Overview
What is Wright State University Foundation Inc?
Wright State University Foundation Inc, a Dayton, Ohio-based nonprofit organization with a mission to support scholarly research at Wright State University, raises private funds to cover personnel and operating costs for various projects, primarily in the field of medicine. Established in 1966, the Foundation is exempt from taxes under Section 501(c)(3) of the Internal Revenue Code and manages over $149 million in assets. The Foundation's latest campaign, "Rise. Shine. The Campaign for Wright State University," successfully raised over $167 million in private support. With a team of six employees, the Foundation is dedicated to enhancing funding for the university's research activities. Their financial records undergo annual audits by independent accounting firms.
Official website here: www.wright.edu/giving/about-the-foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star Rating
The Wright State University Foundation Inc has achieved an impressive score of 97%, earning it a Four-Star rating, which reflects a strong commitment to accountability and finance. The organization's overall score is derived solely from its excellent accountability and finance practices, indicating a high level of transparency in its operations and financial management.
Strengths of the foundation include a fully independent board of directors, which is composed entirely of independent members, ensuring unbiased governance. The foundation excels in various financial metrics, with a program expense ratio of 71.33% and a fundraising efficiency ratio of $0.12, showcasing its effectiveness in utilizing funds for its mission.
There are no noted limitations in the data regarding the foundation's practices or financial status, reflecting a robust operational framework with no material diversions of assets. Overall, the Wright State University Foundation Inc demonstrates strong financial health and governance, making it a reliable choice for donors looking to support educational initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Wright State University Foundation Inc legitimate?
Wright State University Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wright 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
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Other Salaries and Wages: $781,491
For more financial information, click here
Official website here: www.wright.edu/giving/about-the-foundation
What is the mission statement of Wright State University Foundation Inc?
The Wright State University Foundation Inc was established in 1966 by forward-thinking community members with the goal of encouraging private donations to support Wright State University. The foundation's unwavering mission is to collect, manage, and distribute private funds to aid the university in achieving its strategic objectives. Their recent successful campaign, "Rise. Shine. The Campaign for Wright State University," raised over $167 million in private donations. The foundation manages over $149 million in assets and annually disperses substantial financial assistance to the university to benefit its students, faculty, and academic programs.
Official website here: www.wright.edu/giving/about-the-foundation
Who is the CEO of Wright State University Foundation Inc?
Unavailable The CEO's salary of Wright State University Foundation Inc is $261,673 and their total compensation is $292,789.
Official website here: www.wright.edu/giving/about-the-foundation
What is the revenue of Wright State University Foundation Inc?
Wright State University Foundation Inc's revenue in 2022 was $22,301,900.
Official website here: www.wright.edu/giving/about-the-foundation
Who are the executives of Wright State University Foundation Inc and what are their salaries?
The average compensation at Wright State University Foundation Inc during 2022 was $130,248. There are 6 employees and 40 volunteers at Wright State University Foundation Inc.
Here are 32 key members and their salaries (Wright State University Foundation Inc's CEO's salary is $261,673 and their total compensation is $292,789):
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- Compensation: $261,673
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Official website here: www.wright.edu/giving/about-the-foundation
Where can I find the form 990 for Wright State University Foundation Inc?
Wright State University Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wright.edu/giving/about-the-foundation
Learn more at the official website: www.wright.edu/giving/about-the-foundation
Mission Statement of Wright State University Foundation Inc
The Wright State University Foundation Inc, a not-for-profit organization, was established in 1966 by visionary Dayton community leaders to foster private donations for Wright State University. With a clear mission, the Foundation continues to function as a bridge between generous donors and the University, managing nearly $150 million in assets. This support helps Wright State University achieve its strategic objectives.
The Foundation's primary role is to raise, manage, and distribute private funds to the University. In their most recent campaign, "Rise. Shine. The Campaign for Wright State University.," they successfully secured over $167 million in private support. This impressive fundraising effort underscores the Foundation's commitment to enhancing the University's capabilities through private contributions. The Foundation's assets are distributed annually to the University, providing essential financial resources for students, faculty, and programs.
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Impact
October, 2024
Wright State University Foundation Inc has a significant impact on the university and the broader community by raising, managing, and distributing private donations to support the institution's strategic goals. Established in 1966 by visionary community leaders, the foundation has evolved to manage approximately $150 million in assets from alumni and community partners, directly influencing the university's capacity to deliver quality education and research.
A primary focus of the foundation is supporting scholarly research, particularly in fields such as medicine. In the past year alone, it provided nearly $457,000 in research support, facilitating various projects that push forward innovation and academic excellence. The foundation plays a crucial role in enhancing funding opportunities for faculty and students, ensuring that Wright State University remains a thriving hub of learning and discovery.
The success of their recent campaign, "Rise. Shine. The Campaign for Wright State University," which raised over $167 million, exemplifies the foundation's effectiveness in fostering private support. These funds are strategically distributed to benefit students, faculty, and diverse programs, ultimately enriching the educational landscape and contributing to the development of future leaders in the community. Through its ongoing efforts, the Wright State University Foundation Inc continues to be a vital force in transforming higher education in Dayton and beyond.
This information is meant to be a general summary of Wright 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 2022.
- Investment Income: $16,619,224
- Gross Receipts: $30,533,403
Assets and Liabilities:
- Total Assets: $149,282,142
- Total Liabilities: $3,692,483
- Net Assets: $145,589,659
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Organization Details
Founding Year
1966
Phone
(937) 775-2251Main Address
3640 Colonel Glenn Hwy 3rd Floor, Dayton, OH, 454350001
NTEE Category
Code: B110 - Education
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