Overview
What is West Liberty University Foundation Inc?
West Liberty University Foundation Inc, located in West Liberty, West Virginia, serves as a vital entity that supports and strengthens West Liberty University by managing private funds. Its primary objective is to increase opportunities for students from diverse backgrounds to pursue higher education. The foundation achieves this by overseeing various scholarship programs, acting as a channel for numerous scholarships awarded to West Liberty University students. With a team of five dedicated individuals, it raises, invests, and manages these private funds to enhance the university's standing.
Official website here: www.wlufoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Stars)
West Liberty University Foundation Inc has received a commendable Four-Star rating from Charity Navigator, showcasing a strong commitment to accountability and financial health. The foundation's rating is particularly notable due to its perfect scores in several key areas, including independent board member representation and financial oversight. The absence of material diversion of assets further reinforces the organization's integrity in managing funds.
Strengths highlighted in the evaluation include a high program expense ratio of 81.16%, indicating that a significant majority of funds are directed toward its mission-driven activities. The foundation also boasts a favorable liabilities to assets ratio of 0.22%, suggesting a solid financial position with minimal debt. Additionally, the organization has established effective governance practices, with all board members being independent and a well-documented conflict of interest policy in place.
However, there is a limitation regarding the absence of a whistleblower policy, which resulted in a score of zero in that area. This gap may raise concerns about transparency and the protection of individuals who report unethical practices. Despite this, overall, the West Liberty University Foundation Inc demonstrates a strong financial performance and governance, making it a reliable organization for potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is West Liberty University Foundation Inc legitimate?
West Liberty University Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. West Liberty University 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $184,777
For more financial information, click here
Official website here: www.wlufoundation.org
What is the mission statement of West Liberty University Foundation Inc?
The West Liberty University Foundation's mission is to support and strengthen West Liberty University by raising, investing, and managing private funds. Their primary goal is to increase opportunities for students from diverse backgrounds to pursue higher education. The foundation serves as a facilitator for various scholarships granted to West Liberty University students. By doing so, they strive to sustain the university's growth and development.
Official website here: www.wlufoundation.org
Who is the CEO of West Liberty University Foundation Inc?
Angela Zambito Hill is the Vice Chair of West Liberty University Foundation Inc.
Official website here: www.wlufoundation.org
What is the revenue of West Liberty University Foundation Inc?
West Liberty University Foundation Inc's revenue in 2022 was $4,184,811.
Official website here: www.wlufoundation.org
Who are the executives of West Liberty University Foundation Inc and what are their salaries?
The average compensation at West Liberty University Foundation Inc during 2022 was $36,955. There are 5 employees and 23 volunteers at West Liberty University Foundation Inc.
Here are 27 key members and their salaries:
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Official website here: www.wlufoundation.org
Where can I find the form 990 for West Liberty University Foundation Inc?
West Liberty University Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wlufoundation.org
Learn more at the official website: www.wlufoundation.org
Mission Statement of West Liberty University Foundation Inc
West Liberty University Foundation, as an organization, is committed to raising, investing, and managing private funds with the primary goal of strengthening West Liberty University and expanding educational opportunities for students from diverse backgrounds. Their mission is to support, enhance, and sustain West Liberty University by effectively utilizing private funds. The Foundation serves as a conduit for various scholarships, channeling financial aid to numerous students enrolled at the university. By fulfilling this role, West Liberty University Foundation contributes significantly to the academic success and future prospects of its student body.
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Impact
July, 2024
West Liberty University Foundation Inc plays a crucial role in supporting, strengthening, and sustaining West Liberty University through the raising, investment, and stewardship of private funds. The foundation's impact is felt through its scholarship programs, which provide opportunities for students of all backgrounds to pursue higher education. By acting as a conduit for various scholarships at West Liberty University, the foundation opens doors for numerous students to access the resources they need to further their education and achieve their goals. Through these efforts, West Liberty University Foundation Inc is instrumental in increasing opportunities for students and enriching the educational experience at the university.
This information is meant to be a general summary of West Liberty University 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 2022.
- Investment Income: $1,832,404
- Program Service Revenue: $117,561
- Gross Receipts: $6,956,172
Assets and Liabilities:
- Total Assets: $23,210,678
- Total Liabilities: $13,240
- Net Assets: $23,197,438
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OTHER PROGRAM REVENUE
Revenue
$117,561
Organization Details
Founding Year
1964
Phone
(304) 336-5635Principal Officer
Angela Zambito Hill
Main Address
WEST LIBERTY UNIVERSITY, WEST LIBERTY, WV, 26074
Website
www.wlufoundation.orgNTEE Category
Code: B82 - Education
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