Overview
What is Vitalogy Foundation?
The Vitalogy Foundation, established in 2006 by Pearl Jam members and their manager, is a public nonprofit organization situated in Nashville, Tennessee. The foundation awards grants to selected charitable organizations and individuals, aligning with its tax-exempt status. Its primary mission lies in supporting non-profit organizations that make significant contributions to the fields of community health, the environment, arts & education, and social change. With a small workforce of just two individuals, the Vitalogy Foundation plays a vital role in bolstering these commendable initiatives.
What are the reviews and ratings of this charity?
80% rating from Charity Navigator indicates that Vitalogy Foundation is performing well in terms of accountability and finance. The organization has earned a Three-Star out of Four Star rating, reflecting a solid level of transparency and financial health. This rating suggests that donors can have confidence in how the foundation manages its resources.
One of the organization's strengths is its governance structure, as it boasts an entirely independent board of directors with no material diversion of assets reported. This points to a strong commitment to ethical management practices. Furthermore, Vitalogy Foundation has a high program expense ratio of 80.25%, indicating that a significant portion of its funds is directed towards its charitable programs rather than administrative costs.
While the overall score is good, it is important to note that the rating is based solely on the Accountability & Finance beacon. Thus, while financial practices appear sound, other aspects such as program impact or fundraising efficiency were not evaluated in this rating. Nonetheless, the foundation's strong accountability measures and financial ratios suggest a responsible approach to its operations.
This AI summary has been generated from information found on Charity Navigator.
Is Vitalogy Foundation legitimate?
Vitalogy Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vitalogy Foundation 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $163,285
For more financial information, click here
What is the mission statement of Vitalogy Foundation?
The Vitalogy Foundation, established in 2006 by members of Pearl Jam and their manager, is a public non-profit organization. Its mission is to support the commendable work of non-profit organizations in the fields of community health, environmental conservation, arts, education, and social change. The foundation achieves this by granting funds to selected charitable organizations and individuals, aligning with its tax-exempt status' primary purpose.
Who is the CEO of Vitalogy Foundation?
Stone C Gossard is the Principal Officer of Vitalogy Foundation.
What is the revenue of Vitalogy Foundation?
Vitalogy Foundation's revenue in 2022 was $3,439,274.
Who are the executives of Vitalogy Foundation and what are their salaries?
The average compensation at Vitalogy Foundation during 2022 was $81,642. There are 2 employees and 7 volunteers at Vitalogy Foundation.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Vitalogy Foundation?
Vitalogy Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Vitalogy Foundation
The Vitalogy Foundation, established in 2006 by Pearl Jam and their manager, is a public non-profit organization with a commendable mission. This foundation supports the initiatives of various non-profit organizations working in the areas of community health, the environment, arts and education, and social change. By granting funds to selected charitable organizations and individuals, the Vitalogy Foundation aligns its activities with its exempt status, contributing to these vital sectors and promoting positive change.
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Impact
August, 2024
Vitalogy Foundation's impact can be seen through the significant support it provides to non-profit organizations dedicated to community health, the environment, arts & education, and social change. Since its establishment in 2006 by the members of Pearl Jam and their manager, the Foundation has awarded grants to specific charitable organizations and individuals chosen by its officers. This support plays a vital role in furthering the causes and efforts of these organizations, ultimately creating a positive impact on communities and society as a whole.
This information is meant to be a general summary of Vitalogy Foundation. 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: $12,804
- Gross Receipts: $3,444,132
Assets and Liabilities:
- Total Assets: $2,665,586
- Total Liabilities: $32,825
- Net Assets: $2,632,761
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Organization Details
Founding Year
2004
Phone
(615) 329-9902Principal Officer
Stone C Gossard
Main Address
CO FBMM INC PO BOX 340020, NASHVILLE, TN, 37203
NTEE Category
Code: T21 - Philanthropy
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