Overview
What is Montana State University Foundation Inc?
Montana State University Foundation Inc, also known as MSU Alumni Foundation, is a Bozeman, Montana-based nonprofit organization. Their primary mission is to foster ongoing relationships and secure private funding to advance Montana State University. They have a workforce of 76 individuals. Through their efforts, they have contributed $5.9 million towards enriching instruction, research, and public service for Montana State University's 16,841 students, as well as $23.6 million to construct and equip facilities that optimize their learning environments.
Official website here: www.msuaf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 99%
Montana State University Foundation Inc has achieved an impressive Four-Star out of Four Star rating from Charity Navigator, reflecting its strong accountability and financial health. With a perfect score in several key areas, including the independence of its board members and financial oversight, the foundation demonstrates a high level of transparency and governance.
The foundation maintains a healthy financial ratio, with a program expense ratio of 72.50%, indicating that a significant portion of its expenditures directly supports its mission. Its low fundraising efficiency ratio of $0.10 suggests that the organization is effective in raising funds without incurring excessive costs, which is a positive sign for potential donors.
However, while the foundation excels in many areas, it has been noted that its donor privacy policy is missing from its website. This could be a potential area for improvement to enhance donor trust. Overall, the Montana State University Foundation Inc stands out as a well-managed nonprofit with a strong commitment to accountability and effective resource allocation.
This AI summary has been generated from information found on Charity Navigator.
Is Montana State University Foundation Inc legitimate?
Montana State University Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Montana State University Foundation Inc 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: $620,935
Professional Fundraising Fees: $285,470
Other Salaries and Wages: $5,300,247
For more financial information, click here
Official website here: www.msuaf.org
What is the mission statement of Montana State University Foundation Inc?
Montana State University Foundation Inc focuses on building enduring relationships and securing private funding to advance Montana State University. Through their efforts, they have contributed significantly to the institution, providing it with over $30 million for enhancing education, generating knowledge, and serving communities. This financial support has benefited approximately 16,841 students by improving their instruction, research, and public service opportunities. Additionally, the foundation has contributed substantial funds to construct and equip facilities that optimize the students' learning environments.
Official website here: www.msuaf.org
Who is the CEO of Montana State University Foundation Inc?
Fran Albrecht From 1123 is the CEO of Montana State University Foundation Inc The CEO's salary of Montana State University Foundation Inc is $72,992 and their total compensation is $89,174.
Official website here: www.msuaf.org
What is the revenue of Montana State University Foundation Inc?
Montana State University Foundation Inc's revenue in 2024 was $101,083,515.
Official website here: www.msuaf.org
Who are the executives of Montana State University Foundation Inc and what are their salaries?
The average compensation at Montana State University Foundation Inc during 2024 was $73,101. There are 81 employees and 109 volunteers at Montana State University Foundation Inc.
Here are 36 key members and their salaries (Montana State University Foundation Inc's CEO's salary is $72,992 and their total compensation is $89,174):
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Official website here: www.msuaf.org
Where can I find the form 990 for Montana State University Foundation Inc?
Montana State University Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.msuaf.org
Learn more at the official website: www.msuaf.org
Mission Statement of Montana State University Foundation Inc
Montana State University Foundation Inc, a nonprofit organization, is dedicated to fostering enduring relationships and securing private funding to enhance the mission of Montana State University. With a focus on education, research, and public service, the foundation contributes significantly to the university's land-grant mission, which aims to integrate learning and knowledge creation with community service.
In the past year, Montana State University Foundation Inc has made a substantial impact by providing Montana State University with a total of $29.5 million. This includes $5.9 million that directly enriches the educational experience, research, and public service of the university's 16,841 students. Furthermore, the foundation has contributed $23.6 million to construct and equip facilities that significantly improve the research and learning environments for Montana State University students. Through these efforts, Montana State University Foundation Inc is instrumental in advancing the university's mission and contributing to the overall growth and success of the institution.
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Impact
October, 2024
Montana State University Foundation Inc plays a vital role in enhancing the educational landscape of Montana State University (MSU) by securing private support that directly benefits students and faculty. Through its efforts, the foundation has provided substantial funding—$5.9 million aimed at enriching instruction, research, and public service for nearly 17,000 students. Additionally, it has contributed $23.6 million toward the construction and equipping of state-of-the-art facilities, thereby improving the research and learning environments essential for academic growth.
By focusing on cultivating lifelong relationships with donors and stakeholders, the foundation ensures continued support for MSU's land-grant mission, which integrates education, knowledge creation, and community service. This impact is profound, as it not only enhances the quality of education at MSU but also fosters an environment where innovation and community engagement can thrive, ultimately benefiting the broader Montana community.
This information is meant to be a general summary of Montana State University Foundation Inc. 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 2024.
- Investment Income: $8,741,722
- Program Service Revenue: $4,032,700
- Gross Receipts: $176,315,288
Assets and Liabilities:
- Total Assets: $330,292,309
- Total Liabilities: $20,382,827
- Net Assets: $309,909,482
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Contract for Services
Revenue
$2,000,000
Ticket Revenue
Revenue
$1,530,143
Administrative Fees
Revenue
$238,109
Alumni Relations Program
Revenue
$149,420
Service Fee Revenue
Revenue
$87,069
Organization Details
Founding Year
1946
Principal Officer
Chris Murray
Website
www.msuaf.orgNTEE Category
Code: B114 - Education
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