Overview
What is Georgia State University Risk Management Foundation Inc?
Georgia State University Risk Management Foundation Inc is a nonprofit organization situated in Atlanta, Georgia. Their primary mission is to support the Risk Management & Insurance Department at Georgia State University by raising funds, aiding in faculty recruitment and retention, and offering financial awards to deserving students. The foundation provides merit-based scholarships for outstanding undergraduate and graduate students, funded by employers, alumni, and professional organizations. The scholarships range from $500 to full tuition, with financial need not being a primary consideration. By doing so, the foundation encourages future students to enroll in the RMI Department's programs and rewards exceptional current students for their academic achievements. The foundation has a small team of three employees committed to this mission.
Official website here: www.rmi.gsu.edu/rmf
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Georgia State University Risk Management Foundation Inc has earned a Three-Star rating from Charity Navigator, reflecting its solid performance in accountability and financial health. The foundation's score of 81% is driven by its high marks across various metrics, including a perfect score for having an independent board and no material diversion of assets. This indicates a strong commitment to governance and ethical oversight.
Strengths of the organization include a very favorable program expense ratio of 89.09%, suggesting that the majority of its funds are directed towards programmatic activities rather than administrative costs. Additionally, the foundation has all key policies listed on its tax form, such as conflict of interest and whistleblower policies, further showcasing its commitment to transparency and ethical management.
However, while the foundation demonstrates strong accountability and financial practices, there may be areas for improvement in overall impact and community engagement, which are not detailed in the available data. Overall, the foundation appears to be a reliable organization that prioritizes responsible management and program effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Georgia State University Risk Management Foundation Inc legitimate?
Georgia State University Risk Management Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Georgia State University Risk Management 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.rmi.gsu.edu/rmf
What is the mission statement of Georgia State University Risk Management Foundation Inc?
The Georgia State University Risk Management Foundation Inc serves as a platform to raise funds for supporting the Risk Management & Insurance Department's programs at Georgia State University. Its primary objectives include aiding in the recruitment and retention of top faculty, offering financial awards to deserving students, and promoting and backing faculty research within this field. The foundation provides merit-based scholarships annually to outstanding undergraduate and graduate students enrolled in the Risk Management and Insurance Department's programs, with awards ranging from $500 to full tuition. The scholarships are funded by employers, alumni, and professional organizations, encouraging future students to join the programs and recognizing the achievements of current students within the university community.
Official website here: www.rmi.gsu.edu/rmf
Who is the CEO of Georgia State University Risk Management Foundation Inc?
John P Thielman is the Executive Director of Georgia State University Risk Management Foundation Inc.
Official website here: www.rmi.gsu.edu/rmf
What is the revenue of Georgia State University Risk Management Foundation Inc?
Georgia State University Risk Management Foundation Inc's revenue in 2022 was $1,322,440.
Official website here: www.rmi.gsu.edu/rmf
Who are the executives of Georgia State University Risk Management Foundation Inc and what are their salaries?
There are 3 employees and 30 volunteers at Georgia State University Risk Management Foundation Inc.
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Official website here: www.rmi.gsu.edu/rmf
Where can I find the form 990 for Georgia State University Risk Management Foundation Inc?
Georgia State University Risk Management Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rmi.gsu.edu/rmf
Learn more at the official website: www.rmi.gsu.edu/rmf
Mission Statement of Georgia State University Risk Management Foundation Inc
Georgia State University Risk Management Foundation Inc serves as a platform to raise funds for supporting the Risk Management & Insurance Department programs at Georgia State University. The foundation's mission is multifaceted, aiming to assist in the recruitment and retention of top faculty, offer financial awards to deserving students, and promote and foster faculty research. By doing so, the organization seeks to strengthen the university's Business Services community.
In detail, the foundation provides merit-based scholarships annually to outstanding undergraduate and graduate students enrolled in the Risk Management and Insurance Department programs. These scholarships, sponsored by employers, alumni, and professional organizations, encourage future students to join these programs and reward current students for their academic achievements. The scholarships range from modest $500 awards to full tuition coverage, but financial need is not the primary consideration.
In summary, Georgia State University Risk Management Foundation Inc acts as a vehicle for funding the Risk Management & Insurance Department's programs and initiatives. By offering scholarships, it encourages academic excellence and supports the recruitment and retention of top faculty. In this way, the foundation helps to advance the university's Business Services community and its Risk Management & Insurance Department.
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Impact
July, 2024
Georgia State University Risk Management Foundation Inc's impact is significant in providing financial support to the Risk Management & Insurance Department programs at Georgia State University. Through awards, grants, and scholarships, the foundation helps in recruiting and retaining top faculty members, providing financial awards to deserving students, and promoting faculty research. This support plays a crucial role in encouraging students to enroll in the RMI programs, rewarding exceptional students for their achievements, and ultimately enhancing the academic and research initiatives within the department.
This information is meant to be a general summary of Georgia State University Risk Management 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: $222,181
- Gross Receipts: $1,346,245
Assets and Liabilities:
- Total Assets: $6,888,521
- Total Liabilities: $21,356
- Net Assets: $6,867,165
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Organization Details
Founding Year
1959
Phone
(404) 413-7815Principal Officer
John P Thielman
Main Address
PO BOX 4036, ATLANTA, GA, 30302
Website
www.rmi.gsu.edu/rmfNTEE Category
Code: B110 - Education
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