Overview
What is Virginia State University Foundation?
Virginia State University Foundation is a nonprofit organization situated in Petersburg, Virginia. With a modest team of three individuals, its primary mission is to aid in the advancement and expansion of Virginia State University. The foundation accomplishes this by managing and distributing donations and contributions received. An essential aspect of their work involves offering scholarships and awards to deserving students, as evidenced by the 296 scholarships granted during the recent year. By supporting Virginia State University in this manner, the foundation plays a crucial role in fostering academic excellence and personal growth among its student population.
Official website here: www.foundation.vsu
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 93% (Four-Star out of Four Star rating)
Virginia State University Foundation has achieved an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and transparency. This rating is based on a comprehensive evaluation that considers both financial health and the impact of programs, with the foundation excelling particularly in its impact and measurement score, which stands at a perfect 100.
The foundation effectively increases financial support for scholarship recipients, providing more than $1.50 for every dollar spent, which showcases its efficient utilization of resources. This strong performance in generating positive outcomes reinforces the foundation's commitment to enhancing educational opportunities for students.
While the overall financial accountability score is solid at 85, there may still be areas for improvement. Despite this, the foundation's high impact score and effective financial strategies position it well in the nonprofit sector, making it a worthy organization for donors looking to support educational initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Virginia State University Foundation legitimate?
Virginia State University Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Virginia State University 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: $185,080
Professional Fundraising Fees: $0
Other Salaries and Wages: $40,369
For more financial information, click here
Official website here: www.foundation.vsu
What is the mission statement of Virginia State University Foundation?
The Virginia State University Foundation's mission is to support the mission of Virginia State University by receiving, managing, and distributing donations and contributions. These funds are utilized to aid in the enhancement and growth of the university. Specifically, the foundation awards scholarships and grants to students, as demonstrated by the distribution of 296 scholarships during a particular year. The foundation's role is instrumental in contributing to the university's progress and the educational opportunities of its students.
Official website here: www.foundation.vsu
What is the revenue of Virginia State University Foundation?
Virginia State University Foundation's revenue in 2024 was $4,611,259.
Official website here: www.foundation.vsu
Who are the executives of Virginia State University Foundation and what are their salaries?
The average compensation at Virginia State University Foundation during 2024 was $75,150. There are 3 employees and 27 volunteers at Virginia State University Foundation.
Here are 23 key members and their salaries:
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Official website here: www.foundation.vsu
Where can I find the form 990 for Virginia State University Foundation?
Virginia State University Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.foundation.vsu
Learn more at the official website: www.foundation.vsu
Mission Statement of Virginia State University Foundation
Virginia State University Foundation plays a crucial role in supporting the mission of Virginia State University. By receiving, managing, and distributing donations and contributions, this organization contributes to the enhancement and growth of the university. One of their primary tasks is providing scholarships and awards to students, as evidenced by the 296 scholarships awarded during a recent year. This financial aid helps to foster academic success and growth among the student body. By supporting Virginia State University in this way, the Foundation contributes to the university's overall mission and the future of its students.
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Impact
July, 2024
The Virginia State University Foundation plays a crucial role in supporting the mission of Virginia State University by receiving, managing, and distributing donations and contributions that aid in the enhancement and growth of the university. One significant way the foundation impacts the university community is by providing scholarships and awards to students. In the past year alone, the foundation awarded 296 scholarships to deserving students, enabling them to pursue their educational goals and succeed in their academic endeavors. Through its efforts, the foundation contributes to the educational advancement and success of students at Virginia State University, making a significant impact on the lives of individuals and the broader community.
This information is meant to be a general summary of Virginia State University 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: $721,832
- Gross Receipts: $34,840,591
Assets and Liabilities:
- Total Assets: $28,931,771
- Total Liabilities: $4,248,427
- Net Assets: $24,683,344
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Organization Details
Founding Year
1968
Principal Officer
Robert L Turner Jr
Website
www.foundation.vsuNTEE Category
Code: B11 - Education
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