Overview
What is University Of California Merced Foundation?
The University of California Merced Foundation is a nonprofit organization, established with the mission to encourage private donations, trusts, and bequests, benefiting the University of California, Merced. Located at 5200 North Lake Road, Merced, CA 95343, the foundation's primary purpose is to provide financial support for various programs, including scholarships and awards. As per recent information, funds transferred from the foundation are now managed and administered by the University of California, Merced, taking on fiduciary responsibility for the awards. The foundation's role is instrumental in securing resources that contribute to the educational growth and development of the university and its students.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Stars)
The University of California Merced Foundation has received a commendable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial stability. The score indicates that the foundation excels in its financial practices, with a perfect score in key areas such as program expenses and fundraising efficiency. This suggests that the organization effectively allocates resources towards its core mission.
Strengths of the foundation include a completely independent board, with 96% of members meeting this criterion, and a robust governance framework that includes comprehensive policies on conflict of interest and whistleblower protections. Additionally, the foundation has demonstrated excellent oversight with no material diversion of assets and a favorable liabilities to assets ratio, which speaks to its financial health.
There are no significant limitations noted in the available data, reinforcing the foundation’s reputation for transparency and effective management. Overall, the University of California Merced Foundation stands out as a well-managed nonprofit that prioritizes accountability and the efficient use of funds for its programs.
This AI summary has been generated from information found on Charity Navigator.
Is University Of California Merced Foundation legitimate?
University Of California Merced Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. University Of California Merced 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 University Of California Merced Foundation?
The University of California Merced Foundation was established to encourage voluntary private donations, trusts, and bequests for the benefit of the University of California, Merced. Its primary mission is to gather and manage these funds, with the University of California, Merced assuming the responsibility for awarding and administering them, primarily for scholarships and other program awards. This foundation plays a crucial role in supporting the educational pursuits of students and enhancing the university's capabilities through these generous contributions.
Who is the CEO of University Of California Merced Foundation?
E Edward Klotzbier is the CEO of University Of California Merced Foundation The CEO's salary of University Of California Merced Foundation is $0 and their total compensation is $368,653.
What is the revenue of University Of California Merced Foundation?
University Of California Merced Foundation's revenue in 2024 was $6,702,415.
Who are the executives of University Of California Merced Foundation and what are their salaries?
There 50 volunteers at University Of California Merced Foundation.
Here are 53 key members and their salaries (University Of California Merced Foundation's CEO's salary is $0 and their total compensation is $368,653):
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Where can I find the form 990 for University Of California Merced Foundation?
University Of California Merced Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of University Of California Merced Foundation
The University of California Merced Foundation was established with a purpose to encourage private donations, trusts, and bequests in support of the University of California, Merced. The primary mission of this nonprofit organization is to facilitate voluntary contributions, aiming to enhance the educational opportunities and resources available at the University of California, Merced. The foundation serves as a conduit for transferring funds, such as scholarships and program awards, to the university, assuming the responsibility for administering and awarding these funds. By doing so, the University of California Merced Foundation contributes to the academic growth and success of students at the University of California, Merced.
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Impact
July, 2024
The University of California Merced Foundation's impact is focused on encouraging voluntary private gifts, trusts, and bequests for the benefit of the University of California, Merced. Through scholarships and other program awards, the foundation supports students at the university. By facilitating the transfer of funds for scholarships and awards, the foundation plays a crucial role in providing financial assistance to students pursuing their education at UC Merced. This support helps students achieve their academic goals and contributes to the overall success of the university.
This information is meant to be a general summary of University Of California Merced 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 2024.
- Investment Income: $223,423
- Gross Receipts: $7,585,150
Assets and Liabilities:
- Total Assets: $32,571,273
- Total Liabilities: $603,927
- Net Assets: $31,967,346
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Organization Details
Founding Year
1996
Phone
(209) 228-4070Principal Officer
Art Kamangar
Main Address
5200 NORTH LAKE ROAD, MERCED, CA, 95343
NTEE Category
Code: B12 - Education
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