Overview
What is Vmi Research Laboratories?
Vmi Research Laboratories, located in Lexington, Virginia, serves as the research and development arm of the Virginia Military Institute (VMI). Its primary mission is to contribute to the education of undergraduate students at VMI, while also enhancing the institution's reputation as a state and national benefactor. The lab collaborates with various entities, such as government agencies, universities, and private industry, to conduct research and educational activities. Vmi Research Laboratories employs 55 individuals, offering them opportunities to work independently in their fields of interest and providing a means for financial assistance through part-time and full-time summer employment.
Official website here: www.vmi.edu/vmirl
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96% (Four-Star out of Four Star rating)
Vmi Research Laboratories has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial transparency. The organization scored 96% in the Accountability & Finance category, indicating effective management of its resources and a high level of organizational integrity. This rating is particularly noteworthy as it is derived entirely from its accountability and finance practices.
One of the organization's strengths is its governance structure, with 78% of its board members being independent, which promotes unbiased decision-making. Furthermore, Vmi Research Laboratories has demonstrated excellent financial oversight, as evidenced by its perfect scores in various auditing and oversight metrics. Its program expense ratio of 97.69% highlights that a significant portion of its funds is directed toward its mission-driven initiatives.
The data also reveals that Vmi Research Laboratories has implemented strong policies regarding conflicts of interest, whistleblower protection, and document retention, contributing to its overall accountability. There are no noted limitations in the available data, reinforcing the organization's reputation as a well-managed and transparent nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Vmi Research Laboratories legitimate?
Vmi Research Laboratories is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vmi Research Laboratories 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: $25,603
Professional Fundraising Fees: $0
Other Salaries and Wages: $735,301
For more financial information, click here
Official website here: www.vmi.edu/vmirl
What is the mission statement of Vmi Research Laboratories?
VMI Research Laboratories exist primarily to serve as the research and development arm of the Virginia Military Institute. Their primary mission is to enhance the effectiveness of the institute's primary objective, which is the education of undergraduate students. This is achieved through various means, including boosting the institution's reputation, providing faculty with opportunities to work independently in their fields, offering research activities for cadets to assist with, and offering financial assistance to faculty and cadets in the form of summer employment. The lab's activities are also intended to benefit the state and nation as a whole.
Official website here: www.vmi.edu/vmirl
Who is the CEO of Vmi Research Laboratories?
Charles E Edgar Iv is the Chairman of Vmi Research Laboratories.
Official website here: www.vmi.edu/vmirl
What is the revenue of Vmi Research Laboratories?
Vmi Research Laboratories's revenue in 2022 was $2,417,352.
Official website here: www.vmi.edu/vmirl
Who are the executives of Vmi Research Laboratories and what are their salaries?
The average compensation at Vmi Research Laboratories during 2022 was $13,835. There are 55 employees at Vmi Research Laboratories.
Here are 14 key members and their salaries:
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- Compensation: $16,603
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Official website here: www.vmi.edu/vmirl
Where can I find the form 990 for Vmi Research Laboratories?
Vmi Research Laboratories's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.vmi.edu/vmirl
Learn more at the official website: www.vmi.edu/vmirl
Mission Statement of Vmi Research Laboratories
VMI Research Labs, serving as the research and development arm of the Virginia Military Institute, is dedicated to advancing its primary mission of educating undergraduate students. The organization's purpose is multifaceted, aiming to enhance the institute's reputation as a contributor to societal betterment, provide faculty members with the opportunity to delve into their fields of interest, and offer undergraduates the chance to collaborate in research activities. Additionally, VMI Research Labs offers a means of financial assistance to both faculty and students in the form of part-time and full-time summer employment. The mission of VMI Research Labs is to improve the effectiveness of the Virginia Military Institute, aiding it indirectly while serving as a platform for creative and independent research.
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Impact
July, 2024
VMI Research Laboratories, through its research and educational activities, has a significant impact on various sectors. The projects conducted in collaboration with entities such as the United States Department of Agriculture, the United States Air Force, the United States Navy, the National Science Foundation, the Virginia Department of Game and Inland Fisheries, the University of Wisconsin, local governments, other non-profits, and private industry contribute to advancements in scientific research.
By serving as the research and development arm of the Virginia Military Institute, VMI Research Laboratories directly support the institute's mission to educate undergraduate students effectively. This work not only enhances VMI's reputation as a contributor to the overall betterment of the state and nation but also allows faculty members to pursue research in their fields of interest. Additionally, the research activities provide opportunities for cadets to engage in research alongside faculty members, further enriching their educational experience.
In essence, VMI Research Laboratories plays a crucial role in fostering innovation, knowledge creation, and professional development within the academic and scientific communities, ultimately benefiting society at large.
This information is meant to be a general summary of Vmi Research Laboratories. 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: $5,487
- Program Service Revenue: $2,375,713
- Gross Receipts: $2,417,352
Assets and Liabilities:
- Total Assets: $1,533,902
- Total Liabilities: $561,698
- Net Assets: $972,204
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EDUCATION & RESEARCH G
Revenue
$2,375,713
Organization Details
Founding Year
1963
Phone
(540) 464-7432Principal Officer
Charles E Edgar Iv
Main Address
VIRGINIA MILITARY INSTITUTE, LEXINGTON, VA, 24450
Website
www.vmi.edu/vmirlNTEE Category
Code: U50 - Science research
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