Overview
What is Youngstown State University Foundation?
The Youngstown State University Foundation is an independent, self-governing, non-profit organization based in Youngstown, Ohio. With a team of 24 employees, it raises and manages funds to support scholarships and student initiatives, as well as the growth and development of Youngstown State University (YSU). The Foundation serves as a catalyst for advancing YSU, the Youngstown community, and Northeastern Ohio by offering over $16.3 million in annual scholarship aid. Its mission includes providing programmatic support to YSU, with initiatives such as the Minority Scholarship Match Program and the Student Investment Fund. The Foundation's match program has attracted over $2,269,267 in gifts, increasing YSU's student diversity. In addition, it grants funds to YSU for lectures, symposiums, and departmental operations.
Official website here: www.ysufoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%, Four-Star out of Four Stars
The Youngstown State University Foundation has achieved an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The organization's score reflects its commitment to transparency and responsible financial management, as it garners a perfect score in the Accountability & Finance category.
One of the notable strengths of the foundation is its governance structure, boasting 100% independent board members and a large board size, which enhances its decision-making and oversight capabilities. Furthermore, the lack of material diversion of assets and the presence of robust policies, such as conflict of interest and whistleblower protections, underscore its commitment to ethical practices.
While the foundation excels in financial metrics, including an exceptional program expense ratio of 87.18% and a minimal liabilities to assets ratio of 3.54%, these figures suggest that it effectively allocates resources toward its mission. Overall, the Youngstown State University Foundation stands out for its strong fiscal management and commitment to its supporters and beneficiaries.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Youngstown State University Foundation?
Although the Youngstown State University Foundation currently lacks a plethora of ratings, recent reviews provide positive insights into its operations. One reviewer describes the foundation as a "good organization" and commends its efficient management, demonstrating it as a valuable asset to the university community.
The sentiments expressed suggest that there is a solid foundation of trust and appreciation for the organization among its supporters. As it continues to grow and receive more reviews, the positive feedback hints at a promising reputation in effectively supporting the university's mission.
This AI summary has been generated from reviews found on Facebook.
Is Youngstown State University Foundation legitimate?
Youngstown State University Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Youngstown 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: $293,250
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,035,585
For more financial information, click here
Official website here: www.ysufoundation.org
What is the mission statement of Youngstown State University Foundation?
The Youngstown State University Foundation is dedicated to supporting and enhancing educational programs at Youngstown State University, primarily through the provision of scholarships and programmatic support. This independent, non-profit organization aims to advance YSU by managing and distributing resources, acting as a catalyst for growth and development, and serving as a crucial source of opportunity and excellence for students and university initiatives. The YSU Foundation provides over $16.3 million in annual scholarship aid, including initiatives like the Minority Scholarship Match Program and the Student Investment Fund, which have attracted significant donations and increased diversity among students. Additionally, the Foundation grants funds to YSU for lectures, symposiums, and departmental operations.
Official website here: www.ysufoundation.org
Who is the CEO of Youngstown State University Foundation?
Paul Mcfadden is the Chair/Trustee of Youngstown State University Foundation.
Official website here: www.ysufoundation.org
What is the revenue of Youngstown State University Foundation?
Youngstown State University Foundation's revenue in 2023 was $28,980,786.
Official website here: www.ysufoundation.org
Who are the executives of Youngstown State University Foundation and what are their salaries?
The average compensation at Youngstown State University Foundation during 2023 was $55,368. There are 24 employees and 41 volunteers at Youngstown State University Foundation.
Here are 47 key members and their salaries:
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Official website here: www.ysufoundation.org
Where can I find the form 990 for Youngstown State University Foundation?
Youngstown State University Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.ysufoundation.org
Learn more at the official website: www.ysufoundation.org
Mission Statement of Youngstown State University Foundation
The Youngstown State University Foundation is a devoted non-profit organization that supports, expands, and develops educational programs at Youngstown State University (YSU). Established as an independent, autonomous entity, it pursues, manages, and distributes resources to provide scholarships and student initiatives, ultimately contributing to the growth and development of YSU. The Foundation serves as a catalytic force for the advancement of YSU, the Youngstown community, and Northeastern Ohio. It aims to be a critical source of support, opportunity, and excellence for YSU students and university programs.
In the competitive landscape of higher education, access to scholarships is crucial. The Youngstown State University Foundation has historically provided over $16.3 million in annual scholarship aid, enabling students to attend YSU. Two of the Foundation's significant initiatives are the Minority Scholarship Match Program and the Student Investment Fund. For over a decade, the Foundation has matched all gifts to minority scholarships, which has attracted over $2,269,267 in gifts. This initiative has increased the diversity of YSU's student body, allowing a more inclusive learning environment. Additionally, the Foundation provides grants to YSU for lectures, symposiums, and the operations of various departments and centers. Through these efforts, the Youngstown State University Foundation continues to enhance the university experience for students.
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Impact
October, 2024
The Youngstown State University Foundation significantly enhances the educational landscape at Youngstown State University (YSU) and the surrounding community. By providing over $16.3 million in annual scholarship aid, the foundation plays a pivotal role in increasing access to higher education for students, particularly through initiatives like the Minority Scholarship Match Program, which has successfully attracted over $2.26 million in donations to bolster the diversity of the student body.
In addition to scholarships, the foundation supports a variety of student initiatives and university programs, contributing grants for lectures, symposiums, and departmental operations that enrich the academic experience. By acting as a catalyst for advancement, the foundation not only fosters educational excellence at YSU but also aids in the overall growth and development of the Youngstown community and Northeast Ohio. Its commitment to educational access and community support makes a lasting impact, ensuring that students have the resources and opportunities necessary to succeed.
This information is meant to be a general summary of Youngstown 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 2023.
- Investment Income: $13,142,972
- Gross Receipts: $105,069,641
Assets and Liabilities:
- Total Assets: $333,927,994
- Total Liabilities: $11,831,468
- Net Assets: $322,096,526
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Organization Details
Founding Year
1966
Phone
(330) 941-3211Principal Officer
Paul Mcfadden
Main Address
655 WICK AVENUE, YOUNGSTOWN, OH, 44502
Website
www.ysufoundation.orgNTEE Category
Code: B11 - Education
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