Overview
What is Morrisville College Foundation Inc?
Morrisville College Foundation Inc, established as a not-for-profit organization in New York State, is principally dedicated to supporting the educational activities of the State University of New York College of Agriculture and Technology at Morrisville. Its mission encompasses funding scholarships, offering college assistance, managing endowment funds, and providing on-campus student housing. This year, the foundation significantly increased its scholarship support, resulting in an average student award increase of nearly 10%. This enhancement allowed more students to continue their education, particularly when financial challenges arose. The foundation's headquarters are located at 80 EATON STREET PO BOX 901, Morrisville, NY 13408-009.
Official website here: www.morrisville.edu/alumni/morrisville-college-fo
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Morrisville College Foundation Inc has received a solid score of 81%, which reflects a strong overall performance in accountability and finance. The organization boasts a high level of governance with 96% of its board members being independent. Furthermore, it has earned full points in various financial oversight areas, demonstrating effective management of its resources.
The foundation shows a commendable program expense ratio of nearly 95%, indicating that a significant portion of its funds is directed towards its programs rather than administrative costs. This high percentage signifies the foundation's commitment to maximizing impact and supporting its initiatives effectively.
However, the foundation has a lower score for its liabilities to assets ratio, which may suggest some concerns regarding financial leverage. While this does not detract significantly from its overall efficacy, it is a point to consider for potential donors regarding the long-term sustainability of the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Morrisville College Foundation Inc legitimate?
Morrisville College Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Morrisville College Foundation 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:
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For more financial information, click here
Official website here: www.morrisville.edu/alumni/morrisville-college-fo
What is the mission statement of Morrisville College Foundation Inc?
The Morrisville College Foundation Inc., a not-for-profit organization, was established to support the educational activities of the State University of New York College of Agriculture and Technology at Morrisville. Its primary objectives include funding scholarships, providing college assistance, administering endowment funds, and offering on-campus student housing. The foundation's aim is to contribute to the educational growth and development of students at the college. By providing financial aid and resources, the foundation seeks to make higher education more accessible to students, thereby fostering their academic success and personal growth.
Official website here: www.morrisville.edu/alumni/morrisville-college-fo
Who is the CEO of Morrisville College Foundation Inc?
Theresa Kevorkian is the Chairman of Morrisville College Foundation Inc.
Official website here: www.morrisville.edu/alumni/morrisville-college-fo
What is the revenue of Morrisville College Foundation Inc?
Morrisville College Foundation Inc's revenue in 2022 was $5,429,338.
Official website here: www.morrisville.edu/alumni/morrisville-college-fo
Who are the executives of Morrisville College Foundation Inc and what are their salaries?
There 49 volunteers at Morrisville College Foundation Inc.
Here are 28 key members and their salaries:
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- Related: $108,531
- Other: $24,794
Official website here: www.morrisville.edu/alumni/morrisville-college-fo
Where can I find the form 990 for Morrisville College Foundation Inc?
Morrisville College Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.morrisville.edu/alumni/morrisville-college-fo
Learn more at the official website: www.morrisville.edu/alumni/morrisville-college-fo
Mission Statement of Morrisville College Foundation Inc
The Morrisville College Foundation, Inc., a not-for-profit organization, was established with the mission to support the educational activities of the State University of New York College of Agriculture and Technology at Morrisville. This mission encompasses various initiatives, primarily focusing on funding scholarships, offering college assistance, managing endowment funds, and providing on-campus student housing. By undertaking these tasks, the foundation aims to contribute significantly to the educational journey of students, thereby supporting the college's overall objectives.
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Impact
July, 2024
Morrisville College Foundation Inc's impact is significant in supporting the educational activities of the State University of New York College of Agriculture and Technology at Morrisville. The Foundation plays a crucial role in funding scholarships, providing college assistance, administering endowment funds, and offering on-campus student housing. One notable achievement is the increase in scholarship support, resulting in a nearly 10% rise in the average student award. This improvement has allowed more students to remain enrolled, especially during times when financial constraints pose challenges. Through its efforts, Morrisville College Foundation Inc is making a tangible difference in supporting students' educational pursuits and ensuring their continued success.
This information is meant to be a general summary of Morrisville College Foundation 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: $355,971
- Program Service Revenue: $3,957,966
- Gross Receipts: $6,971,595
Assets and Liabilities:
- Total Assets: $23,531,856
- Total Liabilities: $23,556,490
- Net Assets: -$24,634
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME - DORMITORIES
Revenue
$3,660,992
FEES AND ACTIVITIES
Revenue
$182,838
EQUINE REVENUE
Revenue
$114,136
Organization Details
Founding Year
1976
Phone
(315) 684-6047Principal Officer
Theresa Kevorkian
Main Address
80 EATON STREET PO BOX 901, MORRISVILLE, NY, 134088009
NTEE Category
Code: B42I - Education
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