Overview
What is Mississippi State University Advanced Research And Development?
Mississippi State University Advanced Research and Development is a nonprofit organization located in Mississippi State, Mississippi. Their primary focus is to foster and promote the development of new technologies and research that align with the public interest, in collaboration with Mississippi State University, businesses, and the industry sector. Through their research and development program expenses, they aim to capitalize on opportunities arising from scientific or educational innovations and contribute to economic development. Their mission is to actively encourage and support activities related to the advancement of new technologies, ultimately benefiting the broader community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Mississippi State University Advanced Research And Development has received a two-star rating from Charity Navigator, reflecting a score of 62%. The organization excels in various areas, boasting a perfect score for its independent board composition, effective financial oversight, and strong program expense ratio, indicating that a significant portion of its funds is allocated to its programs.
However, the organization faces challenges regarding its financial health, as evidenced by a concerning liabilities to assets ratio of 81.33% and a working capital ratio of just 0.01 years. These figures suggest potential issues with financial stability and liquidity, which may impact its long-term sustainability. Additionally, while the salary of key personnel, such as the director, reflects competitive compensation, it raises questions about the allocation of resources.
Overall, while Mississippi State University Advanced Research And Development displays strong governance and efficient fundraising practices, its financial limitations warrant attention and improvement to enhance its operational viability and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Mississippi State University Advanced Research And Development legitimate?
Mississippi State University Advanced Research And Development is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mississippi State University Advanced Research And Development 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: $17,381
For more financial information, click here
What is the mission statement of Mississippi State University Advanced Research And Development?
Mississippi State University Advanced Research and Development's mission is to foster and encourage activities related to the development of new technologies and research that serve the public interest. They achieve this by collaborating with businesses and industries, as well as Mississippi State University itself. The organization's activities involve covering research and development program expenses to create and administer opportunities derived from scientific or educational research and technological innovations. Their goal is also to promote economic development.
Who is the CEO of Mississippi State University Advanced Research And Development?
Marc Mcgee is the Board Member of Mississippi State University Advanced Research And Development.
What is the revenue of Mississippi State University Advanced Research And Development?
Mississippi State University Advanced Research And Development's revenue in 2022 was $2,510,456.
Who are the executives of Mississippi State University Advanced Research And Development and what are their salaries?
Here are 12 key members and their salaries:
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Where can I find the form 990 for Mississippi State University Advanced Research And Development?
Mississippi State University Advanced Research And Development's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mississippi State University Advanced Research And Development
Mississippi State University Advanced Research and Development, abbreviated as MSU ARD, is committed to fostering and advocating for activities associated with the advancement of new technologies and research that serves the public interest in conjunction with Mississippi State University. The organization's primary mission is to collaborate with businesses and industry, as well as Mississippi State University, with the intention of promoting and encouraging the development of innovative technologies and research.
By investing in research and development program expenses, MSU ARD seeks to create and administer opportunities that stem from scientific or educational research and technological innovations. Their ultimate goal is to contribute to economic development by providing a platform for the development and implementation of these advancements. The organization functions as a bridge between academic research and practical application, ensuring that groundbreaking discoveries translate into tangible benefits for society at large.
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Impact
July, 2024
Mississippi State University Advanced Research And Development's impact lies in its mission to encourage and promote the development of new technologies and research that are in the public interest. By collaborating with businesses, industries, and Mississippi State University, the organization facilitates research and development programs that lead to technological innovations with scientific and educational benefits. This work not only advances knowledge and expertise but also contributes to economic development within the state of Mississippi. Overall, Mississippi State University Advanced Research And Development plays a crucial role in fostering innovation and progress in various fields.
This information is meant to be a general summary of Mississippi State University Advanced Research And Development. 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: $549
- Gross Receipts: $2,510,456
Assets and Liabilities:
- Total Assets: $152,381
- Total Liabilities: $87,669
- Net Assets: $64,712
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Organization Details
Founding Year
2016
Phone
(662) 325-4115Principal Officer
Marc Mcgee
Main Address
PO BOX 6343, MISSISSIPPI STATE, MS, 39762
NTEE Category
Code: B05 - Education
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