Overview
What is Murray State University Foundation Inc?
Murray State University Foundation Inc is a nonprofit organization situated in Murray, Kentucky, specifically at 100 NASH HOUSE. Its primary mission is to bolster Murray State University by facilitating fundraising, collecting donations, aiding donors with estate and planned giving, and establishing endowments. The funds collected are primarily utilized for scholarships, endowed professorships, faculty support, and other expenditures benefiting students and faculty at the university. The foundation manages scholarship disbursements and investment management, contributing to the overall enhancement and betterment of Murray State University.
Official website here: www.murraystate.edu/foundation
What are the reviews and ratings of this charity?
**Charity Navigator Rating: 97% (Four-Star out of Four Star Rating)**
The Murray State University Foundation Inc has earned an impressive 97% rating on Charity Navigator, reflecting strong accountability and financial health. Its perfect score in Accountability & Finance indicates a commitment to transparency and efficient management of resources. Notable strengths include a fully independent board and excellent financial ratios, which showcase solid operational practices.
The Foundation reportedly has a high program expense ratio of 89.38%, meaning that a significant portion of its spending directly supports its mission. Additionally, its low fundraising efficiency ratio demonstrates effective cost management, allowing more funds to be directed towards impactful initiatives rather than administrative expenses. Overall, the organization maintains a stable financial footing with sound financial oversight practices.
Unfortunately, detailed user reviews from GreatNonprofits were not available, which limits insights into individual experiences with the organization. However, the strong rating from Charity Navigator suggests a reliable and well-managed nonprofit dedicated to supporting Murray State University.
This AI summary has been generated from information found on Charity Navigator.
Is Murray State University Foundation Inc legitimate?
Murray State University Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Murray State University 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: $0
For more financial information, click here
Official website here: www.murraystate.edu/foundation
What is the mission statement of Murray State University Foundation Inc?
The Murray State University Foundation Inc's mission is centered around enhancing Murray State University. They accomplish this by assisting in fundraising, collecting contributions for various purposes such as student scholarships, faculty support, and special projects. Furthermore, the foundation manages scholarship disbursements and investment management. In addition, they aid donors with estate and planned giving, establish endowments, and disburse funds for scholarships, endowed professorships, faculty support, and other expenditures on behalf of students and faculty. In essence, the foundation's role is to improve and enhance Murray State University through financial support.
Official website here: www.murraystate.edu/foundation
Who is the CEO of Murray State University Foundation Inc?
Dr David Durr is the Chair of Murray State University Foundation Inc.
Official website here: www.murraystate.edu/foundation
What is the revenue of Murray State University Foundation Inc?
Murray State University Foundation Inc's revenue in 2023 was $10,185,709.
Official website here: www.murraystate.edu/foundation
Who are the executives of Murray State University Foundation Inc and what are their salaries?
There 30 volunteers at Murray State University Foundation Inc.
Here are 27 key members and their salaries:
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- Other: $175
Official website here: www.murraystate.edu/foundation
Where can I find the form 990 for Murray State University Foundation Inc?
Murray State University Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.murraystate.edu/foundation
Learn more at the official website: www.murraystate.edu/foundation
Mission Statement of Murray State University Foundation Inc
Murray State University Foundation Inc, as a nonprofit organization, is dedicated to enhancing the overall quality and growth of Murray State University. This is achieved through various means, primarily by raising funds and gathering contributions for student scholarships, faculty support, and special projects. The foundation also plays a crucial role in managing scholarship disbursements and investments, ensuring that the funds are used effectively and efficiently.
Beyond fundraising and investment management, the Murray State University Foundation Inc also assists donors with estate and planned giving, helping them establish endowments. These endowments can then be utilized for various purposes, such as providing scholarships, supporting faculty, and funding special projects. This comprehensive approach allows the foundation to provide significant assistance to both students and faculty at Murray State University, ultimately contributing to the overall improvement and enhancement of the university.
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Impact
July, 2024
Murray State University Foundation Inc's impact lies in its dedication to enhancing Murray State University by facilitating fundraising, collecting contributions for student scholarships, faculty support, and special projects. The foundation plays a crucial role in managing scholarship disbursements and investment management, ultimately contributing to the improvement and progress of the university. Through its efforts in fundraising, contributions collection, and support for students and faculty, the foundation helps to ensure that Murray State University continues to thrive and provide valuable educational opportunities.
This information is meant to be a general summary of Murray State University 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 2023.
- Investment Income: $5,414,640
- Program Service Revenue: $599,451
- Gross Receipts: $10,223,480
Assets and Liabilities:
- Total Assets: $170,455,346
- Total Liabilities: $38,048,069
- Net Assets: $132,407,277
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GOLF COURSE REVENUES
Revenue
$544,080
FEES
Revenue
$55,371
Organization Details
Founding Year
1946
Phone
(270) 809-3017Principal Officer
Dr David Durr
Main Address
100 NASH HOUSE, MURRAY, KY, 42071
NTEE Category
Code: B110 - Education
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