Overview
What is United Methodist Higher Education Foundation?
The United Methodist Higher Education Foundation, abbreviated as UMHEF, is a nonprofit organization situated in Nashville, Tennessee. Its primary mission is to provide financial aid to students attending United Methodist-related institutions. Local United Methodist churches contribute $1,000 towards each student's education, with UMHEF matching this amount. In many instances, the educational institution also matches the student's $1,000, resulting in a total award of $3,000 per student. Additionally, some United Methodist Conference Foundations contribute an additional $1,000, further increasing the scholarship amount to $4,000 per student. UMHEF provided over 1.1 million dollars in scholarship funding through its collaborative programs in 2022, primarily by hosting endowment fundraising events and programs. The organization was established with the purpose of developing and managing funds for scholarships for United Methodist students attending United Methodist-related schools.
Official website here: www.umhef.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
The United Methodist Higher Education Foundation has achieved a strong Four-Star rating from Charity Navigator, reflecting its solid performance in both accountability and impact. With an impressive 100 out of 100 in the Impact & Measurement category, the foundation demonstrates a significant return on investment by increasing scholarship recipients' income by over $1.50 for every dollar spent. The financial oversight elements are also commendable, with high scores in audit policies and asset management.
The organization scores well in various accountability metrics, including having robust policies such as a conflict of interest policy and a whistleblower policy in place. Their financial health is further underscored by an excellent liabilities to assets ratio of just 1.43%, indicating effective management of resources. Additionally, 75.31% of their expenses are allocated to programs, showcasing a commitment to mission-driven spending.
However, the foundation's accountability score of 44% indicates there may be areas where transparency or financial reporting could be further strengthened. While the impact is noteworthy, future improvements in these areas could enhance the foundation's overall effectiveness and reputation.
This AI summary has been generated from information found on Charity Navigator.
Is United Methodist Higher Education Foundation legitimate?
United Methodist Higher Education Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. United Methodist Higher Education 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: $205,912
Professional Fundraising Fees: $0
Other Salaries and Wages: $320,032
For more financial information, click here
Official website here: www.umhef.org
What is the mission statement of United Methodist Higher Education Foundation?
The United Methodist Higher Education Foundation, established with the goal of providing scholarships for United Methodist students attending United Methodist-related schools, aims to provide significant scholarship funding through its collaborative programs. To achieve this, the foundation hosts endowment fundraising events and programs, raising scholarship dollars. On average, the foundation provides over 2 million dollars in scholarship funding annually. United Methodist Dollars for Scholars offers matching scholarships for students attending United Methodist-related institutions. Local United Methodist churches contribute 1,000 dollars per student, which the foundation matches, with most United Methodist-related educational institutions also offering a match. This collaboration results in a total award of 3,000 dollars per student. In addition, with certain United Methodist Conference Foundations, the award is matched with an additional 1,000 dollars, bringing the total award to 4,000 dollars per student. The United Methodist Higher Education Foundation awarded a total of 1,181,625 scholarships through this program in 2022.
Official website here: www.umhef.org
Who is the CEO of United Methodist Higher Education Foundation?
Robert R Fletcher is the President/Ce of United Methodist Higher Education Foundation.
Official website here: www.umhef.org
What is the revenue of United Methodist Higher Education Foundation?
United Methodist Higher Education Foundation's revenue in 2022 was $2,034,614.
Official website here: www.umhef.org
Who are the executives of United Methodist Higher Education Foundation and what are their salaries?
The average compensation at United Methodist Higher Education Foundation during 2022 was $87,657. There are 6 employees and 40 volunteers at United Methodist Higher Education Foundation.
Here are 28 key members and their salaries:
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Official website here: www.umhef.org
Where can I find the form 990 for United Methodist Higher Education Foundation?
United Methodist Higher Education Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.umhef.org
Learn more at the official website: www.umhef.org
Mission Statement of United Methodist Higher Education Foundation
The United Methodist Higher Education Foundation, established with a mission, seeks to develop and manage funds for scholarships for students affiliated with the United Methodist Church. This nonprofit organization aims to provide financial aid, averaging over two million dollars annually, through collaborative programs. To achieve this goal, the Foundation hosts endowment fundraising events and programs, aiming to raise scholarship dollars.
One of the key initiatives of the United Methodist Higher Education Foundation is United Methodist Dollars for Scholars, which provides matching scholarships for students attending United Methodist-related institutions. Local United Methodist churches contribute a thousand dollars per member student, totaling over 468,000 in 2022. The Foundation matches each student's contribution, and in most instances, the United Methodist-related educational institution also contributes a thousand dollars. With the help of a select number of United Methodist Conference Foundations, the scholarship award is further matched with an additional thousand dollars, bringing the total award to four thousand dollars per student.
In summary, the United Methodist Higher Education Foundation was established to support the educational aspirations of United Methodist students. By hosting endowment fundraising events and programs, the Foundation raises scholarship dollars, which it then matches and supplements, in collaboration with local churches and educational institutions. This collective effort enables the Foundation to provide substantial financial aid to a significant number of students each year, thereby making higher education more accessible to United Methodist students.
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Impact
October, 2024
The United Methodist Higher Education Foundation has a significant impact on students attending United Methodist-related institutions by providing substantial financial support through scholarships. On average, the foundation facilitates over $2 million in scholarship funding annually. One of its key programs, United Methodist Dollars for Scholars, offers matching scholarships where local churches contribute $1,000 to their member students. The foundation then matches this contribution, often with additional matching funds from educational institutions and conference foundations, resulting in awards that can total up to $4,000 per student.
In 2022, the foundation awarded scholarships totaling $1,181,625 to assist students in their pursuit of higher education. This collaborative funding model not only enhances access to education but also strengthens the relationship between local churches and educational institutions within the United Methodist community. The ongoing efforts to raise scholarship dollars through events and programs further support the foundation's mission to empower students, making higher education more attainable for many.
This information is meant to be a general summary of United Methodist Higher Education 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 2022.
- Investment Income: $1,762,110
- Gross Receipts: $2,034,614
Assets and Liabilities:
- Total Assets: $56,702,890
- Total Liabilities: $812,426
- Net Assets: $55,890,464
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Organization Details
Founding Year
1965
Phone
(615) 649-3990Principal Officer
Robert R Fletcher
Main Address
PO BOX 340005, NASHVILLE, TN, 37203
Website
www.umhef.orgNTEE Category
Code: B820 - Education
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