Overview
What is West Chester University Foundation?
The West Chester University Foundation is a nonprofit organization headquartered at 202 Carter Drive, West Chester, PA, 19382. With a team of 35 employees, its primary mission is to promote the charitable, scientific, and educational interests of West Chester University. In the fiscal year ending June 30, 2022, the Foundation raised over $12 million in donations for the university. Almost a million dollars of this total was designated for endowments to fund future scholarships and support university programs and activities. Approximately $1.35 million in scholarships were granted to nearly a thousand students, making higher education opportunities accessible to them. The remaining funds were allocated to various academic and cultural programs, athletic initiatives, joint undergraduate student and faculty research, student and faculty conference attendance, student participation in national tournaments, professional development, and other student services.
Official website here: www.wcufoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 94%
The West Chester University Foundation has received an impressive Four-Star out of Four Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The foundation scored 94% in this category, indicating a high level of transparency and governance. Notably, the organization boasts a fully independent board, effective oversight mechanisms, and a solid financial structure, including a low liabilities to assets ratio.
Strengths include the foundation's rigorous adherence to policies such as conflict of interest and whistleblower protections, alongside efficient fundraising practices, which yield a low cost per dollar raised. The majority of its resources are directed towards programs, with a program expense ratio of 60.94%, although there is room for improvement in maximizing that percentage.
While the foundation exhibits strong fiscal responsibility, the data suggests that there are areas where program funding could be increased. Overall, the West Chester University Foundation demonstrates a commitment to its mission and responsible management of resources, earning its high evaluation.
This AI summary has been generated from information found on Charity Navigator.
Is West Chester University Foundation legitimate?
West Chester University Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. West Chester 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: $633,013
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,737,198
For more financial information, click here
Official website here: www.wcufoundation.org
What is the mission statement of West Chester University Foundation?
The West Chester University Foundation exists to foster charitable, scientific, and educational interests for West Chester University. It achieves this goal by soliciting funds and other property in alignment with the university's priorities. In the fiscal year ending June 30, 2022, the foundation successfully raised over $12 million for the university. Nearly $1 million of this amount was allocated to endowments, funding future student scholarships and supporting university programs and activities. The scholarships granted to nearly 1,000 students played a crucial role in enabling these students to access the opportunities and benefits of a high-quality West Chester University education. Moreover, the funds raised contributed to various initiatives such as academic and cultural programs, athletic programs, research collaborations, conference attendance, student participation in national tournaments, professional development, and student services.
Official website here: www.wcufoundation.org
Who is the CEO of West Chester University Foundation?
Debra Cornelius is the Chief Dev. Off./Int. Ed (As Of 6/22) of West Chester University Foundation. The CEO's salary of West Chester University Foundation is $280,712 and their total compensation is $341,376.
Official website here: www.wcufoundation.org
What is the revenue of West Chester University Foundation?
West Chester University Foundation's revenue in 2022 was $16,709,922.
Official website here: www.wcufoundation.org
Who are the executives of West Chester University Foundation and what are their salaries?
The average compensation at West Chester University Foundation during 2022 was $67,720. There are 35 employees and 160 volunteers at West Chester University Foundation.
Here are 24 key members and their salaries (West Chester University Foundation's CEO's salary is $280,712 and their total compensation is $341,376):
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- Compensation: $280,712
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- Compensation: $104,932
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- Other: $27,122
Official website here: www.wcufoundation.org
Where can I find the form 990 for West Chester University Foundation?
West Chester University Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wcufoundation.org
Learn more at the official website: www.wcufoundation.org
Mission Statement of West Chester University Foundation
The West Chester University Foundation actively works towards promoting the charitable, scientific, and educational interests of West Chester University. Established with this mission in mind, the Foundation achieves its goals by soliciting funds and other property in accordance with priorities set by the university.
During the fiscal year ending on June 30, 2022, the Foundation raised over $12 million for West Chester University. Of this amount, over $1 million was directed towards endowments for future student scholarships and support for university programs and activities. Nearly 1,000 students benefited from these scholarships, many of whom would not have been able to experience the opportunities and benefits of a high-quality West Chester University education without this financial assistance.
Moreover, the funds raised by the Foundation benefited various programs and activities such as academic and cultural programs, athletic programs, joint undergraduate student and faculty research, and student and faculty conference attendance. Students also participated in national tournaments, received professional development, and availed of other student services. Overall, the West Chester University Foundation's efforts significantly contributed to enhancing the educational experience and opportunities for students at the university.
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Impact
October, 2024
West Chester University Foundation significantly contributes to the education and development of students at West Chester University. In the fiscal year ending June 30, 2022, the Foundation successfully raised over $12 million, with a portion of those contributions—over $1 million—allocated to endowments aimed at supporting future scholarships and university programs.
These efforts directly resulted in the awarding of $1.35 million in scholarships to nearly 1,000 students, enabling many to pursue a high-quality education they might otherwise have been unable to afford. The scholarships are determined based on specific criteria set by donors, ensuring that assistance is tailored to meet the diverse needs of the student body.
In addition to financial support for students, the Foundation's fundraising efforts enhance various academic and cultural programs. These funds facilitate athletic programs, joint research initiatives involving students and faculty, attendance at conferences, and participation in national tournaments, all of which foster a vibrant educational environment. The impact of the Foundation is profound, promoting both the charitable and educational endeavors of West Chester University and enriching the overall academic experience for its students.
This information is meant to be a general summary of West Chester 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: $3,423,355
- Program Service Revenue: $4,112,801
- Gross Receipts: $20,431,435
Assets and Liabilities:
- Total Assets: $52,679,195
- Total Liabilities: $3,605,914
- Net Assets: $49,073,281
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACT REVENUE
Revenue
$4,104,301
SPONSORSHIP REVENUE
Revenue
$8,500
Organization Details
Founding Year
2000
Phone
(610) 436-2868Principal Officer
Debra Cornelius
Main Address
202 CARTER DRIVE, WEST CHESTER, PA, 19382
Website
www.wcufoundation.orgNTEE Category
Code: B11 - Education
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