Overview
What is Ave Maria University Inc?
Ave Maria University Inc is a Florida-based nonprofit institution dedicated to higher education with a focus on baccalaureate, master's, and doctorate degrees. The university, founded in adherence to the Roman Catholic Church's teachings, is committed to fostering intellectual and moral growth through a liberal arts curriculum. With a student body of approximately 1,243 during the fall of 2021-2022, Ave Maria University boasts a workforce of 848 employees. Rooted in Catholic tradition, the university promotes dialogue between faith and reason while sponsoring professional and pre-professional programs to address local and societal needs. The mission of Ave Maria University is to foster teaching, research, and learning, ultimately cultivating men and women in the intellectual and moral virtues of the Catholic faith.
Official website here: www.avemaria.edu
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96% (Four-Star out of Four Star rating)
Ave Maria University Inc has earned a commendable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. The organization scores 96% overall, with a perfect score in several key areas, including the independence of its board and the management of its financial statements. Such high ratings indicate that the university operates transparently and responsibly, making wise use of its resources.
The university’s board is entirely independent, contributing to its governance quality, and it maintains robust audit and oversight practices. The organization has a solid program expense ratio of 84.63%, suggesting that a significant portion of its funds is allocated directly to its educational programs, rather than administrative costs. This efficient use of funds is a positive indicator for potential donors and stakeholders.
While the ratings highlight the university's strengths in financial health and governance, the summary does not indicate any limitations or areas of concern. The absence of material diversions of assets and the presence of comprehensive policies suggest a well-managed organization that prioritizes ethical standards and transparency in its operations.
This AI summary has been generated from information found on Charity Navigator.
Is Ave Maria University Inc legitimate?
Ave Maria University Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ave Maria University Inc 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: $2,341,962
Professional Fundraising Fees: $0
Other Salaries and Wages: $14,081,006
For more financial information, click here
Official website here: www.avemaria.edu
What is the mission statement of Ave Maria University Inc?
Ave Maria University Inc is dedicated to providing education grounded in the traditions and faith of the Roman Catholic Church. Established with a commitment to Christ and His Church in response to Vatican II's call for greater lay witness in contemporary society, the university aims to advance teaching, research, and learning at the undergraduate and graduate levels in the Catholic intellectual tradition, both nationally and internationally. The university sponsors a liberal arts education curriculum, as outlined in the apostolic constitution Ex Corde Ecclesiae, with the goal of promoting human culture, fostering dialogue between faith and reason, forming students in the moral and intellectual virtues of the Catholic faith, and developing professional and pre-professional programs to address local and societal needs.
Official website here: www.avemaria.edu
Who is the CEO of Ave Maria University Inc?
Eugene Munin is the Trustee of Ave Maria University Inc.
Official website here: www.avemaria.edu
What is the revenue of Ave Maria University Inc?
Ave Maria University Inc's revenue in 2022 was $75,533,917.
Official website here: www.avemaria.edu
Who are the executives of Ave Maria University Inc and what are their salaries?
The average compensation at Ave Maria University Inc during 2022 was $19,367. There are 848 employees and 30 volunteers at Ave Maria University Inc.
Here are 48 key members and their salaries:
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Official website here: www.avemaria.edu
Where can I find the form 990 for Ave Maria University Inc?
Ave Maria University Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.avemaria.edu
Learn more at the official website: www.avemaria.edu
Mission Statement of Ave Maria University Inc
Ave Maria University Inc, founded in the unwavering loyalty to Christ and His Church, is driven by the call of Vatican II for greater lay witness in contemporary society. Established in the abiding tradition of Catholic thought, this university exists to foster teaching, research, and learning at both undergraduate and graduate levels, nationally and internationally. The sponsorship of a liberal arts education curriculum is a central component of Ave Maria University's mission, as articulated in the Apostolic Constitution Ex Corde Ecclesiae. This curriculum is dedicated to the advancement of human culture, the promotion of dialogue between faith and reason, the formation of men and women in the intellectual and moral virtues of the Catholic faith, and the development of professional and pre-professional programs in response to local and societal needs.
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Impact
October, 2024
Ave Maria University Inc significantly impacts its community and beyond by fostering higher education rooted in Roman Catholic traditions and teachings. Located in Ave Maria, Florida, the university caters to a diverse student body, with 1,243 students pursuing various degrees during the 2021-2022 academic year.
The institution is committed to a comprehensive liberal arts education that not only promotes academic excellence but also aims to cultivate moral and intellectual virtues aligned with Catholic teachings. Through its curricula, the university facilitates a robust engagement between faith and reason, preparing students for both personal and professional success.
Furthermore, Ave Maria University responds to contemporary societal needs by developing professional programs that address local and global challenges. Its mission reflects a dedication to advancing human culture and values, including open dialogue and critical thinking, which benefit not only the students but also the larger community and society. Overall, Ave Maria University plays a vital role in shaping well-rounded individuals who are equipped to contribute thoughtfully to the world around them.
This information is meant to be a general summary of Ave Maria University Inc. 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: -$1,256,463
- Program Service Revenue: $46,136,077
- Gross Receipts: $98,803,731
Assets and Liabilities:
- Total Assets: $242,009,071
- Total Liabilities: $60,540,370
- Net Assets: $181,468,701
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION AND FEES
Revenue
$31,348,254
FACULTY AND STUDENT HOUSING
Revenue
$13,447,913
MISCELLANEOUS PROGRAM REVENUE
Revenue
$1,339,910
Organization Details
Founding Year
2002
Phone
(239) 280-2500Principal Officer
Eugene Munin
Main Address
5050 AVE MARIA BLVD, AVE MARIA, FL, 34142
Website
www.avemaria.eduNTEE Category
Code: B42 - Education
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