Overview
What is Southern Connecticut State University Foundation Inc?
Southern Connecticut State University Foundation Inc is a charitable organization located at 501 Crescent Street, New Haven, Connecticut 06515. Its primary mission is to support Southern Connecticut State University by managing and distributing private financial resources. This includes providing scholarships and awards to students, assisting them in completing their undergraduate and graduate degrees, and recognizing their achievements in various fields of study. The foundation operates for educational, literary, cultural, and recreational purposes, aiming to contribute to the objectives of Southern Connecticut State University. With this support, the university can better achieve its mission and vision.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Star Rating)
The Southern Connecticut State University Foundation Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial health. With an overall score of 95%, the organization demonstrates robust practices in governance, including a fully independent board and effective oversight mechanisms that ensure transparency and ethical management of resources.
Strengths of the foundation include its high program expense ratio of 82.97%, indicating that a significant portion of its budget is directed towards its charitable programs rather than administrative costs. Furthermore, its fundraising efficiency is noteworthy, with only $0.03 spent to raise a dollar, showcasing effective resource utilization. The foundation also maintains a solid liabilities to assets ratio of 0.74%, which points to a strong financial position.
While the foundation's performance metrics are commendable, it is essential for potential donors and stakeholders to remain engaged and informed about ongoing initiatives and impacts. The organization's transparency and adherence to policies related to conflict of interest and whistleblower protections further enhance its credibility, ensuring that it remains a trustworthy entity in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Southern Connecticut State University Foundation Inc legitimate?
Southern Connecticut State University Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southern Connecticut 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.
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What is the mission statement of Southern Connecticut State University Foundation Inc?
The Southern Connecticut State University Foundation Inc is established with a mission to aid Southern Connecticut State University in achieving its objectives and vision. This is accomplished through the management and utilization of private financial resources. The Foundation plays a role in overseeing the investment of contributions, which can be utilized for various educational support activities conducted by the university. In essence, the foundation's purpose is to assist the university in fulfilling its mission and vision by leveraging private funds.
Who is the CEO of Southern Connecticut State University Foundation Inc?
Jon Pedersen is the Director of Southern Connecticut State University Foundation Inc.
What is the revenue of Southern Connecticut State University Foundation Inc?
Southern Connecticut State University Foundation Inc's revenue in 2023 was $4,744,595.
Who are the executives of Southern Connecticut State University Foundation Inc and what are their salaries?
There 24 volunteers at Southern Connecticut State University Foundation Inc.
Here are 26 key members and their salaries:
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Where can I find the form 990 for Southern Connecticut State University Foundation Inc?
Southern Connecticut State University Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Southern Connecticut State University Foundation Inc
Southern Connecticut State University Foundation Inc exists with a primary mission to aid Southern Connecticut State University in achieving its vision and fulfilling its purpose. This is accomplished through the strategic management and allocation of private financial resources. The Foundation serves as a crucial intermediary, receiving and investing contributions for various educational support activities that the university may undertake. By doing so, the Southern Connecticut State University Foundation Inc plays a significant role in enhancing the educational experience and advancements at the university.
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Impact
October, 2024
Southern Connecticut State University Foundation Inc plays a pivotal role in enhancing educational opportunities for students at Southern Connecticut State University. By providing scholarships and awards, the foundation offers vital financial assistance that enables students to pursue both undergraduate and graduate degrees. This support alleviates the burden of educational costs, allowing students to focus on their studies and achieve their academic goals.
The foundation also recognizes and rewards students for their specific accomplishments in various areas of study, fostering an environment of excellence and motivation. Through its commitment to developing, stewarding, and delivering private financial resources, the foundation ensures that the university can fulfill its mission and vision effectively. This financial management of contributions not only supports educational endeavors but also enriches the overall cultural and recreational activities at the university, contributing to a well-rounded academic experience for all students. In essence, the foundation's impact extends beyond monetary assistance, shaping a brighter future for individuals and the community as a whole by empowering the next generation of leaders and innovators.
This information is meant to be a general summary of Southern Connecticut 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $550,607
- Program Service Revenue: $108,998
- Gross Receipts: $7,229,428
Assets and Liabilities:
- Total Assets: $49,811,036
- Total Liabilities: $372,996
- Net Assets: $49,438,040
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ATHLETIC AND EDUCATION EVENTS
Revenue
$108,998
Organization Details
Founding Year
1972
Phone
(203) 392-6191Principal Officer
Jon Pedersen
Main Address
501 CRESCENT STREET, NEW HAVEN, CT, 06515
NTEE Category
Code: B43 - Education
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