Overview
What is Cleveland State University Foundation?
The Cleveland State University Foundation (CSUF) is a non-profit organization headquartered in Cleveland, Ohio, registered under the state's laws and recognized as tax-exempt under section 501(C)(3) of the Internal Revenue Code. The CSUF serves Cleveland State University (CSU) by soliciting and managing charitable donations to enhance its academic and research capabilities. The Foundation's board of directors, consisting of volunteers, governs the organization, and its financial records undergo annual audits. The CSUF primarily generates private support for CSU through donations, which are categorized as restricted or unrestricted. Unrestricted gifts contribute to the University's priorities, while restricted gifts are earmarked for specific purposes. The CSUF manages both endowment and current-use funds, with the former being invested by professional fund managers for maximum yield. The endowment funds provide financial support to various aspects of CSU, including general operations, academic colleges, the School of Nursing, Athletics, and the library. In the 2022 fiscal year, the CSUF received $21.8 million in new donations and pledges, with a significant portion dedicated to scholarships. The University's student body is diverse, with 30% of students belonging to underrepresented minority populations and over 40% being the first in their families to attend college. Over half of undergraduates receiving federal aid qualify for the maximum amount, and 88% of first-time, full-time freshmen depend on financial assistance. The CSUF's mission is to advance and benefit CSU and its students and faculty by providing financial aid and grants.
Official website here: www.supportcsu.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 97%, Four-Star out of Four Star rating.
The Cleveland State University Foundation has demonstrated an exceptional level of accountability and financial management, reflected in its impressive overall score, which is entirely derived from its Accountability & Finance rating. Key strengths include a fully independent board of directors and solid financial oversight, indicated by the absence of material diversion of assets and meticulous documentation practices.
The foundation excels in program expense ratios, with a remarkable 92.38%, showcasing its commitment to allocating resources effectively towards its mission. Additionally, the organization has a commendable working capital ratio, ensuring financial stability with over eight years of working capital available.
However, it should be noted that the foundation's fundraising efficiency ratio reflects a significant area for improvement, scoring $0.01, which may indicate challenges in fundraising practices. Overall, the Cleveland State University Foundation is recognized for its strong governance and financial health, despite this notable limitation in fundraising effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Cleveland State University Foundation legitimate?
Cleveland State University Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cleveland 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: $0
For more financial information, click here
Official website here: www.supportcsu.org
What is the mission statement of Cleveland State University Foundation?
The Cleveland State University Foundation (CSUF) is a non-profit organization dedicated to raising, receiving, and managing private gifts for the betterment of Cleveland State University (CSU) and its students and faculty. Its mission is to enhance access to higher education and improve its quality by providing financial aid and grants. The CSUF is governed by an independent board of directors and maintains private fund accounts for endowment and current use. Unrestricted gifts can be used for various university priorities, while restricted gifts are allocated for specific purposes as directed. In the fiscal year 2022, the Foundation received over $21.8 million in new gifts and pledges, including $9.9 million for scholarships. With over 30% of students from underrepresented minority populations and more than 40% of undergraduates being the first in their families to attend college, the Foundation plays a crucial role in supporting underprivileged students.
Official website here: www.supportcsu.org
Who is the CEO of Cleveland State University Foundation?
Julie M Rehm Phd is the Chair of Cleveland State University Foundation.
Official website here: www.supportcsu.org
What is the revenue of Cleveland State University Foundation?
Cleveland State University Foundation's revenue in 2022 was $22,631,479.
Official website here: www.supportcsu.org
Who are the executives of Cleveland State University Foundation and what are their salaries?
There 47 volunteers at Cleveland State University Foundation.
Here are 39 key members and their salaries:
- 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
- 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: $286,716
- Other: $38,119
Official website here: www.supportcsu.org
Where can I find the form 990 for Cleveland State University Foundation?
Cleveland State University Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.supportcsu.org
Learn more at the official website: www.supportcsu.org
Mission Statement of Cleveland State University Foundation
The Cleveland State University Foundation (CSUF) is a non-profit organization dedicated to supporting and enhancing the educational experience at Cleveland State University (CSU). Established under Ohio law and recognized as tax-exempt under section 501(C)(3) of the Internal Revenue Code, the Foundation's primary mission is to raise, manage, and allocate private funds for the betterment of CSU and its students and faculty. The Foundation does not rely on public funds for its operations and instead depends on charitable donations to create opportunities for the University that would otherwise be unavailable.
The Cleveland State University Foundation serves as a crucial partner to CSU by providing financial aid and grants, allowing the institution to improve access to higher education and enhance the quality of its programs. The Foundation's board of directors, comprised of volunteers and ex-officio members, including the University president, governs its activities. The Foundation's financial records undergo annual audits by independent auditors to ensure transparency and accountability.
Gifts to the Foundation are categorized into unrestricted and restricted funds. Unrestricted funds can be used for University priorities not supported by other sources of revenue, while restricted funds are directed towards specific purposes, such as academic departments or scholarships. Annually, the Foundation receives millions of dollars in new gifts and pledges, with a significant portion allocated towards scholarships. The Foundation manages these funds responsibly, investing them for maximum yield and minimum risk under the guidance of its investment committee. The endowment funds generated from these investments support various aspects of the University, including general operations, academic colleges, the School of Nursing, Athletics, and the library.
In summary, the Cleveland State University Foundation plays a vital role in advancing Cleveland State University by raising, managing, and allocating private funds for the benefit of the University and its students and faculty. Its activities are guided by a mission to improve access to higher education and its quality by providing financial aid and grants, ultimately creating opportunities and resources that extend beyond the reach of public funding.
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
Cleveland State University Foundation (CSUF) significantly enhances the educational experience and opportunities at Cleveland State University (CSU) through robust private fundraising efforts. By raising, receiving, and managing private gifts, the Foundation plays a crucial role in creating a margin of excellence that complements state funding and support.
The impact of CSUF is evident in its commitment to improving access to higher education, particularly for underrepresented communities. With 30% of CSU students from underrepresented minority populations and over 40% being first-generation college students, the Foundation’s initiatives, including the provision of nearly $10 million for scholarships in fiscal year 2022, directly support these students in overcoming financial barriers.
CSUF manages both restricted and unrestricted gifts, allocating resources to a variety of programs and services that would otherwise lack funding. By fostering a culture of giving, the Foundation ensures that vital resources are available for faculty advancements, academic departments, and essential student services. The Foundation’s endowment funds are prudently invested, contributing to the long-term stability and growth of university resources.
Through its independent board of directors and annual auditing, CSUF maintains transparency and accountability, reinforcing trust among donors. Overall, the Cleveland State University Foundation is integral to the mission of CSU, enhancing the quality and accessibility of education for thousands of students, thereby fostering a more educated and equitable society.
This information is meant to be a general summary of Cleveland 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: $5,341,179
- Program Service Revenue: $43,482
- Gross Receipts: $24,522,678
Assets and Liabilities:
- Total Assets: $125,849,909
- Total Liabilities: $9,182,892
- Net Assets: $116,667,017
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Endowment Management Fee
Revenue
$43,482
Organization Details
Founding Year
1969
Phone
(216) 687-5522Principal Officer
Julie M Rehm Phd
Main Address
2121 Euclid Avenue UN 501, Cleveland, OH, 441152214
Website
www.supportcsu.orgNTEE Category
Code: B43I - Education
If you are a representative of Cleveland 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.