Overview
What is Northern State University Foundation?
The Northern State University Foundation, situated in Aberdeen, South Dakota, is a nonprofit organization with a mission to secure the future of Northern State University. To achieve this goal, they engage in various activities, such as soliciting and managing funds. They have distributed scholarships to students in three categories: athletic, academic, and departmental, totaling 642, 776, and 452 respectively. Their staff consists of 17 dedicated individuals. The foundation's purpose extends beyond fundraising, as they also pursue other activities aimed at supporting and strengthening Northern State University.
Official website here: www.northernstatefoundation.com
What are the reviews and ratings of this charity?
**: Charity Navigator Rating 92% (Four-Star out of Four Stars)**tar)**
The Northern State University Foundation has achieved a strong rating of 92% from Charity Navigator, reflecting its solid performance in Accountability & Finance. The foundation notably scored high in several categories, such as having an entirely independent board and effective financial oversight, indicating a commitment to responsible management and transparency.
Though well-rated, there are some areas for improvement, notably regarding the absence of a whistleblower policy and document retention and destruction guidelines, both of which could enhance the organization’s governance practices. However, the foundation's robust fundraising efficiency and high program expense ratio demonstrate its effective use of resources to support its mission.
Unfortunately, user reviews from GreatNonprofits could not be fetched, limiting the availability of community feedback. Overall, the Northern State University Foundation stands out for its financial integrity and commitment to serving educational needs, although it could benefit from refining its governance policies.
This AI summary has been generated from information found on Charity Navigator.
Is Northern State University Foundation legitimate?
Northern State University Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Northern 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:
Executive Compensation: $248,841
Professional Fundraising Fees: $0
Other Salaries and Wages: $593,889
For more financial information, click here
Official website here: www.northernstatefoundation.com
What is the mission statement of Northern State University Foundation?
The Northern State University Foundation's mission is centered around securing the future of Northern State University. To accomplish this, they actively seek and manage funds, as well as engage in various activities aimed at furthering this objective. The foundation's primary role involves providing scholarships, with 642 athletic, 776 academic, and 452 departmental scholarships having been distributed to students attending Northern State University.
Official website here: www.northernstatefoundation.com
Who is the CEO of Northern State University Foundation?
Zach Flakus is the President/Ceo/Non-Voting Director of Northern State University Foundation. The CEO's salary of Northern State University Foundation is $91,293 and their total compensation is $97,052.
Official website here: www.northernstatefoundation.com
What is the revenue of Northern State University Foundation?
Northern State University Foundation's revenue in 2022 was $9,430,075.
Official website here: www.northernstatefoundation.com
Who are the executives of Northern State University Foundation and what are their salaries?
The average compensation at Northern State University Foundation during 2022 was $49,572. There are 17 employees and 132 volunteers at Northern State University Foundation.
Here are 19 key members and their salaries (Northern State University Foundation's CEO's salary is $91,293 and their total compensation is $97,052):
- Compensation: $91,293
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- Other: $5,759
- Compensation: $58,386
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- Other: $6,144
- Compensation: $2,590
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Official website here: www.northernstatefoundation.com
Where can I find the form 990 for Northern State University Foundation?
Northern State University Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.northernstatefoundation.com
Learn more at the official website: www.northernstatefoundation.com
Mission Statement of Northern State University Foundation
The Northern State University Foundation, in its mission, is committed to securing the future of Northern State University. To accomplish this, the organization undertakes various activities. It primarily focuses on soliciting and administering funds, demonstrating its dedication to supporting the university's long-term goals. Additionally, the foundation engages in other activities aimed at advancing its primary objective.
By undertaking these activities, the Northern State University Foundation plays a significant role in the university's development. It provides financial aid to students attending Northern State University, disbursing scholarships in various categories. Specifically, it awards 642 athletic scholarships, 776 academic scholarships, and 452 departmental scholarships to deserving students. These scholarships not only help students financially but also contribute to the university's reputation as a place that values and invests in its students' futures.
In summary, the Northern State University Foundation is a crucial entity dedicated to securing the future of Northern State University. It achieves this by soliciting and administering funds, as well as engaging in other activities to advance the university's goals. Through its scholarship program, the foundation supports the education of numerous students, contributing to the university's reputation as a nurturing and investment-driven institution.
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Impact
October, 2024
The Northern State University Foundation plays a crucial role in enhancing the educational landscape at Northern State University (NSU) by securing financial resources that support students and academic programs. Through its efforts, the foundation has provided 642 athletic scholarships, 776 academic scholarships, and 452 departmental scholarships, significantly impacting the lives of students attending NSU. By administering these funds and pursuing initiatives that foster academic excellence, the foundation helps ensure that students have the financial support necessary to succeed in their educational pursuits. Located in Aberdeen, SD, the foundation remains committed to advancing the future of NSU and its community through ongoing financial support and strategic initiatives in education.
This information is meant to be a general summary of Northern 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: $2,267,141
- Program Service Revenue: $885,921
- Gross Receipts: $13,558,798
Assets and Liabilities:
- Total Assets: $67,511,706
- Total Liabilities: $19,609,563
- Net Assets: $47,902,143
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Wolves Club
Revenue
$803,059
APEX Events
Revenue
$81,491
Organization Details
Founding Year
1968
Phone
(605) 626-2550Principal Officer
Zach Flakus
Main Address
620 15th Ave SE Beckman Bldg, Aberdeen, SD, 574017610
NTEE Category
Code: B80 - Education
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