The Northern Michigan University Foundation

Organization Overview

The Northern Michigan University Foundation is located in Marquette, MI. The organization was established in 1969. 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. Northern Michigan 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, Northern Michigan University Foundation generated $7.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $4.3m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Northern Michigan University Foundation has awarded 44 individual grants totaling $24,295,993. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE NMU FOUNDATION WILL ESTABLISH AND FOSTER RELATIONSHIPS TO GENERATE RESOURCES THAT BENEFIT THE STRATEGIC GOALS OF NORTHERN MICHIGAN UNIVERSITY.

Describe the Organization's Program Activity:

ACADEMIC DEPARTMENTS AND PROGRAMS - PROVIDE SUPPORT TO NORTHERN MICHIGAN UNIVERSITY'S ACADEMIC DEPARTMENTS AND PROGRAMS TO INCREASE THE EDUCATIONAL OPPORTUNITIES FOR ITS STUDENTS.


SCHOLARSHIPS AND OTHER FINANCIAL AID - PROVIDING FINANCIAL ASSISTANCE TO STUDENTS, ENABLING THEM TO OBTAIN A COLLEGE EDUCATION.


ATHLETICS - PROVIDE SUPPORT FOR VARIOUS ATHLETIC PROGRAMS AT NORTHERN MICHIGAN UNIVERSITY, BENEFITING NORTHERN MICHIGAN UNIVERSITY ATHLETES, STUDENTS, AND AREA RESIDENTS.


PUBLIC TELEVISION (429,136) - PROVIDE OPERATING FUNDS FOR NORTHERN MICHIGAN UNIVERSITY'S PUBLIC TV STATION, BENEFITING THE RESIDENTS OF THE CENTRAL PORTION OF THE UPPER PENINSULA OF MICHIGAN WHO CHOOSE TO VIEW IT. PUBLIC RADIO (426,702) - PROVIDE OPERATING FUNDS FOR NORTHERN MICHIGAN UNIVERSITY'S PUBLIC RADIO STATION, BENEFITING THE RESIDENTS OF THE CENTRAL PORTION OF THE UPPER PENINSULA OF MICHIGAN WHO CHOOSE TO LISTEN TO IT.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
John F List
President
$0
Kevin C Boyle
Secretary/treasurer
$0
Katherine L Miller
Vice President
$0
Brad M Canale
Chief Executive Officer
$0
Jesse W Bell
Trustee
$0
William W Bowerman
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$5,213,973
Noncash contributions included in lines 1a–1f $2,114,223
Total Revenue from Contributions, Gifts, Grants & Similar$5,213,973
Total Program Service Revenue$0
Investment income $1,895,458
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $556,986
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $7,666,417

Grants Awarded

Over the last fiscal year, The Northern Michigan University Foundation has awarded $3,489,559 in support to 7 organizations.

Grant RecipientAmount

NORTHERN MICHIGAN UNIVERSITY

PURPOSE: OTHER DEPARTMENTS AND PROGRAMS

$1,052,026

NORTHERN MICHIGAN UNIVERSITY

PURPOSE: SCHOLARSHIPS

$885,942

NORTHERN MICHIGAN UNIVERSITY

PURPOSE: ATHLETIC PROGRAMS

$660,255

NORTHERN MICHIGAN UNIVERSITY

PURPOSE: PUBLIC TELEVISION

$429,136

NORTHERN MICHIGAN UNIVERSITY

PURPOSE: PUBLIC RADIO

$426,702

NORTHERN MICHIGAN UNIVERSITY

PURPOSE: OTHER DEPARTMENTS AND PROGRAMS

$28,790
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that The Northern Michigan University Foundation has recieved totaling $23,207.

Awarding OrganizationAmount
Annexstad Family Foundation

Mound, MN

PURPOSE: SCHOLARSHIP

$23,157
Gannett Foundations Inc

Mclean, VA

PURPOSE: CHARITABLE PURPOSE

$50
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$43,092,526
Earnings-$6,365,326
Net Contributions$1,395,914
Other Expense-$630,000
Grants$1,157,797
Ending Balance$37,595,317

Create an account to unlock the data you need.

or