Overview
What is Southeastern Foundation Inc?
Southeastern Foundation Inc, located in Oklahoma, is a nonprofit organization primarily dedicated to awarding scholarships and offering educational support. They focus their efforts on Southeastern Oklahoma State University students, providing financial aid and backing university programs. Their mission is to foster educational opportunities and success among these students, contributing positively to the local community and higher education landscape.
Official website here: www.se.edu/foundation/
What are the reviews and ratings of this charity?
Charity Navigator Rating 88% - Three-Star out of Four Star Rating
Southeastern Foundation Inc has received a commendable Three-Star rating from Charity Navigator, reflecting strong performance in accountability and finance. The foundation's rating is derived solely from its accountability and finance score, which stands at 88%. This rating indicates that the organization is effectively managing its finances and ensuring transparency in its operations.
A notable strength of Southeastern Foundation Inc is its fully independent board, with 100% of its members meeting this criterion. The organization also excels in financial oversight, with a robust audit and oversight committee in place and no reported material diversion of assets. Additionally, the foundation maintains a high program expense ratio, indicating that a significant portion of its funds is directed towards its mission-related activities.
However, there are some areas for improvement. The organization lacks a whistleblower policy and a document retention and destruction policy, which could enhance its governance structure. Addressing these issues could further bolster the foundation's commitment to accountability and transparency. Overall, Southeastern Foundation Inc demonstrates a solid financial standing and governance practices, making it a reliable choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Southeastern Foundation Inc legitimate?
Southeastern Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southeastern 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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Other Salaries and Wages: $0
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Official website here: www.se.edu/foundation/
What is the mission statement of Southeastern Foundation Inc?
The Southeastern Foundation Inc's mission is centered around providing scholarly assistance. They fulfill this objective by granting scholarships and offering educational support to students attending Southeastern Oklahoma State University. By doing so, the foundation seeks to contribute to the academic success of its beneficiaries, thereby empowering them to pursue their educational goals effectively. The foundation also supports university programs at Southeastern Oklahoma State University, further reinforcing its commitment to fostering learning opportunities.
Official website here: www.se.edu/foundation/
Who is the CEO of Southeastern Foundation Inc?
Jim Mcguire is the Treasurer of Southeastern Foundation Inc.
Official website here: www.se.edu/foundation/
What is the revenue of Southeastern Foundation Inc?
Southeastern Foundation Inc's revenue in 2023 was $3,429,687.
Official website here: www.se.edu/foundation/
Who are the executives of Southeastern Foundation Inc and what are their salaries?
There 50 volunteers at Southeastern Foundation Inc.
Here are 9 key members and their salaries:
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Official website here: www.se.edu/foundation/
Where can I find the form 990 for Southeastern Foundation Inc?
Southeastern Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.se.edu/foundation/
Learn more at the official website: www.se.edu/foundation/
Mission Statement of Southeastern Foundation Inc
Southeastern Foundation, a nonprofit organization, is committed to providing scholarships and educational support. Their mission is to award scholarships and bolster university programs for students at Southeastern Oklahoma State University. By offering financial aid and backing academic initiatives, this foundation is instrumental in empowering students, enabling them to pursue their educational goals and contribute to their communities positively.
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Impact
July, 2024
Southeastern Foundation Inc's impact is significant in providing scholarships and educational support to students at Southeastern Oklahoma State University. By awarding scholarships and supporting university programs, the organization plays a crucial role in helping students pursue their educational goals and achieve academic success. This support not only benefits individual students but also contributes to the overall growth and development of the university community.
This information is meant to be a general summary of Southeastern 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 2023.
- Investment Income: $895,191
- Program Service Revenue: $1,109,486
- Gross Receipts: $17,871,638
Assets and Liabilities:
- Total Assets: $38,825,234
- Total Liabilities: $7,865,786
- Net Assets: $30,959,448
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$12,930
STUDENT HOUSING
Revenue
$1,096,556
Organization Details
Founding Year
1967
Phone
(580) 745-2000Principal Officer
Jim Mcguire
Main Address
425 W UNIVERSITY BLVD, DURANT, OK, 74701
Website
www.se.edu/foundation/NTEE Category
Code: B110 - Education
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