Overview
What is Black Hills State University Foundation?
The Black Hills State University Foundation is a nonprofit organization based in Spearfish, South Dakota. With a primary focus on supporting Black Hills State University, the foundation provides scholarships and awards to its students, having awarded 993 scholarships recently. Their mission involves securing private gift support, communicating this to alumni, parents, friends, corporations, and foundations to gain awareness, understanding, acceptance, and support. The foundation addresses both the short-term operating and long-term capital and endowment needs of the university, ensuring its continued growth and success. With a team of nine dedicated individuals, they actively engage in fundraising efforts to sustain the university's operations and development.
Official website here: www.bhsu.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Star rating)
The Black Hills State University Foundation has earned an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. The organization received a perfect score in several key areas, including the independence of its board members and its effective financial oversight, showcasing a robust governance structure that supports its mission.
One notable strength is the foundation's financial efficiency, with a program expense ratio of 82.87% and a fundraising efficiency ratio of just $0.02, indicating that a significant portion of funds raised directly supports its programs. Additionally, the foundation maintains a favorable liabilities-to-assets ratio of 13.65%, which suggests a solid financial position and prudent financial management.
However, there are some areas for improvement, as the foundation lacks a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy. Addressing these gaps could enhance governance and transparency, further solidifying donor confidence and stakeholder trust in the foundation's operations.
This AI summary has been generated from information found on Charity Navigator.
Is Black Hills State University Foundation legitimate?
Black Hills State University Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Black Hills 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: $0
Other Salaries and Wages: $14,195
For more financial information, click here
Official website here: www.bhsu.edu
What is the mission statement of Black Hills State University Foundation?
The Black Hills State University Foundation's mission is centered around providing private financial support for the university. The foundation aims to raise awareness, understanding, and acceptance among alumni, parents, friends, corporations, and foundations. This support is directed towards both the short-term operational needs and the long-term capital and endowment requirements of Black Hills State University. The foundation's activities also include offering scholarships and awards to students, as evidenced by the 993 scholarships it has awarded.
Official website here: www.bhsu.edu
Who is the CEO of Black Hills State University Foundation?
Steve Meeker is the Exec Vice Pr of Black Hills State University Foundation.
Official website here: www.bhsu.edu
What is the revenue of Black Hills State University Foundation?
Black Hills State University Foundation's revenue in 2022 was $4,334,811.
Official website here: www.bhsu.edu
Who are the executives of Black Hills State University Foundation and what are their salaries?
The average compensation at Black Hills State University Foundation during 2022 was $1,577. There are 9 employees and 22 volunteers at Black Hills State University Foundation.
Here are 24 key members and their salaries:
- Compensation: $0
- Related: $166,581
- Other: $34,411
- Compensation: $0
- Related: $190,573
- Other: $38,157
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.bhsu.edu
Where can I find the form 990 for Black Hills State University Foundation?
Black Hills State University Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bhsu.edu
Learn more at the official website: www.bhsu.edu
Mission Statement of Black Hills State University Foundation
The Black Hills State University Foundation's mission is centered around providing private financial support for Black Hills State University. This nonprofit organization aims to spread awareness, understanding, and acceptance of its purpose among alumni, parents, friends, corporations, and foundations. By doing so, it seeks to obtain their support to meet both the short-term operating and long-term capital and endowment needs of the university. Beyond just financial support, the foundation also plays a crucial role in addressing the university's needs, ensuring its continuity and growth.
In pursuit of its mission, the Black Hills State University Foundation provides scholarships and awards to students at Black Hills State University. With a commitment to supporting the academic pursuits of its students, the foundation awarded 993 scholarships, contributing significantly to their educational journey. This act of generosity not only alleviates the financial burden on students but also encourages talent and merit, thereby fostering a vibrant and engaged student body.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Black Hills State University Foundation significantly enhances the educational experience of students at BHSU by providing vital private gift support. Its commitment to securing scholarships and awards has had a direct impact on the lives of many students, with the foundation awarding 993 scholarships to date.
By effectively communicating with alumni, parents, friends, corporations, and foundations, the foundation not only fosters awareness and understanding of the university's needs but also generates critical funding to meet both short-term operational expenses and long-term capital and endowment goals. This support is essential not only for sustaining academic programs but also for enriching the overall educational environment at Black Hills State University, ensuring that students have access to resources that facilitate their success.
This information is meant to be a general summary of Black Hills 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 2022.
- Investment Income: $668,375
- Gross Receipts: $6,834,134
Assets and Liabilities:
- Total Assets: $32,932,668
- Total Liabilities: $4,498,101
- Net Assets: $28,434,567
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1975
Phone
(605) 642-6220Principal Officer
Steve Meeker
Main Address
1200 UNIVERSITY STREET UNIT 9506, SPEARFISH, SD, 57799
Website
www.bhsu.eduNTEE Category
Code: B110 - Education
If you are a representative of Black Hills State University Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.