Norfolk State University Foundation Inc.
Norfolk State University Foundation Inc.
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About this organization
Revenue
$5,215,617
Expenses
$3,050,775
Mission
The foundation provides financial support to Norfolk State University.
About
The foundation makes disbursements to Norfolk State University students who are designated by the university to receive scholarships from scholarship funds which have been established by various donors. Need based scholarships are provided to talented, financially disadvantaged students. Many students are able to attend Norfolk State University only because of the generosity and support of private donors who give to the foundation. Merit scholarships provided by the foundation, allows the university to recruit and retain top ranked students from across the nation and the world, adding to the rich academic environment of the university.
Interesting data from their 2020 990 filing
The non-profit's mission, as described in the filing, is “To provide financial support to norfolk state university.”.
When describing its duties, they were characterized as: “The foundation provides financial support to norfolk state university.”.
- The non-profit has complied with legal regulations by reporting their state of operation as VA.
- The filing shows that the non-profit's address as of 2020 is 700 PARK AVE, NORFOLK, VA, 23504.
- As of 2020, the non-profit has reported a total of 7 employees on their form.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $2,164,842.
- The organization has 31 independent voting members.
- The organization was formed in 1971.
- The organization pays $326,808 in salary, compensation, and benefits to its employees.
- The organization pays $175,562 in fundraising expenses.
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