Overview
What is University Of Houston Foundation?
The University of Houston Foundation is a nonprofit organization located in Houston, Texas, with an address at 4543 Post Oak Place Ste 250, ZIP Code 77027. The Foundation's primary objective is to support the University of Houston System by managing and administering funds for various scholarship and educational programs across affiliated colleges, as detailed in Schedule I. The Foundation's mission is to enhance the educational initiatives of the University of Houston, with a workforce of just four employees. The University of Houston Foundation is dedicated to advancing the University's educational programs through financial contributions and effective management of these resources.
Official website here: www.universityofhoustonfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 96%, Four-Star out of Four Star rating
The University of Houston Foundation has achieved a Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial health. The organization boasts an impressive score of 96 in Accountability & Finance, indicating robust management practices and transparency. Key strengths include a fully independent board, a high program expense ratio of 84.23%, and effective oversight measures, all contributing to its financial integrity.
The foundation demonstrates exceptional governance with all board members being independent, ensuring unbiased decision-making. Their financial oversight is further reinforced by comprehensive policies including conflict of interest, whistleblower protections, and meticulous document management practices. The absence of any material diversion of assets further solidifies the organization’s credibility.
While the foundation's financial health is commendable, the focus on program expenses suggests a dedication to maximizing resources for its missions. Overall, the University of Houston Foundation exemplifies a solid nonprofit organization with a track record of responsible financial stewardship and commitment to its educational goals.
This AI summary has been generated from information found on Charity Navigator.
Is University Of Houston Foundation legitimate?
University Of Houston Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. University Of Houston 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: $326,045
Professional Fundraising Fees: $0
Other Salaries and Wages: $217,813
For more financial information, click here
Official website here: www.universityofhoustonfoundation.org
What is the mission statement of University Of Houston Foundation?
The University of Houston Foundation plays a significant role in enhancing the educational programs of the University of Houston. Its primary objective is to gather and manage funds for the institution's benefit. The Foundation's mission includes advancing and promoting the welfare of the University of Houston System. Through its efforts, various scholarship and educational programs are supported across numerous colleges within the University. By managing donations and allocating resources, the University of Houston Foundation contributes to the growth and success of the educational institution.
Official website here: www.universityofhoustonfoundation.org
Who is the CEO of University Of Houston Foundation?
Terrylin G Neale is the Chair of University Of Houston Foundation.
Official website here: www.universityofhoustonfoundation.org
What is the revenue of University Of Houston Foundation?
University Of Houston Foundation's revenue in 2022 was $16,062,659.
Official website here: www.universityofhoustonfoundation.org
Who are the executives of University Of Houston Foundation and what are their salaries?
The average compensation at University Of Houston Foundation during 2022 was $135,964. There are 4 employees and 9 volunteers at University Of Houston Foundation.
Here are 10 key members and their salaries:
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- Compensation: $285,679
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- Other: $31,680
- Compensation: $112,154
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- Other: $23,881
Official website here: www.universityofhoustonfoundation.org
Where can I find the form 990 for University Of Houston Foundation?
University Of Houston Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.universityofhoustonfoundation.org
Learn more at the official website: www.universityofhoustonfoundation.org
Mission Statement of University Of Houston Foundation
The University of Houston Foundation is a charitable organization dedicated to enhancing the educational programs of the University of Houston and its affiliated institutions. Through the receipt and management of donations, the Foundation plays a vital role in supporting various scholarly pursuits and initiatives within the University of Houston System.
In essence, the University of Houston Foundation serves as a bridge between the academic community and generous benefactors, ensuring that valuable resources are allocated to enrich the learning experience for students. The Foundation supports a diverse range of scholarship and educational programs across the colleges listed in Schedule I, contributing to the overall growth and development of the University of Houston. By fundraising and administering donated funds, the University of Houston Foundation is instrumental in expanding opportunities for students and fostering academic excellence.
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Impact
October, 2024
The University of Houston Foundation significantly impacts the educational landscape by advancing the programs and general welfare of the University of Houston and its affiliated components. By receiving contributions and managing funds, it plays a crucial role in enhancing the academic experience for students across various colleges within the University of Houston System.
One of the key areas of influence is through the provision of scholarships and financial assistance, which helps to alleviate the financial burden on students and promotes access to education. This support not only enables students to pursue their academic goals but also fosters a diverse and inclusive environment that enriches the overall educational experience.
Through its diligent administration of funds, the Foundation ensures that resources are allocated effectively to various educational programs, driving innovation and continuous improvement within the university. By investing in these initiatives, the University of Houston Foundation contributes to the development of a highly skilled and educated workforce, ultimately benefiting the broader Houston community and the state of Texas.
This information is meant to be a general summary of University Of Houston 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: $9,648,263
- Gross Receipts: $57,598,655
Assets and Liabilities:
- Total Assets: $176,095,945
- Total Liabilities: $11,901,187
- Net Assets: $164,194,758
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Organization Details
Founding Year
1960
Phone
(713) 662-6061Principal Officer
Terrylin G Neale
Main Address
4543 Post Oak Place Ste 250, Houston, TX, 77027
NTEE Category
Code: B110 - Education
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