Overview
What is Slippery Rock University Foundation Inc?
Slippery Rock University Foundation Inc, based in Slippery Rock, Pennsylvania, is a nonprofit organization with a primary mission to raise and manage funds exclusively for scholarships for students attending Slippery Rock University. This foundation supports the priorities of the university by generating and managing private resources, playing a crucial role in enhancing educational opportunities for its students. With a team of nine dedicated individuals, the Slippery Rock University Foundation, Inc. contributes significantly to the university's community, ensuring that deserving students can pursue their academic journeys without financial constraints.
Official website here: www.srufoundation.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 95%, Four-Star out of Four Star rating.
The Slippery Rock University Foundation Inc has earned a distinguished Four-Star rating from Charity Navigator, reflecting its commitment to accountability and financial transparency. With a remarkable score of 95% in the Accountability & Finance category, the foundation demonstrates a strong governance structure, featuring an entirely independent board and sound financial practices.
Strengths highlighted in the evaluation include zero material diversion of assets, efficient fundraising capabilities with a low cost of $0.07 to raise a dollar, and a high program expense ratio of 82.87%, indicating that a significant portion of its funds is directed towards its programs. Additionally, the foundation has established robust policies related to conflict of interest and whistleblower protections, further bolstering its integrity.
While the overall assessment is overwhelmingly positive, it is essential for potential donors and stakeholders to remain engaged with the foundation's ongoing activities to ensure continued alignment with their values and community impact.
This AI summary has been generated from information found on Charity Navigator.
Is Slippery Rock University Foundation Inc legitimate?
Slippery Rock University Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Slippery Rock 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: $147,799
Professional Fundraising Fees: $0
Other Salaries and Wages: $211,698
For more financial information, click here
Official website here: www.srufoundation.org
What is the mission statement of Slippery Rock University Foundation Inc?
The Slippery Rock University Foundation Inc. exists with a mission to support the priority needs of Slippery Rock University. They accomplish this by generating and managing both fiscal and physical private resources. The primary function of the foundation is to raise and manage funds, which are then used solely for awarding scholarships to students attending Slippery Rock University. The foundation plays a crucial role in providing financial assistance to deserving students, thereby supporting their educational journey.
Official website here: www.srufoundation.org
Who is the CEO of Slippery Rock University Foundation Inc?
Harry Bertrand is the Board Member of Slippery Rock University Foundation Inc.
Official website here: www.srufoundation.org
What is the revenue of Slippery Rock University Foundation Inc?
Slippery Rock University Foundation Inc's revenue in 2022 was $5,045,087.
Official website here: www.srufoundation.org
Who are the executives of Slippery Rock University Foundation Inc and what are their salaries?
The average compensation at Slippery Rock University Foundation Inc during 2022 was $39,944. There are 9 employees at Slippery Rock University Foundation Inc.
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- Compensation: $136,281
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- Other: $10,118
Official website here: www.srufoundation.org
Where can I find the form 990 for Slippery Rock University Foundation Inc?
Slippery Rock University Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.srufoundation.org
Learn more at the official website: www.srufoundation.org
Mission Statement of Slippery Rock University Foundation Inc
The Slippery Rock University Foundation Inc, a nonprofit organization, is established with the mission to support the priority needs of Slippery Rock University. This is achieved by generating and managing private resources, both fiscal and physical. The foundation's primary objective is to raise and manage funds that are exclusively utilized for awarding scholarships to students enrolled at Slippery Rock University. By providing financial aid, the Slippery Rock University Foundation Inc contributes significantly to the educational journey of its students, enabling them to pursue their academic goals.
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Impact
October, 2024
Slippery Rock University Foundation Inc plays a crucial role in enhancing the educational experience for students at Slippery Rock University. By generating and managing private resources, the foundation focuses on raising and administering funds dedicated exclusively to scholarships for students. This direct financial support alleviates the burden of tuition costs, making higher education more accessible for many individuals.
Through its efforts, the foundation helps to ensure that students can pursue their academic goals without the overwhelming stress of financial constraints. The impact extends beyond just financial aid; it fosters academic achievement, promotes student retention, and contributes to a vibrant campus community. Ultimately, the foundation strengthens the commitment to educational excellence and cultivates future generations of leaders and professionals.
This information is meant to be a general summary of Slippery Rock 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: $1,096,654
- Program Service Revenue: $368,769
- Gross Receipts: $5,106,440
Assets and Liabilities:
- Total Assets: $46,512,731
- Total Liabilities: $415,006
- Net Assets: $46,097,725
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REGISTRATION INCOME
Revenue
$141,635
SALES
Revenue
$135,525
RENTAL INCOME
Revenue
$63,996
OTHER INCOME
Revenue
$23,613
NCAA & CONFERENCE REVENUE SHARING
Revenue
$4,000
Organization Details
Founding Year
1970
Phone
(724) 738-2047Principal Officer
Harry Bertrand
Main Address
PO BOX 233, SLIPPERY ROCK, PA, 16057
Website
www.srufoundation.orgNTEE Category
Code: B114 - Education
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