Overview
What is Sam Houston University Foundation?
The Sam Houston University Foundation is a nonprofit organization with a primary mission to receive, manage, and invest funds for the benefit of Sam Houston State University and its students. It serves as a vital source of financial aid through scholarship programs, providing opportunities for deserving students. Furthermore, the foundation offers program and general support to enhance the university's activities and academic pursuits. By doing so, it plays a significant role in fostering the growth and development of students and the institution as a whole.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, earning it a Two-Star out of Four Star rating. The Sam Houston University Foundation has demonstrated strong financial health and program efficiency, indicated by a program expense ratio of 99.66%. This means that nearly all funds are directed towards its programs, which is a commendable aspect of its operations.
However, the foundation's rating also reveals significant shortcomings in transparency and governance. While it boasts a majority independent board and has no material diversion of assets, it lacks essential financial disclosures and policies, such as a conflict of interest policy and whistleblower policy. The absence of these documents raises concerns about the foundation's accountability practices.
Overall, while the foundation excels in program expense management, it needs to improve its financial transparency and governance policies to enhance its trustworthiness and fulfill best practices in nonprofit management. A more comprehensive approach to accountability could help elevate its rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Sam Houston University Foundation legitimate?
Sam Houston University Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sam Houston 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Sam Houston University Foundation?
The Sam Houston University Foundation is designed to receive, manage, and invest various forms of property with the objective of benefiting Sam Houston State University and its students. Its primary role is to support scholarly activities and provide financial aid through scholarship programs to deserving students. Furthermore, the foundation offers program and general support to enhance the overall academic environment and activities at the university.
Who is the CEO of Sam Houston University Foundation?
Ferne Frosch is the President of Sam Houston University Foundation.
What is the revenue of Sam Houston University Foundation?
Sam Houston University Foundation's revenue in 2022 was $1,196,073.
Who are the executives of Sam Houston University Foundation and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Sam Houston University Foundation?
Sam Houston University Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Sam Houston University Foundation
The Sam Houston University Foundation is dedicated to a specific purpose, operating exclusively to collect, manage, and invest various types of property. This encompasses both tangible and intangible assets, ranging from real estate to financial holdings. The primary objective of this entity is to utilize these resources for the advantage of Sam Houston State University and its students.
In line with its mission, the foundation also focuses on supporting scholarly activities and academic pursuits within the university. It provides scholarships to deserving students, offering them financial aid to further their education. Furthermore, the Sam Houston University Foundation extends its support to various programs and initiatives within the university, contributing to its overall activities. This comprehensive approach to support ensures that the university and its students can thrive, benefiting from the foundation's resources and investments.
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Impact
July, 2024
The impact of the Sam Houston University Foundation is significant in supporting the educational endeavors of Sam Houston State University and its students. The foundation operates exclusively to receive, hold, invest, and administer property for the benefit of the university, including providing financial aid through scholarship programs to deserving students. By offering program support and general assistance for the university's activities, the foundation plays a crucial role in advancing the educational mission of Sam Houston State University.
This information is meant to be a general summary of Sam Houston 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: $139,488
- Gross Receipts: $1,196,073
Assets and Liabilities:
- Total Assets: $8,127,287
- Total Liabilities: $0
- Net Assets: $8,127,287
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Organization Details
Founding Year
2012
Phone
(936) 294-2686Principal Officer
Ferne Frosch
Main Address
PO BOX 2027, HUNTSVILLE, TX, 77341
NTEE Category
Code: B11 - Education
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