Overview
What is The Elizabeth City State Univ Foundation?
The Elizabeth City State University Foundation is a 19-member board-governed nonprofit organization situated in Elizabeth City, North Carolina. Its primary mission is to support, promote, and aid the educational, research, and service endeavors of the university. The foundation is dedicated to securing the university's future by growing its endowment for perpetual financial support. The foundation's investments and annual reinvestments, at a higher rate than other reserve funds, enhance the university's impact in the region and its capacity to cater to its students' needs. The foundation contributed to funding dormitory renovations at the university.
Official website here: www.ecsu.edu/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Star rating)
The Elizabeth City State University Foundation has achieved a Three-Star rating from Charity Navigator, reflecting a strong emphasis on accountability and finance. The foundation's score is heavily influenced by its high marks in governance, including a fully independent board and well-maintained financial oversight, which indicates a commitment to transparency and ethical management.
Strengths highlighted include the foundation's excellent performance in areas such as conflict of interest policies, whistleblower protections, and document retention practices. Additionally, the foundation allocates a significant 87.79% of its expenses toward programs, showcasing their focus on mission-related activities. However, while the foundation performs well in governance and accountability, there are areas that need improvement, particularly in financial metrics related to liabilities, fundraising efficiency, and working capital.
The financial metrics show significant challenges, with a low liability-to-assets ratio and a fundraising efficiency ratio of $0.00, indicating that the organization may struggle with generating revenue through fundraising efforts. Moreover, a working capital ratio of only 0.21 years raises concerns about the foundation's short-term financial stability. Overall, while the Elizabeth City State University Foundation demonstrates solid governance practices, addressing its financial sustainability will be crucial for future growth and community impact.
This AI summary has been generated from information found on Charity Navigator.
Is The Elizabeth City State Univ Foundation legitimate?
The Elizabeth City State Univ Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Elizabeth City State Univ 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:
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Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.ecsu.edu/foundation
What is the mission statement of The Elizabeth City State Univ Foundation?
The Elizabeth City State University Foundation's mission is governed by a 19-member board, whose primary objective is to aid, support, and promote teaching, research, and service in various educational, scientific, scholarly, professional, artistic, and creative endeavors at the university. The foundation is committed to securing the future of the university by building its endowment, which enables it to meet its needs indefinitely. The investment and annual reinvestment of the foundation's endowment, at a higher rate than other reserve funds, enhance the university's impact in the region and its capacity to cater to the needs of its students.
Official website here: www.ecsu.edu/foundation
Who is the CEO of The Elizabeth City State Univ Foundation?
Anita Walton is the Executive Director of The Elizabeth City State Univ Foundation.
Official website here: www.ecsu.edu/foundation
What is the revenue of The Elizabeth City State Univ Foundation?
The Elizabeth City State Univ Foundation's revenue in 2022 was $3,296,058.
Official website here: www.ecsu.edu/foundation
Who are the executives of The Elizabeth City State Univ Foundation and what are their salaries?
There 19 volunteers at The Elizabeth City State Univ Foundation.
Here are 22 key members and their salaries:
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- Related: $156,441
- Other: $39,669
Official website here: www.ecsu.edu/foundation
Where can I find the form 990 for The Elizabeth City State Univ Foundation?
The Elizabeth City State Univ Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ecsu.edu/foundation
Learn more at the official website: www.ecsu.edu/foundation
Mission Statement of The Elizabeth City State Univ Foundation
The Elizabeth City State University Foundation, governed by a 19-member board, is dedicated to aiding, supporting, and promoting various educational, scientific, scholarly, professional, artistic, and creative endeavors at the university. Its primary purpose is to ensure the future of Elizabeth City State University by building an endowment to meet its needs perpetually. The foundation invests and annually reinvests its endowment at a higher rate than other reserve funds, which allows the university to increase its impact on the region and its capacity to cater to the needs of its students. In essence, The Elizabeth City State Univ Foundation serves as a crucial catalyst for the university's growth and development, bolstering its capacity to make a lasting impact in its field.
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Impact
October, 2024
The Elizabeth City State University Foundation significantly enhances the educational landscape by providing critical funding for essential initiatives such as dormitory renovations. Governed by a 19-member board, its mission centers on aiding, supporting, and promoting teaching, research, and service across various disciplines at the university. By building and managing its endowment, the Foundation ensures long-term support for the university's needs, allowing for a higher rate of return that surpasses traditional reserve funds. This strategic investment not only bolsters the university's capacity to meet student needs but also amplifies its impact on the surrounding region, fostering an environment where educational, scientific, scholarly, professional, artistic, and creative endeavors can thrive.
This information is meant to be a general summary of The Elizabeth City State Univ 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 2022.
- Investment Income: $561,687
- Program Service Revenue: $29,678
- Gross Receipts: $10,331,423
Assets and Liabilities:
- Total Assets: $19,167,827
- Total Liabilities: $19,441,919
- Net Assets: -$274,092
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STUDENT HOUSING RENTAL INCOME
Revenue
$29,678
Organization Details
Founding Year
1971
Phone
(252) 335-3225Principal Officer
Anita Walton
Main Address
1704 WEEKSVILLE ROAD, ELIZABETH CITY, NC, 27909
Website
www.ecsu.edu/foundationNTEE Category
Code: B80 - Education
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