Overview
What is Valley City State University Foundation?
Valley City State University Foundation is a nonprofit organization situated in Valley City, North Dakota, specifically at 101 College Street. Their primary mission is to contribute to the growth and development of Valley City State University by granting scholarships to its students. They achieve this objective through various means, including individual and business contributions, fundraising events, and income from investments. The foundation's purpose is to strengthen the university by providing financial aid, thereby promoting its progress and reputation.
Official website here: www.alumni.vcsu.edu/
What are the reviews and ratings of this charity?
Charity Navigator rating: 97%, Four-Star out of Four Star rating.
The Valley City State University Foundation has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The score is entirely derived from a high accountability and finance score of 97%, indicating that the foundation adheres to best practices in financial management and transparency. This rating is based on various metrics, such as the independence of board members and the absence of any material diversion of assets.
The foundation boasts a fully independent board and demonstrates robust financial practices, such as a low liabilities to assets ratio of 0.77% and a program expense ratio of 70.01%. This suggests that a significant portion of its expenditures directly supports its programs, enhancing the foundation's operational efficiency. Additionally, the organization has a commendable fundraising efficiency ratio, with only $0.13 spent to raise each dollar, highlighting its effective fundraising strategies.
While the data does not reveal any major limitations, the foundation should continue to focus on maintaining its high standards of governance and transparency. Overall, the Valley City State University Foundation presents a strong case for donors looking for a well-managed organization dedicated to supporting educational initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Valley City State University Foundation legitimate?
Valley City State University Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Valley City State University 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: $45,000
Other Salaries and Wages: $305,627
For more financial information, click here
Official website here: www.alumni.vcsu.edu/
What is the mission statement of Valley City State University Foundation?
The Valley City State University Foundation works towards advancing Valley City State University by providing scholarships and promoting the institution. This is achieved primarily through contributions from individuals and businesses, fundraising events, and investment income. The foundation's main goal is to aid Valley City State University in its growth and development by financially supporting its students. Scholarships are awarded to students attending Valley City State University, thereby helping them in their academic pursuits. The foundation's activities contribute significantly to the University's overall development and success.
Official website here: www.alumni.vcsu.edu/
Who is the CEO of Valley City State University Foundation?
Cory Anderson is the Director of Valley City State University Foundation.
Official website here: www.alumni.vcsu.edu/
What is the revenue of Valley City State University Foundation?
Valley City State University Foundation's revenue in 2023 was $2,329,236.
Official website here: www.alumni.vcsu.edu/
Who are the executives of Valley City State University Foundation and what are their salaries?
Here are 23 key members and their salaries:
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Official website here: www.alumni.vcsu.edu/
Where can I find the form 990 for Valley City State University Foundation?
Valley City State University Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.alumni.vcsu.edu/
Learn more at the official website: www.alumni.vcsu.edu/
Mission Statement of Valley City State University Foundation
Valley City State University Foundation, a nonprofit organization, is dedicated to supporting the advancement of Valley City State University. Its primary mission involves awarding scholarships to students attending the university and promoting the institution. The foundation relies on contributions from individuals, businesses, fundraising events, and investment income to fulfill its mission. By providing scholarships, the Valley City State University Foundation enables deserving students to pursue their education, thereby contributing to the university's growth and development. In addition, the foundation promotes the university, raising its profile and attracting more students and support.
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Impact
October, 2024
Valley City State University Foundation plays a vital role in enhancing educational opportunities at Valley City State University. By awarding scholarships, the Foundation directly supports students in their pursuit of higher education, helping to reduce financial barriers and increase access for a diverse group of learners.
Additionally, the Foundation actively promotes the University, fostering community engagement and attracting potential students and supporters. It relies on contributions from individuals and businesses, as well as fundraising events and investment income, to sustain its programs and initiatives. This support not only aids current students but also helps secure the university's future, ultimately contributing to the growth and vitality of the region. Through its mission, the Foundation strengthens the educational landscape and empowers students to achieve their academic goals.
This information is meant to be a general summary of Valley City State University 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: $690,013
- Gross Receipts: $3,274,482
Assets and Liabilities:
- Total Assets: $19,726,854
- Total Liabilities: $153,451
- Net Assets: $19,573,403
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Organization Details
Founding Year
1972
Phone
(701) 845-7203Principal Officer
Cory Anderson
Main Address
101 COLLEGE STREET, VALLEY CITY, ND, 580724024
Website
www.alumni.vcsu.edu/NTEE Category
Code: B82 - Education
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