Overview
What is Illinois State University Foundation?
The Illinois State University Foundation is a nonprofit organization located in Normal, Illinois, with the primary mission of managing and administering donations to enhance the educational opportunities and facilities of Illinois State University (ISU). By encouraging gifts of money and property, the foundation acts as a trustee for educational and charitable trusts and ensures the proper allocation of funds towards ISU's educational objectives. The foundation's core activity involves holding and administering gifts to serve the academic purposes of Illinois State University.
Official website here: www.advancement.illinoisstate
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 100% (Four-Star out of Four Star rating)
The Illinois State University Foundation has achieved an impressive Four-Star rating from Charity Navigator, indicating exceptional performance in accountability and finance. With a perfect score of 100%, the foundation demonstrates robust financial practices, transparency, and effective governance, including a fully independent board comprising 26 members. The organization adheres to rigorous standards, showcasing audited financial statements and comprehensive policies that promote ethical management.
One notable strength of the Illinois State University Foundation is its high program expense ratio of 77.80%, indicating that a significant portion of its funds are directed towards programming rather than administrative costs. The foundation maintains an excellent fundraising efficiency ratio of $0.05, reflecting its ability to raise funds effectively with minimal expenses. This financial health is further underscored by a low liabilities to assets ratio of 2.20%, highlighting a stable financial position.
While the rating reflects strong accountability practices and financial management, it's essential for potential donors to consider ongoing engagement and impact assessments beyond the financial metrics. Overall, the Illinois State University Foundation stands out as a well-managed organization committed to its mission, with a strong focus on transparency and accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Illinois State University Foundation legitimate?
Illinois State University Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Illinois 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:
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For more financial information, click here
Official website here: www.advancement.illinoisstate
What is the mission statement of Illinois State University Foundation?
The Illinois State University Foundation serves a crucial role in administering donations with the primary objective of enhancing the educational purposes of Illinois State University. The foundation holds and manages gifts, acting as a trustee for educational and charitable trusts, and administers grants, loans, and other forms of financial support. Its mission is geared towards expanding educational opportunities and improving university facilities to benefit students, alumni, and citizens both within the state and nationally. Through this work, the Illinois State University Foundation plays an essential part in encouraging charitable contributions to advance the academic pursuits of the university.
Official website here: www.advancement.illinoisstate
What is the revenue of Illinois State University Foundation?
Illinois State University Foundation's revenue in 2023 was $21,407,947.
Official website here: www.advancement.illinoisstate
Who are the executives of Illinois State University Foundation and what are their salaries?
Here are 31 key members and their salaries:
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Official website here: www.advancement.illinoisstate
Where can I find the form 990 for Illinois State University Foundation?
Illinois State University Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.advancement.illinoisstate
Learn more at the official website: www.advancement.illinoisstate
Mission Statement of Illinois State University Foundation
The Illinois State University Foundation serves as a crucial entity in supporting the educational pursuits of Illinois State University. With a primary objective to hold and administer gifts, the Foundation plays an essential role in enhancing the opportunities and facilities available at the university. By encouraging donations of money and property, the Foundation acts as a trustee of educational and charitable trusts, administering grants, loans, and gifts to further serve the students, alumni, and citizens of the state and nation. Through its mission, the Illinois State University Foundation contributes significantly to Illinois State University, helping it develop and expand, ultimately benefiting those it serves.
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Impact
October, 2024
The Illinois State University Foundation significantly enhances educational opportunities and facilities for students, alumni, and citizens. By holding and administering gifts, it focuses on serving the educational mission of Illinois State University. This includes encouraging contributions of money and property, which directly support a wide array of programs and initiatives aimed at enriching the educational experience.
Through its efforts, the foundation acts as a trustee of educational or charitable trusts, managing and distributing gifts, grants, and loans to ensure they are utilized effectively. The impact of its work can be seen in the improved resources available to the university, fostering a learning environment that empowers students and contributes to their success. Ultimately, the foundation plays a crucial role in developing both the academic and infrastructural landscape of Illinois State University, benefiting the broader community in the state and beyond.
This information is meant to be a general summary of Illinois 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: $601,232
- Program Service Revenue: $83,644
- Gross Receipts: $112,848,892
Assets and Liabilities:
- Total Assets: $265,502,010
- Total Liabilities: $4,180,064
- Net Assets: $261,321,946
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OTHER EVENTS/DEPT RCPTS
Revenue
$83,644
Organization Details
Founding Year
1948
Principal Officer
Jill Wilberg
NTEE Category
Code: B110 - Education
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