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Peru State College Foundation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 470495359 ✦ Peru, NE ✦ Designated as a 501(c)(3)

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Overview

What is Peru State College Foundation?

Peru State College Foundation is a nonprofit organization, established in 1867, serving as the primary support system for Peru State College, Nebraska's first public institution of higher education. Located at PO BOX 10, Peru, NE 68421, the foundation's mission is to aid and enhance Peru State College. It accomplishes this by providing scholarships to eligible students, contributing to the institution's overall mission of delivering quality education, programs, and services. With a substantial net asset of over ten million dollars and a strong alumni and supporter base of more than 24,000 individuals, the Peru State College Foundation plays a crucial role in upholding the college's standards and advancing its mission.


Official website here: www.peru.edu/foundation

What are the reviews and ratings of this charity?

Charity Navigator Rating: 74%, earning it a Two-Star out of Four Star rating.

The Peru State College Foundation has received a 74% rating from Charity Navigator, which indicates a moderate level of accountability and financial health. The organization boasts a perfect score for having a fully independent board, effective financial oversight, and strong policies in place regarding conflict of interest and whistleblower protections. These elements reflect a commitment to transparency and good governance.

However, the foundation received a score of 50.24% for its program expense ratio, suggesting that a significant portion of its spending may not be directed towards its core programs. This could raise concerns about the effective use of resources. Despite this limitation, the foundation performs well in leadership and adaptability, scoring a full 100%, indicating strong strategic planning and organizational resilience.

Overall, while the Peru State College Foundation demonstrates solid governance and leadership, potential donors may want to consider the lower program expense ratio when evaluating the effectiveness of their contributions.


This AI summary has been generated from information found on Charity Navigator.

Is Peru State College Foundation legitimate?

Peru State College Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Peru State College 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: $86,915
Professional Fundraising Fees: $0
Other Salaries and Wages: $156,350

For more financial information, click here


Official website here: www.peru.edu/foundation

What is the mission statement of Peru State College Foundation?

The Peru State College Foundation's mission is to aid and strengthen Peru State College, a distinguished four-year liberal arts institution established in 1867 as Nebraska's first public institution of higher education. With a substantial alumni and supporter base of over 24,000 individuals and assets totaling more than ten million dollars, the foundation plays a crucial role in assisting the college in fulfilling its mission of delivering quality education, programs, and services.


Official website here: www.peru.edu/foundation

Who is the CEO of Peru State College Foundation?

Jeff Smith is the Interim Ceo of Peru State College Foundation. The CEO's salary of Peru State College Foundation is $0 and their total compensation is $86,916.


Official website here: www.peru.edu/foundation

What is the revenue of Peru State College Foundation?

Peru State College Foundation's revenue in 2022 was $1,356,756.


Official website here: www.peru.edu/foundation

Who are the executives of Peru State College Foundation and what are their salaries?


Here are 13 key members and their salaries (Peru State College Foundation's CEO's salary is $0 and their total compensation is $86,916):


Ted L Harshbarger (Interim Ceo)
  • Compensation: $0
  • Related: $75,750
  • Other: $11,166
Al Urwin (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cindy Hoffman (Co-Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Connie Edmond (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elton Edmond (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Fritz Stehlik (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ivan Wineglass (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Greenwald (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Smith (Co-Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lori Seibel (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robin Smith (Co-Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terri Bishop (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Hoffman (Co-Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.peru.edu/foundation

Where can I find the form 990 for Peru State College Foundation?

Peru State College Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.peru.edu/foundation

Learn more at the official website: www.peru.edu/foundation

Mission Statement of Peru State College Foundation

The Peru State College Foundation's mission is centered around providing aid and support to Peru State College, a distinguished four-year liberal arts institution. Established in 1867 as Nebraska's first public institution of higher education, Peru State College has served as a beacon of quality education, programs, and services. With over 24,000 alumni and friends, and assets exceeding ten million dollars, the Peru State College Foundation plays a crucial role in assisting the college in achieving its mission. The foundation's resources contribute significantly to the college's ability to deliver top-notch education and services.

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Impact




July, 2024

The impact of Peru State College Foundation is significant as it provides crucial assistance and support to Peru State College, a distinguished four-year liberal arts institution in Nebraska. By offering scholarships to qualifying students, the Foundation plays a vital role in ensuring access to quality education for individuals seeking to further their academic pursuits at the college. With a rich history dating back to 1867, Peru State College is Nebraska's first public institution of higher education, making the Foundation's work essential in upholding this legacy and fostering the success of its students. Overall, the Foundation's efforts contribute to the advancement of education and the betterment of the community it serves.




This information is meant to be a general summary of Peru State College 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.

Revenue
$1,356,756 (2022)
Expenses
$1,307,148 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $268,260
  • Gross Receipts: $6,368,289

Assets and Liabilities:

  • Total Assets: $18,421,691
  • Total Liabilities: $103,470
  • Net Assets: $18,318,221

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

All other program service revenue -

Organization Details

Founding Year

1955

Principal Officer

Jeff Smith

Main Address

PO BOX 10, PERU, NE, 68421

NTEE Category

Code: B11 - Education

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