Overview
What is Fayetteville State University Foundation?
The Fayetteville State University Foundation is a nonprofit organization, located at 1200 MURCHISON ROAD, FAYETTEVILLE, NC 28301. Its primary role is to support Fayetteville State University and its community by managing and disbursing donations, gifts, grants, and bequests. The foundation uses the university's name to benefit its programs and facilities while adhering to donor directions and university guidelines. Additionally, it serves as a trustee, escrow, or disbursing agent for various endowments and gifts. Furthermore, the foundation sponsors and financially assists in student aid programs, alumni events, public relations activities, faculty supplements, curriculum enrichment, research projects, and studies, all approved by the proper university authorities.
Official website here: www.uncfsu.edu/ia/fsufoundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Stars)
Fayetteville State University Foundation has achieved a Three-Star rating from Charity Navigator, indicating a solid level of performance primarily in accountability and finance. The foundation scored particularly well in areas such as having a fully independent board, demonstrating effective financial management, and maintaining transparency through the availability of board meeting minutes and tax forms.
The foundation's accountability and finance score of 84 reflects strong oversight and responsible fiscal practices, with a significant program expense ratio of 94.79%. This suggests that the majority of its resources are directed towards its mission-driven activities, which is a positive indicator for donors. Additionally, the foundation has no reported issues with material diversion of assets, further emphasizing its integrity.
However, the foundation did receive a lower score in fundraising efficiency, with a ratio of $0.002. This aspect may suggest that while the foundation is effective in managing its funds, there may be room for improvement in its fundraising strategies to enhance overall impact. Overall, Fayetteville State University Foundation demonstrates strong accountability and sound financial practices, with some areas identified for potential growth.
This AI summary has been generated from information found on Charity Navigator.
Is Fayetteville State University Foundation legitimate?
Fayetteville State University Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fayetteville 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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For more financial information, click here
Official website here: www.uncfsu.edu/ia/fsufoundation
What is the mission statement of Fayetteville State University Foundation?
The Fayetteville State University Foundation's primary role is to collect, manage, and disburse contributions, gifts, grants, bequests, and transfers of funds or property for the benefit of Fayetteville State University, its students, faculty, and staff. The foundation uses the university's name to support its facilities and programs, in line with the donors' directions and acceptable to the university's administrative officials. It also acts as a trustee, escrow, or disbursing agent for endowments, gifts, grants, contributions, or bequests made for the university's benefit. Furthermore, the foundation sponsors, encourages, conducts, and provides financial assistance for student aid programs, alumni events, public relations activities, faculty supplements, curriculum enrichment programs, and research.
Official website here: www.uncfsu.edu/ia/fsufoundation
Who is the CEO of Fayetteville State University Foundation?
John Ben Brown Jr is the Chair of Fayetteville State University Foundation.
Official website here: www.uncfsu.edu/ia/fsufoundation
What is the revenue of Fayetteville State University Foundation?
Fayetteville State University Foundation's revenue in 2022 was $3,598,419.
Official website here: www.uncfsu.edu/ia/fsufoundation
Who are the executives of Fayetteville State University Foundation and what are their salaries?
Here are 13 key members and their salaries:
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Official website here: www.uncfsu.edu/ia/fsufoundation
Where can I find the form 990 for Fayetteville State University Foundation?
Fayetteville State University Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.uncfsu.edu/ia/fsufoundation
Learn more at the official website: www.uncfsu.edu/ia/fsufoundation
Mission Statement of Fayetteville State University Foundation
The Fayetteville State University Foundation's primary mission is to support and enhance the educational and developmental opportunities at Fayetteville State University. This is accomplished by soliciting, managing, and disbursing funds and property, as well as using the university's name in a manner that benefits its students, faculty, and staff. The foundation acts as a trustee or disbursing agent for endowments, gifts, grants, and bequests, ensuring that they are utilized in alignment with the donor's intentions.
Additionally, the Fayetteville State University Foundation sponsors, encourages, and financially assists in various programs. These include student aid programs, alumni events, public relations activities, faculty supplements, curriculum enrichment programs, and research initiatives. By doing so, the foundation aims to enhance the overall quality of education and experiences at Fayetteville State University. Overall, the mission of the Fayetteville State University Foundation is to foster growth and improvement at the university through financial support and strategic partnerships.
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Impact
October, 2024
Fayetteville State University Foundation plays a crucial role in enhancing the educational experience at Fayetteville State University (FSU). By soliciting, receiving, managing, and disbursing various forms of financial contributions—such as gifts, grants, and bequests—the Foundation provides vital support for students, faculty, and staff. This financial backing enriches the university's facilities and programs, ensuring that they align with the wishes of donors while adhering to university guidelines.
The Foundation functions as a trustee, escrow, or disbursing agent, effectively managing endowments and contributions made for the university’s benefit. This stewardship upholds the intent of generous supporters and maximizes the impact of their contributions.
Additionally, the Foundation actively sponsors and conducts initiatives that provide financial assistance for student aid programs, alumni events, and curriculum enrichment. These efforts not only bolster public relations but also elevate the overall academic landscape at FSU. By fostering such opportunities, the Foundation stands as a vital partner in the growth and success of Fayetteville State University, ultimately benefiting the broader community it serves.
This information is meant to be a general summary of Fayetteville 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: $272,480
- Program Service Revenue: $1,278,040
- Gross Receipts: $3,598,419
Assets and Liabilities:
- Total Assets: $24,987,920
- Total Liabilities: $8,233,531
- Net Assets: $16,754,389
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT REVENUE
Revenue
$1,264,220
SALES AND SERVICES
Revenue
$13,820
Organization Details
Founding Year
1969
Phone
(910) 672-1111Principal Officer
John Ben Brown Jr
Main Address
1200 MURCHISON ROAD, FAYETTEVILLE, NC, 283014252
NTEE Category
Code: B43I - Education
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