Overview
What is Marion Military Institute Foundation?
The Marion Military Institute Foundation is a nonprofit organization that wholeheartedly supports Marion Military Institute. Through their initiatives, they establish endowments and various forms of assistance to bolster scholarships, capital improvements, public relations, recruitment, and enhance the institute's reputation. Their primary commitment is to provide unwavering backing to Marion Military Institute.
Official website here: www.marionmilitary.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95%
The Marion Military Institute Foundation has achieved an impressive Four-Star out of Four Star rating from Charity Navigator, indicating a high level of accountability and finance management. This rating is based entirely on their accountability and finance score, which stands at 95%. Such a score reflects strong governance practices, including a fully independent board and robust financial oversight.
One of the key strengths of the foundation is its exceptional program expense ratio of 97.02%, illustrating that nearly all its resources are directed towards its mission-related activities. Additionally, the organization has demonstrated effective fundraising practices, as indicated by a fundraising efficiency ratio of $0.00, which suggests they do not incur costs in their fundraising efforts.
However, it is worth noting that the foundation lacks a whistleblower policy, which received a score of 0 out of 5 points. This gap could present potential risks in terms of transparency and accountability. Despite this limitation, the overall financial health and governance structure of the Marion Military Institute Foundation suggest a well-managed organization committed to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Marion Military Institute Foundation legitimate?
Marion Military Institute Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Marion Military Institute 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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Professional Fundraising Fees: $0
Other Salaries and Wages: $50,000
For more financial information, click here
Official website here: www.marionmilitary.edu
What is the mission statement of Marion Military Institute Foundation?
The Marion Military Institute Foundation functions to enhance the capabilities of Marion Military Institute. Its primary objective is to create endowments and various forms of financial assistance to bolster scholarships, infrastructure development, public relations, recruitment, and the overall reputation of the institution. The Foundation's activities encompass providing support for the Marion Military Institute in these areas.
Official website here: www.marionmilitary.edu
Who is the CEO of Marion Military Institute Foundation?
Edward A O'Neal Jr is the Chairman of Marion Military Institute Foundation.
Official website here: www.marionmilitary.edu
What is the revenue of Marion Military Institute Foundation?
Marion Military Institute Foundation's revenue in 2022 was $31,604,927.
Official website here: www.marionmilitary.edu
Who are the executives of Marion Military Institute Foundation and what are their salaries?
Here are 21 key members and their salaries:
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Official website here: www.marionmilitary.edu
Where can I find the form 990 for Marion Military Institute Foundation?
Marion Military Institute Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.marionmilitary.edu
Learn more at the official website: www.marionmilitary.edu
Mission Statement of Marion Military Institute Foundation
The Marion Military Institute Foundation is a charitable organization dedicated to enhancing the capabilities and reputation of Marion Military Institute. Established with the purpose of creating endowments and various forms of financial assistance, the Foundation plays a crucial role in supporting the institution's academic pursuits and infrastructure development.
More specifically, the Marion Military Institute Foundation invests in scholarships, which are vital in attracting and retaining talented students. By providing financial aid, the organization enables deserving individuals to pursue their education without being burdened by financial constraints. Additionally, the Foundation supports capital improvements, ensuring the Institute's facilities remain modern and conducive to learning.
Furthermore, the Foundation's efforts extend to public relations and recruitment, which are instrumental in promoting the institute's name and mission. Through these initiatives, the Foundation helps Marion Military Institute maintain a strong presence and attract a diverse student body. Overall, the Marion Military Institute Foundation is an integral partner in the Institute's quest for excellence, contributing to its long-term sustainability and growth.
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Impact
October, 2024
The Marion Military Institute Foundation plays a crucial role in enhancing the educational experience and operational capabilities of Marion Military Institute. By establishing endowments and providing various forms of support, the Foundation significantly contributes to scholarships, which enable deserving students to pursue their educational and military training goals.
Additionally, its efforts in funding capital improvements help maintain and upgrade facilities, ensuring that students have access to a conducive learning environment. The Foundation's initiatives in public relations and recruitment enhance the institution's visibility and reputation, attracting a diverse and talented student body. Overall, the Foundation's impact is felt across multiple facets of the institution, fostering growth, excellence, and a commitment to quality education in the military framework.
This information is meant to be a general summary of Marion Military Institute 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: $213,031
- Gross Receipts: $31,604,927
Assets and Liabilities:
- Total Assets: $38,009,022
- Total Liabilities: $307,898
- Net Assets: $37,701,124
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Organization Details
Founding Year
2010
Phone
(334) 683-2398Principal Officer
Edward A O'Neal Jr
Main Address
1101 Washington Street, Marion, AL, 36756
Website
www.marionmilitary.eduNTEE Category
Code: B12 - Education
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