Millersville University Foundation
- Assets
- $54.8m
- Revenue
- $6.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Millersville, PA
- Founding
- 03/1968
- Data as of
- 06/2022
- EIN
- 23-6435616
Organization Overview
Millersville University Foundation is located in Millersville, PA. The organization was established in 1968. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Millersville University Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Millersville University Foundation generated $6.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.9% each year . All expenses for the organization totaled $2.1m during the year ending 06/2022. While expenses have increased by 7.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
MILLERSVILLE UNIVERSITY FOUNDATION IS A NON-PROFIT ORGANIZATION OPERATED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES. THE FOUNDATION MANAGES AND INVESTS FUNDS RECEIVED FROM ALUMNI AND FRIENDS OF MILLERSVILLE UNIVERSITY OF PENNSYLVANIA.
Describe the Organization's Program Activity:
ALL PROGRAMS INCLUDE SCHOLARSHIPS, AWARDS, OR GRANTS FOR STUDENTS OR ORGANIZATIONS OF MILLERSVILLE UNIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Joseph W Garner President | OfficerTrustee | 1 | $0 |
Dr Darryl L Landis Vice President | OfficerTrustee | 0.3 | $0 |
Ms Suzanne J Walstrum Treasurer | OfficerTrustee | 0.3 | $0 |
Dr Kemah Ep Washington Secretary | OfficerTrustee | 0.3 | $0 |
Ms A Susannah Boyle Director | Trustee | 0.3 | $0 |
Mr Robert Bailey Director | Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $9,108 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,747,162 |
| Noncash contributions included in lines 1a–1f | $626,051 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,756,270 |
| Total Program Service Revenue | $0 |
| Investment income | $751,780 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,877,998 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,386,048 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $505,906 |
| Grants and other assistance to domestic individuals. | $1,212,034 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $324 |
| Fees for services: Accounting | $15,925 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $142,365 |
| Fees for services: Other | $5,515 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $34,111 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $19,425 |
| All other expenses | $0 |
| Total functional expenses | $2,149,122 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,619,773 |
| Pledges and grants receivable | $3,010,259 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $48,073,835 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $85,686 |
| Total assets | $54,789,553 |
| Accounts payable and accrued expenses | $13,764 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,230,169 |
| Total liabilities | $3,243,933 |
| Net assets without donor restrictions | $733,481 |
| Net assets with donor restrictions | $50,812,139 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $54,789,553 |
Grants Recieved
Over the last fiscal year, we have identified 23 grants that Millersville University Foundation has recieved totaling $366,407.
| Awarding Organization | Amount |
|---|---|
Ferree Foundation Lancaster, PA PURPOSE: SOAR TO GREATNESS | $100,000 |
Student Lodging Inc Millersville, PA PURPOSE: GENERAL PURPOSE | $75,000 |
Lancaster Education Foundation Lancaster, PA PURPOSE: EDUCATIONAL GRANTS | $50,000 |
Clark Assoc Charitable Fdn Lancaster, PA PURPOSE: SCHOLARSHIPS | $25,000 |
Willis And Elsie Shenk Foundation Lancaster, PA PURPOSE: ELSIE SHENK ENDOWMENT | $25,000 |
Ww & Lucretia Hafer Scholarship Tuw Amherst, NY PURPOSE: SCHOLARSHIP | $18,934 |
Endowment Analysis
| Beg. Balance | $56,906,269 |
| Earnings | -$6,109,158 |
| Net Contributions | $3,222,454 |
| Other Expense | $756,004 |
| Grants | $1,717,941 |
| Ending Balance | $51,545,620 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Auxiliary Services State University College At Oswego Inc Oswego, NY | $22,384,872 | $17,397,841 |
Union Institute & University Cincinnati, OH | $9,527,741 | $17,880,804 |
New York School Of Interior Design New York, NY | $51,839,026 | $19,439,647 |
Campus Auxiliary Services Inc Geneseo, NY | $17,284,029 | $15,748,461 |
Cleveland State University Foundation Cleveland, OH | $110,232,117 | $11,409,961 |
Morgan State University Foundation Incorporated Baltimore, MD | $141,263,372 | $14,542,251 |
Nysernetorg Inc Syracuse, NY | $20,513,816 | $10,109,446 |
University Auxiliary Services At Albany Inc Albany, NY | $43,160,685 | $14,879,703 |
Suny Cobleskill Auxiliary Services Inc Cobleskill, NY | $8,795,968 | $7,700,761 |
New York College Of Health Professions Syosset, NY | $13,423,184 | $7,322,070 |
Central Yeshiva Tomchei Timimim Lubavitz Of The U S A Brooklyn, NY | $11,238,577 | $6,653,725 |
Newark Campus Development Fund Newark, OH | $44,149,352 | $5,377,217 |