Overview
What is University Of Massachusetts Amherst Foundation Inc?
The University of Massachusetts Amherst Foundation Inc, located at 134 Hicks Way, Amherst, MA 01003, is a nonprofit organization primarily focused on supporting the University of Massachusetts Amherst. Its mission is to raise funds for the university, enhancing its research, teaching, and outreach capabilities. The foundation's volunteer board of directors plays a crucial role in guiding philanthropic investments, identifying opportunities for private support, and fostering communication with various constituencies. With a team of 26 employees, the University of Massachusetts Amherst Foundation Inc plays an instrumental role in strengthening and advancing the university's impact.
Official website here: www.umass.edu/giving/contact/foundation
What are the reviews and ratings of this charity?
Charity Navigator rating: 77%, Three-Star out of Four Star rating.
The University Of Massachusetts Amherst Foundation Inc has received a Three-Star rating from Charity Navigator, indicating a moderate level of transparency and accountability. The overall score is based entirely on its operational and financial performance, particularly in the Accountability & Finance category where it scored 77%. This score reflects the organization's commitment to ethical management and financial integrity.
The foundation showcases strong governance with a 90% independent board, which is crucial for unbiased decision-making. It also excels in various key areas such as having a comprehensive audit and oversight committee, effective conflict of interest policies, and documented board meeting minutes. Additionally, their program expense ratio is impressive at 90.12%, suggesting that a significant portion of their expenditures is directed towards their programs rather than administrative costs.
However, while the foundation demonstrates robust accountability practices, the overall score indicates there may still be areas for improvement. Prospective donors and stakeholders may want to consider these factors along with the foundation's mission and impact when evaluating its effectiveness and overall contributions to the University of Massachusetts Amherst community.
This AI summary has been generated from information found on Charity Navigator.
Is University Of Massachusetts Amherst Foundation Inc legitimate?
University Of Massachusetts Amherst Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. University Of Massachusetts Amherst 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,504,907
For more financial information, click here
Official website here: www.umass.edu/giving/contact/foundation
What is the mission statement of University Of Massachusetts Amherst Foundation Inc?
The University of Massachusetts Amherst Foundation Inc's mission is to support the University of Massachusetts Amherst by raising funds for its faculty, staff, and students. Its volunteer board of directors leads private fundraising efforts, identifying opportunities for philanthropic investment in the university's research, teaching, and outreach. The foundation works closely with campus leadership to enhance the university's effectiveness in communicating its strengths and opportunities to various constituencies.
In simpler terms, the foundation's role is to mobilize financial support for the University of Massachusetts Amherst, utilizing its volunteer board to guide fundraising strategies. This aid is directed towards enhancing the university's research, education, and outreach efforts, while maintaining strong connections with its diverse stakeholders.
Official website here: www.umass.edu/giving/contact/foundation
Who is the CEO of University Of Massachusetts Amherst Foundation Inc?
Andrew Mangels is the Director of University Of Massachusetts Amherst Foundation Inc.
Official website here: www.umass.edu/giving/contact/foundation
What is the revenue of University Of Massachusetts Amherst Foundation Inc?
University Of Massachusetts Amherst Foundation Inc's revenue in 2022 was $4,647,084.
Official website here: www.umass.edu/giving/contact/foundation
Who are the executives of University Of Massachusetts Amherst Foundation Inc and what are their salaries?
The average compensation at University Of Massachusetts Amherst Foundation Inc during 2022 was $134,804. There are 26 employees and 42 volunteers at University Of Massachusetts Amherst Foundation Inc.
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Official website here: www.umass.edu/giving/contact/foundation
Where can I find the form 990 for University Of Massachusetts Amherst Foundation Inc?
University Of Massachusetts Amherst Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.umass.edu/giving/contact/foundation
Learn more at the official website: www.umass.edu/giving/contact/foundation
Mission Statement of University Of Massachusetts Amherst Foundation Inc
The University of Massachusetts Amherst Foundation Inc, in its mission, works exclusively for the benefit of the University of Massachusetts Amherst. Its primary role is to raise funds for the Amherst campus, supporting faculty, staff, and students through private fundraising. The Foundation's volunteer Board of Directors plays a crucial leadership role in identifying opportunities for private investment and enhancing the University's ability to communicate its strengths and prospects to various constituencies. Working closely with campus leaders, the University of Massachusetts Amherst Foundation Inc aims to increase the effectiveness of private support for research, teaching, and outreach at the university.
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Impact
July, 2024
The University of Massachusetts Amherst Foundation Inc has a significant impact on the UMass Amherst community by raising funds exclusively for the university. Its ongoing fundraising efforts support the research, teaching, and outreach activities of the campus, benefiting faculty, staff, and students. The foundation's volunteer board of directors provides leadership in developing philanthropic investments to enhance UMass Amherst's effectiveness in communicating its strengths and opportunities to various constituencies. This organization plays a crucial role in securing private support to advance the mission and goals of UMass Amherst in the field of education.
This information is meant to be a general summary of University Of Massachusetts Amherst 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.
- Program Service Revenue: $4,647,084
- Gross Receipts: $4,647,084
Assets and Liabilities:
- Total Assets: $444,765
- Total Liabilities: $444,765
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACT-UMASS AMHERST
Revenue
$4,647,084
Organization Details
Founding Year
2002
Phone
(413) 577-0259Principal Officer
Andrew Mangels
Main Address
134 HICKS WAY, AMHERST, MA, 01003
NTEE Category
Code: B12 - Education
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