Overview
What is West Virginia State University Research & Development Corporation?
West Virginia State University Research & Development Corporation is a nonprofit organization located in Institute, West Virginia. Funded by the U.S. Department of Education's Title III program, the corporation aims to support and foster research and economic development activities at West Virginia State University. This includes upgrading the library, science labs, student activities, faculty development, and advancement activities. With a team of 167 employees, the corporation aligns its efforts with the educational objectives and mission of West Virginia State University, contributing to the growth and progress of the institution.
Official website here: www.wvstateu.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
The West Virginia State University Research & Development Corporation has received an impressive Four-Star rating from Charity Navigator, reflecting strong accountability and financial practices. The organization scored 92% in the Accountability & Finance category, which underscores its commitment to transparency and effective management of funds. This high score is bolstered by a perfect audit score and the absence of any material diversion of assets, indicating a well-managed organization.
Strengths noted include an independent board comprised of four members, ensuring strong governance. The organization adheres to rigorous financial practices, as evidenced by a program expense ratio of 98.59%, which signifies that most of its funding goes directly to its programs. Additional policies, such as conflict of interest and whistleblower protections, are in place, further supporting its robust ethical framework.
While the organization displays a strong financial health with a liabilities to assets ratio of 44.57%, the summary does not highlight any specific areas for improvement. Overall, this rating reflects the organization's effective oversight and commitment to accountability, positioning it as a trustworthy nonprofit within its sector.
This AI summary has been generated from information found on Charity Navigator.
Is West Virginia State University Research & Development Corporation legitimate?
West Virginia State University Research & Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. West Virginia State University Research & Development Corporation 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: $283,833
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,560,689
For more financial information, click here
Official website here: www.wvstateu.edu
What is the mission statement of West Virginia State University Research & Development Corporation?
The West Virginia State University Research & Development Corporation is dedicated to fostering, supporting, and assisting in any research and economic development activities aligned with the educational objectives and mission of West Virginia State University. The corporation plays a crucial role in upgrading library facilities, enhancing science labs, student activities, and faculty development at the university, all made possible by Title III funds from the U.S. Department of Education.
Official website here: www.wvstateu.edu
Who is the CEO of West Virginia State University Research & Development Corporation?
Kimberly Duff is the Executive Director of West Virginia State University Research & Development Corporation.
Official website here: www.wvstateu.edu
What is the revenue of West Virginia State University Research & Development Corporation?
West Virginia State University Research & Development Corporation's revenue in 2022 was $13,215,542.
Official website here: www.wvstateu.edu
Who are the executives of West Virginia State University Research & Development Corporation and what are their salaries?
The average compensation at West Virginia State University Research & Development Corporation during 2022 was $29,009. There are 167 employees and 4 volunteers at West Virginia State University Research & Development Corporation.
Here are 14 key members and their salaries:
- Compensation: $97,980
- Related: $0
- Other: $26,035
- Compensation: $159,024
- Related: $0
- Other: $15,829
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $2,500
- Other: $0
Official website here: www.wvstateu.edu
Where can I find the form 990 for West Virginia State University Research & Development Corporation?
West Virginia State University Research & Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wvstateu.edu
Learn more at the official website: www.wvstateu.edu
Mission Statement of West Virginia State University Research & Development Corporation
West Virginia State University Research & Development Corporation, often referred to as WVSU R&D, is a dynamic and essential entity that fosters, supports, and assists in any research and economic development activities consistent with the educational objectives and mission of West Virginia State University. In simpler terms, its role is to enhance the research capabilities and economic growth of the esteemed West Virginia State University.
The organization has received Title III funds from the U.S. Department of Education to support various upgrades and expansions at the university. These funds have been allocated for the improvement of the library, science labs, student activities, faculty development, and advancement activities. By doing so, WVSU R&D contributes significantly to the overall growth and development of West Virginia State University, ensuring that it remains at the forefront of academic and research advancements within its community.
Moreover, WVSU R&D is dedicated to strengthening Historically Black Colleges and Universities (HBCUs) by investing in their infrastructure and educational resources. This commitment to HBCUs not only helps these institutions maintain their rich academic heritage but also prepares them for the future by fostering innovation and economic development. As a result, the organization plays a vital role in promoting educational excellence and promoting economic growth within the HBCU community.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
West Virginia State University Research & Development Corporation plays a vital role in enhancing research and economic development initiatives at West Virginia State University (WVSU). By focusing on the advancement of educational objectives, the Corporation fosters an environment conducive to academic growth and innovation.
Through initiatives supported by Title III funding from the U.S. Department of Education, significant improvements have been made in critical areas such as library resources, science laboratories, student activities, and faculty development. These enhancements not only elevate the educational experience for students but also strengthen the university’s infrastructure, promoting a richer learning environment.
Moreover, the Corporation actively assists in various research activities that align with the university’s mission. By bridging the gap between academic research and practical application, it encourages the development of new knowledge and technologies that can drive economic progress in the region. This interplay between research and economic development further amplifies WVSU’s impact on the local community and beyond, fostering growth and opportunity for students and residents alike.
This information is meant to be a general summary of West Virginia State University Research & Development Corporation. 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: -$6,206
- Gross Receipts: $13,221,838
Assets and Liabilities:
- Total Assets: $4,178,465
- Total Liabilities: $2,271,301
- Net Assets: $1,907,164
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1991
Phone
(304) 766-4133Principal Officer
Kimberly Duff
Main Address
PO BOX 1000 200 ACEOP ADMIN BLDG, INSTITUTE, WV, 25112
Website
www.wvstateu.eduNTEE Category
Code: B43 - Education
If you are a representative of West Virginia State University Research & Development Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.