Millersville University Foundation
- Assets
- $59.7m
- Revenue
- $2.6m
- Investments
- $4.0m
- Employees
- 0
- Location
- Millersville, PA
- Founding
- 03/1968
- Data as of
- 06/2023
- 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 06/2023, Millersville University Foundation generated $2.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $1.9m during the year ending 06/2023. While expenses have increased by 4.6% per year over the past 8 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
2023
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 |
Mr Da Abrams Director (joined 1/1/23) | Trustee | 0.3 | $0 |
Ms A Susannah Boyle Director | Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $8,616 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $813,557 |
| Noncash contributions included in lines 1a–1f | $88,719 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $822,173 |
| Total Program Service Revenue | $0 |
| Investment income | $1,047,250 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $546,653 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,567,203 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $556,507 |
| Grants and other assistance to domestic individuals. | $956,225 |
| 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 | $0 |
| Fees for services: Accounting | $5,959 |
| Fees for services: Lobbying | $18,075 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $123,175 |
| Fees for services: Other | $7,792 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $39,526 |
| Royalties | $0 |
| Occupancy | $1,363 |
| 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 | $25,339 |
| All other expenses | $0 |
| Total functional expenses | $1,872,162 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,150,511 |
| Pledges and grants receivable | $668,441 |
| 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 | $52,846,635 |
| Investments—other securities | $3,971,832 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $77,962 |
| Total assets | $59,715,381 |
| Accounts payable and accrued expenses | $46,785 |
| 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 | $3,455,445 |
| Total liabilities | $3,502,230 |
| Net assets without donor restrictions | $970,287 |
| Net assets with donor restrictions | $55,242,864 |
| 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 | $59,715,381 |