Fayetteville State University Foundation Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
TO RAISE AND DISBURSE FUNDS FOR PROGRAMS THAT WILL FURTHER THE EDUCATIONAL PURPOSES OF FAYETTEVILLE STATE UNIVERSITY.
- Income
- $3.1 million
- Spending
- $3.1 million
- Spent on programs
- 93%
- Reserves
- 10.4 months of spending
- Largest source of income
- fees for its services, 48%
- Employees
- 0
- Volunteers
- 28
- Highest pay
- $309,000, director
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Fair: 67 out of 100. Higher than 49% of charities in its peer group (education, $1m to $10m).
Reserves
28 of 35Spendable reserves would cover 10.4 months of spending.
Debt
16 of 20It owes 23% of what it owns.
Living within its means
8 of 15Spending exceeded income by 2% of income.
Income trend
0 of 15Income fell 31% on the year before.
Spending floor
15 of 1593% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Fair: 65 out of 100. Higher than 20% of charities in its peer group (education, $1m to $10m).
Independent board
25 of 2528 of 28 voting board members are independent.
Conflict of interest policy
0 of 15Reports no written conflict of interest policy.
Whistleblower policy
0 of 8Reports no written whistleblower policy.
Record keeping policy
0 of 7Reports no written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
0 of 5Reports no independent review process for its chief executive's pay.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (2)
- $2.9 million spent. A. TO SOLICIT, RECEIVE, HOLD, MANAGE, AND DISBURSE CONTRIBUTIONS, GIFTS, GRANTS, BEQUESTS, AND TRANSFERS OF FUNDS OR PROPERTY OF ANY NATURE FOR THE BENEFIT OF FAYETTEVILLE STATE UNIVERSITY, ITS STUDENTS, FACULTY, AND STAFF. TO USE THE NAME OF THE UNIVERSITY IN ANY WAY THAT WILL BENEFIT AND ENRICH OR ENLARGE UPON ITS FACILITIES AND PROGRAMS IN ACCORDANCE WITH THE DIRECTION OF THE DONORS AND ACCEPTABLE TO THE ADMINISTRATIVE OFFICIALS OF THE UNIVERSITY.B. TO ACT AS TRUSTEE, ESCROW, OR DISBURSING AGENT WITH RESPECT TO ANY ENDOWMENT, GIFT, GRANTS, CONTRIBUTIONS, OR BEQUESTS MADE FOR THE BENEFIT OF FAYETTEVILLE STATE UNIVERSITY, ITS STUDENTS, FACULTY, AND STAFF, UNDER THE TERMS OF THE TRUSTOR OR DONOR, AND TO CARRY ON SUCH FUNCTIONS AS WILL ACCOMPLISH THE PURPOSE AND INTENT OF THE GIFT, ENDOWMENT, TRUST, OR GRANT.C. TO SPONSOR, ENCOURAGE, CONDUCT, AND RENDER FINANCIAL ASSISTANCE IN STUDENT AID PROGRAMS, ALUMNI EVENTS, PUBLIC RELATIONS ACTIVITIES, FACULTY SUPPLEMENTS, CURRICULUM ENRICHMENT PROGRAMS, RESEARCH PROJECTS, AND STUDIES AS APPROVED BY THE PROPER AUTHORITIES OF THE UNIVERSITY.
- FSU HOUSING FOUNDATION LLC, A WHOLLY OWNED SUBSIDIARY, OPERATES A STUDENT HOUSING FACILITY. ITS PURPOSE IS TO OWN AND MANAGE OFF-CAMPUS HOUSING SPECIFICALLY FOR STUDENTS OF FAYETTEVILLE STATE UNIVERSITY. THIS ENSURES THAT STUDENTS HAVE ACCESS TO QUALITY HOUSING OPTIONS THAT MEET THEIR NEEDS WHILE ATTENDING THE UNIVERSITY.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending June 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since August 1911.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Could it be confused with another charity? Worth knowing.
A much larger organization has a similar name: Ohio State University Foundation (Columbus, OH), EIN 31-1145986. If that is the one you meant, check the EIN before giving.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.