Overview
What is Vmi Alumni Agencies Board Inc?
Vmi Alumni Agencies Board Inc is a nonprofit organization dedicated to supporting Virginia Military Institute (VMI), a state-funded educational institution. Their primary purpose involves coordinating development and fundraising initiatives on behalf of VMI, meticulously planning, organizing, and executing the Vmi Campaign. This campaign is solely aimed at bolstering the support for VMI. Their mission encompasses fostering growth and enhancement for this esteemed institution.
Official website here: www.vmialumni.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 64%, earning it a Two-Star out of Four Star rating.
VMI Alumni Agencies Board Inc. has received a 64% rating from Charity Navigator, indicating a moderate level of accountability and financial health. The organization boasts a perfect score for board independence, financial oversight, and several policies that promote transparency, such as conflict of interest and whistleblower protections. These strengths highlight the board's commitment to governance and responsible management practices.
However, the organization faces challenges in financial efficiency. It has a program expense ratio of only 51.65%, suggesting that just over half of its expenditures are directed toward its mission-related programs. Additionally, the fundraising efficiency ratio of $0.63 indicates that a significant portion of funds raised is spent on fundraising efforts rather than on the programs themselves. This raises concerns about the effectiveness of its fundraising strategies and the overall impact of its financial management on program delivery.
Despite these limitations, the organization maintains a solid working capital ratio, demonstrating its ability to cover liabilities comfortably. Stakeholders may want to consider these financial aspects when evaluating the overall effectiveness and sustainability of VMI Alumni Agencies Board Inc.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Vmi Alumni Agencies Board Inc?
92% of 32 reviewers on Facebook recommend Vmi Alumni Agencies Board Inc. Here is a summary of their reviews:
Many individuals share positive experiences regarding their personal growth and development during their time at the organization. They express gratitude for the guidance and support received from figures like Coach King, Capt. Hall, and Maj. Ponce, who played vital roles in shaping their character and resilience.
Overall, there is a strong sentiment of appreciation among alumni, indicating that the nonprofit is effective in fostering a supportive environment that aids personal development and builds lasting connections. The organization seems to fulfill its mission of helping alumni navigate their journeys with meaningful mentorship.
This AI summary has been generated from reviews found on Facebook.
Is Vmi Alumni Agencies Board Inc legitimate?
Vmi Alumni Agencies Board Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vmi Alumni Agencies Board 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: $617,188
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,159,011
For more financial information, click here
Official website here: www.vmialumni.org
What is the mission statement of Vmi Alumni Agencies Board Inc?
The mission of Vmi Alumni Agencies Board Inc is centered around supporting Virginia Military Institute (VMI), a state-funded educational institution. The primary role of the board is to coordinate development and fundraising activities on VMI's behalf, plan and organize events, and oversee the VMI Campaign. Their main objective is to provide resources and aid to VMI, ensuring its continued success and growth. The services provided by the board are solely intended for the support of VMI.
Official website here: www.vmialumni.org
Who is the CEO of Vmi Alumni Agencies Board Inc?
Crissy S Elliott is the Board Member of Vmi Alumni Agencies Board Inc. The CEO's salary of Vmi Alumni Agencies Board Inc is $287,005 and their total compensation is $300,445.
Official website here: www.vmialumni.org
What is the revenue of Vmi Alumni Agencies Board Inc?
Vmi Alumni Agencies Board Inc's revenue in 2023 was $5,519,621.
Official website here: www.vmialumni.org
Who are the executives of Vmi Alumni Agencies Board Inc and what are their salaries?
The average compensation at Vmi Alumni Agencies Board Inc during 2023 was $80,736. There are 22 employees at Vmi Alumni Agencies Board Inc.
Here are 11 key members and their salaries (Vmi Alumni Agencies Board Inc's CEO's salary is $287,005 and their total compensation is $300,445):
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- Compensation: $287,005
- Related: $0
- Other: $13,440
- Compensation: $188,184
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- Other: $29,573
- Compensation: $116,756
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- Other: $9,316
- Compensation: $152,774
- Related: $0
- Other: $29,806
Official website here: www.vmialumni.org
Where can I find the form 990 for Vmi Alumni Agencies Board Inc?
Vmi Alumni Agencies Board Inc'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 Agencies Board Inc
Vmi Alumni Agencies Board, a prominent organization, is dedicated to supporting Virginia Military Institute (VMI), a state-funded educational institution. The primary purpose of this board is to coordinate development and fundraising initiatives on behalf of VMI, as well as plan, organize, and execute the Vmi Campaign. Their mission is centered around boosting the resources and opportunities available at VMI, thereby contributing to its overall growth and success. The services provided by Vmi Alumni Agencies Board are solely focused on supporting VMI, demonstrating their commitment to its well-being.
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Impact
July, 2024
VMI Alumni Agencies Board Inc plays a crucial role in supporting the Virginia Military Institute (VMI) by coordinating development and fundraising efforts on behalf of the institution. Through their work, they help ensure that VMI can continue to fulfill its mission of providing quality education and training to students. By engaging with alumni and supporters, VMI Alumni Agencies Board Inc helps secure the necessary resources for VMI to thrive and maintain its status as a renowned state-supported school. Their impact is evident in their efforts to sustain and enhance VMI's educational programs, facilities, and overall support system.
This information is meant to be a general summary of Vmi Alumni Agencies Board 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 2023.
- Investment Income: $1,784,722
- Gross Receipts: $5,519,621
Assets and Liabilities:
- Total Assets: $94,289,341
- Total Liabilities: $63,916,489
- Net Assets: $30,372,852
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Organization Details
Founding Year
1978
Phone
(540) 464-7383Principal Officer
Crissy S Elliott
Main Address
PO BOX 932, LEXINGTON, VA, 24450
Website
www.vmialumni.orgNTEE Category
Code: B11 - Education
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