Overview
What is Western Washington University Foundation?
The Western Washington University Foundation is a 501(C)(3) non-profit corporation based in Bellingham, Washington. Established in 1966, its mission is to encourage, secure, and steward private financial resources for Western Washington University, furthering its academic mission. The organization's operations encompass equipment purchases, faculty and student travel, conferences, honoraria, supplies, and other program services. With a dedicated board of alumni, parents, and community leaders, the Western Washington University Foundation fosters awareness of the significance of private support for public institutions and manages over $75 million in assets. These resources fund student scholarships, as well as program and faculty member support.
Official website here: www.foundation.wwu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
The Western Washington University Foundation has achieved a high rating of 97% from Charity Navigator, reflecting its strong performance in accountability and finance. This score is indicative of the organization's commitment to transparency and responsible financial management, with all measures of accountability receiving top scores.
The foundation demonstrates robust governance with a fully independent board of 22 members and comprehensive oversight mechanisms such as an Audit and Oversight Committee. Additionally, it maintains excellent financial health, as shown by a low liabilities-to-assets ratio and an impressive program expense ratio of 88.46%, ensuring that the majority of funds are directed towards its programs.
While the foundation's financial metrics are commendable, there are no notable limitations or concerns highlighted in the available data, suggesting that it operates efficiently and ethically within its mission. Overall, the Western Washington University Foundation exemplifies a well-managed nonprofit dedicated to its goals and the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Western Washington University Foundation legitimate?
Western Washington University Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Western Washington 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:
Executive Compensation: $0
Professional Fundraising Fees: $59,256
Other Salaries and Wages: $1,802,070
For more financial information, click here
Official website here: www.foundation.wwu
What is the mission statement of Western Washington University Foundation?
The Western Washington University Foundation is a non-profit, public 501(C)(3) organization that advances the mission of Western Washington University. By inspiring the community to give, the Foundation secures and stewards private resources to support scholarship, research, and creativity at the university. Established in 1966, it serves as a vehicle for receiving and encouraging private donations to WWU. The Foundation is led by a group of dedicated board members who bring diverse experiences and share a common mission of engaging new supporters and managing the over $75 million in assets under its care. Gifts from the Foundation fund student scholarships and support programs and faculty members.
Official website here: www.foundation.wwu
Who is the CEO of Western Washington University Foundation?
Kim O'Neill is the CEO of Western Washington University Foundation The CEO's salary of Western Washington University Foundation is $170,546 and their total compensation is $184,368.
Official website here: www.foundation.wwu
What is the revenue of Western Washington University Foundation?
Western Washington University Foundation's revenue in 2023 was $24,719,929.
Official website here: www.foundation.wwu
Who are the executives of Western Washington University Foundation and what are their salaries?
There 22 volunteers at Western Washington University Foundation.
Here are 29 key members and their salaries (Western Washington University Foundation's CEO's salary is $170,546 and their total compensation is $184,368):
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- Compensation: $170,546
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- Other: $13,822
- Compensation: $56,183
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- Compensation: $119,925
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- Other: $4,398
- Compensation: $104,060
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- Other: $11,979
- Compensation: $111,964
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- Other: $8,271
- Compensation: $111,767
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- Other: $8,256
Official website here: www.foundation.wwu
Where can I find the form 990 for Western Washington University Foundation?
Western Washington University Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.foundation.wwu
Learn more at the official website: www.foundation.wwu
Mission Statement of Western Washington University Foundation
The Western Washington University Foundation, a 501(C)(3) organization, is dedicated to advancing the academic mission of Western Washington University. Established in 1966, this non-profit corporation exists to encourage, secure, and steward private financial resources for the university. The Foundation's mission is to inspire the community to give, thereby securing and stewarding private resources to fuel scholarship, research, and creativity.
Led by a committed group of board members, the Foundation brings together accomplished alumni, parents, and community leaders. These individuals contribute their valuable experiences in business, education, science, and non-profits to engage new friends for Western Washington University and manage the more than $75 million in assets under the Foundation's care. The Foundation plays a crucial role in funding student scholarships and supporting faculty and programs at the university. By securing these vital resources, the Western Washington University Foundation is a vital partner in fostering academic success and progress at the institution.
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Impact
October, 2024
The Western Washington University Foundation plays a pivotal role in enhancing the academic mission of Western Washington University. By encouraging and securing private financial resources, the Foundation fosters opportunities for student scholarships, faculty support, and essential program services. Since its establishment in 1966, the Foundation has effectively engaged alumni, parents, and community leaders to promote awareness of the significance of private contributions in supporting higher education.
Through its stewardship of over $75 million in assets, the Foundation not only funds scholarships but also facilitates equipment purchases, travel for faculty and students, and supports conferences and supplies. This comprehensive financial backing empowers Western Washington University to foster scholarship, research, and creativity, ultimately enriching the educational experience for students and faculty alike. The Foundation's commitment to inspiring community support is vital in ensuring that the university remains a vibrant center of learning and innovation.
This information is meant to be a general summary of Western Washington 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 2023.
- Investment Income: $237,579
- Program Service Revenue: $1,644,183
- Gross Receipts: $25,581,189
Assets and Liabilities:
- Total Assets: $143,878,599
- Total Liabilities: $16,773,473
- Net Assets: $127,105,126
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ENDOWMENT MGMT FEES
Revenue
$1,533,154
UNIV. SUPPORTED EVENTS
Revenue
$111,029
Organization Details
Founding Year
1966
Principal Officer
Kim O'Neill
Website
www.foundation.wwuNTEE Category
Code: B43 - Education
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