Overview
What is Institute Of Management Accountants Memorial Education Fund Inc?
The Institute of Management Accountants Memorial Education Fund Inc, situated in Montvale, New Jersey, is a nonprofit organization dedicated to granting scholarships and financial aid in the field of management accounting and related subjects. In fiscal year 2022, 11 individuals and various 501(c)(3) organizations were among the recipients of these scholarships and grants. The organization's mission involves accepting bequests and gifts, aiming to support educational programs centered around management accounting. Their activities encompass making grants to promote these educational initiatives.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating
The Institute of Management Accountants Memorial Education Fund Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. With an overall score derived entirely from a single beacon focused on these metrics, the organization demonstrates exemplary practices in governance and financial management, which are crucial for nonprofit effectiveness.
Key strengths include a board composed of 71% independent members, ensuring robust oversight, and a high program expense ratio of 97.73%, indicating that a significant portion of its funds directly supports its mission. Additionally, the presence of comprehensive policies for conflict of interest, whistleblower protections, and document retention signals a well-structured organizational framework that prioritizes transparency and ethical operations.
While the organization showcases many strengths, it is essential for prospective donors and supporters to consider ongoing financial health and the impact of its educational initiatives, as these factors will play a critical role in sustaining its effectiveness and mission in the long term. Overall, the high rating reflects a well-managed nonprofit with a focus on making a positive impact in the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Institute Of Management Accountants Memorial Education Fund Inc legitimate?
Institute Of Management Accountants Memorial Education Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Institute Of Management Accountants Memorial Education Fund 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: $0
For more financial information, click here
What is the mission statement of Institute Of Management Accountants Memorial Education Fund Inc?
The Institute of Management Accountants Memorial Education Fund Inc's mission is to accept bequests and gifts with the intention of providing financial support for educational programs focused on management accounting. Their primary objective is to make grants that contribute to the advancement of such programs. The organization awards scholarships and grants to candidates pursuing careers in management accounting and related fields. In the fiscal year 2022, 11 individuals and various 501(c)(3) organizations received funding from these scholarships or grants.
Who is the CEO of Institute Of Management Accountants Memorial Education Fund Inc?
Jeffrey Thomson Cma is the Principal Officer of Institute Of Management Accountants Memorial Education Fund Inc.
What is the revenue of Institute Of Management Accountants Memorial Education Fund Inc?
Institute Of Management Accountants Memorial Education Fund Inc's revenue in 2022 was $192,362.
Who are the executives of Institute Of Management Accountants Memorial Education Fund Inc and what are their salaries?
There 6 volunteers at Institute Of Management Accountants Memorial Education Fund Inc.
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $741,495
- Other: $21,812
- Compensation: $0
- Related: $391,066
- Other: $24,879
- Compensation: $0
- Related: $141,811
- Other: $2,047
- 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: $0
- Other: $0
Where can I find the form 990 for Institute Of Management Accountants Memorial Education Fund Inc?
Institute Of Management Accountants Memorial Education Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Institute Of Management Accountants Memorial Education Fund Inc
The Institute of Management Accountants Memorial Education Fund Inc is an organization committed to accepting bequests and gifts with the intention of granting financial support to educational initiatives focused on management accounting. This nonprofit's mission is to contribute to the advancement of knowledge and skills in this field by providing scholarships and grants to individuals and organizations involved in management accounting and related areas. In the fiscal year 2022 alone, the Institute awarded scholarships and grants to 11 individuals and various 501(c)(3) organizations, further emphasizing its dedication to supporting educational programs on management accounting.
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Impact
October, 2024
The Institute of Management Accountants Memorial Education Fund Inc significantly impacts the field of management accounting by funding educational initiatives and supporting aspiring professionals. By awarding scholarships and grants, it enables candidates in management accounting and related areas to pursue their educational goals, enhancing their expertise and career prospects. In fiscal year 2022, the fund supported 11 individuals and various 501(c)(3) organizations, reflecting its commitment to fostering growth in the field. By facilitating access to educational programs, it contributes to the development of skilled management accountants, ultimately benefiting the industry and its stakeholders.
This information is meant to be a general summary of Institute Of Management Accountants Memorial Education Fund 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: $85,278
- Gross Receipts: $196,233
Assets and Liabilities:
- Total Assets: $3,199,456
- Total Liabilities: $100,000
- Net Assets: $3,099,456
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Organization Details
Founding Year
1985
Phone
(201) 573-9000Principal Officer
Jeffrey Thomson Cma
Main Address
10 PARAGON DRIVE, MONTVALE, NJ, 07645
NTEE Category
Code: B82 - Education
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