Overview
What is The Tower Foundation Of San Jose State University?
The Tower Foundation of San Jose State University is a non-profit organization based in San Jose, California, specifically located at One Washington Square with the ZIP code 95192. Established for educational purposes, its primary objectives include supporting and advancing San Jose State University through various means. These efforts include contributing to academic programs and facilities, scholarships for students, faculty, and faculty research projects, as well as athletics programs. The foundation aims to encourage philanthropy from SJSU alumni and friends by offering reliable and responsive charitable giving services, donor stewardship, and accurate accounting for all donations. The Tower Foundation employs a team of 135 individuals dedicated to fulfilling its mission.
Official website here: www.sjsu.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
The Tower Foundation of San Jose State University has achieved an impressive 97% rating from Charity Navigator, indicating strong performance in accountability and financial health. This high score reflects the charity's commitment to transparency, as evidenced by its comprehensive policies, including conflict of interest, whistleblower protections, and thorough documentation of board meeting minutes. The organization demonstrates a robust governance structure with 91% of its board members being independent.
One of the foundation's notable strengths includes a very high program expense ratio of 84.36%, which suggests that a significant portion of its funding is directed toward fulfilling its mission rather than administrative costs. Additionally, the organization shows exceptional fundraising efficiency, with a minimal cost incurred per dollar raised, highlighting its effective financial management.
Despite these strengths, there are no reported limitations or significant concerns regarding the foundation's operations or financial practices. Overall, the Tower Foundation stands out as a well-managed nonprofit that appears to be making a meaningful impact while adhering to rigorous standards of accountability and fiscal responsibility.
This AI summary has been generated from information found on Charity Navigator.
Is The Tower Foundation Of San Jose State University legitimate?
The Tower Foundation Of San Jose State University is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Tower Foundation Of San Jose State University 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $10,393,143
For more financial information, click here
Official website here: www.sjsu.edu
What is the mission statement of The Tower Foundation Of San Jose State University?
The Tower Foundation of San Jose State University exists to encourage philanthropy among alumni and friends of the university. It supports educational initiatives by providing reliable and responsive charitable giving services, donor stewardship, and accurate accounting for all gifts. The foundation's primary functions include assisting academic programs, libraries, classrooms, laboratories, and student scholarships at San Jose State University. It also facilitates faculty fellowships, professorships, research projects, and community initiatives, as well as athletics programs. The Tower Foundation is dedicated to enhancing the educational experience and advancing the objectives of San Jose State University.
Official website here: www.sjsu.edu
Who is the CEO of The Tower Foundation Of San Jose State University?
Tom Mccarron is the CEO of The Tower Foundation Of San Jose State University The CEO's salary of The Tower Foundation Of San Jose State University is $0 and their total compensation is $74,093.
Official website here: www.sjsu.edu
What is the revenue of The Tower Foundation Of San Jose State University?
The Tower Foundation Of San Jose State University's revenue in 2024 was $40,849,599.
Official website here: www.sjsu.edu
Who are the executives of The Tower Foundation Of San Jose State University and what are their salaries?
The average compensation at The Tower Foundation Of San Jose State University during 2024 was $19,872. There are 523 employees and 24 volunteers at The Tower Foundation Of San Jose State University.
Here are 34 key members and their salaries (The Tower Foundation Of San Jose State University's CEO's salary is $0 and their total compensation is $74,093):
- Compensation: $0
- Related: $426,454
- Other: $116,611
- Compensation: $0
- Related: $129,906
- Other: $65,783
- Compensation: $0
- Related: $88,335
- Other: $24,895
- Compensation: $0
- Related: $74,093
- Other: $0
- Compensation: $11,392
- Related: $76,397
- Other: $80,195
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $361,511
- Other: $35,903
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $287,306
- Other: $62,217
- Compensation: $0
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- Other: $0
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- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $218,394
- Other: $54,303
- Compensation: $1,372,900
- Related: $344,385
- Other: $94,629
- Compensation: $478,933
- Related: $343,796
- Other: $82,786
- Compensation: $163,455
- Related: $274,564
- Other: $100,172
- Compensation: $151,588
- Related: $219,273
- Other: $51,817
- Compensation: $136,636
- Related: $226,173
- Other: $82,786
- Compensation: $6,000
- Related: $385,011
- Other: $60,830
Official website here: www.sjsu.edu
Where can I find the form 990 for The Tower Foundation Of San Jose State University?
The Tower Foundation Of San Jose State University's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.sjsu.edu
Learn more at the official website: www.sjsu.edu
Mission Statement of The Tower Foundation Of San Jose State University
The Tower Foundation of San Jose State University is a charitable organization dedicated to encouraging philanthropy amongst alumni and friends of San Jose State University. It fulfills this mission by offering reliable and responsive charitable giving services, providing excellent donor stewardship, and ensuring accurate accounting for all gifts.
The primary focus of The Tower Foundation is to support the educational objectives of San Jose State University. It achieves this goal by providing assistance to academic programs, libraries, classrooms, laboratories, and scholarships for students. In addition, the Foundation offers faculty fellowships and professorships, funds faculty research and community projects, and backs athletics programs at the university. Through its various initiatives, The Tower Foundation plays a significant role in enhancing the quality of education and research at San Jose State University.
By promoting and advancing the objectives of San Jose State University, The Tower Foundation contributes to the long-term growth and success of the institution. Its commitment to education and academic excellence sets it apart as a vital partner in the San Jose State University community.
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Impact
October, 2024
The Tower Foundation of San Jose State University significantly enhances the educational landscape at SJSU by providing essential support for academic programs, facilities, and student initiatives. Its contributions facilitate improvements in libraries, classrooms, and laboratories, ensuring that students have access to state-of-the-art resources for their education.
Moreover, the foundation plays a vital role in empowering students through scholarships, which help alleviate financial burdens and make higher education more accessible. This support extends to faculty as well, with fellowships and research funding that foster academic excellence and innovation among instructors.
Additionally, the Tower Foundation bolsters athletics programs, contributing to the overall development of student-athletes and promoting a well-rounded university experience. By encouraging philanthropy among alumni and the community, the foundation cultivates a culture of giving, strengthening the university's mission and impact. Through its extensive programs and initiatives, the Tower Foundation is instrumental in advancing the objectives of San Jose State University and enriching the lives of its students and faculty.
This information is meant to be a general summary of The Tower Foundation Of San Jose State University. 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 2024.
- Investment Income: $5,493,600
- Program Service Revenue: $4,020,630
- Gross Receipts: $302,678,471
Assets and Liabilities:
- Total Assets: $280,294,745
- Total Liabilities: $46,627,617
- Net Assets: $233,667,128
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Reimbursements from SJSU/Auxiliar
Revenue
$4,020,630
Organization Details
Founding Year
2004
Principal Officer
Robin Reynolds
Website
www.sjsu.eduNTEE Category
Code: B11 - Education
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