JAMES MADISON UNIVERSITY FOUNDATION INC Charity Report

Public IRS 990 nonprofit record

JAMES MADISON UNIVERSITY FOUNDATION INC

EIN 23-7156305 · Education (B820)

What they do

The James Madison University Foundation Provides Prudent Investment Policy and Stewardship to Sustain and Grow Financial Support for The University, While Collaborating With The University to Create Innovative Avenues of Giving and to Meet Critical Funding Initiatives.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $85.20 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders26 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

47.85%of revenue went to mission work85.2% of expenses · Program services

2.51%of revenue went to fundraising4.5% of expenses

$56.18spent for every $100 of revenueRevenue covered expenses this year.

5.82%of revenue went to management and office costs10.4% of expenses

$12.83in assets for every $1 spent this yearSome assets cannot be spent right away.

70.5%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $291,700 for WARREN K COLEMAN (CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$37,668,356

Mission workProgram services$18,023,60247.85% of revenue85.2% of expenses

ManagementOffice and general costs$2,193,6585.82% of revenue10.4% of expenses

FundraisingAsking for donations$946,2782.51% of revenue4.5% of expenses

Revenue left after expensesReported annual surplus$16,504,81843.82% of revenueShown in gray on the chart

Total expenses$21,163,53856.18% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 85.2% mission · 10.4% management · 4.5% fundraisingTotal expenses: 56.18% of revenue

2022Expense mix: 91.8% mission · 6.0% management · 2.2% fundraisingTotal expenses: 98.97% of revenue

2021Expense mix: 91.4% mission · 5.9% management · 2.7% fundraisingTotal expenses: 36.09% of revenue

2020Expense mix: 93.8% mission · 4.5% management · 1.7% fundraisingTotal expenses: 74.24% of revenue

2019Expense mix: 92.8% mission · 5.0% management · 2.2% fundraisingTotal expenses: 85.54% of revenue

2018Expense mix: 90.8% mission · 5.7% management · 3.4% fundraisingTotal expenses: 61.36% of revenue

2017Expense mix: 92.4% mission · 5.6% management · 2.0% fundraisingTotal expenses: 67.59% of revenue

2016Expense mix: 90.3% mission · 6.9% management · 2.8% fundraisingTotal expenses: 52.61% of revenue

Money in and money out

Revenue$37,668,356

Expenses$21,163,538

Annual surplus $16,504,818 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$18,023,602 · 85.2% of expenses

Management and office costs$2,193,658 · 10.4% of expenses

Fundraising$946,278 · 4.5% of expenses

See all reported dollar amounts

Revenue$37,668,356

Expenses$21,163,538

Assets$271,465,754

Income$96,945,512

Contributions$26,564,127

Mission work (program services)$18,023,602

Fundraising$946,278

Grants given$95,422,371

Average grant$7,340,182

Management and general$2,193,658

Stocks and bonds$89,310,233

Accounting fees$23,643

Investing fees$1,077,179

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

WARREN K COLEMANCEO · 45 hrs/week $291,700Base $252,761 · Other $38,939

CHERYL L LINDSAYVICE PRESIDENT/CHIEF FINANCIAL OFFICER · 40 hrs/week $181,178Base $145,695 · Other $35,483

TAMMY KC BALSERSECRETARY, SENIOR ACCTG MANAGER - OPERATIONS · 39 hrs/week $134,869Base $101,218 · Other $33,651

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (26)

WARREN K COLEMANCEO

CHERYL L LINDSAYVICE PRESIDENT/CHIEF FINANCIAL OFFICER

TAMMY KC BALSERSECRETARY, SENIOR ACCTG MANAGER - OPERATIONS

JOHN ALOUFTRUSTEE

A JERRY BENSONTRUSTEE

TOWANA H MOORETRUSTEE, EX-OFFICIO

ROBIN REIFSNIDERTRUSTEE

PAUL M THOMPSONTRUSTEE

OWEN WILSONTRUSTEE

NICHOLAS L LANGRIDGETRUSTEE, EX-OFFICIO

MICHAEL S WALDENTRUSTEE

LINDA W CROSSTRUSTEE

JOSEPH K FUNKHOUSER IITRUSTEE

JON OFFLEYVICE CHAIR

CURTIS PULLIAMTRUSTEE

JENNIFER E SHIRKEYTRUSTEE

JARL BLISSTRUSTEE

JAMES L RILEYTRUSTEE

JAMES E HARTMANTRUSTEE

J BARRY PURCELL IIITRUSTEE

HEATHER HEDRICKTRUSTEE

F CLAIBORNE JOHNSTON IIITRUSTEE

ENRICO GAGLIOTITRUSTEE

ELLEN W MEYERTRUSTEE

DAVID S KAYCHAIR

DARREL BRANCHTRUSTEE

About this charity

Recognized since: January 1972
Location: 1031 Harrison Street MSC 8501, Harrisonburg, VA 22807
County: City of Harrisonburg
In care of: Cheryl Lindsay
Primary officer: Cheryl Lindsay, Vice President/CFO

How to reach them

WebsiteVisit the charity’s website Emailjmuf@jmufoundation.org Phone(540) 568-3187 Officer phone(540) 568-3184

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
NTEE classification: Education (B820)
Grant-giving organization: Yes