Overview
What is W Va Wesleyan College Alumni Permanent?
W Va Wesleyan College Alumni Permanent is a nonprofit organization, identified by the name "W Va Wesleyan College Alumni Permanent," with a specific mission. Located elsewhere than West Virginia, as indicated by its Florida mailing address, this organization primarily focuses on generating income. The goal is to provide financial aid in the form of scholarships for students at West Virginia Wesleyan College. Although the details of their operations or additional services are not provided, their primary commitment lies in supporting the educational pursuits of students at this college.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Stars
W Va Wesleyan College Alumni Permanent has received a low rating of 53%, indicating significant concerns regarding its accountability and finance practices. The rating is derived entirely from its accountability and finance score, which raises flags due to the complete absence of independent board members and missing key policies. This lack of governance measures suggests areas for improvement in management oversight.
Despite the concerning governance issues, the organization shows a strong program expense ratio of 90.40%, indicating that it allocates a significant portion of its resources towards its programs. Furthermore, there has been no material diversion of assets, which reflects a level of financial integrity. However, the absence of required policies such as conflict of interest and whistleblower protections could potentially pose risks in operational transparency.
Overall, while W Va Wesleyan College Alumni Permanent demonstrates a commitment to its programming, the lack of independent oversight and essential governance policies may hinder its effectiveness and accountability. Stakeholders may want to consider these factors when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is W Va Wesleyan College Alumni Permanent legitimate?
W Va Wesleyan College Alumni Permanent is a legitimate nonprofit organization registered as a 501(c)(3) entity. W Va Wesleyan College Alumni Permanent 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: $682
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of W Va Wesleyan College Alumni Permanent?
The mission of W Va Wesleyan College Alumni Permanent is centered around generating income. This income is used specifically for the purpose of granting scholarships at West Virginia Wesleyan College. By providing funding for scholarships, the organization aims to support students who may not have the financial means to attend the college, thereby contributing to their education and future prospects. The mission ultimately serves to empower deserving individuals, enabling them to pursue their academic goals and make a positive impact in their respective fields.
Who is the CEO of W Va Wesleyan College Alumni Permanent?
Truist Bank is the Trustee of W Va Wesleyan College Alumni Permanent.
What is the revenue of W Va Wesleyan College Alumni Permanent?
W Va Wesleyan College Alumni Permanent's revenue in 2022 was $2,750.
Who are the executives of W Va Wesleyan College Alumni Permanent and what are their salaries?
There is 1 key member and their salary:
- Compensation: $682
- Related: $0
- Other: $0
Where can I find the form 990 for W Va Wesleyan College Alumni Permanent?
W Va Wesleyan College Alumni Permanent's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of W Va Wesleyan College Alumni Permanent
W Va Wesleyan College Alumni Permanent, as its name suggests, is a nonprofit organization with a mission centered around generating income. This mission, however, is not for its own benefit, but rather, it serves to support West Virginia Wesleyan College by providing scholarships. The primary objective of W Va Wesleyan College Alumni Permanent is to contribute financially towards scholarships at West Virginia Wesleyan College, thereby enabling deserving students to pursue their education without the burden of financial constraints. Through its tireless efforts, this organization has managed to provide funding for scholarships at the college, thereby making higher education more accessible for a multitude of students.
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Impact
October, 2024
W Va Wesleyan College Alumni Permanent plays a crucial role in supporting education by generating income specifically for scholarships at West Virginia Wesleyan College. By providing funding for scholarships, it directly impacts the accessibility of higher education for students in need, allowing them to pursue their academic goals without financial barriers. This enhances the educational landscape at West Virginia Wesleyan College, fostering a diverse student body and promoting academic excellence. The organization's commitment to producing income for scholarships ensures that more individuals have the opportunity to experience the transformative power of education, ultimately benefiting the community and the workforce as these educated individuals contribute back to society.
This information is meant to be a general summary of W Va Wesleyan College Alumni Permanent. 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: $2,750
- Gross Receipts: $4,047
Assets and Liabilities:
- Total Assets: $83,593
- Total Liabilities: $0
- Net Assets: $83,593
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Organization Details
Founding Year
1962
Phone
(304) 348-7271Principal Officer
Truist Bank
Main Address
PO BOX 919798, ORLANDO, FL, 328919798
NTEE Category
Code: B84 - Education
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