Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2019.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
38 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
10 people listed on the 990; $6K paid to officers and key staff.
Mark Randolph’s $6K as Executive Director is at the 5th percentile of top reported officer pay among 1613 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Vip Consortium INC is an education nonprofit based in Atlanta, GA.
Questions for Vip Consortium INC
Your first name shows with your question. Vip Consortium INC answers here, for everyone.
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Continued support to all vip community and sites. Held annual meeting held in atlanta (may 8 10)
Redesigned vip website
Added six new official sites strathmore university, universidad mayor, malm university, coastal carolina university, SVKMS narsee monjee institute of management studies, bradley university
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $20K | $286K |
| Total assetsLn 16 | $20K | $286K |
| LiabilitiesLn 26 | $0 | $0 |
| Net assetsLn 32 | $20K | $286K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Management feesLn 11a | $11K | $11K | ||
| Legal feesLn 11b | $157 | $157 | ||
| Accounting feesLn 11c | $900 | $900 | ||
| Professional fundraising feesLn 11e | $55K | $55K | ||
| Other fees for servicesLn 11g | $31K | $31K | ||
| Information technologyLn 14 | $2K | $2K | ||
| TravelLn 17 | $4K | $4K | ||
| InsuranceLn 23 | $2K | $2K | ||
| Other expenses (24a–d)Ln 24 | $533 | $533 | ||
| Total functional expensesLn 25 | $107K | $41K | $11K | $55K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $373K | $107K | $267K | $286K | 990 PDF |
| FY2023 | $66K | $20K | 990 PDF | ||
| FY2022 | $41K | $20K | 990 PDF | ||
| FY2021 | $410 | $17K | 990 PDF | ||
| FY2020 | $16K | $24K | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $373,476 revenue, 12 lines filed
Part VI · Governance 10 of 10 board members independent, no flags
Part VIII · Statement of revenue $373,476 across 5 lines filed
Part IX · Statement of functional expenses $106,972 across 9 lines filed
Part X · Balance sheet $286,358 assets, 6 lines filed
Part XI · Reconciliation of net assets $286,358 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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