Overview
What is Usc Upstate Capital Development Foundation Inc?
Usc Upstate Capital Development Foundation Inc is a nonprofit organization based in Spartanburg, South Carolina. It is affiliated with the University of South Carolina Upstate and its primary mission is to manage and administer real property on behalf of the university, serving its educational objectives. The foundation's responsibilities include owning, leasing, selling, or transferring real estate and capital developments. It also engages in various lawful activities to support the University of South Carolina Upstate and the University of South Carolina Upstate Foundation, furthering their goals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 78% (Three-Star out of Four Star rating)
The Usc Upstate Capital Development Foundation Inc has received a Three-Star rating from Charity Navigator, with an overall score of 78%. This rating reflects a strong emphasis on accountability and finance, with a perfect score for having a majority of independent board members and no material diversion of assets. Additionally, the organization has established a conflict of interest policy, whistleblower policy, and maintains proper document retention practices.
The foundation demonstrates commendable financial health with a liabilities to assets ratio of 0.00%, indicating no debt. However, while the overall accountability is strong, the program expense ratio stands at 57.51%, which could raise questions about the effectiveness of the funds allocated directly to programs versus administrative costs. Enhancing this ratio could improve their overall rating and demonstrate a more significant impact in their charitable efforts.
In summary, the Usc Upstate Capital Development Foundation Inc shows a solid commitment to transparency and governance, but there is room for improvement in program spending efficiency. Donors might want to consider these factors when evaluating the organization for support.
This AI summary has been generated from information found on Charity Navigator.
Is Usc Upstate Capital Development Foundation Inc legitimate?
Usc Upstate Capital Development Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Usc Upstate Capital Development 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Usc Upstate Capital Development Foundation Inc?
The Usc Upstate Capital Development Foundation Inc's mission is centered around the ownership, management, and utilization of real estate and capital developments. These resources are intended for the benefit of the University of South Carolina Upstate and the University of South Carolina Upstate Foundation. The corporation is also authorized to engage in any lawful activities that align with its purpose, as established by the organizing act.
Who is the CEO of Usc Upstate Capital Development Foundation Inc?
Rj Gimbl is the Chair of Usc Upstate Capital Development Foundation Inc.
What is the revenue of Usc Upstate Capital Development Foundation Inc?
Usc Upstate Capital Development Foundation Inc's revenue in 2022 was $0.
Who are the executives of Usc Upstate Capital Development Foundation Inc and what are their salaries?
There 6 volunteers at Usc Upstate Capital Development Foundation Inc.
Here are 10 key members and their salaries:
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- Related: $121,332
- Other: $42,011
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Where can I find the form 990 for Usc Upstate Capital Development Foundation Inc?
Usc Upstate Capital Development Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Usc Upstate Capital Development Foundation Inc
Usc Upstate Capital Development Foundation Inc is an organization with a unique mission. Its primary purpose is to manage, lease, sell, convey, and transfer real estate and other capital developments for the benefit of the University of South Carolina Upstate and the University of South Carolina Upstate Foundation. The corporation is authorized to engage in any lawful act or activity that aligns with its objectives, as outlined in the relevant act. In essence, Usc Upstate Capital Development Foundation Inc serves as a facilitator, utilizing capital developments to support the University of South Carolina Upstate and its foundation, thereby contributing positively to their operations.
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Impact
October, 2024
Usc Upstate Capital Development Foundation Inc significantly impacts the University of South Carolina Upstate by managing and developing real estate and capital projects that directly support the university's educational mission. By owning, leasing, and conveying properties, the Foundation facilitates the growth and enhancement of university resources, providing essential infrastructure and facilities that benefit students, faculty, and the broader community.
Through its activities, the Foundation ensures that the university can effectively meet the needs of its educational programs while supporting future developments that align with its strategic goals. This commitment to real estate management not only enhances the university's capacity to deliver quality education but also fosters a sustainable environment for learning and community engagement in Spartanburg, South Carolina. The Foundation plays a crucial role in creating opportunities for students and staff, fostering an environment where educational pursuits can thrive.
This information is meant to be a general summary of Usc Upstate Capital Development 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 2022.
Assets and Liabilities:
- Total Assets: $40,318
- Total Liabilities: $0
- Net Assets: $40,318
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Organization Details
Founding Year
1973
Phone
(864) 503-7417Principal Officer
Rj Gimbl
Main Address
800 UNIVERSITY WAY, SPARTANBURG, SC, 29303
NTEE Category
Code: B19 - Education
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