Overview
What is Virginia Peninsula Community College Educational Foundation?
The Virginia Peninsula Community College Educational Foundation is a nonprofit organization located at 525 Butler Farm Road Suite 725, Hampton, VA 23666. Its primary mission is to support Virginia Peninsula Community College by providing funds for grants, scholarships, and emergency assistance to students attending the college. This private, non-profit organization is committed to promoting the general welfare of the college and enhancing access to higher educational opportunities by reducing financial barriers for students. Through its initiatives, the foundation aims to advance and financially support educational excellence at Virginia Peninsula Community College.
Official website here: www.vpcc.edu/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating.
The Virginia Peninsula Community College Educational Foundation has received a Three-Star rating from Charity Navigator, indicating a solid level of financial health and accountability. The overall score is based on a comprehensive evaluation, with a strong emphasis on accountability and finance, which it excels in, achieving full points in several key areas such as independent board membership and the presence of essential policies like conflict of interest and whistleblower protections.
Strengths of the organization include a high percentage of independent board members and a sound financial oversight system, demonstrated by the lack of material diversion of assets and a low liabilities-to-assets ratio. The foundation is committed to transparency, as evidenced by its well-documented practices, including the availability of board meeting minutes and a listed website on its tax form.
However, the program expense ratio stands at 53.77%, which may suggest that less than half of its expenditures are directed toward its programs. This lower score in program spending may be a limitation for potential donors who prioritize direct program impact. Overall, while the organization shows significant strengths in governance and accountability, there is room for improvement in directing more funds toward its core mission.
This AI summary has been generated from information found on Charity Navigator.
Is Virginia Peninsula Community College Educational Foundation legitimate?
Virginia Peninsula Community College Educational Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Virginia Peninsula Community College Educational 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $263,796
For more financial information, click here
Official website here: www.vpcc.edu/foundation
What is the mission statement of Virginia Peninsula Community College Educational Foundation?
The Virginia Peninsula Community College Educational Foundation is a non-profit organization with a mission to enhance the welfare of Virginia Peninsula Community College. It aims to advance and financially support educational excellence at the college, reducing financial barriers for students to access higher educational opportunities. This foundation is dedicated to promoting accessibility to quality education, thereby contributing to the overall growth and development of the institution. The foundation's activities primarily focus on fostering educational excellence and making higher education more accessible for students at Virginia Peninsula Community College.
Official website here: www.vpcc.edu/foundation
Who is the CEO of Virginia Peninsula Community College Educational Foundation?
Tracy Ashley is the Foundation S of Virginia Peninsula Community College Educational Foundation.
Official website here: www.vpcc.edu/foundation
What is the revenue of Virginia Peninsula Community College Educational Foundation?
Virginia Peninsula Community College Educational Foundation's revenue in 2023 was $1,346,030.
Official website here: www.vpcc.edu/foundation
Who are the executives of Virginia Peninsula Community College Educational Foundation and what are their salaries?
There 46 volunteers at Virginia Peninsula Community College Educational Foundation.
Here are 20 key members and their salaries:
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- Other: $27,588
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- Other: $28,188
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Official website here: www.vpcc.edu/foundation
Where can I find the form 990 for Virginia Peninsula Community College Educational Foundation?
Virginia Peninsula Community College Educational Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.vpcc.edu/foundation
Learn more at the official website: www.vpcc.edu/foundation
Mission Statement of Virginia Peninsula Community College Educational Foundation
The Virginia Peninsula Community College Educational Foundation is a non-profit organization, operating on a tax-exempt basis, that is committed to promoting the general welfare of Virginia Peninsula Community College. Its primary mission is to advance and financially support educational excellence at the college. The foundation aims to enhance access to higher educational opportunities at Virginia Peninsula Community College by reducing financial barriers for its students. By doing so, the foundation contributes significantly to the broader goal of fostering a well-educated community.
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Impact
July, 2024
The Virginia Peninsula Community College Educational Foundation has a significant impact on the students and educational community at Virginia Peninsula Community College. It provides essential funds for grants, scholarships, and emergency assistance to students attending the college, thereby reducing financial barriers and enhancing access to higher educational opportunities. Through its support, the foundation contributes to the advancement of educational excellence at Virginia Peninsula Community College and promotes the general welfare of the institution and its students.
This information is meant to be a general summary of Virginia Peninsula Community College Educational 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 2023.
- Investment Income: $680,837
- Gross Receipts: $2,639,057
Assets and Liabilities:
- Total Assets: $11,943,791
- Total Liabilities: $149,402
- Net Assets: $11,794,389
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Organization Details
Founding Year
1979
Phone
(757) 825-3547Principal Officer
Tracy Ashley
Main Address
525 BUTLER FARM ROAD SUITE 725, HAMPTON, VA, 23666
Website
www.vpcc.edu/foundationNTEE Category
Code: B110 - Education
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