Morgan State University Foundation Incorporated

Organization Overview

Morgan State University Foundation Incorporated is located in Baltimore, MD. The organization was established in 1970. 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. Morgan State University Foundation Incorporated 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, Morgan State University Foundation Incorporated generated $14.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $10.6m during the year ending 06/2022. While expenses have increased by 10.8% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROMOTE THE GROWTH, PROGRESS AND GENERAL WELFARE OF MORGAN STATE UNIVERSITY

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE GRANTS AND SCHOLARSHIP ASSISTANCE TO STUDENTS ATTENDING MORGAN STATE UNIVERSITY AND TO PROVIDE FINANCIAL SUPPORT FOR UNIVERSITY PROGRAMS


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
Phyllis C Davis
Secretary
$0
Forest T Harper Jr
Vice Chair
$0
Jacqueline L Lawson
Chair
$0
Craig L Spencer
Treasurer
$0
Stanley W Tucker
Trustee
$0
Dr Melanie L Jackson
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$1,985
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$29,715,625
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$29,717,610
Total Program Service Revenue$0
Investment income $302,614
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $214,667
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $14,542,251

Grants Recieved

Over the last fiscal year, we have identified 45 grants that Morgan State University Foundation Incorporated has recieved totaling $5,129,678.

Awarding OrganizationAmount
Jack Kent Cooke Foundation

Lansdowne, VA

PURPOSE: CURRENT SCHOLARSHIPS AND ENDOWED SCHOLARSHIP FUND

$1,000,000
Goldman Sachs Foundation

New York, NY

PURPOSE: GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSESS INITIATIVE IN THE GREATER BALTIMORE AREA.

$774,676
Goldman Sachs Foundation

New York, NY

PURPOSE: GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSESS INITIATIVE IN THE GREATER BALTIMORE AREA.

$465,808
Goldman Sachs Foundation

New York, NY

PURPOSE: GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE IN BALTIMORE, MD

$387,338
The Tina And Calvin Tyler Family Foundation Inc

Henderson, NV

PURPOSE: TINA TYLER SCHOLARS

$300,000
Henry Luce Foundation Inc

New York, NY

PURPOSE: 4 CBL UNDERGRADUATE STEM SCHOLARSHIPS

$299,688
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$117,242,601
Earnings-$15,390,025
Admin Expense$2,773,210
Net Contributions$10,382,438
Ending Balance$109,461,804

Create an account to unlock the data you need.

or