Overview
What is The University Foundation At Sacramento State?
The University Foundation at Sacramento State is a tax-exempt 501 (C) 3 organization that invests and manages funds for the benefit of Sacramento State University. Established in 1987, it is the university's primary philanthropic auxiliary, led by a volunteer board of directors composed of prominent professionals and business leaders. The board offers guidance on investments and manages gift funds to ensure they fulfill their designated purposes, which may be expended or endowed. The foundation supports student-centered programs, raising private resources to advance the university's mission and serving as community ambassadors. The board provides stewardship in the prudent investment of resources, ensuring the foundation's integrity through accountability and transparency in its dealings. The University Foundation is dedicated to supporting programs that expand knowledge and prepare students for meaningful lives, careers, and community service. It raises funds for scholarships, emergency funds, capital projects, and other initiatives, accelerating the university's impact on individual lives and the world.
Official website here: www.csus.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%, Four-Star out of Four Stars
The University Foundation at Sacramento State has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization earned a perfect score in several areas, including having a majority of independent board members and demonstrating effective oversight through its Audit and Oversight Committee.
Financially, the foundation shows a robust program expense ratio of 86.74%, indicating that a significant portion of its funds directly supports its programs. Additionally, it maintains a low fundraising efficiency ratio, suggesting it spends very little to raise funds, which is a positive indicator of operational effectiveness. The organization also has a favorable liabilities-to-assets ratio of 0.49%, showcasing its financial stability.
While the data highlights the foundation's strong governance and financial operations, there are no noted limitations or concerns in the summary provided. Overall, the University Foundation at Sacramento State appears to be a well-managed nonprofit committed to its mission and responsible use of resources.
This AI summary has been generated from information found on Charity Navigator.
Is The University Foundation At Sacramento State legitimate?
The University Foundation At Sacramento State is a legitimate nonprofit organization registered as a 501(c)(3) entity. The University Foundation At Sacramento State 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: $154,215
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.csus.edu
What is the mission statement of The University Foundation At Sacramento State?
The University Foundation at Sacramento State works to enhance the university's excellence by promoting philanthropy and raising private resources. Guided by a volunteer board of directors, this tax-exempt organization serves as the university's primary philanthropic auxiliary. The board manages gift funds and ensures they fulfill their designated purposes, while also providing guidance on investments. The University Foundation is dedicated to supporting student-centered programs, contributing to the university's mission of providing a quality education and preparing students for meaningful lives. Fundraising efforts focus on student scholarships, emergency funds, capital projects, and other initiatives that align with the university's priorities.
Official website here: www.csus.edu
What is the revenue of The University Foundation At Sacramento State?
The University Foundation At Sacramento State's revenue in 2024 was $23,413,225.
Official website here: www.csus.edu
Who are the executives of The University Foundation At Sacramento State and what are their salaries?
There 19 volunteers at The University Foundation At Sacramento State.
Here are 30 key members and their salaries:
- Compensation: $0
- Related: $429,072
- Other: $73,168
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- Related: $211,909
- Other: $61,084
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- Related: $187,510
- Other: $72,605
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- Related: $95,483
- Other: $52,297
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- Related: $63,318
- Other: $84
- Compensation: $0
- Related: $53,375
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- Related: $270,169
- Other: $75,123
- Compensation: $0
- Related: $447,599
- Other: $62,264
Official website here: www.csus.edu
Where can I find the form 990 for The University Foundation At Sacramento State?
The University Foundation At Sacramento State's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.csus.edu
Learn more at the official website: www.csus.edu
Mission Statement of The University Foundation At Sacramento State
The University Foundation at Sacramento State plays a crucial role in advancing the University's mission beyond the capabilities of state funds. This philanthropic organization, led by a volunteer board of prominent professionals and business leaders, acts as the primary auxiliary for the University and is a tax-exempt 501 (C) 3 organization.
The University Foundation promotes philanthropy to provide a level of excellence at the University that surpasses what is possible through state funding. By helping to raise private resources, the board of directors serves as ambassadors in the community and ensures the integrity of the foundation through accountable and transparent dealings. The board offers guidance on investments and meticulously manages gift funds to ensure they meet their intended purposes. The foundation accounts for gifts and contributions to the University, ensuring the funds are allocated according to the donor's intentions.
The University Foundation supports student-centered programs that align with the University's mission to provide an excellent education, preparing students for meaningful lives, careers, and community service. The organization's fundraising efforts prioritize student scholarships, emergency funds for students, faculty, and staff, capital projects, and other unit-specific initiatives. By accelerating the University's transformational impact on individual lives, diverse communities, Sacramento, California, and the world, the University Foundation aims to make a significant difference.
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Impact
October, 2024
The University Foundation at Sacramento State significantly enhances the educational experience at the university by promoting philanthropic support that supplements state funding. Since its inception in 1987, the Foundation has played a crucial role in raising private resources that directly impact students and academic programs.
Through its volunteer Board of Directors, composed of esteemed professionals and business leaders, the Foundation ensures accountability and transparency in managing donor contributions. This governance structure allows the organization to prudently invest resources, ensuring they fulfill their intended purposes while supporting the university’s mission.
By focusing on student-centered programs, the Foundation directly contributes to scholarships, emergency funds for students, and specific initiatives tailored to various university units. These efforts help provide a level of excellence that transforms individual lives, enriches diverse communities, and fosters growth in Sacramento, California, and beyond. Overall, the University Foundation at Sacramento State is instrumental in enhancing the quality of education and promoting a culture of philanthropy that benefits the entire university community.
This information is meant to be a general summary of The University Foundation At Sacramento State. 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: $3,087,070
- Program Service Revenue: $372,197
- Gross Receipts: $46,637,653
Assets and Liabilities:
- Total Assets: $93,463,770
- Total Liabilities: $473,023
- Net Assets: $92,990,747
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
UNIVERSITY PROGRAMS
Revenue
$372,197
Organization Details
Founding Year
1986
Principal Officer
Lisa Cardoza
Website
www.csus.eduNTEE Category
Code: B110 - Education
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