Overview
What is The Kummer Institute Foundation?
The Kummer Institute Foundation is a nonprofit organization based in Rolla, Missouri, with a mission to support Missouri S&T (a component unit of the University of Missouri) by funding the establishment of a new School of Innovation and Entrepreneurship, advancing research, offering numerous scholarships and fellowships for students, and boosting the Missouri economy. This foundation aims to make Missouri S&T one of the nation's leading universities for innovation and entrepreneurship.
What are the reviews and ratings of this charity?
The Kummer Institute Foundation is not currently rated by Charity Navigator. This absence of rating is due to insufficient data in the accountability and financial metrics required for evaluation, such as total expenses. The lack of a rating should not be interpreted as either positive or negative; it merely indicates that a comprehensive assessment has not been possible.
While the foundation does not have a scored impact, measurement, or cultural evaluation, certain financial data is available. The compensation for key leaders such as President & CEO Mohammad Dehghani is listed, indicating some layer of fiscal transparency. Additionally, the foundation maintains an independent status, classified as a 509(a)(3) Type III not functionally integrated organization, which has implications for how it operates and is regulated.
Overall, while The Kummer Institute Foundation provides some financial disclosure, the lack of sufficient data limits a full assessment by Charity Navigator. No user reviews are available on GreatNonprofits, which further restricts external insights into the foundation's impact and community reception.
This AI summary has been generated from information found on Charity Navigator.
Is The Kummer Institute Foundation legitimate?
The Kummer Institute Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Kummer Institute 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of The Kummer Institute Foundation?
The Kummer Institute Foundation aims to help Missouri S&T emerge as one of the nation's leading universities for innovation and a hub for entrepreneurship. To achieve this, the foundation intends to provide Missouri S&T with the necessary funding. Notably, this support will facilitate the establishment of a new School of Innovation and Entrepreneurship, expand research areas, and offer numerous scholarships and fellowships to students. Additionally, the foundation's efforts will contribute significantly to bolstering the Missouri economy.
Who is the CEO of The Kummer Institute Foundation?
Mohammad Dehghani is the President & Chief Executive Officer of The Kummer Institute Foundation. The CEO's salary of The Kummer Institute Foundation is $0 and their total compensation is $678,413.
What is the revenue of The Kummer Institute Foundation?
The Kummer Institute Foundation's revenue in 2022 was $132,804,308.
Who are the executives of The Kummer Institute Foundation and what are their salaries?
There 9 volunteers at The Kummer Institute Foundation.
Here are 9 key members and their salaries (The Kummer Institute Foundation's CEO's salary is $0 and their total compensation is $678,413):
- Compensation: $0
- Related: $530,673
- Other: $147,740
- Compensation: $0
- Related: $15,331
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $71,137
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $6,000
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Kummer Institute Foundation?
The Kummer Institute Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Kummer Institute Foundation
The Kummer Institute Foundation is a dedicated organization with a mission to empower Missouri S&T, one of the components of the University of Missouri, to rise among the nation's leading universities for innovation and entrepreneurship. By providing essential funding, this foundation seeks to establish a new School of Innovation and Entrepreneurship at Missouri S&T, expand research areas, and offer numerous scholarships and fellowships for students. This commitment extends beyond the academic sphere, aiming to bolster the Missouri economy by fostering a culture of innovation and entrepreneurship. The Kummer Institute Foundation's investment in Missouri S&T not only enhances the university's reputation but also lays the groundwork for a vibrant, innovative, and economically robust future.
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Impact
October, 2024
The Kummer Institute Foundation is significantly impacting Missouri S&T by facilitating its evolution into a premier institution for innovation and entrepreneurship. By providing essential funding, the Foundation is instrumental in establishing a new School of Innovation and Entrepreneurship, thus elevating the university’s academic profile and research capabilities. This advancement not only enhances educational offerings but also fosters an environment conducive to cutting-edge research developments.
Moreover, the Foundation’s commitment to offering numerous scholarships and fellowships helps to attract and retain top talent, ensuring that students have access to quality education and opportunities for growth. This investment in human capital directly contributes to the nurturing of future leaders and innovators.
In addition to educational enhancements, the Foundation’s initiatives are set to bolster the local economy in Missouri. By encouraging entrepreneurship and innovative research, the Kummer Institute Foundation plays a critical role in driving economic development, creating jobs, and fostering a robust ecosystem where ideas can flourish. Overall, the impact is a multifaceted advancement for both the university and the wider community, creating a legacy of innovation and educational excellence.
This information is meant to be a general summary of The Kummer Institute 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: $132,804,308
- Gross Receipts: $254,240,640
Assets and Liabilities:
- Total Assets: $357,216,490
- Total Liabilities: $2,542,714
- Net Assets: $354,673,776
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Organization Details
Founding Year
2020
Phone
(573) 341-4122Principal Officer
Mohammad Dehghani
Main Address
300 W 13TH ST PARKER HALL STE 204, ROLLA, MO, 65409
NTEE Category
Code: B11 - Education
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