Overview
What is Southwest Minnesota State University Foundation?
Southwest Minnesota State University Foundation is a nonprofit organization situated in Marshall, Minnesota, specifically at Founders Hall 1501 State Street. Its primary mission is to promote Southwest Minnesota State University and raise funds for scholarships for students who exhibit strong academic and/or athletic leadership. This financial assistance helps these students continue their studies at the university. The foundation's activities center around fundraising efforts to support this noble cause.
Official website here: www.smsufoundation.org
What are the reviews and ratings of this charity?
**: Charity Navigator Rating 87% (Three-Star out of Four Stars )**ar rating)**
The Southwest Minnesota State University Foundation has earned an 87% rating from Charity Navigator, reflecting strong accountability and finance practices. With a perfect score for an independent board and effective oversight mechanisms in place, the foundation demonstrates a commitment to ethical governance and financial transparency. However, the absence of critical policies like Conflict of Interest and Whistleblower policies suggest areas for improvement in organizational practices.
User reviews from GreatNonprofits are not available, but the foundation's solid financial metrics indicate that a significant portion of its funding is utilized for program expenses, showcasing their focus on direct impact. With a fundraising efficiency of $0.07, the foundation's ability to effectively manage donations also reflects positively on its operational effectiveness.
While the foundation’s rating highlights its financial strengths and governance, the missing policies point to potential vulnerabilities in its accountability framework. Addressing these gaps may further enhance its reputation and trust within the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Southwest Minnesota State University Foundation legitimate?
Southwest Minnesota State University Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southwest Minnesota 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:
Executive Compensation: $0
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Other Salaries and Wages: $288,443
For more financial information, click here
Official website here: www.smsufoundation.org
What is the mission statement of Southwest Minnesota State University Foundation?
The Southwest Minnesota State University Foundation's mission is centered around promoting the university and raising funds for scholarships for deserving students. This organization aims to support students who exhibit academic or athletic leadership, enabling them to continue their studies at Southwest Minnesota State University. By providing scholarships, the foundation contributes to making higher education more accessible, helping students overcome financial barriers and pursue their academic goals.
Official website here: www.smsufoundation.org
Who is the CEO of Southwest Minnesota State University Foundation?
Dave Werpy is the Director of Southwest Minnesota State University Foundation.
Official website here: www.smsufoundation.org
What is the revenue of Southwest Minnesota State University Foundation?
Southwest Minnesota State University Foundation's revenue in 2023 was $7,721,710.
Official website here: www.smsufoundation.org
Who are the executives of Southwest Minnesota State University Foundation and what are their salaries?
There 75 volunteers at Southwest Minnesota State University Foundation.
Here are 21 key members and their salaries:
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Official website here: www.smsufoundation.org
Where can I find the form 990 for Southwest Minnesota State University Foundation?
Southwest Minnesota State University Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.smsufoundation.org
Learn more at the official website: www.smsufoundation.org
Mission Statement of Southwest Minnesota State University Foundation
The Southwest Minnesota State University Foundation, as a nonprofit entity, is dedicated to promoting Southwest Minnesota State University and raising funds for scholarships for deserving students. Its mission is twofold: advocating for the university and financially supporting students through scholarship grants. These scholarships are specifically intended for students who demonstrate outstanding academic and/or athletic leadership, enabling them to continue their studies at Southwest Minnesota State University. The Foundation's primary objective is to contribute to the academic success of these individuals, thereby enriching the university community and fostering a culture of excellence.
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Impact
October, 2024
The Southwest Minnesota State University Foundation plays a crucial role in enhancing educational opportunities for students through scholarship support. By promoting the university and raising funds, the foundation directs resources towards scholarships that specifically assist students demonstrating academic and athletic leadership. This financial assistance contributes significantly to reducing the burden of tuition and fees, enabling more individuals to pursue their studies at Southwest Minnesota State University in Marshall, MN. The foundation’s commitment to fostering education not only aids students financially but also supports the overall growth and reputation of the university.
This information is meant to be a general summary of Southwest Minnesota 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: $547,906
- Program Service Revenue: $130,249
- Gross Receipts: $16,369,622
Assets and Liabilities:
- Total Assets: $28,630,680
- Total Liabilities: $3,335,261
- Net Assets: $25,295,419
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MINNESOTA AG RURAL LEADERSHIP
Revenue
$130,249
Organization Details
Founding Year
1963
Phone
(507) 532-6265Principal Officer
Dave Werpy
Main Address
FOUNDERS HALL 1501 STATE STREET, MARSHALL, MN, 56258
Website
www.smsufoundation.orgNTEE Category
Code: B110 - Education
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