Overview
What is Middle Tennessee State University Foundation?
Middle Tennessee State University Foundation is a charitable organization dedicated to raising funds for the educational support of Middle Tennessee State University. Based in Murfreesboro, Tennessee, the foundation reported raising $32.2 million in donations during the 2022-23 fiscal year. Significant portions of these contributions were disbursed as program expenses, with a substantial allocation allocated towards scholarships and awards, totaling $3.1 million. The foundation's activities primarily involve fundraising to contribute to the University's mission and development.
Official website here: www.mtsu.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 74%)
The Middle Tennessee State University Foundation has received a rating indicating that it needs improvement, with a score of 74%. The foundation demonstrates strong governance practices, as evidenced by a 10 out of 10 rating for having a majority of independent board members, an appropriately sized board, and a series of robust policies in place, including those for conflict of interest and whistleblowing.
However, there are significant concerns regarding the foundation's financial management. The Program Expense Ratio received a notably low score of 3 out of 25, suggesting that a minimal portion of expenses is being allocated toward programs. Additionally, the fundraising efficiency ratio is alarmingly low at 0.02 out of 25, indicating that the organization may be struggling to effectively raise funds relative to its expenses. These financial metrics point to areas that require urgent attention to enhance the foundation's overall effectiveness and sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Middle Tennessee State University Foundation legitimate?
Middle Tennessee State University Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Middle Tennessee State 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:
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Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.mtsu.edu
What is the mission statement of Middle Tennessee State University Foundation?
The Middle Tennessee State University Foundation operates with a mission to raise funds for educational and related support of Middle Tennessee State University. Through their fundraising efforts, they provide vital resources to the university and contribute significantly to its growth. In the fiscal year ending June 30, 2023, the foundation succeeded in raising an impressive $32.2 million in contributions. A substantial portion of these funds, totaling $3.1 million, was allocated towards scholarships and awards. The foundation further disbursed $10.3 million in program expenses, with a focus on enhancing the educational experience for students at Middle Tennessee State University.
Official website here: www.mtsu.edu
Who is the CEO of Middle Tennessee State University Foundation?
Ronald Roberts is the President of Middle Tennessee State University Foundation.
Official website here: www.mtsu.edu
What is the revenue of Middle Tennessee State University Foundation?
Middle Tennessee State University Foundation's revenue in 2023 was $39,164,169.
Official website here: www.mtsu.edu
Who are the executives of Middle Tennessee State University Foundation and what are their salaries?
There 25 volunteers at Middle Tennessee State University Foundation.
Here are 24 key members and their salaries:
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- Related: $108,656
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Official website here: www.mtsu.edu
Where can I find the form 990 for Middle Tennessee State University Foundation?
Middle Tennessee State University Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.mtsu.edu
Learn more at the official website: www.mtsu.edu
Mission Statement of Middle Tennessee State University Foundation
The Middle Tennessee State University Foundation plays a vital role in raising funds to support the educational endeavors of Middle Tennessee State University. This nonprofit organization's mission is to generate resources that contribute to the university's academic and related initiatives.
In the fiscal year ending on June 30, 2023, the Foundation achieved significant milestones in fundraising, securing contributions worth $32,200,692. A substantial portion of these funds, totaling $3,090,632, was allocated towards scholarships and awards to help deserving students. Furthermore, the Foundation disbursed program expenses amounting to $10,266,102, with a notable portion dedicated to scholarships and awards.
The mission of the Middle Tennessee State University Foundation is twofold. Firstly, it focuses on raising funds to enhance the overall educational experience at Middle Tennessee State University. Secondly, it seeks to provide financial assistance to students through scholarships and awards. By doing so, the Foundation plays a crucial role in making higher education accessible to a wider range of students, thereby enhancing the university's diversity and academic excellence.
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Impact
October, 2024
Middle Tennessee State University Foundation plays a pivotal role in enhancing educational opportunities and support at Middle Tennessee State University. In the fiscal year ending June 30, 2023, the Foundation raised an impressive $32,200,692 in contributions. This financial support directly impacts students and programs, as the Foundation disbursed $10,266,102 in program expenses. Notably, $3,090,632 was allocated specifically for scholarships and awards, underscoring the Foundation's commitment to making higher education accessible and attainable for students.
By facilitating fundraising efforts, the Foundation strengthens the university's mission, providing essential resources for academic excellence and student support. Through its initiatives, it fosters a thriving educational environment in Murfreesboro, TN, contributing to the overall growth and development of the university and its community.
This information is meant to be a general summary of Middle Tennessee State 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $1,052,906
- Gross Receipts: $39,164,169
Assets and Liabilities:
- Total Assets: $142,050,773
- Total Liabilities: $1,379,551
- Net Assets: $140,671,222
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Organization Details
Founding Year
1961
Phone
(615) 494-7675Principal Officer
Ronald Roberts
Main Address
WOOD STEGALL MTSU BOX 109, MURFREESBORO, TN, 371320001
Website
www.mtsu.eduNTEE Category
Code: B110 - Education
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