Overview
What is Central Virginia Governor's School Foundation?
The Central Virginia Governor's School Foundation is a nonprofit corporation based in Lynchburg, Virginia. Established with the aim of augmenting the educational program offered by the Central Virginia Governor's School for Science and Technology, the foundation channels funds from various private sources. Its primary objective is to provide academic scholarships to graduating seniors, thereby supporting their continued learning and growth. The foundation is committed to promoting and enhancing the educational experiences of students at the Central Virginia Governor's School, contributing positively to their future prospects.
Official website here: www.cvgs
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Star rating)
The Central Virginia Governor's School Foundation has achieved a high rating of 90%, reflecting strong performance in accountability and finance. This rating is driven entirely by their excellent score in accountability, showcasing the foundation's commitment to transparency and responsible financial management. Their board is composed of 90% independent members, which strengthens governance and oversight.
The organization has shown admirable practices, such as having no material diversion of assets and a perfect score for their liabilities to assets ratio, indicating a solid financial position. Additionally, the foundation adheres to good policy practices with documented board meeting minutes, a whistleblower policy, and protocols for document retention. However, it does have a shortcoming in not having a conflict of interest policy in place.
Overall, the Central Virginia Governor's School Foundation demonstrates a robust operational framework and effective financial stewardship, making it a trustworthy organization for potential donors and supporters. While improvements are necessary in certain policy areas, the foundation's high program expense ratio suggests that a significant portion of funding is directed towards its mission-related activities.
This AI summary has been generated from information found on Charity Navigator.
Is Central Virginia Governor's School Foundation legitimate?
Central Virginia Governor's School Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Central Virginia Governor's School Foundation 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.
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Official website here: www.cvgs
What is the mission statement of Central Virginia Governor's School Foundation?
The Central Virginia Governor's School Foundation is a non-profit organization established to channel funds from various sources for the purpose of enhancing the educational program provided to students by the Central Virginia Governor's School for Science and Technology. Its mission is to receive contributions from individuals, organizations, businesses, and institutions, with the objective of promoting and improving the educational experiences of these students. The foundation also provides academic scholarships to graduating seniors to support their continued education.
Official website here: www.cvgs
Who is the CEO of Central Virginia Governor's School Foundation?
Stephen Smith is the CEO of Central Virginia Governor's School Foundation The CEO's salary of Central Virginia Governor's School Foundation is $0 and their total compensation is $0.
Official website here: www.cvgs
What is the revenue of Central Virginia Governor's School Foundation?
Central Virginia Governor's School Foundation's revenue in 2024 was $320,088.
Official website here: www.cvgs
Who are the executives of Central Virginia Governor's School Foundation and what are their salaries?
Here are 16 key members and their salaries (Central Virginia Governor's School Foundation's CEO's salary is $0 and their total compensation is $0):
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Official website here: www.cvgs
Learn more at the official website: www.cvgs
Mission Statement of Central Virginia Governor's School Foundation
The Central Virginia Governor's School Foundation is a non-profit corporation established with the primary objective of directing funds from private sources to augment the educational program offered to students by the Central Virginia Governor's School for Science and Technology. This organization was formed with the intention of receiving contributions from individuals, organizations, businesses, and institutions to promote and enhance the educational experience of these students. One of the significant ways the Central Virginia Governor's School Foundation contributes to this goal is by providing academic scholarships to graduating seniors. This financial aid serves as a testament to the foundation's commitment to supporting the academic growth and future success of its students.
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Impact
October, 2024
The Central Virginia Governor's School Foundation plays a crucial role in enhancing educational opportunities for students at the Central Virginia Governor's School for Science and Technology. By channeling funds from private sources, the foundation significantly contributes to the academic experiences of these students.
One of its key initiatives is the provision of academic scholarships for graduating seniors, enabling them to pursue further education and realize their academic aspirations. Additionally, the foundation supports various programs and resources that enrich the curriculum, fostering a rigorous learning environment. Through its efforts, the foundation not only impacts individual students but also strengthens the overall educational framework of the community, promoting excellence and innovation in science and technology education.
This information is meant to be a general summary of Central Virginia Governor's School Foundation. 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: $84,248
- Gross Receipts: $710,918
Assets and Liabilities:
- Total Assets: $4,308,687
- Total Liabilities: $0
- Net Assets: $4,308,687
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Organization Details
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