Virginia College Fund
Virginia College Fund
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About this organization
Mission
Our mission is “Providing our member institutions the resources that will ensure their students an affordable, value-based education that prepares them for success in a global economy.” To that end, we (The VCF) seek funding from businesses, foundations, and individuals to assist needy and worthy students and help us in our mission. We believe in accessibility, diversity opportunity, and academic excellence. Founded in 1965, The VCF was set up to help the member schools: Averett University, Bluefield College, Eastern Mennonite University, Ferrum College. Our member colleges and universities are united in a quest for more open access to private higher education for all of Virginia's citizens and strive to enable them to become productive, tax-paying citizens.
About
Distributions of public contributions to member colleges and universities
Interesting data from their 2020 990 filing
The filing reveals the mission of the non-profit as “Solicitation of public contributions on behalf of member colleges. provides foundations, businesses, and individuals a convenient way of supporting small colleges and universities in virginia.”.
When detailing its functions, they were listed as: “Solicitation of public contributions on behalf of member colleges. provides foundations, businesses, and individuals a convenient way of supporting small colleges and universities in virginia.”.
- According to the law, the state where the non-profit operates has been reported as VA.
- The filing specifies that the non-profit's address in 2020 was 1011 EAST MAIN STREET SUITE 205, RICHMOND, VA, 23219.
- As of 2020, the non-profit's form shows they have a total of 1 employees.
- Does not operate a hospital.
- Does not operate a school.
- Does not collect art.
- Does not provide credit counseling.
- Does not have foreign activities.
- Is not a donor-advised fund.
- Is not a private foundation.
- Expenses are between $500,000 and $1,000,000+.
- Revenue is between $500,000 and $1,000,000+.
- Revenue less expenses is $16,851.
- The CEO compensation scheme within the organization is based on a review and endorsement process by a neutral entity.
- The organization elects its board members.
- The organization has 26 independent voting members.
- The organization was formed in 1965.
- The organization has a written policy that addresses conflicts of interest.
- The organization is required to file Schedule B.
- The organization is required to file Schedule J.
- The organization is required to file Schedule O.
- The organization pays $196,840 in salary, compensation, and benefits to its employees.
- The organization pays $122,997 in fundraising expenses.
- The organization has minutes of its meetings.
- The organization has grants to organizations.