Overview
What is University Of Virginia Engineering Foundation Inc?
The University of Virginia Engineering Foundation Inc is a nonprofit organization situated in Charlottesville, Virginia. Its primary purpose is to support the University of Virginia School of Engineering and Applied Science, contributing financially through grants and allocations. The foundation's mission is to foster beneficial relationships and raise private funds to sustain the school's mission. By doing so, they invest and manage these resources to advance the engineering and applied science field at the University of Virginia. The foundation plays a crucial role in enhancing the academic and research capabilities of the engineering school and its students, ultimately benefiting the wider engineering community.
Official website here: www.engineering.virginia.edu/advancement
What are the reviews and ratings of this charity?
97% rating from Charity Navigator indicates that the University Of Virginia Engineering Foundation Inc is highly effective and well-managed. The Four-Star out of Four Star rating reflects a strong commitment to transparency and accountability, with perfect scores in key areas such as independent board membership and financial oversight.
The Foundation demonstrates financial health with a program expense ratio of 94.78%, signifying that a significant portion of its resources is directed towards its mission. Additionally, the organization has a commendable working capital ratio of 16.77 years, indicating robust financial stability and the ability to sustain its operations over the long term without immediate funding pressure.
There are no notable limitations indicated in the data, as the organization has established comprehensive policies to prevent potential conflicts of interest and has no recorded issues concerning asset diversion. Overall, the organization showcases a strong framework for governance and effective resource utilization.
This AI summary has been generated from information found on Charity Navigator.
Is University Of Virginia Engineering Foundation Inc legitimate?
University Of Virginia Engineering Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. University Of Virginia Engineering Foundation 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.
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Official website here: www.engineering.virginia.edu/advancement
What is the mission statement of University Of Virginia Engineering Foundation Inc?
The University of Virginia Engineering Foundation Inc's primary mission is to support the University of Virginia School of Engineering and Applied Science. It accomplishes this by leading initiatives to establish and maintain beneficial relationships and by raising, investing, managing, and providing external private financial resources. The foundation further extends its support by providing grants and allocations to the engineering school and other organizations and students, benefiting the engineering school as a whole.
Official website here: www.engineering.virginia.edu/advancement
Who is the CEO of University Of Virginia Engineering Foundation Inc?
Robert Bremer is the Trustee of University Of Virginia Engineering Foundation Inc.
Official website here: www.engineering.virginia.edu/advancement
What is the revenue of University Of Virginia Engineering Foundation Inc?
University Of Virginia Engineering Foundation Inc's revenue in 2023 was $3,888,782.
Official website here: www.engineering.virginia.edu/advancement
Who are the executives of University Of Virginia Engineering Foundation Inc and what are their salaries?
Here are 39 key members and their salaries:
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Official website here: www.engineering.virginia.edu/advancement
Where can I find the form 990 for University Of Virginia Engineering Foundation Inc?
University Of Virginia Engineering Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.engineering.virginia.edu/advancement
Learn more at the official website: www.engineering.virginia.edu/advancement
Mission Statement of University Of Virginia Engineering Foundation Inc
The University of Virginia Engineering Foundation Inc plays a crucial role in supporting the University of Virginia School of Engineering and Applied Science. Their mission is to foster beneficial relationships and raise, invest, manage, and provide external private financial resources to further the goals of the engineering school. The foundation accomplishes this by offering grants and allocations to the engineering school, as well as other organizations and students, with the aim of benefiting the school as a whole. The University of Virginia Engineering Foundation Inc serves as a vital partner in the advancement of engineering education and research at the University of Virginia, contributing to its overall success and impact.
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Impact
July, 2024
University of Virginia Engineering Foundation Inc's impact lies in its crucial support of the University of Virginia School of Engineering and Applied Science. By providing grants and allocations to the Engineering School and various organizations and students associated with it, the Foundation plays a key role in advancing the educational and research initiatives within the engineering field. Through its efforts to build and sustain beneficial relationships, raise and manage financial resources, the Foundation contributes significantly to the growth and success of the engineering programs at the University of Virginia. This support ultimately enhances the quality of education and research in the field of engineering, benefiting students, faculty, and the broader engineering community.
This information is meant to be a general summary of University Of Virginia Engineering Foundation 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: $104,986
- Gross Receipts: $7,910,267
Assets and Liabilities:
- Total Assets: $70,082,326
- Total Liabilities: $0
- Net Assets: $70,082,326
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Organization Details
Founding Year
1953
Phone
(434) 243-9000Principal Officer
Robert Bremer
Main Address
PO BOX 400256, CHARLOTTESVILLE, VA, 229044256
NTEE Category
Code: B84 - Education
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