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Va Foundation For Independent Colleges

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 540554396 ✦ Richmond, VA ✦ Designated as a 501(c)(3)

Overview

What is Va Foundation For Independent Colleges?

The Va Foundation for Independent Colleges is a nonprofit organization situated in Richmond, Virginia. Their primary mission is to support and enhance the distinctive values and strengths of fifteen smaller, undergraduate, residential Virginia member colleges. They achieve this by securing private-sector funding, increasing visibility, facilitating collaborative initiatives between the colleges, and backing initiatives that ensure affordable, personalized education for future leaders. The foundation provides both unrestricted and restricted contributions to meet the crucial needs of its sixteen member institutions, funding various aspects such as campus operations, academic program development, and faculty development. With a team of five dedicated individuals, the Va Foundation for Independent Colleges significantly contributes to the educational landscape in Virginia.


Official website here: www.vfic.org

Is Va Foundation For Independent Colleges legitimate?

Va Foundation For Independent Colleges is a legitimate nonprofit organization registered as a 501(c)(3) entity. Va Foundation For Independent Colleges 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.

Here are some key statistics you may want to consider:

Executive Compensation: $516,077
Professional Fundraising Fees: $0
Other Salaries and Wages: $127,227

For more financial information, click here


Official website here: www.vfic.org

What is the mission statement of Va Foundation For Independent Colleges?

The Virginia Foundation for Independent Colleges' mission is to enhance the distinctive values and strengths of fifteen smaller, undergraduate, residential Virginia member colleges. This is achieved by procuring financial support from the private sector, boosting visibility, fostering innovative and collaborative initiatives among the colleges, and backing initiatives that ensure the affordable choice of a personalized educational experience for future citizen-leaders, remains accessible. The foundation facilitates these objectives by acting as a bridge between the colleges and potential donors, thereby contributing to their growth and success.


Official website here: www.vfic.org

Who is the CEO of Va Foundation For Independent Colleges?

Matthew Shank is the Trustee of Va Foundation For Independent Colleges.


Official website here: www.vfic.org

What is the revenue of Va Foundation For Independent Colleges?

Va Foundation For Independent Colleges's revenue in 2022 was $1,487,532.


Official website here: www.vfic.org

Who are the executives of Va Foundation For Independent Colleges and what are their salaries?

The average compensation at Va Foundation For Independent Colleges during 2022 was $128,661. There are 5 employees and 20 volunteers at Va Foundation For Independent Colleges.

Here are 69 key members and their salaries:

    Matthew Shank (President)
  • Compensation: $287,003
  • Related: $0
  • Other: $49,678

    • Mary-Beth Johnson (Chief Operating Officer)
  • Compensation: $143,634
  • Related: $0
  • Other: $30,067

    • A Marshall Acuff Jr (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nancy H Agee (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • George F Albright Jr (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John C Asbury (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joseph L Austin Md (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Frank Batten Jr (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • W Earle Betts Iii (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • George Y Birdsong (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Victor K Branch (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Charles L Cabell Esq (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John M Camp Iii (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Victor O Cardwell Esq (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Theodore L Chandler Jr (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • C Lynch Christian Iii (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John R Clark Iii (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Peter A Converse (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Mcnamara Curtis Sr (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Beverly E Dalton (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Russ Ellet (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lauren Fisher White (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Calvin W Fowler Jr (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • George C Freeman Iii (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Palmer P Garson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Thomas E Goode (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brad N Hall (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • H Hiter Harriss Iii (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Paul T Hengst (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • George C Howell Iii (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Martin Kent (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • C Burke King (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Esther C Lee (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Charles S Luck Iv (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Thomas J Lyons Jr (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Craig L Massey (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • W Sheppard Miller Iii (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • T Justin Moore Iii (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Thurston R Moore Esq (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Spencer W Morten Iii (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mark G Mykityshyn Phd (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bernard A Neimeier (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Daniel J O'Neill (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • William L Pannill (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • L Allan Parrott Jr (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Charlotte Porterfield (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brian W Quigley (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Thomas L Ransom (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Carter V Reid (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • H Mcguire Riley (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Stewart D Roberson Edd (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Thomas D Rutherfoord Jr (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bob Sasser (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mary G Shockey (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gary R Shook (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • J Knox Singleton (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brian K Skinner (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robert H Spilman Jr (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Susan K Still (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Hugh E Taylor (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Benita Thompson-Byas (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gary R Thomson (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • William R Van Buren Iii Esq (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Keith D Vandervennet (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mary Allen Waller (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Margaret G Warner (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • James C Wheat Iii (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Witynski (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • R Sackett Wood (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.vfic.org

    Where can I find the form 990 for Va Foundation For Independent Colleges?

    The Va Foundation For Independent Colleges’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.vfic.org

    Learn more at the official website: www.vfic.org

    Mission Statement of Va Foundation For Independent Colleges

    The Virginia Foundation for Independent Colleges, in its mission, aims to enhance the distinctive values and strengths of its fifteen smaller enrollment, undergraduate, residential Virginia member colleges. This nonprofit organization accomplishes this by securing financial support from the private sector, thereby increasing the visibility of these colleges. Furthermore, it facilitates innovative and collaborative initiatives between the colleges, ensuring a collective growth and development. Lastly, the Virginia Foundation for Independent Colleges supports initiatives that maintain the personalized educational experience as an affordable choice for future citizen-leaders. This mission is crucial in preserving the unique character and educational opportunities offered by these individual colleges.

    Impact

    This information is meant to be a general summary of Va Foundation For Independent Colleges. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    The Va Foundation For Independent Colleges impacts its sixteen member institutions by providing annual contributions to support crucial needs such as campus operations, academic program development, and faculty development. Its mission is to advance the distinctive values and strengths of smaller enrollment, undergraduate, residential Virginia member colleges by securing financial support from the private sector, increasing visibility, facilitating innovative initiatives between the colleges, and ensuring that a personalized educational experience remains an affordable choice for tomorrow's citizen-leaders.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $122
  • Program Service Revenue: $0
  • Gross Receipts: $3,002,064

    • Assets and Liabilities:
  • Total Assets: $39,340,912
  • Total Liabilities: $1,972,323
  • Net Assets: $37,368,589
  • Organization Details

    Founding Year

    1952

    Principal Officer

    Matthew Shank

    Main Address

    901 EAST BYRD STREET 1625, RICHMOND, VA, 23219

    NTEE Category

    Code: B42J - Education

    If you are a representative of Va Foundation For Independent Colleges 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.