MAGDALENE COLLEGE FOUNDATION
MAGDALENE COLLEGE FOUNDATION
EIN: 46-1874309
Mission
To support education.
Ruling year
2013
President
Mr. Robert Chartener
Main address
324 Grove Street
Worcester, MA 01605 USA
EIN
46-1874309
Education
Population served
Academics
Students
NTEE code
Single Organization Support (B11)
IRS subsection
501(c)(3) Public Charity
IRS filing requirement
This organization is required to file an IRS Form 990 or 990-EZ.
Tax forms
Communication
Programs and results
What we aim to solve
Our programs
What are the organization's current programs, how do they measure success, and who do the programs serve?
New library at Magdalene College
A significant enhancement to the College estate, the goal is to build a high-quality, durable, and environmentally sustainable building that will significantly enhance the College's facilities. The new building floor area will offer three times more space than in the current College Library, and a new Archive Centre will provide space for the College's collection of archival documents and will include a work room for students, researchers, and historic archivists.
Pepys Library at Magdalene College
This project involves the restoration and reconfiguration of the ground floor of the Grade I listed Pepys Building. The newly available space will offer great opportunities to the College, and the scope of the project will be developed in detail once the build of the new College Library is underway.
Where we work
External reviews
Photos
Videos
Our results
How does this organization measure their results? It's a hard question but an important one.
Percentage of the graduating cohort at Magdalene College achieving a 2.1 class of degree or better
This metric is no longer tracked.Totals By Year
Population(s) Served
Students
Type of Metric
Outcome - describing the effects on people or issues
Direction of Success
Holding steady
Magdalene College's ranking in the Tompkins Table
This metric is no longer tracked.Totals By Year
Population(s) Served
Students
Type of Metric
Outcome - describing the effects on people or issues
Direction of Success
Increasing
Books added (at cost in pounds sterling) to Magdalene College's libraries
This metric is no longer tracked.Totals By Year
Population(s) Served
Academics, Students
Related Program
New library at Magdalene College
Type of Metric
Output - describing our activities and reach
Direction of Success
Increasing
Cumulative dollar amount of grants awarded
This metric is no longer tracked.Totals By Year
Population(s) Served
Academics, Students
Type of Metric
Output - describing our activities and reach
Direction of Success
Increasing
Context Notes
Cumulative grants in USD to Magdalene College in the University of Cambridge
Our Sustainable Development Goals
Learn more about Sustainable Development Goals.
Goals & Strategy
Learn about the organization's key goals, strategies, capabilities, and progress.
Charting impact
Four powerful questions that require reflection about what really matters - results.
What is the organization aiming to accomplish?
The organization was formed by a group of people who studied at Magdalene College in the University of Cambridge who wish to help as many students as possible have access to the type and quality of education that they received at that university.
What are the organization's key strategies for making this happen?
The Magdalene College Foundation considers programs that fulfill its mission. These could include the creation and implementation of a teaching program, funding research or publications that will have wide distribution, or outreach programs to support students. The Foundation is interested in Magdalene College because its programs are unique and highly regarded, but it is not limited to funding any such programs nor is it obligated to do so.
What are the organization's capabilities for doing this?
The Magdalene College Foundation is managed and controlled by an independent Board of Directors. The Board meets in person or by teleconference at least three times per year. The Board undertakes due diligence to ensure that funds will be used as specified under the terms of each grant.
What have they accomplished so far and what's next?
To date, the Magdalene College Foundation has made grants to Magdalene College in the University of Cambridge totaling over $7.1 million. These grants have supported student bursaries and scholarships, libraries, fellowships, teaching, research, and other educational projects.
Financials
Revenue vs. expenses: breakdown
Liquidity in 2020 info
0.00
Months of cash in 2020 info
0.1
Fringe rate in 2020 info
0%
Funding sources info
Assets & liabilities info
MAGDALENE COLLEGE FOUNDATION
Revenue & expensesFiscal Year: Jan 01 - Dec 31
SOURCE: IRS Form 990
MAGDALENE COLLEGE FOUNDATION
Balance sheetFiscal Year: Jan 01 - Dec 31
SOURCE: IRS Form 990
The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.
Fiscal Year: Jan 01 - Dec 31
SOURCE: IRS Form 990
This snapshot of MAGDALENE COLLEGE FOUNDATION’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.
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Business model indicators
| Profitability info | 2016 | 2017 | 2018 | 2019 | 2020 |
|---|---|---|---|---|---|
| Unrestricted surplus (deficit) before depreciation | $163,696 | $114,302 | -$1,132 | -$45,324 | -$221,503 |
| As % of expenses | 148.9% | 11.1% | -0.1% | -7.7% | -16.2% |
| Unrestricted surplus (deficit) after depreciation | $163,696 | $114,302 | -$1,132 | -$45,324 | -$221,503 |
| As % of expenses | 148.9% | 11.1% | -0.1% | -7.7% | -16.2% |
| Revenue composition info | |||||
|---|---|---|---|---|---|
| Total revenue (unrestricted & restricted) | $273,660 | $1,145,201 | $1,370,328 | $546,939 | $1,147,409 |
| Total revenue, % change over prior year | 4.4% | 318.5% | 19.7% | -60.1% | 109.8% |
| Program services revenue | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Membership dues | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Investment income | 0.0% | 0.0% | 0.0% | 0.1% | 0.0% |
| Government grants | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| All other grants and contributions | 98.6% | 99.0% | 99.8% | 100.0% | 100.0% |
| Other revenue | 1.4% | 1.0% | 0.2% | -0.1% | 0.0% |
| Expense composition info | |||||
|---|---|---|---|---|---|
| Total expenses before depreciation | $109,965 | $1,030,899 | $1,371,460 | $592,263 | $1,368,912 |
| Total expenses, % change over prior year | -58.2% | 837.5% | 33.0% | -56.8% | 131.1% |
| Personnel | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Professional fees | 0.0% | 0.7% | 0.5% | 0.1% | 0.2% |
| Occupancy | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Interest | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Pass-through | 98.6% | 99.2% | 99.3% | 98.7% | 99.3% |
| All other expenses | 1.4% | 0.2% | 0.3% | 1.2% | 0.4% |
| Full cost components (estimated) info | 2016 | 2017 | 2018 | 2019 | 2020 |
|---|---|---|---|---|---|
| Total expenses (after depreciation) | $109,965 | $1,030,899 | $1,371,460 | $592,263 | $1,368,912 |
| One month of savings | $9,164 | $85,908 | $114,288 | $49,355 | $114,076 |
| Debt principal payment | $0 | $0 | $0 | $0 | $0 |
| Fixed asset additions | $0 | $0 | $0 | $0 | $0 |
| Total full costs (estimated) | $119,129 | $1,116,807 | $1,485,748 | $641,618 | $1,482,988 |
Capital structure indicators
| Liquidity info | 2016 | 2017 | 2018 | 2019 | 2020 |
|---|---|---|---|---|---|
| Months of cash | 0.5 | 0.1 | 0.0 | 0.2 | 0.1 |
| Months of cash and investments | 0.5 | 0.1 | 0.0 | 0.2 | 0.1 |
| Months of estimated liquid unrestricted net assets | 18.2 | 3.3 | 2.5 | 4.8 | 0.1 |
| Balance sheet composition info | 2016 | 2017 | 2018 | 2019 | 2020 |
|---|---|---|---|---|---|
| Cash | $4,964 | $6,355 | $2,128 | $8,589 | $13,526 |
| Investments | $0 | $0 | $0 | $0 | $0 |
| Receivables | $0 | $0 | $0 | $0 | $0 |
| Gross land, buildings, equipment (LBE) | $0 | $0 | $0 | $0 | $0 |
| Accumulated depreciation (as a % of LBE) | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Liabilities (as a % of assets) | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Unrestricted net assets | $167,183 | $281,485 | $280,353 | $235,029 | $13,526 |
| Temporarily restricted net assets | $0 | $0 | $0 | N/A | N/A |
| Permanently restricted net assets | $0 | $0 | $0 | N/A | N/A |
| Total restricted net assets | $0 | $0 | $0 | $0 | $0 |
| Total net assets | $167,183 | $281,485 | $280,353 | $235,029 | $13,526 |
Key data checks
| Key data checks info | 2016 | 2017 | 2018 | 2019 | 2020 |
|---|---|---|---|---|---|
| Material data errors | No | No | No | No | No |
Operations
The people, governance practices, and partners that make the organization tick.
Documents
President
Mr. Robert Chartener
Number of employees
Source: IRS Form 990
MAGDALENE COLLEGE FOUNDATION
Officers, directors, trustees, and key employeesSOURCE: IRS Form 990
Compensation data
There are no highest paid employees recorded for this organization.
MAGDALENE COLLEGE FOUNDATION
Board of directorsas of 02/07/2023
Board of directors data
Mr. Robert Chartener
David Brigstocke
Jason Hafler
Geoffrey Craddock
Graham Walker
Suzanna Jemsby
Organizational demographics
Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.
Leadership
The organization's leader identifies as:
Race & ethnicity
No data
Gender identity
No data
No data
Sexual orientation
No data
Disability
No data
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- Contractor and/or Paid Preparer data for 2020, 2019, 2018
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