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Midamerica Nazarene University Foundation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 480996330 ✦ Olathe, KS ✦ Designated as a 501(c)(3)

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Overview

What is Midamerica Nazarene University Foundation?

The Midamerica Nazarene University Foundation is a dedicated nonprofit organization, situated in Olathe, Kansas, at 2030 E College Way. Its primary mission is to offer institutional support to 1,856 students attending MidAmerica Nazarene University. This support is extended through scholarship funds and various forms of assistance, contributing to the educational, religious, and charitable goals of the university. The foundation's activities aim to bolster the academic journey of students at MidAmerica Nazarene University, ensuring their success in their chosen fields.


Official website here: www.mnu.edu

What are the reviews and ratings of this charity?

**Rating:** 97% (Four-Star out of Four Star Rating from Charity Navigator)

Midamerica Nazarene University Foundation has achieved a high level of financial responsibility, as reflected in its Four-Star rating from Charity Navigator. This rating indicates strong accountability and finance practices, with key indicators showing a well-managed organization. Notably, 63% of its board members are independent, which helps ensure unbiased governance. The organization also excels in transparency, illustrated by its comprehensive conflict of interest and whistleblower policies.

The nonprofit demonstrates exceptional financial health with a program expense ratio of 98.08%, meaning almost all funds are directed towards its programming. Furthermore, it maintains a low liabilities to assets ratio and a significant working capital ratio, suggesting that it is effectively managing its resources and preparing for future needs. The foundation's commitment to strong oversight is underscored by its audit committee scoring a perfect 20 out of 20 points.

Unfortunately, detailed user reviews from GreatNonprofits are not available, so user sentiment regarding the foundation's impact and community engagement remains unassessed. Overall, the foundation stands out for its financial efficiency and governance but may have room for improvement in its documented impact metrics.


This AI summary has been generated from information found on Charity Navigator.

Is Midamerica Nazarene University Foundation legitimate?

Midamerica Nazarene University Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Midamerica Nazarene 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.mnu.edu

What is the mission statement of Midamerica Nazarene University Foundation?

The MidAmerica Nazarene University Foundation's mission is centered around providing educational, religious, and charitable support to MidAmerica Nazarene University. They achieve this by offering scholarship funds and various forms of assistance to the university. The primary goal of the foundation is to enhance the educational experience of 1,856 students attending MidAmerica Nazarene University. By offering financial aid and assistance, the foundation seeks to contribute to the university's growth and development.


Official website here: www.mnu.edu

Who is the CEO of Midamerica Nazarene University Foundation?

Jon D North is the Director of Midamerica Nazarene University Foundation.


Official website here: www.mnu.edu

What is the revenue of Midamerica Nazarene University Foundation?

Midamerica Nazarene University Foundation's revenue in 2022 was $7,052,350.


Official website here: www.mnu.edu

Who are the executives of Midamerica Nazarene University Foundation and what are their salaries?

There 12 volunteers at Midamerica Nazarene University Foundation.


Here are 13 key members and their salaries:


David J Spittal (Director)
  • Compensation: $0
  • Related: $200,081
  • Other: $0
Jon North (Executive Director)
  • Compensation: $0
  • Related: $133,926
  • Other: $34,618
Darrel W Anderson (Director)
  • Compensation: $0
  • Related: $132,542
  • Other: $15,249
Timothy R Keeton (Director (Part Year))
  • Compensation: $0
  • Related: $77,083
  • Other: $15,019
Evelyn M Kowalewski (Director)
  • Compensation: $0
  • Related: $7,997
  • Other: $615
Brian G Diddle (Director And Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles J Nunamaker (Director And Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Keith B Cox (Director And Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin P Gilmore (Director And Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael D Major (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larry D Mcintire (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniel D Rexroth (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Bond (Director (Part Year))
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.mnu.edu

Where can I find the form 990 for Midamerica Nazarene University Foundation?

Midamerica Nazarene University Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.mnu.edu

Learn more at the official website: www.mnu.edu

Mission Statement of Midamerica Nazarene University Foundation

The MidAmerica Nazarene University Foundation dedicates its efforts to offering support for MidAmerica Nazarene University. This nonprofit organization carries out its mission through the provision of scholarship funds and various forms of assistance to the university. Its primary objective is to contribute to the university's educational, religious, and charitable endeavors. By providing these resources, the MidAmerica Nazarene University Foundation aims to contribute positively to the learning experience and overall well-being of 1,856 students who are enrolled at the university. In essence, the foundation serves as a vital partner in the pursuit of MidAmerica Nazarene University's academic and developmental goals.

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Impact




July, 2024

Midamerica Nazarene University Foundation's impact is significant as it provides support for MidAmerica Nazarene University through scholarship funds and other assistance. This institutional support directly benefits 1,856 students at the university in Olathe, Kansas. By offering educational, religious, and charitable support, the Foundation plays a crucial role in enabling students to access quality education and achieve their academic goals. Through its mission of providing scholarship funds and assistance to the University, the Midamerica Nazarene University Foundation is making a meaningful contribution to the field of education.




This information is meant to be a general summary of Midamerica Nazarene 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.

Revenue
$7,052,350 (2022)
Expenses
$18,141,818 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $645,528
  • Gross Receipts: $9,621,181

Assets and Liabilities:

  • Total Assets: $20,829,524
  • Total Liabilities: $3,601,108
  • Net Assets: $17,228,416

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Organization Details

Founding Year

1984

Principal Officer

Jon D North

Main Address

2030 E College Way, Olathe, KS, 66062

NTEE Category

Code: B42I - Education

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