Overview
What is Virginia Commonwealth University Foundat?
The Virginia Commonwealth University Foundation is a nonprofit organization based in Richmond, Virginia, specifically at PO Box 843075. The primary mission of this organization is to support the educational, scientific, and charitable activities of Virginia Commonwealth University and related organizations. They manage invested funds and administer accounts to accomplish this goal. In essence, the Virginia Commonwealth University Foundation acts as a vital partner in fostering the growth and development of Virginia Commonwealth University.
Official website here: www.vcuf.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 92% (Four-Star out of Four Star rating)
The Virginia Commonwealth University Foundation has achieved a commendable Four-Star rating from Charity Navigator, reflecting a high level of accountability and financial health. The organization scored exceptionally well in several key areas, including having a fully independent board, strong financial oversight, and a high program expense ratio, which indicates that a significant portion of funds are directed towards programs rather than administrative costs.
Strengths highlighted in the rating include the foundation's robust financial management practices and an absence of material asset diversions, which showcases transparency and trustworthiness. The foundation also has a solid liability to assets ratio and an impressive working capital ratio, suggesting it has ample resources to meet its obligations and support its mission effectively.
However, there are noted limitations such as the absence of a whistleblower policy and documentation related to record retention and destruction. While these factors slightly affect the overall score, they do not overshadow the foundation's strong governance practices and commitment to its mission. The foundation's overall performance indicates a reliable nonprofit that effectively utilizes its resources to benefit its stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Virginia Commonwealth University Foundat legitimate?
Virginia Commonwealth University Foundat is a legitimate nonprofit organization registered as a 501(c)(3) entity. Virginia Commonwealth University Foundat 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: $163,986
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.vcuf.org
What is the mission statement of Virginia Commonwealth University Foundat?
The Virginia Commonwealth University Foundation is dedicated to advancing the educational, scientific, and charitable endeavors of Virginia Commonwealth University and related organizations. Through the management of invested funds and the administration of accounts, the foundation provides support for the university's initiatives. Its mission is to contribute to the growth and success of the institution by fostering academic excellence, scientific research, and community impact. The foundation plays a crucial role in enhancing the quality of education and research offered by Virginia Commonwealth University, ultimately benefiting students, faculty, and the wider community.
Official website here: www.vcuf.org
Who is the CEO of Virginia Commonwealth University Foundat?
Laura Kottkamp is the Trustee of Virginia Commonwealth University Foundat.
Official website here: www.vcuf.org
What is the revenue of Virginia Commonwealth University Foundat?
Virginia Commonwealth University Foundat's revenue in 2022 was $17,326,830.
Official website here: www.vcuf.org
Who are the executives of Virginia Commonwealth University Foundat and what are their salaries?
Here are 29 key members and their salaries:
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- Compensation: $116,449
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- Other: $45,416
Official website here: www.vcuf.org
Where can I find the form 990 for Virginia Commonwealth University Foundat?
Virginia Commonwealth University Foundat's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.vcuf.org
Learn more at the official website: www.vcuf.org
Mission Statement of Virginia Commonwealth University Foundat
The Virginia Commonwealth University Foundation, known as VCU Foundation, is a charitable organization committed to supporting the educational, scientific, and charitable activities of Virginia Commonwealth University (VCU) and related organizations. In simple terms, it serves as a vital partner to VCU, contributing to its mission by managing invested funds and administering accounts. The Foundation's primary objective is to enhance the capabilities and impact of VCU in various fields, ensuring its continued success and growth. Through its dedicated efforts, it enables VCU to maintain its position as a leading educational and research institution.
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Impact
October, 2024
Virginia Commonwealth University Foundation plays a crucial role in enhancing the educational, scientific, and charitable initiatives at Virginia Commonwealth University (VCU) in Richmond, VA. By managing invested funds and administering accounts, the Foundation ensures that vital resources are available to support various programs and projects within the university.
Its impact extends to the provision of scholarships, funding for research, and the development of new educational endeavors that benefit students and faculty alike. This support not only elevates the academic environment at VCU but also fosters innovation and community engagement, ultimately contributing to the broader advancement of knowledge and social betterment in the region. The Foundation’s commitment to VCU and related organizations reflects a dedication to nurturing future leaders and making significant contributions to society through education.
This information is meant to be a general summary of Virginia Commonwealth University Foundat. 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: $49,988
- Gross Receipts: $19,478,476
Assets and Liabilities:
- Total Assets: $137,692,636
- Total Liabilities: $41,632,161
- Net Assets: $96,060,475
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Organization Details
Founding Year
1917
Phone
(804) 828-9292Principal Officer
Laura Kottkamp
Main Address
PO BOX 843075, RICHMOND, VA, 232843075
Website
www.vcuf.orgNTEE Category
Code: B110 - Education
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