Overview
What is Appalachian State University Foundation Inc?
Appalachian State University Foundation Inc is a nonprofit organization located in Boone, North Carolina, with a mailing address at ASU Box 32064 McKinney Alumni Center and ZIP code 28608. Their mission is to support Appalachian State University by providing financial resources for academic operating budgets, faculty and staff salaries, and various events. They engage in impactful stewardship, fundraising, financial management, and thoughtful board leadership. In essence, the Foundation exists to enhance the University's mission by advocating for its students, faculty, staff, and community through the advancement of financial support.
Official website here: www.give.appstate.edu/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Star rating)
The Appalachian State University Foundation Inc has received a strong 95% rating, indicating a high level of accountability and financial management. This score is solely based on their performance in the Accountability & Finance category, where they excelled in areas such as having a majority of independent board members, effective oversight of financial statements, and no material diversion of assets. These factors contribute to the foundation's credibility and trustworthiness as a nonprofit organization.
The organization's financial metrics reflect a commitment to efficient resource allocation, with a program expense ratio of 90.39%, demonstrating that a significant portion of funds raised is directed toward its programs. Additionally, their fundraising efficiency ratio of $0.06 indicates that they are capable of raising funds at a low cost, maximizing the impact of donations. Their long working capital ratio of 9.18 years suggests a robust financial position, allowing them to sustain operations over the long term.
While the data does not highlight any specific limitations, the high scores and the lack of noted issues suggest that the Appalachian State University Foundation Inc is operating effectively and responsibly. Overall, their strong governance practices and financial health position them as a reliable choice for donors looking to support higher education initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Appalachian State University Foundation Inc legitimate?
Appalachian State University Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Appalachian 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
Official website here: www.give.appstate.edu/
What is the mission statement of Appalachian State University Foundation Inc?
The Appalachian State University Foundation serves a crucial role in supporting the academic institution by providing essential resources. Through effective stewardship, fundraising, financial management, and thoughtful leadership, the foundation enhances the university's mission and priorities. The foundation is dedicated to advancing financial support for students, faculty, staff, and the community, as well as growing resources for the university's benefit. The support extends to academic operating budgets, faculty and staff salaries, and various events, with in-kind donations also welcomed.
Official website here: www.give.appstate.edu/
Who is the CEO of Appalachian State University Foundation Inc?
Jane Barghothi is the Board Member of Appalachian State University Foundation Inc.
Official website here: www.give.appstate.edu/
What is the revenue of Appalachian State University Foundation Inc?
Appalachian State University Foundation Inc's revenue in 2022 was $32,803,152.
Official website here: www.give.appstate.edu/
Who are the executives of Appalachian State University Foundation Inc and what are their salaries?
There 20 volunteers at Appalachian State University Foundation Inc.
Here are 25 key members and their salaries:
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- Related: $374,387
- Other: $8,421
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- Other: $47,766
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- Related: $251,957
- Other: $62,203
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- Related: $114,491
- Other: $34,108
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- Related: $136,054
- Other: $8,238
- Compensation: $0
- Related: $130,785
- Other: $40,799
- Compensation: $0
- Related: $145,535
- Other: $50,180
- Compensation: $0
- Related: $126,893
- Other: $50,180
Official website here: www.give.appstate.edu/
Where can I find the form 990 for Appalachian State University Foundation Inc?
Appalachian State University Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.give.appstate.edu/
Learn more at the official website: www.give.appstate.edu/
Mission Statement of Appalachian State University Foundation Inc
The Appalachian State University Foundation, a vital organization dedicated to stewardship, fundraising, financial management, and thoughtful board leadership, is committed to providing substantial resources in support of Appalachian State University's mission and key priorities. This foundation exists to bolster the educational experience for students, faculty, and staff at Appalachian State University through the advancement of financial support, growth of resources, and advocacy for the university's mission.
In practice, the Appalachian State University Foundation supports the university in various ways. They contribute to academic operating budgets, ensuring that essential resources are available for students and faculty. Furthermore, they provide salary and supplementary funds for faculty and staff, enhancing the university's ability to attract and retain top talent. Additionally, the foundation facilitates in-kind donations, enabling the university to benefit from the generosity of donors in various forms. Overall, the Appalachian State University Foundation plays a crucial role in securing the financial well-being of the university, enabling it to thrive and make a meaningful impact in the educational landscape.
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Impact
October, 2024
Appalachian State University Foundation Inc plays a crucial role in enhancing the educational experience at Appalachian State University. Through its dedicated efforts in stewardship, fundraising, and financial management, the foundation provides significant resources that directly support the university’s mission and key priorities. This includes funding for academic operating budgets, faculty and staff salaries, and various events that enrich the university community.
By advocating for the university's mission and fostering financial support, the foundation impacts not only students and faculty but also the wider community in Boone, NC. Its commitment to growth and resource management ensures that Appalachian State University can continue to offer quality education and opportunities for all its stakeholders, ultimately contributing to the development of future leaders and innovators.
This information is meant to be a general summary of Appalachian 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: $1,279,079
- Program Service Revenue: $842,534
- Gross Receipts: $34,565,070
Assets and Liabilities:
- Total Assets: $211,346,628
- Total Liabilities: $7,490,616
- Net Assets: $203,856,012
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OTHER PROGRAM REVENUE
Revenue
$772,266
EVENT ADMISSIONS & MEALS
Revenue
$70,268
Organization Details
Founding Year
1970
Phone
(828) 262-2341Principal Officer
Jane Barghothi
Main Address
ASU BOX 32064 MCKINNEY ALUMNI CTR, BOONE, NC, 286082064
Website
www.give.appstate.edu/NTEE Category
Code: B80 - Education
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