Overview
What is Dsu Heritage Foundation?
The Dsu Heritage Foundation is a nonprofit organization based in Dickinson, North Dakota, with an address at 230 8th Ave W, ZIP code 58601. Their primary mission is to stimulate and foster support for Dickinson State University by securing, managing, and disbursing funds. In the 2022 fiscal year, they provided approximately $1,100,000 in scholarship support for deserving students and added $11.5 million to endowments. The foundation is dedicated to creating and maintaining a consistent flow of funds for the university's long-term success, which includes funding for endowed chairs, professorships, and various scholarships.
Official website here: www.dsuheritagefoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
The Dsu Heritage Foundation has earned an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial management. The foundation's overall score is derived solely from its Accountability & Finance score, which stands at 97%. This rating reflects the organization’s commitment to transparency and effective financial practices.
One of the foundation's key strengths is its governance structure, featuring a fully independent board with 25 members, which is crucial for unbiased decision-making. The organization also excels in financial oversight, with an Audit and Oversight Committee ensuring rigorous evaluation of financial statements. Additionally, the foundation maintains a strong program expense ratio of over 70%, demonstrating a focus on delivering impact through its programs.
While the foundation performs exceptionally well in various financial metrics, including a low fundraising efficiency ratio and a strong working capital ratio, there are no notable limitations reported in the data. This solid financial standing indicates that the Dsu Heritage Foundation is well-positioned to continue its mission effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Dsu Heritage Foundation legitimate?
Dsu Heritage Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dsu Heritage 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: $224,547
For more financial information, click here
Official website here: www.dsuheritagefoundation.org
What is the mission statement of Dsu Heritage Foundation?
The Dsu Heritage Foundation works to stimulate and foster support for Dickinson State University by managing and disbursing private funds. Their mission is to encourage participation in the financial backing of the University and its students. They provide significant scholarship support each year, with an estimated $1,100,000 allocated for the June 30, 2022 fiscal year. Additionally, the foundation builds endowments for long-term success, adding approximately $11.5 million during this fiscal year. This funding goes towards scholarships, Endowed Chairs, and various program support.
Official website here: www.dsuheritagefoundation.org
Who is the CEO of Dsu Heritage Foundation?
Vince Reep is the President From Oct 2021 of Dsu Heritage Foundation.
Official website here: www.dsuheritagefoundation.org
What is the revenue of Dsu Heritage Foundation?
Dsu Heritage Foundation's revenue in 2022 was $17,360,478.
Official website here: www.dsuheritagefoundation.org
Who are the executives of Dsu Heritage Foundation and what are their salaries?
There 26 volunteers at Dsu Heritage Foundation.
Here are 28 key members and their salaries:
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- Compensation: $156,760
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- Other: $37,596
Official website here: www.dsuheritagefoundation.org
Where can I find the form 990 for Dsu Heritage Foundation?
Dsu Heritage Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.dsuheritagefoundation.org
Learn more at the official website: www.dsuheritagefoundation.org
Mission Statement of Dsu Heritage Foundation
The Dsu Heritage Foundation, a dedicated organization, works tirelessly to secure, manage, and disburse funds in order to stimulate and foster ongoing support for Dickinson State University (DSU). By creating and maintaining a consistent flow of funds, the Foundation is able to achieve its vision and benefit both the University and its students.
In the fiscal year ending June 30, 2022, the Dsu Heritage Foundation provided an estimated $1,100,000 in scholarship support to Dickinson State University. This significant investment in deserving students is just one way the Foundation contributes to the institution's success. Moreover, the Foundation plays a vital role in developing and building endowments for long-term success at DSU. During this fiscal year, an impressive $11.5 million was added to the endowments, which includes a new Endowed Chair and program support for the TR Center at DSU, in addition to numerous scholarships.
The Dsu Heritage Foundation's mission is to ignite and sustain the interest of alumni and friends in supporting Dickinson State University. By managing and disbursing private funds, the Foundation aims to make a lasting impact on the University and its students, ensuring a prosperous future for all involved.
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Impact
October, 2024
The Dsu Heritage Foundation plays a crucial role in enhancing the educational environment at Dickinson State University (DSU). By securing and managing substantial financial resources, the Foundation provides vital scholarship support, amounting to approximately $1.1 million for deserving students in the fiscal year ending June 30, 2022. This significant investment helps make education accessible and supports students in achieving their academic goals.
Moreover, the Foundation's efforts have led to a notable addition of $11.5 million in endowments during the same period. This funding not only establishes new Endowed Chairs and enhances program support for specific initiatives, such as the TR Center at DSU, but also contributes to a broader strategy for long-term institutional advancement. By fostering a culture of engagement among alumni and friends, the Foundation promotes consistent financial support, ensuring the sustainability and growth of educational opportunities at DSU.
Through these initiatives, the Dsu Heritage Foundation significantly impacts both the university's immediate needs and its long-term success, building a robust foundation for future generations of students.
This information is meant to be a general summary of Dsu Heritage 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: $317,195
- Program Service Revenue: $298,998
- Gross Receipts: $22,649,252
Assets and Liabilities:
- Total Assets: $25,913,941
- Total Liabilities: $59,940
- Net Assets: $25,854,001
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Badlands Activity Center Revenues
Revenue
$130,049
Organization Details
Founding Year
2015
Phone
(701) 483-2486Principal Officer
Vince Reep
Main Address
230 8th Ave W, Dickinson, ND, 586014819
NTEE Category
Code: B19 - Education
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