The Bloomsburg University Foundationinc
Nonprofit profile at a glance
- EIN
- 237088491
- IRS 990 coverage
- 2012–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Bloomsburg, PA, USA
- Phone
- 5703894995
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Single Organization Support
Reported finances
- Revenue
- $14,102,476
- Expenses
- $13,070,215
- Assets
- $116,643,608
- Liabilities
- $16,466,357
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
24 people listed
Executive titles in this filing
- JEROME DVORAK (EXECUTIVE DIRECTOR)
Highest reported compensation
- JEROME DVORAK (EXECUTIVE DIRECTOR): $262,276 total reported compensation
- STEPHANIE ULMER (VP OF ADVANCEMENT): $186,263 total reported compensation
- JOSEPH NEMETH (MAJOR GIFT OFFICER): $183,726 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The bloomsburg university foundation, inc. Inspires and stewards philanthropy and other revenue growth in support of commonwealth university.
What it reported doing in 2024
Grants & scholarships - the bloomsburg university foundation (buf) provides scholarships and awards to more than 890 students at commonwealth university (cu). These scholarships provide resources to help recruit students, reward incoming freshmen for their hard work and to retain returning students. This support is instrumental in helping the university reach its goal of providing a quality educational experience at an affordable cost. It allows cu to be a premier public comprehensive university, recognized as a center for thinking, learning and academic excellence. It also helps our university to continue to anticipate and address the changing needs of the commonwealth and to be a diverse community that produces positive change and encourages a culture of good stewardship of our resources and the environment, developing individuals who will be contributing citizens.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Grant intermediary. The nonprofit sent 65% of its reported program spending out as grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 65
- Transparency & Controls: 83
- Accountability: 100
- Sustainability: 69
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 75.8%; rating input score 76
- Program expense ratio: 63.9%; rating input score 64
- Fundraising efficiency: $2.56 raised per $1 spent on fundraising; rating input score 9; 9th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 7.3%; rating input score 61; 61st percentile among comparable filings
- Total-asset coverage ratio: 8.92; rating input score 90; 90th percentile among comparable filings
- Liabilities to assets ratio: 0.14; rating input score 67; 67th percentile among comparable filings
- Officer compensation ratio: 4.8%; rating input score 52; 52nd percentile among comparable filings
Growth
- Program expense growth: 11.3% per year; rating input score 100; 75th percentile among comparable filings
- Revenue growth: 3.3% per year; rating input score 100; 28th percentile among comparable filings
- Asset growth: 9.4% per year; rating input score 100; 62nd percentile among comparable filings
Details
- Where the money goes: 75.8% of revenue deployed · 63.9% of spending went to programs
- Governance: 23 of 23 board members independent · 9 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $8.4M in reported program spending
- Leadership: top reported pay $262K · 24 people listed · 3 of 6 pay-setting controls reported
- Consistency: 31 of 31 current checks pass
- Schedules: 10 filed schedules · includes major donors, grants, and executive pay
- Filing history: 11 filing years from 2012 to 2024
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- Related organizations: 7 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Fundraising efficiency scored 9/100.
- Review — Sustainability: Officer compensation ratio scored 52/100.