Overview
What is Minnesota State College Southeast Foundation?
Minnesota State College Southeast Foundation is a nonprofit organization situated in Winona, Minnesota. Over the past two decades, it has been dedicated to expanding access and reducing financial barriers to higher education. Through its scholarship program, they have awarded over $2 million in scholarships to over 2,500 students. This program is reviewed annually by a committee of community volunteers. The foundation's mission is to support Minnesota State College Southeast in achieving excellence in technical education for employment. They accomplish this by developing financial and community resources for students, employers, and communities within their service area.
Official website here: www.southeastmnedu/alumni/foundationaspx
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Stars)
Minnesota State College Southeast Foundation has received a rating of 83%, indicating a solid performance in accountability and finance. The rating is derived entirely from its Accountability & Finance score. This suggests that the organization demonstrates transparency and responsible financial management, which are key factors for potential donors and supporters.
Among the strengths highlighted, the foundation boasts a fully independent board, with all 13 members meeting the criteria for independence. It has also shown no material diversion of assets, which reflects a commitment to ethical financial practices. Additionally, the foundation maintains a high program expense ratio of 75.58%, indicating that a significant portion of its funds is directed toward its mission rather than administrative costs.
However, there are some limitations noted in the foundation's policies. While it has a conflict of interest policy and documents board meeting minutes available, it lacks a whistleblower policy and a document retention and destruction policy. These absences may raise concerns regarding the organization's procedural safeguards for staff and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Minnesota State College Southeast Foundation legitimate?
Minnesota State College Southeast Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Minnesota State College Southeast 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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Official website here: www.southeastmnedu/alumni/foundationaspx
What is the mission statement of Minnesota State College Southeast Foundation?
The Minnesota State College Southeast Foundation assists the college in achieving excellence in technical education for employment. They accomplish this by developing financial and community resources for students, employers, and communities within their service area. The foundation's scholarship program aims to increase access and affordability to higher education, having awarded over $2 million in scholarships to over 2,500 students over the past 22 years. Scholarship applications are reviewed by the foundation's scholarship committee, a group of community volunteers.
Official website here: www.southeastmnedu/alumni/foundationaspx
Who is the CEO of Minnesota State College Southeast Foundation?
Casie Johnson is the Principal Officer of Minnesota State College Southeast Foundation.
Official website here: www.southeastmnedu/alumni/foundationaspx
What is the revenue of Minnesota State College Southeast Foundation?
Minnesota State College Southeast Foundation's revenue in 2022 was $907,363.
Official website here: www.southeastmnedu/alumni/foundationaspx
Who are the executives of Minnesota State College Southeast Foundation and what are their salaries?
There 75 volunteers at Minnesota State College Southeast Foundation.
Here are 8 key members and their salaries:
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Official website here: www.southeastmnedu/alumni/foundationaspx
Where can I find the form 990 for Minnesota State College Southeast Foundation?
Minnesota State College Southeast Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.southeastmnedu/alumni/foundationaspx
Learn more at the official website: www.southeastmnedu/alumni/foundationaspx
Mission Statement of Minnesota State College Southeast Foundation
Minnesota State College Southeast Foundation is committed to assisting the college in achieving excellence in technical education for employment. They accomplish this by developing financial and community resources for students, employers, and communities within their service area. By doing so, they aim to make higher education more accessible and affordable for a large number of individuals.
Over the past 22 years, the foundation has awarded over $2 million in scholarships to over 2,500 students, demonstrating their dedication to this mission. Their scholarship program is overseen by a group of community volunteers, who review and select recipients annually. This commitment to providing financial aid allows deserving students to pursue their higher education goals and ultimately secure employment in their chosen fields.
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Impact
July, 2024
The impact of Minnesota State College Southeast Foundation is significant in promoting access and affordability to higher education through its scholarship program. Over the last 22 years, the foundation has awarded more than $2 million in scholarships to over 2,500 students. This support has enabled students to pursue technical education for employment, contributing to the development of skilled individuals for the workforce. The Foundation's efforts also engage community volunteers in reviewing scholarship applications, fostering a spirit of collaboration and support within the service area. The Foundation's work aligns with its mission to assist the college in achieving excellence in technical education, benefiting students, employers, and communities in the region.
This information is meant to be a general summary of Minnesota State College Southeast 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: $85,070
- Program Service Revenue: $61,641
- Gross Receipts: $1,206,113
Assets and Liabilities:
- Total Assets: $4,571,478
- Total Liabilities: $132,742
- Net Assets: $4,438,736
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEES
Revenue
$61,641
Organization Details
Founding Year
1999
Phone
(507) 453-2663Principal Officer
Casie Johnson
Main Address
1250 HOMER ROAD, WINONA, MN, 55987
NTEE Category
Code: B12 - Education
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