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Virginia Commonwealth University College Of Engineering Foundation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 541808901 ✦ Richmond, VA ✦ Designated as a 501(c)(3)

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Overview

What is Virginia Commonwealth University College Of Engineering Foundation?

The Virginia Commonwealth University College of Engineering Foundation is a nonprofit organization based in Richmond, Virginia. Its primary mission is to support the educational, scientific, and charitable activities of Virginia Commonwealth University's School of Engineering. This support extends to managing the school's property and funds. The foundation's purpose is multifaceted, aiming to contribute to the betterment of education and research within the engineering sector at the university level.


Official website here: www.egr.vcu.edu

What are the reviews and ratings of this charity?

**Virginia Commonwealth University College Of Engineering Foundation**

**Charity Navigator Rating: 79% (Three-Star out of Four Stars)**

The Virginia Commonwealth University College Of Engineering Foundation has earned a three-star rating from Charity Navigator, indicating an overall score of 79%. This rating is predominantly based on their accountability and finance metrics, showcasing strong governance through an entirely independent board and comprehensive financial oversight. The foundation displays a very high program expense ratio at nearly 96%, which signals a strong commitment to allocating funds toward their educational initiatives.

While the organization demonstrates commendable practices in many areas, there are notable gaps, particularly regarding their whistleblower policy and document retention practices. These missing elements may raise concerns about transparency and risk management. The foundation's liabilities to assets ratio suggests a moderate level of financial risk, but their high percentage of program expenses indicates that they are effectively utilizing their resources for their intended mission.

User reviews from GreatNonprofits are currently not available, which limits insights into public perceptions or experiences related to the foundation's impact on the community or its effectiveness. However, the financial health and governance metrics suggest that the organization maintains good operational standards.


This AI summary has been generated from information found on Charity Navigator.

Is Virginia Commonwealth University College Of Engineering Foundation legitimate?

Virginia Commonwealth University College Of Engineering Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Virginia Commonwealth University College Of Engineering 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.


Heare are some key statistics you may want to consider:

Executive Compensation: $124,200
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.egr.vcu.edu

What is the mission statement of Virginia Commonwealth University College Of Engineering Foundation?

The Virginia Commonwealth University College of Engineering Foundation's mission is centered around supporting the educational, scientific, and charitable activities of the Virginia Commonwealth University School of Engineering. This support is instrumental in fostering growth and development in these areas. The foundation's role also extends to managing the School of Engineering's property and funds, contributing to the overall support of Virginia Commonwealth University.


Official website here: www.egr.vcu.edu

Who is the CEO of Virginia Commonwealth University College Of Engineering Foundation?

Laura Kottkamp is the Trustee of Virginia Commonwealth University College Of Engineering Foundation.


Official website here: www.egr.vcu.edu

What is the revenue of Virginia Commonwealth University College Of Engineering Foundation?

Virginia Commonwealth University College Of Engineering Foundation's revenue in 2022 was $9,871,542.


Official website here: www.egr.vcu.edu

Who are the executives of Virginia Commonwealth University College Of Engineering Foundation and what are their salaries?


Here are 33 key members and their salaries:


Andrew Howell (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Barbara D Boyan (Ex Officio Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Bischoff (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Advait Apte (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christopher A Groome (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chung-Chee Tai (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dan Newirth (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dan Shuber (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
David E Barlow (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Michael Rao (Ex Officio Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Fahad Harhara (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Haug (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
M David Allen (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jason Butler (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jason Meidinger (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Julia Cain (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Justin Klein (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Jupe (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Mcdonald (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nimisha Mukherjee (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Oscar Martin (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
P Temple Ballard (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul F Rocheleau (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rony Thomas (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Ukrop (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shari Litow (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Correll Moore (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steven R Lindgren (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
William H Goodwin Jr (Chairman Emeritus)
  • Compensation: $0
  • Related: $0
  • Other: $0
William K Lamp (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rhonda Williams (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
The Honorable Ben Dendy (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Laura Kottkamp (Executive Director)
  • Compensation: $94,642
  • Related: $0
  • Other: $36,567


Official website here: www.egr.vcu.edu

Where can I find the form 990 for Virginia Commonwealth University College Of Engineering Foundation?

Virginia Commonwealth University College Of Engineering Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.egr.vcu.edu

Learn more at the official website: www.egr.vcu.edu

Mission Statement of Virginia Commonwealth University College Of Engineering Foundation

Virginia Commonwealth University College of Engineering Foundation exists with a primary mission to bolster the educational, scientific, and charitable pursuits of Virginia Commonwealth University's School of Engineering. This foundation plays a pivotal role in supporting the university's engineering school, managing its property and finances to ensure its continued success and growth. By doing so, the Virginia Commonwealth University College of Engineering Foundation contributes significantly to the broader educational and scientific community, furthering the university's mission to make a positive impact in various fields.

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Impact




July, 2024

Virginia Commonwealth University College Of Engineering Foundation's impact lies in supporting the educational, scientific, and charitable activities of VCU School of Engineering. By managing the school's property and funds, the foundation helps advance the mission of Virginia Commonwealth University and contributes to the development of educational and scientific initiatives. This support enhances the educational experience of students, fosters innovation in engineering, and promotes charitable activities within the community.




This information is meant to be a general summary of Virginia Commonwealth University College Of Engineering 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.

Revenue
$9,871,542 (2022)
Expenses
$12,954,699 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $75,791
  • Program Service Revenue: $3,981,371
  • Gross Receipts: $21,029,962

Assets and Liabilities:

  • Total Assets: $112,599,166
  • Total Liabilities: $69,960,618
  • Net Assets: $42,638,548

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Rent From VCU

Revenue

$3,981,371

Organization Details

Founding Year

1995

Principal Officer

Laura Kottkamp

Main Address

601 West Main Street Room 433, Richmond, VA, 232843068

NTEE Category

Code: B110 - Education

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