Overview
What is Virginia Student Aid Foundation Inc?
The Virginia Student Aid Foundation Inc, also known as the Virginia Athletics Foundation, is a Charlottesville, Virginia-based nonprofit organization dedicated to raising funds for scholarships and academic support for student-athletes at the University of Virginia (UVA). With over 31 employees, the foundation's primary mission revolves around providing opportunities for student-athletes to excel academically and athletically. In 2022, the organization received generous support from more than 10,500 donors, including former student-athletes, parents, alumni, fans, and businesses. Through their fundraising efforts, the Virginia Athletics Foundation offers scholarships for approximately 750 student-athletes participating in 27 intercollegiate programs at UVA, with the exception of men's and women's squash teams, which are funded by a university endowment. As a result, students receive the necessary resources to succeed in their academic and athletic pursuits.
Official website here: www.virginiaathleticsfoundation.com
What are the reviews and ratings of this charity?
97% rating from Charity Navigator indicates that the Virginia Student Aid Foundation Inc has achieved a Four-Star out of Four Star rating, signifying high standards in accountability and finance. This rating is particularly noteworthy as it is derived entirely from a single beacon score, emphasizing the organization's strong financial practices.
The foundation boasts several strengths, including a fully independent board with 95% of its members being independent. Additionally, the organization has an outstanding program expense ratio of 92%, demonstrating a strong commitment to utilizing funds for its mission rather than administrative costs. Their effective fundraising efficiency, with a ratio of just $0.05 spent to raise a dollar, further highlights their prudent financial management.
While the data reflects a robust operational framework, there are no specific limitations noted in the feedback. Overall, the Virginia Student Aid Foundation Inc exemplifies transparency, accountability, and efficiency in its operations, maintaining a solid reputation in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Virginia Student Aid Foundation Inc legitimate?
Virginia Student Aid Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Virginia Student Aid Foundation Inc 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: $827,893
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,415,990
For more financial information, click here
Official website here: www.virginiaathleticsfoundation.com
What is the mission statement of Virginia Student Aid Foundation Inc?
The Virginia Athletics Foundation works diligently to support a top-tier intercollegiate athletics program at the University of Virginia by offering opportunities for student-athletes to excel academically and athletically. Through fundraising efforts, the organization provides essential scholarships and academic support for approximately 750 student-athletes participating in 27 intercollegiate programs. In 2022, over 10,500 donors, including alumni, fans, and businesses, contributed to the Foundation, recognizing the value of the intercollegiate athletics experience at the University. The Foundation strives to maximize funding for scholarships, allowing for 316.6 scholarships for 25 out of the 27 NCAA-sanctioned teams at the University. Scholarships for men's and women's squash teams are funded through a university endowment.
Official website here: www.virginiaathleticsfoundation.com
Who is the CEO of Virginia Student Aid Foundation Inc?
Donna G Mahan is the Exec Director, Sec/Treas of Virginia Student Aid Foundation Inc.
Official website here: www.virginiaathleticsfoundation.com
What is the revenue of Virginia Student Aid Foundation Inc?
Virginia Student Aid Foundation Inc's revenue in 2022 was $45,190,995.
Official website here: www.virginiaathleticsfoundation.com
Who are the executives of Virginia Student Aid Foundation Inc and what are their salaries?
The average compensation at Virginia Student Aid Foundation Inc during 2022 was $72,383. There are 31 employees and 22 volunteers at Virginia Student Aid Foundation Inc.
Here are 31 key members and their salaries:
- Compensation: $359,613
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- Other: $48,149
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- Compensation: $161,390
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- Other: $36,376
- Compensation: $185,872
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- Other: $46,750
- Compensation: $129,962
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- Other: $31,588
- Compensation: $145,708
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- Other: $30,638
- Compensation: $116,910
- Related: $0
- Other: $23,749
- Compensation: $112,181
- Related: $0
- Other: $32,081
- Compensation: $106,974
- Related: $0
- Other: $21,089
Official website here: www.virginiaathleticsfoundation.com
Where can I find the form 990 for Virginia Student Aid Foundation Inc?
Virginia Student Aid Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.virginiaathleticsfoundation.com
Learn more at the official website: www.virginiaathleticsfoundation.com
Mission Statement of Virginia Student Aid Foundation Inc
The Virginia Student Aid Foundation, a charitable organization, is dedicated to raising funds to support a top-tier intercollegiate athletics program at the University of Virginia. By providing opportunities for academic and athletic excellence to student-athletes, the Foundation strives to enhance the overall experience at the University.
In 2022, over 10,500 donors, including former student-athletes, parents, alumni, fans, and businesses, wholeheartedly contributed to the Foundation's efforts. These supporters recognize the value of the intercollegiate athletics experience at the University of Virginia and contribute in various ways to help maximize funding. The Foundation's primary focus lies in providing scholarships and academic support for these student-athletes. In total, approximately 750 student-athletes participate in 27 intercollegiate programs at the University, with the Foundation funding 316.6 scholarships for 25 of the 27 NCAA-sanctioned teams. Scholarships for the men's and women's squash teams are funded by a university endowment from a generous donor.
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Impact
October, 2024
Virginia Student Aid Foundation Inc significantly enhances the intercollegiate athletics experience at the University of Virginia. By focusing on fundraising efforts, it acts as a critical source of support for student-athletes, enabling them to thrive in both academic and athletic pursuits.
The foundation provides essential funding for scholarships, allowing for the maximum allowable support of 316.6 scholarships across 25 out of 27 NCAA-sanctioned teams. This financial backing is crucial for helping approximately 750 student-athletes access the resources necessary for their development, fostering an environment where they can excel in their respective sports while maintaining their academic commitments.
In 2022, the foundation engaged over 10,500 donors, including alumni, former student-athletes, parents, fans, and local businesses, all recognizing the profound impact intercollegiate athletics has on the university community. This broad base of support not only ensures the sustainability of athletic programs but also reinforces the connection among students, alumni, and the broader community, enhancing school spirit and pride.
Through its mission, the Virginia Student Aid Foundation Inc contributes to building a culture of excellence at the University of Virginia, empowering student-athletes to achieve their goals and fostering an environment that values educational attainment alongside athletic performance.
This information is meant to be a general summary of Virginia Student Aid Foundation Inc. 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 2022.
- Investment Income: $179,649
- Program Service Revenue: $1,074,748
- Gross Receipts: $48,474,962
Assets and Liabilities:
- Total Assets: $154,972,680
- Total Liabilities: $2,771,366
- Net Assets: $152,201,314
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PARKING LOT REVENUE
Revenue
$1,031,667
OTHER PGM SVC REVENUE
Revenue
$43,081
Organization Details
Founding Year
1949
Phone
(434) 982-5555Principal Officer
Donna G Mahan
Main Address
PO BOX 400833, CHARLOTTESVILLE, VA, 229044833
NTEE Category
Code: B820 - Education
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