Overview
What is University Of Memphis Foundation?
The University of Memphis Foundation is a nonprofit organization located at 635 Normal St Alumni Center 108 in Memphis, Tennessee, with the ZIP code 38152. Its primary mission involves providing financial assistance for various programs and projects that benefit the students, faculty, and staff of the University of Memphis. This includes scholarships, fellowships, and academic enrichment initiatives. The foundation manages and administers these funds to support the university's mission.
Official website here: www.memphis.edu/foundation/
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 97% (Four-Star out of Four Star rating)
The University of Memphis Foundation has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. With a score of 97%, the foundation demonstrates a commitment to transparency, effective governance, and responsible financial management, factors that are crucial for donor trust and engagement.
The organization boasts a fully independent board of directors, with all 16 members free from conflicts of interest, and it has implemented multiple policies that enhance its operational integrity. Key financial indicators, such as a remarkably low fundraising efficiency cost and high program expense ratio, highlight its effective allocation of resources towards its core mission.
Despite these strengths, the high level of accountability and financial health may not address other qualitative aspects of the foundation's impact or community engagement, which are not captured in these financial metrics alone. Nevertheless, the robust scores across various categories suggest a well-managed organization focused on supporting the University of Memphis effectively.
This AI summary has been generated from information found on Charity Navigator.
Is University Of Memphis Foundation legitimate?
University Of Memphis Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. University Of Memphis 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:
Executive Compensation: $347,322
Professional Fundraising Fees: $0
Other Salaries and Wages: $605,539
For more financial information, click here
Official website here: www.memphis.edu/foundation/
What is the mission statement of University Of Memphis Foundation?
The University of Memphis Foundation plays a crucial role in supporting the academic community of the University of Memphis. Its mission is centered around managing and distributing funds to enhance the educational experience for students and faculty. The foundation is dedicated to scholarships, fellowships, and academic enrichment, contributing to various programs and projects that bolster the students and mission of the university. By accepting and administering these resources, the University of Memphis Foundation helps foster an environment conducive to learning and growth within the institution.
Official website here: www.memphis.edu/foundation/
Who is the CEO of University Of Memphis Foundation?
Holly Ford is the President of University Of Memphis Foundation. The CEO's salary of University Of Memphis Foundation is $0 and their total compensation is $102,925.
Official website here: www.memphis.edu/foundation/
What is the revenue of University Of Memphis Foundation?
University Of Memphis Foundation's revenue in 2022 was $55,956,820.
Official website here: www.memphis.edu/foundation/
Who are the executives of University Of Memphis Foundation and what are their salaries?
There 17 volunteers at University Of Memphis Foundation.
Here are 20 key members and their salaries (University Of Memphis Foundation's CEO's salary is $0 and their total compensation is $102,925):
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- Related: $104,031
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- Related: $124,477
- Other: $21,828
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- Related: $87,500
- Other: $15,425
Official website here: www.memphis.edu/foundation/
Where can I find the form 990 for University Of Memphis Foundation?
University Of Memphis Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.memphis.edu/foundation/
Learn more at the official website: www.memphis.edu/foundation/
Mission Statement of University Of Memphis Foundation
University of Memphis Foundation serves as a vital supporter and facilitator for the University of Memphis. The organization is dedicated to administering funds that contribute to the betterment of students, faculty, and staff at the University.
The Foundation's primary objective is to provide resources for scholarships, fellowships, academic enrichment, and various other programs and projects. By accepting and managing these funds, the University of Memphis Foundation plays a crucial role in enhancing the educational experience and advancement of students. Moreover, it supports faculty and staff in their research and teaching endeavors.
The Foundation's work extends beyond financial support, as it also contributes to the overall mission of the University of Memphis. By providing essential funds, the Foundation enables the University to develop new initiatives and maintain existing programs that benefit the students and the academic community.
In summary, the University of Memphis Foundation acts as a dedicated partner to the University of Memphis. Through its acceptance and administration of funds, it plays a crucial role in supporting students, faculty, and staff, and contributes to the University's ongoing success.
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Impact
October, 2024
The University of Memphis Foundation significantly enhances the educational landscape by providing vital financial support to the University of Memphis. Through its activities, the Foundation administers funds that are allocated for scholarships and fellowships, directly benefiting students and helping to alleviate the financial burdens associated with higher education. Furthermore, it contributes to academic enrichment initiatives and supports a variety of programs and projects designed to enhance the overall educational experience for students, faculty, and staff. The Foundation's efforts play a crucial role in advancing the mission of the University of Memphis, fostering a thriving academic community in Memphis, TN.
This information is meant to be a general summary of University Of Memphis 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 2022.
- Investment Income: $3,193,268
- Gross Receipts: $85,612,955
Assets and Liabilities:
- Total Assets: $184,697,152
- Total Liabilities: $6,253,081
- Net Assets: $178,444,071
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Organization Details
Founding Year
1964
Phone
(901) 678-3256Principal Officer
Holly Ford
Main Address
635 NORMAL ST ALUMNI CENTER 108, MEMPHIS, TN, 38152
Website
www.memphis.edu/foundation/NTEE Category
Code: B110 - Education
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