Overview
What is Umkc Foundation?
The Umkc Foundation is a non-profit organization whose primary role is to support the University of Missouri-Kansas City (UMKC) by enhancing its academic programs and educational opportunities beyond those funded by state resources, student fees, and tuition. Through funds raised, held, and administered by the foundation, they aim to make a significant impact on UMKC.
Official website here: www.umkcfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
The UMKC Foundation has received a commendable Four-Star rating from Charity Navigator, reflecting its high performance in accountability and finance. With a 99 score in this category, the organization demonstrates robust financial practices, including complete transparency in board governance and a lack of material diversion of assets, which indicates strong oversight and responsible management of resources.
Strengths of the UMKC Foundation include a majority independent board, thorough documentation of meeting minutes, and a well-structured compensation process for leadership. Its program expense ratio of over 89% suggests a strong emphasis on program delivery rather than administrative costs. Additionally, the foundation maintains a favorable liabilities to assets ratio and exceptional fundraising efficiency, signaling effective fundraising strategies that maximize donor contributions.
However, the organization does have some limitations, including a missing donor privacy policy, which may raise concerns for potential contributors regarding the confidentiality of their information. Despite this, the overall strengths of the UMKC Foundation place it as a reliable nonprofit, committed to its mission and responsible financial stewardship.
This AI summary has been generated from information found on Charity Navigator.
Is Umkc Foundation legitimate?
Umkc Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Umkc 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: $300,921
Professional Fundraising Fees: $257,958
Other Salaries and Wages: $786,266
For more financial information, click here
Official website here: www.umkcfoundation.org
What is the mission statement of Umkc Foundation?
The Umkc Foundation exists to support the University of Missouri-Kansas City (UMKC) by enhancing its academic programs and educational opportunities. The foundation achieves this goal by raising, holding, and administering funds to supplement state support, student fees, and tuition. Its mission is to benefit UMKC by investing in initiatives that go above and beyond the regular funding, ultimately enriching the academic experience for students and faculty. The foundation's efforts focus on expanding opportunities and resources to strengthen the university's educational offerings.
Official website here: www.umkcfoundation.org
Who is the CEO of Umkc Foundation?
Jerry Reece is the President of Umkc Foundation.
Official website here: www.umkcfoundation.org
What is the revenue of Umkc Foundation?
Umkc Foundation's revenue in 2022 was $15,012,155.
Official website here: www.umkcfoundation.org
Who are the executives of Umkc Foundation and what are their salaries?
The average compensation at Umkc Foundation during 2022 was $47,269. There are 23 employees and 15 volunteers at Umkc Foundation.
Here are 21 key members and their salaries:
- Compensation: $266,287
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- Other: $64,395
- Compensation: $143,216
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- Other: $17,755
- Compensation: $106,243
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- Other: $9,903
- Compensation: $102,151
- Related: $0
- Other: $11,360
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Official website here: www.umkcfoundation.org
Where can I find the form 990 for Umkc Foundation?
Umkc Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.umkcfoundation.org
Learn more at the official website: www.umkcfoundation.org
Mission Statement of Umkc Foundation
Umkc Foundation, a non-profit organization, is dedicated to enhancing the University of Missouri-Kansas City (UMKC) by supporting academic programs and educational opportunities beyond what is funded through state support, student fees, and tuition. The foundation raises, holds, and administers funds to benefit UMKC, focusing on academic enrichment. By doing so, Umkc Foundation contributes significantly to the university's growth and development. The organization is committed to improving UMKC's offerings, ensuring a well-rounded education for its students.
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Impact
October, 2024
The UMKC Foundation has a significant impact on the University of Missouri-Kansas City (UMKC) by enhancing academic programs and educational opportunities beyond what is possible through state funding, student fees, and tuition. By raising, holding, and administering funds, the Foundation directly supports initiatives that enrich the educational landscape at UMKC. This includes funding scholarships, faculty positions, research projects, and other vital programs that foster student success and community engagement. Through these efforts, the UMKC Foundation plays a crucial role in advancing the university's mission and ensuring that students have access to high-quality education and resources that prepare them for future challenges.
This information is meant to be a general summary of Umkc 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: $2,912,996
- Program Service Revenue: $1,468,458
- Gross Receipts: $21,862,686
Assets and Liabilities:
- Total Assets: $60,897,426
- Total Liabilities: $212,787
- Net Assets: $60,684,639
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
UMKC Contract Revenue
Revenue
$162,515
UMKC Support
Revenue
$725,000
MANAGEMENT FEE ON ENDOWED GIFTS
Revenue
$580,943
Organization Details
Founding Year
2007
Phone
(816) 235-1601Principal Officer
Jerry Reece
Main Address
5115 OAK STREET 202 ADMIN CENTER, KANSAS CITY, MO, 64112
Website
www.umkcfoundation.orgNTEE Category
Code: B11 - Education
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