Overview
What is Thomas Edison State University Foundation Inc?
Thomas Edison State University Foundation Inc is a nonprofit organization situated in Trenton, New Jersey, with a primary mission to support and enhance the educational endeavors of Thomas Edison University. The foundation inspires donors to invest in the university's capacity to transform lives and foster a more competitive workforce, enabling adults to achieve their educational goals. As a 501(c)(3) organization, it operates independently yet solely for the benefit, support, and promotion of the university, receiving and investing in bequests, gifts, or transfers to further its educational purposes. The foundation hosts significant events, such as the annual golf classic and gala, to raise funds for scholarships and support the university's mission.
Official website here: www.tesufoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%, Four-Star out of Four Star rating.
Thomas Edison State University Foundation Inc has achieved a perfect score of 100%, which reflects its strong commitment to accountability and financial transparency. The foundation's high rating is based entirely on its performance in accountability and finance, indicating that it meets or exceeds the standards set by Charity Navigator in these areas.
One of the notable strengths of the foundation is its governance structure, with 95% of its board members being independent. This independence contributes to effective oversight and minimizes potential conflicts of interest. Additionally, the foundation has robust financial practices, with a program expense ratio of 83.53%, signifying that a significant portion of its funds is directed towards its programs rather than administrative costs.
While the foundation has demonstrated excellence in its operations and governance, it is important to continuously monitor its performance and practices to maintain this high standard. Overall, the foundation's strong rating reflects its dedication to effective management and its mission to support Thomas Edison State University.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Thomas Edison State University Foundation Inc?
62% of 477 reviewers on Facebook recommend Thomas Edison State University Foundation Inc. Here is a summary of their insights:
Many students appreciate the flexible online programs offered at TESU, particularly in fields like Aviation. One recent graduate highlighted their positive experience, completing a Bachelor's degree in just 24 months while managing full-time work. They praised the institution's supportive advisors and noted that the efficiency of the program significantly reduced their educational costs compared to other universities, enabling a faster path to a successful career. The graduate also emphasized that hard work and determination are essential for success in this rigorous academic environment.
However, the mixed recommendation rate suggests that not every experience has been positive. Some users may have encountered challenges or felt that the offerings didn't meet their expectations. Overall, while there are strong endorsements for the quality of education and the advantages of completing a degree at TESU, potential students should consider their personal commitment to navigate the demands of the program effectively.
This AI summary has been generated from reviews found on Facebook.
Is Thomas Edison State University Foundation Inc legitimate?
Thomas Edison State University Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Thomas Edison 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.tesufoundation.org
What is the mission statement of Thomas Edison State University Foundation Inc?
The Thomas Edison State University Foundation Inc's mission is to inspire donors to invest in the transformative potential of Thomas Edison State University, aiming to build a more competitive workforce by empowering adults to achieve their educational goals. Operating as a nonprofit 501(c)(3) organization, the foundation supports and promotes the university's educational activities, and may receive and invest bequests, gifts, or transfers of property or money, using these funds for the institution's educational purposes. The foundation organizes two significant events annually to further this mission: the Annual Golf Classic to support the TESU Scholarship Fund and the Annual Gala to support the overall mission of the university.
Official website here: www.tesufoundation.org
What is the revenue of Thomas Edison State University Foundation Inc?
Thomas Edison State University Foundation Inc's revenue in 2024 was $1,441,700.
Official website here: www.tesufoundation.org
Who are the executives of Thomas Edison State University Foundation Inc and what are their salaries?
There 41 volunteers at Thomas Edison State University Foundation Inc.
Here are 29 key members and their salaries:
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- Compensation: $24,038
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- Other: $2,990
- Compensation: $156,936
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- Other: $17,903
- Compensation: $42,576
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- Other: $8,348
Official website here: www.tesufoundation.org
Where can I find the form 990 for Thomas Edison State University Foundation Inc?
Thomas Edison State University Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.tesufoundation.org
Learn more at the official website: www.tesufoundation.org
Mission Statement of Thomas Edison State University Foundation Inc
The Thomas Edison State University Foundation Inc's mission is centered around inspiring donors to invest in the transformative power of Thomas Edison State University. This nonprofit organization, operating under the 501(c)(3) umbrella, aims to build a more competitive workforce and empower adults to achieve their educational goals. It operates independently yet exclusively for the benefit, support, and promotion of the university and its educational activities. The foundation has the authority to receive and invest bequests, gifts, or transfers of property or money, and subsequently expend these funds or properties for the institution's educational purposes. In essence, the Thomas Edison State University Foundation Inc serves to bolster the university's mission by attracting financial support, thereby enabling more adults to pursue and complete their educational journeys.
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Impact
October, 2024
Thomas Edison State University Foundation Inc significantly impacts the educational landscape by empowering adult learners to achieve their academic aspirations. By inspiring donors to contribute, the foundation enhances the university's capability to transform lives and strengthen the workforce. Its initiatives support diverse educational programs that provide adults with crucial opportunities for personal and professional development.
The foundation is instrumental in organizing events like the Annual Golf Classic and the Gala, which raise vital funds for scholarships, directly benefiting students seeking to further their education. By receiving and allocating contributions, the foundation plays a crucial role in promoting access to quality education, fostering a competitive workforce, and ensuring that Thomas Edison State University remains a pivotal institution for adult learners in Trenton, NJ, and beyond. Through these efforts, it supports not only individual growth but also contributes to the broader community and economic development.
This information is meant to be a general summary of Thomas Edison 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 2024.
- Investment Income: $346,589
- Gross Receipts: $2,483,692
Assets and Liabilities:
- Total Assets: $12,447,159
- Total Liabilities: $756,761
- Net Assets: $11,690,398
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Organization Details
Founding Year
1976
Principal Officer
Christopher Stringer
Website
www.tesufoundation.orgNTEE Category
Code: B42I - Education
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