Overview
What is South Carolina State University Real Estate Foundation?
The South Carolina State University Real Estate Foundation is a nonprofit organization committed to supporting its affiliated university. Located at 700 University Village Drive, Orangeburg, SC 29115, its primary mission is to acquire, construct, finance, pledge, improve, maintain, operate, manage, and lease housing facilities for students and faculty of South Carolina State University. The foundation's activities are solely devoted to benefiting the university, ensuring they uphold and maintain properties that would otherwise be the university's responsibility. With a dedicated workforce of 25 individuals, the foundation plays an essential role in providing appropriate housing solutions for South Carolina State University's student and faculty community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, earning a Two-Star out of Four Star rating
The South Carolina State University Real Estate Foundation has received a two-star rating from Charity Navigator, indicating some concerns regarding its financial health and accountability. The organization boasts a fully independent board, scoring high in board independence and oversight, which showcases a commitment to governance and transparency.
Despite its strengths in board independence and program expense efficiency, the foundation struggles with a high liabilities to assets ratio, indicating potential financial instability. Moreover, several key policies are missing, which negatively impacts their overall accountability score. These limitations suggest that while the foundation operates effectively in certain areas, improvements are needed for better financial management and policy adherence.
This AI summary has been generated from information found on Charity Navigator.
Is South Carolina State University Real Estate Foundation legitimate?
South Carolina State University Real Estate Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. South Carolina State University Real Estate Foundation 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: $101,250
Professional Fundraising Fees: $0
Other Salaries and Wages: $361,687
For more financial information, click here
What is the mission statement of South Carolina State University Real Estate Foundation?
The South Carolina State University Real Estate Foundation is established to exclusively benefit the university, primarily focusing on acquiring, constructing, financing, pledging, improving, maintaining, operating, managing, and leasing housing facilities for its students and faculty. Furthermore, the foundation also takes on the responsibility of managing other real property to support the university's needs. The primary mission of the foundation is to provide suitable living spaces for the students and faculty of South Carolina State University, supporting the university's operations and growth.
Who is the CEO of South Carolina State University Real Estate Foundation?
Mr Howard Jackson Mpa is the Director of South Carolina State University Real Estate Foundation.
What is the revenue of South Carolina State University Real Estate Foundation?
South Carolina State University Real Estate Foundation's revenue in 2022 was $2,778,573.
Who are the executives of South Carolina State University Real Estate Foundation and what are their salaries?
The average compensation at South Carolina State University Real Estate Foundation during 2022 was $18,517. There are 25 employees at South Carolina State University Real Estate Foundation.
Here are 11 key members and their salaries:
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- Compensation: $30,000
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- Other: $0
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- Compensation: $21,000
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- Other: $0
- Compensation: $50,250
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- Other: $0
Where can I find the form 990 for South Carolina State University Real Estate Foundation?
South Carolina State University Real Estate Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of South Carolina State University Real Estate Foundation
The South Carolina State University Real Estate Foundation is established with a mission to primarily benefit the South Carolina State University. This mission involves acquiring, constructing, financing, pledging, improving, maintaining, operating, managing, and leasing housing facilities for the university's students and faculty. The foundation also extends its reach to acquiring other real property, which the university would otherwise have to provide and maintain itself, all for the sole benefit and support of the university. The operations of the University Village Student Housing are a part of this mission.
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Impact
July, 2024
South Carolina State University Real Estate Foundation's impact is significant in providing housing facilities for students and faculty of South Carolina State University. By acquiring, constructing, financing, and managing housing options, the foundation supports the university community's living needs. This initiative helps enhance the overall experience and support system for students and faculty, contributing to a conducive environment for learning and growth.
This information is meant to be a general summary of South Carolina State University Real Estate Foundation. 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.
- Program Service Revenue: $2,297,500
- Gross Receipts: $2,778,573
Assets and Liabilities:
- Total Assets: $6,869,401
- Total Liabilities: $7,142,854
- Net Assets: -$273,453
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOUSING
Revenue
$2,231,250
SUMMER LEASING
Revenue
$66,250
Organization Details
Founding Year
2004
Phone
(803) 516-4722Principal Officer
Mr Howard Jackson Mpa
Main Address
700 UNIVERSITY VILLAGE DR, ORANGEBURG, SC, 29115
NTEE Category
Code: B190 - Education
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