Overview
What is Eastern Michigan University Foundation?
The Eastern Michigan University Foundation is a nonprofit organization situated in Ypsilanti, Michigan, at 112 Welch Hall, 850 W Cross St, 48197. Their primary role is to raise funds on behalf of Eastern Michigan University, managing these assets and investments for future disbursement. The foundation's activities include collecting and directly disbursing expendable scholarships and program services to the university. The remaining gifts are endowed and invested for future use. The Eastern Michigan University Foundation aims to expand the university's resources and create opportunities for students, programs, services, and the educational community through collaborative relationships, effective asset management, entrepreneurial efforts, and development activities.
Official website here: www.emufoundation.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 97%, Four-Star out of Four Star rating.
The Eastern Michigan University Foundation has received a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in both accountability and financial management. The organization boasts an impressive Accountability & Finance score of 95, with 100% of its board members being independent, thereby ensuring unbiased governance. The foundation has established rigorous oversight measures, including a well-functioning Audit and Oversight Committee, and has demonstrated no material diversion of assets.
In terms of impact, the foundation excels with a perfect score of 100 for both its impact and impact evaluation. This indicates that it effectively measures and demonstrates the outcomes of its programs, having supported 300 beneficiaries in a recent assessment period. The foundation maintains healthy financial ratios, including a program expense ratio of 77.31%, which indicates a large portion of its expenses directly contributes to its mission.
Despite its strengths, the overall score is weighted significantly towards impact and measurement, which can sometimes overshadow detailed insights into long-term financial sustainability. However, the foundation's robust financial practices and commitment to transparency position it well for ongoing success and donor confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Eastern Michigan University Foundation legitimate?
Eastern Michigan University Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Eastern Michigan University 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $330,684
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,656,556
For more financial information, click here
Official website here: www.emufoundation.org
What is the mission statement of Eastern Michigan University Foundation?
The Eastern Michigan University Foundation serves a crucial role in raising funds for the exclusive benefit of Eastern Michigan University. Its primary objective is to expand the university's resource base by managing assets, investing, and disbursing funds. Through collaborative partnerships with individuals, corporations, foundations, and other organizations, the foundation creates opportunities that support students, programs, services, and the educational community of Eastern Michigan University. The foundation achieves its mission through effective asset management, entrepreneurial efforts, development activities, and image enhancement.
Official website here: www.emufoundation.org
What is the revenue of Eastern Michigan University Foundation?
Eastern Michigan University Foundation's revenue in 2023 was $20,178,449.
Official website here: www.emufoundation.org
Who are the executives of Eastern Michigan University Foundation and what are their salaries?
The average compensation at Eastern Michigan University Foundation during 2023 was $50,955. There are 39 employees and 150 volunteers at Eastern Michigan University Foundation.
Here are 38 key members and their salaries:
- Compensation: $261,769
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- Other: $104,708
- Compensation: $132,482
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- Other: $52,993
- Compensation: $140,581
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- Other: $12,756
- Compensation: $136,835
- Related: $0
- Other: $15,819
- Compensation: $123,552
- Related: $0
- Other: $15,144
- Compensation: $101,770
- Related: $0
- Other: $28,758
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Official website here: www.emufoundation.org
Where can I find the form 990 for Eastern Michigan University Foundation?
Eastern Michigan University Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.emufoundation.org
Learn more at the official website: www.emufoundation.org
Mission Statement of Eastern Michigan University Foundation
The Eastern Michigan University Foundation serves as a vital partner to Eastern Michigan University, working tirelessly to expand its resource base for the exclusive benefit of the institution. In doing so, the organization solicits private funds and manages assets, investing and disbursing these resources to support students, programs, services, and the educational community at Eastern Michigan University. The Eastern Michigan University Foundation's mission is multifaceted, encompassing collaborative relationships with individuals, corporations, foundations, and other organizations to create opportunities that strengthen the university.
Through image enhancement, the foundation effectively showcases the university's accomplishments and potential to potential donors. Simultaneously, they employ sound asset management strategies to optimize the use of funds and generate returns. The Eastern Michigan University Foundation's entrepreneurial efforts and development activities further bolster the university's resources, driving growth and progress. In essence, the foundation acts as a catalyst for Eastern Michigan University, fostering additional support and enhancing its overall impact.
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Impact
October, 2024
The Eastern Michigan University Foundation plays a crucial role in enhancing the educational landscape of Eastern Michigan University by soliciting and managing private funds. Its primary purpose is to expand the university's resource base, ensuring that students, programs, and services receive additional support.
Through effective asset management and strategic investment, the foundation allocates gifts both for immediate use, such as expendable scholarships and program services, and for long-term support through endowed funds. This diversified approach to fund disbursement allows the foundation to create lasting opportunities for current and future students.
By fostering collaborative relationships with individuals, corporations, and other organizations, the foundation not only enhances the university's image but also drives entrepreneurial initiatives that contribute to the overall growth and success of the educational community at Eastern Michigan University. Through its efforts, the foundation significantly impacts students' lives and the broader university environment, ensuring that they have the resources and opportunities needed to thrive.
This information is meant to be a general summary of Eastern Michigan University 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 2023.
- Investment Income: $460,474
- Program Service Revenue: $1,732,638
- Gross Receipts: $40,848,403
Assets and Liabilities:
- Total Assets: $99,026,744
- Total Liabilities: $1,903,491
- Net Assets: $97,123,253
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EASTERN MI UNIV. FEES
Revenue
$1,732,638
Organization Details
Founding Year
1990
Principal Officer
William Shepard
Website
www.emufoundation.orgNTEE Category
Code: B11 - Education
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