Martin University Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 310970262 ✦ Indianapolis, IN ✦ Designated as a 501(c)(3)

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Overview

What is Martin University Inc?

Martin University Inc, located in Indianapolis, Indiana, is a private college that offers a four-year liberal arts program to approximately 271 students. The university's mission is rooted in making higher education accessible to all, with a focus on serving minority, low-income, and adult learners in a nurturing and liberated environment. With a staff of 89 dedicated individuals, Martin University provides a comprehensive educational experience, fostering an atmosphere that encourages personal growth and development.


Official website here: www.martin.edu

What are the reviews and ratings of this charity?

Charity Navigator Rating: 87% (Three-Star out of Four Stars)

Martin University Inc has earned a strong Three-Star rating from Charity Navigator, reflecting its solid performance in accountability and finance. The organization showcases a fully independent board and has received top scores in several governance areas, including the absence of material asset diversion and effective oversight of financial statements. Additionally, it maintains transparency through established policies and documented board meeting minutes.

The organization has a commendable fundraising efficiency ratio, indicating that it raises funds effectively relative to expenses. However, it faces some challenges with its program expense ratio, which is lower than ideal at 57.45%. This could suggest that a smaller portion of its budget is being allocated directly to programs and services compared to other nonprofits, which may raise some concerns among stakeholders about the impact of their contributions.

Overall, Martin University Inc demonstrates a healthy financial structure and a commitment to accountability, although it could improve its program spending to enhance its mission effectiveness.


This AI summary has been generated from information found on Charity Navigator.

Is Martin University Inc legitimate?

Martin University Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Martin University 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: $193,152
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,130,918

For more financial information, click here


Official website here: www.martin.edu

What is the mission statement of Martin University Inc?

Martin University Inc's mission is centered around making higher education accessible to individuals who can benefit the most, specifically focusing on minority, low-income, and adult learners. This is accomplished in an environment that fosters healing and freedom of thought. The institution's goal is to provide a high-quality, four-year liberal arts program, serving approximately 271 students.


Official website here: www.martin.edu

Who is the CEO of Martin University Inc?

Sean Huddleston is the Chair of Martin University Inc.


Official website here: www.martin.edu

What is the revenue of Martin University Inc?

Martin University Inc's revenue in 2021 was $6,489,319.


Official website here: www.martin.edu

Who are the executives of Martin University Inc and what are their salaries?

The average compensation at Martin University Inc during 2021 was $37,349. There are 89 employees and 115 volunteers at Martin University Inc.


Here are 14 key members and their salaries:


Joseph Perkins (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Max Siegel (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terry Morris (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bruce Buchanan (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ivan Baird (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ramon Morrison (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Doug Bowen (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patricia Payne (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lambert Gates (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Heidi Reis (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Harrington (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brenda Shaheed (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Hunter (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sean Huddleston (President)
  • Compensation: $168,152
  • Related: $0
  • Other: $25,000


Official website here: www.martin.edu

Where can I find the form 990 for Martin University Inc?

Martin University Inc's most recent form 990 was submitted in 2021 and can be accessed here.


Official website here: www.martin.edu

Learn more at the official website: www.martin.edu

Mission Statement of Martin University Inc

Martin University Inc, a private institution, is committed to making higher education accessible to all who can benefit, with a particular focus on serving minority, low-income, and adult learners. This university operates in an environment that fosters healing and freedom. Its mission is to provide a four-year liberal arts program to approximately 271 students, ensuring that education remains within reach for those who can greatly benefit from it. Martin University Inc aims to create an inclusive learning environment, catering to the unique needs of its diverse student body.

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Impact




October, 2024

Martin University Inc significantly impacts the community by providing access to higher education for minority, low-income, and adult learners in a supportive and inclusive environment. Located in Indianapolis, the university offers a four-year liberal arts program to around 271 students, fostering academic growth and personal development. By focusing on the needs of underrepresented populations, Martin University empowers individuals to pursue their educational goals, ultimately contributing to social mobility and community enrichment. The institution’s commitment to creating a healing and freedom-minded atmosphere ensures that all students have the opportunity to thrive and succeed in their academic endeavors.




This information is meant to be a general summary of Martin University 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.

Revenue
$6,489,319 (2021)
Expenses
$5,591,895 (2021)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Investment Income: $85,779
  • Program Service Revenue: $2,776,541
  • Gross Receipts: $6,595,644

Assets and Liabilities:

  • Total Assets: $11,458,178
  • Total Liabilities: $1,497,722
  • Net Assets: $9,960,456

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

TUITION AND FEES

Revenue

$2,694,199

MISCELLANEOUS INCOME

Revenue

$82,342

Organization Details

Founding Year

1977

Principal Officer

Sean Huddleston

Main Address

2186 NORTH SHERMAN DRIVE, INDIANAPOLIS, IN, 46218

NTEE Category

Code: B42 - Education

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