Overview
What is Ball State University Foundation Inc?
Ball State University Foundation Inc is a nonprofit organization based in Muncie, Indiana. Their primary mission is to secure and manage funds for Ball State University to help students achieve their educational goals through scholarships and financial aid. With a team of 114 employees, they fulfill their fiduciary obligations with integrity and excellence, ensuring sustainable support for the university and its stakeholders. Their work includes obtaining, investing, and administering private gift support, promoting a culture of philanthropy, and maintaining exemplary fiscal responsibility.
Official website here: www.bsu.edu/bsufoundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 98% (Four-Star out of Four Star rating)
The Ball State University Foundation Inc has earned an impressive Four-Star rating from Charity Navigator, signaling strong performance in accountability and finance. The foundation's overall score is derived entirely from their Accountability & Finance score of 98%, which reflects their commitment to transparency and responsible financial management.
One of the organization’s notable strengths is its governance structure, with 87% of its board members being independent, indicating a strong oversight mechanism. The foundation has also received top scores in various categories, including having no material diversion of assets and a well-structured audit and oversight committee. This level of governance supports the integrity and ethical management of the nonprofit's resources.
However, while the program expense ratio stands at 67.01%, which suggests that a significant portion of their budget is allocated to programs, there may be room for improvement in this area to ensure even more funds are directed towards impact. Nonetheless, with a fundraising efficiency of just $0.12, the foundation demonstrates a highly effective approach to fundraising relative to its revenue, further contributing to its high rating.
This AI summary has been generated from information found on Charity Navigator.
Is Ball State University Foundation Inc legitimate?
Ball State University Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ball State 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: $520,291
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,312,982
For more financial information, click here
Official website here: www.bsu.edu/bsufoundation
What is the mission statement of Ball State University Foundation Inc?
The Ball State University Foundation Inc is committed to maximizing sustainable support for Ball State University. It achieves this by obtaining, investing, and administering private gift contributions. The foundation takes its fiduciary obligations seriously, ensuring prudent management of funds on behalf of the university, donors, and designated beneficiaries. The Ball State University Foundation aims to be a foundation of excellence, promoting and facilitating a culture of philanthropy, service, volunteer leadership, and exemplary fiduciary responsibility. By doing so, it supports the ongoing development of Ball State University.
Official website here: www.bsu.edu/bsufoundation
Who is the CEO of Ball State University Foundation Inc?
Jean Kramer Crosby is the President of Ball State University Foundation Inc.
Official website here: www.bsu.edu/bsufoundation
What is the revenue of Ball State University Foundation Inc?
Ball State University Foundation Inc's revenue in 2022 was $39,102,530.
Official website here: www.bsu.edu/bsufoundation
Who are the executives of Ball State University Foundation Inc and what are their salaries?
The average compensation at Ball State University Foundation Inc during 2022 was $42,397. There are 114 employees and 27 volunteers at Ball State University Foundation Inc.
Here are 39 key members and their salaries:
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- Related: $490,682
- Other: $55,302
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- Other: $24,360
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- Compensation: $210,084
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- Other: $27,473
- Compensation: $179,323
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- Other: $17,299
- Compensation: $145,467
- Related: $0
- Other: $26,191
- Compensation: $144,314
- Related: $0
- Other: $13,475
- Compensation: $133,139
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- Other: $13,095
- Compensation: $124,321
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- Other: $14,394
- Compensation: $58,149
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Official website here: www.bsu.edu/bsufoundation
Where can I find the form 990 for Ball State University Foundation Inc?
Ball State University Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bsu.edu/bsufoundation
Learn more at the official website: www.bsu.edu/bsufoundation
Mission Statement of Ball State University Foundation Inc
The Ball State University Foundation Inc is a dedicated organization with a mission to maximize sustainable support for Ball State University. It achieves this by acquiring, investing, and managing private gift contributions, while prudently fulfilling its fiduciary duties to the university, donors, and designated beneficiaries. In doing so, the Ball State University Foundation serves as a cornerstone for the continued growth and development of the university.
Embracing a culture of philanthropy, service, volunteer leadership, and exemplary fiduciary responsibility, the Ball State University Foundation strives for excellence. Its primary objective is to facilitate the ongoing evolution of Ball State University by managing and allocating donated funds effectively and ethically. By fostering a strong connection between the university and its supporters, the Foundation plays a vital role in enhancing the educational experience for students and faculty alike. Additionally, it promotes a spirit of generosity and giving, encouraging both current and future generations to engage with the institution and contribute to its success.
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Impact
October, 2024
Ball State University Foundation Inc significantly enhances the educational experience for students at Ball State University by providing crucial scholarships and financial aid. Through its efforts, the foundation maximizes sustainable support for the university, ensuring that funding is both accessible and strategically invested. This commitment not only alleviates the financial burdens on students but also fosters a thriving academic environment that encourages growth and development.
By promoting a culture of philanthropy and exemplary fiduciary responsibility, the foundation plays a vital role in the ongoing advancement of the university. It actively engages the community and donors, creating a network of support that sustains long-term development goals. The impact of these initiatives is felt throughout the university, as students are empowered to pursue their educational aspirations without the overwhelming stress of financial constraints. Ultimately, the foundation's dedication to educational excellence makes a lasting difference in the lives of countless students and contributes to the overall mission of Ball State University.
This information is meant to be a general summary of Ball State 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 2022.
- Investment Income: $2,770,407
- Gross Receipts: $115,132,017
Assets and Liabilities:
- Total Assets: $327,636,932
- Total Liabilities: $19,324,740
- Net Assets: $308,312,192
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Organization Details
Founding Year
1950
Phone
(765) 285-8312Principal Officer
Jean Kramer Crosby
Main Address
2800 W BETHEL AVENUE, MUNCIE, IN, 47304
Website
www.bsu.edu/bsufoundationNTEE Category
Code: B110 - Education
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