Overview
What is University Of South Dakota Foundation?
The University of South Dakota Foundation is a nonprofit organization located in Vermillion, South Dakota, with an address at 1110 N Dakota, ZIP code 57069. Their primary focus is to provide scholarship funds to enhance the academic excellence of the student body at the University of South Dakota. Scholarships are granted for both recruiting and retention purposes. In the 2021-2022 and 2022-2023 academic years, $10 million and $10.8 million in scholarships were awarded, respectively, marking a significant 43.5% increase in funding over the past five years. The foundation aims to benefit the University of South Dakota by providing private resources to increase the overall quality of education.
Official website here: www.usdalumni.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
The University of South Dakota Foundation has achieved an impressive Four-Star rating from Charity Navigator, indicative of a strong commitment to financial accountability and transparency. The high score is primarily based on outstanding performance in the Accountability & Finance beacon, which assesses factors such as independent board governance and financial oversight.
Key strengths of the foundation include a fully independent board of directors and an exemplary record in financial audits, with no material diversions of assets reported. The organization demonstrates effective fundraising efficiency and a robust program expense ratio, ensuring that a significant portion of funds are directed towards its mission-related activities.
Despite its strong ratings, the summary does not indicate any notable limitations or areas of concern, reinforcing the foundation's reputation as a well-managed and responsible organization. Overall, the University of South Dakota Foundation stands out for its ethical governance and commitment to maximizing its impact.
This AI summary has been generated from information found on Charity Navigator.
Is University Of South Dakota Foundation legitimate?
University Of South Dakota Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. University Of South Dakota 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: $710,666
Professional Fundraising Fees: $179,535
Other Salaries and Wages: $2,292,094
For more financial information, click here
Official website here: www.usdalumni.org
What is the mission statement of University Of South Dakota Foundation?
The University of South Dakota Foundation exists to support the University of South Dakota by providing private resources. Its mission is geared towards enhancing the educational experience of students. Through scholarship funds, the organization aims to heighten the academic excellence of the student body and improve the quality of their education. In the previous academic years, $10 million and $10.8 million in scholarships were awarded respectively. Over the past five years, the funding for scholarships has significantly increased by 43.5%.
Official website here: www.usdalumni.org
Who is the CEO of University Of South Dakota Foundation?
Jay Wilson is the Chair of University Of South Dakota Foundation. The CEO's salary of University Of South Dakota Foundation is $223,173 and their total compensation is $232,412.
Official website here: www.usdalumni.org
What is the revenue of University Of South Dakota Foundation?
University Of South Dakota Foundation's revenue in 2022 was $26,328,274.
Official website here: www.usdalumni.org
Who are the executives of University Of South Dakota Foundation and what are their salaries?
The average compensation at University Of South Dakota Foundation during 2022 was $58,878. There are 51 employees and 335 volunteers at University Of South Dakota Foundation.
Here are 34 key members and their salaries (University Of South Dakota Foundation's CEO's salary is $223,173 and their total compensation is $232,412):
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- Compensation: $223,173
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Official website here: www.usdalumni.org
Where can I find the form 990 for University Of South Dakota Foundation?
University Of South Dakota Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.usdalumni.org
Learn more at the official website: www.usdalumni.org
Mission Statement of University Of South Dakota Foundation
The University of South Dakota Foundation is a mission-driven organization that supplies the University of South Dakota with private resources to enhance the academic excellence of its students and improve their educational experience. By providing scholarship funds, this nonprofit contributes significantly to the recruitment and retention of talented students. In the academic years 2021-2022 and 2022-2023, over $20.8 million in scholarships were granted, representing a remarkable increase of 43.5% over the last five years. This substantial investment in education offers deserving students the opportunity to thrive in their academic pursuits. By empowering the University of South Dakota with these resources, the Foundation plays a critical role in ensuring a high-quality learning environment for its students.
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Impact
October, 2024
The University of South Dakota Foundation significantly enhances the educational landscape by providing vital funding that supports student success and academic excellence. By offering scholarships aimed at both recruitment and retention, the foundation plays a crucial role in attracting diverse talent and ensuring that current students can continue their education without financial hardship.
In the 2021-2022 academic year, the foundation awarded an impressive $10 million in scholarships, which increased to $10.8 million in the following year, showcasing a growth of 43.5% in scholarship funding over the past five years. This substantial investment not only helps students financially but also enhances the overall quality of the educational experience at the University of South Dakota. Through its efforts, the foundation is empowering students to pursue their academic goals and contributing to a vibrant, thriving academic community in Vermillion, SD.
This information is meant to be a general summary of University Of South Dakota 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: $9,716,368
- Program Service Revenue: $1,147,606
- Gross Receipts: $78,445,060
Assets and Liabilities:
- Total Assets: $334,981,490
- Total Liabilities: $18,054,800
- Net Assets: $316,926,690
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINISTRATIVE FEES
Revenue
$1,147,606
Organization Details
Founding Year
1928
Phone
(605) 677-6703Principal Officer
Jay Wilson
Main Address
1110 N DAKOTA, VERMILLION, SD, 57069
Website
www.usdalumni.orgNTEE Category
Code: B114 - Education
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