Overview
What is Shawnee State University Development Foundation?
Shawnee State University Development Foundation, a 501(C)(3) organization, is based in Portsmouth, Ohio. Its primary mission is to support and foster relationships with Shawnee State University. The foundation achieves this by providing financial aid in the form of scholarships and awards, as well as need-based loans, helping attract top students and making higher education more accessible to those who might otherwise be unable to afford it. During fiscal year 2022, the foundation distributed $250,917 in scholarship payments to enrolled students and granted $427,304 to local school districts through 21st-century grants. Additionally, the foundation provided funds to support various university projects and programs, totaling $593,304 during the same year. In summary, Shawnee State University Development Foundation serves as a vital source of financial support and advocacy for the university and its students.
Official website here: www.givetossu.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star rating)
Shawnee State University Development Foundation has received a notable rating of 97% from Charity Navigator, reflecting a strong commitment to accountability and financial management. The foundation scored exceptionally well across various metrics, indicating that it operates with a high level of transparency and integrity. Key highlights include an impressive 88% of its board members being independent, ensuring that governance is held to a high standard.
The organization demonstrates strong financial health, with a program expense ratio of 79.31%, illustrating that a significant portion of its resources is directed toward its charitable activities. Additionally, the foundation boasts remarkably low fundraising costs, with a fundraising efficiency ratio of just $0.04, which signifies that it effectively manages to minimize expenses while maximizing contributions to its mission.
There are no notable limitations indicated in the data, which suggests that Shawnee State University Development Foundation is well-managed and adheres to best practices in nonprofit governance. Overall, the foundation's strong accountability score and efficient financial practices underscore its dedication to serving its community effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Shawnee State University Development Foundation legitimate?
Shawnee State University Development Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Shawnee State University Development 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: $153,784
For more financial information, click here
Official website here: www.givetossu.com
What is the mission statement of Shawnee State University Development Foundation?
The Shawnee State University Development Foundation, established as a 501(C)(3) organization, has a mission to foster friendships and generate funds and support for Shawnee State University. This non-profit organization aims to help the university attract top students by providing financial aid in the form of scholarships and loans. Additionally, it supports local school districts through 21st-century grants, contributing a total of $427,304 during fiscal year 2022. Furthermore, the foundation contributes financially to various university projects and programs, making payments totaling $593,304 during the same fiscal year.
Official website here: www.givetossu.com
Who is the CEO of Shawnee State University Development Foundation?
Chris Moore is the Ssudf Executive Director of Shawnee State University Development Foundation.
Official website here: www.givetossu.com
What is the revenue of Shawnee State University Development Foundation?
Shawnee State University Development Foundation's revenue in 2022 was $4,963,546.
Official website here: www.givetossu.com
Who are the executives of Shawnee State University Development Foundation and what are their salaries?
The average compensation at Shawnee State University Development Foundation during 2022 was $25,631. There are 6 employees and 30 volunteers at Shawnee State University Development Foundation.
Here are 22 key members and their salaries:
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- Other: $51,547
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- Related: $102,534
- Other: $50,968
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- Related: $75,908
- Other: $35,254
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Official website here: www.givetossu.com
Where can I find the form 990 for Shawnee State University Development Foundation?
Shawnee State University Development Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.givetossu.com
Learn more at the official website: www.givetossu.com
Mission Statement of Shawnee State University Development Foundation
The Shawnee State University Development Foundation, established as a 501(c)(3) organization, has a mission centered around fostering relationships and amassing resources to support Shawnee State University. Its primary objective is to create opportunities and provide financial aid to students, enabling the institution to attract talented individuals and offer higher education to those who might otherwise be unable to afford it. The foundation accomplishes this through various means, including academic scholarships, need-based awards, and loans, which contribute towards partial tuition, fees, and other education-related expenses for enrolled students.
In addition to student financial aid, the Shawnee State University Development Foundation also funds 21st-century grants to local school districts, totaling $427,304 in fiscal year 2022. Furthermore, the foundation makes payments to the university to support various projects and programs, amounting to $593,304 during the same fiscal year. In essence, the Shawnee State University Development Foundation plays a pivotal role in advancing the educational opportunities for students and contributing to the growth and development of Shawnee State University as a whole.
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Impact
October, 2024
Shawnee State University Development Foundation significantly enhances the educational landscape for students at Shawnee State University. By providing substantial financial aid through academic scholarships, need-based scholarships, and loans, the foundation helps to attract a diverse pool of students, including those who may not have the financial means to pursue higher education.
In the fiscal year 2022 alone, the foundation made scholarship payments totaling $250,917, benefiting 111 unique recipients. This financial support directly alleviates the burden of tuition and educational expenses, facilitating access to quality education for deserving students.
Additionally, the foundation plays a crucial role in supporting local education initiatives through the distribution of 21st Century Grants, which totaled $427,304 in fiscal year 2022. Furthermore, significant investments totaling $593,304 were made to the university for various projects and programs, underscoring the foundation’s commitment to fostering growth and enhancing the academic environment at Shawnee State University.
Overall, the Shawnee State University Development Foundation strengthens the educational mission of the university, facilitates student success, and enhances community engagement through its financial support and initiatives.
This information is meant to be a general summary of Shawnee State University Development 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: $1,443,479
- Gross Receipts: $9,831,654
Assets and Liabilities:
- Total Assets: $33,302,283
- Total Liabilities: $3,779,786
- Net Assets: $29,522,497
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Organization Details
Founding Year
1987
Principal Officer
Chris Moore
Main Address
940 Second Street, Portsmouth, OH, 45662
Website
www.givetossu.comNTEE Category
Code: B110 - Education
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