Overview
What is Francis Marion University Education Foundation?
The Francis Marion University Education Foundation is a small, nonprofit organization situated in Florence, South Carolina. Its primary mission is to support the educational endeavors of Francis Marion University. This is achieved through providing financial aid in the form of grants and awards to students, helping them cover their tuition and other related fees. Additionally, the foundation aids professors by funding research and recognizing scholarly achievements. To further advance education, the foundation hosts lectures and engages in various activities to promote academic growth within the university community. With a single employee dedicated to this mission, the Francis Marion University Education Foundation plays a significant role in fostering educational success.
Official website here: www.fmarion.edu
What are the reviews and ratings of this charity?
**Francis Marion University Education Foundation**
**Charity Navigator Rating: 83% (Three-Star out of Four Stars)**
The Francis Marion University Education Foundation holds a commendable Three-Star rating from Charity Navigator, reflecting solid performance in accountability and finance. The organization demonstrates strong governance, with an independent board comprising all members, and has established effective financial oversight. However, the foundation falls short in areas related to whistleblower and document retention policies, which may raise concerns regarding transparency.
Strengths of the foundation include a low liabilities-to-assets ratio and a strong fundraising efficiency ratio, indicating effective financial management and sustainability. The organization allocates a significant portion of its resources to programs, although the program expense ratio could be improved.
User feedback from GreatNonprofits could not be retrieved, leaving a gap in public sentiment regarding the foundation. Overall, while the foundation shines in accountability and financial practices, it still has areas for improvement in policy documentation and program funding efficiency.
This AI summary has been generated from information found on Charity Navigator.
Is Francis Marion University Education Foundation legitimate?
Francis Marion University Education Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Francis Marion University 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: $510,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $219,718
For more financial information, click here
Official website here: www.fmarion.edu
What is the mission statement of Francis Marion University Education Foundation?
The Francis Marion University Education Foundation's mission is centered around promoting the educational function of Francis Marion University. They achieve this by providing grants, awards, lecture opportunities, and fee and tuition assistance to both students and professors. The foundation's primary objective is to support the academic pursuits of students by helping them manage their educational expenses. Similarly, they offer research funding and scholarships to professors, recognizing their contributions to academic excellence. In essence, the Francis Marion University Education Foundation plays a crucial role in enhancing the learning experience and fostering scholarly achievements within the university community.
Official website here: www.fmarion.edu
Who is the CEO of Francis Marion University Education Foundation?
Ms Lauren Stanton is the Director of Francis Marion University Education Foundation.
Official website here: www.fmarion.edu
What is the revenue of Francis Marion University Education Foundation?
Francis Marion University Education Foundation's revenue in 2022 was $10,642,837.
Official website here: www.fmarion.edu
Who are the executives of Francis Marion University Education Foundation and what are their salaries?
The average compensation at Francis Marion University Education Foundation during 2022 was $729,718. There is 1 employee and 20 volunteers at Francis Marion University Education Foundation.
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- Compensation: $510,000
- Related: $256,105
- Other: $14,400
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- Related: $117,658
- Other: $12,000
Official website here: www.fmarion.edu
Where can I find the form 990 for Francis Marion University Education Foundation?
Francis Marion University Education Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fmarion.edu
Learn more at the official website: www.fmarion.edu
Mission Statement of Francis Marion University Education Foundation
The Francis Marion University Education Foundation is dedicated to enhancing the educational function of Francis Marion University. It achieves this mission by offering grants, awards, lectures, and fee and tuition assistance to both students and professors. The foundation's primary goal is to support the academic pursuits of students by providing financial aid, helping them manage their educational expenses. Additionally, the foundation extends its assistance to professors, aiding them in their research and recognizing their scholarly achievements. By doing so, the Francis Marion University Education Foundation plays a significant role in fostering a conducive learning environment, encouraging academic excellence, and promoting the growth and development of the university's academic community.
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Impact
October, 2024
The Francis Marion University Education Foundation significantly enhances the educational experience at Francis Marion University by providing vital financial support through grants, awards, and scholarships. By offering assistance for tuition and fees to students, the foundation helps to alleviate the financial burdens that can impede academic success and accessibility to higher education.
Additionally, the foundation supports faculty by funding research initiatives and recognizing scholarly achievements, fostering an environment of academic excellence. Through various lectures and programs, it also promotes a culture of learning and intellectual engagement within the university community. Overall, the foundation's contributions play a crucial role in cultivating a rich educational environment that benefits both students and professors in Florence, SC.
This information is meant to be a general summary of Francis Marion University 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: $924,992
- Program Service Revenue: $354,699
- Gross Receipts: $25,149,353
Assets and Liabilities:
- Total Assets: $44,605,407
- Total Liabilities: $327,870
- Net Assets: $44,277,537
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL
Revenue
$173,714
PERFORMING ARTS CENTER
Revenue
$121,734
REGISTRATION/OTHER FEES
Revenue
$59,251
Organization Details
Founding Year
1974
Phone
(843) 661-1295Principal Officer
Ms Lauren Stanton
Main Address
POST OFFICE BOX 100547, FLORENCE, SC, 29502
Website
www.fmarion.eduNTEE Category
Code: B43I - Education
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