Overview
What is Dakota State University Foundation?
Dakota State University Foundation is an independent, non-profit organization, headquartered in Madison, South Dakota, specifically at 820 N Washington Avenue. Its primary mission is to support Dakota State University by managing and raising private funds. This foundation assists in making payments for scholarships, contributing significantly to the educational opportunities available at the university. Established with the intention of benefiting Dakota State University, the foundation plays a crucial role in enhancing the university's resources, thus positively impacting its students and community.
Official website here: www.foundation.dsu
What are the reviews and ratings of this charity?
Charity Navigator Rating 87% - Three-Star out of Four Star rating
The Dakota State University Foundation has earned a Three-Star rating from Charity Navigator, reflecting strong accountability and finance practices. The foundation excels in areas such as independent board membership and financial oversight, with a perfect score in these categories. Additionally, it has demonstrated effective management of program expenses, with 85.62% of its budget allocated to programs.
However, there are areas for improvement, notably the absence of a whistleblower policy and document retention and destruction policy, which received zero points. While the foundation's liabilities to assets ratio is moderately strong, it scored lower in fundraising efficiency. This indicates that while the foundation is well-managed, it may need to enhance its fundraising strategies to maximize financial support for its initiatives.
Overall, the Dakota State University Foundation displays robust financial health and governance practices, but addressing its policy gaps and improving fundraising efficiency could further solidify its standing and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Dakota State University Foundation legitimate?
Dakota State University Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dakota 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:
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For more financial information, click here
Official website here: www.foundation.dsu
What is the mission statement of Dakota State University Foundation?
The Dakota State University Foundation serves as an independent, non-profit organization, primarily focused on raising and managing private funds. Its mission is geared towards benefiting Dakota State University. The foundation assists in making financial contributions, specifically for scholarships, to enhance the educational opportunities for students at Dakota State University. In essence, the Dakota State University Foundation's purpose is to support the university and its students through the procurement and administration of private funding.
Official website here: www.foundation.dsu
Who is the CEO of Dakota State University Foundation?
Jon Schemmel is the CEO of Dakota State University Foundation The CEO's salary of Dakota State University Foundation is $0 and their total compensation is $0.
Official website here: www.foundation.dsu
What is the revenue of Dakota State University Foundation?
Dakota State University Foundation's revenue in 2023 was $5,886,711.
Official website here: www.foundation.dsu
Who are the executives of Dakota State University Foundation and what are their salaries?
There 25 volunteers at Dakota State University Foundation.
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Official website here: www.foundation.dsu
Where can I find the form 990 for Dakota State University Foundation?
Dakota State University Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.foundation.dsu
Learn more at the official website: www.foundation.dsu
Mission Statement of Dakota State University Foundation
Dakota State University Foundation, as an independent non-profit corporation, is established with a mission to gather and manage private funding for the advantage of Dakota State University. This organization serves as a crucial intermediary, facilitating payments for scholarships on behalf of the university. By raising and managing these funds, the foundation aims to contribute significantly to the educational opportunities and growth of Dakota State University.
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Impact
October, 2024
Dakota State University Foundation plays a crucial role in enhancing the educational landscape of Dakota State University in Madison, South Dakota. By raising and managing private funding, the Foundation directly supports scholarships and financial aid, making higher education more accessible for students. This financial assistance helps to alleviate the burden of tuition costs, allowing students to focus on their academic pursuits and reduce their reliance on loans.
Through its efforts, the Foundation not only increases the number of scholarships available but also strengthens the overall quality of education by attracting talented individuals to the university. By investing in students, the Foundation contributes to the growth of a skilled workforce, benefiting both the local community and the broader economy. Overall, Dakota State University Foundation significantly impacts the educational opportunities and experiences of students, fostering a thriving academic environment.
This information is meant to be a general summary of Dakota 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: $1,377,519
- Program Service Revenue: $25,629
- Gross Receipts: $13,001,807
Assets and Liabilities:
- Total Assets: $118,045,718
- Total Liabilities: $98,636,082
- Net Assets: $19,409,636
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Organization Details
Founding Year
1970
Principal Officer
Samantha Zoss
Website
www.foundation.dsuNTEE Category
Code: B431 - Education
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