Overview
What is North Carolina State University Foundation Inc?
The North Carolina State University Foundation Inc, located in Raleigh, North Carolina, is a nonprofit organization dedicated to financially supporting various colleges within the university, libraries, and other university-related functions. Through financial assistance and other means, they contribute to the growth and development of these entities. The Foundation awards scholarships, fellowships, and other accolades based on the stipulations of contributors and the recommendations of the board of directors.
Official website here: www.see schedule o
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Star rating)
The North Carolina State University Foundation Inc has achieved a remarkable 95% rating from Charity Navigator, reflecting its strong accountability and financial management. The foundation primarily focuses on ensuring that funds are utilized effectively, with a high program expense ratio of 71.48%, which suggests a significant commitment to its core mission. The independent board, consisting of 27 members, demonstrates robust governance practices, with no reported material diversions of assets.
Strengths of the organization include a comprehensive conflict of interest policy, whistleblower policy, and thorough documentation of board meeting minutes, all contributing to its transparent operations. The absence of loans to or from officers and efficient fundraising practices further highlight its financial integrity. However, some weaknesses were noted, such as the missing audit and staff members listed on their website, which detract slightly from its overall transparency.
Despite these limitations, the foundation's strong financial health is evidenced by a low liabilities-to-assets ratio and a working capital ratio of 19.17 years. This indicates that the organization is not only well-managed but also well-positioned for future growth and sustainability, making it a trustworthy option for potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is North Carolina State University Foundation Inc legitimate?
North Carolina State University Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. North Carolina 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: $0
Other Salaries and Wages: $3,886,526
For more financial information, click here
Official website here: www.see schedule o
What is the mission statement of North Carolina State University Foundation Inc?
The North Carolina State University Foundation Inc plays a crucial role in supporting the academic institutions under its umbrella. It provides financial assistance and other resources to various colleges within the university, libraries, and other university-connected functions. The foundation's mission is geared towards advancing the educational pursuits within the university community.
Scholarships, fellowships, and other awards form an integral part of the foundation's efforts. These financial grants are awarded based on the conditions set forth by donors and the recommendations of the board of directors. By offering these opportunities, the foundation enables deserving students to further their education and contribute to the academic landscape.
In addition to financial support, the foundation's role extends to various university initiatives. Its contributions foster a thriving educational environment, ultimately enriching the learning experience for students. By prioritizing financial assistance and other forms of support, the North Carolina State University Foundation Inc remains steadfast in its commitment to the university and its community.
Official website here: www.see schedule o
Who is the CEO of North Carolina State University Foundation Inc?
Erin Delehanty is the Director of North Carolina State University Foundation Inc.
Official website here: www.see schedule o
What is the revenue of North Carolina State University Foundation Inc?
North Carolina State University Foundation Inc's revenue in 2023 was $51,768,749.
Official website here: www.see schedule o
Who are the executives of North Carolina State University Foundation Inc and what are their salaries?
There 26 volunteers at North Carolina State University Foundation Inc.
Here are 35 key members and their salaries:
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- Related: $290,924
- Other: $44,428
Official website here: www.see schedule o
Where can I find the form 990 for North Carolina State University Foundation Inc?
North Carolina State University Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.see schedule o
Learn more at the official website: www.see schedule o
Mission Statement of North Carolina State University Foundation Inc
The North Carolina State University Foundation Inc plays a vital role in supporting the academic institutions and related functions within the University. With a mission to financially assist and go beyond, the Foundation aids various colleges, the libraries, and other university-affiliated programs. The Foundation's contributions extend beyond monetary means, as it awards scholarships, fellowships, and other accolades based on the conditions stipulated by the benefactors and the recommendations of the Board of Directors.
In more detail, the North Carolina State University Foundation Inc plays a crucial role in sustaining the academic endeavors of the diverse colleges within the University. By providing financial assistance, the Foundation significantly contributes to the educational pursuits and overall success of these institutions. Furthermore, the Foundation's support extends to the libraries, which are essential resources for students and faculty alike. In addition to these primary areas of focus, the Foundation also contributes to various other university-linked functions that enhance the overall University experience.
The North Carolina State University Foundation Inc's philanthropic efforts are far-reaching and impactful. By awarding scholarships and fellowships, the Foundation recognizes and fosters the academic achievements of deserving students. These awards not only provide financial relief but also serve as valued recognition for the students' accomplishments. The Board of Directors, through their recommendations, plays an essential role in selecting the recipients of these awards, ensuring that the contributions align with the Foundation's mission and the donors' intentions.
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Impact
October, 2024
North Carolina State University Foundation Inc plays a pivotal role in enhancing the educational framework and resources available at NC State University. By providing financial assistance, the foundation supports various colleges within the university, libraries, and other associated functions, ensuring that both academic and extracurricular areas are well-funded.
The foundation awards scholarships, fellowships, and other academic recognitions, enabling students to pursue their academic goals without the burden of excessive financial strain. These awards are tailored according to the specific requirements set forth by contributors, as well as the recommendations of the board of directors. Through its financial support, the foundation fosters an environment conducive to learning and innovation, ultimately benefiting students, faculty, and the broader university community in Raleigh, NC.
This information is meant to be a general summary of North Carolina 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: $13,965,902
- Program Service Revenue: $7,877,605
- Gross Receipts: $61,947,499
Assets and Liabilities:
- Total Assets: $691,281,957
- Total Liabilities: $9,526,111
- Net Assets: $681,755,846
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROG.SERV.REVENUE
Revenue
$7,877,605
Organization Details
Founding Year
1942
Phone
(919) 513-7149Principal Officer
Erin Delehanty
Main Address
NCSU BOX 7207, RALEIGH, NC, 27695
Website
www.see schedule oNTEE Category
Code: B110 - Education
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