Overview
What is Virginia Baptist Collegiate Ministries Alumni Association?
The Virginia Baptist Collegiate Ministries Alumni Association (VBCMAA) is a nonprofit organization dedicated to supporting, enhancing, and promoting the charitable, religious, and educational activities of Baptist Collegiate Ministries (BCM) in various Virginia colleges, universities, and institutions of higher education. Its mission involves establishing active alumni groups at BCMs that currently lack them. VBCMAA serves as a platform for leadership, coordination of events, and educational activities for BCM alumni groups in Virginia. By doing so, it aims to strengthen the BCM community and contribute to its charitable, religious, and educational endeavors.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71% (Two-Star out of Four Star rating)
The Virginia Baptist Collegiate Ministries Alumni Association has received a two-star rating from Charity Navigator, indicating that while it shows some strengths, there are significant areas that require improvement. The organization boasts a strong program expense ratio of 97.21%, demonstrating a commitment to allocating funds toward its mission. Additionally, the board is composed entirely of independent members, which is a positive aspect concerning governance.
However, the organization faced criticism for its lack of transparency, notably reflected in the absence of financial statements and missing documentation such as tax forms on its website. These omissions resulted in low scores in accountability and finance categories, which can affect stakeholder trust and confidence. Furthermore, the lack of a whistleblower and document retention policy raises concerns about operational protocols.
While the alumni association is performing well in some financial aspects, the overall two-star rating suggests that enhancing transparency and governance practices could significantly benefit the organization and its stakeholders in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Virginia Baptist Collegiate Ministries Alumni Association legitimate?
Virginia Baptist Collegiate Ministries Alumni Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Virginia Baptist Collegiate Ministries Alumni Association 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Virginia Baptist Collegiate Ministries Alumni Association?
The Virginia Baptist Collegiate Ministries Alumni Association (VBCMAA) is established with the goal of establishing active alumni groups at Baptist Collegiate Ministries that currently do not exist in various Virginia colleges, universities, and higher education institutions. VBCMAA, as a charitable, religious, and educational organization, aims to support, enhance, and further the activities of these Baptist Collegiate Ministries. The association also supports other charitable, religious, and educational purposes, including distributing funds to organizations that qualify as exempt organizations under Section 501(C)(3) of the Internal Revenue Code.
Who is the CEO of Virginia Baptist Collegiate Ministries Alumni Association?
Preston Jones is the President of Virginia Baptist Collegiate Ministries Alumni Association.
What is the revenue of Virginia Baptist Collegiate Ministries Alumni Association?
Virginia Baptist Collegiate Ministries Alumni Association's revenue in 2022 was $668,248.
Who are the executives of Virginia Baptist Collegiate Ministries Alumni Association and what are their salaries?
Here are 3 key members and their salaries:
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Where can I find the form 990 for Virginia Baptist Collegiate Ministries Alumni Association?
Virginia Baptist Collegiate Ministries Alumni Association's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Virginia Baptist Collegiate Ministries Alumni Association
Virginia Baptist Collegiate Ministries Alumni Association (VBCMAA) is established with the primary objective of bolstering and enhancing the charitable, religious, and educational activities of Baptist Collegiate Ministries at various institutions of higher education in Virginia. The association aims to establish active alumni groups at Baptist Collegiate Ministries that currently do not exist, contributing to their development and growth. VBCMAA also supports such charitable, religious, and educational purposes, including making distributions to organizations that qualify as exempt organizations under Section 501(C)(3) of the Internal Revenue Code.
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Impact
July, 2024
The Virginia Baptist Collegiate Ministries Alumni Association's impact lies in establishing active alumni groups at Baptist Collegiate Ministries of Virginia colleges, universities, and other institutions of higher education where these groups don't currently exist. By providing leadership, coordinating events, and offering educational activities for these alumni groups, the association contributes to supporting, enhancing, and furthering the charitable, religious, and educational activities of the Baptist Collegiate Ministries themselves. This effort promotes a sense of community among alumni, fosters ongoing engagement with the institutions, and helps uphold the values and missions of the Baptist Collegiate Ministries in Virginia.
This information is meant to be a general summary of Virginia Baptist Collegiate Ministries Alumni Association. 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: $35,265
- Gross Receipts: $683,911
Assets and Liabilities:
- Total Assets: $1,792,095
- Total Liabilities: $0
- Net Assets: $1,792,095
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Organization Details
Founding Year
2015
Phone
(804) 672-8862Principal Officer
Preston Jones
Main Address
2828 EMERYWOOD PARKWAY, RICHMOND, VA, 23294
NTEE Category
Code: B99 - Education
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