Overview
What is Bowie State University Foundation Inc?
Bowie State University Foundation Inc, situated in Bowie, Maryland, serves as a supporting entity for Bowie State University. Its primary mission is to facilitate fundraising initiatives and ensure proper stewardship of the contributions received from private sources. The foundation primarily channels funds towards scholarships, aiming to address retention needs, improve graduation rates, and provide bridge funding, thereby enhancing recruitment efforts at the university. In essence, Bowie State University Foundation Inc plays a significant role in raising funds for the university, managing these contributions effectively, and ultimately benefiting students through scholarships and other support programs.
Official website here: www.bowiestate.edu/about/bsu-foundation/
What are the reviews and ratings of this charity?
**Charity Navigator Rating: 97% (Four-Star out of Four Star rating)**
Bowie State University Foundation Inc has achieved a notable Four-Star rating from Charity Navigator, reflecting its exceptional accountability and financial health. The charity scored an impressive 97% in Accountability & Finance, which is a positive indicator of its operational integrity and how responsibly it manages resources. With 100% of its board members being independent, transparency at the governance level is a significant strength.
The foundation effectively maintains a low liability-to-assets ratio and boasts a high program expense ratio of 87.39%, indicating that a substantial portion of funds is directed towards its programs rather than administrative costs. Furthermore, its fundraising efficiency ratio of $0.00 reveals that the organization does not incur fundraising expenses, maximizing the funds available for its mission. However, it's important to note that while the organization excels in financial scores, its impact and measurement, culture and community, and leadership and adaptability scores are currently not evaluated.
Unfortunately, user reviews from GreatNonprofits could not be fetched, limiting the public's perspective on firsthand experiences with the foundation. Overall, Bowie State University Foundation Inc demonstrates strong financial practices and governance, making it a reliable nonprofit in the education sector.
This AI summary has been generated from information found on Charity Navigator.
Is Bowie State University Foundation Inc legitimate?
Bowie State University Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bowie State University 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: $90,420
Professional Fundraising Fees: $0
Other Salaries and Wages: $18,000
For more financial information, click here
Official website here: www.bowiestate.edu/about/bsu-foundation/
What is the mission statement of Bowie State University Foundation Inc?
The Bowie State University Foundation Inc's mission is centered around facilitating fundraising and stewardship efforts for Bowie State University. This involves seeking contributions from private sources to support the institution's activities and mission. The foundation is responsible for overseeing the administration of these gifts, ensuring proper handling of contributions made to the university. A significant portion of the foundation's expenses goes towards grants awarded to Bowie State University, primarily for scholarships. These scholarships aim to address retention needs, improve the graduation rate, and provide bridge funding to enhance recruitment.
Official website here: www.bowiestate.edu/about/bsu-foundation/
Who is the CEO of Bowie State University Foundation Inc?
Brent Swinton is the Chair of Bowie State University Foundation Inc.
Official website here: www.bowiestate.edu/about/bsu-foundation/
What is the revenue of Bowie State University Foundation Inc?
Bowie State University Foundation Inc's revenue in 2022 was $9,577,897.
Official website here: www.bowiestate.edu/about/bsu-foundation/
Who are the executives of Bowie State University Foundation Inc and what are their salaries?
There 18 volunteers at Bowie State University Foundation Inc.
Here are 15 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $12,216
- Related: $0
- Other: $1,196
- Compensation: $46,484
- Related: $0
- Other: $7,551
Official website here: www.bowiestate.edu/about/bsu-foundation/
Where can I find the form 990 for Bowie State University Foundation Inc?
Bowie State University Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bowiestate.edu/about/bsu-foundation/
Learn more at the official website: www.bowiestate.edu/about/bsu-foundation/
Mission Statement of Bowie State University Foundation Inc
The Bowie State University Foundation Inc, in essence, plays a crucial role in supporting the fundraising and stewardship efforts of Bowie State University. Its primary mission is to procure contributions from private sources, with the ultimate goal of bolstering activities that align with the university's mission. The foundation assumes responsibility for managing gifts bestowed upon Bowie State University, ensuring the appropriate administration of these contributions.
One of the key areas where the Bowie State University Foundation Inc exerts its influence is in the realm of scholarship funding. It facilitates grants that are directed towards Bowie State University, specifically to support students through scholarships. These scholarships aim to address retention needs, work towards improving the graduation rate, and provide bridge funding to enhance recruitment efforts. By doing so, the foundation contributes significantly to the educational journey of students at Bowie State University.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Bowie State University Foundation Inc plays a pivotal role in facilitating fundraising and stewardship efforts for Bowie State University. By providing grants for scholarships awarded to students, the foundation supports efforts to enhance retention rates, improve graduation outcomes, bridge funding gaps, and bolster recruitment initiatives. Through its mission to seek contributions from private sources in alignment with the university's activities and goals, Bowie State University Foundation Inc significantly contributes to the advancement of education and student support at Bowie State University.
This information is meant to be a general summary of Bowie State University 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 2022.
- Investment Income: $3,323,543
- Gross Receipts: $10,582,608
Assets and Liabilities:
- Total Assets: $45,853,234
- Total Liabilities: $1,099,722
- Net Assets: $44,753,512
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1972
Phone
(301) 860-4308Principal Officer
Brent Swinton
Main Address
14000 JERICHO PARK ROAD, BOWIE, MD, 20715
NTEE Category
Code: B110 - Education
If you are a representative of Bowie State University Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.