Texas United Methodist College Assoc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 742281919 ✦ Abilene, TX ✦ Designated as a 501(c)(3)

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Overview

What is Texas United Methodist College Assoc?

Texas United Methodist College Association is a nonprofit organization that serves to financially aid students pursuing higher education in Texas. By distributing funds to six educational institutions, such as McMurry University in Abilene and Southern Methodist University in Dallas, they offer scholarships and financial assistance to numerous students. Their purpose is to make higher education more accessible, thereby contributing to the academic growth and success of Texas's student population.


Official website here: www.tumca.net

What are the reviews and ratings of this charity?

Charity Navigator Rating: 90% (Four-Star out of Four Star Rating)

Texas United Methodist College Association has received a commendable Four-Star rating from Charity Navigator, indicating strong accountability and financial health. The organization's overall score is driven entirely by its accountability and finance metrics, reflecting a commitment to transparency and effective management. It has achieved exceptional scores in areas such as board independence and asset management, with a perfect score in the liabilities to assets ratio, showing no liabilities.

Strengths noted include the involvement of a fully independent board, a clear documentation policy, and a high program expense ratio of 85.68%, which suggests that a significant portion of its funds is directed towards its programs rather than administrative costs. The organization has implemented effective policies regarding whistleblower protections and document retention, contributing to its positive standing.

However, a notable limitation is the absence of a conflict of interest policy, which may raise concerns about governance practices. Despite this, the overall financial stability and strong performance in various accountability measures paint a positive picture of the organization's integrity and operational effectiveness.


This AI summary has been generated from information found on Charity Navigator.

Is Texas United Methodist College Assoc legitimate?

Texas United Methodist College Assoc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Texas United Methodist College Assoc 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: $22,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.tumca.net

What is the mission statement of Texas United Methodist College Assoc?

The Texas United Methodist College Association's mission is centered around providing financial aid and scholarships to students. They distribute funds to six educational institutions in Texas, specifically McMurry University in Abilene, Southern Methodist University in Dallas, and Southwestern University. Their primary objective is to support students in their pursuit of higher education by offering financial assistance.


Official website here: www.tumca.net

Who is the CEO of Texas United Methodist College Assoc?

Unavailable


Official website here: www.tumca.net

What is the revenue of Texas United Methodist College Assoc?

Texas United Methodist College Assoc's revenue in 2023 was $162,353.


Official website here: www.tumca.net

Who are the executives of Texas United Methodist College Assoc and what are their salaries?

There 6 volunteers at Texas United Methodist College Assoc.


Here are 9 key members and their salaries:


Fred Slabach (Board Member, Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Colette P Burnette (Board Member (Part Year))
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Herman J Felton Jr Jr (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Laura Skandera-Trombley (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Melva Wallace (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr R Gerald Turner (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Sandra Harper (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr James Lewis (President (Part Year))
  • Compensation: $26,000
  • Related: $0
  • Other: $0
Hutchison Mike (President)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.tumca.net

Where can I find the form 990 for Texas United Methodist College Assoc?

Texas United Methodist College Assoc's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.tumca.net

Learn more at the official website: www.tumca.net

Mission Statement of Texas United Methodist College Assoc

Texas United Methodist College Association, as a nonprofit organization, is dedicated to providing financial assistance for students pursuing higher education. They accomplish this mission by distributing funds to six educational institutions situated in Texas. Among these institutions are McMurry University in Abilene, Southern Methodist University in Dallas, and Southwestern University. Through this distribution of funds, the association aims to support student scholarships and financial aid, enabling more individuals to afford and pursue their higher education goals. By providing financial aid, Texas United Methodist College Association plays a significant role in fostering educational opportunities and empowering students to achieve their academic aspirations.

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Impact




October, 2024

Texas United Methodist College Association plays a vital role in supporting higher education in Texas by funding scholarships and financial aid for students. By distributing financial resources to six educational institutions, including McMurry University, Southern Methodist University, and Southwestern University, it directly impacts the ability of students to access and afford their education. This support enables students to pursue their academic goals, alleviates financial burdens, and enhances opportunities for personal and professional growth. Ultimately, the Association's commitment to educational funding fosters a more educated and empowered community in Texas.




This information is meant to be a general summary of Texas United Methodist College Assoc. 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.

Revenue
$162,353 (2023)
Expenses
$200,094 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $51
  • Gross Receipts: $162,353

Assets and Liabilities:

  • Total Assets: $73,538
  • Total Liabilities: $0
  • Net Assets: $73,538

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Organization Details

Founding Year

1982

Main Address

1 McMurry University, Abilene, TX, 79697

NTEE Category

Code: B84 - Education

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