Overview
What is University Of Louisiana At Monroe Foundation?
The University of Louisiana at Monroe Foundation is a nonprofit organization situated in Monroe, Louisiana. With a primary focus on supporting the University of Louisiana at Monroe, its faculty, and students, they solicit, receive, and administer private donations. Their mission is to further advance the university by acquiring immovable property for future acquisition. The foundation also provides scholarships to students attending the University of Louisiana at Monroe, offering financial aid to deserving individuals. With a small team of five dedicated employees, the University of Louisiana at Monroe Foundation plays an essential role in the university's growth and the success of its students.
Official website here: www.ulm.edu/foundation/about.html
What are the reviews and ratings of this charity?
Charity Navigator Rating: 89% (Three-Star out of Four Stars)
The University Of Louisiana At Monroe Foundation has received a solid Three-Star rating from Charity Navigator, reflecting strong accountability and financial health. With a high score of 89%, the foundation demonstrates effective governance, as evidenced by its fully independent board and comprehensive oversight measures. Notably, the organization has a strong financial audit process, with no material diversion of assets reported, which indicates a commitment to transparency and responsible management.
Strengths of the foundation include its excellent fiscal health, highlighted by a favorable liabilities to assets ratio of 43.43% and an impressive working capital ratio of 13.65 years. The program expense ratio is also commendable at 67.59%, suggesting that a significant portion of resources is directed toward fulfilling its mission. The organization maintains various essential policies, including conflict of interest and whistleblower policies, which support ethical operations.
However, the foundation's fundraising efficiency could improve, as it scored lower in this area with a ratio of $0.0625. This suggests that while the foundation is effective in its operations, there is room for enhancement in how it raises funds relative to its expenses. Overall, the University Of Louisiana At Monroe Foundation is a well-managed organization with a strong commitment to accountability, though it should consider strategies to boost its fundraising efficiency.
This AI summary has been generated from information found on Charity Navigator.
Is University Of Louisiana At Monroe Foundation legitimate?
University Of Louisiana At Monroe Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. University Of Louisiana At Monroe 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $349,596
For more financial information, click here
Official website here: www.ulm.edu/foundation/about.html
What is the mission statement of University Of Louisiana At Monroe Foundation?
The University of Louisiana at Monroe Foundation's primary purpose is to solicit, receive, and manage private donations for the benefit of the University of Louisiana at Monroe, its faculty, and students. Their mission is to support the university's advancement by acquiring immovable property for future acquisition. The foundation's activities include providing scholarships to students attending the University of Louisiana at Monroe, thereby contributing to their educational journey. By doing so, the foundation aims to enhance the university's growth and development.
Official website here: www.ulm.edu/foundation/about.html
Who is the CEO of University Of Louisiana At Monroe Foundation?
Susan Chappell is the President of University Of Louisiana At Monroe Foundation.
Official website here: www.ulm.edu/foundation/about.html
What is the revenue of University Of Louisiana At Monroe Foundation?
University Of Louisiana At Monroe Foundation's revenue in 2022 was -$1,107,387.
Official website here: www.ulm.edu/foundation/about.html
Who are the executives of University Of Louisiana At Monroe Foundation and what are their salaries?
The average compensation at University Of Louisiana At Monroe Foundation during 2022 was $69,919. There are 5 employees at University Of Louisiana At Monroe Foundation.
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Official website here: www.ulm.edu/foundation/about.html
Where can I find the form 990 for University Of Louisiana At Monroe Foundation?
University Of Louisiana At Monroe Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ulm.edu/foundation/about.html
Learn more at the official website: www.ulm.edu/foundation/about.html
Mission Statement of University Of Louisiana At Monroe Foundation
The University of Louisiana at Monroe Foundation's primary purpose is to facilitate the collection, management, and allocation of private contributions for the betterment of the University of Louisiana at Monroe, its faculty, and its students. This nonprofit organization plays a crucial role in supporting the university's advancement by securing immovable property with the aim of eventual acquisition by the University of Louisiana at Monroe.
In addition to its property acquisition endeavors, the University of Louisiana at Monroe Foundation is also dedicated to providing scholarships to the students enrolled at the University of Louisiana at Monroe. By offering financial aid, this nonprofit organization enables deserving students to pursue their academic goals and contributes to the university's overall educational mission. The scholarships presented by the University of Louisiana at Monroe Foundation undoubtedly contribute to the academic success and personal growth of countless students, thereby bolstering the university's standing as a beacon of learning and opportunity.
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Impact
October, 2024
The University of Louisiana at Monroe Foundation plays a crucial role in enhancing the educational experience and opportunities available to students and faculty at the university. By soliciting, receiving, and administering private gifts, the foundation directly supports various initiatives that benefit the university’s community.
A significant impact of the foundation is its scholarship program, which provides financial assistance to students. These scholarships help alleviate the financial burden of higher education, making it more accessible and enabling students to focus on their academic pursuits. By investing in the future of its students, the foundation contributes to their personal and professional growth.
Additionally, the foundation supports the advancement of the university through the acquisition of immovable property, promoting the long-term development and expansion of campus resources. This strategic support not only enhances the university's infrastructure but also creates a more enriching environment for learning and research.
Overall, the University of Louisiana at Monroe Foundation is integral to fostering a thriving academic community, ensuring that both students and faculty have the resources and opportunities they need to succeed.
This information is meant to be a general summary of University Of Louisiana At Monroe 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: -$5,337,093
- Program Service Revenue: $899,050
- Gross Receipts: $4,229,706
Assets and Liabilities:
- Total Assets: $81,619,747
- Total Liabilities: $36,534,821
- Net Assets: $45,084,926
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICE CHARGES EARNED
Revenue
$613,338
SPYKER FARM INCOME
Revenue
$209,364
OTHER INCOME
Revenue
$76,348
Organization Details
Founding Year
1961
Phone
(318) 342-3610Principal Officer
Susan Chappell
Main Address
700 UNIVERSITY AVENUE, MONROE, LA, 71209
NTEE Category
Code: B110 - Education
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