Overview
What is Medical College Of Va Foundation?
The Medical College of Virginia Foundation, based in Richmond, Virginia, serves as a philanthropic organization dedicated to supporting VCU Health. This nonprofit inspires, seeks, and secures donations for VCU Health, stewarding these resources effectively. With a team of 23 employees, the foundation's mission is to provide education, research, and general financial support to enhance the operations and services of VCU Health.
Official website here: www.mcvfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star rating)
The Medical College Of Virginia Foundation boasts an impressive Four-Star rating from Charity Navigator, indicating a high level of financial health and accountability. With an Accountability & Finance Score of 99, the organization demonstrates excellent governance practices, including a fully independent board and stringent oversight of its financial statements. Their proactive approach includes comprehensive policies on conflict of interest and whistleblowing, enhancing transparency.
Strengths of the organization include a strong program expense ratio of 74.22%, indicating that a significant portion of funding is directed towards its mission-related activities. Their fundraising efficiency is notably high, with only $0.02 spent to raise each dollar, showcasing effective fundraising strategies. Additionally, the foundation has a long working capital ratio of 20.97 years, suggesting robust financial stability.
However, the foundation does have a noted limitation regarding its Donor Privacy Policy, which is currently missing. Despite this shortcoming, the overall governance, financial practices, and commitment to accountability position the Medical College Of Virginia Foundation as a trustworthy nonprofit.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Medical College Of Va Foundation?
74% of 8 reviewers on Facebook recommend the Medical College of Virginia Foundation. Here is a summary of their reviews:
The foundation is recognized for its strong support of research initiatives within the VCU School of Medicine and allied health departments. Reviewers appreciate the positive impact of their contributions, indicating a belief that their support fosters important advancements in medical knowledge and practice.
While the recommendation percentage isn’t overwhelmingly high, those who do endorse the foundation highlight the value of their work and the importance of funding medical research. There is a clear sense of appreciation for the foundation's mission and its role in driving innovative healthcare solutions.
This AI summary has been generated from reviews found on Facebook.
Is Medical College Of Va Foundation legitimate?
Medical College Of Va Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Medical College Of Va 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: $1,015,149
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,251,478
For more financial information, click here
Official website here: www.mcvfoundation.org
What is the mission statement of Medical College Of Va Foundation?
The Medical College of Virginia Foundation plays a vital role in inspiring and securing philanthropic resources for VCU Health. Its mission is focused on stewarding these resources effectively. The foundation's efforts primarily support education, research, and general expenses within VCU Health. By doing so, it contributes significantly to the overall well-being and advancement of healthcare services.
Official website here: www.mcvfoundation.org
Who is the CEO of Medical College Of Va Foundation?
Margaret Ann Bollmeier is the President & Ceo of Medical College Of Va Foundation. The CEO's salary of Medical College Of Va Foundation is $391,025 and their total compensation is $437,583.
Official website here: www.mcvfoundation.org
What is the revenue of Medical College Of Va Foundation?
Medical College Of Va Foundation's revenue in 2022 was $47,988,009.
Official website here: www.mcvfoundation.org
Who are the executives of Medical College Of Va Foundation and what are their salaries?
The average compensation at Medical College Of Va Foundation during 2022 was $98,549. There are 23 employees and 41 volunteers at Medical College Of Va Foundation.
Here are 47 key members and their salaries (Medical College Of Va Foundation's CEO's salary is $391,025 and their total compensation is $437,583):
- Compensation: $391,025
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- Other: $46,558
- Compensation: $282,306
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- Other: $35,663
- Compensation: $247,017
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- Other: $32,134
- Compensation: $159,443
- Related: $0
- Other: $23,376
- Compensation: $130,749
- Related: $0
- Other: $20,425
- Compensation: $112,676
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Official website here: www.mcvfoundation.org
Where can I find the form 990 for Medical College Of Va Foundation?
Medical College Of Va Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mcvfoundation.org
Learn more at the official website: www.mcvfoundation.org
Mission Statement of Medical College Of Va Foundation
The Medical College of Va Foundation, a philanthropic organization, plays a crucial role in inspiring, seeking, securing, and stewarding funds for VCU Health. The Foundation's primary mission is to support VCU Health through various means, with a focus on education, research, and general expenses. With its inspiring vision, the Foundation seeks to make a positive impact on the healthcare sector by providing essential resources to VCU Health. Through its actions, it empowers VCU Health to deliver top-notch healthcare services and advance medical knowledge. By securing philanthropic resources, the Foundation enables VCU Health to continue its mission, ensuring that it can provide the best possible care for its patients. The Foundation also assumes the responsibility of stewarding these resources effectively, ensuring their use aligns with the broader objectives of VCU Health.
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Impact
October, 2024
The Medical College of Virginia Foundation plays a crucial role in enhancing the capabilities and reach of VCU Health through its philanthropic efforts. By inspiring, seeking, securing, and stewarding financial resources, the foundation significantly contributes to education, research, and general expenses that support the mission of VCU Health.
Its impact is evident in the advancement of medical education, enabling students and professionals to access high-quality training and resources. Additionally, the foundation's support fosters innovative research initiatives that lead to breakthroughs in healthcare, ultimately improving patient outcomes and community health in Richmond, Virginia, and beyond. Through these efforts, the MCV Foundation strengthens the foundation of healthcare and education, ensuring that VCU Health remains a leader in medical services and research.
This information is meant to be a general summary of Medical College Of Va 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: $10,155,657
- Program Service Revenue: $1,793,976
- Gross Receipts: $47,988,009
Assets and Liabilities:
- Total Assets: $827,958,797
- Total Liabilities: $7,845,216
- Net Assets: $820,113,581
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EDUCATIONAL PROGRAMS, LECTURES,
SEMINARS & CLASSES
Revenue
$1,793,976
Organization Details
Founding Year
1949
Phone
(804) 828-9734Principal Officer
Margaret Ann Bollmeier
Main Address
PO Box 980234, Richmond, VA, 232980234
Website
www.mcvfoundation.orgNTEE Category
Code: B11 - Education
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