Overview
What is Massachusetts College Of Art And Design Foundation Inc?
Massachusetts College of Art and Design Foundation Inc, located in Boston, Massachusetts, serves as a support system for the Massachusetts College of Art and Design. Their primary mission is to provide scholarships and awards for the institution's students, as well as fund educational programs and exhibits. This nonprofit organization is dedicated to contributing to the educational growth and artistic development of students, ensuring they have the necessary resources and opportunities to excel in their field.
Official website here: www.massart.edu
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 97%, Four-Star out of Four Star rating.
The Massachusetts College of Art and Design Foundation Inc has achieved an impressive 97% rating, reflecting a strong commitment to accountability and finance. This rating is solely based on their accountability metrics, demonstrating that the organization maintains a high standard of financial stewardship, which is crucial for donor trust and operational integrity.
Strengths of the foundation include a fully independent board with 20 members, effective oversight committees, and robust policies related to conflict of interest and whistleblower protection. The organization excels in efficiently utilizing its resources, with an impressive program expense ratio of 89.08% and a minimal fundraising expense ratio of $0.04. This indicates that a significant portion of funds raised is directed towards programmatic efforts rather than administrative costs.
There are no noted limitations in the data, underscoring the foundation's strong adherence to accountability practices and effective governance. The organization has also demonstrated effective management of its assets and liabilities, with a low liabilities to assets ratio of 1.43%, which further showcases its financial health and operational efficiency.
This AI summary has been generated from information found on Charity Navigator.
Is Massachusetts College Of Art And Design Foundation Inc legitimate?
Massachusetts College Of Art And Design Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Massachusetts College Of Art And Design Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $129,876
For more financial information, click here
Official website here: www.massart.edu
What is the mission statement of Massachusetts College Of Art And Design Foundation Inc?
The Massachusetts College of Art and Design Foundation Inc has a mission to support the educational programs, exhibits, awards, and scholarships for students of the Massachusetts College of Art and Design. This non-profit organization aims to assist in enhancing the learning experience of the students by providing financial aid in the form of scholarships and awards. Additionally, it contributes to funding educational programs and exhibits at the college. The foundation's goal is to contribute to the overall development and success of the students, thereby enriching the artistic community.
Official website here: www.massart.edu
Who is the CEO of Massachusetts College Of Art And Design Foundation Inc?
Marjorie O'Malley is the Director of Massachusetts College Of Art And Design Foundation Inc.
Official website here: www.massart.edu
What is the revenue of Massachusetts College Of Art And Design Foundation Inc?
Massachusetts College Of Art And Design Foundation Inc's revenue in 2022 was $4,054,799.
Official website here: www.massart.edu
Who are the executives of Massachusetts College Of Art And Design Foundation Inc and what are their salaries?
There 83 volunteers at Massachusetts College Of Art And Design Foundation Inc.
Here are 24 key members and their salaries:
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Official website here: www.massart.edu
Where can I find the form 990 for Massachusetts College Of Art And Design Foundation Inc?
Massachusetts College Of Art And Design Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.massart.edu
Learn more at the official website: www.massart.edu
Mission Statement of Massachusetts College Of Art And Design Foundation Inc
Massachusetts College of Art and Design Foundation Inc is committed to supporting the educational programs, exhibits, awards, and scholarships for students of Massachusetts College of Art and Design. In essence, the foundation aims to enhance the learning experience and opportunities for these students, providing them with financial aid in the form of scholarships and awards. Furthermore, the foundation contributes funds to support educational programs and exhibits, contributing to the overall development and growth of the students and the institution as a whole.
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Impact
July, 2024
Massachusetts College of Art and Design Foundation Inc plays a crucial role in supporting the educational programs, exhibits, awards, and scholarships for students at Massachusetts College of Art and Design. By providing scholarships and awards to students, as well as funding for educational programs and exhibits, the foundation helps empower the next generation of artists and designers. Through its dedication to supporting education in the arts, the foundation contributes significantly to the development of creative talent and innovation in the field.
This information is meant to be a general summary of Massachusetts College Of Art And Design Foundation 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: $719,281
- Gross Receipts: $5,308,371
Assets and Liabilities:
- Total Assets: $16,667,670
- Total Liabilities: $55,852
- Net Assets: $16,611,818
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Organization Details
Founding Year
1981
Phone
(617) 879-7024Principal Officer
Marjorie O'Malley
Main Address
621 HUNTINGTON AVENUE, BOSTON, MA, 02115
Website
www.massart.eduNTEE Category
Code: B11 - Education
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