Overview
What is Mcneese State University Foundation?
McNeese State University Foundation is a nonprofit organization based in Lake Charles, Louisiana. They focus on gathering and managing private financial contributions for McNeese State University. The funds raised are allocated to specified projects as designated by donors. The primary mission of the foundation is to provide scholarships and professorships for the university.
Official website here: www.mcneesefoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Stars)
The McNeese State University Foundation has received an overall score of 80%, which reflects a solid level of accountability and financial management. The organization excels with a perfect score in areas such as independent board governance, asset management, and program expense ratio. This indicates a strong commitment to transparency and operational efficiency, which are critical for nonprofit organizations.
However, the foundation's fundraising efficiency leaves room for improvement, as it received significantly lower points in this category. While the organization maintains a healthy working capital and has effectively managed liabilities, the cost-effectiveness of its fundraising efforts suggests that there may be opportunities to enhance its revenue generation strategies.
In summary, the McNeese State University Foundation demonstrates a commendable financial structure and governance framework. The organization’s strengths in accountability and program funding are notable, yet the lower efficiency in fundraising could benefit from strategic adjustments to further bolster its financial sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Mcneese State University Foundation legitimate?
Mcneese State University Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mcneese 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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Professional Fundraising Fees: $0
Other Salaries and Wages: $186,561
For more financial information, click here
Official website here: www.mcneesefoundation.org
What is the mission statement of Mcneese State University Foundation?
The McNeese State University Foundation serves a vital role in raising and managing private financial resources for McNeese State University. Its mission is focused on providing scholarships and professorships through the collection and administration of donor contributions. The foundation facilitates grants for projects as designated by the donors, contributing significantly to the betterment of the university. In essence, the McNeese State University Foundation plays a crucial part in enhancing the educational experience for students and supporting the academic staff at McNeese State University.
Official website here: www.mcneesefoundation.org
Who is the CEO of Mcneese State University Foundation?
Dale W Ferdinandsen Ii is the President of Mcneese State University Foundation.
Official website here: www.mcneesefoundation.org
What is the revenue of Mcneese State University Foundation?
Mcneese State University Foundation's revenue in 2022 was $15,814,029.
Official website here: www.mcneesefoundation.org
Who are the executives of Mcneese State University Foundation and what are their salaries?
Here are 21 key members and their salaries:
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Official website here: www.mcneesefoundation.org
Where can I find the form 990 for Mcneese State University Foundation?
Mcneese State University Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mcneesefoundation.org
Learn more at the official website: www.mcneesefoundation.org
Mission Statement of Mcneese State University Foundation
The McNeese State University Foundation plays a vital role in raising and managing private financial contributions to bolster McNeese State University. With a clear mission, the foundation collects and administers funds to support the institution in providing scholarships and professorships.
In essence, the foundation serves as a bridge between generous donors and McNeese State University, facilitating the transfer of resources to benefit specific projects as designated by the donors. By doing so, it helps broaden the educational opportunities for students and enhances the quality of academic programs offered at the university.
The primary focus of the McNeese State University Foundation is twofold: scholarships and professorships. Scholarships are awarded to talented and deserving students, making their educational journey more accessible and affordable. These scholarships can be life-changing, enabling students to pursue their dreams and reach their full potential without the burden of excessive financial burden.
Professorships, on the other hand, are essential for attracting and retaining top faculty members. The university benefits significantly from having highly qualified and dedicated professors who can inspire and guide the next generation of students. With the support of the McNeese State University Foundation, the institution can remain competitive and continue to deliver a high-quality education.
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Impact
October, 2024
McNeese State University Foundation plays a crucial role in enhancing educational opportunities at McNeese State University by collecting and managing private financial support. Its mission focuses on providing scholarships and professorships, which help attract and retain talented students and faculty members. By administering grants specifically directed by donors, the Foundation ensures that resources are effectively allocated to projects that align with the university's goals and the interests of its benefactors. This commitment not only enriches the academic environment but also fosters community engagement and support for higher education in Lake Charles, Louisiana. The Foundation's impact is felt through improved academic programs, increased access to education for students, and the establishment of a culture of philanthropic support that benefits the university for years to come.
This information is meant to be a general summary of Mcneese 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 2022.
- Investment Income: $5,395,967
- Gross Receipts: $60,045,401
Assets and Liabilities:
- Total Assets: $101,832,401
- Total Liabilities: $7,951,954
- Net Assets: $93,880,447
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Organization Details
Founding Year
1965
Phone
(337) 475-5386Principal Officer
Dale W Ferdinandsen Ii
Main Address
PO Box 91989, Lake Charles, LA, 70609
Website
www.mcneesefoundation.orgNTEE Category
Code: B110 - Education
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