Overview
What is West Virginia School Of Osteopathic Medicine Foundation Incorporated?
West Virginia School of Osteopathic Medicine Foundation Incorporated, based in Lewisburg, West Virginia, serves as a crucial funding source for the educational institution's students, faculty, and alumni. This nonprofit organization, with a focus on charity contributions and fund management, accomplishes its mission by engaging in various activities. These include soliciting both restricted and unrestricted donations, investing available assets, granting scholarships or funding to qualified individuals within the school, leasing a conference facility on campus, and providing bridge financing loans for students in need. The foundation's purpose is to promote and advance educational and fraternal opportunities within the West Virginia School of Osteopathic Medicine community.
Official website here: www.wvsomfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Stars, 70%)
The West Virginia School of Osteopathic Medicine Foundation Incorporated has received a rating indicating that it needs improvement, with a score of 70%. The foundation demonstrates strong accountability through its independent board structure, which consists entirely of independent members. Additionally, it has a solid program expense ratio of 79.56%, suggesting a commitment to utilizing funds effectively for its mission.
However, the organization faces challenges in financial transparency, as indicated by the lack of financial statements, which contributed to a low score in that area. The liabilities to assets ratio of 86.28% raises concerns about the financial health of the organization, reflecting potential issues that could affect its sustainability. Despite these limitations, the foundation has established sound governance policies, including conflict of interest and whistleblower policies, which are vital for maintaining trust and accountability.
This AI summary has been generated from information found on Charity Navigator.
Is West Virginia School Of Osteopathic Medicine Foundation Incorporated legitimate?
West Virginia School Of Osteopathic Medicine Foundation Incorporated is a legitimate nonprofit organization registered as a 501(c)(3) entity. West Virginia School Of Osteopathic Medicine Foundation Incorporated 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
For more financial information, click here
Official website here: www.wvsomfoundation.org
What is the mission statement of West Virginia School Of Osteopathic Medicine Foundation Incorporated?
The West Virginia School of Osteopathic Medicine Foundation Incorporated serves as an additional funding source for the institution, its faculty, students, and alumni. It accomplishes this by engaging in various principal activities, including soliciting charitable contributions, managing funds, overseeing their distribution, awarding grants or scholarships to qualified individuals, renting out a conference/event facility, and providing bridge financing loans for students in need. The mission statement of the foundation, however, is detailed in Schedule O, which was not provided in the information given. Consequently, a specific mission statement could not be summarized.
Official website here: www.wvsomfoundation.org
Who is the CEO of West Virginia School Of Osteopathic Medicine Foundation Incorporated?
Donette Mizia is the Administrati of West Virginia School Of Osteopathic Medicine Foundation Incorporated.
Official website here: www.wvsomfoundation.org
What is the revenue of West Virginia School Of Osteopathic Medicine Foundation Incorporated?
West Virginia School Of Osteopathic Medicine Foundation Incorporated's revenue in 2023 was $987,080.
Official website here: www.wvsomfoundation.org
Who are the executives of West Virginia School Of Osteopathic Medicine Foundation Incorporated and what are their salaries?
Here are 13 key members and their salaries:
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Official website here: www.wvsomfoundation.org
Where can I find the form 990 for West Virginia School Of Osteopathic Medicine Foundation Incorporated?
West Virginia School Of Osteopathic Medicine Foundation Incorporated's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.wvsomfoundation.org
Learn more at the official website: www.wvsomfoundation.org
Mission Statement of West Virginia School Of Osteopathic Medicine Foundation Incorporated
The West Virginia School of Osteopathic Medicine Foundation Incorporated is dedicated to supporting the West Virginia School of Osteopathic Medicine (WVSOM), its faculty, students, and alumni. It achieves this mission by engaging in several key activities. Firstly, the foundation solicits both restricted and unrestricted charitable contributions. Secondly, it invests available liquid assets. Thirdly, it awards grants or scholarships to qualified students, faculty, or staff of WVSOM. Fourthly, the foundation rents out a conference/event facility located on the WVSOM campus. Lastly, it provides bridge financing loans for students in need. In essence, the West Virginia School of Osteopathic Medicine Foundation Incorporated serves as an additional funding source for the WVSOM community, enhancing educational and fraternal opportunities for its current students, faculty, and alumni.
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Impact
July, 2024
West Virginia School of Osteopathic Medicine Foundation Incorporated serves the WV School of Osteopathic Medicine by providing an additional funding source through fundraising, managing funds, and overseeing the distribution of these funds. Its activities include soliciting charitable contributions, investing liquid assets, awarding grants or scholarships to qualified individuals, renting out a conference/event facility located on the campus of WVSOM, and offering bridge financing loans for students in need. The foundation has promoted and advanced educational and fraternal opportunities for current students, faculty, and alumni of the WV School of Osteopathic Medicine, contributing to the growth and success of the institution.
This information is meant to be a general summary of West Virginia School Of Osteopathic Medicine Foundation Incorporated. 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 2023.
- Investment Income: $57,158
- Program Service Revenue: $46,188
- Gross Receipts: $3,188,419
Assets and Liabilities:
- Total Assets: $54,548,093
- Total Liabilities: $47,067,027
- Net Assets: $7,481,066
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FACILITY RENTAL
Revenue
$46,188
Organization Details
Founding Year
1975
Phone
(304) 647-6374Principal Officer
Donette Mizia
Main Address
400 LEE STREET NORTH, LEWISBURG, WV, 24901
Website
www.wvsomfoundation.orgNTEE Category
Code: B84 - Education
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