The University of Virginia's College at Wise Foundation Inc

Nonprofit profile at a glance

EIN
541638774
IRS 990 coverage
2013–2024
Forms available
Form 990 2024
Location
Wise, VA, USA
Phone
2763280129
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Student Services, Organizations of Students

Official website

Reported finances

Revenue
$12,812,350
Expenses
$2,904,758
Assets
$57,215,943
Liabilities
$3,378

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

Leadership & pay

35 people listed

Executive titles in this filing

  • MRS VALERI COLYER (PRESIDENT)
  • MRS KIMBERLY D MULLINS (VICE PRESIDENT)
  • MR DAVID W MARTEL (UVA PRESIDENT APPOINTEE)
  • MRS DAWNEDA F WILLIAMS (IMMEDIATE PAST PRESIDENT)
  • MR DON M GREEN (PRESIDENT EMERITUS)

People named in this filing

  • MRS VALERI COLYER (PRESIDENT)
  • MRS KIMBERLY D MULLINS (VICE PRESIDENT)
  • MRS MARCIA ADAMS GILLIAM (CHAIR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

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

Overview

Mission

The purpose of the university of Virginia's college at wise foundation, inc. Is to aid and support the academic, athletic and student life programs of the university of Virginia's college at wise by soliciting and obtaining funds for the (continued on schedule o) furtherance of those programs. The foundation also solicits and raises funds for the purchase and management of property, improved or unimproved, exclusively for the educational benefit of the university of Virginia's college at wise.

What it reported doing in 2024

The university of Virginia's college at wise foundation, in conjunction with the college's office of advancement, raises funds in support of academics. Gifts support endowed funds designated for professorships, lectureships, scholarships, awards, and operational support. In addition, funds are raised to support experiential learning opportunities such as study abroad, undergraduate research, and internships. The college's total enrollment for the year was 2,220. Of this number, approximately 88% of the students at the university of Virginia's college at wise were eligible for some form of financial assistance and a high percentage of students have no family support. 520 students received scholarships or awards for the year ended june 30, 2025.

Operating model

Revenue model
Donor-supported. 98% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 43% for direct work, and 57% for grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work.

Rating breakdown

  • Financial Efficiency: 52
  • Transparency & Controls: 94
  • Accountability: 100
  • Sustainability: 97
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 21.1%; rating input score 21
  • Program expense ratio: 91.8%; rating input score 92
  • Fundraising efficiency: $83.15 raised per $1 spent on fundraising; rating input score 83; 83rd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 7 of 7 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 77.3%; rating input score 98; 98th percentile among comparable filings
  • Total-asset coverage ratio: 19.7; rating input score 96; 96th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 97; 97th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 96; 96th percentile among comparable filings

Growth

  • Program expense growth: 8.4% per year; rating input score 100; 64th percentile among comparable filings
  • Revenue growth: 6.6% per year; rating input score 100; 56th percentile among comparable filings
  • Asset growth: 9.6% per year; rating input score 100; 63rd percentile among comparable filings

Details

  • Where the money goes: 21.1% of revenue deployed · 91.8% of spending went to programs
  • Governance: 35 of 35 board members independent · 7 of 7 filing controls reported
  • Programs: 2 filed program accomplishments · $2.7M in reported program spending
  • Leadership: top reported pay $0 · 35 people listed
  • Consistency: 28 of 28 current checks pass
  • Schedules: 7 filed schedules · includes major donors and grants
  • Filing history: 12 filing years from 2013 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • 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.

Key Signals

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

  • High — Financial Efficiency: Mission deployment rate scored 21/100.