Overview
What is University Corporation At Monterey Bay?
University Corporation at Monterey Bay is a nonprofit organization based in Seaside, California, with an address at 100 CAMPUS CTR BLDG 201 101B, ZIP code 93955. Their mission is to support California State University, Monterey Bay, by providing resources and services that extend beyond state funding. They use their fiscal flexibility to manage commercial activities and generate revenue for the university's strategic initiatives, while committing to building a multicultural learning community. The organization's program includes housing, dining, and residential life for students, faculty, and staff, contributing to the university's scientific, literary, educational, and charitable purposes. With a workforce of 747 employees, they aim to enhance the university experience and foster productive, responsible, and ethical contributors to California and the global community.
Official website here: www.csumb.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating 71% - Two-Star out of Four Star rating
The University Corporation at Monterey Bay has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and financial practices. The score is entirely derived from its Accountability & Finance assessment, where it achieved a 71%. This rating reflects areas of strength, such as the presence of a conflict of interest policy and an audit committee, highlighting a commitment to transparency and governance.
However, the organization shows significant weaknesses, particularly in board independence and size. With no independent board members, the governance structure may lack the diverse perspectives that independent oversight can provide. Additionally, the liabilities to assets ratio received a notably low score, suggesting concerns regarding financial stability that could impact its operations.
Overall, while the University Corporation at Monterey Bay demonstrates solid practices in certain governance areas, its financial ratios and lack of independent board oversight warrant attention from potential donors and stakeholders assessing its long-term viability.
This AI summary has been generated from information found on Charity Navigator.
Is University Corporation At Monterey Bay legitimate?
University Corporation At Monterey Bay is a legitimate nonprofit organization registered as a 501(c)(3) entity. University Corporation At Monterey Bay 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: $14,524,628
For more financial information, click here
Official website here: www.csumb.edu
What is the mission statement of University Corporation At Monterey Bay?
The University Corporation At Monterey Bay aims to enhance the academic programs of California State University, Monterey Bay, and contribute to its scientific, literary, educational, and charitable pursuits. With fiscal flexibility, the corporation provides resources and services that are not funded by the state. Operational expertise is utilized to manage commercial activities, while entrepreneurial acumen is employed to generate revenue for the university's strategic initiatives. The corporation is dedicated to fostering a multicultural learning community, where partners contribute ethically, responsibly, and productively to California and the global community.
Official website here: www.csumb.edu
What is the revenue of University Corporation At Monterey Bay?
University Corporation At Monterey Bay's revenue in 2023 was $79,086,983.
Official website here: www.csumb.edu
Who are the executives of University Corporation At Monterey Bay and what are their salaries?
The average compensation at University Corporation At Monterey Bay during 2023 was $15,926. There are 912 employees and 400 volunteers at University Corporation At Monterey Bay.
Here are 15 key members and their salaries:
- Compensation: $0
- Related: $295,720
- Other: $108,885
- Compensation: $0
- Related: $131,499
- Other: $33,654
- Compensation: $0
- Related: $324,434
- Other: $97,644
- Compensation: $0
- Related: $245,212
- Other: $57,933
- Compensation: $531
- Related: $94,580
- Other: $38,087
- Compensation: $0
- Related: $217,000
- Other: $25,200
- Compensation: $0
- Related: $9,850
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $240,911
- Other: $96,167
- Compensation: $0
- Related: $90,941
- Other: $46,654
- Compensation: $212,077
- Related: $0
- Other: $23,386
- Compensation: $177,818
- Related: $0
- Other: $46,835
- Compensation: $173,219
- Related: $0
- Other: $46,437
- Compensation: $156,748
- Related: $0
- Other: $36,812
- Compensation: $137,386
- Related: $0
- Other: $24,724
Official website here: www.csumb.edu
Where can I find the form 990 for University Corporation At Monterey Bay?
University Corporation At Monterey Bay's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.csumb.edu
Learn more at the official website: www.csumb.edu
Mission Statement of University Corporation At Monterey Bay
University Corporation At Monterey Bay (UCMB) is a mission-driven organization dedicated to advancing the programs of California State University, Monterey Bay, and supporting its scientific, literary, educational, and charitable purposes. In pursuit of this goal, UCMB employs fiscal flexibility to provide essential resources and services not funded by the state, offering operational expertise to manage commercial activities, and leveraging entrepreneurial acumen to generate revenue in support of the university's strategic initiatives.
UCMB's commitment extends beyond financial support. The organization is dedicated to fostering a multicultural learning community, partnering with individuals prepared to contribute productively, responsibly, and ethically to California and the global community. By using its resources effectively, UCMB plays a vital role in enabling the university to thrive and make a lasting impact.
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Impact
October, 2024
University Corporation at Monterey Bay significantly enhances the educational experience and operational capacity of California State University, Monterey Bay. By providing essential housing, dining, and residential life programs, it fosters a supportive environment for students, faculty, and staff. The corporation employs fiscal flexibility to supply resources and services that state funding cannot cover, allowing for innovative educational initiatives.
Through its operational expertise and entrepreneurial approach, the Corporation not only manages commercial activities but also generates revenue that directly supports the university’s strategic objectives. This financial independence empowers the university to cultivate a diverse learning community, equipping students and faculty to engage meaningfully in both local and global contexts. Overall, its commitment to promoting inclusivity and ethical productivity plays a crucial role in shaping responsible future leaders.
This information is meant to be a general summary of University Corporation At Monterey Bay. 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 2023.
- Investment Income: $1,463,168
- Program Service Revenue: $47,561,651
- Gross Receipts: $97,760,965
Assets and Liabilities:
- Total Assets: $228,825,239
- Total Liabilities: $162,040,300
- Net Assets: $66,784,939
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOUSING, DINING & RESIDENTIAL LIF
Revenue
$43,322,149
COMMISSIONS AND SERVICE FEES
Revenue
$2,039,463
RADIO STATION FUNDING
Revenue
$1,340,303
ROU NONOPERATING REVENUE
Revenue
$859,736
Organization Details
Founding Year
1994
Principal Officer
Glen Nelson
Website
www.csumb.eduNTEE Category
Code: B114 - Education
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