Overview
What is Northern Arizona University Foundation?
The Northern Arizona University Foundation is a dedicated nonprofit organization based in Flagstaff, Arizona, with the mission to support and advance the university by fostering relationships, inspiring investments, and providing stewardship. This year, the foundation reached a significant fundraising milestone, raising over $9 million for student and faculty success initiatives. These initiatives include creating access to affordable academic programs, advancing knowledge and innovation, and developing culturally responsive opportunities for indigenous students. Additionally, over $8.5 million in donor investments led to the creation of the NAU Student-Athlete High Performance Center, a research laboratory that serves as a living and learning space. The foundation also awarded over 2,200 scholarships, totaling approximately $4 million, to provide opportunities for students. Overall, the Northern Arizona University Foundation plays a vital role in enhancing the university's recognition and fostering private investment.
Official website here: www.foundationnau.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars) on Charity Navigator.
The Northern Arizona University Foundation has achieved a notable Four-Star rating from Charity Navigator, reflecting its strong accountability and financial health. With a perfect score in several areas, including an entirely independent board and robust financial oversight, the foundation demonstrates a commitment to transparency and effective governance.
Significant strengths include a high program expense ratio of 71.23%, indicating that a substantial portion of funds supports its mission-related activities. Additionally, the organization has maintained good financial practices with no reported material diversion of assets and a favorable liabilities-to-assets ratio of 16.37%. These metrics suggest a well-managed organization focused on its educational initiatives.
However, while the foundation's fundraising efficiency ratio is relatively lower at $0.2719, it remains within acceptable limits. This aspect could indicate potential areas for improvement in their fundraising strategies, but overall, the foundation's strong governance and financial practices position it as a reliable nonprofit dedicated to supporting education in Northern Arizona.
This AI summary has been generated from information found on Charity Navigator.
Is Northern Arizona University Foundation legitimate?
Northern Arizona University Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Northern Arizona University 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:
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For more financial information, click here
Official website here: www.foundationnau.org
What is the mission statement of Northern Arizona University Foundation?
The Northern Arizona University Foundation focuses on advancing the university by fostering relationships, inspiring investment, and providing stewardship. Through these efforts, the foundation achieved a significant fundraising milestone this year, raising over $9 million for student and faculty success initiatives. These funds enabled the creation of affordable high-impact academic programs, the advancement of knowledge and innovation, and the development of culturally responsive opportunities for indigenous students. Additionally, donor investments inspired the construction of the NAU Student-Athlete High Performance Center, a living and learning research laboratory. The foundation also awarded over 2,200 scholarships, providing opportunities for students to thrive and succeed.
Official website here: www.foundationnau.org
Who is the CEO of Northern Arizona University Foundation?
Mr Nicholas Lobejko is the Chair of Northern Arizona University Foundation. The CEO's salary of Northern Arizona University Foundation is $0 and their total compensation is $0.
Official website here: www.foundationnau.org
What is the revenue of Northern Arizona University Foundation?
Northern Arizona University Foundation's revenue in 2022 was $37,761,443.
Official website here: www.foundationnau.org
Who are the executives of Northern Arizona University Foundation and what are their salaries?
There 420 volunteers at Northern Arizona University Foundation.
Here are 24 key members and their salaries (Northern Arizona University Foundation's CEO's salary is $0 and their total compensation is $0):
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Official website here: www.foundationnau.org
Where can I find the form 990 for Northern Arizona University Foundation?
Northern Arizona University Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.foundationnau.org
Learn more at the official website: www.foundationnau.org
Mission Statement of Northern Arizona University Foundation
The Northern Arizona University Foundation, a dedicated organization, strives to advance the university by fostering relationships, inspiring investment, and providing stewardship. In line with its mission, the Foundation has made significant strides this year, surpassing a fundraising milestone to support NAU in transforming lives and enriching communities.
Donors have generously contributed over $9 million towards student and faculty success initiatives at NAU. These funds have enabled access to affordable high-impact academic programs, advanced knowledge and innovation, and developed culturally responsive opportunities for indigenous students. Moreover, donor investments of over $8.5 million inspired the creation of the NAU Student-Athlete High Performance Center, a living and learning research laboratory.
The Northern Arizona University Foundation has awarded over 2,200 scholarships, providing approximately $4 million in financial aid to students. These scholarships offer bold and boundless opportunities for young learners, ensuring they can thrive academically and personally at NAU. With a renewed sense of purpose and support, these students are well on their way to achieving their educational and career goals.
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Impact
October, 2024
Northern Arizona University Foundation significantly enhances the university's mission by fostering meaningful relationships and inspiring private investment. This year, they achieved a fundraising milestone, raising over $9 million to support student and faculty success initiatives. This funding has contributed to creating access to affordable, high-impact academic programs, advancing knowledge and innovation, and developing culturally responsive opportunities for Indigenous students.
Furthermore, the foundation's efforts resulted in over $8.5 million in donor investments, which helped establish the NAU Student-Athlete High Performance Center as a living and learning research laboratory. Additionally, the foundation awarded approximately $4 million in scholarships to over 2,200 students, providing them with bold and boundless opportunities. These initiatives not only transform lives but also enrich communities, affirming the foundation's vital role in advancing education and opportunity at Northern Arizona University.
This information is meant to be a general summary of Northern Arizona University 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: $14,870,196
- Program Service Revenue: $3,803
- Gross Receipts: $54,263,292
Assets and Liabilities:
- Total Assets: $256,288,832
- Total Liabilities: $42,735,138
- Net Assets: $213,553,694
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROJECT FEES
Revenue
$3,803
Organization Details
Founding Year
1959
Phone
(928) 523-2012Principal Officer
Mr Nicholas Lobejko
Main Address
620 S KNOLES, FLAGSTAFF, AZ, 86011
Website
www.foundationnau.orgNTEE Category
Code: B110 - Education
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