Overview
What is Delaware State University Foundation Inc?
Delaware State University Foundation Inc, based in Dover, Delaware, is a nonprofit organization committed to raising funds for the betterment of Delaware State University. With a mission to promote and foster educational interests, the Foundation secures and administers private funds, supporting academic programs, student scholarships, faculty development, public service initiatives, and various priorities of the university. By creating a substantial monetary fund, the Foundation enables the university to undertake projects and enterprises that align with its goals.
Official website here: www.desu.edu
What are the reviews and ratings of this charity?
Charity Navigator rating: 96% (Four-Star out of Four Star rating)
The Delaware State University Foundation Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. With a score of 97% in this category, the organization demonstrates excellent governance practices, including a fully independent board and effective audit oversight. The foundation prioritizes transparency, as evidenced by its conflict of interest policy and documented board meeting minutes.
In terms of financial health, the foundation boasts an impressive program expense ratio of 96.35%, indicating that a significant portion of its funds is directed towards its mission-related activities. Additionally, its fundraising efficiency is noted as optimal, with no costs incurred in fundraising efforts. With a working capital ratio of 4.56 years, the foundation appears well-positioned to sustain its operations and grow its impact.
The organization also receives a strong score of 89 in Culture & Community, highlighting its commitment to equity strategies. However, the slight variance in this score compared to its finance accountability indicates room for growth in community engagement practices. Overall, the Delaware State University Foundation Inc emerges as a well-managed nonprofit with strong financial health and governance, contributing positively to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Delaware State University Foundation Inc legitimate?
Delaware State University Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Delaware 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.desu.edu
What is the mission statement of Delaware State University Foundation Inc?
The Delaware State University Foundation Inc is dedicated to advancing the educational interests of Delaware State University, a publicly supported institution of higher learning. The foundation's primary goal is to establish a substantial monetary fund to support various programs, projects, and enterprises that align with the university's objectives. By doing so, it aims to contribute significantly to the university's mission and growth. The foundation plays a crucial role in securing and managing private funds, channeling them towards academic programs, student scholarships, faculty development, and public service initiatives. Its efforts are geared towards enhancing the university's capabilities and capabilities, ultimately benefiting the student body and the academic community.
Official website here: www.desu.edu
Who is the CEO of Delaware State University Foundation Inc?
Dr Vita Pickrum Cfre is the University President of Delaware State University Foundation Inc.
Official website here: www.desu.edu
What is the revenue of Delaware State University Foundation Inc?
Delaware State University Foundation Inc's revenue in 2022 was $19,092,791.
Official website here: www.desu.edu
Who are the executives of Delaware State University Foundation Inc and what are their salaries?
There 12 volunteers at Delaware State University Foundation Inc.
Here are 15 key members and their salaries:
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Official website here: www.desu.edu
Where can I find the form 990 for Delaware State University Foundation Inc?
Delaware State University Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.desu.edu
Learn more at the official website: www.desu.edu
Mission Statement of Delaware State University Foundation Inc
Delaware State University Foundation, Inc. is a charitable organization dedicated to advancing the educational pursuits of Delaware State University, a publicly-funded institution of higher learning in Delaware. The Foundation's ultimate goal is to amass a substantial financial resource that can be channeled towards various programs, projects, and enterprises that align with the interests of the University.
In essence, Delaware State University Foundation, Inc. functions as a philanthropic partner to the University. It raises and manages private funds to support academic programs, student scholarships, faculty development, and public service initiatives. By doing so, the Foundation plays a vital role in expanding the educational opportunities and resources available to Delaware State University, thereby enhancing its ability to make a significant impact in the academic and broader community.
The mission of Delaware State University Foundation, Inc. can be encapsulated in its commitment to promoting and fostering the educational interests of Delaware State University. In pursuit of this goal, the Foundation strives to create a sizable monetary fund, which can be used to further any program, project, or enterprise that benefits the University. Through its philanthropic endeavors, the Foundation aims to contribute to the institution's growth and development, ultimately enriching the educational experience for students and the wider community.
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Impact
October, 2024
Delaware State University Foundation Inc plays a crucial role in enhancing the educational landscape at Delaware State University. By securing and administering private funds, the foundation supports a range of academic programs, student scholarships, and faculty development initiatives. This focus on financial support ensures that students have access to quality education and resources, which can lead to improved academic outcomes and greater opportunities for success after graduation.
In addition to scholarships that alleviate the financial burden on students, the foundation fosters public service initiatives that positively impact the broader community. By promoting projects and programs that benefit both students and the public, the foundation helps to bridge the gap between higher education and community needs.
The foundation's mission to create a sizeable monetary fund amplifies its impact, allowing for sustained support across various initiatives at the university. This financial backing not only enriches the student experience but also empowers faculty members to develop their skills and contribute meaningfully to their fields.
Overall, the Delaware State University Foundation Inc significantly influences the university's ability to provide high-quality education, support student aspirations, and engage in community service, thereby reinforcing the importance of higher education in shaping individual lives and society at large.
This information is meant to be a general summary of Delaware 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: $941,920
- Gross Receipts: $20,574,987
Assets and Liabilities:
- Total Assets: $37,335,368
- Total Liabilities: $937,633
- Net Assets: $36,397,735
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Organization Details
Founding Year
2006
Phone
(302) 857-6055Principal Officer
Dr Vita Pickrum Cfre
Main Address
1200 NORTH DUPONT HIGHWAY, DOVER, DE, 19901
Website
www.desu.eduNTEE Category
Code: B11 - Education
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