Overview
What is The German Club Alumni Foundation Inc?
The German Club Alumni Foundation Inc, based in Blacksburg, Virginia, serves as a unifying force for German Club alumni, fostering continued fellowship and encouraging leadership for the benefit of the club, its members, and Virginia Polytechnic Institute and State University. Their primary objective is to perpetuate the German Club as a significant student organization and support its activities, aligning with the club's principles and code of ethics. With a team of three dedicated individuals, they maintain facilities for use by university groups and other community organizations.
Official website here: www.vtgc.net
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Star rating)
The German Club Alumni Foundation Inc received an 84% rating from Charity Navigator, indicating a solid level of accountability and financial health. With a high percentage of independent board members (98%) and an excellent program expense ratio of 76.48%, the organization demonstrates commitment to transparency and efficient use of resources in fulfilling its mission.
However, there are notable areas for improvement. The foundation lacks several key policies, including conflict of interest, whistleblower, and document retention policies, which could undermine its overall governance practices. Additionally, the absence of its tax form on the nonprofit's website limits transparency for potential donors and stakeholders.
Overall, while the German Club Alumni Foundation Inc shows strong financial indicators and governance in certain aspects, addressing the missing policies and enhancing transparency would strengthen its credibility and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is The German Club Alumni Foundation Inc legitimate?
The German Club Alumni Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The German Club Alumni 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: $73,693
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.vtgc.net
What is the mission statement of The German Club Alumni Foundation Inc?
The German Club Alumni Foundation Inc is established to serve as a unifying force, bringing together German Club alumni for fellowship and fostering leadership for service to the German Club, its alumni, and Virginia Polytechnic Institute and State University. Its mission is to perpetuate the German Club as a valuable and viable student organization and encourage and support the club and its alumni in their actions that uphold the club's principles and code of ethics, thereby reinforcing the university's motto "Ut Prosim."
Official website here: www.vtgc.net
Who is the CEO of The German Club Alumni Foundation Inc?
Tommy Yambrick is the Board Member of The German Club Alumni Foundation Inc.
Official website here: www.vtgc.net
What is the revenue of The German Club Alumni Foundation Inc?
The German Club Alumni Foundation Inc's revenue in 2022 was $1,110,700.
Official website here: www.vtgc.net
Who are the executives of The German Club Alumni Foundation Inc and what are their salaries?
The average compensation at The German Club Alumni Foundation Inc during 2022 was $24,564. There are 3 employees at The German Club Alumni Foundation Inc.
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Official website here: www.vtgc.net
Where can I find the form 990 for The German Club Alumni Foundation Inc?
The German Club Alumni Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.vtgc.net
Learn more at the official website: www.vtgc.net
Mission Statement of The German Club Alumni Foundation Inc
The German Club Alumni Foundation, Inc. serves as a unifying force to bring together German Club alumni, fostering a sense of fellowship and encouraging leadership for service to the German Club, its alumni, and Virginia Polytechnic Institute and State University. The organization's mission is to perpetuate the German Club as a valuable and viable student organization, and to support the club and its alumni in their deeds and services that uphold the club's ritual, constitution, principles, and code of ethics, embodied in the university's motto, "Ut Prosim" (That I May Serve). In essence, the German Club Alumni Foundation, Inc. aims to strengthen the bond between alumni, promote the German Club, and inspire its members to uphold the organization's values and principles.
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Impact
July, 2024
The German Club Alumni Foundation Inc serves as a unifying force, bringing German Club alumni together to foster leadership, service, and fellowship. It aims to support the German Club and its alumni in upholding the club's ritual, constitution, and ethical principles. Additionally, the foundation maintains facilities for use by university and community groups, contributing to the enrichment of educational and cultural experiences.
This information is meant to be a general summary of The German Club Alumni 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.
- Program Service Revenue: $139,907
- Gross Receipts: $1,110,700
Assets and Liabilities:
- Total Assets: $7,601,935
- Total Liabilities: $391,238
- Net Assets: $7,210,697
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FACILITIES RENTAL
Revenue
$65,115
PARKING
Revenue
$58,089
MERCHANDISE
Revenue
$16,086
MISCELLANEOUS
Revenue
$617
Organization Details
Founding Year
1977
Phone
(540) 552-6830Principal Officer
Tommy Yambrick
Main Address
711 SOUTHGATE DRIVE, BLACKSBURG, VA, 24060
Website
www.vtgc.netNTEE Category
Code: B84Z - Education
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