Overview
What is Albany State University Foundation Inc?
Albany State University Foundation Inc is a nonprofit organization situated in Albany, Georgia, specifically at 504 College Drive. Its primary mission is to raise funds and manage them for Albany State University, providing financial assistance to qualifying students. The foundation supports the university's faculty, staff, research, and the overall advancement of higher education. The organization is governed by a Board of Trustees, who advocate for the university and its academic programs. Donations to the foundation contribute to scholarships, distinguished academic chairs, professorships, and innovative programs, maintaining Albany State University's reputation for academic excellence.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
Albany State University Foundation Inc has achieved a strong rating of 94%, indicating a high level of accountability and financial health. The organization boasts an impressive Program Expense Ratio of 90.95%, demonstrating a significant commitment to directing resources towards its mission-driven programs. With 86% of its board members being independent, the foundation exemplifies good governance practices, ensuring a level of oversight that contributes positively to its operational integrity.
The foundation's financial oversight is robust, as evidenced by its perfect scores in audit and oversight committee evaluations and its conflict of interest policy. Additionally, the organization has successfully maintained a low liabilities to assets ratio of just 0.16%, reflecting a solid financial footing and effective management of its resources. The presence of a whistleblower policy and procedures for document retention further underscores its commitment to transparency and ethical governance.
However, while the high ratings indicate strong performance, the summary does not detail specific programmatic impacts or outcomes achieved by the foundation. As such, potential supporters may wish to seek further information on the foundation's direct contributions to its community and the effectiveness of its initiatives. Overall, the Albany State University Foundation Inc stands out as a financially sound organization committed to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Albany State University Foundation Inc legitimate?
Albany State University Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Albany 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
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Albany State University Foundation Inc?
The Albany State University Foundation Inc's mission is to support the academic growth and excellence of Albany State University. This is accomplished through organized fundraising activities and effective management of funds. The foundation, led by an elected Board of Trustees, serves as an advocate for the university and its various colleges, schools, and programs. Generous donations to the foundation enable scholarships, distinguished academic chairs, professorships, and innovative programs, thereby sustaining the institution's reputation for academic excellence.
Who is the CEO of Albany State University Foundation Inc?
Greg Hylick is the Principal Officer of Albany State University Foundation Inc.
What is the revenue of Albany State University Foundation Inc?
Albany State University Foundation Inc's revenue in 2023 was $1,600,152.
Who are the executives of Albany State University Foundation Inc and what are their salaries?
There 13 volunteers at Albany State University Foundation Inc.
Here are 17 key members and their salaries:
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- Other: $17,995
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Where can I find the form 990 for Albany State University Foundation Inc?
Albany State University Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Albany State University Foundation Inc
Albany State University Foundation, Inc., as a non-profit organization, is dedicated to advancing the academic goals of Albany State University. It accomplishes this mission through its targeted fundraising efforts and effective management of financial resources. The Foundation's Board of Trustees, who are elected and serve as advocates for the university, oversee these activities. The Foundation's contributions play a vital role in supporting students by providing scholarships, as well as funding for prominent academic chairs, professorships, and innovative educational programs. This financial support helps Albany State University to maintain its reputation as a distinguished institution, fostering academic excellence.
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Impact
October, 2024
Albany State University Foundation Inc plays a vital role in enhancing the academic experience at Albany State University (ASU) through targeted financial support and fundraising initiatives. By managing funds designated for student aid, the Foundation enables qualified students to pursue their educational goals without the burden of overwhelming financial constraints.
The Foundation's commitment extends to supporting the faculty and staff, fostering research opportunities, and advancing practices that contribute to higher education's overall mission. Its organized fundraising activities are essential in attracting private support, which funds scholarships, eminent scholar chairs, and professorships, as well as innovative programs that set ASU apart as an exceptional institution. Through this support, the Foundation not only empowers students but also champions the academic vision and priorities of ASU, solidifying its place in the community and fostering a sustainable tradition of academic excellence.
This information is meant to be a general summary of Albany 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 2023.
- Investment Income: $156,682
- Gross Receipts: $1,663,042
Assets and Liabilities:
- Total Assets: $8,733,142
- Total Liabilities: $14,700
- Net Assets: $8,718,442
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Organization Details
Founding Year
1969
Phone
(229) 500-3289Principal Officer
Greg Hylick
Main Address
504 College Drive, Albany, GA, 31705
NTEE Category
Code: W00F - Public benefit
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