Overview
What is Idaho State University Foundation Inc?
Idaho State University Foundation Inc, established in 1967, is a not-for-profit organization based in Pocatello, Idaho, with a mission to support its namesake university. The Foundation, managed by a volunteer Board of Directors, is independent from Idaho State University and focuses on two primary service areas: academic, development, and program support, and endowment and private resource management. By soliciting and managing donations, the Foundation enhances opportunities for students and maintains the donor database. The endowment and other privately donated funds are skillfully managed to generate returns and meet the university's spending needs.
Official website here: www.isu.edu/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating 100% - Four-Star out of Four Star rating
Idaho State University Foundation Inc has earned an impressive Four-Star rating from Charity Navigator, reflecting its exceptional performance in accountability and finance. The foundation's score is entirely based on its strong accountability metrics, demonstrating a commitment to transparency and responsible management of resources.
Key strengths include a fully independent board with 18 members, effective financial oversight with no material diversion of assets, and comprehensive policies in place, such as conflict of interest and whistleblower protections. The foundation also boasts a high program expense ratio, indicating that a significant portion of its funds is directed towards its charitable activities.
While the organization performs excellently in financial management, maintaining such high standards will be crucial to ensure ongoing trust and support from donors. Overall, the Idaho State University Foundation Inc stands out as a model of nonprofit efficiency and integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Idaho State University Foundation Inc legitimate?
Idaho State University Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Idaho 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: $21,492
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.isu.edu/foundation
What is the mission statement of Idaho State University Foundation Inc?
The Idaho State University Foundation's primary objective is to inspire private donations from various sources for the advantage of Idaho State University. The Foundation, established in 1967, functions as a not-for-profit organization with a volunteer Board of Directors, ensuring its independence from the University. Its mission is twofold: academic, development, and program support, and endowment and private resource management. In the first area, the Foundation solicits contributions, which expand opportunities for students and contribute to institutional excellence beyond state funding. The second area involves managing the University's endowment and privately donated funds, ensuring effective investment strategies and meeting the spending requirements of the University.
Official website here: www.isu.edu/foundation
Who is the CEO of Idaho State University Foundation Inc?
Arlo Luke is the Executive Vice President of Idaho State University Foundation Inc.
Official website here: www.isu.edu/foundation
What is the revenue of Idaho State University Foundation Inc?
Idaho State University Foundation Inc's revenue in 2022 was $39,421,629.
Official website here: www.isu.edu/foundation
Who are the executives of Idaho State University Foundation Inc and what are their salaries?
There 25 volunteers at Idaho State University Foundation Inc.
Here are 27 key members and their salaries:
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Official website here: www.isu.edu/foundation
Where can I find the form 990 for Idaho State University Foundation Inc?
Idaho State University Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.isu.edu/foundation
Learn more at the official website: www.isu.edu/foundation
Mission Statement of Idaho State University Foundation Inc
Idaho State University Foundation Inc is a not-for-profit organization dedicated to soliciting, holding, and managing donations for the betterment of Idaho State University. Established in March 1967, the Foundation operates under the management of a volunteer Board of Directors and is independent of the University, as per the Idaho State Board of Education's administrative rules.
The primary mission of the Foundation is to generate voluntary private support from alumni, friends, corporations, foundations, and others for the benefit of Idaho State University. This support contributes significantly to the University's academic, development, and program initiatives, providing opportunities for students and enhancing institutional quality beyond what is achievable through state funding alone.
Additionally, the Foundation plays a crucial role in managing the University's endowment and privately donated funds. It selects investment advisors and sets investment targets, allocations, and enhances returns on invested funds. The Foundation also manages cash flows from endowment and other funds to meet the University's spending needs, and maintains a donor database to facilitate effective communication and stewardship of donor relationships.
In summary, the Idaho State University Foundation Inc serves as a vital partner to the University by securing and managing private resources to bolster academic programs and institutional excellence.
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Impact
October, 2024
Idaho State University Foundation Inc plays a crucial role in enhancing educational opportunities and institutional excellence at Idaho State University. By soliciting, holding, and managing donations, the Foundation mobilizes private support from alumni, parents, friends, corporations, and other backers. This financial backing is essential, particularly in a context where state funding may not fully meet the University's needs.
The Foundation addresses two primary areas of impact: academic development and program support, as well as endowment and resource management. Through its efforts, it generates additional resources that enable students to access a higher quality education, engage in innovative programs, and ultimately achieve their academic goals.
Moreover, by managing the endowment and other privately donated funds, the Foundation ensures effective investment strategies that enhance returns and maintain financial stability for the University. This financial stewardship is vital for sustaining scholarships, research initiatives, and various student programs that contribute to an enriched learning environment.
Overall, Idaho State University Foundation Inc directly influences the educational landscape by creating opportunities that would be unattainable with reliance solely on public funding. Its efforts not only support the current student body but also contribute to the long-term success and growth of Idaho State University as a whole.
This information is meant to be a general summary of Idaho 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: $8,424,816
- Program Service Revenue: $1,334,897
- Gross Receipts: $56,513,103
Assets and Liabilities:
- Total Assets: $117,858,763
- Total Liabilities: $5,244,467
- Net Assets: $112,614,296
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Management Fee
Revenue
$867,925
Gift Fee Income
Revenue
$466,938
Organization Details
Founding Year
1967
Phone
(208) 282-3470Principal Officer
Arlo Luke
Main Address
921 South 8th Avenue Stop 8050, Pocatello, ID, 83209
Website
www.isu.edu/foundationNTEE Category
Code: B110 - Education
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