Overview
What is Aaun Endowment Fund Inc?
Aaun Endowment Fund Inc, located in Reno, Nevada, is a nonprofit organization committed to fostering the growth and enhancement of intercollegiate athletics at the University of Nevada, Reno. Their primary mission is to establish an endowment fund, utilizing scholarships and financial aid to support student-athletes attending this institution. This fund aims to empower and assist these talented individuals in their academic and athletic pursuits.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star rating)
The Aaun Endowment Fund Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. With an overall score of 94%, the organization demonstrates a solid commitment to financial health and transparency, which is crucial for maintaining donor trust and support.
One of the standout features of the organization is its governance structure, boasting a 100% independent board. This not only enhances oversight but also ensures that decisions are made in the best interest of the organization and its mission. The fund has also proven to have no material diversion of assets, and it has established comprehensive policies, including conflict of interest and whistleblower policies, which contribute to its strong accountability framework.
However, while the organization excels in financial management and governance, it is important for potential donors to consider the specific programs and initiatives that the Aaun Endowment Fund Inc supports. A high program expense ratio of 94.47% indicates that a significant portion of its resources is directed toward programs rather than administrative costs, which is a positive sign for those interested in the fund's impact.
This AI summary has been generated from information found on Charity Navigator.
Is Aaun Endowment Fund Inc legitimate?
Aaun Endowment Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Aaun Endowment Fund 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Aaun Endowment Fund Inc?
The Aaun Endowment Fund Inc's mission is centered around providing financial assistance to student athletes at the University of Nevada, Reno. Specifically, their objective is to establish an endowment fund that will offer scholarships and grants to these students, thereby supporting and aiding in the growth and improvement of intercollegiate athletics at the university. The organization's primary goal is to empower and assist student athletes in their academic and athletic pursuits.
Who is the CEO of Aaun Endowment Fund Inc?
Chris Aramini is the Unr Presiden of Aaun Endowment Fund Inc.
What is the revenue of Aaun Endowment Fund Inc?
Aaun Endowment Fund Inc's revenue in 2022 was $572,782.
Who are the executives of Aaun Endowment Fund Inc and what are their salaries?
There 24 volunteers at Aaun Endowment Fund Inc.
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $677,090
- Other: $95,750
- Compensation: $0
- Related: $473,128
- Other: $129,562
- Compensation: $0
- Related: $419,646
- Other: $85,006
- Compensation: $0
- Related: $225,626
- Other: $78,495
- Compensation: $0
- Related: $151,415
- Other: $68,772
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Aaun Endowment Fund Inc?
Aaun Endowment Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Aaun Endowment Fund Inc
Aaun Endowment Fund Inc is committed to providing scholarships and grants to student athletes at the University of Nevada, Reno. The organization's mission is to support and aid in the growth and improvement of intercollegiate athletics at the university. To accomplish this, Aaun Endowment Fund Inc has established an endowment fund. This fund will offer financial aid and scholarships to student athletes who are currently enrolled at the University of Nevada, Reno. By providing this support, the organization aims to assist these athletes in their academic and athletic pursuits, enabling them to fully participate in and excel at university-level sports.
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Impact
July, 2024
Aaun Endowment Fund Inc provides vital scholarships and grants to student athletes at the University of Nevada, Reno. Through its efforts, the organization plays a crucial role in supporting and enhancing the growth and development of intercollegiate athletics at the university. By creating an endowment fund specifically dedicated to providing financial aid to student athletes attending the University of Nevada, Reno, Aaun Endowment Fund Inc significantly contributes to facilitating the education and athletic pursuits of talented individuals. This impact ultimately helps in fostering a competitive and supportive environment for student athletes to excel both academically and athletically.
This information is meant to be a general summary of Aaun Endowment Fund 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: $468,112
- Gross Receipts: $985,764
Assets and Liabilities:
- Total Assets: $8,783,497
- Total Liabilities: $841
- Net Assets: $8,782,656
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Organization Details
Founding Year
1992
Phone
(775) 784-1587Principal Officer
Chris Aramini
Main Address
1664 N VIRGINIA ST MAIL STOP 162, RENO, NV, 89557
NTEE Category
Code: B82 - Education
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