Overview
What is Glenville State University Foundation Inc?
Glenville State University Foundation Inc, located in Glenville, West Virginia, is a nonprofit organization primarily focused on raising funds for scholarships and educational purposes. They provide support to students who excel academically and in athletics, aiming to assist Glenville State College in achieving its mission. By actively soliciting funds through annual campaigns, scholarship endowments, and grants from larger foundations, they are able to award deserving students with scholarships and academic honors. This nonprofit organization contributes significantly to the educational endeavors of students at Glenville State College.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Stars)
Glenville State University Foundation Inc has earned a Three-Star rating from Charity Navigator, based on a strong score of 87% in Accountability & Finance. The rating reflects the foundation's commitment to maintaining a high level of transparency and responsible financial management, evidenced by all members of its board being independent and a solid performance in financial oversight.
The foundation demonstrates noteworthy strengths in its financial metrics, with a program expense ratio of 86.26%, indicating that a significant portion of its resources is devoted to its mission-driven programs. Additionally, the organization displays excellent fundraising efficiency and a robust working capital ratio of 7.71 years, suggesting a stable financial position and effective fundraising practices.
While the foundation's performance in accountability and finance is commendable, the single beacons focus means this rating does not consider other potential aspects of effectiveness or impact. Overall, Glenville State University Foundation Inc shows a commitment to fiscal responsibility, making it a reliable choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Glenville State University Foundation Inc legitimate?
Glenville State University Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Glenville 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: $83,633
Professional Fundraising Fees: $0
Other Salaries and Wages: $90,355
For more financial information, click here
What is the mission statement of Glenville State University Foundation Inc?
The Glenville State University Foundation Inc is committed to raising funds from non-state sources to support Glenville State College. Their primary goal is to assist the college in achieving its mission. This is accomplished through actively soliciting funds through various means such as their annual fund, scholarship endowments, and grants from larger foundations. These funds are then allocated to deserving students through annual scholarships and academic awards. This financial assistance plays a crucial role in providing general education opportunities for students, thereby contributing to their overall development.
Who is the CEO of Glenville State University Foundation Inc?
David Hutchison is the President of Glenville State University Foundation Inc.
What is the revenue of Glenville State University Foundation Inc?
Glenville State University Foundation Inc's revenue in 2023 was $5,547,547.
Who are the executives of Glenville State University Foundation Inc and what are their salaries?
There 26 volunteers at Glenville State University Foundation Inc.
Here are 25 key members and their salaries:
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Where can I find the form 990 for Glenville State University Foundation Inc?
Glenville State University Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Glenville State University Foundation Inc
Glenville State University Foundation Inc, a nonprofit organization, is dedicated to raising funds for scholarships and educational purposes. Its mission is to support Glenville State College by soliciting funds from non-state sources. This is accomplished through various initiatives, such as the Annual Fund, scholarship endowments, and grants from larger foundations. The funds raised are then allocated to deserving students in the form of annual scholarships and academic awards. By doing so, Glenville State University Foundation Inc plays a crucial role in enabling students to pursue their education and achieve their academic goals.
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Impact
July, 2024
Glenville State University Foundation Inc's impact lies in its mission to raise funds from non-state sources to assist Glenville State College in reaching its goals. By actively soliciting funds through various avenues, the foundation is able to provide scholarships and academic awards to deserving students. This support enables students to further their education and achieve academic and athletic success. Through its efforts, Glenville State University Foundation Inc plays a crucial role in enhancing the educational opportunities available to students in the GLENVILLE, WV community.
This information is meant to be a general summary of Glenville 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 2023.
- Investment Income: $419,543
- Gross Receipts: $5,724,312
Assets and Liabilities:
- Total Assets: $24,729,641
- Total Liabilities: $3,036,158
- Net Assets: $21,693,483
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Organization Details
Founding Year
1961
Phone
(304) 462-4125Principal Officer
David Hutchison
Main Address
200 HIGH STREET, GLENVILLE, WV, 26351
NTEE Category
Code: B42I - Education
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