Overview
What is Alfred State College Development Fund Inc?
Alfred State College Development Fund Inc is a nonprofit organization, specifically established to support Alfred State College, a constituent of the State University of New York (SUNY). Their primary mission is to generate revenue, which is then utilized to grant scholarships to eligible students at SUNY College of Technology at Alfred. Beyond scholarships, these funds also aid in financing various activities within the college. By doing so, Alfred State College Development Fund Inc contributes significantly to the educational pursuits and overall development of students and alumni at SUNY College of Technology at Alfred, situated in Alfred, New York.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
Alfred State College Development Fund Inc has received an impressive Four-Star rating from Charity Navigator, highlighting its strong performance in accountability and finance. The charity's overall score is a reflection of its commitment to transparency and effective financial management, achieving a perfect score in several key areas, including the independence of its board members and the absence of any material diversion of assets.
The organization showcases a robust financial health with a program expense ratio of 95.30%, indicating that the majority of its funds are directed toward its charitable programs. Additionally, the fundraising efficiency of just $0.01 demonstrates an effective use of resources, maximizing the impact of donations received. These factors contribute to a solid foundation for the organization’s operations in supporting the mission of Alfred State College.
While the charity's performance indicators are highly favorable, it is essential to note that the high scores are derived from a focused analysis on accountability and finance only. Future evaluations could benefit from a broader assessment of program outcomes and community impact, which would provide a more comprehensive understanding of the organization’s effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Alfred State College Development Fund Inc legitimate?
Alfred State College Development Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alfred State College Development 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.
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Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Alfred State College Development Fund Inc?
The Alfred State College Development Fund Inc's mission is centered around supporting the State University of New York College of Technology at Alfred, its students, and alumni. They accomplish this by generating revenue, which is then utilized to provide scholarships for deserving students and finance various activities at the college. The primary goal is to advance and promote the interests of the institution, thereby benefiting its academic community. By offering scholarship funds and other forms of assistance, the organization aims to foster educational opportunities and enrich the college's overall atmosphere.
Who is the CEO of Alfred State College Development Fund Inc?
Danielle White is the Executive Director of Alfred State College Development Fund Inc.
What is the revenue of Alfred State College Development Fund Inc?
Alfred State College Development Fund Inc's revenue in 2022 was $2,490,756.
Who are the executives of Alfred State College Development Fund Inc and what are their salaries?
Here are 16 key members and their salaries:
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Where can I find the form 990 for Alfred State College Development Fund Inc?
Alfred State College Development Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Alfred State College Development Fund Inc
Alfred State College Development Fund Inc is an organization dedicated to advancing and promoting the interests of the State University of New York College of Technology at Alfred, its students, and its alumni. Their mission is to generate revenues that are utilized to provide scholarships for eligible students and offer financial assistance for various activities at SUNY College of Technology at Alfred. By doing so, Alfred State College Development Fund Inc aims to support the college and its community, fostering academic growth and success for its students and alumni.
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Impact
October, 2024
Alfred State College Development Fund Inc plays a crucial role in advancing the interests of the State University of New York College of Technology at Alfred. By generating revenue, the organization provides scholarships and financial assistance that directly benefit students and support various college activities.
This commitment to education enables deserving students to pursue their academic goals without the burden of financial strain. In turn, these scholarships enhance access to quality education and foster a thriving academic community. Additionally, the financial support extends to various programs and activities that enrich the student experience, further promoting engagement, growth, and success among the diverse student body.
Through its efforts, the Fund not only enriches individual lives but also contributes to the overall development of the college, ensuring that both current students and alumni have a robust support system that encourages lifelong learning and professional advancement.
This information is meant to be a general summary of Alfred State College Development 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: $528,352
- Program Service Revenue: $217,841
- Gross Receipts: $2,549,218
Assets and Liabilities:
- Total Assets: $11,006,281
- Total Liabilities: $194,145
- Net Assets: $10,812,136
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GRANTS
Revenue
$84,547
ATHLETICS
Revenue
$27,901
SKILLS EVENTS
Revenue
$22,978
EVENTS
Revenue
$20,829
CLUBS
Revenue
$14,298
Organization Details
Founding Year
1993
Phone
(607) 587-3937Principal Officer
Danielle White
Main Address
ALFRED STATE COLLEGE, ALFRED, NY, 14802
NTEE Category
Code: B82 - Education
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