Overview
What is Winona State University Foundation?
Winona State University Foundation is a nonprofit organization situated in Winona, Minnesota. Its primary objective is to encourage and solicit bequests and donations, ultimately benefiting the educational programs and students at Winona State University. Through these contributions, the foundation provides scholarships to approximately 775 students, supporting their academic pursuits. By doing so, the Winona State University Foundation plays a significant role in advancing education and fostering academic success within its community.
Official website here: www.winona.edu/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating 97% - Four-Star out of Four Star rating
The Winona State University Foundation has earned a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. With a score of 97%, the foundation demonstrates a high level of transparency and effective governance, highlighted by its fully independent board and a robust audit and oversight committee.
One of the foundation's notable strengths is its financial management, evidenced by a low liabilities-to-assets ratio of 14.10% and an impressive program expense ratio of 86.16%. This suggests that a significant portion of its funding is directed towards its mission rather than overhead costs. Furthermore, the foundation showcases exceptional fundraising efficiency with a cost of only $0.022 to raise a dollar, indicating effective resource utilization.
While the rating indicates a stable and well-managed organization, it is essential for potential donors to consider ongoing operational performance and how it aligns with their philanthropic goals. Overall, the foundation's strong financial health and governance practices position it well within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Winona State University Foundation?
88% of 405 reviewers on Facebook recommend the Winona State University Foundation. Here is a summary of their reviews:
Many individuals express a strong sense of gratitude for their experiences at Winona State University, highlighting the supportive community and quality education. The institution is often praised for fostering not only academic growth but also personal development through extracurricular activities, such as athletics.
Overall, there is a consistent sentiment of appreciation for the foundation's role in enhancing the university experience and supporting students, making it a valued part of the Winona community.
This AI summary has been generated from reviews found on Facebook.
Is Winona State University Foundation legitimate?
Winona State University Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Winona 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.winona.edu/foundation
What is the mission statement of Winona State University Foundation?
The Winona State University Foundation's mission is centered around encouraging philanthropic contributions, specifically bequests and donations, for the betterment of the educational programs at Winona State University. This mission is primarily focused on supporting the academic pursuits and future prospects of the university's students. The foundation plays a significant role in providing scholarships to approximately 775 students attending Winona State University. By doing so, it contributes to the overall success and development of these students and the educational programs at the university.
Official website here: www.winona.edu/foundation
Who is the CEO of Winona State University Foundation?
Jon Olson is the Executive Director of Winona State University Foundation.
Official website here: www.winona.edu/foundation
What is the revenue of Winona State University Foundation?
Winona State University Foundation's revenue in 2023 was $6,516,255.
Official website here: www.winona.edu/foundation
Who are the executives of Winona State University Foundation and what are their salaries?
There 50 volunteers at Winona State University Foundation.
Here are 26 key members and their salaries:
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Official website here: www.winona.edu/foundation
Where can I find the form 990 for Winona State University Foundation?
Winona State University Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.winona.edu/foundation
Learn more at the official website: www.winona.edu/foundation
Mission Statement of Winona State University Foundation
Winona State University Foundation is an organization that aims to encourage bequests and donations for the benefit of the educational programs and students at Winona State University. Their mission is to support the university's students and educational initiatives financially, ensuring they have the resources needed to succeed. This is accomplished through the provision of scholarships to approximately 775 students at Winona State University. By encouraging and facilitating donations, the Winona State University Foundation plays a crucial role in enhancing the academic opportunities available to students, thereby contributing to their overall development and future success.
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Impact
October, 2024
The Winona State University Foundation significantly impacts the educational landscape by providing vital financial support to students through scholarships. Each year, approximately 775 students benefit from these scholarships, enabling them to pursue their academic goals and enhance their educational experience at Winona State University. By encouraging bequests and donations, the Foundation plays a crucial role in ensuring that educational programs are well-funded and accessible, thereby fostering a supportive learning environment. Through its efforts, the Foundation not only strengthens the university's commitment to education but also empowers the next generation of leaders and professionals in the community and beyond.
This information is meant to be a general summary of Winona 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 2023.
- Investment Income: $2,570,395
- Program Service Revenue: $859,397
- Gross Receipts: $33,340,542
Assets and Liabilities:
- Total Assets: $79,737,621
- Total Liabilities: $11,249,318
- Net Assets: $68,488,303
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STUDENT HOUSING
Revenue
$775,406
OTHER PROGRAM ACTIVITIES
Revenue
$83,991
Organization Details
Founding Year
1979
Phone
(507) 457-5518Principal Officer
Jon Olson
Main Address
PO BOX 5838, WINONA, MN, 559875838
Website
www.winona.edu/foundationNTEE Category
Code: B110 - Education
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