Overview
What is University Of Montevallo Foundation?
The University of Montevallo Foundation is an independent, self-governing, private organization situated in Montevallo, Alabama. Its primary mission is to support the educational, developmental, and social programs and experiences for the students of the University of Montevallo. This support is achieved by soliciting, receiving, managing, and disbursing financial gifts and resources. The foundation's purpose is to enhance the University of Montevallo's mission in all its educational, instructional, service, charitable, and outreach endeavors. In 20XX, the foundation awarded scholarships to 1,632 University students, demonstrating its commitment to uplifting student education.
What are the reviews and ratings of this charity?
**Rating: 92% (Four-Star out of Four Star Rating on Charity Navigator)**
The University of Montevallo Foundation has achieved a strong Four-Star rating from Charity Navigator, primarily reflecting its excellent performance in Accountability & Finance. This rating indicates that the foundation has a high level of transparency and responsibility in its financial practices, emphasizing its commitment to ethical governance.
Key strengths include a fully independent board and effective management of program expenses, with a remarkable 89.31% of expenses directed towards programs. The foundation has demonstrated superior fundraising efficiency, which is crucial for its operational effectiveness. Its excellent financial ratios and lack of material diversions of assets further underscore its fiscal soundness.
However, while the financial accountability is well-documented, there are currently no scores for areas such as Impact & Measurement, Culture & Community, or Leadership & Adaptability, which may represent potential areas for development or further insight into the organization's broader impacts. User reviews from GreatNonprofits were not available for additional perspective.
This AI summary has been generated from information found on Charity Navigator.
Is University Of Montevallo Foundation legitimate?
University Of Montevallo Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. University Of Montevallo 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:
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What is the mission statement of University Of Montevallo Foundation?
The University of Montevallo Foundation serves as an independent entity, soliciting and managing financial resources to support the educational, developmental, and social programs of the University of Montevallo's students. Its primary purpose is to administer private philanthropic gifts, bequests, devises, and all types of property, benefiting the university exclusively. The foundation operates to advance the university's mission across its educational, instructional, service, charitable, and outreach endeavors. It aims to enhance the learning experiences and opportunities for students by utilizing these resources effectively.
Who is the CEO of University Of Montevallo Foundation?
Karen Kelly is the Chairman of University Of Montevallo Foundation.
What is the revenue of University Of Montevallo Foundation?
University Of Montevallo Foundation's revenue in 2022 was $7,323,023.
Who are the executives of University Of Montevallo Foundation and what are their salaries?
Here are 30 key members and their salaries:
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Where can I find the form 990 for University Of Montevallo Foundation?
University Of Montevallo Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of University Of Montevallo Foundation
The University of Montevallo Foundation, a self-governed, private corporation, is dedicated to supporting the educational, developmental, and social programs and experiences of the University of Montevallo's students. Its primary purpose is to collect, manage, and disburse financial gifts and other resources in order to enhance the university's instructional, charitable, and outreach endeavors. The foundation operates with the aim of advancing the mission of the University of Montevallo, utilizing private philanthropic donations, bequests, devises, and various types of property to benefit the university exclusively.
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Impact
October, 2024
The University of Montevallo Foundation significantly enhances the educational experiences and opportunities available to students at the University of Montevallo. By effectively managing and distributing financial gifts and resources, the Foundation plays a crucial role in supporting scholarships, with a remarkable impact on 1,632 students who benefit from these awards.
Through its commitment to advancing the university's mission, the Foundation ensures that educational, instructional, and outreach programs are adequately funded and maintained. This support not only enriches the academic environment but also fosters personal and social development among students. The Foundation's efforts help cultivate a vibrant campus life, empowering students to thrive both academically and socially. Ultimately, the University of Montevallo Foundation acts as a vital link between philanthropy and education, facilitating positive change and growth within the university community.
This information is meant to be a general summary of University Of Montevallo 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: $3,462,546
- Program Service Revenue: $321,857
- Gross Receipts: $18,850,718
Assets and Liabilities:
- Total Assets: $48,926,102
- Total Liabilities: $955,156
- Net Assets: $47,970,946
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM REVENUE
Revenue
$321,857
Organization Details
Founding Year
1973
Phone
(205) 665-6215Principal Officer
Karen Kelly
Main Address
STATION 6215, MONTEVALLO, AL, 351156000
NTEE Category
Code: B43I - Education
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