South Carolina State University Foundation Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 237113930 ✦ Orangeburg, SC ✦ Designated as a 501(c)(3)

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Overview

What is South Carolina State University Foundation Inc?

South Carolina State University Foundation Inc is a nonprofit organization, located in Orangeburg, South Carolina. Its primary mission is to support and advance South Carolina State University's growth by managing, investing, and distributing funds for its exclusive benefit. This includes providing scholarships to students, contributing significantly to the university's development during the current year. The foundation, with a small workforce of 4 individuals, plays a crucial role in fostering educational opportunities and upholding the university's growth and development.


Official website here: www.scsu.edu/givetoscstate/scstateuniv

What are the reviews and ratings of this charity?

Charity Navigator Rating: 95% (Four-Star out of Four Star Rating from Charity Navigator)

The South Carolina State University Foundation Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting strong performance in accountability and finance. The organization scored exceptionally well in various metrics, such as having a fully independent board with ten members and maintaining a low liabilities-to-assets ratio, indicating sound financial health.

The foundation demonstrates robust oversight with a dedicated audit committee and has shown no material diversion of assets, which is critical for donor trust. Additionally, its program expense ratio is impressive, signifying that the majority of its funds are directed towards its core mission rather than administrative costs.

However, the foundation does have room for improvement, particularly in its policies. The absence of a whistleblower policy has been noted as a limitation, which could be a concern for transparency and ethical governance. Nonetheless, the overall high rating underscores the foundation's commitment to financial integrity and accountability.


This AI summary has been generated from information found on Charity Navigator.

Is South Carolina State University Foundation Inc legitimate?

South Carolina State University Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. South Carolina 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: $142,937

For more financial information, click here


Official website here: www.scsu.edu/givetoscstate/scstateuniv

What is the mission statement of South Carolina State University Foundation Inc?

The South Carolina State University Foundation Inc's mission is centered around fostering and promoting the growth of South Carolina State University. They achieve this by receiving, investing, and expenditing funds exclusively for the benefit of the university. This financial support enables the university to provide scholarships to its students, thereby contributing to their educational advancement. The foundation's primary goal is to contribute positively to the university's development and success.


Official website here: www.scsu.edu/givetoscstate/scstateuniv

Who is the CEO of South Carolina State University Foundation Inc?

Stephen V Beatty is the Chair & Inte of South Carolina State University Foundation Inc.


Official website here: www.scsu.edu/givetoscstate/scstateuniv

What is the revenue of South Carolina State University Foundation Inc?

South Carolina State University Foundation Inc's revenue in 2022 was $5,272,218.


Official website here: www.scsu.edu/givetoscstate/scstateuniv

Who are the executives of South Carolina State University Foundation Inc and what are their salaries?

The average compensation at South Carolina State University Foundation Inc during 2022 was $35,734. There are 4 employees and 9 volunteers at South Carolina State University Foundation Inc.


Here are 10 key members and their salaries:


Stephen V Beatty (Chair & Inte)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vernell T Brown (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edwena L Crowe (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ethell Vereen Jr (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edward D Williams (Ex-Officio D)
  • Compensation: $0
  • Related: $0
  • Other: $0
George K Quick (Ex-Officio D)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alexander Conyers (Ex-Officio D)
  • Compensation: $0
  • Related: $0
  • Other: $0
Henry Allen (Ex-Officio D)
  • Compensation: $0
  • Related: $0
  • Other: $0
Douglas D Gantt (Ex-Officio D)
  • Compensation: $0
  • Related: $0
  • Other: $0
Zyah Cephus (Ex-Officio D)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.scsu.edu/givetoscstate/scstateuniv

Where can I find the form 990 for South Carolina State University Foundation Inc?

South Carolina State University Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.scsu.edu/givetoscstate/scstateuniv

Learn more at the official website: www.scsu.edu/givetoscstate/scstateuniv

Mission Statement of South Carolina State University Foundation Inc

South Carolina State University Foundation Inc is dedicated to fostering and promoting the growth of South Carolina State University. To achieve this mission, the Foundation receives, invests, and expends funds solely for the benefit of the university. This financial support enables the institution to provide scholarships for its students, thereby advancing their academic pursuits. The Foundation's primary objective is to contribute to the university's development and expansion, ensuring its continued success and positive impact on its student body.

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Impact




October, 2024

South Carolina State University Foundation Inc plays a crucial role in advancing the mission of South Carolina State University by effectively managing financial resources dedicated to the institution's growth and development. Through the receipt, investment, and strategic expenditure of funds, the Foundation significantly enhances the university's capacity to provide scholarships, thereby increasing access to education for students. This financial support not only fosters an enriching academic environment but also strengthens the community by empowering individuals with the opportunities that higher education affords. The Foundation's dedicated efforts in funding scholarships directly contribute to the educational success and future prospects of its students, ultimately benefiting the wider community in Orangeburg, SC, and beyond.




This information is meant to be a general summary of South Carolina 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.

Revenue
$5,272,218 (2022)
Expenses
$3,452,026 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $604,064
  • Gross Receipts: $19,300,317

Assets and Liabilities:

  • Total Assets: $16,297,661
  • Total Liabilities: $143,008
  • Net Assets: $16,154,653

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Organization Details

Founding Year

1971

Principal Officer

Stephen V Beatty

Main Address

PO BOX 7187, ORANGEBURG, SC, 291170001

NTEE Category

Code: B43 - Education

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