Overview
What is South Dakota State University Foundation?
The South Dakota State University Foundation is a charitable organization based in Brookings, South Dakota, with an address at 815 Medary Avenue Box 525. Their mission is to bring together the aspirations of students, the university, and donors to constructively improve South Dakota State University (SDSU). In 2022, they granted approximately $9.39 million in scholarships, funded $5.23 million in academic programs, and allocated $6.19 million for capital projects. This nonprofit organization, employing 52 individuals, plays a significant role in fostering excellence at SDSU by nurturing generosity and cherishing the loyalty of those they serve.
Official website here: www.sdstatefoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Star Rating)
The South Dakota State University Foundation has achieved a commendable Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The overall score reflects exceptional performance in accountability and finance, with a perfect score in several key areas, including independent board governance and financial oversight.
Strengths of the organization include a fully independent board, effective financial practices, and a strong program expense ratio of 74.72%, which illustrates the foundation's commitment to funding its programs. Additionally, the foundation has demonstrated excellent fundraising efficiency and an impressive working capital ratio, ensuring its sustainability and ability to support its mission over the long term.
While the foundation excels in multiple financial metrics, it is essential to continuously maintain these standards to foster trust and transparency among stakeholders. The absence of any material asset diversions and the implementation of robust governance policies further reinforce the organization's strong standing in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is South Dakota State University Foundation legitimate?
South Dakota State University Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. South Dakota 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: $709,986
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,922,877
For more financial information, click here
Official website here: www.sdstatefoundation.org
What is the mission statement of South Dakota State University Foundation?
The South Dakota State University Foundation's mission is to bring together the aspirations of students, the university, and donors to enhance excellence at the institution. They foster generosity and value loyalty among those they serve. In 2022, the foundation awarded approximately $9.39 million in scholarships, funded $5.23 million in departmental programs, and financed $6.19 million in capital projects.
Official website here: www.sdstatefoundation.org
Who is the CEO of South Dakota State University Foundation?
Steve Erpenbach is the President/Ceo of South Dakota State University Foundation. The CEO's salary of South Dakota State University Foundation is $223,862 and their total compensation is $274,890.
Official website here: www.sdstatefoundation.org
What is the revenue of South Dakota State University Foundation?
South Dakota State University Foundation's revenue in 2022 was $86,766,590.
Official website here: www.sdstatefoundation.org
Who are the executives of South Dakota State University Foundation and what are their salaries?
The average compensation at South Dakota State University Foundation during 2022 was $69,863. There are 52 employees and 101 volunteers at South Dakota State University Foundation.
Here are 19 key members and their salaries (South Dakota State University Foundation's CEO's salary is $223,862 and their total compensation is $274,890):
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- Compensation: $223,862
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- Compensation: $180,043
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- Compensation: $115,706
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- Other: $9,725
- Compensation: $107,297
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- Other: $7,483
Official website here: www.sdstatefoundation.org
Where can I find the form 990 for South Dakota State University Foundation?
South Dakota State University Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sdstatefoundation.org
Learn more at the official website: www.sdstatefoundation.org
Mission Statement of South Dakota State University Foundation
The South Dakota State University Foundation plays a pivotal role in bringing together the aspirations of students, the university, and donors to construct a superior SDSU. By cultivating generosity and cherishing the loyalty of those they serve, this organization enhances excellence within the educational institution. During the year 2022, the South Dakota State University Foundation granted approximately $9.39 million in scholarships, funded $5.23 million in departmental programs, and allocated $6.19 million towards capital projects.
In their quest to make a difference, the South Dakota State University Foundation unites the dreams of students, the university, and donors. Their mission is to enhance excellence and foster a culture of giving. The organization's financial support enables the university to provide scholarships, enabling students to reach their academic goals. Additionally, the foundation supports departmental programs and funds capital projects, ensuring the university remains at the forefront of innovation and development. The South Dakota State University Foundation's commitment to its cause plays a significant role in building a better future for the university and its students.
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Impact
October, 2024
The South Dakota State University Foundation significantly impacts the university community by uniting the aspirations of students, the institution, and donors to foster a better educational environment. In 2022 alone, it awarded approximately $9.39 million in scholarships, ensuring that students have access to the financial support needed to pursue their educational goals.
Moreover, the foundation funded $5.23 million in departmental programs, enhancing the quality of academic offerings and extracurricular activities. It also contributed $6.19 million to capital projects, which likely supports infrastructure improvements and development initiatives on campus. By cultivating generosity and valuing loyalty, the foundation plays a crucial role in enhancing excellence at South Dakota State University.
This information is meant to be a general summary of South Dakota 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 2022.
- Investment Income: $11,957,027
- Program Service Revenue: $2,455,113
- Gross Receipts: $104,460,166
Assets and Liabilities:
- Total Assets: $374,742,480
- Total Liabilities: $12,292,523
- Net Assets: $362,449,957
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SUPPORT SERVICES
Revenue
$2,175,000
OTHER REVENUE
Revenue
$280,113
Organization Details
Founding Year
1945
Phone
(605) 697-7475Principal Officer
Steve Erpenbach
Main Address
815 MEDARY AVENUE BOX 525, BROOKINGS, SD, 570061303
Website
www.sdstatefoundation.orgNTEE Category
Code: B110 - Education
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