Overview
What is Virtual Enterprises International Inc?
Virtual Enterprises International Inc is a nonprofit organization committed to shaping the future aspirations of high school students. Their primary goal is to help students transition from their graduation milestone to envisioning their potential career paths. By providing real-world learning experiences, the organization aims to equip students with the skills necessary for success in higher education and their professional lives. Virtual Enterprises International Inc collaborates with schools and districts, offering strategies to implement their program effectively, and creating opportunities for students to engage in practical, hands-on activities.
Official website here: www.veinternational.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 94% - Four-Star out of Four Star rating
Virtual Enterprises International Inc has achieved a Four-Star rating from Charity Navigator, reflecting its strong accountability and financial health. The organization scores exceptionally high in various metrics, including 100% independent board members and no material diversion of assets. Its financial ratios indicate a solid program expense ratio of 78.81% and impressive fundraising efficiency at just $0.15 per dollar raised.
User feedback from GreatNonprofits highlights the positive impact Virtual Enterprises has had on individuals, particularly in preparing them for employment. One reviewer expressed that the nonprofit provides unique programs that engage users effectively, underscoring its commitment to serving its community well.
While the organization demonstrates excellent financial management and transparency, the working capital ratio of 0.38 years could indicate a need for improvement in maintaining operational liquidity. Overall, Virtual Enterprises International Inc stands out as a well-rated nonprofit dedicated to providing valuable career preparation services.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Virtual Enterprises International Inc legitimate?
Virtual Enterprises International Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Virtual Enterprises International Inc 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: $626,096
Professional Fundraising Fees: $55,000
Other Salaries and Wages: $1,622,625
For more financial information, click here
Official website here: www.veinternational.org
What is the mission statement of Virtual Enterprises International Inc?
Virtual Enterprises International Inc's mission is centered around providing strategies for schools and school districts to implement the VEI program, thereby offering students opportunities for real-world learning experiences. The organization aims to broaden a student's perspective beyond high school graduation, helping them envision their future aspirations. The primary objective is to empower students with practical experience, thereby preparing them for success in higher education and their future careers.
Official website here: www.veinternational.org
Who is the CEO of Virtual Enterprises International Inc?
Tom Smith is the CEO of Virtual Enterprises International Inc The CEO's salary of Virtual Enterprises International Inc is $0 and their total compensation is $0.
Official website here: www.veinternational.org
What is the revenue of Virtual Enterprises International Inc?
Virtual Enterprises International Inc's revenue in 2024 was $3,925,789.
Official website here: www.veinternational.org
Who are the executives of Virtual Enterprises International Inc and what are their salaries?
The average compensation at Virtual Enterprises International Inc during 2024 was $56,218. There are 40 employees and 917 volunteers at Virtual Enterprises International Inc.
Here are 34 key members and their salaries (Virtual Enterprises International Inc's CEO's salary is $0 and their total compensation is $0):
- Compensation: $140,588
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- Other: $117
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- Compensation: $153,885
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- Other: $11,369
- Compensation: $194,573
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- Other: $15,425
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- Other: $0
- Compensation: $72,474
- Related: $0
- Other: $10,592
- Compensation: $116,692
- Related: $0
- Other: $0
- Compensation: $126,879
- Related: $0
- Other: $117
- Compensation: $118,829
- Related: $0
- Other: $1,827
- Compensation: $114,997
- Related: $0
- Other: $11,369
Official website here: www.veinternational.org
Where can I find the form 990 for Virtual Enterprises International Inc?
Virtual Enterprises International Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.veinternational.org
Learn more at the official website: www.veinternational.org
Mission Statement of Virtual Enterprises International Inc
Virtual Enterprises International Inc is dedicated to assisting schools and school districts in implementing strategies for their VEI program, providing students with opportunities for real-world learning activities. The organization's mission is to inspire students to envision their future beyond high school graduation, equipping them with the necessary skills to thrive in college and their subsequent careers. By offering practical experiences, Virtual Enterprises International Inc aims to empower its students, enabling them to achieve their dreams with confidence.
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Impact
October, 2024
Virtual Enterprises International Inc significantly influences the educational landscape by providing schools and districts with essential strategies to implement the VEI program, which focuses on real-world learning opportunities for students. The organization aims to expand students' perspectives beyond high school graduation, encouraging them to envision their future goals and aspirations.
Through its initiatives, Virtual Enterprises empowers students with hands-on experiences that are crucial for developing the skills needed to thrive in college and various career paths. By simulating real-world business environments, the program equips students with practical knowledge, fostering a deeper understanding of the professional world. This experiential learning approach not only prepares students for higher education but also enhances their employability, ultimately contributing to their success in future endeavors.
The impact of Virtual Enterprises International Inc extends beyond individual student growth, influencing educational institutions to adopt innovative teaching methodologies that prioritize experiential learning and career readiness. In doing so, it plays a pivotal role in shaping a more dynamic and responsive education system that aligns with the demands of the modern workforce.
This information is meant to be a general summary of Virtual Enterprises International Inc. 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 2024.
- Investment Income: $16,704
- Program Service Revenue: $1,878,139
- Gross Receipts: $4,127,057
Assets and Liabilities:
- Total Assets: $2,351,223
- Total Liabilities: $295,234
- Net Assets: $2,055,989
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBER PARTICIPATION
Revenue
$1,878,139
Organization Details
Founding Year
2010
Principal Officer
Mary Haggerty
Website
www.veinternational.orgNTEE Category
Code: B90 - Education
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