Overview
What is Montana State University Billings Foundation?
Montana State University Billings Foundation is a charitable organization established in 1968, with a primary mission to support and advance the goals of Montana State University Billings. The foundation serves as a bridge between the university, students, alumni, faculty, and the community, aiming to create lasting relationships and foster a culture of inclusivity. One of its key activities is providing financial assistance to students through scholarships, offering 811 scholarships ranging from $200 to $7,500 in value. With a team of 19 dedicated individuals, the foundation seeks innovative partnerships to support university priorities and engage in community development, ultimately fostering pathways to success for MSU Billings students.
Official website here: www.msubfoundation.com
What are the reviews and ratings of this charity?
Charity Navigator rating: 97%, Four-Star out of Four Star rating.
Montana State University Billings Foundation has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and financial health. The foundation scored 97% in this category, indicating a high level of transparency and effective management of its resources. The organization boasts a fully independent board, with all 14 members meeting the criteria for independence, which enhances its governance practices.
The foundation demonstrates excellent financial oversight, evidenced by its robust audit and oversight committee and the absence of material asset diversions. Additionally, its financial ratios highlight a strong program expense ratio of nearly 80%, showcasing its commitment to funding programs rather than administrative costs. Fundraising efficiency is also commendable, with only $0.15 needed to raise each dollar for its initiatives, making it a cost-effective nonprofit.
While the data reflects a strong organizational performance, potential donors and stakeholders may want to keep an eye on ongoing financial developments and the foundation's strategic initiatives. The overall absence of noted weaknesses suggests a well-managed organization, yet continuous evaluation is always beneficial in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Montana State University Billings Foundation legitimate?
Montana State University Billings Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Montana State University Billings 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: $407,881
Professional Fundraising Fees: $0
Other Salaries and Wages: $377,127
For more financial information, click here
Official website here: www.msubfoundation.com
What is the mission statement of Montana State University Billings Foundation?
The Montana State University Billings Foundation, established in 1968, serves as a charitable organization with a mission to advance the goals of Montana State University Billings. It aims to establish enduring relationships with students, parents, faculty, alumni, friends, and community partners. The foundation focuses on creating pathways to success for these individuals, sustaining them through philanthropy, stewardship, and community engagement. It seeks and nurtures innovative partnerships to support the realization of the university's current and emerging priorities. Lastly, the foundation promotes a culture of inclusivity, celebrating diversity both on campus and beyond.
Official website here: www.msubfoundation.com
Who is the CEO of Montana State University Billings Foundation?
Donald L Roberts is the Chair of Montana State University Billings Foundation. The CEO's salary of Montana State University Billings Foundation is $8,661 and their total compensation is $8,661.
Official website here: www.msubfoundation.com
What is the revenue of Montana State University Billings Foundation?
Montana State University Billings Foundation's revenue in 2022 was $3,844,077.
Official website here: www.msubfoundation.com
Who are the executives of Montana State University Billings Foundation and what are their salaries?
The average compensation at Montana State University Billings Foundation during 2022 was $41,316. There are 19 employees and 315 volunteers at Montana State University Billings Foundation.
Here are 16 key members and their salaries (Montana State University Billings Foundation's CEO's salary is $8,661 and their total compensation is $8,661):
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- Compensation: $8,661
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- Compensation: $127,985
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- Other: $23,875
- Compensation: $76,564
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- Other: $20,060
Official website here: www.msubfoundation.com
Where can I find the form 990 for Montana State University Billings Foundation?
Montana State University Billings Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.msubfoundation.com
Learn more at the official website: www.msubfoundation.com
Mission Statement of Montana State University Billings Foundation
The Montana State University Billings Foundation, established in 1968, is a publicly supported, non-profit corporation with a mission to advance the goals of Montana State University Billings. This charitable organization aims to cultivate enduring relationships with university students, parents, faculty, alumni, friends, and community partners. By establishing these connections, the Foundation seeks to create pathways to success and sustain them through philanthropy, stewardship, and community engagement.
Furthermore, the Montana State University Billings Foundation is dedicated to fostering innovative partnerships to support the university's current and emerging priorities. This involves seeking out collaborations that can contribute to the realization of the institution's objectives. Lastly, the Foundation promotes a culture of inclusivity on campus and beyond, celebrating diversity and embracing the richness it brings to the university community.
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Impact
July, 2024
The Montana State University Billings Foundation's impact is significant in advancing the goals of MSU Billings by establishing lifelong relationships with university stakeholders, creating pathways to success and sustaining them through philanthropy, seeking and nurturing innovative partnerships, and fostering a culture of inclusivity. The Foundation's activities, such as providing student scholarships, directly support MSU Billings students by offering financial assistance through 811 scholarships valued between $200 and $7,500. This support plays a crucial role in helping students pursue their education and achieve their academic goals.
This information is meant to be a general summary of Montana State University Billings 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: $439,764
- Program Service Revenue: $274,735
- Gross Receipts: $16,577,856
Assets and Liabilities:
- Total Assets: $38,846,778
- Total Liabilities: $3,482,650
- Net Assets: $35,364,128
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
College Contract Revenue
Revenue
$224,990
Organization Details
Founding Year
1967
Phone
(406) 657-2244Principal Officer
Donald L Roberts
Main Address
1500 University Drive, Billings, MT, 59101
Website
www.msubfoundation.comNTEE Category
Code: B110 - Education
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