Overview
What is Ecsu Foundation Inc?
Ecsu Foundation Inc, situated in Willimantic, Connecticut, is a nonprofit organization committed to supporting Eastern Connecticut State University. Their mission encompasses promoting education, research, scholarships, and special programs at the university. The foundation, led by a volunteer board of business leaders and civic-minded individuals, raises funds for various purposes essential to the university's well-being. These purposes include undergraduate and graduate student scholarships, lectureships, equipment, special programs, and new academic initiatives. The foundation plays a crucial role in providing financial backing for projects and programs not covered by the state budget. By offering scholarships, Ecsu Foundation Inc significantly contributes to enabling students who might otherwise be unable to attend Eastern Connecticut State University.
Official website here: www.ecsufoundation.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
Ecsu Foundation Inc has received a commendable Four-Star rating from Charity Navigator, indicating a strong performance in accountability and finance. The score reflects a high level of transparency and effective financial management, with particularly notable metrics in program expense ratio and fundraising efficiency. The organization has a well-structured board with all members being independent, which enhances its governance.
Despite its strengths, there are some areas where the foundation falls short. Specifically, the lack of a conflict of interest policy and the failure to distribute tax forms to the board prior to filing were noted as significant weaknesses. While these issues did not affect its overall score greatly, they highlight areas for improvement in governance practices.
Overall, Ecsu Foundation Inc demonstrates a solid commitment to financial health and accountability, with an impressive program expense ratio that indicates a focus on its mission. Enhancing governance policies would further strengthen the organization and bolster its already strong reputation.
This AI summary has been generated from information found on Charity Navigator.
Is Ecsu Foundation Inc legitimate?
Ecsu Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ecsu 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: $12,731
Other Salaries and Wages: $84,529
For more financial information, click here
Official website here: www.ecsufoundation.com
What is the mission statement of Ecsu Foundation Inc?
The Ecsu Foundation Inc is committed to supporting education, research, scholarships, and special programs at Eastern Connecticut State University. Directed by a volunteer board of business leaders and civic-minded individuals, the foundation solicits funds for various purposes crucial to the university's well-being. These purposes include undergraduate and graduate student scholarships, lectureships, equipment, special programs, and new academic initiatives. The foundation provides essential financial support for a wide range of projects and programs that are not funded by the state budget. The Ecsu Foundation Inc scholarships serve as a vital difference-maker for students who might otherwise be unable to attend Eastern Connecticut State University.
Official website here: www.ecsufoundation.com
Who is the CEO of Ecsu Foundation Inc?
Justin Murphy is the President of Ecsu Foundation Inc.
Official website here: www.ecsufoundation.com
What is the revenue of Ecsu Foundation Inc?
Ecsu Foundation Inc's revenue in 2022 was $2,583,689.
Official website here: www.ecsufoundation.com
Who are the executives of Ecsu Foundation Inc and what are their salaries?
The average compensation at Ecsu Foundation Inc during 2022 was $84,529. There is 1 employee at Ecsu Foundation Inc.
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Official website here: www.ecsufoundation.com
Where can I find the form 990 for Ecsu Foundation Inc?
Ecsu Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ecsufoundation.com
Learn more at the official website: www.ecsufoundation.com
Mission Statement of Ecsu Foundation Inc
Ecsu Foundation Inc, a volunteer-led organization, is committed to supporting education, research, scholarships, and special programs at Eastern Connecticut State University. The foundation's mission is to enhance the university's academic offerings by soliciting funds for various purposes. These purposes include undergraduate and graduate student scholarships, lectureships, equipment purchases, special programs, and new academic initiatives. The foundation's contributions are crucial as they provide vital financial support for projects and programs that are not covered by the state budget. Ecsu Foundation Inc's scholarships play a significant role in making higher education accessible to students who might otherwise be unable to attend the university, thus creating a critical difference in their academic journey.
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Impact
October, 2024
Ecsu Foundation Inc significantly impacts education, research, and scholarships at Eastern Connecticut State University. By providing financial support for various critical initiatives, the foundation helps enhance the academic experience and academic resources available to students and faculty. This includes funding for student scholarships, lecture series, specialized equipment, and innovative programs that further academic pursuits.
The foundation's commitment ensures that deserving students, particularly those who might face financial barriers, have the opportunity to pursue higher education at ECSU. It plays a pivotal role in securing vital resources that supplement state funding, thereby promoting the overall health and growth of the university. Through its dedicated volunteer board of business leaders and community advocates, the foundation actively solicits funds and fosters a culture of support for educational excellence at ECSU. Consequently, Ecsu Foundation Inc not only enriches the academic landscape but also strengthens the community and future workforce by nurturing the potential of its students.
This information is meant to be a general summary of Ecsu 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: $892,627
- Gross Receipts: $5,693,919
Assets and Liabilities:
- Total Assets: $21,101,250
- Total Liabilities: $442,841
- Net Assets: $20,658,409
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Organization Details
Founding Year
1971
Phone
(860) 465-4515Principal Officer
Justin Murphy
Main Address
PO BOX 431, WILLIMANTIC, CT, 06226
Website
www.ecsufoundation.comNTEE Category
Code: B82 - Education
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