Overview
What is The Texas A & M University Commerce Foundation?
The Texas A&M University Commerce Foundation is a nonprofit organization based in Commerce, Texas. Its primary focus is on providing student scholarship awards to deserving students at Texas A&M University-Commerce. The foundation selects around 1,650 students annually for these awards, recognizing their academic achievements. Beyond scholarships, the foundation also contributes to the overall support of the university, contributing to its overall mission and objectives.
Official website here: www.tamuc.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
The Texas A & M University Commerce Foundation has achieved a commendable Four-Star rating from Charity Navigator, reflecting a high level of accountability and financial health. The foundation scored 92% in the Accountability & Finance category, indicating strong governance practices and transparency. Notably, the organization benefits from a fully independent board, with all 25 members meeting the criteria.
Strengths of the foundation include a high program expense ratio of 99.44%, demonstrating that nearly all funds are allocated towards its mission-driven programs. The organization also maintains a perfect score regarding asset management, having no material diversion of assets and a favorable liabilities to assets ratio of 0.00%. Additionally, it has comprehensive policies in place for conflict of interest, whistleblower protections, and document retention.
However, the foundation faces a significant limitation regarding fundraising efficiency, where it scored zero points due to the extremely low fundraising efficiency ratio. This suggests that while the organization excels in utilizing its funds effectively, it may struggle with raising additional funds, which could impact its long-term sustainability and ability to expand its programs.
This AI summary has been generated from information found on Charity Navigator.
Is The Texas A & M University Commerce Foundation legitimate?
The Texas A & M University Commerce Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Texas A & M University Commerce 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.
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Official website here: www.tamuc.edu
What is the mission statement of The Texas A & M University Commerce Foundation?
The Texas A&M University Commerce Foundation's mission primarily focuses on providing student scholarship awards and supporting the university. Through its activities, the foundation awards scholarships of varying amounts to approximately 1,650 university students, recognized for their academic achievements. This financial aid is instrumental in assisting students in pursuing their education at Texas A&M University-Commerce. Additionally, the foundation extends its support to the university in various capacities, contributing to its overall growth and development.
Official website here: www.tamuc.edu
What is the revenue of The Texas A & M University Commerce Foundation?
The Texas A & M University Commerce Foundation's revenue in 2023 was $4,807,751.
Official website here: www.tamuc.edu
Who are the executives of The Texas A & M University Commerce Foundation and what are their salaries?
Here are 25 key members and their salaries:
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Official website here: www.tamuc.edu
Where can I find the form 990 for The Texas A & M University Commerce Foundation?
The Texas A & M University Commerce Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.tamuc.edu
Learn more at the official website: www.tamuc.edu
Mission Statement of The Texas A & M University Commerce Foundation
The Texas A&M University Commerce Foundation is committed to its mission of providing student scholarship awards and offering support to Texas A&M University-Commerce. This nonprofit organization plays a significant role in recognizing academic achievements among University students by granting scholarship awards of varying amounts to approximately 1,650 deserving students. By doing so, it contributes to the educational journey of these students, enabling them to pursue their academic goals with financial assistance. In addition to student scholarships, the Foundation also supports the University, contributing to its overall growth and development.
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Impact
October, 2024
The Texas A & M University Commerce Foundation significantly impacts education by providing student scholarships and supporting the university's initiatives. Each year, the foundation awards scholarships of varying amounts to approximately 1,650 students based on academic achievements, enabling them to pursue their educational goals at Texas A&M University-Commerce. Through these awards, the foundation plays a crucial role in empowering students, enhancing their academic opportunities, and fostering a supportive educational environment in Commerce, Texas.
This information is meant to be a general summary of The Texas A & M University Commerce 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: $465,772
- Gross Receipts: $5,129,414
Assets and Liabilities:
- Total Assets: $33,269,406
- Total Liabilities: $0
- Net Assets: $33,269,406
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Organization Details
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