Overview
What is The University Of Texas Rio Grande Valley Foundation?
The University of Texas Rio Grande Valley Foundation is a nonprofit organization based in Mcallen, Texas. Its primary mission is to bolster the university endowment by fostering connections between various university segments, the community, and the corporate world. Through value-enhancing relationships, the foundation awards scholarships or offers support to the University of Texas Rio Grande Valley. This organization plays a vital role in augmenting educational opportunities and resources for students attending this university and other institutions.
Official website here: www.utrgvfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
The University of Texas Rio Grande Valley Foundation has achieved a commendable Four-Star rating from Charity Navigator, reflecting a perfect score of 100% in Accountability & Finance. This high rating indicates that the foundation adheres to best practices in financial management, ensuring transparency and effective use of funds. The foundation's commitment to accountability is underscored by its independent board structure, which comprises 100% independent members.
Strengths of the foundation include a strong financial oversight system, with an audit and oversight committee receiving the highest possible score. The organization has demonstrated no material diversion of assets and maintains a robust program expense ratio of 82.28%, indicating that a significant portion of its expenditures directly supports its programs. Additionally, the foundation enjoys an impressive fundraising efficiency ratio, spending only $0.05 to raise a dollar, which highlights its effective fundraising strategies.
While the ratings showcase a strong commitment to financial integrity, no significant limitations or issues were mentioned in the data. Overall, the University of Texas Rio Grande Valley Foundation appears to be a well-managed nonprofit, making effective use of its resources to support its mission.
This AI summary has been generated from information found on Charity Navigator.
Is The University Of Texas Rio Grande Valley Foundation legitimate?
The University Of Texas Rio Grande Valley Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The University Of Texas Rio Grande Valley 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.
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Official website here: www.utrgvfoundation.org
What is the mission statement of The University Of Texas Rio Grande Valley Foundation?
The University of Texas Rio Grande Valley Foundation's mission is centered around enhancing the university's endowment. They achieve this by establishing valuable relationships with various segments of the university, the community, and the corporate world. This organization awards scholarships and provides support, not just to the University of Texas Rio Grande Valley, but also to other educational institutions. Their primary objective is to strengthen the university's resources, thereby contributing to its overall growth and success.
Official website here: www.utrgvfoundation.org
What is the revenue of The University Of Texas Rio Grande Valley Foundation?
The University Of Texas Rio Grande Valley Foundation's revenue in 2023 was $4,961,472.
Official website here: www.utrgvfoundation.org
Who are the executives of The University Of Texas Rio Grande Valley Foundation and what are their salaries?
Here are 21 key members and their salaries:
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Official website here: www.utrgvfoundation.org
Where can I find the form 990 for The University Of Texas Rio Grande Valley Foundation?
The University Of Texas Rio Grande Valley Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.utrgvfoundation.org
Learn more at the official website: www.utrgvfoundation.org
Mission Statement of The University Of Texas Rio Grande Valley Foundation
The University of Texas Rio Grande Valley Foundation is dedicated to enhancing the endowment of the University of Texas Rio Grande Valley. They achieve this mission by fostering connections between various segments of the university and the broader community and corporate world. This is done through the establishment of mutually beneficial relationships. The foundation also awards scholarships and provides financial support to the University of Texas Rio Grande Valley, as well as other colleges and universities. This mission aims to enrich the educational experience and opportunities for students across these institutions.
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Impact
July, 2024
The University of Texas Rio Grande Valley Foundation's impact lies in increasing the university endowment by fostering connections between all university segments and the community and corporate world. Through valuable relationships, the Foundation awards scholarships and provides support to the University of Texas Rio Grande Valley and other educational institutions. Its initiatives directly contribute to enhancing educational opportunities and fostering academic success for students in McAllen, Texas, and beyond.
This information is meant to be a general summary of The University Of Texas Rio Grande Valley 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 2023.
- Investment Income: $898,565
- Gross Receipts: $8,382,091
Assets and Liabilities:
- Total Assets: $38,582,106
- Total Liabilities: $0
- Net Assets: $38,582,106
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Organization Details
Founding Year
1982
Principal Officer
Jason Leal
Website
www.utrgvfoundation.orgNTEE Category
Code: B82 - Education
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