Overview
What is Fsu Financial Assistance Inc?
Fsu Financial Assistance Inc is a nonprofit organization based in Tallahassee, Florida, serving as a direct-support entity of Florida State University. The primary function of this organization is to secure bond financing. Proceeds from the bonds issued have been allocated towards the expansion and improvement of educational facilities, including stadiums and athletic facilities. Fsu Financial Assistance Inc employs a team of four individuals in its operations.
What are the reviews and ratings of this charity?
Charity Navigator Rating 79%
Fsu Financial Assistance Inc has been rated with a Three-Star out of Four Star rating by Charity Navigator, indicating a solid performance in both accountability and finance. With a high percentage of independent board members and strong adherence to policies regarding financial oversight, the organization demonstrates a commitment to transparency and ethical governance.
The charity excels in its program expense ratio, allocating nearly all its resources towards its programs, which is a significant strength. This reflects a dedication to fulfilling its mission and supporting the community effectively. Additionally, there are no reported issues regarding asset diversion, which adds to the trustworthiness of the organization.
However, the organization has a low score in its liabilities to assets ratio, which suggests financial leverage may be a concern. While the overall rating is favorable, potential donors or supporters might want to consider this financial aspect when evaluating their involvement with Fsu Financial Assistance Inc.
This AI summary has been generated from information found on Charity Navigator.
Is Fsu Financial Assistance Inc legitimate?
Fsu Financial Assistance Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fsu Financial Assistance 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: $525,455
For more financial information, click here
What is the mission statement of Fsu Financial Assistance Inc?
Fsu Financial Assistance Inc is a direct-support organization of Florida State University, established to facilitate bond financing. While the organization does not have a formal mission statement, its primary focus lies in securing funds for the university's educational facilities expansion and improvements, including stadiums and athletic facilities. Bond proceeds are allocated towards these projects. The organization plays a crucial role in supporting the university's growth and development.
Who is the CEO of Fsu Financial Assistance Inc?
Jp Sinclair is the President (Thru 1/2/22) of Fsu Financial Assistance Inc.
What is the revenue of Fsu Financial Assistance Inc?
Fsu Financial Assistance Inc's revenue in 2022 was $16,927,919.
Who are the executives of Fsu Financial Assistance Inc and what are their salaries?
The average compensation at Fsu Financial Assistance Inc during 2022 was $131,364. There are 4 employees and 7 volunteers at Fsu Financial Assistance Inc.
Here are 11 key members and their salaries:
- Compensation: $0
- Related: $362,539
- Other: $7,204
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $421,771
- Other: $47,616
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $151,610
- Other: $15,368
- Compensation: $0
- Related: $127,791
- Other: $13,588
Where can I find the form 990 for Fsu Financial Assistance Inc?
Fsu Financial Assistance Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Fsu Financial Assistance Inc
Fsu Financial Assistance Inc, a direct-support organization of Florida State University, was established for the purpose of securing bond financing. The organization's resources are primarily utilized for refunding bonds issued in 2012, 2013, and 2015. Beyond bond financing, the proceeds from these bonds also support various expansion and improvement projects for Florida State University's stadium, athletic facilities, and other educational facilities.
In simpler terms, Fsu Financial Assistance Inc plays a crucial role in facilitating funding for Florida State University's development projects through bond financing. The organization's efforts contribute significantly to the improvement and expansion of the university's facilities, which encompass its stadium, athletic structures, and educational buildings.
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Impact
October, 2024
Fsu Financial Assistance Inc plays a vital role in enhancing the educational landscape at Florida State University (FSU) by facilitating essential funding through bond financing. The organization is instrumental in securing the financial resources needed for the expansion and improvement of stadiums, athletic facilities, and other educational infrastructure.
By managing the proceeds from various refunding bonds issued in series, Fsu Financial Assistance Inc directly contributes to the development of facilities that support student engagement, athletic performance, and overall campus life. This financial assistance helps foster a thriving academic environment, enabling FSU to offer state-of-the-art resources that enhance learning experiences and promote university growth.
In summary, the impact of Fsu Financial Assistance Inc lies in its ability to secure and manage crucial funding that leads to significant improvements and expansions at Florida State University, ultimately benefiting students, faculty, and the broader community.
This information is meant to be a general summary of Fsu Financial Assistance 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: $512
- Program Service Revenue: $11,371,073
- Gross Receipts: $16,927,919
Assets and Liabilities:
- Total Assets: $143,799,866
- Total Liabilities: $132,052,339
- Net Assets: $11,747,527
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SEAT SALES REVENUE
Revenue
$5,614,555
SKYBOX REVENUE
Revenue
$3,906,518
STADIUM LEASE
Revenue
$1,850,000
Organization Details
Founding Year
1994
Phone
(850) 644-8803Principal Officer
Jp Sinclair
Main Address
PO BOX 1353, TALLAHASSEE, FL, 323021353
NTEE Category
Code: B110 - Education
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