University of Massachusetts Foundation Inc

Overview

Mission

The mission of the university of Massachusetts foundation, inc. Is to foster and promote the growth, progress and general welfare of the university of Massachusetts as stated in the original 1950 articles of organization. The foundation receives, invests and disburses private & public gifts for the benefit of the university of Massachusetts and its educational mission.

What it reported doing in 2024

The university of Massachusetts foundation, inc. Invests funds for the benefit of the university of Massachusetts and to promote the general welfare of higher education in the commonwealth of Massachusetts. The foundation's support includes but is not limited to scholarship and education programs and general program support.

Operating model

Revenue model
Donor-supported. 80% of the money available for current operations came from contributions.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

Nonprofit profile at a glance

EIN
046013152
IRS 990 coverage
2012–2024
Forms available
Form 990 2024, Form 990-T 2024
Headquarters
Newton, MA, USA
Rating
72
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Education

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The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and the filing reports few safeguards for money sent abroad.

Rating breakdown

  • Financial Efficiency: 50
  • Transparency & Controls: 78
  • Accountability: 100
  • Sustainability: 80
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 39.3%; rating input score 39
  • Program expense ratio: 61.1%; rating input score 61
  • Fundraising efficiency: $35.02 raised per $1 spent on fundraising; rating input score 68; 68th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 94.7%; rating input score 95; 39th percentile among comparable filings
  • Pay-setting controls: 5 of 6 controls in place; rating input score 83
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited
  • Public monitoring controls: Limited
  • Public policy transparency: Limited
  • Public financial transparency: Limited
  • Impact reporting controls: Limited
  • Public relationship transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 76th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
  • Public governance controls: Limited
  • Zakat policy transparency: Limited

Sustainability

  • Operating margin: 69.5%; rating input score 98; 98th percentile among comparable filings
  • Operating reserve ratio: 53.11; rating input score 99; 99th percentile among comparable filings
  • Liabilities to assets ratio: 0.45; rating input score 40; 40th percentile among comparable filings
  • Officer compensation ratio: 12.1%; rating input score 2; 2nd percentile among comparable filings

Growth

  • Program expense growth: 7.1% per year; rating input score 100; 58th percentile among comparable filings
  • Revenue growth: 13% per year; rating input score 100; 85th percentile among comparable filings
  • Asset growth: 14.9% per year; rating input score 100; 86th percentile among comparable filings

Details

  • Where the money goes: 39.3% of revenue deployed · 61.1% of spending went to programs
  • Governance: 15 of 15 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $32.2M in reported program spending
  • Leadership: top reported pay $1.8M · 27 people listed · 5 of 6 pay-setting controls reported
  • Consistency: 39 of 41 current checks pass · 2 findings to review
  • Schedules: 11 filed schedules · includes major donors, foreign activity, grants, and executive pay
  • Filing history: 13 annual filings from 2012 to 2024
  • Money network: 13 filed money-flow records
  • Related organizations: 2 filed related-organization links