Overview
What is West Virginia University Foundation Inc?
West Virginia University Foundation Inc, located at One Waterfront Place 7th Floor, Morgantown, WV, is a charitable organization dedicated to supporting West Virginia University and its affiliated organizations. The organization utilizes private funding to aid students across multiple schools, colleges, and departments, with significant contributions going to the Department of Intercollegiate Athletics, the Eberly College of Arts and Sciences, the College of Agriculture, Natural Resources and Design, and the Statler College of Engineering and Mineral Resources. Scholarships provided cover tuition, books, and room and board, enabling the recruitment of nationally prominent students and offering opportunities to pursue academic careers at the highest level. With a mission to enrich lives touched by West Virginia University, the Foundation maximizes private charitable support and offers services to the university and its non-profit affiliated organizations. The organization employs a workforce of 183 individuals.
Official website here: www.wvuf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 85% - Three-Star out of Four Stars .ating.
The West Virginia University Foundation Inc holds a solid Three-Star rating with a score of 85%, indicating a strong performance in accountability and finance. The organization boasts a high percentage of independent board members and an effective audit and oversight committee, underscoring its commitment to transparency and governance. Additionally, the foundation adheres to best practices with policies in place for conflicts of interest, whistleblower protections, and document retention.
Financially, the foundation shows impressive efficiency with a program expense ratio of 82.86%, demonstrating that a significant portion of funds goes directly towards its programs. Furthermore, its fundraising efficiency is commendable at $0.14, meaning it raises a substantial amount for every dollar spent on fundraising activities. This highlights the foundation's ability to effectively manage resources and direct them towards its mission.
While the organization generally performs well, continuous monitoring and improvements in strategy could enhance its outreach and impact. Overall, the West Virginia University Foundation Inc appears to be a responsible and effective nonprofit, making positive contributions to its community.
This AI summary has been generated from information found on Charity Navigator.
Is West Virginia University Foundation Inc legitimate?
West Virginia University Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. West Virginia 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: $2,762,694
Professional Fundraising Fees: $483,580
Other Salaries and Wages: $27,934,529
For more financial information, click here
Official website here: www.wvuf.org
What is the mission statement of West Virginia University Foundation Inc?
The West Virginia University Foundation Inc is dedicated to enhancing the lives of those connected to West Virginia University by maximizing private charitable support and offering services to the university and its affiliated non-profit organizations. Through the utilization of private funding, the foundation supports students across various schools, colleges, and departments, with a notable focus on the Department of Intercollegiate Athletics, the Eberly College of Arts and Sciences, the College of Agriculture, Natural Resources and Design, and the Statler College of Engineering and Mineral Resources. Scholarship amounts, which include tuition, books, and room and board, are used to attract prominent students and to provide opportunities for others to pursue an academic career at the highest level.
Official website here: www.wvuf.org
Who is the CEO of West Virginia University Foundation Inc?
Cynthia L Roth is the President & Ceo of West Virginia University Foundation Inc. The CEO's salary of West Virginia University Foundation Inc is $83,216 and their total compensation is $111,853.
Official website here: www.wvuf.org
What is the revenue of West Virginia University Foundation Inc?
West Virginia University Foundation Inc's revenue in 2022 was $221,489,920.
Official website here: www.wvuf.org
Who are the executives of West Virginia University Foundation Inc and what are their salaries?
The average compensation at West Virginia University Foundation Inc during 2022 was $167,744. There are 183 employees and 28 volunteers at West Virginia University Foundation Inc.
Here are 39 key members and their salaries (West Virginia University Foundation Inc's CEO's salary is $83,216 and their total compensation is $111,853):
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Official website here: www.wvuf.org
Where can I find the form 990 for West Virginia University Foundation Inc?
West Virginia University Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wvuf.org
Learn more at the official website: www.wvuf.org
Mission Statement of West Virginia University Foundation Inc
The West Virginia University Foundation Inc plays a vital role in enriching the lives of individuals connected to West Virginia University (WVU) by maximizing private charitable support and providing essential services to the university and its affiliated organizations. The mission of the WVU Foundation is to benefit WVU and its related non-profits by utilizing private funding in various ways.
One of the most significant areas where the WVU Foundation makes a difference is in supporting students across multiple schools, colleges, and departments at the university. Notable initiatives include the Department of Intercollegiate Athletics, the Eberly College of Arts and Sciences, the College of Agriculture, Natural Resources and Design, and the Statler College of Engineering and Mineral Resources. Through scholarships, the organization provides crucial financial assistance to students in the form of tuition, books, and room and board. This support not only helps WVU recruit nationally prominent students but also allows other students the opportunity to pursue an academic career at the highest level.
The WVU Foundation's commitment to students extends beyond financial assistance, as it aims to give them the best possible educational experience. By utilizing private funds, the organization enables the university to provide resources and opportunities that might not otherwise be available. Ultimately, the WVU Foundation's mission is to make a positive impact on the lives of those connected to West Virginia University, ensuring their academic and personal growth.
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Impact
October, 2024
West Virginia University Foundation Inc significantly enhances the educational landscape of West Virginia University and its affiliated organizations by leveraging private funding to support a diverse range of programs and initiatives. The Foundation focuses on enriching the academic experience for students across various schools and colleges, including the Department of Intercollegiate Athletics, Eberly College of Arts and Sciences, College of Agriculture, Natural Resources and Design, and Statler College of Engineering and Mineral Resources.
Through generous scholarships that cover tuition, books, and room and board, the Foundation plays a crucial role in attracting nationally prominent students while also providing essential financial support to ensure that other students have the opportunity to pursue their academic ambitions at the highest level. This investment not only fosters individual success but also contributes to the overall growth and reputation of West Virginia University, empowering its graduates to make meaningful contributions to society. As a result, the Foundation's impact extends beyond the campus, benefiting the larger West Virginia community and beyond through the cultivation of skilled professionals and engaged citizens.
This information is meant to be a general summary of West Virginia 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: $92,557,252
- Program Service Revenue: $14,705,327
- Gross Receipts: $604,827,795
Assets and Liabilities:
- Total Assets: $2,666,942,947
- Total Liabilities: $1,422,336,335
- Net Assets: $1,244,606,612
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OTHER
Revenue
$9,748,311
AGENCY FEES
Revenue
$4,358,479
CONTRACTUAL AGREEMENTS
Revenue
$598,537
Organization Details
Founding Year
1954
Phone
(304) 284-4000Principal Officer
Cynthia L Roth
Main Address
ONE WATERFRONT PLACE 7TH FLOOR, MORGANTOWN, WV, 265071650
Website
www.wvuf.orgNTEE Category
Code: B110 - Education
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