Overview
What is Fairmont State Alumni Association?
The Fairmont State Alumni Association is a nonprofit organization located in Fairmont, West Virginia. Their primary goal is to foster the advancement of Fairmont State University. They accomplish this by strengthening alumni relations and contributing to the university's associated foundation. The Association provides scholarships and grants, serving as a means to achieve their mission. By doing so, they aim to support the educational institution and contribute to its growth and development.
Official website here: www.fairmontstate.edu/alumni
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star Rating
The Fairmont State Alumni Association has achieved an impressive 97% score, earning it a Four-Star rating from Charity Navigator. This rating reflects the organization's strong commitment to accountability and financial transparency, with its score derived entirely from accountability metrics. The association demonstrates robust governance practices, including a fully independent board and comprehensive policies for conflict of interest and whistleblowing.
The organization showcases high financial efficiency, with an outstanding program expense ratio of 92.98%, indicating that a significant portion of funds is directed towards its programs rather than overhead. Additionally, it maintains a favorable liabilities-to-assets ratio of 3.34%, which suggests a strong financial position and minimal risk of insolvency.
Overall, the Fairmont State Alumni Association stands out for its governance and financial practices, positioning itself as a responsible steward of donor funds. There are no noted limitations in the data, reinforcing its reputation as a reliable nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Fairmont State Alumni Association legitimate?
Fairmont State Alumni Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fairmont State Alumni Association 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.
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Official website here: www.fairmontstate.edu/alumni
What is the mission statement of Fairmont State Alumni Association?
The Fairmont State Alumni Association is committed to promoting the advancement of Fairmont State University. To accomplish this, they focus on strengthening alumni relations and providing facilities for the university's associated foundation. Their mission is furthered through the provision of scholarships and grants. This association works towards its objectives from its base in Fairmont, West Virginia.
Official website here: www.fairmontstate.edu/alumni
Who is the CEO of Fairmont State Alumni Association?
Nick Fantasia is the President of Fairmont State Alumni Association.
Official website here: www.fairmontstate.edu/alumni
What is the revenue of Fairmont State Alumni Association?
Fairmont State Alumni Association's revenue in 2022 was $16,711.
Official website here: www.fairmontstate.edu/alumni
Who are the executives of Fairmont State Alumni Association and what are their salaries?
There 22 volunteers at Fairmont State Alumni Association.
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Official website here: www.fairmontstate.edu/alumni
Where can I find the form 990 for Fairmont State Alumni Association?
Fairmont State Alumni Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fairmontstate.edu/alumni
Learn more at the official website: www.fairmontstate.edu/alumni
Mission Statement of Fairmont State Alumni Association
The Fairmont State Alumni Association is dedicated to advancing Fairmont State University. This nonprofit organization focuses on enhancing alumni relations and providing facilities for the associated foundation. To fulfill its mission, the association offers scholarships and grants, working tirelessly to contribute to the university's growth and development. By doing so, the Fairmont State Alumni Association plays a significant role in supporting the educational endeavors of the university and its students, ultimately contributing to the university's overall success.
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Impact
August, 2024
The Fairmont State Alumni Association has a significant impact on Fairmont State University by strengthening alumni relations and providing support to the associated foundation. Through scholarships and grants, the Alumni Association helps to support the university's mission of academic excellence and student success. Additionally, by fostering a strong network of alumni, the association creates opportunities for mentorship, professional development, and community engagement, further enhancing the reputation and reach of Fairmont State University.
This information is meant to be a general summary of Fairmont State Alumni Association. 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: $9,476
- Program Service Revenue: $6,405
- Gross Receipts: $16,711
Assets and Liabilities:
- Total Assets: $231,861
- Total Liabilities: $3,835
- Net Assets: $228,026
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EVENT REVENUE
Revenue
$6,405
Organization Details
Founding Year
1995
Phone
(304) 367-4713Principal Officer
Nick Fantasia
Main Address
1201 LOCUST AVE, FAIRMONT, WV, 26554
Website
www.fairmontstate.edu/alumniNTEE Category
Code: B84 - Education
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