Overview
What is New Mexico State Univ Fdninc?
New Mexico State University Foundation, or New Mexico State Fdninc, is a nonprofit organization situated in Las Cruces, New Mexico. Their primary role is to establish lasting relationships with alumni, supporters, and the community to secure and manage private resources. These resources are used to fortify New Mexico State University's (NMSU) ability to uphold its land grant mission. The organization supports a wide range of activities at NMSU, including funding for all colleges and units, athletics, and research initiatives. Throughout the fiscal year, this foundation awarded scholarships to over 3,400 students. The funding for NMSU during the fiscal year was sourced from thousands of current use gifts from generous donors and alumni, as well as over 1,800 endowment funds.
Official website here: www.nmsufoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 95% - Four-Star out of Four Star Rating
New Mexico State University Foundation, Inc. has received a commendable Four-Star rating from Charity Navigator, reflecting strong accountability and financial health. The charity's overall score is derived solely from its impressive accountability and finance metrics, which earned a perfect score of 95%. This rating indicates that the organization operates with transparency and integrity, significantly benefiting its stakeholders and donors.
The foundation demonstrates strong governance, featuring a board composed entirely of independent members and a robust audit and oversight committee. It also follows best practices regarding conflict of interest policies and whistleblower protections, ensuring ethical conduct and responsiveness to potential issues. The financial metrics are particularly noteworthy, with a program expense ratio of 70.73%, signifying that a substantial portion of resources is directed toward its mission-driven programs.
Additionally, the foundation maintains a low liabilities-to-assets ratio at 21.86%, indicating stable financial health. The fundraising efficiency ratio of $0.08 suggests that the organization effectively keeps fundraising costs low, maximizing the resources available for its programs. Overall, the New Mexico State University Foundation stands out as a well-managed nonprofit with a clear commitment to accountability and effective use of funds.
This AI summary has been generated from information found on Charity Navigator.
Is New Mexico State Univ Fdninc legitimate?
New Mexico State Univ Fdninc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Mexico State Univ Fdninc 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: $331,252
Professional Fundraising Fees: $502,083
Other Salaries and Wages: $3,339,858
For more financial information, click here
Official website here: www.nmsufoundation.org
What is the mission statement of New Mexico State Univ Fdninc?
The New Mexico State University Foundation works to build long-lasting connections with alumni, supporters, and the community to generate a consistent flow of private resources. This mission aims to strengthen New Mexico State University (NMSU) by securing, managing, and protecting a sustainable source of funds. These resources enhance NMSU's ability to carry out its land grant mission. The foundation receives funding through a combination of current use gifts from numerous donors and alumni, as well as grants from over 1,800 endowment funds. A significant portion of the funds granted during the fiscal year went towards scholarships for over 3,400 students. Overall, the foundation's efforts support various activities within NMSU, including research initiatives and athletics.
Official website here: www.nmsufoundation.org
Who is the CEO of New Mexico State Univ Fdninc?
David H Strong is the Chair of New Mexico State Univ Fdninc.
Official website here: www.nmsufoundation.org
What is the revenue of New Mexico State Univ Fdninc?
New Mexico State Univ Fdninc's revenue in 2022 was $93,998,424.
Official website here: www.nmsufoundation.org
Who are the executives of New Mexico State Univ Fdninc and what are their salaries?
There 15 volunteers at New Mexico State Univ Fdninc.
Here are 33 key members and their salaries:
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Official website here: www.nmsufoundation.org
Where can I find the form 990 for New Mexico State Univ Fdninc?
New Mexico State Univ Fdninc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nmsufoundation.org
Learn more at the official website: www.nmsufoundation.org
Mission Statement of New Mexico State Univ Fdninc
New Mexico State University Foundation, a nonprofit organization, is committed to building long-term relationships with alumni, supporters, and the community to secure, manage, steward, and protect a sustainable source of private resources. These resources enhance New Mexico State University's (NMSU) ability to fulfill its land grant mission. The Foundation plays a vital role in providing direct grants to NMSU, supporting a wide range of activities. These activities include funding for all NMSU colleges and units, athletics, and research initiatives. A significant portion of the funding goes towards scholarships, which were awarded to over 3,400 students during the fiscal year. The Foundation receives support from thousands of current use gifts from generous donors and alumni, as well as over 1,800 endowment funds. Through these efforts, the New Mexico State University Foundation fosters growth and success at NMSU.
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Impact
October, 2024
New Mexico State University Foundation plays a crucial role in supporting the educational and community efforts of New Mexico State University (NMSU). By fostering long-term relationships with alumni, supporters, and the community, the foundation secures and manages private resources that significantly enhance the university's capabilities in fulfilling its land grant mission.
The foundation's financial support has a direct impact on various dimensions of the university, including funding for colleges, research initiatives, and athletics. In just one fiscal year, it awarded scholarships to over 3,400 students, making higher education more accessible and contributing to the academic success of individuals from diverse backgrounds.
The foundation's ability to gather funds from generous donors and maintain a robust endowment, with over 1,800 funds, ensures a sustainable source of private resources. This commitment to stewardship not only strengthens the university's programs but also invests in the future of its students, thereby fostering growth and development within the greater Las Cruces community and beyond. Through these initiatives, New Mexico State University Foundation effectively enhances educational opportunities, enriches academic experiences, and supports the university's mission of public service and outreach.
This information is meant to be a general summary of New Mexico State Univ Fdninc. 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: $63,831,764
- Program Service Revenue: $876,682
- Gross Receipts: $384,394,683
Assets and Liabilities:
- Total Assets: $352,538,517
- Total Liabilities: $51,149,338
- Net Assets: $301,389,179
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NMSU MANAGEMENT FEE
Revenue
$816,074
MEMBERSHIP DUES
Revenue
$60,608
Organization Details
Founding Year
1959
Phone
(575) 646-1613Principal Officer
David H Strong
Main Address
PO BOX 3590, LAS CRUCES, NM, 880033590
Website
www.nmsufoundation.orgNTEE Category
Code: B110 - Education
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