Overview
What is Bridgewater State University Foundation?
Bridgewater State University Foundation is a nonprofit organization situated in Bridgewater, Massachusetts. Their primary mission is to aid Bridgewater State University in achieving excellence in its core functions, particularly in teaching, learning, and research, in areas where state funding is scarce for the institution. They carry out this mission by awarding scholarships and financial assistance to students of Bridgewater State University, thereby contributing to the institution's growth and development. The Foundation operates with a focus on supporting the university's endeavors in areas that require additional funding, thereby enhancing its overall academic and research capabilities.
Official website here: www.alumni.bridgew.edu/aboutfoundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star rating on Charity Navigator)
The Bridgewater State University Foundation has achieved a strong Four-Star rating from Charity Navigator, reflecting its commitment to accountability and financial health. The organization scored exceptionally well in all areas assessed, particularly in accountability and finance, which is crucial for fostering donor trust and effective resource management. The foundation’s score is indicative of its efficient use of funds and strong governance practices.
Strengths highlighted in the assessment include a completely independent board, thorough financial oversight with no material diversion of assets, and a high program expense ratio of 83.43%. These attributes demonstrate the foundation's transparency and dedication to utilizing the majority of its resources for programmatic endeavors. Furthermore, the financial efficiency exhibited through a low fundraising cost and a high working capital ratio showcases the foundation's ability to sustain its operations and support its mission effectively.
While the data does not indicate any significant limitations, it is always important for potential donors and stakeholders to consider the dynamic nature of nonprofit organizations. The foundation's established policies regarding conflicts of interest and whistleblower protections contribute positively to its operational integrity. Overall, the Bridgewater State University Foundation exemplifies strong financial management and accountability in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Bridgewater State University Foundation?
While the Bridgewater State University Foundation currently has limited reviews, the existing feedback highlights a positive sentiment towards the organization. One reviewer specifically mentioned that it is "a great place to network," indicating that the foundation may offer valuable connections and opportunities for those involved.
Though there are not enough ratings to glean a more comprehensive picture, the single review suggests that users appreciate the networking potential provided by the foundation. Overall, it seems that the foundation is viewed favorably, particularly in terms of its ability to facilitate professional and personal relationships.
This AI summary has been generated from reviews found on Facebook.
Is Bridgewater State University Foundation legitimate?
Bridgewater State University Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bridgewater State University Foundation 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:
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Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.alumni.bridgew.edu/aboutfoundation
What is the mission statement of Bridgewater State University Foundation?
The Bridgewater State University Foundation's mission is to aid Bridgewater State University in achieving excellence in its primary functions of teaching, learning, and research. This is particularly focused on educational areas that receive limited or no state funding. The foundation's activities primarily involve providing financial assistance through scholarships to students enrolled at Bridgewater State University.
Official website here: www.alumni.bridgew.edu/aboutfoundation
Who is the CEO of Bridgewater State University Foundation?
Doug Shropshire is the Director of Bridgewater State University Foundation.
Official website here: www.alumni.bridgew.edu/aboutfoundation
What is the revenue of Bridgewater State University Foundation?
Bridgewater State University Foundation's revenue in 2022 was $8,431,786.
Official website here: www.alumni.bridgew.edu/aboutfoundation
Who are the executives of Bridgewater State University Foundation and what are their salaries?
There 24 volunteers at Bridgewater State University Foundation.
Here are 25 key members and their salaries:
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- Related: $173,250
- Other: $66,389
Official website here: www.alumni.bridgew.edu/aboutfoundation
Where can I find the form 990 for Bridgewater State University Foundation?
Bridgewater State University Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.alumni.bridgew.edu/aboutfoundation
Learn more at the official website: www.alumni.bridgew.edu/aboutfoundation
Mission Statement of Bridgewater State University Foundation
The Bridgewater State University Foundation is dedicated to assisting Bridgewater State University in achieving its goal of excellence in its primary functions of teaching, learning, and research. This nonprofit organization focuses on educational areas where the institution receives little or no state funding. Its mission is to provide support and resources to help Bridgewater State University excel in these vital areas, thus fostering a conducive environment for students to thrive academically.
To accomplish this mission, the Bridgewater State University Foundation incurs expenses to award scholarships and financial assistance to students of Bridgewater State University. By providing financial aid, the foundation enables deserving students to pursue their education without being burdened by financial constraints. This support not only helps individual students but also contributes to the overall success and growth of the university, ultimately enriching the community as a whole.
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Impact
October, 2024
Bridgewater State University Foundation significantly enhances the educational landscape by providing vital support to Bridgewater State University. By focusing on areas where state funding is limited or nonexistent, the foundation plays a critical role in advancing teaching, learning, and research. Through its financial assistance initiatives, the foundation awards student scholarships, which not only alleviate the burden of educational costs but also empower students to pursue their academic goals with greater confidence. This support fosters an environment of excellence, ensuring that students and faculty have the necessary resources to thrive in their respective fields, thereby enriching the overall educational experience at Bridgewater State University.
This information is meant to be a general summary of Bridgewater State University Foundation. 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: $690,609
- Gross Receipts: $11,003,457
Assets and Liabilities:
- Total Assets: $55,255,899
- Total Liabilities: $238,893
- Net Assets: $55,017,006
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Organization Details
Founding Year
1984
Phone
(508) 531-2691Principal Officer
Doug Shropshire
Main Address
26 SUMMER STREET, BRIDGEWATER, MA, 02325
NTEE Category
Code: B114 - Education
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