Overview
What is Virginia Tech Alumni Association?
The Virginia Tech Alumni Association is a nonprofit organization situated in Blacksburg, Virginia. Based at the Holtzman Alumni Center, their primary mission is to support the activities of Virginia Polytechnic Institute and State University, more commonly known as Virginia Tech. To achieve this, they transfer funds to the Alumni Association's operating budget within the university, allowing them to carry out various programs and initiatives. The association's efforts are geared towards enhancing the university's overall operations and impact.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Stars)
The Virginia Tech Alumni Association has earned a Three-Star rating from Charity Navigator, indicating a strong performance in accountability and finance. The overall score is based entirely on a single beacon score, with the organization achieving an impressive score of 87% for fiscal year 2023. This rating reflects a commitment to transparency and effective management of financial resources.
Strengths of the Virginia Tech Alumni Association include having a fully independent board with 31 members, which demonstrates a commitment to governance. The organization has effectively maintained a 0.00% liabilities to assets ratio, showcasing its financial stability. Additionally, the association has a strong program expense ratio of 77.70%, indicating that a significant portion of its resources is directed towards its mission-related activities.
While the data highlights many strengths, the rating is derived solely from accountability and finance metrics, which may not capture the full scope of the organization's impact or effectiveness in achieving its mission. However, the presence of documented policies and transparent practices suggests a well-managed organization committed to its alumni community.
This AI summary has been generated from information found on Charity Navigator.
Is Virginia Tech Alumni Association legitimate?
Virginia Tech Alumni Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Virginia Tech 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.
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What is the mission statement of Virginia Tech Alumni Association?
The Virginia Tech Alumni Association's mission is centered around supporting the activities of Virginia Polytechnic Institute and State University, commonly known as Virginia Tech. In essence, the association aims to contribute to the university's endeavors through the allocation of funds from its operating budget. This financial support allows the association to execute its programs effectively, thereby contributing positively to the university's overall operations.
Who is the CEO of Virginia Tech Alumni Association?
Rhonda Arsenault is the Principal Officer of Virginia Tech Alumni Association.
What is the revenue of Virginia Tech Alumni Association?
Virginia Tech Alumni Association's revenue in 2023 was $132,698.
Who are the executives of Virginia Tech Alumni Association and what are their salaries?
There 31 volunteers at Virginia Tech Alumni Association.
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Where can I find the form 990 for Virginia Tech Alumni Association?
Virginia Tech Alumni Association's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Virginia Tech Alumni Association
The Virginia Tech Alumni Association, in essence, is dedicated to supporting the activities of Virginia Polytechnic Institute and State University, or Virginia Tech, as it is commonly known. Their primary mission is to contribute to the operational budget of Virginia Tech, utilizing the funds to carry out various programs initiated by the Alumni Association. By doing so, they contribute to the overall development and growth of the university, playing a significant role in its activities and endeavors.
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Impact
October, 2024
The Virginia Tech Alumni Association plays a pivotal role in bolstering the university’s activities and programs. By transferring funds to the operating budget, the association ensures a steady flow of resources that support various initiatives aimed at enhancing the educational experience at Virginia Tech. This financial support allows the association to carry out a range of programs that foster community engagement, build networks among alumni, and promote a lifelong connection to the university.
Through its efforts, the association not only strengthens alumni relationships but also contributes to the overall growth and development of Virginia Tech. This impact is reflected in various educational and outreach initiatives designed to enrich students’ lives and enhance the university’s reputation. By facilitating these programs, the Virginia Tech Alumni Association plays an essential role in sustaining and advancing the mission of Virginia Polytechnic Institute and State University.
This information is meant to be a general summary of Virginia Tech 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 2023.
- Investment Income: $132,698
- Gross Receipts: $132,698
Assets and Liabilities:
- Total Assets: $4,872,026
- Total Liabilities: $0
- Net Assets: $4,872,026
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Organization Details
Founding Year
1875
Phone
(540) 231-6285Principal Officer
Rhonda Arsenault
Main Address
Holtzman Alumni Center 0102, Blacksburg, VA, 24061
NTEE Category
Code: B84Z - Education
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