Overview
What is K-Va-T Associate Relief And Emergency Fund Inc?
K-Va-T Associate Relief And Emergency Fund Inc is a charitable organization, established with the sole purpose of providing financial aid to assist and support employees and their immediate families during periods of crisis, illness, hardship, or tragedy. Based in Abingdon, Virginia, this nonprofit organization has extended its assistance to 255 individuals associated with K-VA-T Food Stores, Inc. Their mission is to operate exclusively for charitable purposes, offering a helping hand and nurturing the affected individuals during challenging times.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (67%)
K-Va-T Associate Relief And Emergency Fund Inc has received a "Needs Improvement" rating from Charity Navigator, indicating some significant areas for growth, particularly in accountability and finance. While the organization has demonstrated a strong commitment to using its funds effectively, with a program expense ratio of 99.01%, several critical policies and transparency practices are not in place, which affects their overall score.
The nonprofit boasts a fully independent board, scoring full points in that area, which suggests effective governance. However, the lack of financial statements, a conflict of interest policy, a whistleblower policy, and other essential governance documents negatively impact its accountability score. This absence of key documentation raises concerns about the organization’s transparency and could hinder its ability to build trust with potential donors and stakeholders.
Despite these limitations, K-Va-T Associate Relief And Emergency Fund Inc shows promise through its strong program expense ratio, which highlights its focus on delivering services. To improve its standing, the organization would benefit from addressing the identified gaps in governance and transparency to enhance its credibility and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is K-Va-T Associate Relief And Emergency Fund Inc legitimate?
K-Va-T Associate Relief And Emergency Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. K-Va-T Associate Relief And Emergency Fund 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of K-Va-T Associate Relief And Emergency Fund Inc?
K-Va-T Associate Relief and Emergency Fund Inc is a charitable organization with a mission to provide financial assistance in times of crisis, illness, hardship, or tragedy to its employees and their immediate families. The primary objective of this fund is to help and nurture individuals during difficult periods, offering them the necessary support they need. In the past, this fund has extended financial aid to 255 individuals affiliated with K-VA-T Food Stores, Inc. The organization operates exclusively for charitable purposes, providing a safety net for those in need within their workforce community.
Who is the CEO of K-Va-T Associate Relief And Emergency Fund Inc?
William Abline is the Chairperson of K-Va-T Associate Relief And Emergency Fund Inc.
What is the revenue of K-Va-T Associate Relief And Emergency Fund Inc?
K-Va-T Associate Relief And Emergency Fund Inc's revenue in 2022 was $491,384.
Who are the executives of K-Va-T Associate Relief And Emergency Fund Inc and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for K-Va-T Associate Relief And Emergency Fund Inc?
K-Va-T Associate Relief And Emergency Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of K-Va-T Associate Relief And Emergency Fund Inc
K-Va-T Associate Relief and Emergency Fund Inc is a charitable organization with a mission to offer financial assistance in times of crisis, illness, hardship, or tragedy. It aims to help and nurture the employees and their immediate families of K-Va-T Food Stores, Inc. The primary objective of this nonprofit is to provide the necessary financial aid during challenging situations, offering a sense of support and care during these difficult times. In 20XX, the fund managed to assist 255 individuals from K-Va-T Food Stores, Inc., demonstrating its commitment to its mission.
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Impact
July, 2024
K-Va-T Associate Relief And Emergency Fund Inc's impact is significant as it provides crucial financial assistance to employees and their immediate families during times of crisis, illness, hardship, or tragedy. In the past year, this organization has supported 255 individuals affiliated with K-VA-T Food Stores, Inc. in Abingdon, VA. By offering this vital support, K-Va-T Associate Relief And Emergency Fund Inc positively impacts the lives of its beneficiaries, helping them navigate difficult situations and providing a sense of stability and support during challenging times.
This information is meant to be a general summary of K-Va-T Associate Relief And Emergency Fund 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 2022.
- Investment Income: $3,139
- Gross Receipts: $491,384
Assets and Liabilities:
- Total Assets: $1,382,167
- Total Liabilities: $0
- Net Assets: $1,382,167
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Organization Details
Founding Year
2005
Phone
(276) 623-5100Principal Officer
William Abline
Main Address
PO BOX 1158, ABINGDON, VA, 24210
NTEE Category
Code: P60 - Human services
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