Overview
What is Frostburg State University Foundat?
Frostburg State University Foundation is a nonprofit organization situated in Frostburg, Maryland, specifically at 101 Braddock Road. Its primary mission is to support and enhance the well-being of Frostburg State University. This support encompasses advocacy, fundraising, investment management, and stewardship. The organization, with a team of five dedicated individuals, aims to foster growth and progress within the university, thereby contributing to its overall development.
Official website here: www.frostburg.edu/foundation/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Stars)
Frostburg State University Foundation has received a high rating of 95% from Charity Navigator, indicating strong overall performance, particularly in accountability and finance. The foundation boasts an impressive 97 in the Accountability & Finance category, showcasing its effective governance practices, including 100% independent board members and a solid framework for financial oversight.
The foundation's financial metrics are robust, with a program expense ratio of 85.18%, demonstrating that a significant portion of its funds is directed toward its programs. Additionally, the fundraising efficiency ratio is notably low at $0.02, indicating that the organization is effective in its fundraising efforts relative to the amounts it raises. The foundation also maintains a healthy liabilities to assets ratio of just 0.25%, emphasizing its financial stability.
While the culture and community score is slightly lower at 75, it indicates a commitment to equity strategies. However, there is room for improvement in this area to enhance community engagement and inclusivity. Overall, the Frostburg State University Foundation demonstrates strong financial health and governance, making it a reliable choice for donors seeking to support educational initiatives.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Frostburg State University Foundat?
86% of 329 reviewers on Facebook recommend Frostburg State University Foundation. Here is a summary of their reviews:
Many graduates express strong satisfaction with their educational experience, highlighting the quality of the programs and faculty. One reviewer specifically mentioned graduating with a bachelor’s degree in Social Work, indicating a positive outcome and appreciation for the university's offerings.
Overall, the sentiment leans positively, showcasing that alumni feel well-prepared for their careers and value the time spent at the university. The consistent praise suggests that Frostburg State University Foundation is effectively fulfilling its mission to provide a compelling educational environment.
This AI summary has been generated from reviews found on Facebook.
Is Frostburg State University Foundat legitimate?
Frostburg State University Foundat is a legitimate nonprofit organization registered as a 501(c)(3) entity. Frostburg State University Foundat 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: $130,457
For more financial information, click here
Official website here: www.frostburg.edu/foundation/
What is the mission statement of Frostburg State University Foundat?
The Frostburg State University Foundation's mission is to support and enhance the growth, progress, and general welfare of Frostburg State University. They achieve this through various means, including advocacy, fundraising, investment management, and stewardship. The organization is committed to fostering and encouraging the university's progress in a holistic manner. Specifically, they provide aid to the university's athletic program, contributing to its overall development.
Official website here: www.frostburg.edu/foundation/
Who is the CEO of Frostburg State University Foundat?
John T Short Jr is the President of Frostburg State University Foundat.
Official website here: www.frostburg.edu/foundation/
What is the revenue of Frostburg State University Foundat?
Frostburg State University Foundat's revenue in 2023 was $4,127,244.
Official website here: www.frostburg.edu/foundation/
Who are the executives of Frostburg State University Foundat and what are their salaries?
The average compensation at Frostburg State University Foundat during 2023 was $26,091. There are 5 employees and 34 volunteers at Frostburg State University Foundat.
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Official website here: www.frostburg.edu/foundation/
Where can I find the form 990 for Frostburg State University Foundat?
Frostburg State University Foundat's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.frostburg.edu/foundation/
Learn more at the official website: www.frostburg.edu/foundation/
Mission Statement of Frostburg State University Foundat
The Frostburg State University Foundation, in its mission, seeks to foster, encourage, and promote the growth, progress, and general welfare of Frostburg State University. They accomplish this through various means, including advocacy, fundraising, investment management, and stewardship. The primary objective is to support and enhance the university's overall development.
In a broader context, the foundation serves as a key advocate for Frostburg State University, advocating for its interests and needs. They also engage in fundraising efforts to secure financial resources for the university's development and growth. Furthermore, the foundation is responsible for managing investments and ensuring their proper stewardship, contributing to the university's financial stability and long-term prosperity. By carrying out these activities, the Frostburg State University Foundation plays a crucial role in supporting the university athletics program, contributing to its overall success and development.
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Impact
October, 2024
Frostburg State University Foundation significantly impacts the growth and development of Frostburg State University by fostering advocacy, fundraising, and effective investment management. Through various initiatives, the Foundation promotes the general welfare of the university, ensuring that it can thrive and adapt in a changing educational landscape.
A key area of impact is the support provided for the university's athletic programs, which enhances the student experience and champions school spirit. By securing funding and resources, the Foundation empowers athletic teams, allowing them to compete at higher levels and attract talented student-athletes. This not only contributes to the university's reputation but also cultivates a vibrant campus culture that fosters teamwork, discipline, and resilience among students.
Additionally, the Foundation's commitment to investment management and stewardship helps ensure the long-term financial health of the university, making it possible to offer scholarships, improve facilities, and expand academic programs. Overall, the Frostburg State University Foundation plays a vital role in creating a sustainable environment that benefits students, faculty, and the wider community in Frostburg, Maryland.
This information is meant to be a general summary of Frostburg State University Foundat. 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: $1,374,863
- Program Service Revenue: $127,192
- Gross Receipts: $4,127,244
Assets and Liabilities:
- Total Assets: $42,609,827
- Total Liabilities: $110,737
- Net Assets: $42,499,090
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALES/OTHER INCOME
Revenue
$63,984
EVENT ADMISSIONS/REGISTRATION
Revenue
$63,208
Organization Details
Founding Year
1971
Phone
(301) 687-4161Principal Officer
John T Short Jr
Main Address
101 BRADDOCK ROAD, FROSTBURG, MD, 215322303
NTEE Category
Code: B43I - Education
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