Overview
What is Washington State University Foundation?
The Washington State University Foundation is a nonprofit organization located in Pullman, Washington, with the mailing address PO Box 641927. The Foundation's primary role is to support Washington State University and its regional campuses by promoting, accepting, and maximizing private contributions. These funds are managed, invested, and wisely stewarded according to donor agreements, with earmarked contributions used for general administrative expenses, entrepreneurial activities, and various university-wide programs. The Foundation plays a crucial role in enhancing the capabilities and opportunities for Washington State University by prudently managing and growing the assets entrusted to it. The team at the Foundation consists of 118 dedicated employees.
Official website here: www.foundation.wsu
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96% (Four-Star out of Four Star rating)
The Washington State University Foundation has achieved a high rating of 96% from Charity Navigator, reflecting its strong performance in accountability and finance. This score is significant as it indicates effective management of funds and transparency in operations, which are crucial for donor trust and support. The foundation's board comprises 95% independent members, demonstrating a commitment to governance free from conflicts of interest.
In terms of financial health, the foundation excels with a program expense ratio of 75.34%, suggesting a strong focus on its mission rather than administrative costs. Fundraising efficiency is also impressive, with only $0.09 spent to raise a dollar, indicating effective fundraising strategies. However, there are some limitations, as the foundation's audit is not available on its website, and staff member information is also missing, which may affect transparency in certain areas.
Overall, the Washington State University Foundation's robust accountability practices and financial ratios highlight its dedication to responsible management. While there are a few gaps in publicly available information, the overall performance supports its mission to benefit the university and its students.
This AI summary has been generated from information found on Charity Navigator.
Is Washington State University Foundation legitimate?
Washington State University Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Washington State University 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $2,150,322
Professional Fundraising Fees: $364,325
Other Salaries and Wages: $8,038,300
For more financial information, click here
Official website here: www.foundation.wsu
What is the mission statement of Washington State University Foundation?
The Washington State University Foundation functions with the mission to foster and amplify private contributions for various programs, initiatives, and properties affiliated with Washington State University and its regional campuses. The organization meticulously manages, invests, and preserves assets entrusted to it. The primary role of the Foundation involves distributing donated funds to the University, allocating them to general and administrative expenses, entrepreneurial projects, and university-wide programs, in accordance with donor agreements.
Official website here: www.foundation.wsu
Who is the CEO of Washington State University Foundation?
Michael C Connell is the CEO of Washington State University Foundation The CEO's salary of Washington State University Foundation is $421,493 and their total compensation is $477,160.
Official website here: www.foundation.wsu
What is the revenue of Washington State University Foundation?
Washington State University Foundation's revenue in 2024 was $111,558,149.
Official website here: www.foundation.wsu
Who are the executives of Washington State University Foundation and what are their salaries?
The average compensation at Washington State University Foundation during 2024 was $71,751. There are 142 employees and 230 volunteers at Washington State University Foundation.
Here are 41 key members and their salaries (Washington State University Foundation's CEO's salary is $421,493 and their total compensation is $477,160):
- Compensation: $421,493
- Related: $0
- Other: $55,667
- Compensation: $321,621
- Related: $0
- Other: $46,147
- Compensation: $273,488
- Related: $0
- Other: $41,671
- Compensation: $227,191
- Related: $0
- Other: $36,865
- Compensation: $229,501
- Related: $0
- Other: $31,125
- Compensation: $228,510
- Related: $0
- Other: $28,028
- Compensation: $189,160
- Related: $0
- Other: $28,166
- Compensation: $180,382
- Related: $0
- Other: $27,749
- Compensation: $162,650
- Related: $0
- Other: $26,422
- Compensation: $158,624
- Related: $0
- Other: $29,645
- Compensation: $155,525
- Related: $0
- Other: $26,125
- Compensation: $123,876
- Related: $0
- Other: $23,227
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Official website here: www.foundation.wsu
Where can I find the form 990 for Washington State University Foundation?
Washington State University Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.foundation.wsu
Learn more at the official website: www.foundation.wsu
Mission Statement of Washington State University Foundation
The Washington State University Foundation is a charitable organization dedicated to advancing the goals of Washington State University and its regional campuses. By promoting, accepting, and maximizing private support, the Foundation plays a crucial role in enhancing educational programs and initiatives at the university. The Foundation's mission extends to managing, investing, and stewarding the assets entrusted to it, ensuring their prudent use for the benefit of the institution and its students.
In practice, the Foundation does not directly provide program services but instead facilitates support for various university programs. Contributions made to the Foundation are distributed to Washington State University in accordance with donor agreements. These funds are allocated for general and administrative expenses, entrepreneurial activities, and other university-wide programs, bolstering the institution's capabilities and reach. The Foundation's commitment to its mission ultimately contributes to the ongoing growth and success of Washington State University.
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Impact
October, 2024
Washington State University Foundation significantly impacts the university and its regional campuses by promoting and maximizing private support for various programs, initiatives, and properties. Through its mission, the Foundation strategically manages and invests the assets entrusted to it, ensuring that donor contributions are utilized effectively.
By redistributing contributions in accordance with donor agreements, the Foundation supports a wide range of activities, including general administrative expenses, entrepreneurial initiatives, and university-wide programs. This financial backing allows Washington State University to enhance its educational offerings, innovate in research, and improve the overall student experience. Ultimately, the Foundation plays a critical role in advancing the university's mission and supporting its long-term goals.
This information is meant to be a general summary of Washington State University 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 2024.
- Investment Income: $5,745,966
- Program Service Revenue: $15,541,754
- Gross Receipts: $321,187,003
Assets and Liabilities:
- Total Assets: $699,641,456
- Total Liabilities: $16,561,766
- Net Assets: $683,079,690
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Management and advancement fee
Revenue
$9,825,569
Program support
Revenue
$5,716,185
Organization Details
Founding Year
1979
Principal Officer
Michael C Connell
Website
www.foundation.wsuNTEE Category
Code: B12 - Education
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