Overview
What is Lake Superior State University Foundation?
The Lake Superior State University Foundation is a dedicated nonprofit organization situated in Sault Ste Marie, Michigan. Its primary role is to foster, receive, manage, and distribute private donations and contributions, all aimed at benefiting Lake Superior State University. By doing so, the foundation aims to contribute positively to the university's growth and development.
Official website here: www.foundation.lssu.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating 92% - Four-Star out of Four Star Rating
The Lake Superior State University Foundation has earned a commendable Four-Star rating on Charity Navigator, indicating a high level of accountability and financial health. The score is derived entirely from its strong performance in the Accountability & Finance category, reflecting a robust oversight structure, a fully independent board, and effective financial management practices.
User feedback highlights the foundation's positive impact on students, with reviews praising the support provided for student-centered projects that enhance learning experiences. Donors express a strong belief in the foundation's mission to empower students, acknowledging that the funding allows them to undertake significant work and achieve personal growth.
However, while the foundation demonstrates excellent financial ratios and transparency in various areas, it was noted that they are missing a whistleblower policy, which could enhance their governance framework. Despite this minor limitation, the overall feedback and ratings suggest that the foundation is effectively fulfilling its mission to support students at Lake Superior State University.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
What do the Facebook reviews say about Lake Superior State University Foundation?
90% of 17 reviewers on Facebook recommend the Lake Superior State University Foundation. Here's a summary of their reviews:
The experiences shared by attendees indicate a mixed sentiment regarding recent events organized by the foundation. While the foundation has a solid recommendation rate, one reviewer expressed disappointment about a senior sendoff event where they felt neglected and observed that the staff appeared more focused on their own gathering than on engaging with seniors. This individual's experience highlights a concern about inclusivity and the nature of event organization.
Overall, while many may appreciate the initiatives by the foundation, the feedback suggests that there's room for improvement in ensuring that all participants feel welcomed and valued during events. Engaging better with attendees could enhance future gatherings and solidify the positive reputation of the nonprofit.
This AI summary has been generated from reviews found on Facebook.
Is Lake Superior State University Foundation legitimate?
Lake Superior State University Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Superior 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: $108,338
Professional Fundraising Fees: $0
Other Salaries and Wages: $147,081
For more financial information, click here
Official website here: www.foundation.lssu.edu
What is the mission statement of Lake Superior State University Foundation?
The Lake Superior State University Foundation's mission is centered around promoting, receiving, managing, and distributing donations and contributions with the primary objective of benefiting Lake Superior State University. The foundation serves to enhance the university's resources and capabilities through the management of private contributions. Its role is crucial in supporting the educational and developmental needs of the university, contributing to its overall growth and success.
Official website here: www.foundation.lssu.edu
Who is the CEO of Lake Superior State University Foundation?
Scott P Smith is the Secretary Of Board/Coord Donor Relations of Lake Superior State University Foundation.
Official website here: www.foundation.lssu.edu
What is the revenue of Lake Superior State University Foundation?
Lake Superior State University Foundation's revenue in 2023 was $3,637,982.
Official website here: www.foundation.lssu.edu
Who are the executives of Lake Superior State University Foundation and what are their salaries?
Here are 24 key members and their salaries:
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Official website here: www.foundation.lssu.edu
Where can I find the form 990 for Lake Superior State University Foundation?
Lake Superior State University Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.foundation.lssu.edu
Learn more at the official website: www.foundation.lssu.edu
Mission Statement of Lake Superior State University Foundation
The Lake Superior State University Foundation's primary role is to advance and support Lake Superior State University by collecting, managing, and distributing donations and contributions. This nonprofit organization is dedicated to enhancing the university's wellbeing through the strategic use of philanthropic contributions. By promoting donations and ensuring their effective management and distribution, the Lake Superior State University Foundation plays a crucial role in fostering the growth and development of the university.
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Impact
July, 2024
Lake Superior State University Foundation's impact lies in its crucial role in supporting Lake Superior State University's mission and goals. By promoting, receiving, managing, and disbursing donations and contributions, the Foundation enables the university to enhance its educational offerings, support students, and advance research initiatives. This contribution is vital in fostering academic excellence and ensuring the long-term sustainability of Lake Superior State University as a prominent educational institution in Sault Ste. Marie, MI.
This information is meant to be a general summary of Lake Superior 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: $913,696
- Gross Receipts: $3,809,420
Assets and Liabilities:
- Total Assets: $25,784,435
- Total Liabilities: $45,750
- Net Assets: $25,738,685
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Organization Details
Founding Year
1983
Phone
(906) 635-2665Principal Officer
Scott P Smith
Main Address
650 West Easterday Avenue, Sault Ste Marie, MI, 49783
Website
www.foundation.lssu.eduNTEE Category
Code: B43I - Education
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