Overview
What is Athens State University Foundation?
Athens State University Foundation is a nonprofit organization situated in Athens, Alabama, specifically at 300 N BEATY STREET. Their primary mission is to foster a strong connection between the community and Athens State University, cultivate a robust alumni network, and procure funding for scholarships. To accomplish this, they actively engage in promoting the university, strengthening its alumni base, and securing financial aid for deserving students. The foundation plays a crucial role in supporting the educational endeavors at Athens State University.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating.
The Athens State University Foundation has received a solid Three-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The rating is based entirely on a comprehensive evaluation of its financial practices, with the foundation demonstrating a high level of transparency and governance. Particularly noteworthy is the foundation's independent board, which consists of 100% independent members, contributing to its strong oversight and operational integrity.
In terms of financial health, the foundation has a favorable liabilities to assets ratio of 2.27%, indicating sound financial management. Additionally, the program expense ratio stands at 67.86%, signifying that a substantial portion of its funds is directed towards its mission-related activities, which is a positive indicator of its commitment to effectiveness. The foundation also exhibits robust practices in documenting board meeting minutes and maintaining an audit and oversight committee.
However, while the foundation excels in accountability and financial management, potential donors and stakeholders may want to delve deeper into the specific programs and outcomes associated with their funding to fully understand the impact of their contributions. Overall, the foundation's strong rating reflects its dedication to responsible governance and financial stewardship.
This AI summary has been generated from information found on Charity Navigator.
Is Athens State University Foundation legitimate?
Athens State University Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Athens State University 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.
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What is the mission statement of Athens State University Foundation?
The Athens State University Foundation's mission is centered around supporting Athens State University. They actively promote the university within the surrounding community, aiming to foster a strong alumni base. Additionally, the foundation works diligently to secure funding for scholarships, thereby enabling deserving students to pursue their higher education. By doing so, the foundation plays a significant role in bolstering the university's reputation and ensuring access to education for many.
What is the revenue of Athens State University Foundation?
Athens State University Foundation's revenue in 2023 was $1,183,015.
Who are the executives of Athens State University Foundation and what are their salaries?
Here are 17 key members and their salaries:
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Where can I find the form 990 for Athens State University Foundation?
Athens State University Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Athens State University Foundation
Athens State University Foundation is an organization dedicated to supporting Athens State University. Its mission is multifaceted, encompassing three key areas. Firstly, the foundation promotes the university within its surrounding community, striving to raise awareness and foster a strong connection between the institution and its local populace. Secondly, the foundation works tirelessly to build a robust alumni network. By engaging with graduates and former students, the foundation aims to foster a sense of pride and belonging among this group, potentially encouraging further support and involvement in the university's future. Lastly, the foundation plays a crucial role in securing funding for scholarships. By seeking out and acquiring financial aid, the foundation helps ensure that talented and deserving students have the opportunity to attend Athens State University, regardless of their financial circumstances. Overall, Athens State University Foundation is committed to enhancing the university's reputation, fostering a strong alumni network, and providing financial aid through scholarships.
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Impact
July, 2024
The impact of Athens State University Foundation is significant in promoting Athens State University to the surrounding community, building a strong alumni group, and securing funding for scholarships. Through these efforts, the foundation plays a crucial role in supporting the university's mission to provide quality education and opportunities for students. Their work helps enrich the educational experience for current students and ensures the sustainability and growth of the university for future generations.
This information is meant to be a general summary of Athens State University 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 2023.
- Investment Income: $191,340
- Gross Receipts: $1,531,383
Assets and Liabilities:
- Total Assets: $7,010,036
- Total Liabilities: $167,895
- Net Assets: $6,842,141
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Organization Details
Founding Year
1981
Principal Officer
Keith Ferguson
NTEE Category
Code: B84 - Education
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