Overview
What is Georgia Southern University Foundation Inc?
The Georgia Southern University Foundation is a nonprofit organization based in Statesboro, Georgia, with a mission to assist Georgia Southern University in achieving educational excellence. Established in 1963, the foundation primarily accomplishes this by obtaining necessary resources and responsibly managing funds and assets. With 29 employees, it raises, invests, and distributes private dollars to support programs, projects, scholarships, equipment, and buildings at the university. By promoting higher education, the foundation aids Georgia Southern University in fulfilling its multifaceted mission, including cultural opportunities, economic growth, environmental quality, scientific and technological progress, social and personal well-being, and producing knowledgeable graduates.
Official website here: www.advancement/georgiasouthern.edu/foundatio
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Star Rating)
The Georgia Southern University Foundation Inc has achieved a commendable 100% rating from Charity Navigator, indicating a high level of accountability and financial health. This score is derived entirely from the organization’s performance in the Accountability & Finance beacon, reflecting their solid governance practices and transparent financial operations. The foundation demonstrates a strong commitment to independent oversight, with 95% of its board members being independent.
The organization excels in various financial metrics, showing a program expense ratio of 77.68%, which suggests that a significant portion of its funds are allocated directly to its programs. Its fundraising efficiency is notably strong at $0.08 per dollar raised, indicating effective resource utilization. Additionally, it has a robust working capital ratio of 15.09 years, which highlights its financial stability and sustainability.
There are no significant limitations noted in the data, with the foundation maintaining excellent practices regarding conflict of interest, whistleblower policies, and document retention. Overall, the Georgia Southern University Foundation Inc stands out as a well-managed nonprofit that prioritizes transparency and efficiency in its operations.
This AI summary has been generated from information found on Charity Navigator.
Is Georgia Southern University Foundation Inc legitimate?
Georgia Southern University Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Georgia Southern 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: $142,951
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.advancement/georgiasouthern.edu/foundatio
What is the mission statement of Georgia Southern University Foundation Inc?
The Georgia Southern University Foundation was established in 1963 to manage and administer private gifts, aiming to support the university's mission and priorities. The foundation primarily accomplishes this mission by securing the necessary resources for the university to achieve its goals and through responsible stewardship of funds and assets. The Georgia Southern University Foundation raises, invests, and distributes private dollars to fund programs, projects, scholarships, equipment, and buildings that contribute to the university's reputation for excellence. The foundation's primary goal is to promote higher education by assisting Georgia Southern University in fulfilling its multifaceted mission: to support cultural opportunities, economic growth, environmental quality, scientific and technological progress, social and personal well-being, and to graduate knowledgeable, clear-thinking, articulate students. The foundation also expands horizons through outreach in sciences and liberal arts, preservation of distinctive cultural legacies, and attention to the integrity of the environment.
Official website here: www.advancement/georgiasouthern.edu/foundatio
Who is the CEO of Georgia Southern University Foundation Inc?
Trip C Addison is the President of Georgia Southern University Foundation Inc.
Official website here: www.advancement/georgiasouthern.edu/foundatio
What is the revenue of Georgia Southern University Foundation Inc?
Georgia Southern University Foundation Inc's revenue in 2022 was $31,814,729.
Official website here: www.advancement/georgiasouthern.edu/foundatio
Who are the executives of Georgia Southern University Foundation Inc and what are their salaries?
There are 29 employees and 100 volunteers at Georgia Southern University Foundation Inc.
Here are 29 key members and their salaries:
- Compensation: $222,766
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- Other: $38,531
- Compensation: $166,753
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- Other: $15,613
- Compensation: $116,840
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Official website here: www.advancement/georgiasouthern.edu/foundatio
Where can I find the form 990 for Georgia Southern University Foundation Inc?
Georgia Southern University Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.advancement/georgiasouthern.edu/foundatio
Learn more at the official website: www.advancement/georgiasouthern.edu/foundatio
Mission Statement of Georgia Southern University Foundation Inc
The Georgia Southern University Foundation, a pillar of higher education support, was established in 1963 with a mission to secure private funding for various educational and institutional needs at Georgia Southern University that go beyond state allocations. A key objective for the Foundation is to "promote the cause of higher education" by assisting Georgia Southern University in fulfilling its multifaceted mission. This involves supporting cultural opportunities, economic growth, environmental quality, scientific and technological progress, and social and personal well-being.
The Foundation plays a pivotal role in developing knowledgeable, clear-thinking, articulate students by raising and managing funds. It enables Georgia Southern University to expand horizons through outreach in sciences and liberal arts, preservation of distinctive cultural legacies, and attention to the integrity of the environment. The Foundation's primary mission is to channel private dollars towards programs, projects, scholarships, equipment, and buildings that help Georgia Southern University maintain a reputation for excellence and continue its mission to educate students.
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Impact
October, 2024
The Georgia Southern University Foundation Inc significantly enhances the educational landscape by securing and managing private funds that support the university's mission and priorities. Established in 1963, the foundation provides essential resources that enable Georgia Southern University to achieve its goals, thereby promoting cultural opportunities, economic growth, and technological advancement.
Through strategic leadership in fundraising, the foundation plays a crucial role in funding programs, projects, scholarships, and facilities that advance academic excellence. This support allows the university to attract and retain talented students and faculty, fostering a vibrant academic community. The foundation's commitment to responsible stewardship ensures that the resources entrusted to it are invested wisely, creating long-term benefits for the university and its stakeholders.
By addressing educational and institutional needs that are often beyond the reach of state funding, the foundation cultivates an environment where students can thrive intellectually and personally. Its efforts directly contribute to the overall well-being of South Georgia's community, promoting a well-rounded education that prepares students to be articulate, knowledgeable, and engaged citizens. Additionally, the foundation's work supports initiatives to preserve cultural legacies and maintain the integrity of the environment, reflecting a holistic approach to higher education that benefits both the university and the wider community.
This information is meant to be a general summary of Georgia Southern 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: $23,432,676
- Gross Receipts: $39,578,558
Assets and Liabilities:
- Total Assets: $116,910,714
- Total Liabilities: $602,348
- Net Assets: $116,308,366
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Organization Details
Founding Year
1963
Phone
(912) 478-5519Principal Officer
Trip C Addison
Main Address
PO BOX 8053, STATESBORO, GA, 30460
NTEE Category
Code: B110 - Education
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