Overview
What is Vital Edge Fund?
Vital Edge Fund is a nonprofit organization that has been actively expanding its micro-savings program in Mali, Senegal, and Nepal since 2012-2017. Utilizing these programs as a base, they introduce new initiatives annually. Their mission focuses on financial empowerment, aiming to improve the economic well-being of the communities they serve. Vital Edge's activities involve the development and implementation of micro-savings programs, which serve as a stepping stone for other beneficial projects.
Official website here: www.vitaledgeaid.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Stars
Vital Edge Fund has received a Three-Star rating from Charity Navigator, indicating a moderate level of performance based on accountability and finance. The overall score is derived entirely from evaluation of the Accountability & Finance beacon, highlighting the importance of financial health in nonprofit operations. This rating suggests that while the organization demonstrates some strengths, there are areas needing improvement, particularly in governance policies.
One of the organization's notable strengths includes a fully independent board, scoring 10 out of 10 points in board independence and size. The charity also exhibits a strong financial standing with a program expense ratio of 99.18%, indicating that a significant majority of its funds are directed toward its programs. Additionally, it has no liabilities relative to its assets, reflecting good fiscal management.
However, the evaluation also indicates several gaps in governance practices, as the organization has missing policies for conflict of interest, whistleblower protection, and document retention. These omissions earned zero points in those respective areas, highlighting a need for improvement in governance to enhance accountability and transparency. Overall, while Vital Edge Fund shows strong financial commitment to its programs, addressing these governance issues could further bolster its standing.
This AI summary has been generated from information found on Charity Navigator.
Is Vital Edge Fund legitimate?
Vital Edge Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vital Edge Fund submitted a form 990EZ, 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: $0
For more financial information, click here
Official website here: www.vitaledgeaid.org
What is the mission statement of Vital Edge Fund?
In the period of 2012-2017, Vital Edge Fund continued to expand its micro-savings program in Mali, Senegal, and Nepal. Utilizing these savings programs as a foundation, the organization introduces new initiatives annually. The mission of Vital Edge Fund, as observed during this timeframe, is to extend and enhance its financial empowerment programs, providing a platform for the introduction of additional services.
Official website here: www.vitaledgeaid.org
What is the revenue of Vital Edge Fund?
Vital Edge Fund's revenue in 2023 was $119,637.
Official website here: www.vitaledgeaid.org
Who are the executives of Vital Edge Fund and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $25,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.vitaledgeaid.org
Where can I find the form 990EZ for Vital Edge Fund?
Vital Edge Fund's most recent form 990EZ was submitted in 2023 and can be accessed here.
Official website here: www.vitaledgeaid.org
Learn more at the official website: www.vitaledgeaid.org
Mission Statement of Vital Edge Fund
Vital Edge Fund, in the period of 2012-2017, focused on expanding its micro-savings program in Mali, Senegal, and Nepal. This initiative served as a foundation, upon which the organization introduced additional programs annually. The primary objective of Vital Edge Fund was to leverage these programs to bring about positive change.
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Impact
October, 2024
Vital Edge Fund's impact is demonstrated through its expansion of micro-savings programs in Mali, Senegal, and Nepal from 2012 to 2017. By implementing these programs, Vital Edge Fund has empowered individuals and communities to enhance their financial stability and foster economic growth. The micro-savings initiatives serve as a foundation for introducing additional programs each year, further extending their reach and effectiveness. This strategic approach not only supports financial inclusion but also enables families and communities to improve their overall quality of life. The continuous introduction of new initiatives highlights the organization's commitment to creating sustainable, long-term benefits for underserved populations in these countries.
This information is meant to be a general summary of Vital Edge Fund. 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 2023.
- Gross Receipts: $119,637
Assets and Liabilities:
- Total Assets: $160,487
- Total Liabilities: $0
- Net Assets: $160,487
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Organization Details
Website
www.vitaledgeaid.orgNTEE Category
Code: Q30 - International
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