Overview
What is Multilateral Endowment Management Company?
The Multilateral Endowment Management Company (MEMCO) serves as an investment management firm, devoting its expertise solely to offering investment advisory services. It primarily caters to the Oklahoma State University Foundation (OSU Foundation), along with affiliated nonprofit organizations and independent charitable entities. Their primary mission is to deliver institutional-grade investment services to these supported organizations, ensuring they benefit from sound financial management.
Is Multilateral Endowment Management Company legitimate?
Multilateral Endowment Management Company is a legitimate nonprofit organization registered as a 501(c)(3) entity. Multilateral Endowment Management Company 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: $979,797
Professional Fundraising Fees: $0
Other Salaries and Wages: $663,860
For more financial information, click here
What is the mission statement of Multilateral Endowment Management Company?
The Multilateral Endowment Management Company (MEMCO) is committed to delivering institutional-quality investment services to the organizations it supports. Specifically, this investment management firm offers its expert advisory services to the Oklahoma State University Foundation (OSU Foundation), affiliated nonprofits, and independent charities. By providing these investment services, MEMCO aims to help these organizations manage their financial resources effectively and sustainably.
Who is the CEO of Multilateral Endowment Management Company?
Ashley Roche is the Chairman Of The Board Of Directors of Multilateral Endowment Management Company. The CEO's salary of Multilateral Endowment Management Company is $396,777 and their total compensation is $454,569.
What is the revenue of Multilateral Endowment Management Company?
Multilateral Endowment Management Company's revenue in 2022 was $2,778,946.
Who are the executives of Multilateral Endowment Management Company and what are their salaries?
The average compensation at Multilateral Endowment Management Company during 2022 was $205,457. There are 8 employees and 11 volunteers at Multilateral Endowment Management Company.
Here are 15 key members and their salaries (Multilateral Endowment Management Company's CEO's salary is $396,777 and their total compensation is $454,569):
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- Other: $63,345
- Compensation: $396,777
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- Other: $57,792
- Compensation: $239,044
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- Compensation: $310,399
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- Other: $67,327
- Compensation: $202,329
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- Other: $40,461
Where can I find the form 990 for Multilateral Endowment Management Company?
Multilateral Endowment Management Company's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Multilateral Endowment Management Company
The Multilateral Endowment Management Company, or MEMCO, is an investment management organization with a mission to offer institutional-grade investment services to the entities it supports. This includes the Oklahoma State University Foundation (OSU Foundation), affiliated nonprofit organizations, and independent charitable institutions. By assuming this role, MEMCO aims to contribute to the financial stability and growth of these organizations, ultimately enabling them to carry out their respective missions effectively and sustainably.
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Impact
October, 2024
The Multilateral Endowment Management Company (MEMCO) significantly impacts the financial stability and growth of organizations such as the Oklahoma State University Foundation and various affiliated and non-affiliated charities. By providing institutional-quality investment advisory services, MEMCO helps these organizations effectively manage their endowments and financial assets, ensuring that they can sustain and expand their missions.
This focus on high-caliber investment management allows supported organizations to allocate more resources towards their educational and community initiatives, ultimately enhancing their overall contributions to the sectors they serve. MEMCO's expertise equips its clients with strategic financial insights and robust investment strategies, fostering long-term growth and stability within the nonprofit landscape. Through its dedicated services, MEMCO plays a crucial role in empowering these institutions to achieve their goals, thereby making a lasting impact on education and community development in Oklahoma and beyond.
This information is meant to be a general summary of Multilateral Endowment Management Company. 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: $986
- Program Service Revenue: $2,267,337
- Gross Receipts: $2,778,946
Assets and Liabilities:
- Total Assets: $2,274,497
- Total Liabilities: $1,855,542
- Net Assets: $418,955
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Management Fees
Revenue
$2,267,337
Organization Details
Founding Year
2019
Phone
(405) 714-7827Principal Officer
Ashley Roche
Main Address
4017 E Covell 100, Edmond, OK, 73034
NTEE Category
Code: B02 - Education
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