Overview
What is Winthrop University Foundation?
Winthrop University Foundation is a nonprofit organization situated in Rock Hill, South Carolina, at 2020 Alumni Drive, Stewart House. Its primary mission is to support and enhance Winthrop University, a renowned public higher education institution in the same city. The foundation encourages alumni and supporters to contribute private funds and resources for the university's benefit, managing these assets effectively. Their aim is to provide volunteer leadership in support of the university's objectives, contributing to its growth, development, and advancement through scholarships, grants, salary supplements, and other discretionary support. The foundation currently employs a team of six individuals.
Official website here: www.winthrop.edu/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 98% (Four-Star out of Four Star rating)
Winthrop University Foundation has achieved an impressive rating of 98%, reflecting strong accountability and financial practices. With a perfect score of 100 in Accountability & Finance, the organization demonstrates robust governance with a fully independent board and effective oversight mechanisms. Its financial health is also commendable, with a program expense ratio of 84.74% and minimal liabilities, indicating that a significant portion of its budget is allocated to programs rather than administrative costs.
The foundation also scores well in Culture & Community, with a score of 85%. It excels in gathering and utilizing constituent feedback, which highlights its commitment to community engagement and responsiveness. All feedback mechanisms are rated highly, suggesting a strong emphasis on stakeholder involvement in decision-making processes.
However, there are areas for improvement, particularly in equity strategies, where it scored 77 out of 100. The foundation has room to enhance its policies and processes related to equity, which could impact its overall community impact. Despite this limitation, the organization’s strong financial health and governance practices position it well as a responsible and effective nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Winthrop University Foundation legitimate?
Winthrop University Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Winthrop 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: $314,008
Professional Fundraising Fees: $72,110
Other Salaries and Wages: $275,820
For more financial information, click here
Official website here: www.winthrop.edu/foundation
What is the mission statement of Winthrop University Foundation?
The Winthrop University Foundation's mission is to support and enhance the educational experience at Winthrop University. They achieve this by encouraging alumni and friends to provide private funds and resources, managing these assets, and offering volunteer leadership to advance the university's objectives. The foundation's support is manifested through scholarships, grants, salary supplements, and other forms of discretionary aid that contribute to the university's growth, development, and advancement of its educational goals.
Official website here: www.winthrop.edu/foundation
Who is the CEO of Winthrop University Foundation?
Mr Peter Moroni is the President of Winthrop University Foundation.
Official website here: www.winthrop.edu/foundation
What is the revenue of Winthrop University Foundation?
Winthrop University Foundation's revenue in 2022 was $6,254,328.
Official website here: www.winthrop.edu/foundation
Who are the executives of Winthrop University Foundation and what are their salaries?
The average compensation at Winthrop University Foundation during 2022 was $98,305. There are 6 employees and 35 volunteers at Winthrop University Foundation.
Here are 22 key members and their salaries:
- Compensation: $107,500
- Related: $124,034
- Other: $10,260
- Compensation: $69,011
- Related: $88,032
- Other: $26,884
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Official website here: www.winthrop.edu/foundation
Where can I find the form 990 for Winthrop University Foundation?
Winthrop University Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.winthrop.edu/foundation
Learn more at the official website: www.winthrop.edu/foundation
Mission Statement of Winthrop University Foundation
The Winthrop University Foundation is a dedicated organization with a mission to support and enhance Winthrop University, a distinguished higher education institution located in South Carolina. The foundation encourages alumni and supporters to contribute private funds and resources for the university's benefit. They manage these assets and provide volunteer leadership to aid in achieving the university's objectives. Their role is instrumental in promoting the growth, development, and advancement of Winthrop University's educational goals through various means such as scholarships, grants, salary supplements, and other discretionary support. By doing so, the Winthrop University Foundation contributes to the university's mission to maintain its status as a first-class institution of higher education, offering an educational experience that evolves with the times.
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Impact
October, 2024
Winthrop University Foundation plays a critical role in supporting and enhancing the educational experience at Winthrop University, a public higher education institution in Rock Hill, South Carolina. By encouraging alumni and friends to contribute private funds and other resources, the Foundation significantly impacts the university's ability to thrive and evolve.
The Foundation manages these resources effectively to ensure they are utilized for scholarships, grants, and salary supplements, which directly support both students and faculty. This financial assistance not only helps to alleviate the cost of education for students but also aids in attracting and retaining quality educators, ultimately enhancing the overall learning environment.
Through its dedicated volunteer leadership, the Foundation fosters a strong community of support, motivating stakeholders to engage with the university's mission and objectives. This collaborative effort ensures that Winthrop University continues to fulfill its legislative mandate to provide a first-class education that meets the changing needs of students and society. The Foundation's multifaceted approach contributes to the growth, development, and advancement of Winthrop University, ensuring it remains a vital educational institution in South Carolina.
This information is meant to be a general summary of Winthrop 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 2022.
- Investment Income: $3,496,161
- Program Service Revenue: $77,772
- Gross Receipts: $83,683,206
Assets and Liabilities:
- Total Assets: $73,833,927
- Total Liabilities: $1,342,392
- Net Assets: $72,491,535
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program Revenue
Revenue
$77,772
Organization Details
Founding Year
1973
Phone
(803) 323-2229Principal Officer
Mr Peter Moroni
Main Address
2020 Alumni Drive Stewart House, Rock Hill, SC, 29733
Website
www.winthrop.edu/foundationNTEE Category
Code: B43I - Education
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