Overview
What is Virginia Forestry Educational Foundation?
The Virginia Forestry Educational Foundation (VFEF) is a nonprofit organization based in Richmond, Virginia. Its primary focus is to provide permanent financial support for the charitable, educational, and research activities within the Virginia forestry and forest product communities. To achieve this, VFEF collaborates closely with Virginia Tech's Forestry School, contributing funds to support students through scholarships. The scholarships are awarded based on the school's judgment of the students' merit and need. By relying on Virginia Tech's expertise, VFEF aims to invest in the future leaders of the forestry sector, ensuring its continued growth and development.
Official website here: www.vfef.net
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Stars
The Virginia Forestry Educational Foundation has received a solid Three-Star rating from Charity Navigator, indicating a good level of accountability and financial health. The rating is driven entirely by their performance in the Accountability & Finance beacon, demonstrating the importance of sound governance practices within the organization.
Strengths highlighted in their evaluation include a fully independent board with 100% compliance in board member independence and a strong program expense ratio of 79.83%. These metrics suggest that the foundation is effectively using its resources to support its educational mission. The organization also demonstrates transparency with its tax forms and maintains comprehensive policies, such as a conflict of interest policy.
However, there are areas for improvement, particularly the absence of a whistleblower policy and document retention and destruction policy, which were noted as missing in the evaluation. Addressing these limitations could enhance the foundation's governance framework and further bolster its accountability. Overall, the Virginia Forestry Educational Foundation appears to be a responsible nonprofit with a commitment to effective resource management.
This AI summary has been generated from information found on Charity Navigator.
Is Virginia Forestry Educational Foundation legitimate?
Virginia Forestry Educational Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Virginia Forestry Educational 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.vfef.net
What is the mission statement of Virginia Forestry Educational Foundation?
The Virginia Forestry Educational Foundation's mission is dedicated to providing long-term financial support for charitable, educational, and research activities within the forestry and forest product communities. Specifically, the foundation aims to aid in the disbursement of scholarships for students studying forestry, with Virginia Tech's Forestry School determining the recipients based on their merit. The foundation relies on the school's judgement to distribute the scholarships, with the school providing a list of recipients for the foundation to support.
Official website here: www.vfef.net
Who is the CEO of Virginia Forestry Educational Foundation?
Ken Morgan is the Director of Virginia Forestry Educational Foundation.
Official website here: www.vfef.net
What is the revenue of Virginia Forestry Educational Foundation?
Virginia Forestry Educational Foundation's revenue in 2022 was $331,671.
Official website here: www.vfef.net
Who are the executives of Virginia Forestry Educational Foundation and what are their salaries?
Here are 12 key members and their salaries:
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Official website here: www.vfef.net
Where can I find the form 990 for Virginia Forestry Educational Foundation?
Virginia Forestry Educational Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.vfef.net
Learn more at the official website: www.vfef.net
Mission Statement of Virginia Forestry Educational Foundation
The Virginia Forestry Educational Foundation, a charitable organization, is dedicated to providing permanent financial support for the charitable, educational, and research activities of the Virginia forestry and forest product communities. By doing so, it seeks to bolster the growth and development of these communities through various initiatives.
One of the key ways the Foundation fulfills its mission is by offering student scholarships. It collaborates with Virginia Tech's Forestry School, relying on their judgement to determine eligible recipients. The Foundation then supports the disbursement of these scholarships to deserving students, thereby fostering educational opportunities within the forestry and forest product sectors.
In essence, the Virginia Forestry Educational Foundation plays a crucial role in nurturing the next generation of forestry professionals, ensuring the continued success and sustainability of the forestry and forest product communities.
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Impact
June, 2024
The Virginia Forestry Educational Foundation's impact lies in providing permanent financial support for the charitable, educational, and research activities within the Virginia forestry and forest product communities. Specifically, the foundation contributes funds to Virginia Tech's Forestry School for student scholarships. These scholarships are awarded to individuals identified by Virginia Tech, ultimately supporting the education and development of future professionals in the forestry industry. This direct support helps foster the growth and sustainability of the forestry sector in Virginia.
This information is meant to be a general summary of Virginia Forestry Educational 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 2022.
- Investment Income: $230,270
- Gross Receipts: $397,214
Assets and Liabilities:
- Total Assets: $7,927,370
- Total Liabilities: $273
- Net Assets: $7,927,097
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Organization Details
Founding Year
1958
Phone
(804) 278-8733Principal Officer
Ken Morgan
Main Address
3808 AUGUSTA AVENUE, RICHMOND, VA, 232303910
Website
www.vfef.netNTEE Category
Code: C30 - Environment
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