Overview
What is Wvma Educational Fund Inc?
Wvma Educational Fund Inc, based in Charleston, West Virginia, is a nonprofit organization dedicated to fostering the growth and development of the manufacturing sector in the state. Their primary mission is to raise awareness about manufacturing careers and the academic preparation required for advanced manufacturing jobs. To achieve this, they conduct various educational programs and initiatives. These include organizing workshops and academies for middle school students, coordinating innovation challenges, and hosting awards ceremonies to recognize outstanding students and educators in the field. Through these efforts, Wvma Educational Fund Inc aims to ensure a skilled workforce to meet the current and future needs of the manufacturing industry in West Virginia.
Official website here: www.wvma.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star Rating)
The Wvma Educational Fund Inc has received an 83% rating from Charity Navigator, indicating strong performance in accountability and finance. This rating is derived solely from the Accountability & Finance score, showcasing the organization's commitment to responsible financial management. The evaluation reflects a well-structured organization with a fully independent board and no material diversion of assets.
The fund has demonstrated proficiency in essential governance practices, scoring full points in areas such as independent board member composition and the absence of asset diversion. While it excels in most accountability measures, it lacks a whistleblower policy and a documented retention and destruction policy, which can be seen as areas for improvement in its governance framework.
Overall, the organization is effectively utilizing its resources, with a program expense ratio of 78.34%, indicating that a significant portion of its funding is directed toward its programs. However, addressing the missing policies could enhance its transparency and governance practices further.
This AI summary has been generated from information found on Charity Navigator.
Is Wvma Educational Fund Inc legitimate?
Wvma Educational Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wvma Educational Fund 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: $38,688
For more financial information, click here
Official website here: www.wvma.com
What is the mission statement of Wvma Educational Fund Inc?
The Wvma Educational Fund Inc is dedicated to promoting a greater awareness of manufacturing careers and the academic preparation required for advanced manufacturing jobs. This organization strives to ensure the availability of skilled workers to meet the needs of the manufacturing industry in the future. To achieve this, they conduct various programs, including academies, workshops, and contests for middle school students, as well as manufacturing innovation challenges and scrap projects. These initiatives aim to inspire interest in manufacturing careers and equip students with the necessary academic skills. Furthermore, the Wvma Educational Fund Inc recognizes outstanding students and educators in the field of manufacturing through awards ceremonies.
Official website here: www.wvma.com
Who is the CEO of Wvma Educational Fund Inc?
Monica Cross is the Chair of Wvma Educational Fund Inc.
Official website here: www.wvma.com
What is the revenue of Wvma Educational Fund Inc?
Wvma Educational Fund Inc's revenue in 2022 was $133,218.
Official website here: www.wvma.com
Who are the executives of Wvma Educational Fund Inc and what are their salaries?
There 231 volunteers at Wvma Educational Fund Inc.
Here are 25 key members and their salaries:
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Official website here: www.wvma.com
Where can I find the form 990 for Wvma Educational Fund Inc?
Wvma Educational Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wvma.com
Learn more at the official website: www.wvma.com
Mission Statement of Wvma Educational Fund Inc
Wvma Educational Fund Inc, with a commitment to the growth and development of manufacturing education in West Virginia, is dedicated to promoting a greater awareness of manufacturing careers and the academic preparation required for advanced manufacturing jobs. The organization's mission is threefold: first, it aims to raise public understanding of the opportunities and rewards that manufacturing careers offer; second, it seeks to ensure the availability of skilled workers to meet the current and projected needs of the manufacturing industry; and third, it works in partnership with others to ensure the success of manufacturing workforce development in the state.
Throughout the year, Wvma Educational Fund Inc organizes various events and initiatives to achieve its mission. During the first half of the year, the organization held seven academies and six workshops for middle school students, as well as completed nineteen teams for the 'What's So Cool About Manufacturing' student video contest. Additionally, it coordinated efforts for twelve manufacturing innovation challenges and three scrap projects. These activities aim to engage students and educators in the world of manufacturing, foster an interest in advanced manufacturing careers, and provide opportunities for hands-on learning and skill development.
In the spring, four regional awards ceremonies were held to recognize and celebrate the achievements of participating students, their parents, educators, and manufacturers. These events provided an opportunity to acknowledge the outstanding work of three students and five educators in the field of manufacturing. Furthermore, Wvma Educational Fund Inc hosted its third Educators' Roundtable in June, bringing together a panel of program participants to discuss and share their experiences and insights.
In summary, Wvma Educational Fund Inc is a nonprofit organization dedicated to promoting manufacturing careers and the academic preparation required for advanced manufacturing jobs. Through its various events and initiatives, it seeks to raise public awareness, ensure the availability of skilled workers, and support the success of manufacturing workforce development in West Virginia.
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Impact
October, 2024
Wvma Educational Fund Inc plays a crucial role in advancing the manufacturing sector in West Virginia by promoting awareness of manufacturing careers and the necessary academic preparations for advanced manufacturing jobs. Its commitment to manufacturing education influences workforce development, ensuring that the state has a pool of skilled workers to meet current and future manufacturing demands.
Throughout the year, the organization engages middle school students through academies, workshops, and innovative contests, igniting interest in manufacturing careers. Initiatives like the "What's So Cool About Manufacturing?" video contest not only challenge students creatively but also connect them with industry realities. By hosting regional and statewide awards ceremonies, the Fund recognizes the achievements of students and educators, fostering a culture of excellence and motivation.
The organization's efforts extend into community collaboration, where it coordinates manufacturing innovation challenges and scrap projects, demonstrating a hands-on approach to learning and innovation. By encouraging involvement from parents, educators, and local manufacturers, Wvma Educational Fund Inc strengthens the community's ties to the manufacturing sector, ensuring a sustainable and skilled workforce for the future.
This information is meant to be a general summary of Wvma Educational Fund 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.
- Gross Receipts: $133,218
Assets and Liabilities:
- Total Assets: $133,862
- Total Liabilities: $73,617
- Net Assets: $60,245
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Organization Details
Founding Year
2013
Phone
(304) 370-3167Principal Officer
Monica Cross
Main Address
2001 QUARRIER STREET, CHARLESTON, WV, 25311
Website
www.wvma.comNTEE Category
Code: B90 - Education
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