Overview
What is Winston-Salem State University Foundation Inc?
Winston-Salem State University Foundation Inc is a nonprofit organization headquartered in Winston-Salem, North Carolina. Their primary mission is to support the students and faculty of Winston-Salem State University financially, contributing significantly to the university's scholarship program. In this fiscal year, they awarded a total of $935,208 in scholarships to students on campus. The foundation also provides additional financial aid to the university, allowing it to disburse further scholarships to its students. With a team of 29 employees, the Winston-Salem State University Foundation is committed to enhancing the educational experience and opportunities for students at the university.
What are the reviews and ratings of this charity?
**Rating: 94% (Four-Star out of Four Star rating on Charity Navigator)**
Winston-Salem State University Foundation Inc has achieved a commendable Four-Star rating from Charity Navigator, indicating a strong performance in accountability and finance. The organization excels with a perfect score for independent board members and has adhered to robust financial oversight, demonstrating its commitment to transparency and responsible management of funds.
Strengths of the foundation include a high program expense ratio, which reflects a significant allocation of resources towards fulfilling its mission. Moreover, the absence of any material diversion of assets and a sound liabilities to assets ratio further underline its financial health. However, the organization fell short in the fundraising efficiency category, which may suggest room for improvement in its fundraising strategies.
User reviews from GreatNonprofits are not available, so an analysis of public sentiment cannot be provided. Overall, the Winston-Salem State University Foundation Inc. stands out for its strong governance and fiscal prudence, even as it faces challenges in optimizing its fundraising efforts.
This AI summary has been generated from information found on Charity Navigator.
Is Winston-Salem State University Foundation Inc legitimate?
Winston-Salem State University Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Winston-Salem 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: $0
Professional Fundraising Fees: $50,000
Other Salaries and Wages: $242,346
For more financial information, click here
What is the mission statement of Winston-Salem State University Foundation Inc?
The Winston-Salem State University Foundation Inc, as a non-profit organization, is committed to providing financial support for the students and faculty of Winston-Salem State University. This is achieved by soliciting and collecting contributions to grant scholarships and aid to students and offer financial support for the educational programs of the university. In this fiscal year, the foundation awarded over 935,208 dollars in scholarships to students on the WSSU campus. Further funds were given to WSSU, which disbursed additional scholarships to its students, thereby contributing significantly to the academic pursuits and financial well-being of the university community.
Who is the CEO of Winston-Salem State University Foundation Inc?
Dr Latanya D Afolayan is the Finance Dire of Winston-Salem State University Foundation Inc.
What is the revenue of Winston-Salem State University Foundation Inc?
Winston-Salem State University Foundation Inc's revenue in 2022 was $10,006,933.
Who are the executives of Winston-Salem State University Foundation Inc and what are their salaries?
The average compensation at Winston-Salem State University Foundation Inc during 2022 was $8,357. There are 29 employees and 35 volunteers at Winston-Salem State University Foundation Inc.
Here are 27 key members and their salaries:
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Where can I find the form 990 for Winston-Salem State University Foundation Inc?
Winston-Salem State University Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Winston-Salem State University Foundation Inc
Winston-Salem State University Foundation Inc, as a non-profit organization, is dedicated to providing financial assistance to the students and faculty of Winston-Salem State University. Its mission is to solicit and collect contributions with the aim of offering scholarships and financial aid to the students and faculty of the university, as well as providing financial support for the educational programs at the institution. In this fiscal year, the Foundation awarded a significant sum of 935,208 dollars in scholarships to students on the WSSU campus. Additional funds were also provided to WSSU, which in turn disbursed additional scholarships to its students. This commitment to academic success and financial assistance is central to the mission of Winston-Salem State University Foundation Inc.
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Impact
July, 2024
Winston-Salem State University Foundation Inc has a significant impact on the students and faculty of Winston-Salem State University by providing vital financial support. In this fiscal year alone, the foundation awarded $935,208 in scholarships to students on the WSSU campus. These scholarships play a crucial role in helping students pursue their education and achieve their academic goals. Additionally, the foundation's contributions help WSSU disburse even more scholarships to its students, further enhancing access to education for those in need. Through its mission of providing scholarship assistance and financial support for educational programs, the Winston-Salem State University Foundation Inc is making a tangible difference in the lives of students and faculty at WSSU.
This information is meant to be a general summary of Winston-Salem 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: $1,133,596
- Program Service Revenue: $2,871,017
- Gross Receipts: $10,006,933
Assets and Liabilities:
- Total Assets: $99,996,006
- Total Liabilities: $33,578,783
- Net Assets: $66,417,223
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STUDENT HOUSING
Revenue
$2,012,472
PROGRAM REVENUE
Revenue
$858,545
Organization Details
Founding Year
1970
Phone
(336) 750-3005Principal Officer
Dr Latanya D Afolayan
Main Address
CAMPUS BOX 19537 NO 304, WINSTONSALEM, NC, 27110
NTEE Category
Code: B110 - Education
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