Overview
What is East Stroudsburg University Foundation?
The East Stroudsburg University Foundation, located at 200 Prospect Street, East Stroudsburg, Pennsylvania 18301, is a nonprofit organization dedicated to supporting and enhancing East Stroudsburg University (ESU) in Pennsylvania. The foundation collects unlimited funds, which are primarily utilized to grant financial aid to ESU's faculty, students, and cover operational expenses. Its mission is to promote the growth and overall well-being of ESU, securing and managing private donations that eventually benefit the students and faculty through scholarships, grants, and other forms of assistance. The foundation is managed by a team of 17 individuals.
Official website here: www.esufoundation.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 94%, Four-Star out of Four Star rating.
The East Stroudsburg University Foundation has achieved a high rating of 94% on Charity Navigator, indicating strong performance in accountability and finance. This score reflects a commitment to transparency and effective governance, demonstrated by an independent board comprised entirely of 16 members and the implementation of robust financial oversight measures.
Strengths noted include exemplary scores in key areas such as conflict of interest policies, whistleblower protections, and audit practices. The foundation has shown a low ratio of liabilities to assets and has a strong fundraising efficiency, with $0.17 spent per dollar raised. However, the program expense ratio at 64.84% suggests room for improvement in directing a higher percentage of expenditures toward programmatic activities.
Overall, the foundation's financial practices and governance structure are commendable, contributing to its positive rating. While there are areas for enhancement, particularly in program spending, the high marks in accountability indicate a well-managed organization focused on its mission.
This AI summary has been generated from information found on Charity Navigator.
Is East Stroudsburg University Foundation legitimate?
East Stroudsburg University Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. East Stroudsburg 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:
Executive Compensation: $409,410
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,494,868
For more financial information, click here
Official website here: www.esufoundation.org
What is the mission statement of East Stroudsburg University Foundation?
The East Stroudsburg University Foundation's mission is centered around fostering and promoting the growth, progress, and general welfare of East Stroudsburg University (ESU) in Pennsylvania. The foundation is dedicated to securing and responsibly managing private donations and grants, which are then distributed in the form of scholarships, grants, and assistance to the university's students and faculty. Unrestricted funds collected by the foundation are utilized to provide such financial aid to ESU, support its faculty and students, and cover the foundation's operational expenses.
Official website here: www.esufoundation.org
Who is the CEO of East Stroudsburg University Foundation?
Richard Santoro is the Director - Emeriti of East Stroudsburg University Foundation.
Official website here: www.esufoundation.org
What is the revenue of East Stroudsburg University Foundation?
East Stroudsburg University Foundation's revenue in 2023 was $9,519,217.
Official website here: www.esufoundation.org
Who are the executives of East Stroudsburg University Foundation and what are their salaries?
The average compensation at East Stroudsburg University Foundation during 2023 was $112,016. There are 17 employees and 30 volunteers at East Stroudsburg University Foundation.
Here are 23 key members and their salaries:
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- Other: $35,700
Official website here: www.esufoundation.org
Where can I find the form 990 for East Stroudsburg University Foundation?
East Stroudsburg University Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.esufoundation.org
Learn more at the official website: www.esufoundation.org
Mission Statement of East Stroudsburg University Foundation
The East Stroudsburg University Foundation is committed to fostering and promoting the growth, progress, and general welfare of East Stroudsburg University (ESU) of Pennsylvania. To achieve this, the foundation focuses on securing and stewarding private gifts and grants for ESU's benefit. These donations are then distributed in the form of scholarships, grants, and assistance to the university's students and faculty. Furthermore, the foundation utilizes all unresticted funds it collects to provide support to ESU, its faculty, and students, while also covering its operational costs. In essence, the East Stroudsburg University Foundation plays a significant role in enhancing the academic opportunities and wellbeing of the university community.
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Impact
October, 2024
The East Stroudsburg University Foundation significantly contributes to the growth and well-being of the university and its community. By securing and stewarding private gifts and grants, the Foundation enhances educational opportunities for students and faculty. The unrestricted funds collected are vital, as they are allocated towards scholarships, grants, and various forms of assistance, directly benefiting the university's academic environment.
Through its mission, the Foundation not only supports individual students and faculty members but also fosters a culture of learning and academic excellence at East Stroudsburg University. The available financial resources enable the university to thrive, promoting innovative programs and helping to sustain operational costs, which ultimately enriches the educational experience for everyone involved. The Foundation’s efforts have a profound impact, ensuring that East Stroudsburg University continues to be a vibrant and supportive educational institution in Pennsylvania.
This information is meant to be a general summary of East Stroudsburg 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 2023.
- Investment Income: $2,601,240
- Program Service Revenue: $1,170,000
- Gross Receipts: $15,099,019
Assets and Liabilities:
- Total Assets: $36,820,800
- Total Liabilities: $894,416
- Net Assets: $35,926,384
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICE FEES INCOME
Revenue
$1,170,000
Organization Details
Founding Year
1991
Phone
(570) 422-3333Principal Officer
Richard Santoro
Main Address
200 PROSPECT STREET, EAST STROUDSBURG, PA, 18301
Website
www.esufoundation.orgNTEE Category
Code: B110 - Education
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