Overview
What is South Carolina State University Advancement Foundation Inc?
South Carolina State University Advancement Foundation Inc is a nonprofit organization stationed at 1201 Main Street Suite 1980, Columbia, SC 29201. Their primary mission is to support the faculty and programs at South Carolina State University by procuring private resources through auxiliary operations and special fundraising campaigns. This nonprofit organization serves as a crucial bridge between the university and potential donors, ensuring the continuity and enhancement of educational programs and personnel.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Zero-Star out of Four Star rating
The South Carolina State University Advancement Foundation Inc has received a zero-star rating from Charity Navigator, indicating significant concerns regarding its financial accountability and transparency. With an overall score of just 40%, the foundation has demonstrated strong governance features, such as having a majority of independent board members and a conflict of interest policy in place. However, the absence of a whistleblower policy and document retention procedures raises red flags about operational integrity.
The foundation's financial metrics present serious issues, particularly evident in the liabilities to assets ratio and program expense ratio, both scoring zero. This suggests that the organization may not be effectively utilizing its resources to further its mission or may be facing financial difficulties that compromise its operational viability. The high scores in governance aspects do not mitigate the financial concerns reflected in the overall rating.
While the foundation does have some strong governance practices, its lack of financial transparency and accountability significantly undermines its credibility and effectiveness. Potential donors and stakeholders should approach with caution, considering the noted deficiencies in financial management and operational policies.
This AI summary has been generated from information found on Charity Navigator.
Is South Carolina State University Advancement Foundation Inc legitimate?
South Carolina State University Advancement Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. South Carolina State University Advancement 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 South Carolina State University Advancement Foundation Inc?
The South Carolina State University Advancement Foundation Inc is established with a mission to support the faculty and programs at South Carolina State University. They achieve this by sourcing private funds through auxiliary operations and special fundraising campaigns. This non-profit organization's primary goal is to enhance the university's capabilities and initiatives by securing supplementary financial resources. By doing so, they contribute to the overall growth and development of the university and its community.
Who is the CEO of South Carolina State University Advancement Foundation Inc?
Charlton L Whipple is the Secretary/Tr of South Carolina State University Advancement Foundation Inc.
What is the revenue of South Carolina State University Advancement Foundation Inc?
South Carolina State University Advancement Foundation Inc's revenue in 2022 was $5,487.
Who are the executives of South Carolina State University Advancement Foundation Inc and what are their salaries?
There 3 volunteers at South Carolina State University Advancement Foundation Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for South Carolina State University Advancement Foundation Inc?
South Carolina State University Advancement Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of South Carolina State University Advancement Foundation Inc
South Carolina State University Advancement Foundation Inc is an organization with a mission to support the personnel and programs of South Carolina State University. They achieve this by securing private resources from auxiliary operations and special fundraising campaigns. In simpler terms, the foundation's role is to enhance the capabilities and initiatives of South Carolina State University by sourcing funds from various sources beyond the usual government or institutional budgets. This support can range from funding specific projects to providing resources for personnel development, ultimately contributing to the university's overall growth and success.
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Impact
August, 2024
South Carolina State University Advancement Foundation Inc's impact is significant in supporting the personnel and programs of South Carolina State University by securing private resources from auxiliary operations and special fundraising campaigns. This support helps enhance the educational experience for students, faculty, and staff at the university, contributing to the overall success and development of the institution.
This information is meant to be a general summary of South Carolina State University Advancement 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: $5,397
- Gross Receipts: $144,614
Assets and Liabilities:
- Total Assets: $285,548
- Total Liabilities: $0
- Net Assets: $285,548
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Organization Details
Founding Year
2005
Phone
(803) 748-1290Principal Officer
Charlton L Whipple
Main Address
1201 MAIN STREET SUITE 1980, COLUMBIA, SC, 29201
NTEE Category
Code: B11 - Education
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