency, governance, and financial health. The high rating is primarily based on the Foundation's rigorous adherence to financial accountability, with no reported material diversions of assets and comprehensive oversight practices.
Strengths highlighted in the evaluation include a fully independent board, sound financial ratios, and effective governance policies. The organization maintains a high program expense ratio of 84.19%, ensuring that the majority of its resources are directed toward its mission. Additionally, the Foundation demonstrates excellent fundraising efficiency, with only $0.07 spent to raise each dollar, and has a solid working capital ratio of 11.63 years, indicating long-term financial stability.
While the data reflects strong operational practices, potential donors can always look for ongoing transparency and engagement with stakeholders to ensure continued trust and accountability. Overall, the University of Oklahoma Foundation Inc stands out as a well-managed nonprofit, making significant strides in its mission while maintaining a focus on responsible resource management.
This AI summary has been generated from information found on Charity Navigator.
Is University Of Oklahoma Foundation Inc legitimate?
University Of Oklahoma Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. University Of Oklahoma 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: $3,174,038
Professional Fundraising Fees: $335,132
Other Salaries and Wages: $2,435,020
For more financial information, click here
Official website here: www.oufoundation.org
What is the mission statement of University Of Oklahoma Foundation Inc?
The University of Oklahoma Foundation is a charitable organization dedicated to managing philanthropic gifts to support the University of Oklahoma. With a culture of integrity, skill, and persistence, the foundation aligns the passions of donors and alumni with the enduring mission of the university. The foundation facilitates various expenditures for general university education assistance, ranging from supplying basic needs to funding specific projects within departments or schools.
Official website here: www.oufoundation.org
Who is the CEO of University Of Oklahoma Foundation Inc?
Guy L Patton is the President And Ceo of University Of Oklahoma Foundation Inc. The CEO's salary of University Of Oklahoma Foundation Inc is $744,602 and their total compensation is $796,133.
Official website here: www.oufoundation.org
What is the revenue of University Of Oklahoma Foundation Inc?
University Of Oklahoma Foundation Inc's revenue in 2022 was $254,552,099.
Official website here: www.oufoundation.org
Who are the executives of University Of Oklahoma Foundation Inc and what are their salaries?
The average compensation at University Of Oklahoma Foundation Inc during 2022 was $31,161. There are 180 employees and 20 volunteers at University Of Oklahoma Foundation Inc.
Here are 32 key members and their salaries (University Of Oklahoma Foundation Inc's CEO's salary is $744,602 and their total compensation is $796,133):
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- Compensation: $744,602
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- Other: $37,133
Official website here: www.oufoundation.org
Where can I find the form 990 for University Of Oklahoma Foundation Inc?
University Of Oklahoma Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.oufoundation.org
Learn more at the official website: www.oufoundation.org
Mission Statement of University Of Oklahoma Foundation Inc
The University of Oklahoma Foundation is a charitable organization dedicated to managing and facilitating philanthropic gifts to support the University of Oklahoma. With a culture rooted in integrity, skill, and persistence, the Foundation bridges the passions of donors and alumni with the indelible mission of the University of Oklahoma. The Foundation plays a vital role in channeling resources to various educational initiatives, ranging from general supplies to specific projects within different departments or schools of the University. By aligning philanthropic interests with the University's endeavors, the University of Oklahoma Foundation strengthens its academic programs and fosters long-term growth.
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Impact
October, 2024
The University of Oklahoma Foundation Inc significantly enhances the educational landscape by facilitating and managing philanthropic contributions that support the University of Oklahoma. By aligning donors' passions with the university's mission, it cultivates a culture rooted in integrity and dedication. The foundation provides essential financial support for a variety of educational endeavors, from general supplies to specialized projects within various departments and schools.
The impact of the foundation stretches across the campus, enriching student experiences, funding faculty research, and enhancing academic programs. This support fosters an environment where students can thrive and educators can excel in their teaching and research efforts. Ultimately, the foundation plays a crucial role in advancing the overall quality of education at the University of Oklahoma, ensuring that resources are available to meet the evolving needs of students and faculty alike.
This information is meant to be a general summary of University Of Oklahoma 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: $49,367,567
- Gross Receipts: $596,751,611
Assets and Liabilities:
- Total Assets: $2,467,155,168
- Total Liabilities: $481,366,733
- Net Assets: $1,985,788,435
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Organization Details
Founding Year
1944
Phone
(405) 321-1174Principal Officer
Guy L Patton
Main Address
100 TIMBERDELL ROAD, NORMAN, OK, 73019
Website
www.oufoundation.orgNTEE Category
Code: B110 - Education
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