The University of Virginia Mcintire School of Commerce Foundation

Nonprofit profile at a glance

EIN
510159775
IRS 990 coverage
2011–2024
Forms available
Form 990 2024
Location
Charlottesville, VA, USA
Phone
4342432049
Rating
68
Verdict
SUPPORTED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$16,134,614
Expenses
$13,755,908
Assets
$213,161,488
Liabilities
$174,267

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

41 people listed

Executive titles in this filing

  • CATHERINE M WHITTIER (EXECUTIVE DIRECTOR)
  • STUART T EVANS (EXECUTIVE DIRECTOR (THRU 8-15-2024))
  • JOHN A GRIFFIN (PRESIDENT)
  • RICHARD D TADLER (EXECUTIVE VICE-PRESIDENT)

Highest reported compensation

  • KEVEN LINDEMANN - EXECUTIVE (DIRECTOR, WRB CENTER FOR REAL ESTATE): $235,922 total reported compensation
  • ALLEN HOOVER (DIRECTOR OF MEDIA AND DESIGN): $167,990 total reported compensation
  • MATTHEW SPOSATO (ENTERPRISE SOFTWARE ARCHITECT): $165,607 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To further the aims and purposes of the uva mcintire school of commerce through raising funds, providing scholarships, and supporting the school's seven centers of excellence.

What it reported doing in 2024

Seven "centers of excellence" fortify the mcintire school's curriculum, support students and faculty, offer innovative, ambitious, cutting-edge research projects, support forums and ongoing lecture series, and boost the school's ability to nurture students into creative, intuitive, and responsible business professionals. The foundation also offers mcintire school students opportunities to take part in contemplative sciences, participate in student investment clubs, and enhance their abilities to create, manage, and lead high-performing teams. Executive development programs offer practitioners current skills in an evolving business environment through the latest research and the power of the mcintire school's world-class faculty.

Operating model

Revenue model
Donor-supported. 93% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 69% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and the filing reports few safeguards for money sent abroad.

Rating breakdown

  • Financial Efficiency: 64
  • Transparency & Controls: 58
  • Accountability: 83
  • Sustainability: 78
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 65.5%; rating input score 66
  • Program expense ratio: 74%; rating input score 74
  • Fundraising efficiency: $6.16 raised per $1 spent on fundraising; rating input score 25; 25th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 94.1%; rating input score 94; 20th percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: 98.5%; rating input score 99; 30th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 94.3%; rating input score 94; 27th percentile among comparable filings
  • Governance controls: 6 of 9 controls in place; rating input score 67
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 14.7%; rating input score 76; 76th percentile among comparable filings
  • Total-asset coverage ratio: 15.5; rating input score 94; 94th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 96; 96th percentile among comparable filings
  • Officer compensation ratio: 7.9%; rating input score 30; 30th percentile among comparable filings

Growth

  • Program expense growth: 4.3% per year; rating input score 100; 36th percentile among comparable filings
  • Revenue growth: 8.9% per year; rating input score 100; 70th percentile among comparable filings
  • Asset growth: 12% per year; rating input score 100; 73rd percentile among comparable filings

Details

  • Where the money goes: 65.5% of revenue deployed · 74% of spending went to programs
  • Governance: 33 of 35 board members independent · 6 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $10.2M in reported program spending
  • Leadership: top reported pay $236K · 41 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $1.4M reported
  • Consistency: 38 of 39 current checks pass · 1 finding to review
  • Schedules: 9 filed schedules · includes major donors, foreign activity, grants, and executive pay
  • Filing history: 12 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 9 filed money-flow records
  • Related organizations: 3 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • High — Financial Efficiency: Fundraising efficiency scored 25/100.
  • Review — Accountability: Governance controls: 3 of 9 not reported.
  • Moderate — Sustainability: Officer compensation ratio scored 30/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.