Overview
What is Chadron State Foundation?
The Chadron State Foundation is a nonprofit organization situated in Chadron, Nebraska, specifically at 1000 Main Street. Its primary mission is to bolster Chadron State College's capacity to fulfill its educational objectives in western Nebraska. The foundation achieves this goal by offering scholarships and awards to college students, as well as providing institutional support for management and special projects related to the college. Through fundraising activities, the Chadron State Foundation secures resources essential for Chadron State College's mission in instruction, research, and service. The foundation acknowledges the generosity of donors who contribute to the college's continued success in addressing the educational, economic, and cultural needs of western Nebraska.
Official website here: www.csc.edu/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Star rating)
The Chadron State Foundation has received an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. This rating is based solely on their financial metrics, with a perfect score in several categories, showcasing strong governance practices and transparency. The foundation demonstrates excellent independence with all board members being independent and a robust audit process in place.
The organization showcases a remarkable program expense ratio of 77.38%, signifying that a substantial portion of their funds is directed towards their mission. Additionally, they maintain a solid fundraising efficiency, raising $0.14 for every dollar spent on fundraising efforts, which highlights their effectiveness in resource utilization. The foundation's long working capital ratio of 13.26 years suggests a strong financial position, allowing for sustainability and growth.
Feedback from the data highlights no significant limitations or concerns regarding the foundation's operations. Their commitment to policies such as conflict of interest and whistleblower protections further enhances their credibility and trustworthiness as a nonprofit organization. Overall, Chadron State Foundation stands out as a well-managed organization that effectively supports its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Chadron State Foundation legitimate?
Chadron State Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chadron State 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: $0
Other Salaries and Wages: $516,068
For more financial information, click here
Official website here: www.csc.edu/foundation
What is the mission statement of Chadron State Foundation?
The Chadron State Foundation is committed to enhancing Chadron State College's capacity to fulfill its primary educational mission in Western Nebraska. The foundation supports scholarship programs for the college and engages in fundraising activities that provide essential resources for Chadron State College in the areas of instruction, research, and service. The foundation acknowledges the generous donors who contribute to the institution, helping it maintain a level of excellence as it meets the educational, economic, and cultural needs of Western Nebraska, both in the present and the future.
Official website here: www.csc.edu/foundation
Who is the CEO of Chadron State Foundation?
Ben Watson is the Board Member of Chadron State Foundation. The CEO's salary of Chadron State Foundation is $0 and their total compensation is $154,288.
Official website here: www.csc.edu/foundation
What is the revenue of Chadron State Foundation?
Chadron State Foundation's revenue in 2023 was $2,681,948.
Official website here: www.csc.edu/foundation
Who are the executives of Chadron State Foundation and what are their salaries?
Here are 18 key members and their salaries (Chadron State Foundation's CEO's salary is $0 and their total compensation is $154,288):
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- Related: $121,879
- Other: $32,409
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- Related: $72,273
- Other: $32,965
Official website here: www.csc.edu/foundation
Where can I find the form 990 for Chadron State Foundation?
Chadron State Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.csc.edu/foundation
Learn more at the official website: www.csc.edu/foundation
Mission Statement of Chadron State Foundation
The Chadron State Foundation is committed to enhancing Chadron State College's capacity to fulfill its primary educational mission in Western Nebraska. This nonprofit organization's mission is multifaceted, focusing on supporting scholarship programs for the college and engaging in fundraising activities. The resources procured through these efforts are crucial in advancing Chadron State College's goals in the areas of instruction, research, and service. The Foundation acknowledges the generous contributions of donors, whose individual or collective gifts contribute to Chadron State College's ability to maintain a margin of excellence as it addresses the educational, economic, and cultural needs of Western Nebraska, both now and in the future.
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Impact
October, 2024
Chadron State Foundation significantly enhances the educational landscape of Chadron State College and the broader community of Western Nebraska. By providing scholarships and awards, the foundation ensures that students have the financial support they need to pursue their studies. This commitment to educational accessibility allows a diverse range of individuals to benefit from higher education, fostering a more knowledgeable and skilled workforce.
In addition to student support, the foundation plays a crucial role in institutional development through its management of special projects that align with the college's mission. By undertaking strategic fundraising efforts, the foundation secures vital resources that contribute to key areas such as instruction, research, and community service. This financial backing not only elevates the college's programs but also strengthens its capacity to meet the evolving educational, economic, and cultural needs of the region.
The generosity of donors, whether acting individually or collectively, is instrumental in creating an "all-important margin of excellence." This support empowers Chadron State College to thrive, ensuring that it can continue to positively impact the lives of students and the community for years to come. Ultimately, the foundation's efforts are integral to fostering an environment where education can flourish, shaping the future of Western Nebraska.
This information is meant to be a general summary of Chadron State 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: $826,687
- Program Service Revenue: $263,466
- Gross Receipts: $2,731,052
Assets and Liabilities:
- Total Assets: $30,914,382
- Total Liabilities: $844,395
- Net Assets: $30,069,987
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OPERATING AGREEMENT RE
Revenue
$263,466
Organization Details
Founding Year
1963
Phone
(308) 432-6361Principal Officer
Ben Watson
Main Address
1000 MAIN STREET, CHADRON, NE, 69337
Website
www.csc.edu/foundationNTEE Category
Code: B84 - Education
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