Overview
What is Angelo State University Foundation Inc?
The Angelo State University Foundation Inc, located in San Angelo, Texas, functions as a leading advocate for Angelo State University (ASU). With a mission to support ASU's growth and success, the Foundation raises funds and endowments on behalf of the university. They expertly manage and invest these funds to address the institution's various needs and further educational purposes at ASU, aligning with donors' wishes. The Foundation's activities include close collaboration with the Board of Regents and university administration, and working to promote all colleges, schools, and programs within ASU.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Stars)
The Angelo State University Foundation Inc has received an 82% rating from Charity Navigator, indicating a solid level of accountability and financial health. This score is based entirely on the organization's performance in the Accountability & Finance category, showcasing its commitment to maintaining transparency and effective management of resources.
Strengths of the foundation include a fully independent board and excellent scores in critical financial metrics such as the program expense ratio, which stands at an impressive 97.25%. Furthermore, the foundation has no reported issues with loans to or from officers, and its liabilities to assets ratio is remarkably low at 0.01%, indicating a strong financial position.
While the foundation's overall score is commendable, it is important to note that it is derived from a single beacon score. This might suggest that potential donors or stakeholders should look for additional information about the foundation's programmatic impact and community engagement efforts to get a more holistic view of its effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Angelo State University Foundation Inc legitimate?
Angelo State University Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Angelo 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.
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What is the mission statement of Angelo State University Foundation Inc?
The Angelo State University Foundation serves as an advocate for Angelo State University (ASU) by raising funds and endowments on its behalf. The foundation manages, invests, and distributes these funds to support educational purposes at ASU in accordance with donors' wishes. With a focus on broad-based needs, the foundation provides financial assistance to the university to enhance its administration, faculty, and student body. The organization's efforts have positively impacted numerous students and staff members at ASU. By working closely with the university administration and reporting on gifts and endowments, the foundation advances the institution's mission and supports all colleges, schools, and programs.
Who is the CEO of Angelo State University Foundation Inc?
Unavailable
What is the revenue of Angelo State University Foundation Inc?
Angelo State University Foundation Inc's revenue in 2022 was $15,586,420.
Who are the executives of Angelo State University Foundation Inc and what are their salaries?
There 15 volunteers at Angelo State University Foundation Inc.
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Where can I find the form 990 for Angelo State University Foundation Inc?
Angelo State University Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Angelo State University Foundation Inc
Angelo State University Foundation Inc, a dedicated advocate for the success of Angelo State University (ASU), works tirelessly to position the institution as a distinguished learning center. The Foundation's primary mission is to secure gifts and endowment funds on behalf of ASU, manage and invest these funds, and distribute them in accordance with the donors' wishes for educational purposes at the university.
By assuming this role, Angelo State University Foundation Inc plays a pivotal part in supporting the university's administration, faculty, and student body. The organization's efforts extend far and wide, touching the lives of countless students and faculty members each year. The Foundation's commitment to ASU's growth and development is evident in its unwavering dedication to ensuring the institution has the necessary resources to thrive.
Angelo State University Foundation Inc acts as a steadfast steward of funds, caring for donors and reporting on gifts and endowments. In close collaboration with the Board of Regents and the university administration, the Foundation works to report on these financial contributions and supports all colleges, schools, and programs at ASU. The Foundation's focus on financial assistance is essential to addressing the broad-based needs of Angelo State University, enabling it to continue providing high-quality education and opportunities for its community.
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Impact
October, 2024
Angelo State University Foundation Inc significantly enhances the educational landscape at Angelo State University (ASU) by raising essential funds and endowments that support a variety of initiatives. This organization serves as a champion for the university's mission, advocating for its recognition as an institution of distinction. By managing and investing foundation funds, it addresses the broad-based needs of the university, ensuring that resources are directed effectively for educational purposes.
The foundation's efforts directly benefit thousands of students each year, providing them with financial assistance that helps alleviate barriers to education. In addition to supporting students, the foundation also plays a crucial role in the development and enhancement of the faculty and staff, fostering an environment conducive to academic excellence.
Through its stewardship of donor gifts and endowments, the foundation cultivates lasting relationships with contributors, ensuring transparency and accountability in reporting. By collaborating closely with university leadership and the Board of Regents, the foundation not only safeguards the interests of donors but also aligns its initiatives with the strategic goals of ASU.
Ultimately, Angelo State University Foundation Inc is integral to promoting and supporting all colleges, schools, and programs within ASU, making a profound impact on the institution and the community it serves.
This information is meant to be a general summary of Angelo 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: $180,216
- Gross Receipts: $15,688,542
Assets and Liabilities:
- Total Assets: $39,498,493
- Total Liabilities: $0
- Net Assets: $39,498,493
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Organization Details
Founding Year
1977
Phone
(325) 942-2017Main Address
ASU STATION 11009, SAN ANGELO, TX, 769091009
NTEE Category
Code: B84Z - Education
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