Overview
What is Michigan Press Association Foundation?
The Michigan Press Association Foundation, situated in Lansing, Michigan, is a nonprofit organization dedicated to fostering educational opportunities in journalism. They achieve this goal through various initiatives, including granting scholarships for young journalists, teachers, and interns, as well as covering summer workshop tuitions. During the year in question, they awarded and paid out nine such scholarships. The foundation's primary mission is to manage funds to carry out charitable, educational, scientific, and literary tasks in alignment with the Michigan Press Association's objectives.
Official website here: www.michiganpress.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 57%, One-Star out of Four Star rating.
The Michigan Press Association Foundation has received a low rating of 57%, reflecting concerns primarily related to accountability and financial management. The organization scores well in governance, with a fully independent board and policies in place for conflicts of interest and whistleblowing, indicating a strong commitment to ethical oversight.
However, significant weaknesses are noted in the financial metrics, particularly the low program expense ratio of 35.90%, which suggests that a smaller portion of its budget is being allocated to its programs compared to administrative costs. Additionally, the organization's liabilities to assets ratio is concerning at 1.23%, indicating potential financial instability. Furthermore, the absence of its tax form on its website raises transparency issues, which can detract from trust and accountability.
In summary, while the Michigan Press Association Foundation demonstrates strong governance practices, its financial efficiency and transparency raise red flags that potential donors should consider.
This AI summary has been generated from information found on Charity Navigator.
Is Michigan Press Association Foundation legitimate?
Michigan Press Association Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Michigan Press Association 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.
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Official website here: www.michiganpress.org
What is the mission statement of Michigan Press Association Foundation?
The Michigan Press Association Foundation's mission is centered around receiving and administering funds to carry out charitable, educational, scientific, and literary functions. These activities are aimed at supporting the activities and purposes of the Michigan Press Association. The foundation actively encourages and fosters educational opportunities for young journalists. This is achieved through various scholarships, such as journalism scholarships, teacher scholarships, and intern scholarships, as well as covering summer workshop tuitions. Each year, the foundation awards and pays out these scholarships, with nine scholarships being distributed during the year in question.
Official website here: www.michiganpress.org
Who is the CEO of Michigan Press Association Foundation?
James Tarrant is the President of Michigan Press Association Foundation.
Official website here: www.michiganpress.org
What is the revenue of Michigan Press Association Foundation?
Michigan Press Association Foundation's revenue in 2022 was $53,977.
Official website here: www.michiganpress.org
Who are the executives of Michigan Press Association Foundation and what are their salaries?
There 16 volunteers at Michigan Press Association Foundation.
Here are 19 key members and their salaries:
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Official website here: www.michiganpress.org
Where can I find the form 990 for Michigan Press Association Foundation?
Michigan Press Association Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.michiganpress.org
Learn more at the official website: www.michiganpress.org
Mission Statement of Michigan Press Association Foundation
The Michigan Press Association Foundation is an organization committed to receiving and managing funds for charitable, educational, scientific, and literary purposes. Aligned with the objectives of the Michigan Press Association, this foundation aims to support various activities and purposes. One of its key initiatives is to encourage and foster educational opportunities for young journalists. Each year, scholarships are granted to deserving individuals, including journalism students, teachers, and interns. Additionally, the foundation covers tuition fees for summer workshops, as evidenced by the 9 scholarships awarded during a recent year.
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Impact
August, 2024
Michigan Press Association Foundation has a significant impact on the field of journalism by encouraging and furthering educational opportunities for young journalists. Through the granting of journalism scholarships, teacher and intern scholarships, and covering summer workshop tuitions, the foundation supports the next generation of writers and reporters. In the past year, the foundation awarded and paid out nine scholarships, contributing to the education and development of aspiring journalists. This direct support helps cultivate a skilled and diverse group of individuals who will contribute to the future of journalism in Michigan and beyond.
This information is meant to be a general summary of Michigan Press Association 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: $380
- Gross Receipts: $63,821
Assets and Liabilities:
- Total Assets: $443,310
- Total Liabilities: $10,428
- Net Assets: $432,882
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Organization Details
Founding Year
1980
Phone
(517) 372-2424Principal Officer
James Tarrant
Main Address
827 N WASHINGTON AVE, LANSING, MI, 48906
Website
www.michiganpress.orgNTEE Category
Code: A03 - Arts
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