Overview
What is West Virginia Independent Colleges And Universities Inc?
West Virginia Independent Colleges and Universities Inc, based in Charleston, West Virginia, is a nonprofit organization that champions independent higher education within the state. Their mission is to collectively advocate for the interests of West Virginia's independent colleges and universities and their students. They solicit contributions from foundations, corporations, and individuals to grant scholarships to deserving West Virginia students demonstrating high academic performance and financial need at their seven member colleges and universities. The organization currently serves eight not-for-profit member institutions, aiming to make independent higher education an accessible, indispensable, and highly visible component of West Virginia's educational, economic, and cultural life.
Official website here: www.wvicu.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Star rating)
West Virginia Independent Colleges and Universities Inc has earned a 77% rating from Charity Navigator, reflecting its solid performance in accountability and finance. The rating indicates a commendable commitment to financial oversight and transparency. However, the organization has room for improvement, particularly in areas related to board independence and documentation practices.
The organization showcases strengths in its financial management, with no reported material diversion of assets and high scores in financial statements oversight. Additionally, it has a strong program expense ratio of 76.56%, demonstrating an effective allocation of resources towards its mission. However, the absence of a documented retention and destruction policy, as well as the missing tax forms on its website, highlights some gaps in compliance and transparency.
Despite these limitations, the organization benefits from a majority independent board size, which can contribute to better governance. The overall evaluation suggests that while West Virginia Independent Colleges and Universities Inc operates effectively in some aspects, enhancing accountability measures and addressing documentation shortcomings could significantly bolster its overall rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is West Virginia Independent Colleges And Universities Inc legitimate?
West Virginia Independent Colleges And Universities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. West Virginia Independent Colleges And Universities 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.wvicu.org
What is the mission statement of West Virginia Independent Colleges And Universities Inc?
West Virginia Independent Colleges and Universities Inc. has a mission to champion independent higher education across the state. Their vision is to make independent higher education an essential and prominent part of West Virginia's educational, economic, and cultural life. To accomplish this, they collectively advocate for the interests of West Virginia's independent colleges and universities and their students. They seek contributions from foundations, corporations, and individuals, which are then used to grant scholarships to deserving students with high academic performance and financial need at their seven member colleges and universities.
Official website here: www.wvicu.org
What is the revenue of West Virginia Independent Colleges And Universities Inc?
West Virginia Independent Colleges And Universities Inc's revenue in 2023 was $442,587.
Official website here: www.wvicu.org
Who are the executives of West Virginia Independent Colleges And Universities Inc and what are their salaries?
Here are 14 key members and their salaries:
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Official website here: www.wvicu.org
Where can I find the form 990 for West Virginia Independent Colleges And Universities Inc?
West Virginia Independent Colleges And Universities Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.wvicu.org
Learn more at the official website: www.wvicu.org
Mission Statement of West Virginia Independent Colleges And Universities Inc
West Virginia Independent Colleges and Universities Inc, also known as WVICU, is dedicated to promoting the significance of independent higher education within West Virginia. Their mission is multifaceted, with a primary focus on advocating for the collective interests of the state's independent colleges and universities and their students. By doing so, WVICU aims to ensure that these institutions remain an integral part of West Virginia's educational, economic, and cultural landscape.
To achieve this mission, WVICU solicits financial contributions from foundations, corporations, and individuals. These funds are then utilized to grant scholarships to deserving West Virginia students who demonstrate exceptional academic performance and financial need at the organization's seven member colleges and universities. This initiative not only aids in making higher education more accessible but also helps to recognize and support talented students who might otherwise be unable to afford it. In this way, WVICU plays a crucial role in nurturing the intellectual growth and potential of West Virginia's future leaders.
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Impact
July, 2024
West Virginia Independent Colleges and Universities Inc, through its mission to champion independent higher education throughout the state of West Virginia, has a significant impact on the educational landscape of the state. By serving eight not-for-profit member institutions, WVICU ensures that independent higher education is accessible, indispensable, and highly visible in the state's educational, economic, and cultural life.
One of the key ways in which WVICU makes an impact is through its scholarship program, which provides financial assistance to West Virginia students who demonstrate high academic performance and financial need at the member colleges and universities. These scholarships play a crucial role in enabling students to access quality education and pursue their academic goals.
Additionally, by advocating for the interests of independent colleges and universities in West Virginia, WVICU helps to strengthen and support the higher education sector in the state. Through its efforts, WVICU contributes to the overall educational advancement and development of the state, ensuring that students have diverse educational opportunities and institutions to choose from.
In summary, West Virginia Independent Colleges and Universities Inc plays a vital role in promoting and supporting independent higher education in West Virginia, ultimately benefiting students, institutions, and the state as a whole.
This information is meant to be a general summary of West Virginia Independent Colleges And Universities 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: $23,128
- Program Service Revenue: $144,200
- Gross Receipts: $442,587
Assets and Liabilities:
- Total Assets: $3,092,498
- Total Liabilities: $1,815,544
- Net Assets: $1,276,954
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES/ASSESS
Revenue
$144,200
Organization Details
Founding Year
1951
Principal Officer
Benjamin R Beakes
Website
www.wvicu.orgNTEE Category
Code: B00J - Education
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