The University Of Virginias College At Wise Foundation Inc
- Assets
- $40.4m
- Revenue
- $3.8m
- Investments
- $29.8m
- Employees
- 0
- Location
- Wise, VA
- Founding
- 03/1993
- Data as of
- 06/2022
- EIN
- 54-1638774
Organization Overview
The University Of Virginias College At Wise Foundation Inc is located in Wise, VA. The organization was established in 1993. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Virginias College At Wise Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, University Of Virginias College At Wise Foundation Inc generated $3.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $2.5m during the year ending 06/2022. While expenses have increased by 5.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
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 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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE OFFICE OF ADVANCEMENT, IN CONJUNCTION WITH THE WISE FOUNDATION, 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 1,113. OF THIS NUMBER, 52% 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.
THE OFFICE OF ADVACEMENT SOLICITS AND OBTAINS FUNDS TO SUPPORT THE COLLEGE'S ATHLETIC PROGRAM. GIFTS SUPPORT SCHOLARSHIPS, GENERAL OPERATING EXPENSES, AND SPECIAL PROJECTS THAT PROMOTE THE SUCCESS OF THE PROGRAM AND STUDENT ATHLETES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Don M Green President | OfficerTrustee | 1 | $0 |
Mr Jeffery A Sturgill Vice President | OfficerTrustee | 1 | $0 |
Mr Brian K Blanton Treasurer | OfficerTrustee | 1 | $0 |
Mrs Valerie S Lawson Secretary/chief Operating | OfficerTrustee | 4 | $0 |
Mrs Marcia Adams Gilliam Chair | OfficerTrustee | 1 | $0 |
Mr James S Cox Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,579,007 |
| Noncash contributions included in lines 1a–1f | $67,381 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,579,007 |
| Total Program Service Revenue | $152,271 |
| Investment income | $230 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$425 |
| Net Income from Fundraising Events | $22,602 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,753,685 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $27,393 |
| Grants and other assistance to domestic individuals. | $1,382,173 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $38,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,000 |
| Advertising and promotion | $0 |
| Office expenses | $79,888 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,716 |
| Travel | $20,220 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $137,513 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $43,464 |
| Insurance | $3,887 |
| All other expenses | $54,585 |
| Total functional expenses | $2,480,398 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,956,500 |
| Pledges and grants receivable | $1,582,225 |
| Accounts receivable, net | $25,658 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,328,459 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $29,835,453 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,654,000 |
| Total assets | $40,382,295 |
| Accounts payable and accrued expenses | $23,366 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,203 |
| Total liabilities | $32,569 |
| Net assets without donor restrictions | $3,226,642 |
| Net assets with donor restrictions | $37,123,084 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $40,382,295 |