Education
(B43)
IRS Verified
DX Registered
990 on File
SOUTHERN CONNECTICUT STATE UNIVERSITY FOUNDATION INC
Financial strength (30%)
76/100
Reliability (20%)
70/100
Effectiveness (25%)
78/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Mission Statement
The mission of the Southern Connecticut State University Foundation is to solicit, receive, and administer gifts and financial resources from private sources for the benefit of the campus and programs of Southern Connecticut State University. The Foundation operates exclusively to promote the educational, scientific, literary, and cultural objectives of the University. As the primary fundraising vehicle to solicit and administer private gifts and grants that will enhance Southern's mission, the Foundation supports the University's pursuit of excellence in teaching, research, and public service.
Financial Overview — FY 2024
$5.0M
Total Revenue
$5.2M
Total Expenses
$53.8M
Net Assets
0
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
89.1%
Fundraising Efficiency
671.5%
Operating Reserve
124.66x
Liability-to-Asset
1.9%
Revenue Diversification
53.4%
Compared with Peers
FY 2024
Compared with 7,551 similar organizations
(United States, Education, $1M–$10M in expenses), FY 2024.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
89.1% | 84.5% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
6.3% | 12.8% |
P10P90
|
Top quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
4.6% | 0.0% |
P10P90
|
Bottom quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
671.5% | 57.0% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
124.7 mo | 9.0 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
1.9% | 18.6% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
53.4% | 89.9% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
5.9% | 7.7% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
25.3% | 8.7% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-3.0% | 2.9% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $5.0M | $5.2M | $53.8M | 89.1% | 0 |
| 2023 | $4.7M | $4.1M | $49.4M | 85.1% | 0 |
| 2022 | $6.8M | $3.6M | N/A | — | 0 |
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