Overview
What is Mississippi State University Foundation Inc?
The Mississippi State University Foundation Inc, a nonprofit organization, plays a crucial role in supporting Mississippi State University by raising and managing private funds. These contributions primarily benefit the university through scholarships, research, teaching, and various departmental requests. By doing so, the foundation ensures the effective use of these resources to help the university achieve its objectives.
Official website here: www.msufoundation.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Mississippi State University Foundation Inc has received a strong Four-Star rating from Charity Navigator, reflecting its excellent accountability and financial health. The organization's impressive score of 96% indicates a high level of transparency and effective governance, with 100% of its board members being independent. This independence, along with comprehensive financial oversight, underscores the foundation's commitment to ethical practices and sound management.
The foundation excels in its financial metrics, boasting a low liabilities to assets ratio of only 2.97% and a program expense ratio of 81.59%. This demonstrates that a significant majority of its expenditures are directed toward programs rather than administrative costs. Additionally, its fundraising efficiency is commendable, with only $0.05 spent to raise each dollar, indicating effective fundraising strategies.
While the foundation's financial practices are robust and its governance is transparent, the data does not present any significant limitations or concerns. Overall, the Mississippi State University Foundation Inc appears to be a well-managed organization committed to fulfilling its mission effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Mississippi State University Foundation Inc legitimate?
Mississippi State University Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mississippi 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: $932,929
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,054,274
For more financial information, click here
Official website here: www.msufoundation.com
What is the mission statement of Mississippi State University Foundation Inc?
The Mississippi State University Foundation, Inc. functions as a key partner in supporting Mississippi State University. Its mission is to secure and manage private donations for the institution, contributing to various areas including scholarships, research, teaching, and departmental requests. By doing so, it facilitates the university in achieving its objectives. The organization is dedicated to ensuring proper stewardship for all contributions, thereby ensuring that they bring maximum benefit to the university.
Official website here: www.msufoundation.com
Who is the CEO of Mississippi State University Foundation Inc?
Janet Carraway is the Chair Of The Board of Mississippi State University Foundation Inc. The CEO's salary of Mississippi State University Foundation Inc is $534,375 and their total compensation is $586,704.
Official website here: www.msufoundation.com
What is the revenue of Mississippi State University Foundation Inc?
Mississippi State University Foundation Inc's revenue in 2022 was $79,749,690.
Official website here: www.msufoundation.com
Who are the executives of Mississippi State University Foundation Inc and what are their salaries?
The average compensation at Mississippi State University Foundation Inc during 2022 was $57,324. There are 87 employees and 44 volunteers at Mississippi State University Foundation Inc.
Here are 61 key members and their salaries (Mississippi State University Foundation Inc's CEO's salary is $534,375 and their total compensation is $586,704):
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Official website here: www.msufoundation.com
Where can I find the form 990 for Mississippi State University Foundation Inc?
Mississippi State University Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.msufoundation.com
Learn more at the official website: www.msufoundation.com
Mission Statement of Mississippi State University Foundation Inc
The Mississippi State University Foundation, Inc. plays a vital role in supporting Mississippi State University by securing and managing private contributions. With a mission to assist the university in achieving its goals, the Foundation cultivates and solicits donations to fund various initiatives, including scholarships, research, teaching needs, and departmental requests. By ensuring the proper stewardship of all contributions, the Foundation ensures that the benefits reach the intended areas within the university. This partnership between the Foundation and Mississippi State University enables the institution to thrive and make a greater impact. The Foundation's commitment to managing financial contributions allows the university to focus on its academic and research pursuits, ultimately contributing to the overall growth and success of the educational institution.
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Impact
October, 2024
Mississippi State University Foundation Inc plays a critical role in supporting the university's mission and objectives by generating and managing private contributions. Through its efforts in cultivating and soliciting financial support, the foundation enhances the educational experience for students by funding scholarships that make higher education more accessible.
Additionally, it provides vital resources for research initiatives and teaching programs, facilitating advancements in various academic disciplines. The foundation's stewardship ensures that contributions are used effectively for departmental needs, fostering a culture of excellence within the university. By bridging the gap between financial resources and academic aspirations, the Mississippi State University Foundation Inc significantly impacts the institution's growth and ability to serve its community.
This information is meant to be a general summary of Mississippi 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 2022.
- Investment Income: $11,520,360
- Gross Receipts: $79,749,690
Assets and Liabilities:
- Total Assets: $706,859,370
- Total Liabilities: $24,077,268
- Net Assets: $682,782,102
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Organization Details
Founding Year
1962
Phone
(662) 325-7000Principal Officer
Janet Carraway
Main Address
PO DRAWER 6149, MISSISSIPPI STATE, MS, 39762
Website
www.msufoundation.comNTEE Category
Code: P11 - Human services
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