Overview
What is Francis Marion University Development Foundation?
The Francis Marion University Development Foundation is a nonprofit organization primarily focused on supporting its affiliated university. It carries out its mission by managing student housing facilities, real estate, and accepting donations and other forms of support. The foundation operates through a single-member entity, FMU Student Housing, LLC, generating revenue primarily from housing services during the fall and spring semesters with minor revenues from summer semesters, fees, fines, and summer camp housing for the university's programs. The foundation is devoted to enhancing Francis Marion University's resources and services, working in close collaboration with the university's board of directors.
Is Francis Marion University Development Foundation legitimate?
Francis Marion University Development Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Francis Marion University Development Foundation 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: $17,929
Professional Fundraising Fees: $0
Other Salaries and Wages: $346,886
For more financial information, click here
What is the mission statement of Francis Marion University Development Foundation?
The Francis Marion University Development Foundation is established with the primary objective of supporting Francis Marion University. It primarily focuses on managing student housing, other real property, and accepting gifts and other forms of support, as decided by its board and the university. The foundation operates a single-member entity, FMU Student Housing, LLC, to carry out its mission. This entity is responsible for operating, maintaining, and leasing housing facilities for students and faculty. Revenue generated from housing services is managed and held by the foundation, primarily during the fall and spring semesters, with minor revenues coming in during the summer semesters. The foundation also provides housing services for summer camps and programs organized by Francis Marion University.
Who is the CEO of Francis Marion University Development Foundation?
Haieasha Singletary is the Board Member of Francis Marion University Development Foundation.
What is the revenue of Francis Marion University Development Foundation?
Francis Marion University Development Foundation's revenue in 2022 was $6,663,284.
Who are the executives of Francis Marion University Development Foundation and what are their salaries?
There 4 volunteers at Francis Marion University Development Foundation.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $144,096
- Other: $61,339
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $45,284
- Other: $4,871
- Compensation: $0
- Related: $44,880
- Other: $28,000
Where can I find the form 990 for Francis Marion University Development Foundation?
Francis Marion University Development Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Francis Marion University Development Foundation
Francis Marion University Development Foundation is a nonprofit organization with a mission specifically tailored to support Francis Marion University. Its primary role is to manage student housing, other real property, and accept various forms of support, as agreed upon by its board of directors and the university. This foundation operates with the university's best interest at heart, ensuring the proper management and maintenance of housing facilities for students and faculty.
In line with its mission, the Francis Marion University Development Foundation oversees its single member entity, FMU Student Housing, LLC. This entity is responsible for providing housing services to students and faculty, primarily during the fall and spring semesters. The foundation manages and holds all revenue generated by the LLC, deriving income from housing services, fees, fines, and summer camp housing for Francis Marion University's summer programs. By fulfilling this mission, the Francis Marion University Development Foundation plays a crucial role in enhancing the living and learning experience for the university's community.
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Impact
October, 2024
The Francis Marion University Development Foundation plays a vital role in enhancing the educational environment at Francis Marion University by managing student housing and supporting the university's various needs. This foundation is dedicated to overseeing the maintenance and operation of housing facilities for students and faculty, ensuring that they have access to quality living accommodations.
Through its initiative, the FMU Student Housing, LLC, the foundation generates revenue that is reinvested back into the university's infrastructure and services. This not only helps sustain housing resources during the main academic semesters, but also provides necessary support during the summer for programs and activities hosted by the university.
The foundation's commitment extends beyond housing; it also facilitates the acceptance of gifts and other forms of support that enrich the university's offerings. With its focused mission of operational excellence and community support, the foundation significantly impacts the academic experience and quality of life for students at Francis Marion University, fostering a thriving educational community in Florence, South Carolina.
This information is meant to be a general summary of Francis Marion University Development Foundation. 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: $2,393
- Program Service Revenue: $6,425,529
- Gross Receipts: $6,663,284
Assets and Liabilities:
- Total Assets: $27,512,259
- Total Liabilities: $16,959,251
- Net Assets: $10,553,008
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOUSING SERVICES
Revenue
$6,263,249
QUARANTINE ROOMS
Revenue
$148,445
INSURANCE PROCEEDS
Revenue
$13,835
Organization Details
Founding Year
2003
Phone
(843) 661-1131Principal Officer
Haieasha Singletary
Main Address
PO BOX 100547, FLORENCE, SC, 29502
NTEE Category
Code: B19 - Education
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