Overview
What is California State University Channel Islands Foundation?
California State University Channel Islands Foundation is a non-profit organization, a 501(c)(3), based in Camarillo, California, with the address ONE UNIVERSITY DRIVE. The primary mission of the foundation is to support the educational pursuits of California State University, Channel Islands (CSUCI) students. Through scholarships and fellowships, the foundation provides financial assistance, including tuition and education-related expenses, based on specific criteria and eligibility. Established to complement state funding, the foundation encourages and accepts private donations, acting as a catalyst for gifts and endowment income that directly benefit the university, ensuring the highest quality education for its students.
What are the reviews and ratings of this charity?
Charity Navigator Rating 97% - Four-Star out of Four Star Rating
The California State University Channel Islands Foundation has achieved a commendable 97% rating from Charity Navigator, indicating a high level of accountability and financial management. This score is derived entirely from their excellent performance in the Accountability & Finance category, reflecting the foundation's commitment to transparency and responsible stewardship of funds.
Strengths of the organization include a fully independent board comprised of 23 members and a robust financial oversight structure, which has been validated by a comprehensive audit process. The foundation has demonstrated effective financial practices, notably a program expense ratio of nearly 93%, showcasing their focus on programmatic impact rather than administrative costs. Their financial health is further reinforced by a favorable liabilities-to-assets ratio and a remarkable working capital ratio, suggesting long-term stability.
While the foundation excels in accountability and finance, there are no noted limitations or concerns in the feedback received. This strong financial standing, combined with adherence to best practices in governance, positions the California State University Channel Islands Foundation as a reliable and effective nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is California State University Channel Islands Foundation legitimate?
California State University Channel Islands Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. California State University Channel Islands 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 California State University Channel Islands Foundation?
The California State University Channel Islands Foundation was established as a non-profit organization to support the educational mission of California State University, Channel Islands. With state funds alone being insufficient to provide top-quality education to students, the foundation encourages and accepts private donations to bridge the gap. Acting as a catalyst and conduit, the foundation facilitates the flow of gifts and endowment income to the university, providing both immediate and long-term financial assistance. In essence, the California State University Channel Islands Foundation enhances the educational experience for students by supplementing the resources provided by state funding.
Who is the CEO of California State University Channel Islands Foundation?
Barbara Rex is the Board Member of California State University Channel Islands Foundation.
What is the revenue of California State University Channel Islands Foundation?
California State University Channel Islands Foundation's revenue in 2022 was $43,468,637.
Who are the executives of California State University Channel Islands Foundation and what are their salaries?
There 21 volunteers at California State University Channel Islands Foundation.
Here are 23 key members and their salaries:
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Where can I find the form 990 for California State University Channel Islands Foundation?
California State University Channel Islands Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of California State University Channel Islands Foundation
The California State University Channel Islands Foundation plays a vital role in enhancing the educational experience at California State University, Channel Islands (CSUCI). With the understanding that state funds alone cannot fully cover the costs required to provide top-notch education to students, this non-profit organization was established in 1985.
The Foundation serves as a catalyst and conduit for private gifts to flow towards the university, bridging the gap between public funding and the expenses needed to deliver an exceptional education. By accepting donations and managing endowments, the California State University Channel Islands Foundation provides immediate and long-term support to CSUCI. This financial assistance enables the university to invest in advanced facilities, cutting-edge technology, and innovative programs to ensure students receive a world-class education.
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Impact
October, 2024
California State University Channel Islands Foundation plays a vital role in enhancing the educational landscape at CSU Channel Islands. By providing scholarships and fellowships, the Foundation offers critical financial support that helps students cover tuition and related expenses. This assistance is essential for making higher education accessible to a diverse student body and promoting academic success.
In a climate where state funding alone is insufficient to meet all the educational needs of students, the Foundation acts as a crucial link between private donors and the university. It mobilizes resources that allow CSU Channel Islands to deliver a high-quality educational experience, ensuring that students have the opportunities they need to thrive. This not only impacts individual lives but also strengthens the community and workforce by equipping graduates with the skills and knowledge necessary to succeed in their careers. Through its efforts, the Foundation fosters a collaborative environment where educational excellence is achieved, ultimately contributing to the growth and development of the region.
This information is meant to be a general summary of California State University Channel Islands 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 2022.
- Investment Income: $903,227
- Gross Receipts: $43,792,949
Assets and Liabilities:
- Total Assets: $82,922,750
- Total Liabilities: $489,922
- Net Assets: $82,432,828
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Organization Details
Founding Year
1996
Phone
(805) 437-8400Principal Officer
Barbara Rex
Main Address
ONE UNIVERSITY DRIVE, CAMARILLO, CA, 93012
NTEE Category
Code: B124 - Education
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