Overview
What is The Northern Michigan University Foundation?
The Northern Michigan University Foundation, located at 1401 Presque Isle Ave 607 Cohodas, Marquette, MI 49855, is a nonprofit organization dedicated to providing financial assistance to students, enabling them to pursue a college education. By establishing and fostering relationships, the foundation generates resources in support of Northern Michigan University's strategic goals. Specifically, the foundation focuses on scholarships and other financial aid.
Official website here: www.foundation.nmu.edu/
What are the reviews and ratings of this charity?
Charity Navigator Rating 97% - Four-Star out of Four Star Rating
The Northern Michigan University Foundation has achieved a remarkable 97% score from Charity Navigator, reflecting its exceptional accountability and financial management. This high rating is based entirely on its accountability and finance practices, showcasing the organization's commitment to transparency and responsible stewardship of resources.
Strengths highlighted include a fully independent board comprising 19 members, robust financial oversight, and no material diversion of assets. The foundation also excels with a program expense ratio of 74.89%, indicating a strong focus on its mission-related activities, along with an impressive fundraising efficiency ratio of $0.10, demonstrating effective use of funds raised.
While the data shows significant strengths, no specific limitations were noted in the feedback. This outstanding performance positions the Northern Michigan University Foundation as a trustworthy organization dedicated to supporting educational initiatives in the region.
This AI summary has been generated from information found on Charity Navigator.
Is The Northern Michigan University Foundation legitimate?
The Northern Michigan University Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Northern Michigan University 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.foundation.nmu.edu/
What is the mission statement of The Northern Michigan University Foundation?
The Northern Michigan University Foundation works to establish and cultivate relationships to generate resources that further the objectives of Northern Michigan University. Through these efforts, the foundation focuses on providing financial assistance to students, enabling them to attain a college education.
Official website here: www.foundation.nmu.edu/
Who is the CEO of The Northern Michigan University Foundation?
Brad Canale is the Chief Executive Officer of The Northern Michigan University Foundation. The CEO's salary of The Northern Michigan University Foundation is $0 and their total compensation is $293,072.
Official website here: www.foundation.nmu.edu/
What is the revenue of The Northern Michigan University Foundation?
The Northern Michigan University Foundation's revenue in 2023 was $18,008,930.
Official website here: www.foundation.nmu.edu/
Who are the executives of The Northern Michigan University Foundation and what are their salaries?
There 25 volunteers at The Northern Michigan University Foundation.
Here are 21 key members and their salaries (The Northern Michigan University Foundation's CEO's salary is $0 and their total compensation is $293,072):
- Compensation: $0
- Related: $203,540
- Other: $89,532
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Official website here: www.foundation.nmu.edu/
Where can I find the form 990 for The Northern Michigan University Foundation?
The Northern Michigan University Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.foundation.nmu.edu/
Learn more at the official website: www.foundation.nmu.edu/
Mission Statement of The Northern Michigan University Foundation
The Northern Michigan University Foundation, a dedicated organization, focuses on forging connections to amass resources in support of Northern Michigan University's (NMU) strategic objectives. With a clear mission, the Foundation works tirelessly to generate financial assistance for students, ensuring they have the opportunity to pursue higher education.
Through the establishment and cultivation of relationships, The Northern Michigan University Foundation plays a vital role in enhancing the university's resources. By providing scholarships and financial aid, the organization enables students to overcome financial barriers and fully engage in their academic journeys. This investment in students' futures not only benefits the individuals themselves but also contributes to the broader success of Northern Michigan University as a whole.
The Foundation's commitment to student success is unwavering, and its efforts to provide financial assistance have proven to be transformative for countless students. By granting scholarships and other forms of financial aid, The Northern Michigan University Foundation provides the means for students to overcome financial obstacles and focus on their studies. Ultimately, the Foundation's unyielding support empowers students to reach their full potential and contribute to the world in meaningful ways.
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Impact
October, 2024
The Northern Michigan University Foundation plays a vital role in enhancing educational opportunities for students at Northern Michigan University. By fostering relationships and generating resources, the foundation directly supports the university's strategic goals. A major impact of the foundation is its commitment to providing scholarships and financial aid, which enables students to access higher education without the burden of overwhelming financial constraints. This assistance is crucial in helping students achieve their academic aspirations and contribute positively to their communities, ultimately enriching the educational landscape in Marquette and beyond.
This information is meant to be a general summary of The Northern Michigan University 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 2023.
- Investment Income: $2,273,153
- Gross Receipts: $52,720,618
Assets and Liabilities:
- Total Assets: $70,883,331
- Total Liabilities: $4,998,225
- Net Assets: $65,885,106
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Organization Details
Founding Year
1968
Phone
(906) 227-2627Principal Officer
Brad Canale
Main Address
1401 PRESQUE ISLE AVE 607 COHODAS, MARQUETTE, MI, 49855
Website
www.foundation.nmu.edu/NTEE Category
Code: B43I - Education
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