Overview
What is Minnesota State University Mankato Foundation Inc?
Minnesota State University Mankato Foundation Inc is a charitable organization, located at 224 Alumni Foundation Center, Mankato, Minnesota 56001. Its primary mission is to support Minnesota State University, Mankato, by securing private donations and grants. The foundation assists students by providing academic scholarships, athletic talent grants, and various awards and scholarships. It operates with responsibility, integrity, transparency, and trust, ensuring the responsible use of donated funds. The foundation also provides leadership, advocacy, and support for the university's strategic priorities, promoting educational access and enriching experiences for students. Additionally, it encourages and stewards sustained philanthropic support from alumni and friends.
Official website here: www.mnsu.edu/giving/foundation
What are the reviews and ratings of this charity?
**Rating: 96% (Four-Star out of Four Star rating from Charity Navigator)**
The Minnesota State University Mankato Foundation Inc has achieved an impressive 96% rating on Charity Navigator, reflecting its strong accountability and financial management practices. With a perfect score for independent board membership and a well-structured audit and oversight committee, the foundation demonstrates transparency and responsible governance. Its fiscal metrics indicate a healthy balance between assets and liabilities, showcasing long-term sustainability.
Strengths include a low liability to assets ratio and effective fundraising efficiency, with minimal costs associated with generating donations. The foundation's clear policies, documented meeting minutes, and adherence to conflict of interest and whistleblower protocols further solidify its commitment to ethical operations. However, it is noted that the foundation has not been evaluated on impact measurement, culture, community, or leadership adaptability.
As for user feedback from GreatNonprofits, there were no reviews available to provide additional insights regarding public sentiment towards the foundation’s activities and community impact. Overall, the foundation appears to be a well-managed entity dedicated to supporting Minnesota State University's educational mission.
This AI summary has been generated from information found on Charity Navigator.
Is Minnesota State University Mankato Foundation Inc legitimate?
Minnesota State University Mankato Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Minnesota State University Mankato Foundation 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: $573,214
For more financial information, click here
Official website here: www.mnsu.edu/giving/foundation
What is the mission statement of Minnesota State University Mankato Foundation Inc?
The Minnesota State University Mankato Foundation Inc is committed to securing private donations and grants to benefit Minnesota State University, Mankato. Each year, numerous generous benefactors contribute funds to support students, faculty, and programs at the university. The foundation's mission is to strengthen the university's capacity to fulfill its goals by encouraging and managing sustained philanthropic support from alumni and friends. Operating with accountability, integrity, transparency, and trust, the foundation provides leadership, advocacy, and support for the university's strategic priorities. It also contributes to educational access and enriching experiences for students, and plays a significant role in promoting and engaging donor passion.
Official website here: www.mnsu.edu/giving/foundation
Who is the CEO of Minnesota State University Mankato Foundation Inc?
Allan Bohlke is the Executive Director, Msumf of Minnesota State University Mankato Foundation Inc.
Official website here: www.mnsu.edu/giving/foundation
What is the revenue of Minnesota State University Mankato Foundation Inc?
Minnesota State University Mankato Foundation Inc's revenue in 2023 was $7,880,381.
Official website here: www.mnsu.edu/giving/foundation
Who are the executives of Minnesota State University Mankato Foundation Inc and what are their salaries?
There 34 volunteers at Minnesota State University Mankato Foundation Inc.
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Official website here: www.mnsu.edu/giving/foundation
Where can I find the form 990 for Minnesota State University Mankato Foundation Inc?
Minnesota State University Mankato Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.mnsu.edu/giving/foundation
Learn more at the official website: www.mnsu.edu/giving/foundation
Mission Statement of Minnesota State University Mankato Foundation Inc
Minnesota State University Mankato Foundation Inc plays a crucial role in supporting Minnesota State University, Mankato. Their mission is centered around securing private gifts and grants to enhance the university's capabilities. This nonprofit organization encourages and stewards sustained philanthropic support from alumni and friends, operating with integrity, transparency, and trust. By doing so, they aim to advance the university's strategic priorities and provide support for educational access, enriching experiences for students, and promoting donor passion.
Additionally, Minnesota State University Mankato Foundation Inc serves as an advocate and leader, providing support for the university's mission. They believe in the power of philanthropy to transform lives and contribute to the university's success. By fostering a culture of giving, they aim to create opportunities for students, faculty, and programs, ensuring that Minnesota State University, Mankato continues to thrive and make a positive impact in the community.
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Impact
July, 2024
Minnesota State University Mankato Foundation Inc's impact is significant in supporting Minnesota State University, Mankato. The organization provides student aid opportunities for students to receive academic scholarships, athletic talent grants, and other awards and scholarships. Thousands of generous benefactors make gifts to help students, faculty, and programs at the university. The foundation's mission is to enhance the university's ability to achieve its goals by encouraging sustained philanthropic support from alumni and friends. They operate with responsible stewardship, integrity, transparency, and trust, providing leadership, advocacy, and support for the university's strategic priorities. Additionally, the foundation supports educational access and enriching experiences for students while promoting and engaging donor passion in the field of education.
This information is meant to be a general summary of Minnesota State University Mankato Foundation 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $270,289
- Gross Receipts: $26,986,972
Assets and Liabilities:
- Total Assets: $86,434,052
- Total Liabilities: $1,157,651
- Net Assets: $85,276,401
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Organization Details
Founding Year
1959
Phone
(507) 389-5595Principal Officer
Allan Bohlke
Main Address
224 ALUMNI FOUNDATION CENTER, MANKATO, MN, 56001
NTEE Category
Code: B110 - Education
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