Overview
What is Virginia's Gateway Region T/A Virginia's Gateway Region?
Virginia's Gateway Region T/A Virginia's Gateway Region is a nonprofit organization situated in Colonial Heights, Virginia. Its primary mission is to bolster economic development opportunities within the Gateway Region, which includes the cities of Colonial Heights, Hopewell, and Petersburg, as well as Chesterfield, Dinwiddie, Prince George, Surry, and Sussex counties. To achieve this goal, the organization actively facilitates new business opportunities, collaborates with existing businesses, and promotes resources that enhance the region's economic vitality. Furthermore, the nonprofit fosters cooperation among public and private entities involved in economic development activities, aiming to strengthen the region as a whole.
Official website here: www.gatewayregion.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star Rating
Virginia's Gateway Region has achieved a commendable Four-Star rating from Charity Navigator, reflecting a high level of accountability and financial health. The organization's overall score is based entirely on its Accountability & Finance score, which stands at 96%. This rating indicates effective management and transparency in financial practices, which is crucial for donor trust and support.
The nonprofit demonstrates strong governance, with 100% of its board members being independent, which underscores its commitment to unbiased oversight. Additionally, it has a robust financial management framework, evidenced by high scores across various metrics such as financial statements, asset management, and adherence to conflict of interest policies. The organization allocates a substantial portion of its budget to programs, with a program expense ratio of 83.84%, showcasing its focus on mission-driven activities.
There are no significant limitations reported in the data. The charity maintains a clean record, with no material diversion of assets noted, reinforcing its reliability as a nonprofit. With a well-structured approach to governance and finance, Virginia's Gateway Region stands out as a trustworthy organization for potential donors and partners.
This AI summary has been generated from information found on Charity Navigator.
Is Virginia's Gateway Region T/A Virginia's Gateway Region legitimate?
Virginia's Gateway Region T/A Virginia's Gateway Region is a legitimate nonprofit organization registered as a 501(c)(3) entity. Virginia's Gateway Region T/A Virginia's Gateway Region 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.
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For more financial information, click here
Official website here: www.gatewayregion.com
What is the mission statement of Virginia's Gateway Region T/A Virginia's Gateway Region?
Virginia's Gateway Region, often referred to as Virginia's Gateway Region T/A, is an organization with a mission to enhance economic development opportunities. Its primary goal is to improve the economic landscape for several cities and counties, including Colonial Heights, Hopewell, Petersburg, Chesterfield, Dinwiddie, Prince George, Surry, and Sussex. The organization facilitates new business opportunities, supports existing businesses, advances resources that enhance the economic viability of the region, and fosters regional cooperation among public and private entities involved in economic development activities.
Official website here: www.gatewayregion.com
Who is the CEO of Virginia's Gateway Region T/A Virginia's Gateway Region?
Keith Boswell is the Director of Virginia's Gateway Region T/A Virginia's Gateway Region. The CEO's salary of Virginia's Gateway Region T/A Virginia's Gateway Region is $0 and their total compensation is $0.
Official website here: www.gatewayregion.com
What is the revenue of Virginia's Gateway Region T/A Virginia's Gateway Region?
Virginia's Gateway Region T/A Virginia's Gateway Region's revenue in 2022 was $1,733,920.
Official website here: www.gatewayregion.com
Who are the executives of Virginia's Gateway Region T/A Virginia's Gateway Region and what are their salaries?
There 28 volunteers at Virginia's Gateway Region T/A Virginia's Gateway Region.
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Official website here: www.gatewayregion.com
Where can I find the form 990 for Virginia's Gateway Region T/A Virginia's Gateway Region?
Virginia's Gateway Region T/A Virginia's Gateway Region's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.gatewayregion.com
Learn more at the official website: www.gatewayregion.com
Mission Statement of Virginia's Gateway Region T/A Virginia's Gateway Region
Virginia's Gateway Region, an organization dedicated to economic development, exists with a mission to enhance opportunities for the cities of Colonial Heights, Hopewell, and Petersburg, as well as the counties of Chesterfield, Dinwiddie, Prince George, Surry, and Sussex. Their primary objective is to facilitate new business prospects, support existing enterprises, and advance resources that will boost the economic viability of the region. Furthermore, Virginia's Gateway Region plays a crucial role in fostering regional cooperation amongst the public and private entities engaged in economic development activities. By doing so, they aim to foster a thriving and prosperous community in the Gateway Region.
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Impact
October, 2024
Virginia's Gateway Region plays a crucial role in bolstering the economic landscape of its neighboring areas, particularly the cities of Colonial Heights, Hopewell, and Petersburg, as well as Chesterfield, Dinwiddie, Prince George, Surry, and Sussex counties. By facilitating new business opportunities and supporting existing enterprises, the organization enhances the economic viability of the region.
The key impact of Virginia's Gateway Region lies in its ability to foster regional cooperation among various public and private entities involved in economic development. This collaboration not only encourages investment but also creates a more conducive environment for business growth. Through the advancement of resources and strategic initiatives tailored to local needs, the region sees a ripple effect that contributes to community improvement and overall prosperity.
Consequently, the work done by Virginia's Gateway Region not only strengthens the economic foundation of these areas but also nurtures a sense of unity and cooperation among stakeholders, driving a collective effort towards sustainable development and enhanced quality of life for residents.
This information is meant to be a general summary of Virginia's Gateway Region T/A Virginia's Gateway Region. 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 2022.
- Investment Income: $7,234
- Gross Receipts: $1,733,920
Assets and Liabilities:
- Total Assets: $3,270,811
- Total Liabilities: $359,793
- Net Assets: $2,911,018
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Organization Details
Founding Year
2003
Phone
(804) 732-8971Principal Officer
Keith Boswell
Main Address
256 EAST ELLERSLIE AVENUE D, COLONIAL HEIGHTS, VA, 23834
Website
www.gatewayregion.comNTEE Category
Code: S30 - Community improvement
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