Overview
What is The Cheyney Foundation?
The Cheyney Foundation is a nonprofit organization situated in Cheyney, Pennsylvania, specifically at 1837 University Cr, Biddle Hall 207. Established in 1971, its primary mission is to support and promote academic excellence, innovation, and sustainability at Cheyney University. The foundation has achieved this by granting scholarships and providing financial aid to deserving students who demonstrate high academic achievement. Over the years, it has contributed over 2.4 million dollars to Cheyney University, primarily in the form of scholarships. The Cheyney Foundation's efforts have significantly contributed to various university programs, enhancing education and opportunities for students.
Official website here: www.cheyneyfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Star rating)
The Cheyney Foundation has received an impressive 95% rating from Charity Navigator, indicating a high level of operational effectiveness and transparency. This Four-Star rating reflects the organization's strong commitment to accountability and financial health, marking it as a trustworthy entity in the nonprofit sector.
The foundation boasts a 100% independent board, which enhances its governance and decision-making processes. Additionally, it has a strong financial oversight structure, evidenced by a perfect score in audit and oversight, and a low liabilities to assets ratio, suggesting a solid financial footing. The organization also effectively communicates its policies, maintaining comprehensive documentation and adhering to best practices regarding conflict of interest and whistleblower protections.
Despite its strengths, the program expense ratio stands at 69.01%, which, while strong, suggests that there may be room for improvement in allocating resources towards programmatic activities. Overall, the Cheyney Foundation demonstrates a robust framework for accountability and finance, making it a reliable choice for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is The Cheyney Foundation legitimate?
The Cheyney Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Cheyney 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
Professional Fundraising Fees: $6,399
Other Salaries and Wages: $0
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Official website here: www.cheyneyfoundation.org
What is the mission statement of The Cheyney Foundation?
The Cheyney Foundation's mission is centered around raising funds, advocating for, and supporting the academic excellence, innovation, and sustainability of Cheyney University. The organization primarily accomplishes this by providing scholarships and need-based financial aid to students from Cheyney University who demonstrate a high level of academic achievement. By doing so, The Cheyney Foundation aims to contribute to the university's overall growth and success.
Official website here: www.cheyneyfoundation.org
Who is the CEO of The Cheyney Foundation?
Larry Walker is the Chairman of The Cheyney Foundation.
Official website here: www.cheyneyfoundation.org
What is the revenue of The Cheyney Foundation?
The Cheyney Foundation's revenue in 2023 was $676,907.
Official website here: www.cheyneyfoundation.org
Who are the executives of The Cheyney Foundation and what are their salaries?
Here are 4 key members and their salaries:
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Official website here: www.cheyneyfoundation.org
Where can I find the form 990 for The Cheyney Foundation?
The Cheyney Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.cheyneyfoundation.org
Learn more at the official website: www.cheyneyfoundation.org
Mission Statement of The Cheyney Foundation
The Cheyney Foundation, established in 1971, has a mission to actively fundraise, promote, and support the academic excellence, innovation, and sustainability of Cheyney University. This mission is geared towards ensuring the institution maintains its academic prowess and continues to thrive. One of the primary ways the foundation achieves this is by providing scholarships and need-based financial assistance to students of Cheyney University who demonstrate a high level of academic achievement. By doing so, the Cheyney Foundation plays a crucial role in empowering these students to succeed academically, thereby contributing to the university's overall success.
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Impact
July, 2024
The Cheyney Foundation's impact is evident in its commitment to granting scholarships and providing need-based financial support to students at Cheyney University. Since 1971, the Foundation has contributed over $2.4 million to support various university programs, primarily through scholarships for deserving students. By promoting academic excellence, innovation, and sustainability at Cheyney University, the Foundation plays a crucial role in empowering students to achieve their educational goals and succeed in their academic endeavors.
This information is meant to be a general summary of The Cheyney 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: $27,107
- Gross Receipts: $676,907
Assets and Liabilities:
- Total Assets: $1,346,984
- Total Liabilities: $39,020
- Net Assets: $1,307,964
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Organization Details
Founding Year
1971
Phone
(610) 399-2419Principal Officer
Larry Walker
Main Address
1837 UNIVERSITY CR BIDDELL HALL 207, CHEYNEY, PA, 19319
Website
www.cheyneyfoundation.orgNTEE Category
Code: B43I - Education
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