Overview
What is Vmi Keydet Club?
The Vmi Keydet Club is a nonprofit organization with a mission to support, strengthen, and develop the intercollegiate athletic program at Virginia Military Institute (VMI). Based in Lexington, Virginia, the organization's primary focus is on athletic scholarships. With just three employees, they dedicate their efforts to this cause (total_employees: 3). The Vmi Keydet Club's purpose extends beyond financial support, as they aim to enhance the athletic program at VMI.
Official website here: www.vmialumni.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 95% (Four-Star out of Four Star rating)
The VMI Keydet Club has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong accountability and financial practices. The organization demonstrates excellence in governance with a fully independent board and effective oversight, which is crucial for donor trust. With an overall score based solely on accountability and finance, it stands out for its transparency in operations and financial management.
Key strengths include an impressive program expense ratio of 80.45%, indicating that a significant portion of its funds directly supports its mission. The club also showcases exceptional fundraising efficiency, with only $0.04 spent to raise a dollar, highlighting its ability to maximize donor contributions. Additionally, it has a robust working capital ratio of 13.34 years, suggesting financial stability and sustainability.
There are no noted limitations in the available data, which reinforces the organization's positive standing. The presence of comprehensive policies, such as conflict of interest and whistleblower protections, further illustrates its commitment to ethical practices. Overall, the VMI Keydet Club is well-regarded for its sound financial health and governance, making it a trustworthy option for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Vmi Keydet Club legitimate?
Vmi Keydet Club is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vmi Keydet Club 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: $142,141
Professional Fundraising Fees: $0
Other Salaries and Wages: $70,653
For more financial information, click here
Official website here: www.vmialumni.org
What is the mission statement of Vmi Keydet Club?
The Vmi Keydet Club is dedicated to enhancing and enhancing the intercollegiate athletic program at Virginia Military Institute. Its mission is centered around providing support and fostering development within this arena. The primary focus of the Vmi Keydet Club is to grant athletic scholarships and contribute to Virginia Military Institute's athletic initiatives. By doing so, the organization plays a crucial role in nurturing student-athletes and ultimately strengthening the institution's athletic program.
Official website here: www.vmialumni.org
Who is the CEO of Vmi Keydet Club?
Crissy S Elliott is the Immediate Past President of Vmi Keydet Club. The CEO's salary of Vmi Keydet Club is $0 and their total compensation is $300,445.
Official website here: www.vmialumni.org
What is the revenue of Vmi Keydet Club?
Vmi Keydet Club's revenue in 2023 was $12,099,526.
Official website here: www.vmialumni.org
Who are the executives of Vmi Keydet Club and what are their salaries?
The average compensation at Vmi Keydet Club during 2023 was $70,931. There are 3 employees at Vmi Keydet Club.
Here are 32 key members and their salaries (Vmi Keydet Club's CEO's salary is $0 and their total compensation is $300,445):
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- Related: $287,005
- Other: $13,440
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- Other: $29,573
- Compensation: $120,642
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- Other: $15,775
Official website here: www.vmialumni.org
Where can I find the form 990 for Vmi Keydet Club?
Vmi Keydet Club's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.vmialumni.org
Learn more at the official website: www.vmialumni.org
Mission Statement of Vmi Keydet Club
The Vmi Keydet Club is a dedicated organization with a mission to bolster and enhance the intercollegiate athletic program at Virginia Military Institute (VMI). Established with the purpose of providing support, the Vmi Keydet Club plays a significant role in the development and strengthening of VMI's athletic initiatives.
In more detail, this nonprofit organization is committed to contributing scholarships and other forms of assistance to the student-athletes at Virginia Military Institute. Through their unwavering dedication, the Vmi Keydet Club aims to elevate the athletic program and ensure its continued success. This mission is pivotal in fostering a strong sense of community and spirit around VMI's athletic teams.
Additionally, the Vmi Keydet Club's efforts extend beyond financial support. The organization is a vital partner in championing the academic, physical, and personal growth of the student-athletes. By providing resources, encouragement, and opportunities for development, the Vmi Keydet Club empowers these individuals to excel both on and off the field.
Through their unyielding commitment and support, the Vmi Keydet Club fosters a positive and thriving athletic community at Virginia Military Institute. The organization's mission is a testament to its belief in the importance of athletics in the overall college experience and its dedication to nurturing the potential of VMI's student-athletes.
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Impact
October, 2024
The VMI Keydet Club significantly enhances the intercollegiate athletic program at Virginia Military Institute (VMI) by providing essential financial support for athletic scholarships and resources. This impact not only helps to attract and retain talented student-athletes but also fosters a culture of excellence and teamwork within the VMI community. By strengthening the athletic program, the Keydet Club plays a crucial role in promoting physical fitness, leadership skills, and overall personal development among cadets. The club's efforts contribute to a vibrant athletic culture that enriches the educational experience and builds a strong sense of camaraderie among cadets, alumni, and supporters in Lexington, Virginia. Ultimately, the VMI Keydet Club's work empowers student-athletes to excel both on the field and in their academic pursuits.
This information is meant to be a general summary of Vmi Keydet Club. 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: $2,241,031
- Gross Receipts: $12,099,526
Assets and Liabilities:
- Total Assets: $105,473,521
- Total Liabilities: $7,393,931
- Net Assets: $98,079,590
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Organization Details
Founding Year
1973
Phone
(540) 464-7383Principal Officer
Crissy S Elliott
Main Address
PO BOX 932, LEXINGTON, VA, 24450
Website
www.vmialumni.orgNTEE Category
Code: B11 - Education
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