Overview
What is Nevada State College Foundation?
Nevada State College Foundation is a nonprofit organization situated in Henderson, Nevada, with the address 1125 Nevada State Drive. Their primary mission is to act as advocates for Nevada State College, managing funds they receive and raising additional resources to support the educational, technological, operational, facility, and research needs of the college's students, faculty, and staff. The foundation's main goal is to assist those in need, focusing on underprivileged and first-generation students, as well as those from culturally diverse backgrounds, who are disproportionately impacted by state budget cuts and tuition increases.
Official website here: www.nsc.nevada.edu/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
The Nevada State College Foundation has earned an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial transparency. The foundation scored 97% on its Accountability & Finance metrics, indicating robust governance and a well-managed financial structure. Notably, it has a fully independent board and has demonstrated exceptional oversight with no material diversion of assets.
Strengths highlighted include a high program expense ratio of 91.86%, which signifies that a large portion of its funds directly supports its charitable activities. The foundation also exhibits impressive fundraising efficiency with a cost of only $0.01 to raise a dollar, showcasing its effective financial stewardship. Furthermore, it maintains essential policies such as conflict of interest and whistleblower protections, contributing to its high score in accountability.
However, while the foundation excels in financial metrics and governance, it is essential for potential donors or stakeholders to continuously monitor its operational impact and program outcomes, as the rating primarily reflects financial practices rather than the effectiveness of its programs. Overall, the Nevada State College Foundation demonstrates a strong financial foundation, making it a trustworthy choice for contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Nevada State College Foundation legitimate?
Nevada State College Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nevada State College 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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Official website here: www.nsc.nevada.edu/foundation
What is the mission statement of Nevada State College Foundation?
The Nevada State College Foundation's mission, as outlined by its Board of Trustees, is primarily threefold. They serve as advocates for Nevada State College, acting as responsible guardians of funds received by the foundation. Additionally, their primary role is to raise funds to support the educational, technological, operational, facility, and research needs of the college's students, faculty, and staff. This support is crucial due to the high number of first-generation students and those from culturally diverse backgrounds who attend Nevada State College, who often require more assistance due to state budget cuts and tuition increases.
Official website here: www.nsc.nevada.edu/foundation
Who is the CEO of Nevada State College Foundation?
Sonnya Debonis is the Chair of Nevada State College Foundation.
Official website here: www.nsc.nevada.edu/foundation
What is the revenue of Nevada State College Foundation?
Nevada State College Foundation's revenue in 2023 was $6,075,473.
Official website here: www.nsc.nevada.edu/foundation
Who are the executives of Nevada State College Foundation and what are their salaries?
There 33 volunteers at Nevada State College Foundation.
Here are 13 key members and their salaries:
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Official website here: www.nsc.nevada.edu/foundation
Where can I find the form 990 for Nevada State College Foundation?
Nevada State College Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.nsc.nevada.edu/foundation
Learn more at the official website: www.nsc.nevada.edu/foundation
Mission Statement of Nevada State College Foundation
The Nevada State College Foundation serves several crucial roles in supporting Nevada State College. Primarily, its mission is to act as advocates for the college, managing funds received by the foundation, and raising funds to cater to the educational, technological, operational, facility, and research needs of the students, faculty, and staff. In essence, the foundation functions as a fiduciary steward, ensuring the college's resources are utilized effectively and efficiently.
Additionally, the Nevada State College Foundation is dedicated to providing financial aid to students in need, especially those who are the first generation in their families to pursue higher education and those from culturally diverse backgrounds. These groups often require more assistance due to state budget cuts and tuition increases. By raising funds, the foundation aims to alleviate some of the financial burden these students face, thereby enabling them to pursue their educational goals.
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Impact
July, 2024
The Nevada State College Foundation has had a significant impact by raising funds for scholarships for needy and deserving students at Nevada State College. This support is particularly crucial as approximately 50% of NSC's student body are the first-generation in their families to attend an institution of higher learning, and about 48% are from culturally diverse populations. These students require additional assistance due to state budget cuts and tuition increases. By providing scholarships, the Foundation is helping these students access higher education and pursue their academic goals, ultimately contributing to their personal growth and the diversity of the student body at Nevada State College.
This information is meant to be a general summary of Nevada State College 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 2023.
- Investment Income: $98,500
- Gross Receipts: $6,075,473
Assets and Liabilities:
- Total Assets: $11,828,756
- Total Liabilities: $5,490
- Net Assets: $11,823,266
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Organization Details
Founding Year
2000
Phone
(702) 992-2366Principal Officer
Sonnya Debonis
Main Address
1125 NEVADA STATE DRIVE, HENDERSON, NV, 89002
NTEE Category
Code: B11 - Education
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