Overview
What is William & Mary Business School Foundation?
The William & Mary Business School Foundation is a nonprofit organization committed to supporting the expansion and enhancement of a specific public institution of higher learning: William & Mary Raymond A. Mason School of Business. By providing funding, they contribute to degree-granting academic programs, student research and scholarships, and various other educational resources. The foundation's mission is geared toward improving and advancing the William & Mary business school. Their address is listed as a PO Box in Williamsburg, Virginia (23187).
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Star rating)
The William & Mary Business School Foundation has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. The foundation's overall score is driven by a strong performance in its Accountability & Finance metrics. Notably, it scored perfectly in areas such as board independence, financial oversight, and conflict of interest policies, which reflects a commitment to transparency and ethical governance.
One of the strengths of the organization is its financial health, evidenced by a low liabilities to assets ratio of 0.17%, demonstrating strong financial stability. Additionally, the foundation has a high fundraising efficiency ratio, meaning it effectively utilizes donations for its cause. However, the Program Expense Ratio at 59.76% suggests there may be room for improvement in directing more funds towards programs rather than administrative expenses.
Overall, while the foundation excels in governance and transparency, stakeholders may want to encourage a higher allocation of funds towards program spending to enhance its impact.
This AI summary has been generated from information found on Charity Navigator.
Is William & Mary Business School Foundation legitimate?
William & Mary Business School Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. William & Mary Business School Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $171,353
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,451,432
For more financial information, click here
What is the mission statement of William & Mary Business School Foundation?
The William & Mary Business School Foundation is dedicated to supporting the growth and enhancement of a specific public institution of higher learning. More specifically, it focuses on the Raymond A. Mason School of Business within this academic community. The foundation's mission is to provide essential resources for the expansion and improvement of this institution, with a primary focus on degree-granting academic programs, student research, and educational scholarships. Additionally, it aids in the provision of various material supports that further enrich the learning experience for students.
Who is the CEO of William & Mary Business School Foundation?
Barry Sharp is the Chair of William & Mary Business School Foundation. The CEO's salary of William & Mary Business School Foundation is $0 and their total compensation is $0.
What is the revenue of William & Mary Business School Foundation?
William & Mary Business School Foundation's revenue in 2022 was $25,949,773.
Who are the executives of William & Mary Business School Foundation and what are their salaries?
There 30 volunteers at William & Mary Business School Foundation.
Here are 34 key members and their salaries (William & Mary Business School Foundation's CEO's salary is $0 and their total compensation is $0):
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Where can I find the form 990 for William & Mary Business School Foundation?
William & Mary Business School Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of William & Mary Business School Foundation
The William & Mary Business School Foundation is a philanthropic organization with a mission to enhance and advance a distinguished public institution of higher learning. More specifically, it focuses its efforts on supporting the William & Mary Raymond A. Mason School of Business. Through its initiatives, the Foundation has extended financial assistance to the academic programs at the business school, enabling it to grant degrees and foster research and scholarships for students. The Foundation's contributions also extend beyond academic pursuits, providing crucial material educational support. By providing these resources, the William & Mary Business School Foundation enables the business school to continue its pursuit of excellence and prepare the next generation of business leaders. With its unwavering commitment to higher education, the Foundation plays a vital role in ensuring the William & Mary Raymond A. Mason School of Business remains at the forefront of business education.
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Impact
October, 2024
The William & Mary Business School Foundation significantly bolsters the educational landscape of the Raymond A. Mason School of Business by providing essential support for its academic programs. This foundation enhances degree-granting initiatives and fosters student success through funding for research and scholarships. Additionally, it facilitates various educational resources that enrich the learning environment. By focusing on the expansion and improvement of higher education, particularly within the context of business studies, it plays a pivotal role in cultivating the next generation of business leaders. Located in Williamsburg, Virginia, this foundation is dedicated to ensuring that students receive high-quality education and training, ultimately contributing to the growth and prestige of the institution.
This information is meant to be a general summary of William & Mary Business School Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $6,130,897
- Gross Receipts: $25,949,773
Assets and Liabilities:
- Total Assets: $101,508,365
- Total Liabilities: $300,873
- Net Assets: $101,207,492
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Organization Details
Founding Year
1972
Phone
(757) 221-2294Principal Officer
Barry Sharp
Main Address
PO BOX 2220, WILLIAMSBURG, VA, 23187
NTEE Category
Code: B51I - Education
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