Overview
What is Wayne State Foundation?
The Wayne State Foundation is a nonprofit organization that collaborates with Wayne State College to promote student development and serve the community. Their primary mission involves aiding, assisting, and promoting education. They achieve this goal by leveraging the generous contributions of Wayne State College's alumni and supporters. The Foundation plays a significant role in furthering the college's mission, contributing to the growth and well-being of its students and the wider region.
Official website here: www.wsc.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star rating
The Wayne State Foundation has achieved an impressive 97% score, which reflects its exceptional standards in accountability and finance. This rating is derived solely from its robust financial practices and governance structure. The foundation boasts a fully independent board and demonstrates excellent oversight with no material diversion of assets, highlighting its integrity and commitment to responsible management.
Key strengths of the foundation include a high program expense ratio of 82.91%, indicating that a significant majority of its funds are directed towards its programs rather than administrative costs. Additionally, the foundation has a very efficient fundraising process, with a remarkably low fundraising efficiency ratio of just $0.08, meaning that it spends minimal resources to raise funds. This financial prudence contributes to its strong working capital ratio of 8.42 years, suggesting a healthy financial outlook.
While the foundation demonstrates strong governance and financial practices, as noted in its perfect scores across various accountability metrics, potential donors and stakeholders may benefit from seeking more information about the specific programs funded by the foundation to understand its impact better. Overall, the Wayne State Foundation stands out for its dedication to transparency and effective financial management.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Wayne State Foundation?
92% of 267 reviewers on Facebook recommend the Wayne State Foundation. Here is a summary of their reviews:
Many individuals express a deep appreciation for their time at Wayne State, highlighting the affordability and the quality of education provided. Users frequently commend the supportive and knowledgeable professors, contributing to an overall positive academic experience.
The sentiment towards Wayne State is overwhelmingly supportive, with many proud to have attended the institution. Overall, it seems that the foundation is making a meaningful impact on students' lives, as reflected in their enthusiastic endorsements.
This AI summary has been generated from reviews found on Facebook.
Is Wayne State Foundation legitimate?
Wayne State Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wayne State 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: $173,811
Professional Fundraising Fees: $0
Other Salaries and Wages: $450,386
For more financial information, click here
Official website here: www.wsc.edu
What is the mission statement of Wayne State Foundation?
The Wayne State Foundation assists in furthering the mission of its affiliated college, primarily focusing on student development and serving the local community. They accomplish this by leveraging the generosity of alumni and supporters of Wayne State College. The Foundation's role is to aid and promote education, contributing to the college's overall objectives.
Official website here: www.wsc.edu
Who is the CEO of Wayne State Foundation?
Kevin Armstrong is the Vice President of Wayne State Foundation. The CEO's salary of Wayne State Foundation is $132,101 and their total compensation is $132,101.
Official website here: www.wsc.edu
What is the revenue of Wayne State Foundation?
Wayne State Foundation's revenue in 2023 was $6,398,455.
Official website here: www.wsc.edu
Who are the executives of Wayne State Foundation and what are their salaries?
The average compensation at Wayne State Foundation during 2023 was $89,171. There are 7 employees and 245 volunteers at Wayne State Foundation.
Here are 16 key members and their salaries (Wayne State Foundation's CEO's salary is $132,101 and their total compensation is $132,101):
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Official website here: www.wsc.edu
Where can I find the form 990 for Wayne State Foundation?
Wayne State Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.wsc.edu
Learn more at the official website: www.wsc.edu
Mission Statement of Wayne State Foundation
The Wayne State Foundation is dedicated to aiding, assisting, and promoting education. As an integral part of Wayne State College, the Foundation works in alignment with the institution's mission of student development and regional service. One of the ways it achieves this is by leveraging the generous support of alumni and friends of Wayne State College. Through these contributions, the Foundation plays a crucial role in furthering the college's educational endeavors and serving the community at large.
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Impact
July, 2024
Wayne State Foundation plays a crucial role in aiding, assisting, and promoting education through its work with Wayne State College. The Foundation collaborates with the college to support student development and regional service initiatives. Through the generous contributions of alumni and friends of Wayne State College, the Foundation is able to make a significant impact on educational opportunities and resources in the Wayne area.
This information is meant to be a general summary of Wayne State 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 2023.
- Investment Income: $1,350,071
- Program Service Revenue: $41,553
- Gross Receipts: $6,421,710
Assets and Liabilities:
- Total Assets: $41,078,964
- Total Liabilities: $260,481
- Net Assets: $40,818,483
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ATHLETIC ACTIVITIES
Revenue
$41,553
Organization Details
Founding Year
1961
Phone
(402) 375-7510Principal Officer
Kevin Armstrong
Main Address
1111 MAIN ST, WAYNE, NE, 68787
Website
www.wsc.eduNTEE Category
Code: B42I - Education
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