Overview
What is Mayville State University Foundation?
Mayville State University Foundation serves as the primary entity responsible for handling the acceptance, investment, and support activities for Mayville State University. Its primary mission is to bolster the university, providing crucial support in various capacities. The foundation acts as a legal channel, ensuring the proper allocation and management of resources essential for Mayville State University's growth and development.
Official website here: www.mayvillestate.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Star rating)
Mayville State University Foundation has achieved a Three-Star rating from Charity Navigator, reflecting an overall score of 84%. This rating primarily highlights its strong accountability and finance practices, which are crucial for demonstrating trustworthiness to donors and stakeholders. The organization's commitment to maintaining an independent board and effective financial oversight indicates a solid foundation for responsible governance.
The Foundation's strengths are evident in its high scores for various accountability metrics, including a fully independent board and a positive financial statement review with no reported material diversions of assets. Furthermore, the organization effectively allocates the majority of its resources towards programs, with a program expense ratio of 81.76%, showcasing its dedication to fulfilling its mission.
However, there are notable limitations regarding governance policies, as the Foundation lacks a conflict of interest policy, whistleblower policy, and document retention policy. Addressing these gaps could enhance its accountability framework and further bolster donor confidence in its operations. Overall, while the Mayville State University Foundation demonstrates strong financial health and governance, improvement in its policy documentation is advisable.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Mayville State University Foundation?
88% of 30 reviewers on Facebook recommend the Mayville State University Foundation. Here is a summary of their reviews:
Many individuals express positive sentiments about their experiences with the nonprofit, highlighting a strong sense of community and enjoyment during events. Attendees appreciate the engaging activities organized by the foundation, which create memorable moments for participants.
Overall, the foundation appears to effectively foster a welcoming environment where people can come together and have fun, reinforcing the positive impact they have on their community.
This AI summary has been generated from reviews found on Facebook.
Is Mayville State University Foundation legitimate?
Mayville State University Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mayville State 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: $44,360
Professional Fundraising Fees: $0
Other Salaries and Wages: $129,371
For more financial information, click here
Official website here: www.mayvillestate.edu
What is the mission statement of Mayville State University Foundation?
The Mayville State University Foundation serves as the official legal entity responsible for accepting, investing, and supporting various activities associated with Mayville State University. Its mission is to facilitate and contribute to the initiatives and growth of Mayville State University. The foundation acts as a bridge between potential donors and the university, aiming to enhance its operations and development.
Official website here: www.mayvillestate.edu
Who is the CEO of Mayville State University Foundation?
Lon Jorgensen is the Principal Officer of Mayville State University Foundation.
Official website here: www.mayvillestate.edu
What is the revenue of Mayville State University Foundation?
Mayville State University Foundation's revenue in 2022 was $2,383,982.
Official website here: www.mayvillestate.edu
Who are the executives of Mayville State University Foundation and what are their salaries?
The average compensation at Mayville State University Foundation during 2022 was $57,910. There are 3 employees and 150 volunteers at Mayville State University Foundation.
Here are 14 key members and their salaries:
- Compensation: $22,180
- Related: $91,703
- Other: $26,600
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Official website here: www.mayvillestate.edu
Where can I find the form 990 for Mayville State University Foundation?
Mayville State University Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mayvillestate.edu
Learn more at the official website: www.mayvillestate.edu
Mission Statement of Mayville State University Foundation
The Mayville State University Foundation serves as the official legal entity responsible for accepting, investing, and supporting the activities of Mayville State University. In essence, its mission is to facilitate the university's growth and development by providing essential financial support. As the official conduit for Mayville State University, the foundation plays a crucial role in enhancing the university's capabilities and ensuring its continued success.
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Impact
July, 2024
Mayville State University Foundation plays a crucial role in supporting the activities of Mayville State University. Its impact can be seen in the direct assistance it provides to the university in terms of donations, investments, and other forms of support. By serving as the official conduit for accepting and managing funds for the university, the foundation helps enhance the educational experience for students, faculty, and staff at Mayville State University. Additionally, the foundation's efforts contribute to the overall growth and development of the institution, ensuring that it can continue to fulfill its mission of providing quality education to its community and beyond.
This information is meant to be a general summary of Mayville State 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 2022.
- Investment Income: $491,947
- Program Service Revenue: $145,057
- Gross Receipts: $9,152,452
Assets and Liabilities:
- Total Assets: $11,563,029
- Total Liabilities: $42,024
- Net Assets: $11,521,005
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ENDOWMENT MANAGMENT FEE
Revenue
$145,057
Organization Details
Founding Year
1961
Phone
(701) 788-4687Principal Officer
Lon Jorgensen
Main Address
330 3RD ST NE, MAYVILLE, ND, 58257
Website
www.mayvillestate.eduNTEE Category
Code: B80 - Education
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