Overview
What is The Village Foundation Inc?
The Village Foundation Inc is a nonprofit organization based in Orange, Connecticut, with an address at 17 Pryde Drive, 06477. Its primary purpose is to support Boys and Girls Village, Inc., by managing investments and real property for their benefit. The organization contributes funds to Boys and Girls Village annually and leases land to them at a nominal $1 fee. The mission of The Village Foundation, as outlined in its certificate of incorporation, is to uphold, promote, and further the welfare, programs, and activities of Boys and Girls Village, Inc. It acquires, improves, and leases real or personal property to support their objectives. Additionally, the organization accepts donations, grants, and loans to advance the causes of both The Village Foundation and Boys and Girls Village, Inc. At least one director of The Village Foundation must also serve on Boys and Girls Village, Inc.'s board of directors.
What are the reviews and ratings of this charity?
Charity Navigator Rating 80% - Three-Star out of Four Star Rating
The Village Foundation Inc has received a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. This rating is based entirely on the organization’s financial management and governance practices, indicating a strong commitment to transparency. The foundation's score highlights its effective oversight, as evidenced by the high percentage of independent board members and the absence of any material diversion of assets.
With a program expense ratio of 87.49%, The Village Foundation demonstrates a clear focus on utilizing the majority of its funds for its mission, which is a positive aspect for donors seeking impactful nonprofits. Additionally, the organization has established comprehensive policies, including a conflict of interest policy and regular documentation of board meeting minutes, which further reinforces its dedication to ethical governance.
While the overall rating is commendable, the reliance on a single beacon score means that a broader evaluation of other operational metrics may be limited. Nonetheless, The Village Foundation's strong accountability practices and financial health suggest it is well-positioned to achieve its objectives and serve its community effectively.
This AI summary has been generated from information found on Charity Navigator.
Is The Village Foundation Inc legitimate?
The Village Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Village Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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What is the mission statement of The Village Foundation Inc?
The Village Foundation Inc, as stated in its certificate of incorporation, is committed to supporting and promoting the welfare of Boys and Girls Village, Inc. (BGV). The organization carries out this mission by making contributions and acquiring, improving, holding, and leasing property to BGV, which aids in the accomplishment of its purposes. The Village Foundation Inc also receives and accepts public and private donations, gifts, trusts, and loans to further its mission and that of BGV. The organization's primary role is to benefit and uphold the programs and activities of BGV.
What is the revenue of The Village Foundation Inc?
The Village Foundation Inc's revenue in 2024 was $386,681.
Who are the executives of The Village Foundation Inc and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for The Village Foundation Inc?
The Village Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of The Village Foundation Inc
The Village Foundation Inc, as per its certificate of incorporation, is dedicated to supporting and promoting the welfare of Boys and Girls Village, Inc. (BGV). Its mission is multifaceted, involving the acquisition, improvement, and management of both real and personal property that benefits BGV. The organization also accepts donations, grants, and loans to aid in achieving its goals. The Village Foundation Inc's primary purpose is to contribute to the betterment and advancement of the programs and activities undertaken by BGV. In essence, The Village Foundation Inc serves as a benefactor and supporter to BGV, working towards its growth and success.
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Impact
July, 2024
The Village Foundation Inc's impact is felt through its mission to provide contributions that benefit, promote, and further the programs and activities of Boys and Girls Village, Inc. The organization owns and manages investment and real property for the benefit of Boys and Girls Village, Inc., helping support its activities and services. This support is crucial in empowering the organization to fulfill its mission of positively impacting the lives of children and youth in need. By partnering with Boys and Girls Village, Inc., The Village Foundation Inc plays a vital role in advancing education and opportunities for the community.
This information is meant to be a general summary of The Village Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $87,154
- Gross Receipts: $1,787,075
Assets and Liabilities:
- Total Assets: $7,210,374
- Total Liabilities: $606,400
- Net Assets: $6,603,974
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Organization Details
Founding Year
1984
Principal Officer
Kevin Hart
NTEE Category
Code: B00 - Education
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