Overview
What is Vmi Alumni Association?
The Vmi Alumni Association is a nonprofit organization situated in Lexington, Virginia. Its primary goal is to support and strengthen connections with the Virginia Military Institute (VMI), a state-funded educational institution. To achieve this, they prepare newsletters and publications, recruit new members, and foster a sense of unity and pride among alumni. Additionally, they organize events such as conventions to engage the alumni community. The association's mission is to unify VMI's alumni into a single body, aiming to assist the institution in various ways. With a team of 12 dedicated individuals, Vmi Alumni Association plays a significant role in nurturing the bond between former students and their alma mater.
Official website here: www.vmialumni.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 60% (Two-Star out of Four Star rating)
The VMI Alumni Association has received a Two-Star rating from Charity Navigator, primarily due to its Accountability & Finance metrics. The organization excels in governance, as evidenced by its 100% independent board members and a robust audit and oversight committee. Furthermore, it has established policies for conflicts of interest, whistleblowing, and document retention, which demonstrate a commitment to transparency and ethical management.
However, the association faces challenges regarding its financial performance. A significant point of concern is its liabilities to assets ratio at 71.23%, indicating a high level of financial obligations relative to its assets. Additionally, with a program expense ratio of 47.44%, the organization may not be dedicating enough of its resources to its core mission-related activities, which could impact its effectiveness and sustainability.
In summary, while the VMI Alumni Association shows strong governance and accountability features, its financial health raises questions. Prospective donors and supporters might consider these aspects when evaluating the organization's overall effectiveness and mission impact.
This AI summary has been generated from information found on Charity Navigator.
Is Vmi Alumni Association legitimate?
Vmi Alumni Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vmi 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: $106,710
Professional Fundraising Fees: $0
Other Salaries and Wages: $301,140
For more financial information, click here
Official website here: www.vmialumni.org
What is the mission statement of Vmi Alumni Association?
The VMI Alumni Association's mission is primarily focused on supporting Virginia Military Institute (VMI), a state-funded educational institution. They aim to achieve this by fostering and strengthening relationships among VMI alumni. The purpose of the association is to unite all VMI alumni into a cohesive body. To accomplish this, they prepare alumni newsletters and publications, which serve to attract new members and foster a sense of unity and pride among existing alumni. Additionally, the association engages in alumni recruitment and organizes conventions to further connect and engage with their alumni base.
Official website here: www.vmialumni.org
Who is the CEO of Vmi Alumni Association?
Crissy S Elliott is the President of Vmi Alumni Association.
Official website here: www.vmialumni.org
What is the revenue of Vmi Alumni Association?
Vmi Alumni Association's revenue in 2023 was $1,001,322.
Official website here: www.vmialumni.org
Who are the executives of Vmi Alumni Association and what are their salaries?
The average compensation at Vmi Alumni Association during 2023 was $33,988. There are 12 employees at Vmi Alumni Association.
Here are 31 key members and their salaries:
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Official website here: www.vmialumni.org
Where can I find the form 990 for Vmi Alumni Association?
Vmi Alumni Association'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 Alumni Association
The VMI Alumni Association, a collective body of former students from the Virginia Military Institute (VMI), is dedicated to aiding this esteemed state institution by fostering and strengthening alumni relations. The primary objective of this association is to unify the alumni network into a cohesive entity. To accomplish this, the VMI Alumni Association engages in various activities, such as preparing newsletters and publications to attract new members, bolster alumni unity, and cultivate a sense of pride among its members. Additionally, they actively recruit new alumni and organize annual conventions to further strengthen the association's bonds. The VMI Alumni Association plays a significant role in maintaining the spirit and camaraderie among its members, thereby contributing to the ongoing success and influence of the Virginia Military Institute.
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Impact
July, 2024
The VMI Alumni Association plays a crucial role in supporting and connecting alumni of the Virginia Military Institute (VMI). Through initiatives such as alumni newsletters, publications, recruiting efforts, and conventions, the association fosters a sense of unity and pride among VMI graduates. By organizing VMI alumni into one cohesive body, the association strengthens the bond between alumni and their alma mater, contributing to the ongoing success and reputation of the institution.
This information is meant to be a general summary of Vmi 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.
- Gross Receipts: $1,001,322
Assets and Liabilities:
- Total Assets: $581,109
- Total Liabilities: $414,000
- Net Assets: $167,109
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Organization Details
Founding Year
1934
Phone
(540) 464-7383Principal Officer
Crissy S Elliott
Main Address
PO BOX 932, LEXINGTON, VA, 24450
Website
www.vmialumni.orgNTEE Category
Code: B84 - Education
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