Overview
What is Michigan Tech Fund?
The Michigan Tech Fund is a nonprofit organization situated in Houghton, Michigan, with the address 1400 Townsend Drive. This entity supports Michigan Technological University by managing financial contributions and disbursing funds to various academic units and the university's infrastructure. In essence, it plays a crucial role in raising, investing, and distributing resources to Michigan Technological University for its continued growth and development.
Official website here: www.mtu.edu/giving/
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 87% (Three-Star out of Four Star rating)
The Michigan Tech Fund holds a strong rating of 87%, indicating commendable accountability and financial management. The score reflects the organization’s commitment to transparency and responsible stewardship of funds, with a perfect score in several areas, including financial statements oversight and material asset diversion, demonstrating solid governance practices.
Strengths of the Michigan Tech Fund include a high program expense ratio of 93.11%, which suggests that a significant portion of its funds is directed towards its programs rather than administrative costs. The nonprofit also excels in fundraising efficiency, with no fundraising costs reported, allowing more resources to be allocated directly to its mission. The organization has clear policies in place, such as conflict of interest and whistleblower policies, further enhancing its accountability.
While the overall score is positive, it's essential for potential donors to consider the context of the rating based solely on accountability and finance. The Michigan Tech Fund may benefit from broader evaluations that encompass impact and program effectiveness to provide a more comprehensive view of its overall effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Michigan Tech Fund legitimate?
Michigan Tech Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Michigan Tech Fund 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: $0
For more financial information, click here
Official website here: www.mtu.edu/giving/
What is the mission statement of Michigan Tech Fund?
The Michigan Tech Fund plays a crucial role in raising and managing financial contributions for Michigan Technological University. Its mission is geared towards providing support to the academic units and infrastructure of the institution. By receiving, investing, and disbursing donations, this organization contributes significantly to the University's ongoing initiatives and development. The Michigan Tech Fund acts as a vital financial pillar for Michigan Technological University, ensuring its academic programs and infrastructure thrive through the generosity of its donors.
Official website here: www.mtu.edu/giving/
Who is the CEO of Michigan Tech Fund?
Unavailable
Official website here: www.mtu.edu/giving/
What is the revenue of Michigan Tech Fund?
Michigan Tech Fund's revenue in 2022 was $23,017,845.
Official website here: www.mtu.edu/giving/
Who are the executives of Michigan Tech Fund and what are their salaries?
There 22 volunteers at Michigan Tech Fund.
Here are 12 key members and their salaries:
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Official website here: www.mtu.edu/giving/
Where can I find the form 990 for Michigan Tech Fund?
Michigan Tech Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mtu.edu/giving/
Learn more at the official website: www.mtu.edu/giving/
Mission Statement of Michigan Tech Fund
The Michigan Tech Fund is a vital organization that plays a significant role in raising, investing, and distributing funds to support Michigan Technological University. By doing so, it contributes to the academic and infrastructural development of the university.
This nonprofit entity's mission is geared towards securing financial resources for Michigan Technological University. It receives donations from various sources and manages them wisely by investing the funds appropriately. The disbursed funds then reach all areas of the university, ensuring that both academic units and the university's infrastructure benefit from the support.
In essence, the Michigan Tech Fund acts as a financial lifeline for Michigan Technological University. It collects contributions from generous donors and channels them towards various initiatives that foster growth and progress within the university. By doing so, it enables Michigan Technological University to continue its mission of providing quality education and research opportunities to its students and the broader community.
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Impact
October, 2024
The Michigan Tech Fund plays a crucial role in enhancing the academic and infrastructural capabilities of Michigan Technological University. By efficiently receiving, investing, and disbursing contributions, the Fund ensures that vital financial resources are directed towards supporting all academic units within the university. This financial backing is essential for fostering educational excellence, facilitating research opportunities, and maintaining the infrastructure necessary for a thriving academic environment. The impact of the Michigan Tech Fund is evident in the enriched educational experiences provided to students and the overall advancement of the university’s mission in Houghton, MI.
This information is meant to be a general summary of Michigan Tech Fund. 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: $5,648,230
- Gross Receipts: $44,458,702
Assets and Liabilities:
- Total Assets: $210,588,714
- Total Liabilities: $16,709,442
- Net Assets: $193,879,272
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Organization Details
Founding Year
1965
Phone
(906) 487-1931Main Address
1400 Townsend Drive, Houghton, MI, 49931
Website
www.mtu.edu/giving/NTEE Category
Code: B110 - Education
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