Overview
What is University Of Virginia Alumni Association?
The University of Virginia Alumni Association is a nonprofit organization based in Charlottesville, Virginia. With over 3,700 accounts, they serve the University of Virginia community by offering financial and endowment management services through their UVA Fund program. This efficient and cost-effective support extends to over 700 student organizations, alumni clubs, associated organizations, and hundreds of endowments and restricted accounts for various units across UVA. The Association also manages numerous student scholarships and, through its Jefferson Trust program, provides annual grants to projects that enhance the university as a preeminent global institution of higher learning. Their mission is to build the strongest bond among alumni and between alumni and the University by serving all alumni and students, acting as a conduit to keep the community informed, and offering platforms for engagement and connection.
Official website here: www.alumni.virginia
What are the reviews and ratings of this charity?
Charity Navigator Rating: 99%, Four-Star out of Four Star Rating
The University of Virginia Alumni Association has earned an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. With a perfect score in this category, the organization demonstrates a high level of transparency and integrity, ensuring that donor funds are used efficiently and effectively.
Strengths of the University of Virginia Alumni Association include a fully independent board, rigorous financial oversight, and comprehensive policies related to conflict of interest and whistleblowing. The organization also maintains excellent financial health, with a program expense ratio of 92.86% and a low fundraising efficiency ratio, indicating that a high percentage of funds are directed towards its mission rather than administrative costs.
While the organization excels in many areas, one noted limitation is the absence of a publicly available donor privacy policy. Despite this, the overall financial health and governance practices suggest a well-managed nonprofit committed to its alumni community and mission.
This AI summary has been generated from information found on Charity Navigator.
Is University Of Virginia Alumni Association legitimate?
University Of Virginia Alumni Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. University Of Virginia 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: $1,240,518
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,329,959
For more financial information, click here
Official website here: www.alumni.virginia
What is the mission statement of University Of Virginia Alumni Association?
The University of Virginia Alumni Association strives to foster a strong bond between alumni and the university. It serves as a central hub for engaging and connecting the global UVA community by offering various vehicles for communication and support. Through its UVA Fund program, the association manages and administers financial and endowment services for numerous student organizations, alumni clubs, associated organizations, and hundreds of endowments and restricted accounts. Additionally, the association manages and provides annual grants to projects that enhance the university as a renowned institution of higher learning. The association's scholarship program supports many students, contributing to their academic success.
Official website here: www.alumni.virginia
Who is the CEO of University Of Virginia Alumni Association?
Lily E West is the CEO of University Of Virginia Alumni Association The CEO's salary of University Of Virginia Alumni Association is $272,602 and their total compensation is $315,442.
Official website here: www.alumni.virginia
What is the revenue of University Of Virginia Alumni Association?
University Of Virginia Alumni Association's revenue in 2023 was $55,779,603.
Official website here: www.alumni.virginia
Who are the executives of University Of Virginia Alumni Association and what are their salaries?
The average compensation at University Of Virginia Alumni Association during 2023 was $47,611. There are 117 employees and 2600 volunteers at University Of Virginia Alumni Association.
Here are 53 key members and their salaries (University Of Virginia Alumni Association's CEO's salary is $272,602 and their total compensation is $315,442):
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Official website here: www.alumni.virginia
Where can I find the form 990 for University Of Virginia Alumni Association?
University Of Virginia Alumni Association's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.alumni.virginia
Learn more at the official website: www.alumni.virginia
Mission Statement of University Of Virginia Alumni Association
University of Virginia Alumni Association (UVA Alumni) is dedicated to fostering a strong bond between its alumni and the esteemed University of Virginia. By serving all alumni and students, UVA Alumni acts as a central hub for engaging and connecting the global UVA community. The organization functions as a conduit, keeping alumni informed and providing various vehicles to facilitate communication and support.
Through its UVA Fund program, UVA Alumni offers financial and endowment management services to the University community. With over 3,700 accounts, the UVA Fund efficiently and cost-effectively supports more than 700 student organizations, alumni clubs, associated organizations, and hundreds of endowments and restricted accounts for various units across UVA. Furthermore, UVA Alumni manages and administers numerous student scholarships. Additionally, through its Jefferson Trust program, the organization grants annual funds to projects that enhance the University's standing as a preeminent global institution of higher learning.
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Impact
October, 2024
The University of Virginia Alumni Association significantly strengthens connections among its alumni and fosters ties between graduates and the University itself. Through initiatives like the UVA Fund program, it manages a vast network of over 3,700 accounts, supporting more than 700 student organizations, alumni clubs, and various endowments. This robust financial management not only enables effective support for these groups but also ensures that the resources are utilized efficiently.
Additionally, the Association plays a vital role in promoting educational opportunities by administering numerous student scholarships. Through its Jefferson Trust program, it awards annual grants to projects that enhance the University’s reputation as a leading global institution of higher learning. This commitment to enhancing the University experience and supporting its community creates a lasting impact, ensuring that alumni remain engaged and connected long after they graduate. The Association serves as a vital hub for the global UVA community, working to keep alumni informed and involved.
This information is meant to be a general summary of University Of Virginia 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: $1,675,663
- Program Service Revenue: $6,145,225
- Gross Receipts: $61,678,422
Assets and Liabilities:
- Total Assets: $556,619,387
- Total Liabilities: $162,414,748
- Net Assets: $394,204,639
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
UVA CONTRACTUAL
Revenue
$2,515,091
ADMIN FEES
Revenue
$1,951,066
PROGRAM FEES
Revenue
$900,854
ADVERTISING
Revenue
$521,605
COMMISSIONS
Revenue
$248,609
Organization Details
Founding Year
1838
Principal Officer
Garrette L Ashley
Website
www.alumni.virginiaNTEE Category
Code: B840 - Education
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