Mc Neese State University Foundation

Organization Overview

Mc Neese State University Foundation is located in Lake Charles, LA. The organization was established in 1965. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Mc Neese State 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, Mc Neese State University Foundation generated $15.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $8.8m during the year ending 06/2022. 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

THE MISSION OF THE MSU FOUNDATION IS TO COLLECT AND ADMINISTER PRIVATE FINANCIAL SUPPORT FOR MSU TO PROVIDE SCHOLARSHIPS AND PROFESSORSHIPS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

GRANTS PAID TO BENEFIT MCNEESE STATE UNIVERSITY ARE FOR PROJECTS SPECIFIED BY DONORS.


DEDICATED SCHOLARSHIPS AND FRESHMAN AWARDS PROVIDED SCHOLARSHIPS TO QUALIFIED STUDENTS BASED ON RECOMMENDATIONS OF THE UNIVERSITY.


FACULTY AWARDS ARE PROVIDED TO FACULTY FOR OUTSTANDING ACHIEVEMENTS.


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Board, Officers & Key Employees

Name (title)Compensation
Judy Fuller
Secretary
$0
Dale W Ferdinandsen II
President
$0
William E Rose
Treasurer
$0
Angela Queenan
Vice President
$0
Dr Eric Sanders
Board Member
$0
Willie Mount
Board Member
$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$10,418,062
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$10,418,062
Total Program Service Revenue$0
Investment income $3,371,834
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $2,024,133
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $15,814,029

Grants Recieved

Over the last fiscal year, we have identified 21 grants that Mc Neese State University Foundation has recieved totaling $491,611.

Awarding OrganizationAmount
Community Foundation Of Southwest Louisiana

Lake Charles, LA

PURPOSE: GENERAL SUPPORT

$149,300
Halliburton Foundation Inc

Houston, TX

PURPOSE: EDUCATION

$56,250
Fanny Edith Winn Educational Tr

Crowley, LA

PURPOSE: UNRESTRICTED

$51,000
Contractors Educational Trust Fund

Baton Rouge, LA

PURPOSE: FUNDS ARE USED FOR SCHOLARSHIPS

$50,000
United Way Of Southwest Louisiana Inc

Lake Charles, LA

PURPOSE: To support program funded by UW

$43,894
Ochsner Clinic Foundation

New Orleans, LA

PURPOSE: GENERAL ASSISTANCE

$42,500
View Grant Recipient Profile

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