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MAGDALENE COLLEGE FOUNDATION

GuideStar Charity Check

MAGDALENE COLLEGE FOUNDATION

EIN: 46-1874309


Mission

To support education.

Ruling year info

2013

President

Mr. Robert Chartener

Main address

324 Grove Street

Worcester, MA 01605 USA

Show more contact info

EIN

46-1874309

Subject area info

Education

Population served info

Academics

Students

NTEE code info

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

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Our programs

SOURCE: Self-reported by organization

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.

Population(s) Served
Students
Academics

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.

Population(s) Served
Students
Academics

Where we work

Our results

SOURCE: Self-reported by organization

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

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

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

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

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.

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.

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.

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

MAGDALENE COLLEGE FOUNDATION
Fiscal year: Jan 01 - Dec 31

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

0.00

Average of 0.00 over 9 years

Months of cash in 2022 info

SOURCE: IRS Form 990

0.2

Average of 0.2 over 9 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

0%

Average of 0% over 9 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

MAGDALENE COLLEGE FOUNDATION

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

MAGDALENE COLLEGE FOUNDATION

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

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 ending: cloud_download Download Data

MAGDALENE COLLEGE FOUNDATION

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

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.

Created in partnership with

Business model indicators

Profitability info 2018 2019 2020 2021 2022
Unrestricted surplus (deficit) before depreciation -$1,132 -$45,324 -$221,503 -$12,031 $24,096
As % of expenses -0.1% -7.7% -16.2% -2.0% 1.7%
Unrestricted surplus (deficit) after depreciation -$1,132 -$45,324 -$221,503 -$12,031 $24,096
As % of expenses -0.1% -7.7% -16.2% -2.0% 1.7%
Revenue composition info
Total revenue (unrestricted & restricted) $1,370,328 $546,939 $1,147,409 $577,549 $1,475,777
Total revenue, % change over prior year 19.7% -60.1% 109.8% -49.7% 155.5%
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% 0.1% 0.0% 0.0% 0.0%
Government grants 0.0% 0.0% 0.0% 0.0% 0.0%
All other grants and contributions 99.8% 100.0% 100.0% 100.0% 100.0%
Other revenue 0.2% -0.1% 0.0% 0.0% 0.0%
Expense composition info
Total expenses before depreciation $1,371,460 $592,263 $1,368,912 $589,580 $1,451,681
Total expenses, % change over prior year 33.0% -56.8% 131.1% -56.9% 146.2%
Personnel 0.0% 0.0% 0.0% 0.0% 0.0%
Professional fees 0.5% 0.1% 0.2% 1.3% 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 99.3% 98.7% 99.3% 98.0% 99.5%
All other expenses 0.3% 1.2% 0.4% 0.7% 0.3%
Full cost components (estimated) info 2018 2019 2020 2021 2022
Total expenses (after depreciation) $1,371,460 $592,263 $1,368,912 $589,580 $1,451,681
One month of savings $114,288 $49,355 $114,076 $49,132 $120,973
Debt principal payment $0 $0 $0 $0 $0
Fixed asset additions $0 $0 $0 $0 $0
Total full costs (estimated) $1,485,748 $641,618 $1,482,988 $638,712 $1,572,654

Capital structure indicators

Liquidity info 2018 2019 2020 2021 2022
Months of cash 0.0 0.2 0.1 0.0 0.2
Months of cash and investments 0.0 0.2 0.1 0.0 0.2
Months of estimated liquid unrestricted net assets 2.5 4.8 0.1 0.0 0.2
Balance sheet composition info 2018 2019 2020 2021 2022
Cash $2,128 $8,589 $13,526 $1,495 $25,591
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 $280,353 $235,029 $13,526 $1,495 $25,591
Temporarily restricted net assets $0 N/A N/A N/A N/A
Permanently restricted net assets $0 N/A N/A N/A N/A
Total restricted net assets $0 $0 $0 $0 $0
Total net assets $280,353 $235,029 $13,526 $1,495 $25,591

Key data checks

Key data checks info 2018 2019 2020 2021 2022
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Form 1023/1024 is not available for this organization

President

Mr. Robert Chartener

Number of employees

Source: IRS Form 990

MAGDALENE COLLEGE FOUNDATION

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
Related
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Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

MAGDALENE COLLEGE FOUNDATION

Board of directors
as of 03/25/2024
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Mr. Robert Chartener

David Brigstocke

Jason Hafler

Geoffrey Craddock

Graham Walker

Suzanna Jemsby

Organizational demographics

SOURCE: Self-reported; last updated 1/5/2021

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
Decline to state
Sexual orientation
Decline to state
Disability status
Decline to state

Race & ethnicity

No data

Gender identity

No data

Transgender Identity

No data

Sexual orientation

No data

Disability

No data