Overview
What is The Mu Chapter Foundation?
The Mu Chapter Foundation, based in Seattle, Washington, is a nonprofit organization dedicated to supporting the academic pursuits of undergraduate members of the Mu Chapter of Alpha Sigma Phi Fraternity. In 2022, they contributed $69,362 towards the ongoing renovations of the fraternity house, providing a conducive educational space for its members. Their mission is to recognize and reward the efforts of these young men as they strive to embody the values of silence, charity, purity, honor, and patriotism, thereby fostering their personal growth and development.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
The Mu Chapter Foundation has achieved a Three-Star rating from Charity Navigator, reflecting solid accountability and financial health. The rating is based entirely on the organization's Accountability & Finance score, which stands at 80%. This score indicates that the foundation is transparent and responsible in its operations, ensuring that donor contributions are managed effectively.
One of the notable strengths of The Mu Chapter Foundation is its governance structure, with a fully independent board consisting of ten members. This independence is crucial for maintaining integrity and ethical oversight. Furthermore, the foundation has demonstrated no material diversion of assets and has a strong conflict of interest policy in place, contributing to its positive rating.
On the financial side, the foundation excels with a program expense ratio of nearly 94%, indicating that a significant majority of its expenses directly support its programs. This commitment to program funding, alongside a zero liability to assets ratio, highlights the foundation’s financial stability. Overall, while the score is commendable, it is primarily derived from a single metric, suggesting potential areas for further enhancement in other evaluation criteria.
This AI summary has been generated from information found on Charity Navigator.
Is The Mu Chapter Foundation legitimate?
The Mu Chapter Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Mu Chapter 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.
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Professional Fundraising Fees: $0
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What is the mission statement of The Mu Chapter Foundation?
The Mu Chapter Foundation's mission is centered around supporting the academic pursuits of undergraduate members. This support is extended to the Mu Chapter of Alpha Sigma Phi Fraternity, encouraging their growth into well-rounded individuals. The foundation's purpose is rooted in the values of Silence, Charity, Purity, Honor, and Patriotism, aiming to foster better men through their educational endeavors. In 2022, the foundation contributed 69,362 dollars towards the ongoing renovations of the Mu Chapter House, providing the undergraduate members with an enhanced educational space.
What is the revenue of The Mu Chapter Foundation?
The Mu Chapter Foundation's revenue in 2023 was $23,698.
Who are the executives of The Mu Chapter Foundation and what are their salaries?
There 10 volunteers at The Mu Chapter Foundation.
Here are 10 key members and their salaries:
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Where can I find the form 990 for The Mu Chapter Foundation?
The Mu Chapter Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of The Mu Chapter Foundation
The Mu Chapter Foundation, an organization dedicated to supporting academic pursuits, has a mission to aid and recognize the efforts of undergraduate members belonging to the Mu Chapter of Alpha Sigma Phi fraternity. This mission is rooted in the values of Silence, Charity, Purity, Honor, and Patriotism, aiming to help these individuals transform into better men through their collective endeavors. In line with this purpose, the foundation provided a substantial financial contribution of 69,362 dollars in 2022, which was allocated towards the ongoing renovations of the Mu Chapter House. This educational space serves as a crucial resource for undergraduate members, allowing them to optimally engage in their academic pursuits.
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Impact
August, 2024
The Mu Chapter Foundation's impact can be seen in its dedication to supporting the academic pursuits of undergraduate members of the Mu Chapter of Alpha Sigma Phi fraternity. In 2022, the foundation provided substantial financial support to the Mu Chapter house for ongoing renovations, totaling $69,362. This contribution directly benefits the undergraduate members by enhancing their educational space and facilitating a conducive environment for their academic growth. Through its mission of recognizing and rewarding efforts to become better men rooted in values such as silence, charity, purity, honor, and patriotism, the Mu Chapter Foundation plays a vital role in shaping the educational experience and personal development of these young individuals in Seattle, WA.
This information is meant to be a general summary of The Mu Chapter 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: $15,115
- Gross Receipts: $23,698
Assets and Liabilities:
- Total Assets: $497,516
- Total Liabilities: $0
- Net Assets: $497,516
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Organization Details
Founding Year
2014
Principal Officer
Bob Strecker
NTEE Category
Code: B82 - Education
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