Overview
What is California State University Northridge Foundation?
The California State University Northridge Foundation is a nonprofit organization that acts as an auxiliary body to California State University, Northridge. Its primary function involves managing and distributing donations, grants, contracts, bequests, and trusts received from various donors to different departments within the university. The foundation supports and enhances California State University, Northridge's vision, mission, and values by raising, investing, and managing private philanthropic gifts. Additionally, the foundation is responsible for accumulating and managing life income, annuity, and student scholarship funds, as well as administering funds for various education-related functions, special programs, and other activities.
Official website here: www.csun.edu/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating 100% - Four-Star out of Four Star rating
California State University Northridge Foundation has achieved a perfect score of 100% from Charity Navigator, reflecting exceptional standards in accountability and finance. This rating indicates a strong commitment to transparency, with a majority of independent board members and robust financial oversight mechanisms in place. The organization has demonstrated effective management practices, as evidenced by high scores in areas such as asset management and fundraising efficiency.
The foundation's program expense ratio is notably high at 84.65%, suggesting that a significant portion of its funding is directed towards its programs rather than administrative costs. Additionally, the organization exhibits strong financial health with a low liabilities to assets ratio and an impressive working capital ratio of 20.63 years, which indicates a strong capacity to sustain operations in the long term.
While the foundational strengths are clear, the data does not highlight any specific limitations or areas for improvement. Overall, California State University Northridge Foundation sets a commendable example for nonprofit management and accountability, offering stakeholders confidence in their financial stewardship and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is California State University Northridge Foundation legitimate?
California State University Northridge Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. California State University Northridge 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,923,058
For more financial information, click here
Official website here: www.csun.edu/foundation
What is the mission statement of California State University Northridge Foundation?
The California State University Northridge Foundation operates as an auxiliary organization to California State University, Northridge, with a primary goal of advancing the university's vision, mission, and values. The foundation's core function is to manage and distribute private philanthropic gifts from various donors to benefit the university. These funds are utilized to support diverse departments and initiatives within the university, including education-related functions, special programs, and scholarships. The foundation also helps the university in various activities, such as managing life income, annuity, and student scholarship funds, and administering grants for specific projects.
Official website here: www.csun.edu/foundation
Who is the CEO of California State University Northridge Foundation?
Nichole Ipach is the Director / Foundation President of California State University Northridge Foundation.
Official website here: www.csun.edu/foundation
What is the revenue of California State University Northridge Foundation?
California State University Northridge Foundation's revenue in 2022 was $53,911,038.
Official website here: www.csun.edu/foundation
Who are the executives of California State University Northridge Foundation and what are their salaries?
There 50 volunteers at California State University Northridge Foundation.
Here are 38 key members and their salaries:
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Official website here: www.csun.edu/foundation
Where can I find the form 990 for California State University Northridge Foundation?
California State University Northridge Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.csun.edu/foundation
Learn more at the official website: www.csun.edu/foundation
Mission Statement of California State University Northridge Foundation
The California State University Northridge Foundation, also known as CSUN Foundation, is a supporting organization that works in conjunction with California State University, Northridge. Its primary objective is to enhance the vision, mission, and values of CSUN by managing and dispersing private philanthropic gifts to various departments within the university.
The foundation plays a vital role in furthering the purposes and objectives of CSUN. By administering the receipt and disbursement of gifts, grants, contracts, bequests, and trusts from numerous donors, the foundation contributes significantly to the university's academic and educational initiatives. In addition, the CSUN Foundation assists the university in various activities, including the accumulation and management of life income, annuity, and student scholarship funds, as well as administering funds for various education-related functions, special programs, and other activities.
The California State University Northridge Foundation acts as an auxiliary organization, dedicated to supporting and strengthening the university's mission and values. Through the generous contributions of donors, the foundation enables CSUN to provide opportunities for students, fund research projects, and enhance the overall educational experience for the university community. By working in tandem with CSUN, the foundation fosters a culture of giving and continuous improvement, ultimately enriching the lives of students and faculty alike.
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Impact
October, 2024
California State University Northridge Foundation plays a crucial role in advancing the university’s mission and vision by managing philanthropic contributions to enhance educational opportunities and resources. Its primary function is to administer the receipt and distribution of donations, grants, and other financial support from a variety of sources, ensuring that these funds are allocated effectively across different university departments.
The Foundation not only supports the academic and extracurricular programs at California State University Northridge but also manages funds for essential services such as student scholarships and special initiatives. By accumulating and investing private donations, it strengthens the university's financial base, enabling the institution to offer more robust services, opportunities, and programs to its students and faculty.
Through its efforts, the Foundation fosters a culture of giving within the community, encouraging donors to invest in the educational landscape of Northridge. This, in turn, enhances the overall student experience and contributes to the growth and development of the university, ultimately benefiting the wider community.
This information is meant to be a general summary of California State University Northridge 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 2022.
- Investment Income: $7,614,377
- Program Service Revenue: $1,235,750
- Gross Receipts: $131,097,312
Assets and Liabilities:
- Total Assets: $308,403,163
- Total Liabilities: $690,220
- Net Assets: $307,712,943
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM INCOME
Revenue
$1,235,750
Organization Details
Founding Year
1995
Phone
(818) 677-4657Principal Officer
Nichole Ipach
Main Address
18111 NORDHOFF STREET, NORTHRIDGE, CA, 913308296
Website
www.csun.edu/foundationNTEE Category
Code: B114 - Education
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