Overview
What is Alabama State University Foundation Inc?
Alabama State University Foundation Inc, located in Montgomery, AL, serves as a student service organization. Their primary mission is to bolster the educational needs and objectives of Alabama State University, its faculty, and students. They achieve this by responsibly managing financial programs, ensuring the organization's viability and continuing support for the university's activities. The foundation operates with the aim to perpetuate its presence, making significant contributions to Alabama State University's educational endeavors.
What are the reviews and ratings of this charity?
Charity Navigator Rating 80% - Three-Star out of Four Star rating
The Alabama State University Foundation Inc has achieved a solid Three-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The overall score is driven entirely by high marks in several key areas, indicating a robust governance structure with a fully independent board and sound financial practices.
The foundation excels in various aspects, including a 92.29% program expense ratio, which shows that the majority of its funds are allocated directly to its programs. Additionally, it has demonstrated excellent fundraising efficiency, with minimal costs incurred in raising funds. The organization also maintains a healthy balance sheet, with a liabilities to assets ratio of only 1.49%, indicating financial stability.
While the foundation's score reflects strong governance and financial health, potential donors may want to consider how the organization engages with the community and its long-term impact, as these factors were not detailed in the available data. Overall, the foundation appears to be a responsible steward of its resources, making it a commendable choice for those looking to support educational initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Alabama State University Foundation Inc legitimate?
Alabama State University Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alabama 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: $183,458
For more financial information, click here
What is the mission statement of Alabama State University Foundation Inc?
The Alabama State University Foundation Inc. has a mission to perpetuate a sustainable organization that assists in meeting the educational needs and objectives of Alabama State University, its faculty, and students. This is achieved through responsible financial management of various programs. The primary goal of Alabama State University Foundation is to support the educational pursuits of the university and its students, ensuring their success.
Who is the CEO of Alabama State University Foundation Inc?
Col Greg Clark is the Executive Di of Alabama State University Foundation Inc.
What is the revenue of Alabama State University Foundation Inc?
Alabama State University Foundation Inc's revenue in 2022 was $6,628,190.
Who are the executives of Alabama State University Foundation Inc and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $8,333
- Other: $0
- Compensation: $0
- Related: $20,000
- 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
Where can I find the form 990 for Alabama State University Foundation Inc?
Alabama State University Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Alabama State University Foundation Inc
Alabama State University Foundation, Inc., is committed to perpetuating a sustainable organization that champions the educational needs and goals of Alabama State University, its faculty, and students. This is achieved through responsible financial management and the execution of various programs. The primary objective of this nonprofit organization is to support the activities of Alabama State University, ensuring its continued growth and success.
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Impact
July, 2024
Alabama State University Foundation Inc's impact is in perpetuating a viable organization that supports the educational needs and goals of Alabama State University, its faculty, and students through responsible management of financial programs. Its mission is to ensure the sustainability and advancement of educational initiatives at Alabama State University, making a significant contribution to the university's growth and development.
This information is meant to be a general summary of Alabama 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: $63,596
- Gross Receipts: $6,628,190
Assets and Liabilities:
- Total Assets: $10,391,471
- Total Liabilities: $155,248
- Net Assets: $10,236,223
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Organization Details
Phone
(334) 229-4772Principal Officer
Col Greg Clark
Main Address
PO BOX 1046, MONTGOMERY, AL, 36101
NTEE Category
Code: B80 - Education
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