Overview
What is Empire State College Foundation Inc?
Empire State College Foundation Inc, located in Saratoga Springs, New York, is a nonprofit organization committed to supporting and enhancing the welfare of Empire State University, a constituent unit of the State University of New York. Their primary mission involves providing financial assistance to students, faculty, staff, and university programs. In the recent year, they awarded scholarships to 748 students, recognized 98 faculty members with development awards, and granted 6 honoraria. The foundation's activities are geared towards advancing the overall development of the university.
Official website here: www.sunyempire.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star rating)
The Empire State College Foundation Inc has achieved an impressive 97% score from Charity Navigator, indicating a strong performance in accountability and finance. This high rating is primarily derived from their exceptional standards in financial management and transparency, reflecting the organization’s commitment to responsible stewardship of resources.
Strengths highlighted include a robust independent board, with 88% of its members being independent, and an excellent accountability structure evidenced by perfect scores in their audit and oversight committee. The foundation demonstrates financial stability, indicated by a low liabilities to assets ratio and a remarkable program expense ratio of over 77%, ensuring that a significant portion of funds is utilized for its programs rather than administrative costs.
While the data reflects a strong operational framework, the summary does not provide insights into specific program impacts or beneficiary feedback. This limitation may leave potential donors or supporters curious about the direct impact of the foundation’s work beyond its financial metrics. Overall, the foundation's strong governance and financial health are commendable.
This AI summary has been generated from information found on Charity Navigator.
Is Empire State College Foundation Inc legitimate?
Empire State College Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Empire State College Foundation Inc 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: $34,146
Other Salaries and Wages: $95,953
For more financial information, click here
Official website here: www.sunyempire.edu
What is the mission statement of Empire State College Foundation Inc?
The Empire State College Foundation Inc's mission is centered around supporting and enhancing the welfare and development of Empire State University, which is a part of the State University of New York. This assistance extends to various sectors, including offering financial aid to students, faculty, and staff, as well as funding university programs. The foundation's activities are not limited to financial aid; it also provides faculty development awards and honoraria. The foundation's efforts are demonstrated through the provision of scholarships to 748 students, 98 faculty development awards, and 6 honoraria.
Official website here: www.sunyempire.edu
Who is the CEO of Empire State College Foundation Inc?
Marly Norris is the Director of Empire State College Foundation Inc.
Official website here: www.sunyempire.edu
What is the revenue of Empire State College Foundation Inc?
Empire State College Foundation Inc's revenue in 2023 was $3,974,032.
Official website here: www.sunyempire.edu
Who are the executives of Empire State College Foundation Inc and what are their salaries?
Here are 21 key members and their salaries:
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- Other: $67,719
Official website here: www.sunyempire.edu
Where can I find the form 990 for Empire State College Foundation Inc?
Empire State College Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.sunyempire.edu
Learn more at the official website: www.sunyempire.edu
Mission Statement of Empire State College Foundation Inc
Empire State College Foundation Inc, as a supporting organization for Empire State University, a unit of the State University of New York, aims to enhance its welfare and development. This is achieved through various means, primarily providing financial assistance to students, faculty, staff, and university programs. The foundation's mission is multifaceted, extending beyond just financial aid. It seeks to contribute to the overall development of the university, ensuring its growth and success.
The Empire State College Foundation Inc fulfills its mission by offering a range of support services. It provides scholarships to 748 students, helping them to overcome financial barriers and pursue their academic goals. Additionally, the foundation recognizes the importance of faculty development and awards 98 faculty development grants. These grants enable faculty members to enhance their skills and knowledge, thereby improving the quality of education provided by the university. Furthermore, the foundation honors 6 individuals with honoraria, recognizing their outstanding contributions to the university.
In summary, Empire State College Foundation Inc plays a vital role in supporting the wellbeing and development of Empire State University. By providing financial assistance to students, faculty, and staff, and supporting university programs, the foundation contributes to the university's growth and success. Its mission is to ensure that Empire State University continues to thrive, providing high-quality education and opportunities for all its constituents.
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Impact
July, 2024
Empire State College Foundation Inc's impact is significant in advancing the welfare and development of Empire State University. Through providing scholarships to 748 students, faculty development awards to 98 individuals, and honoraria to 6 recipients, the foundation directly supports the educational pursuits and professional growth of those within the university community. By offering financial assistance to students, faculty, staff, and university programs, the foundation plays a crucial role in promoting access to education and fostering academic excellence at Empire State University.
This information is meant to be a general summary of Empire State College Foundation Inc. 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: $878,023
- Gross Receipts: $4,316,675
Assets and Liabilities:
- Total Assets: $42,557,146
- Total Liabilities: $568,630
- Net Assets: $41,988,516
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Organization Details
Founding Year
1974
Phone
(518) 587-2100Principal Officer
Marly Norris
Main Address
2 UNION AVE, SARATOGA SPRINGS, NY, 12866
Website
www.sunyempire.eduNTEE Category
Code: B42I - Education
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