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The University Of Manitoba Foundation Usa Inc

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

EIN: 363683991 ✦ Chicago, IL ✦ Designated as a 501(c)(3)

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Overview

What is The University Of Manitoba Foundation Usa Inc?

The University of Manitoba Foundation USA Inc, based in Chicago, Illinois, is a nonprofit organization that primarily focuses on making charitable, literary, scientific, and educational donations. Their primary mission is to support and advance higher education, research, and training at the University of Manitoba. This esteemed organization, located at 330 North Wabash Avenue, actively contributes to promoting these causes, furthering the University's growth and development.

What are the reviews and ratings of this charity?

Charity Navigator Rating: Needs Improvement

The University Of Manitoba Foundation USA Inc has received a Two-Star out of Four Star rating with an overall score of 73%. This rating reflects significant strengths in governance, including a fully independent board and strong accountability metrics. The organization has demonstrated excellent program expense efficiency, with a program expense ratio of 99.96%, indicating that nearly all funds are directed toward its mission.

However, the foundation faces notable limitations in its accountability practices. The absence of key policies such as a conflict of interest policy, whistleblower policy, and document retention policy raises concerns about governance and transparency. Additionally, the foundation's website is missing from its tax forms, which can hinder public trust and accountability.

Overall, while the foundation shows promise through its strong financial management and governance structure, the lack of essential policies and transparency measures detracts from its overall rating. Addressing these issues could enhance its credibility and effectiveness in the nonprofit sector.


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

Is The University Of Manitoba Foundation Usa Inc legitimate?

The University Of Manitoba Foundation Usa Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The University Of Manitoba Foundation Usa 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of The University Of Manitoba Foundation Usa Inc?

The University of Manitoba Foundation USA Inc's mission is centered around making charitable, literary, scientific, and educational donations. Their primary goal is to contribute to these areas by providing grants. Specifically, they direct their funds towards promoting, aiding, and advancing higher education, research, and training at the University of Manitoba.

Who is the CEO of The University Of Manitoba Foundation Usa Inc?

Michael Benarroch is the Director of The University Of Manitoba Foundation Usa Inc.

What is the revenue of The University Of Manitoba Foundation Usa Inc?

The University Of Manitoba Foundation Usa Inc's revenue in 2022 was $464,201.

Who are the executives of The University Of Manitoba Foundation Usa Inc and what are their salaries?

There 10 volunteers at The University Of Manitoba Foundation Usa Inc.


Here are 8 key members and their salaries:


Mart Bakal (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Dreman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anita Ross (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gerald Niznick (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Hugh Smith (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Benarroch (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vanessa Koldingnes (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gregory Winters (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for The University Of Manitoba Foundation Usa Inc?

The University Of Manitoba Foundation Usa Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of The University Of Manitoba Foundation Usa Inc

The University of Manitoba Foundation USA Inc, as a nonprofit organization, is dedicated to making donations for charitable, literary, scientific, and educational purposes. Its mission is to provide grants to the University of Manitoba, aiming to promote, aid, and advance higher education, research, and training. By doing so, this foundation contributes significantly to the academic and research endeavors of the University of Manitoba, ultimately fostering a conducive environment for knowledge expansion and skill development.

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Impact




July, 2024

The University Of Manitoba Foundation Usa Inc's impact lies in its support for charitable, literary, scientific, and educational purposes. By providing donations to the University of Manitoba, the foundation helps promote, aid, and advance higher education, research, and training. Its activities contribute to the growth and development of the university and its students, making a positive impact on the international educational community.




This information is meant to be a general summary of The University Of Manitoba Foundation Usa 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
$464,201 (2022)
Expenses
$443,437 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $73
  • Gross Receipts: $464,201

Assets and Liabilities:

  • Total Assets: $88,323
  • Total Liabilities: $0
  • Net Assets: $88,323

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Organization Details

Founding Year

1989

Principal Officer

Michael Benarroch

Main Address

330 NORTH WABASH AVENUE 21ST, CHICAGO, IL, 60611

NTEE Category

Code: Q300 - International

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