Overview
What is Virginia Tech Services Inc?
Virginia Tech Services Inc is a nonprofit organization based in Blacksburg, Virginia. With a workforce of four individuals, its primary mission is to manage and operate various services benefiting students, faculty, staff, and alumni of Virginia Polytechnic Institute & State University. These services include bookstores and other facilities, which they oversee through outsourced operations and maintenance. Their activities revolve around owning and operating these resources, with any surplus funds potentially transferred to the university or Virginia Tech Foundation, Inc., for further allocation.
Official website here: www.vtsi.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Virginia Tech Services Inc has received a commendable Four-Star rating from Charity Navigator, reflecting its strong financial health and accountability. The organization achieved a perfect score in several categories, including Accountability & Finance, showcasing its commitment to transparency and responsible management of resources. The independent board structure and effective oversight mechanisms further enhance its operational integrity.
The organization demonstrates a high program expense ratio of 78.01%, indicating that a significant portion of its financial resources is allocated towards its programs and services. This is a positive sign for donors who prioritize impact and effectiveness in their contributions. Additionally, the absence of material diversion of assets highlights the organization's stability and trustworthiness.
While the overall rating is excellent, potential donors may want to consider the specific programs and initiatives that Virginia Tech Services Inc supports to ensure alignment with their philanthropic goals. Overall, the organization stands out for its robust governance practices and efficient use of funds, making it a reliable choice for supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Virginia Tech Services Inc legitimate?
Virginia Tech Services Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Virginia Tech Services 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: $149,113
Professional Fundraising Fees: $0
Other Salaries and Wages: $221,766
For more financial information, click here
Official website here: www.vtsi.org
What is the mission statement of Virginia Tech Services Inc?
Virginia Tech Services Inc's mission is centered around managing bookstores and other services, primarily for the benefit of students, faculty, staff, and alumni associated with Virginia Polytechnic Institute & State University. The organization operates and maintains these services through outsourced operations and facilities maintenance. Any excess funds generated are transferable, as determined by the board of directors, to either the university or the Virginia Tech Foundation Inc., for the university's appropriate allocation and use.
Official website here: www.vtsi.org
What is the revenue of Virginia Tech Services Inc?
Virginia Tech Services Inc's revenue in 2024 was $4,533,795.
Official website here: www.vtsi.org
Who are the executives of Virginia Tech Services Inc and what are their salaries?
The average compensation at Virginia Tech Services Inc during 2024 was $92,720. There are 4 employees at Virginia Tech Services Inc.
Here are 13 key members and their salaries:
- Compensation: $0
- Related: $541,594
- Other: $158,173
- Compensation: $0
- Related: $293,478
- Other: $60,665
- Compensation: $0
- Related: $110,110
- Other: $34,811
- Compensation: $0
- Related: $210,438
- Other: $32,039
- Compensation: $0
- Related: $575,156
- Other: $127,688
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $134,239
- Other: $27,900
- Compensation: $0
- Related: $78,067
- Other: $21,976
- Compensation: $0
- Related: $322,348
- Other: $35,762
- Compensation: $0
- Related: $254,720
- Other: $51,707
- Compensation: $0
- Related: $81,068
- Other: $13,399
- Compensation: $0
- Related: $191,653
- Other: $54,832
- Compensation: $148,073
- Related: $0
- Other: $1,040
Official website here: www.vtsi.org
Where can I find the form 990 for Virginia Tech Services Inc?
Virginia Tech Services Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.vtsi.org
Learn more at the official website: www.vtsi.org
Mission Statement of Virginia Tech Services Inc
Virginia Tech Services Inc, as a nonprofit organization, is dedicated to managing bookstores and other services for the benefit of students, faculty, staff, and alumni of Virginia Polytechnic Institute and State University. Its mission is twofold: firstly, it operates bookstores and other services to cater to the needs of this community, providing them with convenient and useful resources. Secondly, any surplus funds generated by these operations can be transferred to either the university or the Virginia Tech Foundation Inc, as decided by the board of directors. This transfer allows the university to allocate and use these funds in a manner deemed appropriate by its president and board of visitors, thereby contributing further to the educational and developmental needs of the university community.
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Impact
July, 2024
Virginia Tech Services Inc's impact lies in its dedication to providing essential services and resources for the benefit of students, faculty, staff, and alumni at Virginia Polytechnic Institute and State University. By owning and operating bookstores and other facilities on or near the campus, the organization ensures the availability of educational materials, supplies, and conveniences necessary for the university community. Additionally, through its management of outsourced operations and facilities maintenance, Virginia Tech Services Inc contributes to the smooth functioning of essential services on campus.
Furthermore, the organization's mission to transfer surplus funds to the university or the Virginia Tech Foundation, Inc. for allocation and use in accordance with the university's needs demonstrates its commitment to supporting the institution's overall mission and objectives. Overall, Virginia Tech Services Inc plays a crucial role in enhancing the educational experience and community welfare at Virginia Tech.
This information is meant to be a general summary of Virginia Tech Services 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 2024.
- Investment Income: $127,383
- Program Service Revenue: $2,750,000
- Gross Receipts: $4,533,795
Assets and Liabilities:
- Total Assets: $8,676,644
- Total Liabilities: $2,789,432
- Net Assets: $5,887,212
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OUTSOURCED RETAIL COMM
Revenue
$2,750,000
Organization Details
Founding Year
1968
Principal Officer
Lynsay Belshe
Website
www.vtsi.orgNTEE Category
Code: B80Z - Education
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