Overview
What is University Of Louisiana Monroe Facilities Inc?
University of Louisiana Monroe Facilities Inc is a nonprofit organization based in Monroe, Louisiana, dedicated to the benefit of the University of Louisiana Monroe. Its primary focus involves coordinating, constructing, and financing the development of facilities on the University's campus. These facilities include student housing units, a student health center, student union, and athletic venues. The organization has completed numerous projects, such as the construction of housing units, student success center, scoreboards, and dugouts. Additionally, it has entered into agreements for installing artificial turf, developing a doppler radar facility, and constructing a student center and golf house. The organization's work is regulated by various entities, including the Board of Supervisors for the University of Louisiana System, the Louisiana Local Government Environmental Facilities and Community Development Authority, and Regions Bank.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Stars)
The University of Louisiana Monroe Facilities Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in both accountability and financial management. With a score of 75%, the organization demonstrates a strong commitment to transparency and fiscal responsibility, ensuring that resources are utilized effectively for its programs.
The organization boasts a fully independent board, with 100% of its members being independent, and a well-sized board consisting of seven members. Additionally, it has achieved excellent marks in areas such as financial oversight, having no material diversion of assets and maintaining comprehensive documentation of board meeting minutes. This level of governance enhances trust in the organization’s operations.
On the financial side, the charity excels with a program expense ratio of 100%, meaning all expenses support its programs directly. The working capital ratio of 3.79 years indicates robust financial health, allowing for sustainability and planning for future initiatives. However, while the organization shows strength in numerous areas, continual monitoring and improvement are essential to address any potential future challenges.
This AI summary has been generated from information found on Charity Navigator.
Is University Of Louisiana Monroe Facilities Inc legitimate?
University Of Louisiana Monroe Facilities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. University Of Louisiana Monroe Facilities 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.
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What is the mission statement of University Of Louisiana Monroe Facilities Inc?
University of Louisiana Monroe Facilities Inc is dedicated to providing student housing and other essential facilities for the University of Louisiana Monroe campus. Established with the primary purpose of coordinating, constructing, and financing the development of campus facilities, the organization has completed several projects to enhance the student experience. These include the construction and renovation of student housing units, student health centers, student unions, and athletic venues. The organization has also undertaken agreements for the installation of new amenities like artificial turf and radar facilities, as well as the development of a new student center. Despite the various projects, the organization's mission remains focused on improving the overall campus infrastructure to benefit the students and the academic community.
Who is the CEO of University Of Louisiana Monroe Facilities Inc?
Dan Robertson is the President of University Of Louisiana Monroe Facilities Inc.
What is the revenue of University Of Louisiana Monroe Facilities Inc?
University Of Louisiana Monroe Facilities Inc's revenue in 2023 was $31,947,649.
Who are the executives of University Of Louisiana Monroe Facilities Inc and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for University Of Louisiana Monroe Facilities Inc?
University Of Louisiana Monroe Facilities Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of University Of Louisiana Monroe Facilities Inc
University of Louisiana Monroe Facilities Inc, a vital organization, is dedicated to providing student housing and other essential facilities for the University of Louisiana Monroe campus. Its primary purpose is to coordinate, construct, and finance the development of facilities on the University of Louisiana Monroe campus and oversee their management. The institution has completed several new constructions and renovations, including housing units, a student health center, a student union, and athletic venues. Additionally, it has entered into agreements for the installation of new artificial turf and drainage systems, a doppler radar facility, and the construction of a student center and golf house. University of Louisiana Monroe Facilities Inc's efforts have resulted in significant improvements to the campus, enhancing the student experience and providing modern facilities for academic and extracurricular activities.
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Impact
October, 2024
University of Louisiana Monroe Facilities Inc. plays a crucial role in enhancing the educational environment at the University of Louisiana Monroe by developing and managing student housing and facilities on campus. Its projects include the construction and renovation of vital structures that support student life and academic success.
The organization has significantly contributed to the campus by overseeing the development of various facilities, such as housing units, health centers, and student unions. Notable projects include the Clarke M. Williams Student Success Center and improvements to athletic venues, which enhance both student experience and institutional pride.
With a commitment to continuous improvement, the organization has successfully completed modernization initiatives like the renovation of Masur Hall and the construction of the Doppler Radar Facility, extending academic and research capabilities for students and faculty alike. Additionally, the recent development of the Student Hub Facility and the Softball Student Athlete Leadership Center promotes a holistic educational experience by addressing both athletic and academic needs.
Through its partnerships and construction endeavors, University of Louisiana Monroe Facilities Inc. facilitates the creation of an engaging campus atmosphere that supports academic achievement, student wellness, and community involvement, making a lasting impact on the university and its stakeholders.
This information is meant to be a general summary of University Of Louisiana Monroe Facilities 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 2023.
- Investment Income: $271,626
- Program Service Revenue: $10,097,838
- Gross Receipts: $31,947,649
Assets and Liabilities:
- Total Assets: $96,818,798
- Total Liabilities: $58,070,207
- Net Assets: $38,748,591
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT INCOME
Revenue
$7,357,657
STUDENT FEES
Revenue
$2,691,789
OTHER INCOME
Revenue
$48,392
Organization Details
Founding Year
2004
Phone
(318) 342-1961Principal Officer
Dan Robertson
Main Address
700 UNIVERSITY AVE STE 623, MONROE, LA, 712092000
NTEE Category
Code: B80 - Education
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