Overview
What is Csulb 49Er Foundation?
The Csulb 49Er Foundation, based at California State University, Long Beach, is a philanthropic organization dedicated to raising and managing funds for the betterment of the university. With a mission to promote philanthropy, the foundation manages donated resources to support CSULB students, faculty, and programs as designated by donors. During the reporting period, over 2,000 students received scholarships from the foundation. Acting as the primary channel for charitable giving to CSULB, the foundation processes and distributes donations to various student scholarships, classroom experiences, faculty, and programs. Additionally, the foundation supports facility enhancements, including the Alumni and Visitors Center and other high-priority projects.
Official website here: www.csulb.edu/49er-foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Star rating)
The Csulb 49Er Foundation has achieved a perfect score of 100%, indicating exceptional standards in accountability and finance. This top rating reflects the organization's commitment to transparency and sound financial management, with no material diversions of assets reported and a clear conflict of interest policy in place.
Strengths highlighted include an independent board with full compliance in terms of governance, as well as strong financial ratios that underscore efficiency and sustainability. The foundation has a program expense ratio of 85.37%, indicating that a significant portion of funds is directed towards programs rather than administrative costs. Additionally, the fundraising efficiency is notably high, with minimal costs incurred to raise funds.
While the overall assessment is overwhelmingly positive, it is essential to maintain vigilance in financial practices and governance as the organization continues its operations. The Csulb 49Er Foundation demonstrates a robust framework that supports its mission, making it a trustworthy choice for donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Csulb 49Er Foundation legitimate?
Csulb 49Er Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Csulb 49Er 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,271,813
For more financial information, click here
Official website here: www.csulb.edu/49er-foundation
What is the mission statement of Csulb 49Er Foundation?
The CSULB 49er Foundation functions as the philanthropic organization for California State University, Long Beach. Its mission is to encourage charitable giving and manage donated resources for the betterment of the university. The foundation processes and assigns donations towards student scholarships, faculty and programs, as well as facility enhancements, as per donor specifications. The CSULB 49er Foundation continues its efforts to secure funds for student scholarships and programmatic grants, in addition to supporting capital projects like the Alumni and Visitors Center and other high priority initiatives.
Official website here: www.csulb.edu/49er-foundation
Who is the CEO of Csulb 49Er Foundation?
Scott Apel is the Director (Csulb President) of Csulb 49Er Foundation. The CEO's salary of Csulb 49Er Foundation is $0 and their total compensation is $275,466.
Official website here: www.csulb.edu/49er-foundation
What is the revenue of Csulb 49Er Foundation?
Csulb 49Er Foundation's revenue in 2022 was $37,179,271.
Official website here: www.csulb.edu/49er-foundation
Who are the executives of Csulb 49Er Foundation and what are their salaries?
There 25 volunteers at Csulb 49Er Foundation.
Here are 27 key members and their salaries (Csulb 49Er Foundation's CEO's salary is $0 and their total compensation is $275,466):
- Compensation: $0
- Related: $370,653
- Other: $134,297
- Compensation: $0
- Related: $252,510
- Other: $110,589
- Compensation: $0
- Related: $196,974
- Other: $83,982
- Compensation: $0
- Related: $186,300
- Other: $84,445
- Compensation: $0
- Related: $198,561
- Other: $76,905
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- Other: $0
- Compensation: $0
- Related: $235,986
- Other: $70,241
Official website here: www.csulb.edu/49er-foundation
Where can I find the form 990 for Csulb 49Er Foundation?
Csulb 49Er Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.csulb.edu/49er-foundation
Learn more at the official website: www.csulb.edu/49er-foundation
Mission Statement of Csulb 49Er Foundation
The Csulb 49Er Foundation is a philanthropic organization dedicated to promoting charitable giving and managing donated resources for California State University, Long Beach (CSULB). Acting as the university's primary source for private support, it processes and disburses funds donated by benefactors to benefit students, faculty, and programs as designated by the donors.
The CSULB 49Er Foundation plays a crucial role in securing and managing resources for CSULB. All donations intended for the university's students, faculty, and programs are processed through this foundation. These funds contribute significantly to student scholarships, enhancing classroom experiences, and supporting faculty and programs at CSULB. Moreover, the Foundation also invests in capital projects, such as the Alumni and Visitors Center and other high-priority initiatives. In the year ahead, the Foundation aims to raise further funds for CSULB student scholarships, programmatic funds, and major capital projects.
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Impact
October, 2024
The impact of the Csulb 49Er Foundation is significant, primarily through its commitment to enhancing the educational experience at California State University, Long Beach. By actively promoting philanthropy, the foundation secures and manages financial resources that directly benefit students, faculty, and various university programs.
A key area of support is scholarships, with 2,060 students receiving financial assistance during a recent reporting period. This financial backing not only alleviates the burden of tuition but also empowers students to focus on their academic and professional development.
Moreover, the foundation's efforts extend to enhancing classroom experiences and supporting programmatic initiatives, which contribute to a rich learning environment. Through donations, they also facilitate critical capital projects, such as the Alumni and Visitors Center, which serves to strengthen community ties and enhance the university's resources.
Overall, the Csulb 49Er Foundation plays a vital role in fostering an environment where education can thrive, addressing the diverse needs of the university community, and ensuring that the aspirations of students and faculty alike can be realized.
This information is meant to be a general summary of Csulb 49Er 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: $7,556,019
- Gross Receipts: $138,309,072
Assets and Liabilities:
- Total Assets: $155,578,430
- Total Liabilities: $2,181,800
- Net Assets: $153,396,630
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Organization Details
Founding Year
2010
Phone
(562) 985-5778Principal Officer
Scott Apel
Main Address
6300 E STATE UNIVERSITY DR 332, LONG BEACH, CA, 90815
NTEE Category
Code: B11 - Education
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