Overview
What is Minnesota State University Moorhead Foundation Inc?
Minnesota State University Moorhead Foundation Inc is a nonprofit organization situated in Moorhead, Minnesota. Their primary mission is to provide academic scholarship funding to Minnesota State University Moorhead (MSUM). In the 2022-2023 academic year, this support benefited 685 MSUM students, many of whom were first-generation university students. The scholarship funding plays a crucial role in attracting and retaining students, as well as offering scholarships to student athletes as part of their overall award packages from the university. The foundation actively engages in fundraising efforts to sustain this scholarship program. Beyond scholarships, the foundation also supports MSUM departments and fosters connections between the university's alumni and friends through various activities.
Official website here: www.alumni.mnstate.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 89% (Three-Star out of Four Stars)
The Minnesota State University Moorhead Foundation Inc has received a strong rating of 89%, which reflects solid accountability and financial practices. The organization is commended for its 100% independent board members and comprehensive oversight, which suggests a commitment to governance and ethical management. Key financial metrics indicate that the foundation maintains a healthy balance sheet with a low liabilities-to-assets ratio and substantial working capital, demonstrating financial stability.
However, while the foundation excels in areas such as transparency and fundraising efficiency, it faces challenges in program expense ratios, scoring only 9 out of 25 points. This may indicate that a lower percentage of its budget is allocated directly to programs compared to administrative and fundraising costs, which can be a concern for donors focused on programmatic impact.
Overall, the Minnesota State University Moorhead Foundation Inc showcases strong governance and financial oversight, but potential donors may want to consider its program expense allocation when assessing the foundation's overall impact.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Minnesota State University Moorhead Foundation Inc?
86% of 276 reviewers on Facebook recommend the Minnesota State University Moorhead Foundation Inc. Here is a summary of their reviews:
Many reviewers express enthusiasm for the university, emphasizing the positive experiences they had during their visits and the overall atmosphere of the campus. The sentiments often highlight the supportive community and opportunities available to students, indicating that potential visitors and students can expect a welcoming environment.
Overall, those who have engaged with the foundation or the university appreciate the commitment to providing quality education and resources, making it a worthwhile consideration for prospective students. The positive recommendations reflect a strong belief in the value that the foundation adds to the university experience.
This AI summary has been generated from reviews found on Facebook.
Is Minnesota State University Moorhead Foundation Inc legitimate?
Minnesota State University Moorhead Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Minnesota State University Moorhead 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: $654,357
Professional Fundraising Fees: $0
Other Salaries and Wages: $537,315
For more financial information, click here
Official website here: www.alumni.mnstate.edu
What is the mission statement of Minnesota State University Moorhead Foundation Inc?
The Minnesota State University Moorhead Foundation Inc's mission is centered around providing opportunities for students attending Minnesota State University Moorhead. They accomplish this by inspiring alumni and friends to connect, engage, and contribute financially. The primary focus of their efforts is to provide academic scholarship funding to MSUM students. In the 2022-2023 academic year, this philanthropy benefited 685 students, many of whom were first-generation university attendees. Scholarship funding plays a crucial role in attracting and retaining students, as well as supplementing awards for student-athletes as part of their total university compensation package. Fundraising for scholarships is a top priority for the foundation.
Official website here: www.alumni.mnstate.edu
Who is the CEO of Minnesota State University Moorhead Foundation Inc?
Jan Mahoney is the President of Minnesota State University Moorhead Foundation Inc.
Official website here: www.alumni.mnstate.edu
What is the revenue of Minnesota State University Moorhead Foundation Inc?
Minnesota State University Moorhead Foundation Inc's revenue in 2023 was $4,286,839.
Official website here: www.alumni.mnstate.edu
Who are the executives of Minnesota State University Moorhead Foundation Inc and what are their salaries?
The average compensation at Minnesota State University Moorhead Foundation Inc during 2023 was $91,667. There are 13 employees and 28 volunteers at Minnesota State University Moorhead Foundation Inc.
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Official website here: www.alumni.mnstate.edu
Where can I find the form 990 for Minnesota State University Moorhead Foundation Inc?
Minnesota State University Moorhead Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.alumni.mnstate.edu
Learn more at the official website: www.alumni.mnstate.edu
Mission Statement of Minnesota State University Moorhead Foundation Inc
Minnesota State University Moorhead Foundation Inc, with a mission to inspire alumni and friends, focuses on providing opportunities for generations of students at Minnesota State University Moorhead (MSUM). The organization achieves this by fostering connections and engagement among alumni, encouraging giving to support various aspects of the university.
At the heart of its mission, the Minnesota State University Moorhead Foundation Inc provides academic scholarship funding to MSUM students. During the 2022-2023 academic year, this support extended to 685 MSUM students, many of whom were first-generation university attendees. This scholarship funding plays a crucial role in supporting the recruitment and retention of students at MSUM. Additionally, the foundation offers scholarship support to student athletes as part of their overall award packages from the university.
The Minnesota State University Moorhead Foundation Inc recognizes the importance of fundraising for scholarships. With a strong focus on this area, the organization works diligently to secure financial support for its students. By encouraging alumni and friends of the university to engage and give, the foundation continues to create opportunities for MSUM students, fostering a strong and vibrant educational community.
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Impact
October, 2024
Minnesota State University Moorhead Foundation Inc plays a crucial role in enhancing the educational opportunities available to students at MSUM. By providing academic scholarship funding, the foundation directly supports access to higher education for a diverse range of students, including many first-generation university enrollees. In the 2022-2023 academic year, the foundation awarded scholarships to 685 MSUM students, contributing significantly to both recruitment and retention efforts.
The scholarships offered not only alleviate financial burdens but also enhance the overall student experience, allowing recipients to focus more on their academic and personal growth. This support extends to student athletes, ensuring that their scholarships are part of a comprehensive award package that recognizes their contributions both in the classroom and on the field.
In addition to scholarships, the foundation fosters a sense of community through alumni activities, encouraging graduates to remain connected, engaged, and supportive of future generations. By inspiring alumni and friends to contribute to the foundation’s mission, Minnesota State University Moorhead Foundation Inc creates lasting opportunities that benefit students today and for years to come.
This information is meant to be a general summary of Minnesota State University Moorhead 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: $1,470,229
- Gross Receipts: $5,228,940
Assets and Liabilities:
- Total Assets: $57,080,593
- Total Liabilities: $2,620,920
- Net Assets: $54,459,673
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Organization Details
Founding Year
1969
Phone
(218) 477-2089Principal Officer
Jan Mahoney
Main Address
1104 7TH AVE S, MOORHEAD, MN, 56563
Website
www.alumni.mnstate.eduNTEE Category
Code: B82 - Education
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