Overview
What is Salem State University Foundation Inc?
Salem State University Foundation Inc, located at 352 Lafayette Street, Salem, MA 01915, is a nonprofit organization with a mission to support Salem State University. They achieve this by raising and managing contributions, ultimately helping the university meet its needs and accomplish its objectives. These contributions are then allocated to students and departments within the university, aligning with the foundation's exempt purpose. By doing so, the foundation plays a crucial role in fostering the academic and developmental growth of Salem State University.
Official website here: www.salemstate.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
Salem State University Foundation Inc has achieved an impressive 97% rating from Charity Navigator, indicating strong performance in accountability and finance as well as community engagement. The foundation scored exceptionally well in areas such as independent board membership and financial oversight, reflecting a commitment to transparency and effective governance. This high rating signifies that the organization effectively utilizes its resources to fulfill its mission.
The foundation's financial health is robust, with a program expense ratio of 82.21%, indicating a significant portion of funds are allocated directly to programs rather than administrative costs. Additionally, their fundraising efficiency is notably high, with only $0.05 spent to raise a dollar, showcasing their effective fundraising strategies. Such metrics suggest that donors can trust their contributions to be managed wisely and effectively.
While the foundation excels in many areas, it maintains a focus on developing equity strategies, achieving a score of 95 out of 100 in that category. This commitment to inclusivity and community impact is crucial for fostering trust and engagement among stakeholders. Overall, Salem State University Foundation Inc stands out as a well-managed nonprofit dedicated to supporting education and community initiatives.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Salem State University Foundation Inc?
86% of 530 reviewers on Facebook recommend the Salem State University Foundation Inc. Here is a summary of their reviews:
Many individuals appreciate the depth and intensity of the classes offered, particularly in business-related subjects. One reviewer highlighted their positive experiences with accounting, economics, and marketing courses, noting that the education received at Salem State significantly outpaced that of peers from more prestigious institutions. This rigorous academic preparation has contributed to their successful career in launching multiple recruiting firms, with notable financial achievements.
Overall, the foundation appears to effectively support its students’ educational journeys, fostering skills and knowledge that lead to real-world success. Graduates feel confident that their experiences at Salem State have positioned them well for their careers, indicating a strong belief in the value of the programs offered.
This AI summary has been generated from reviews found on Facebook.
Is Salem State University Foundation Inc legitimate?
Salem State University Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Salem State University Foundation 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
Official website here: www.salemstate.edu
What is the mission statement of Salem State University Foundation Inc?
The Salem State University Foundation Inc's mission is centered around assisting Salem State University in achieving its objectives. This is accomplished by procuring and managing contributions. The primary role of the foundation involves making grants and allocations to students of Salem State University and various departments within the university, aligning with its exempt purpose. The foundation's activities are geared towards supporting the university's needs and goals.
Official website here: www.salemstate.edu
Who is the CEO of Salem State University Foundation Inc?
Cheryl Crounse is the Treasurer of Salem State University Foundation Inc.
Official website here: www.salemstate.edu
What is the revenue of Salem State University Foundation Inc?
Salem State University Foundation Inc's revenue in 2022 was $9,786,265.
Official website here: www.salemstate.edu
Who are the executives of Salem State University Foundation Inc and what are their salaries?
There 22 volunteers at Salem State University Foundation Inc.
Here are 23 key members and their salaries:
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- Related: $186,131
- Other: $18,393
Official website here: www.salemstate.edu
Where can I find the form 990 for Salem State University Foundation Inc?
Salem State University Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.salemstate.edu
Learn more at the official website: www.salemstate.edu
Mission Statement of Salem State University Foundation Inc
Salem State University Foundation Inc, as a mission-driven organization, is committed to aiding Salem State University in achieving its objectives and fulfilling its needs. The foundation's primary role is to gather and manage contributions, with the ultimate goal of channeling these funds to deserving students and departments within the university. The foundation's exempt purpose guides its grants and allocations, ensuring they align with the university's best interests. By supporting Salem State University in this way, the foundation plays a crucial role in enhancing the educational opportunities and experiences of its students.
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Impact
July, 2024
Salem State University Foundation Inc plays a vital role in supporting Salem State University by helping the institution meet its needs and goals through the raising and management of contributions. This nonprofit organization grants and allocates funds to students of Salem State University and various departments within the institution, all in line with its exempt purpose. Through its efforts, Salem State University Foundation Inc contributes significantly to the advancement of education and the overall success of the university community.
This information is meant to be a general summary of Salem State University Foundation 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: $2,747,539
- Program Service Revenue: $129,163
- Gross Receipts: $10,067,614
Assets and Liabilities:
- Total Assets: $50,036,671
- Total Liabilities: $795,274
- Net Assets: $49,241,397
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SPEAKER SERIES
Revenue
$129,163
Organization Details
Founding Year
1977
Phone
(978) 542-7590Principal Officer
Cheryl Crounse
Main Address
352 LAFAYETTE STREET, SALEM, MA, 01915
Website
www.salemstate.eduNTEE Category
Code: B110 - Education
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