University of Virginia's College at Wise Alumni Association Inc

Nonprofit profile at a glance

EIN
237039917
IRS 990 coverage
2014–2024
Forms available
Form 990 2024, Form 990-EZ 2009
Location
Wise, VA, USA
Phone
2763280128
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$40,412
Expenses
$36,188
Assets
$1,107,245
Liabilities
$0

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

Leadership & pay

48 people listed

Executive titles in this filing

  • WILLIAM STOKES (PRESIDENT)
  • LUKE LAYNE (PAST PRESIDENT)
  • EMILY BAXTER PAUL (PRESIDENT ELECT)
  • HUNTER HESS (VICE PRESIDENT)

People named in this filing

  • VALERIE LAWSON (VICE CHANCELLOR FOR ADVANC)
  • COREY SANCHEZ (DIRECTOR OF ALUMNI ENGAGEM)
  • WILLIAM STOKES (PRESIDENT)

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

To aid, strengthen, and expand the work and development of the university of Virginia's college at wise through the involvement of alumni.

What it reported doing in 2024

Academic/college programs provide annual scholarship awards to qualified students; mentoring of students by alumni volunteers; prospective student and admissions outreach; programs to support networking relationships both on and off campus with current students; and social programs to foster and cultivate strong relationships with current students, our future alumni.

Operating model

Revenue model
Donor-supported. 99% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 68% for direct work, and 32% for grants.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 70
  • Transparency & Controls: 94
  • Accountability: 82
  • Sustainability: 71
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 65.9%; rating input score 66
  • Program expense ratio: 73.6%; rating input score 74
  • Fundraising efficiency: $43.46 raised per $1 spent on fundraising; rating input score 80; 80th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 80th 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; 64th percentile among comparable filings
  • Governance controls: 4 of 7 controls in place; rating input score 57
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • 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: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 10.5%; rating input score 65; 65th percentile among comparable filings
  • Total-asset coverage ratio: 30.6; rating input score 86; 86th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings

Growth

  • Program expense growth: -7.5% per year; rating input score 0; 33rd percentile among comparable filings
  • Revenue growth: -5% per year; rating input score 0; 43rd percentile among comparable filings
  • Asset growth: 5.4% per year; rating input score 100; 67th percentile among comparable filings

Details

  • Where the money goes: 65.9% of revenue deployed · 73.6% of spending went to programs
  • Governance: 46 of 46 board members independent · 4 of 7 filing controls reported
  • Programs: 2 filed program accomplishments · $27K in reported program spending
  • Leadership: top reported pay $0 · 48 people listed
  • Consistency: 25 of 25 current checks pass
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 11 filing years from 2014 to 2024
  • Contacts: How to reach this organization
  • 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.

  • Review — Accountability: Governance controls: 3 of 7 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.