Overview
What is Clarion University Foundation Inc?
Clarion University Foundation Inc is a nonprofit organization situated in Clarion, Pennsylvania, with a primary focus on supporting the overall well-being of Clarion University and its community. Their mission encompasses providing financial and necessary resources to enhance the university's strength. One of their key initiatives is student housing, including Reinhard Villages and two phases of on-campus residence halls, which offer living quarters for the university's students. The foundation's activities and mission are centered around strengthening the university community, thereby contributing to the students' academic journey and overall development. With a modest workforce of seven individuals, the Clarion University Foundation Inc plays a significant role in supporting the university's growth and success.
Official website here: www.pennwest.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 89% (Three-Star out of Four Stars)
Clarion University Foundation Inc has received a solid Three-Star rating from Charity Navigator, showcasing its strong commitment to accountability and financial management. The organization achieved an impressive score of 89% in the Accountability & Finance category, indicating effective oversight and governance practices, including a fully independent board and robust financial policies.
The foundation demonstrates a high level of transparency, with all required documents and policies in place, such as a conflict of interest and whistleblower policy. Additionally, the organization has a strong program expense ratio of 89.14%, reflecting its dedication to channeling funds toward its mission rather than administrative costs.
However, there are areas for improvement, such as the liabilities to assets ratio, which stands at 59.64%. This suggests that while the foundation is managing its assets reasonably well, there could be potential challenges regarding financial leverage. Overall, the foundation presents a commendable profile with its strong governance and financial practices, although stakeholders may want to monitor its financial stability.
This AI summary has been generated from information found on Charity Navigator.
Is Clarion University Foundation Inc legitimate?
Clarion University Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Clarion 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $207,231
Professional Fundraising Fees: $0
Other Salaries and Wages: $163,675
For more financial information, click here
Official website here: www.pennwest.edu
What is the mission statement of Clarion University Foundation Inc?
The Clarion University Foundation Inc's mission is to provide essential and appropriate financial and other support to enhance the well-being of Clarion University and its entire community. This mission is aimed at strengthening the university and its community as a whole. One of the activities undertaken by the foundation to achieve this goal is the development of residential buildings on the university campus, offering living quarters for students. These student housing projects include Reinhard Villages, Phase I and Phase II of the Student Housing Project at Clarion University of PA's on-campus residence halls suites.
Official website here: www.pennwest.edu
What is the revenue of Clarion University Foundation Inc?
Clarion University Foundation Inc's revenue in 2024 was $5,975,115.
Official website here: www.pennwest.edu
Who are the executives of Clarion University Foundation Inc and what are their salaries?
The average compensation at Clarion University Foundation Inc during 2024 was $61,818. There are 6 employees and 83 volunteers at Clarion University Foundation Inc.
Here are 19 key members and their salaries:
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- Compensation: $35,962
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- Other: $946
- Compensation: $116,961
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- Other: $22,673
Official website here: www.pennwest.edu
Where can I find the form 990 for Clarion University Foundation Inc?
Clarion University Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.pennwest.edu
Learn more at the official website: www.pennwest.edu
Mission Statement of Clarion University Foundation Inc
Clarion University Foundation Inc is committed to providing necessary and appropriate financial and other support to enhance the well-being of Clarion University and its entire community. In essence, the foundation's mission is to bolster the university's strength and positively impact the lives of its students and faculty.
One of the primary ways Clarion University Foundation Inc accomplishes this mission is through its involvement in student housing. The foundation manages several programs, including Reinhard Villages, the Student Housing Project at Clarion University of PA On-Campus Residence Halls Suites - Phase I, and the Student Housing Project at Clarion University of PA On-Campus Residence Halls Suites - Phase II. These initiatives provide residential buildings on the university campus, offering living quarters for university students. Through these efforts, the foundation contributes to the overall living experience of the Clarion University community.
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Impact
October, 2024
Clarion University Foundation Inc significantly strengthens the Clarion University community by providing essential financial and support resources. Its initiatives, including the Reinhard Villages and the on-campus residence halls projects, enhance student living conditions by offering quality housing options. These developments not only address the immediate needs of students but also contribute to a vibrant campus environment, fostering a sense of community and belonging. By investing in infrastructure and programs that improve the student experience, the Foundation plays a crucial role in the overall well-being and success of Clarion University, promoting educational excellence and community engagement.
This information is meant to be a general summary of Clarion 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 2024.
- Investment Income: $65,627
- Program Service Revenue: $4,004,016
- Gross Receipts: $6,086,634
Assets and Liabilities:
- Total Assets: $152,611,961
- Total Liabilities: $94,431,683
- Net Assets: $58,180,278
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STUDENT HOUSING
Revenue
$3,489,229
FUNDRAISING SERVICES
Revenue
$340,000
PROJECT INCOME
Revenue
$171,807
COMMISSIONS
Revenue
$2,980
Organization Details
Founding Year
1933
Principal Officer
Max R Smith
Website
www.pennwest.eduNTEE Category
Code: B110 - Education
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