Overview
What is Alcorn State University Foundation Inc?
Alcorn State University Foundation Inc is a nonprofit organization situated in Lorman, Mississippi, with the address 1000 ASU DRIVE 810, 39096. The primary mission of this organization is to support the athletic department of Alcorn State University, providing both general and specific funding. This nonprofit also plays a role in promoting cultural welfare, developing and expanding facilities, and facilitating studies, research, and other academic pursuits at the university, as stated in its mission description. The Foundation aids in enhancing the educational environment and overall development of Alcorn State University.
What are the reviews and ratings of this charity?
Charity Navigator Rating 77% - Three-Star out of Four Star rating
The Alcorn State University Foundation Inc has received a solid Three-Star rating from Charity Navigator, indicating a commendable level of accountability and financial health. The score reflects a strong emphasis on organizational transparency and responsible management, with a focus solely on Accountability & Finance metrics.
One of the foundation's notable strengths is its governance structure, showcasing a fully independent board with ten members, which enhances credibility and trust. The organization has no recorded material diversions of assets and maintains a favorable liabilities to assets ratio, signaling a stable financial standing. Additionally, the foundation effectively documents board meeting minutes and ensures board members review tax forms prior to filing.
However, while the foundation excels in financial accountability, users seeking more extensive insights into its programmatic impact or community engagement may find limitations in the available data. The focus on financial metrics alone may not fully capture the broader effectiveness of the foundation's mission and initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Alcorn State University Foundation Inc legitimate?
Alcorn State University Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alcorn 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:
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Professional Fundraising Fees: $1,025
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What is the mission statement of Alcorn State University Foundation Inc?
The Alcorn State University Foundation Inc is a non-profit organization that plays a crucial role in supporting the university. Its mission is to foster cultural welfare, develop and expand facilities, and facilitate studies, research, and other academic pursuits. More specifically, the foundation provides financial aid to the athletic department of Alcorn State University, offering both general and specific funding. This support aims to enhance the athletic department's capabilities and contribute to the overall success of the university.
Who is the CEO of Alcorn State University Foundation Inc?
Dr Dennis Thomas is the Director of Alcorn State University Foundation Inc.
What is the revenue of Alcorn State University Foundation Inc?
Alcorn State University Foundation Inc's revenue in 2022 was $5,334,604.
Who are the executives of Alcorn State University Foundation Inc and what are their salaries?
Here are 16 key members and their salaries:
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Where can I find the form 990 for Alcorn State University Foundation Inc?
Alcorn State University Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Alcorn State University Foundation Inc
Alcorn State University Foundation Inc, as a non-profit organization, plays a vital role in supporting its affiliated university. Its mission is primarily focused on promoting cultural welfare, developing and expanding facilities, and facilitating studies, research, and other academic pursuits within the university. In simpler terms, the foundation aids in enhancing the academic environment and opportunities at Alcorn State University.
Specifically, Alcorn State University Foundation Inc provides financial assistance to the university's athletic department. This support is not limited to general funding but also includes providing funds for specific athletic needs. By doing so, the foundation contributes to the overall growth and success of the university's sports programs, thereby enriching the student experience and fostering a sense of school spirit.
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Impact
July, 2024
Alcorn State University Foundation Inc's impact is focused on providing general and specific funding to the athletic department of Alcorn State University in Lorman, Mississippi. By supporting athletics at the university, the foundation contributes to the development of student athletes, facilities, and academic pursuits. Their mission revolves around aiding the university in promoting cultural welfare, expanding facilities, and facilitating studies and research. Through their activities, the foundation plays a crucial role in enhancing the overall educational experience and athletic opportunities for students at Alcorn State University.
This information is meant to be a general summary of Alcorn 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: $164
- Gross Receipts: $5,334,604
Assets and Liabilities:
- Total Assets: $56,611,434
- Total Liabilities: $356,210
- Net Assets: $56,255,224
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Organization Details
Founding Year
1973
Phone
(601) 877-6693Principal Officer
Dr Dennis Thomas
Main Address
1000 ASU DRIVE 810, LORMAN, MS, 39096
NTEE Category
Code: B43I - Education
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