Overview
What is Mississippi State University Educational Building Corporation?
Mississippi State University Educational Building Corporation is a nonprofit organization headquartered in Starkville, Mississippi, dedicated to supporting the State University in various aspects of bond administration. Their primary mission is to acquire educational facilities for Mississippi State University through various means, including purchasing, leasing, or issuing bonds. The corporation also covers construction costs and interest payments to bondholders. Their role extends to equipping, maintaining, enlarging, or improving the acquired facilities. Additionally, they work towards achieving tax-exempt status for the interest earned on such bonds.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 37%, Zero-Star out of Four Star rating.
The Mississippi State University Educational Building Corporation has received a low rating, indicating significant concerns regarding its accountability and financial practices. With a score of only 37%, the organization falls short in key areas such as having an independent board and providing accessible financial statements. The lack of transparency is marked by missing documents, including a conflict of interest policy and a whistleblower policy.
Despite the low overall rating, the organization does report a program expense ratio of 100%, suggesting that all its expenditures are directed towards its intended mission-related activities. However, this is overshadowed by the alarming liabilities to assets ratio of 99.99%, which raises red flags about the organization's financial stability. High salaries for key individuals also contribute to concerns about fiscal management and resource allocation.
Overall, the Mississippi State University Educational Building Corporation faces serious challenges in governance and transparency that could undermine its effectiveness and trustworthiness as a nonprofit entity. Potential donors and stakeholders may want to approach with caution, considering the significant percentage of non-compliance with standard nonprofit practices.
This AI summary has been generated from information found on Charity Navigator.
Is Mississippi State University Educational Building Corporation legitimate?
Mississippi State University Educational Building Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mississippi State University Educational Building Corporation 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
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What is the mission statement of Mississippi State University Educational Building Corporation?
The Mississippi State University Educational Building Corporation is dedicated to acquiring land and facilities for Mississippi State University. This is accomplished through various means, including purchasing, leasing, issuing bonds, construction, and gifts. The corporation's mission also involves equipping, maintaining, enlarging, and improving these educational facilities. Additionally, the corporation takes necessary actions to ensure the interest earned on bonds is exempt from income taxation. In essence, the Mississippi State University Educational Building Corporation plays a crucial role in providing and enhancing the educational infrastructure for Mississippi State University.
Who is the CEO of Mississippi State University Educational Building Corporation?
Kevin Edelblute is the President & Director of Mississippi State University Educational Building Corporation.
What is the revenue of Mississippi State University Educational Building Corporation?
Mississippi State University Educational Building Corporation's revenue in 2022 was $14,924,916.
Who are the executives of Mississippi State University Educational Building Corporation and what are their salaries?
Here are 11 key members and their salaries:
- Compensation: $0
- Related: $411,593
- Other: $0
- Compensation: $0
- Related: $282,012
- Other: $0
- Compensation: $0
- Related: $243,030
- Other: $0
- Compensation: $0
- Related: $299,421
- Other: $0
- Compensation: $0
- Related: $171,535
- Other: $0
- Compensation: $0
- Related: $814,490
- Other: $0
- Compensation: $0
- Related: $303,167
- Other: $0
- Compensation: $0
- Related: $308,938
- Other: $0
- Compensation: $0
- Related: $303,202
- Other: $0
- Compensation: $0
- Related: $316,655
- Other: $0
- Compensation: $0
- Related: $224,847
- Other: $0
Where can I find the form 990 for Mississippi State University Educational Building Corporation?
Mississippi State University Educational Building Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mississippi State University Educational Building Corporation
Mississippi State University Educational Building Corporation, also known as MSU EBC, is a mission-driven organization with a focus on acquiring land and facilities for Mississippi State University. Through various means, including purchase, lease, bond issuance, construction, and gifts, MSU EBC expands and improves the educational facilities at Mississippi State University. This nonprofit corporation takes the necessary actions to ensure that the interest earned on the bonds is exempt from income taxation.
MSU EBC's primary goal is to support Mississippi State University by providing it with the necessary educational facilities. The corporation's efforts enable the university to offer a superior learning environment, which is essential for the growth and success of its students. By acquiring and maintaining these facilities, MSU EBC plays a crucial role in ensuring that Mississippi State University remains competitive in the world of higher education.
Furthermore, MSU EBC is dedicated to enlarging and improving the existing educational facilities at Mississippi State University. The corporation understands the importance of up-to-date infrastructure and invests in making these improvements to meet the current and future needs of the university. By taking actions necessary to cause the interest earned on bonds to be exempt from income taxation, MSU EBC reduces the financial burden on the university and allows it to allocate more resources towards academic programs and student services.
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Impact
October, 2024
The Mississippi State University Educational Building Corporation plays a crucial role in supporting the development and administration of educational facilities at Mississippi State University in Starkville. By overseeing bond administration, the Corporation facilitates the funding necessary for acquiring and constructing educational buildings, which are vital for enhancing the university's infrastructure and resources.
Through its initiatives, the Corporation not only addresses the construction costs associated with new facilities but also manages interest payments to bondholders, ensuring financial stability and sustainability for the university's growth. This includes efforts to maintain, enlarge, or improve existing educational facilities, thereby directly contributing to the academic environment and overall student experience.
By acting as a pivotal financial entity, the Corporation helps secure land and facilities necessary for the university's expansion and advancement, ultimately supporting the mission of Mississippi State University to provide quality education and promote research in various fields. Its impact is far-reaching, influencing not just the university, but also the broader community by fostering educational opportunities and contributing to regional development.
This information is meant to be a general summary of Mississippi State University Educational Building Corporation. 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: $2,763
- Gross Receipts: $14,924,916
Assets and Liabilities:
- Total Assets: $332,635,005
- Total Liabilities: $332,632,125
- Net Assets: $2,880
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Organization Details
Founding Year
1985
Phone
(662) 325-7353Principal Officer
Kevin Edelblute
Main Address
PO DRAWER 5227 MCARTHUR HALL 5, MISSISIPPI STATE, MS, 39762
NTEE Category
Code: E110 - Health
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