Overview
What is St Cloud State University Foundation Inc?
St. Cloud State University Foundation Inc is a nonprofit organization based in St. Cloud, Minnesota, situated at 720 Fourth Avenue South, 56301. Its primary mission is to support the students, faculty, and staff of St. Cloud State University by engaging alumni and friends in funding the institution's mission, programs, and goals. Through charitable gifts, the foundation provides scholarship funds, awarding over 1,000 scholarships to over 1,000 deserving students annually. As a highly accredited, affordable, and diverse educational institution, St. Cloud State University offers excellent education in a comprehensive setting, with key areas of support including scholarships, faculty, programs, facilities, and equipment.
Official website here: www.stcloudstate.edu/foundation
What are the reviews and ratings of this charity?
**Charity Navigator Rating: 76% (Three-Star out of Four Star Rating)**
The St Cloud State University Foundation Inc has earned a Three-Star rating from Charity Navigator, reflecting a solid level of accountability and finance management. This rating is primarily based on their exceptional performance in the Accountability & Finance category, where they scored well due to having a wholly independent board and well-managed financial documentation processes.
The organization demonstrates strong governance practices by having a complete independent board and maintaining essential policies like conflict of interest. However, there are notable areas for improvement, particularly in their lack of whistleblower and document retention policies. Additionally, while they have a healthy ratio of program expenses, there is room for growth in how effectively they allocate resources towards their programs.
User reviews from GreatNonprofits are currently unavailable, limiting the insights into individual experiences with the organization. Overall, while the Foundation shows strengths in governance and financial accountability, it may still need to address specific operational gaps to enhance its overall impact.
This AI summary has been generated from information found on Charity Navigator.
Is St Cloud State University Foundation Inc legitimate?
St Cloud State University Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Cloud 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: $218,209
Professional Fundraising Fees: $46,992
Other Salaries and Wages: $1,018,205
For more financial information, click here
Official website here: www.stcloudstate.edu/foundation
What is the mission statement of St Cloud State University Foundation Inc?
The mission of St Cloud State University Foundation Inc is to support the students, faculty, and staff of St. Cloud State University through charitable gifts. They engage interested alumni and friends to contribute towards the university's mission, programs, and goals. St. Cloud State University is a highly accredited, comprehensive institution that offers excellent education at an affordable price for a diverse student body. The foundation's key areas of support include scholarships, faculty, programs, facilities, and equipment.
Official website here: www.stcloudstate.edu/foundation
Who is the CEO of St Cloud State University Foundation Inc?
Nicholas Katona is the Principal Officer of St Cloud State University Foundation Inc.
Official website here: www.stcloudstate.edu/foundation
What is the revenue of St Cloud State University Foundation Inc?
St Cloud State University Foundation Inc's revenue in 2022 was $10,818,973.
Official website here: www.stcloudstate.edu/foundation
Who are the executives of St Cloud State University Foundation Inc and what are their salaries?
There 50 volunteers at St Cloud State University Foundation Inc.
Here are 20 key members and their salaries:
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Official website here: www.stcloudstate.edu/foundation
Where can I find the form 990 for St Cloud State University Foundation Inc?
St Cloud State University Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.stcloudstate.edu/foundation
Learn more at the official website: www.stcloudstate.edu/foundation
Mission Statement of St Cloud State University Foundation Inc
St. Cloud State University Foundation Inc exists to support the students, faculty, and staff of St. Cloud State University through charitable gifts. In essence, the foundation's mission is to engage interested alumni and friends in backing the university's mission, programs, and goals. St. Cloud State University, a highly accredited regional comprehensive university, is renowned for providing high-quality education at an affordable price to a diverse student body. The foundation's key areas of support include scholarships, faculty, programs, facilities, and equipment. By doing so, the St. Cloud State University Foundation Inc plays a crucial role in contributing to the university's growth and success.
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Impact
July, 2024
St Cloud State University Foundation Inc's impact is significant in supporting the students, faculty, and staff at St. Cloud State University. Through charitable gifts, the foundation provides scholarship funds to the university, enabling over 1,000 scholarships to be awarded to deserving students. This support plays a crucial role in ensuring that students have access to quality education at an affordable price, ultimately benefiting a diverse student body. The foundation's engagement of alumni and friends in supporting the university's mission, programs, and goals further enhances its impact in key areas such as scholarships, faculty, programs, facilities, and equipment.
This information is meant to be a general summary of St Cloud 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: $2,722,441
- Gross Receipts: $16,158,073
Assets and Liabilities:
- Total Assets: $54,919,652
- Total Liabilities: $1,624,429
- Net Assets: $53,295,223
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Organization Details
Founding Year
1958
Phone
(320) 308-3177Principal Officer
Nicholas Katona
Main Address
720 FOURTH AVENUE SOUTH, ST CLOUD, MN, 56301
NTEE Category
Code: B110 - Education
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