Overview
What is Fitchburg State University Foundation Inc?
Fitchburg State University Foundation Inc is a nonprofit organization that wholeheartedly supports the educational pursuits of Fitchburg State University. Their primary mission is to bolster and strengthen the educational experience for the university's students. By providing resources and funding, they aim to contribute positively to the university's academic journey, thereby enhancing its overall educational endeavors.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 95%, Four-Star out of Four Star rating.
Fitchburg State University Foundation Inc has achieved a commendable Four-Star rating from Charity Navigator, with a strong emphasis on accountability and finance. The organization scored 95% in this area, reflecting its commitment to financial integrity and transparent governance. This rating is based on a comprehensive assessment of various financial metrics and policies, indicating that the foundation has established a solid framework for managing its resources.
The foundation excels in maintaining an independent board, with 76% of its members being independent, and it has a robust size of 13 independent members. Additionally, the organization is recognized for its effective financial oversight, as evidenced by its high scores across numerous categories, including having no material diversion of assets and a well-defined conflict of interest policy. Its program expense ratio is impressive, indicating that a significant portion of its funds is directed toward its mission-related activities.
Despite these strengths, potential donors and stakeholders should remain informed about the foundation's ongoing activities and funding strategies. Overall, Fitchburg State University Foundation Inc demonstrates a high level of fiscal responsibility and governance, making it a reliable choice for those looking to support educational initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Fitchburg State University Foundation Inc legitimate?
Fitchburg State University Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fitchburg 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
What is the mission statement of Fitchburg State University Foundation Inc?
The mission of Fitchburg State University Foundation Inc is centered around supporting the educational pursuits of Fitchburg State University. This organization is dedicated to strengthening the educational endeavor of the university, providing resources and assistance to ensure its continued success. By doing so, they contribute to the overall educational growth and development of the students and faculty at Fitchburg State University.
Who is the CEO of Fitchburg State University Foundation Inc?
Richard S Lapidus is the President of Fitchburg State University Foundation Inc.
What is the revenue of Fitchburg State University Foundation Inc?
Fitchburg State University Foundation Inc's revenue in 2022 was $3,824,038.
Who are the executives of Fitchburg State University Foundation Inc and what are their salaries?
There 44 volunteers at Fitchburg State University Foundation Inc.
Here are 23 key members and their salaries:
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- Related: $255,658
- Other: $26,881
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- Related: $165,499
- Other: $9,032
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- Related: $168,402
- Other: $25,797
- Compensation: $0
- Related: $142,249
- Other: $39,032
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- Related: $173,237
- Other: $29,919
- Compensation: $0
- Related: $166,437
- Other: $28,171
- Compensation: $0
- Related: $159,948
- Other: $15
- Compensation: $0
- Related: $136,999
- Other: $43,294
- Compensation: $0
- Related: $164,895
- Other: $33,010
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Where can I find the form 990 for Fitchburg State University Foundation Inc?
Fitchburg State University Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Fitchburg State University Foundation Inc
Fitchburg State University Foundation Inc, as its name suggests, is dedicated to supporting the educational pursuits of Fitchburg State University. This nonprofit organization has a mission to aid in the educational endeavor of the university, working tirelessly to contribute to its success and growth. By providing essential support, the foundation enables Fitchburg State University to continue its commitment to academic excellence and student success.
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Impact
July, 2024
Fitchburg State University Foundation Inc's impact is centered around supporting the educational endeavors of Fitchburg State University. Their mission is to provide crucial support to the university in its pursuit of educational excellence. By funding various programs, initiatives, and resources, the foundation plays a key role in enhancing the overall educational experience for students at Fitchburg State University. Through their efforts, they contribute to the growth and success of both the university and its students.
This information is meant to be a general summary of Fitchburg 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: $2,031,909
- Program Service Revenue: $80,478
- Gross Receipts: $8,951,224
Assets and Liabilities:
- Total Assets: $26,762,004
- Total Liabilities: $405,019
- Net Assets: $26,356,985
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
All Other Insurance Related Activities
Revenue
$57,421
Other
Revenue
$4,379
Other activity
Revenue
$18,678
Organization Details
Founding Year
1978
Phone
(978) 665-3457Principal Officer
Richard S Lapidus
Main Address
160 PEARL ST, FITCHBURG, MA, 014202631
NTEE Category
Code: B42I - Education
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