Overview
What is Montclair State University Foundation Inc?
Montclair State University Foundation Inc is a charitable organization based at One Normal Ave, College Hall 300, Montclair, NJ 07043. The Foundation's primary mission is to enhance the educational experience and foster a high-quality learning environment at Montclair State University by providing additional funding for programs and academic research initiatives. They receive donations from individuals, corporations, private foundations, and other sources, and manage over 600 funds with varying restrictions. In fiscal 2023, they have supported numerous programs, including the Center for Entrepreneurship, School of Communications & Media, research programs for environmental sustainability, and the Center for Autism, among others. The Foundation also increased scholarship support for students based on socio-economic background and provided additional funding for various university initiatives in response to research initiatives in the sciences, communications, human trafficking, business, science & mathematics, and sustainability.
Official website here: www.montclair.edu/giving
What are the reviews and ratings of this charity?
Charity Navigator rating: 100%, Four-Star out of Four Star rating.
Montclair State University Foundation Inc has received a perfect score of 100%, reflecting its strong commitment to accountability and finance. This rating indicates that the foundation has met high standards of financial health and transparency, which is essential for maintaining donor trust and support. The foundation's strong performance in key areas, such as having a fully independent board and robust financial oversight, underscores its governance excellence.
The organization has excelled in various metrics, including a program expense ratio of 82.37%, which suggests that a significant portion of its funds is directed toward its mission-related activities rather than administrative costs. Additionally, the foundation demonstrates exemplary fundraising efficiency, with only $0.03 spent to raise each dollar. This indicates an effective financial strategy that maximizes the impact of donations.
No significant limitations were noted in the data reviewed, highlighting the foundation's overall effectiveness and transparency. Its practices, such as the implementation of conflict of interest and whistleblower policies, further enhance its credibility and accountability, making it a trustworthy organization for potential donors and community members.
This AI summary has been generated from information found on Charity Navigator.
Is Montclair State University Foundation Inc legitimate?
Montclair State University Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Montclair State University 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: $107,638
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.montclair.edu/giving
What is the mission statement of Montclair State University Foundation Inc?
The Montclair State University Foundation functions with the primary objective of fostering the expansion and advancement of Montclair State University. This is achieved through fundraising activities. The funds raised are primarily allocated towards scholarship support for students and initiatives to establish and fund centers for academic research and study. Additionally, these funds are utilized for the upkeep and repair of academic facilities. For the fiscal year 2023, the Foundation boosted its scholarship support for students, as well as providing extra funding for research projects in various fields, including sciences, communications, human trafficking, business, science and mathematics, and sustainability.
Official website here: www.montclair.edu/giving
Who is the CEO of Montclair State University Foundation Inc?
Gregory Collins is the Chair of Montclair State University Foundation Inc.
Official website here: www.montclair.edu/giving
What is the revenue of Montclair State University Foundation Inc?
Montclair State University Foundation Inc's revenue in 2023 was $15,347,323.
Official website here: www.montclair.edu/giving
Who are the executives of Montclair State University Foundation Inc and what are their salaries?
There 29 volunteers at Montclair State University Foundation Inc.
Here are 30 key members and their salaries:
- 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
- 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
- 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
- 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
- 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
- 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: $142,936
- Related: $0
- Other: $22,267
Official website here: www.montclair.edu/giving
Where can I find the form 990 for Montclair State University Foundation Inc?
Montclair State University Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.montclair.edu/giving
Learn more at the official website: www.montclair.edu/giving
Mission Statement of Montclair State University Foundation Inc
Montclair State University Foundation, a charitable organization, was established to encourage and support the growth and development of Montclair State University. By engaging in fundraising activities, the Foundation primarily uses the funds raised for scholarship support, academic research, and the maintenance and repair of academic facilities. The Foundation's efforts extend beyond just financial aid, as it also supports programmatic initiatives that establish and fund academic research centers. These initiatives contribute significantly to the educational experience of the students, faculty, and staff at Montclair State University.
In the past fiscal year, the Foundation intensified its efforts to provide scholarship support to students based on their socio-economic background. Besides this, it also granted additional funding for research initiatives across various departments at the University. Notable areas of research that received support include the Center for Human Trafficking, the School of Business, the School of Science & Mathematics and Eco-Explorers Program, and the Sustainability Program. The Foundation's commitment to these areas demonstrates its dedication to fostering academic excellence and promoting innovation at Montclair State University.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Montclair State University Foundation Inc significantly enhances the educational landscape for students at Montclair State University. In fiscal 2023, the foundation focused on increasing scholarship support for students based on their socio-economic needs, thereby fostering greater access to higher education. This commitment to scholarship funding alleviates financial burdens and empowers individuals to pursue their academic goals.
Additionally, the foundation provides critical support for various research initiatives across the university, including programs in environmental sustainability, human trafficking, business, and communication. By funding research-specific initiatives, the foundation plays a pivotal role in advancing knowledge and addressing pressing societal issues.
Moreover, the foundation underpins essential curricular enhancements and operational needs of various schools and institutes within the university. This support ensures that the university maintains its reputation for excellence and continues to provide a high-quality learning environment, further benefitting students, faculty, and staff.
Through strategic fundraising and effective allocation of resources—managing over 600 restricted funds—the foundation not only sustains vital programs such as the Center for Entrepreneurship, the Center for Autism, and the School of Communications & Media, but also drives innovation and improvement within the institution.
In summary, Montclair State University Foundation Inc. has a profound impact on the university by facilitating scholarship opportunities, supporting research initiatives, and enhancing academic programs, all of which collectively contribute to the growth and development of the educational community.
This information is meant to be a general summary of Montclair State University 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 2023.
- Investment Income: $3,546,119
- Gross Receipts: $26,874,544
Assets and Liabilities:
- Total Assets: $119,002,563
- Total Liabilities: $3,718,944
- Net Assets: $115,283,619
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1960
Phone
(973) 655-4344Principal Officer
Gregory Collins
Main Address
ONE NORMAL AVE COLLEGE HALL 300, MONTCLAIR, NJ, 07043
Website
www.montclair.edu/givingNTEE Category
Code: B110 - Education
If you are a representative of Montclair State University Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.