Overview
What is Missouri Colleges Fund Inc?
Missouri Colleges Fund Inc, located in Jefferson City, Missouri, serves as a nonprofit organization with a mission to procure financial resources for the education of students in its affiliated independent four-year liberal-arts colleges and universities. Throughout the year, the organization offers needs-based financial aid to over 500 students, enabling them to pursue their higher education at these institutions, where they might otherwise not have been able to enroll. The Missouri Colleges Fund operates with a modest workforce of two dedicated individuals, working tirelessly to fulfill their mission and support the academic journey of these students.
Official website here: www.mocollegesfund.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 74%, earning it a Two-Star out of Four Star rating. The Missouri Colleges Fund Inc shows a mixed performance in terms of accountability and financial management. While it has a Leadership & Adaptability Score of 100, indicating strong strategic direction and responsiveness, its overall rating is hampered by a relatively low Program Expense Ratio of 59.21%, which suggests that a significant portion of its expenses may not be directed toward its charitable programs.
The organization demonstrates robust governance practices, with a strong independent board size and effective oversight on financial statements. However, the lack of a whistleblower policy is noted as a significant limitation, as this can impact transparency and accountability within the organization. The documented board meeting minutes and adherence to conflict of interest and document retention policies are positives that contribute to its accountability score.
Overall, while Missouri Colleges Fund Inc shows strengths in leadership and financial oversight, the areas of program expense allocation and governance policies need further enhancement to improve its overall rating and effectiveness in fulfilling its nonprofit mission.
This AI summary has been generated from information found on Charity Navigator.
Is Missouri Colleges Fund Inc legitimate?
Missouri Colleges Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Missouri Colleges Fund 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: $113,929
Professional Fundraising Fees: $0
Other Salaries and Wages: $15,175
For more financial information, click here
Official website here: www.mocollegesfund.org
What is the mission statement of Missouri Colleges Fund Inc?
The Missouri Colleges Fund Inc, as its mission, aims to procure resources to facilitate the education of students in its affiliated independent four-year liberal-arts colleges and universities. This mission is carried out by providing financial aid to students with financial needs, enabling them to attend these institutions where they might otherwise have been unable to enroll. The organization's activities contribute significantly to broadening educational opportunities for numerous students.
Official website here: www.mocollegesfund.org
Who is the CEO of Missouri Colleges Fund Inc?
Susan Stegeman is the President of Missouri Colleges Fund Inc.
Official website here: www.mocollegesfund.org
What is the revenue of Missouri Colleges Fund Inc?
Missouri Colleges Fund Inc's revenue in 2022 was $564,046.
Official website here: www.mocollegesfund.org
Who are the executives of Missouri Colleges Fund Inc and what are their salaries?
The average compensation at Missouri Colleges Fund Inc during 2022 was $64,552. There are 2 employees at Missouri Colleges Fund Inc.
Here are 31 key members and their salaries:
- Compensation: $101,063
- Related: $0
- Other: $11,412
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.mocollegesfund.org
Where can I find the form 990 for Missouri Colleges Fund Inc?
Missouri Colleges Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mocollegesfund.org
Learn more at the official website: www.mocollegesfund.org
Mission Statement of Missouri Colleges Fund Inc
Missouri Colleges Fund, a nonprofit organization, is committed to its mission of procuring resources to aid in the education of students enrolled in its member independent four-year liberal-arts colleges and universities. The primary objective of this organization is to make higher education accessible to students who may not have had the opportunity otherwise. Through its efforts, Missouri Colleges Fund provided financial aid to over 500 needy students during the year, enabling them to attend these esteemed institutions in Missouri. By acquiring resources, Missouri Colleges Fund plays a crucial role in empowering students to pursue their academic dreams and contribute to society in meaningful ways.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Missouri Colleges Fund Inc's impact is evident in the provision of needs-based financial aid to over 500 students during the year. This aid enables students to attend independent colleges or universities in Missouri, where they might otherwise not have been able to enroll. Through this support, Missouri Colleges Fund plays a crucial role in facilitating access to higher education for deserving individuals, ultimately contributing to the educational advancement of students in member independent four-year liberal-arts colleges.
This information is meant to be a general summary of Missouri Colleges Fund 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 2022.
- Investment Income: $3,033
- Program Service Revenue: $193,861
- Gross Receipts: $564,046
Assets and Liabilities:
- Total Assets: $76,578
- Total Liabilities: $0
- Net Assets: $76,578
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$193,861
Organization Details
Founding Year
1952
Phone
(573) 893-3818Principal Officer
Susan Stegeman
Main Address
3401 W TRUMAN BOULEVARD 202, JEFFERSON CITY, MO, 65109
Website
www.mocollegesfund.orgNTEE Category
Code: B42 - Education
If you are a representative of Missouri Colleges Fund Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.