Overview
What is Mckinley Foundation At The University Of Illinois?
The Mckinley Foundation at the University of Illinois is a nonprofit organization situated in Champaign, Illinois. Established with a focus on campus ministry, its primary mission is to enrich the intellectual, moral, and spiritual experiences of students attending the University of Illinois. The foundation provides housing for 262 students, fostering a nurturing environment that encourages the cultivation of a vibrant religious life among students, faculty, and staff. Its activities are centered around campus ministry, aiming to support and uplift the local Champaign-Urbana community. The organization is staffed by 30 dedicated individuals.
Official website here: www.mckinleycu.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 64% (Two-Star out of Four Star rating)
The Mckinley Foundation at the University of Illinois has received a Two-Star rating from Charity Navigator, indicating areas for improvement despite some strengths. The foundation excels in governance, with a fully independent board and comprehensive financial oversight policies. However, its financial performance reveals concerns, particularly in the liabilities to assets ratio, which significantly impacts its overall score.
Strengths include a solid governance structure, with all board members being independent and various oversight policies in place, such as conflict of interest and whistleblower protections. The foundation also demonstrates transparency in its operations with documented board meeting minutes and an audit committee, which are positive indicators for accountability.
On the downside, the foundation's financial metrics show a high liabilities to assets ratio, suggesting potential financial instability. Additionally, the absence of its tax form on the nonprofit's website raises concerns regarding transparency. Overall, while the Mckinley Foundation is well-governed, it faces challenges in financial sustainability and transparency that could affect its operations and donor confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Mckinley Foundation At The University Of Illinois legitimate?
Mckinley Foundation At The University Of Illinois is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mckinley Foundation At The University Of Illinois 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: $105,076
Professional Fundraising Fees: $0
Other Salaries and Wages: $460,955
For more financial information, click here
Official website here: www.mckinleycu.org
What is the mission statement of Mckinley Foundation At The University Of Illinois?
The mission of Mckinley Foundation at the University of Illinois is centered around fostering a vibrant religious life among college students, faculty, and staff. Specifically, their goal is to financially support the intellectual, moral, and spiritual growth of students at the University of Illinois. This is achieved through campus ministry activities, providing housing for 262 students.
Official website here: www.mckinleycu.org
Who is the CEO of Mckinley Foundation At The University Of Illinois?
Paula Hancock is the Executive Director of Mckinley Foundation At The University Of Illinois.
Official website here: www.mckinleycu.org
What is the revenue of Mckinley Foundation At The University Of Illinois?
Mckinley Foundation At The University Of Illinois's revenue in 2022 was $4,006,153.
Official website here: www.mckinleycu.org
Who are the executives of Mckinley Foundation At The University Of Illinois and what are their salaries?
The average compensation at Mckinley Foundation At The University Of Illinois during 2022 was $18,868. There are 30 employees and 110 volunteers at Mckinley Foundation At The University Of Illinois.
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- Compensation: $88,087
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- Other: $18,917
Official website here: www.mckinleycu.org
Where can I find the form 990 for Mckinley Foundation At The University Of Illinois?
Mckinley Foundation At The University Of Illinois's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mckinleycu.org
Learn more at the official website: www.mckinleycu.org
Mission Statement of Mckinley Foundation At The University Of Illinois
The McKinley Foundation at the University of Illinois is dedicated to assisting college students, faculty, and staff in Champaign-Urbana in nurturing a robust spiritual life. Its primary objective is to finance the intellectual, ethical, and religious experience of the students at the University of Illinois, providing rental accommodations for 262 students in the process. By offering a campus ministry, the McKinley Foundation aims to contribute to the overall development of its members, fostering an environment that promotes spiritual growth and personal enrichment.
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Impact
October, 2024
The McKinley Foundation at the University of Illinois significantly enhances the intellectual, moral, and spiritual experiences of students through its campus ministry initiatives. By providing a supportive environment, it fosters a sense of community among students, faculty, and staff in the Champaign-Urbana area.
The foundation actively engages with 262 students, offering them opportunities to explore their faith and values while cultivating a vital religious life on campus. Its efforts contribute to holistic student development, encouraging individuals to grow not just academically but also personally and spiritually. Through various programs and activities, the McKinley Foundation plays a crucial role in nurturing a vibrant campus culture that values both education and religious exploration.
This information is meant to be a general summary of Mckinley Foundation At The University Of Illinois. 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: $31,495
- Program Service Revenue: $3,730,597
- Gross Receipts: $4,021,441
Assets and Liabilities:
- Total Assets: $19,411,697
- Total Liabilities: $27,556,574
- Net Assets: -$8,144,877
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PRESBY HALL INCOME
Revenue
$3,718,346
SPECIAL EVENTS
Revenue
$12,251
Organization Details
Founding Year
1924
Phone
(217) 344-0297Principal Officer
Paula Hancock
Main Address
809 FIFTH STREET, CHAMPAIGN, IL, 61820
Website
www.mckinleycu.orgNTEE Category
Code: B8XZ - Education
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