Is Virginia State University Real Estate Foundation Legit?
Quick charity verification for Virginia State University Real Estate Foundation (EIN: 10681650)
Verdict: Virginia State University Real Estate Foundation appears trustworthy
70/100Mission Score
$2.8MRevenue
$13.5MAssets
2Red Flags
3Strengths
Red Flags
Persistent negative net assets (liabilities consistently exceed assets, e.g., $11,858,256 liabilities vs. $10,715,535 assets in 2023).
Lack of detailed explanation for the significant and growing liabilities relative to assets.
Strengths
Consistent revenue generation exceeding expenses, indicating operational stability (e.g., $3,230,309 revenue vs. $2,615,879 expenses in 2023).
0% reported officer compensation across all filings, suggesting efficient administrative cost management.
Stable asset base over the past decade, despite fluctuations in net assets.
Spending Breakdown
How Virginia State University Real Estate Foundation allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Virginia State University Real Estate Foundation
Is Virginia State University Real Estate Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Virginia State University Real Estate Foundation (EIN: 10681650) appears trustworthy. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
Is Virginia State University Real Estate Foundation a good charity to donate to?
Virginia State University Real Estate Foundation has a Mission Score of 70/100. Revenue: $2.8M. Assets: $13.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Virginia State University Real Estate Foundation?
The Employer Identification Number (EIN) for Virginia State University Real Estate Foundation is 10681650. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Virginia State University Real Estate Foundation spend its money?
Virginia State University Real Estate Foundation allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Virginia State University Real Estate Foundation's tax-exempt status?
You can verify Virginia State University Real Estate Foundation's tax-exempt status using EIN 10681650 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The Virginia State University Real Estate Foundation demonstrates consistent financial activity, with revenues generally exceeding expenses across the past decade, indicating a stable operational model. For instance, in 2023, revenue was $3,230,309 against expenses of $2,615,879. However, a notable concern is the organization's persistent negative net assets, with liabilities consistently exceeding assets. In 2023, assets were $10,715,535 while liabilities stood at $11,858,256, a trend observed throughout the filing history. This suggests a reliance on debt or specific funding structures that may warrant closer examination for long-term financial resilience. The absence of reported officer compensation across all filings indicates a lean administrative structure or that compensation is handled through other entities, which contributes positively to spending efficiency but could also raise questions about the full scope of operational costs if not clearly explained.