Overview
What is Minerva Institute For Research And Scholarship?
The Minerva Institute for Research and Scholarship, also known as Minerva University, is a nonprofit organization based in San Francisco, California. With a workforce of 640 employees, its mission is to provide affordable, high-quality education leading to an undergraduate degree. This is accomplished by identifying and awarding scholarships, direct aid, and instruction using innovative live video-based platforms and immersive residential services in seven global locations. The organization's primary goal is to stimulate meaningful innovation by supporting the development and access to transformative educational programs and identifying and assisting the most promising potential students regardless of their location or circumstances.
Official website here: www.minerva.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 89% (Three-Star out of Four Stars)
The Minerva Institute for Research and Scholarship has received an 89% rating from Charity Navigator, reflecting a strong emphasis on accountability and financial management. The organization demonstrates excellent governance, with a fully independent board and robust financial oversight mechanisms that have resulted in high scores across various accountability metrics.
Strengths of the organization include a substantial program expense ratio of 88.45%, indicating that a significant portion of its funds is directed toward its programs rather than administrative overhead. Additionally, it has effectively established policies for conflict of interest and whistleblower protections, enhancing its operational integrity.
However, some limitations are noted in the areas of financial ratios, particularly in fundraising efficiency and liabilities to assets. The fundraising efficiency ratio is quite low, suggesting that the organization may face challenges in generating funds relative to its expenditures. Addressing these areas could further strengthen its overall financial health and sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Minerva Institute For Research And Scholarship legitimate?
Minerva Institute For Research And Scholarship is a legitimate nonprofit organization registered as a 501(c)(3) entity. Minerva Institute For Research And Scholarship 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: $1,754,916
Professional Fundraising Fees: $0
Other Salaries and Wages: $12,461,326
For more financial information, click here
Official website here: www.minerva.edu
What is the mission statement of Minerva Institute For Research And Scholarship?
The Minerva Institute for Research and Scholarship is dedicated to fostering meaningful innovation by facilitating the growth of transformative educational programs. This is achieved by identifying and supporting the most promising students, regardless of their location or circumstances. The institute's mission is centered around providing affordable, high-quality educational programs leading to an undergraduate degree. To accomplish this, the institute identifies deserving students, awards scholarships and other forms of aid, and delivers instruction through a high-quality, scaffolded curriculum, all delivered via a live video-based platform. In addition, the institute offers immersive residential services in seven global locations.
Official website here: www.minerva.edu
Who is the CEO of Minerva Institute For Research And Scholarship?
Michael Magee is the Principal Officer of Minerva Institute For Research And Scholarship.
Official website here: www.minerva.edu
What is the revenue of Minerva Institute For Research And Scholarship?
Minerva Institute For Research And Scholarship's revenue in 2022 was $46,783,165.
Official website here: www.minerva.edu
Who are the executives of Minerva Institute For Research And Scholarship and what are their salaries?
The average compensation at Minerva Institute For Research And Scholarship during 2022 was $22,213. There are 640 employees and 12 volunteers at Minerva Institute For Research And Scholarship.
Here are 24 key members and their salaries:
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- Other: $12,897
- Compensation: $149,859
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- Other: $9,720
- Compensation: $141,309
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- Other: $11,273
Official website here: www.minerva.edu
Where can I find the form 990 for Minerva Institute For Research And Scholarship?
Minerva Institute For Research And Scholarship's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.minerva.edu
Learn more at the official website: www.minerva.edu
Mission Statement of Minerva Institute For Research And Scholarship
The Minerva Institute for Research and Scholarship is a pioneering organization that stimulates meaningful innovation by fostering the development and accessibility of transformative educational programs. By identifying and supporting the most promising potential students regardless of their location or circumstances, Minerva Institute empowers them to pursue undergraduate degrees through its affordable, high-quality educational programs.
Minerva Institute's mission comes to life by operating innovative live video-based educational platforms, delivering immersive residential services, and providing scholarships and other direct financial aid. In essence, the Institute identifies students with great potential, enabling them to access transformative educational programs that would otherwise be inaccessible due to financial or logistical constraints.
Minerva Institute's educational offerings encompass rigorous, scaffolded curricula designed to challenge and inspire students. This innovative approach to education is delivered through a live video-based platform, allowing students to engage in real-time learning experiences with their peers and instructors, fostering a dynamic and interactive educational environment. Additionally, Minerva Institute offers immersive residential services, providing students with opportunities to form deep connections with their peers and learn in a collaborative, supportive environment. With seven global locations available, Minerva Institute offers students a truly diverse and enriching educational experience.
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Impact
October, 2024
Minerva Institute For Research And Scholarship fosters meaningful innovation in education by creating accessible, high-quality programs that lead to undergraduate degrees. By identifying and supporting promising students from diverse backgrounds and circumstances, Minerva opens doors to transformative educational experiences.
The institute operates affordable educational programs delivered through a unique live video-based platform, complemented by immersive residential services across seven global locations. This innovative approach ensures that students receive a robust, scaffolded curriculum that enhances their learning experience. Through awarding scholarships and providing direct aid, Minerva empowers individuals to pursue their academic goals and contribute to a more educated and engaged global community.
This information is meant to be a general summary of Minerva Institute For Research And Scholarship. 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: $25,784
- Program Service Revenue: $16,674,450
- Gross Receipts: $48,545,579
Assets and Liabilities:
- Total Assets: $14,539,633
- Total Liabilities: $7,225,701
- Net Assets: $7,313,932
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION AND FEES
Revenue
$16,674,450
Organization Details
Founding Year
2013
Phone
(415) 325-2059Principal Officer
Michael Magee
Main Address
14 MINT PLAZA FLOOR 3, SAN FRANCISCO, CA, 94103
Website
www.minerva.eduNTEE Category
Code: B43 - Education
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