Overview
What is The Florida State University Foundation Inc?
The Florida State University Foundation is a nonprofit organization based in Tallahassee, Florida, with a mission to enhance the academic mission of Florida State University. By managing and raising funds, they foster relationships with alumni and friends, invest and expend funds to meet current and future needs, and advocate for charitable giving. Their support covers various aspects, including salaries, scholarships, research, capital funding, equipment, travel, and other expenses. These investments help maintain academic excellence through eminent scholar and professorships, curriculum development, internships, interdisciplinary work, and experiential learning. With a workforce of 142 employees, their efforts strengthen relationships with donors and serve as a crucial element to institutional greatness.
Official website here: www.foundation.fsu.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Stars)
The Florida State University Foundation Inc has received an 88% rating from Charity Navigator, reflecting strong performance in accountability and finance. With a majority of independent board members and robust financial oversight, the organization demonstrates a commitment to transparency and ethical governance. Key policies regarding conflict of interest, whistleblower protections, and financial audits are in place and accessible, contributing to its solid accountability standing.
Strengths of the Foundation include its efficient fundraising practices and a favorable liabilities to assets ratio, which indicates a healthy financial position. The Foundation's high score in compensating board members and its practice of distributing tax forms to the board prior to filing further showcases its dedication to maintaining high governance standards. However, the program expense ratio is notably lower than expected, suggesting that a smaller portion of its funds may be directed towards programmatic efforts compared to administrative or fundraising activities.
Despite its strong ratings, the Foundation has a notable limitation with its missing donor privacy policy, which could raise concerns among potential contributors about how their information is handled. Overall, while the Florida State University Foundation Inc exhibits many strengths, addressing the gaps in donor privacy could enhance its credibility and trust with stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is The Florida State University Foundation Inc legitimate?
The Florida State University Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Florida 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: $994,836
Professional Fundraising Fees: $386,635
Other Salaries and Wages: $7,511,705
For more financial information, click here
Official website here: www.foundation.fsu.edu
What is the mission statement of The Florida State University Foundation Inc?
The Florida State University Foundation enhances Florida State University's academic mission and vision through organized fundraising activities and funds management. By fostering relationships with alumni and friends, advocating charitable giving, and raising funds on behalf of FSU, the foundation supports academic endeavors in various ways. Academic support from the foundation includes salaries, scholarships and fellowships, research, capital funding, equipment and supplies, travel, and other expenses. These resources inspire students, strengthen academic programs, and contribute to institutional greatness. The foundation also maintains eminent scholar and professorship positions, ensuring academic excellence is sustained. Curriculum development, internships, interdisciplinary work, experiential learning, and academic enrichment all rely on private support provided by the Florida State University Foundation.
Official website here: www.foundation.fsu.edu
Who is the CEO of The Florida State University Foundation Inc?
John F Carrigan is the Trustee/Ex Officio V, Fsu President of The Florida State University Foundation Inc.
Official website here: www.foundation.fsu.edu
What is the revenue of The Florida State University Foundation Inc?
The Florida State University Foundation Inc's revenue in 2022 was $127,907,940.
Official website here: www.foundation.fsu.edu
Who are the executives of The Florida State University Foundation Inc and what are their salaries?
The average compensation at The Florida State University Foundation Inc during 2022 was $59,905. There are 142 employees and 545 volunteers at The Florida State University Foundation Inc.
Here are 55 key members and their salaries:
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- Related: $955,159
- Other: $208,441
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- Other: $38,609
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- Other: $41,013
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- Related: $338,134
- Other: $52,522
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- Other: $90,241
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- Other: $40,079
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- Related: $140,523
- Other: $35,497
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- Related: $148,887
- Other: $23,209
Official website here: www.foundation.fsu.edu
Where can I find the form 990 for The Florida State University Foundation Inc?
The Florida State University Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.foundation.fsu.edu
Learn more at the official website: www.foundation.fsu.edu
Mission Statement of The Florida State University Foundation Inc
The Florida State University Foundation, a renowned organization, plays a pivotal role in enhancing the academic mission and vision of Florida State University. By engaging in organized fundraising activities and funds management, it fosters relationships with alumni and friends, advocates for charitable giving, and raises funds on behalf of FSU. The foundation accomplishes this mission by investing and expending funds to meet the current and future needs of Florida State University.
Academic support is a significant aspect of the Florida State University Foundation's activities. It provides funds for salaries, scholarships and fellowships, research, capital funding, equipment and supplies, travel, and other expenses. These resources help the university's outstanding faculty inspire students, foster and enhance strong academic programs, and serve as a key element to institutional greatness. The foundation also supports eminent scholars and professorships, maintaining academic excellence by investing in the most accomplished faculty.
Curriculum development, internships, interdisciplinary work, experiential learning, and academic enrichment all require private support. The Florida State University Foundation's role in providing these essential resources enables the university to create and maintain a high-quality educational environment. By investing in these areas, the foundation ensures that Florida State University remains at the forefront of academic achievements.
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Impact
October, 2024
The Florida State University Foundation Inc significantly enhances the academic mission and vision of Florida State University (FSU) through its dedicated fundraising activities and effective funds management. By cultivating strong relationships with alumni and friends, the Foundation advocates for charitable giving and actively raises funds that support a wide range of academic purposes.
The Foundation's impact is evident in the allocation of resources that bolster FSU's academic programs, including salaries, scholarships, fellowships, research initiatives, and essential capital funding. This financial support enables the university's outstanding faculty to inspire students and develop strong educational offerings, contributing to the institution's overall excellence.
The Foundation plays a critical role in maintaining academic quality by funding eminent scholars and professorships, which are key to retaining top-tier faculty. Additionally, it supports curriculum development, internships, interdisciplinary work, and experiential learning opportunities—all vital components of a robust educational experience.
Overall, the Florida State University Foundation strengthens academic programs, enriches student learning, and fosters a culture of academic excellence at FSU, thus ensuring that the university continues to thrive as a leading institution of higher education.
This information is meant to be a general summary of The Florida 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: $70,875,594
- Program Service Revenue: $686,967
- Gross Receipts: $344,432,736
Assets and Liabilities:
- Total Assets: $940,918,551
- Total Liabilities: $21,769,757
- Net Assets: $919,148,794
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REGISTRATION/ADMIN
Revenue
$578,959
SPONSORSHIPS
Revenue
$108,008
Organization Details
Founding Year
1960
Phone
(850) 644-6000Principal Officer
John F Carrigan
Main Address
325 W COLLEGE AVENUE, TALLAHASSEE, FL, 32301
Website
www.foundation.fsu.eduNTEE Category
Code: B114 - Education
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