Overview
What is Lehigh Valley Community Foundation?
The Lehigh Valley Community Foundation is a philanthropic organization based in Allentown, Pennsylvania. During fiscal year 2022, they distributed over $6.8 million in grants to 375 local non-profits, addressing a wide range of community needs. Their grantmaking platform supports three focus areas: capacity building, youth and families, and art, culture, and creative economy. The foundation's community leadership initiative aims to unite people, institutions, and resources to improve the future for everyone and produce significant, lasting results. In the capacity building area, they provide unrestricted grants to strengthen local non-profits for long-term sustainability. In the youth and families sector, they offer general operating grants for organizations prioritizing mental health needs or youth leadership development. The foundation also acts as a regional partner agency of the Pennsylvania Council on the Arts to distribute grant awards for arts and cultural projects. They provide funding for programs and businesses through their Creative Entrepreneur Accelerator Program. In addition to their grantmaking activities, the foundation offers various philanthropic giving opportunities and makes grants to a wide variety of charitable organizations throughout the region. Their expertise and knowledge are continuously enhanced through ongoing efforts, including community initiatives, events, and cross-sector information gathering.
Official website here: www.lvcfoundation.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 100%, Four-Star out of Four Star Rating.
The Lehigh Valley Community Foundation has achieved an outstanding Four-Star rating from Charity Navigator, reflecting its commitment to accountability and financial transparency. The foundation's perfect score demonstrates effective management practices, with a majority of independent board members and strong financial oversight in place. The foundation's financial practices, including a program expense ratio of 92.16%, suggest a strong focus on direct impact from its programs.
Strengths highlighted in the evaluation include the absence of material asset diversion and the implementation of a comprehensive conflict of interest policy. Additionally, the foundation has a strong whistleblower policy and a robust document retention policy, which enhances its operational integrity. Its liabilities to assets ratio is remarkably low at 0.93%, indicating sound financial health.
While the data does not highlight significant limitations, the foundation's exceptional scores across various metrics imply a well-operated organization. Overall, the Lehigh Valley Community Foundation exemplifies a nonprofit that prioritizes ethical standards and effective management, making it a trustworthy choice for donors looking to support impactful community initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Lehigh Valley Community Foundation legitimate?
Lehigh Valley Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lehigh Valley Community 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: $342,865
Professional Fundraising Fees: $0
Other Salaries and Wages: $395,602
For more financial information, click here
Official website here: www.lvcfoundation.org
What is the mission statement of Lehigh Valley Community Foundation?
The Lehigh Valley Community Foundation is dedicated to distributing philanthropic donations to enhance the quality of life for residents within the community. Its purpose involves managing and dispensing the philanthropy of various donors, focusing on areas such as capacity building, youth and families, and art, culture, and creative economy. The foundation's grantmaking platform fosters community leadership, which aims to create a better future for everyone by addressing critical challenges and pursuing the community's greatest opportunities. In fiscal year 2022, the foundation made over 762 grants amounting to more than $6.8 million, supporting over 375 nonprofit organizations. The foundation's initiatives include the Nonprofit Effectiveness Program, which strengthens local organizations to ensure their sustainability, and grants to various charitable organizations throughout the region.
Official website here: www.lvcfoundation.org
Who is the CEO of Lehigh Valley Community Foundation?
Erika Petrozelli is the Chair of Lehigh Valley Community Foundation. The CEO's salary of Lehigh Valley Community Foundation is $129,292 and their total compensation is $137,093.
Official website here: www.lvcfoundation.org
What is the revenue of Lehigh Valley Community Foundation?
Lehigh Valley Community Foundation's revenue in 2022 was $13,559,783.
Official website here: www.lvcfoundation.org
Who are the executives of Lehigh Valley Community Foundation and what are their salaries?
The average compensation at Lehigh Valley Community Foundation during 2022 was $52,748. There are 14 employees and 72 volunteers at Lehigh Valley Community Foundation.
Here are 21 key members and their salaries (Lehigh Valley Community Foundation's CEO's salary is $129,292 and their total compensation is $137,093):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $78,070
- Related: $0
- Other: $13,240
- Compensation: $111,683
- Related: $0
- Other: $15,876
- Compensation: $129,292
- Related: $0
- Other: $7,801
Official website here: www.lvcfoundation.org
Where can I find the form 990 for Lehigh Valley Community Foundation?
Lehigh Valley Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lvcfoundation.org
Learn more at the official website: www.lvcfoundation.org
Mission Statement of Lehigh Valley Community Foundation
Lehigh Valley Community Foundation, a philanthropic organization, is dedicated to enhancing the lives of residents by managing and distributing donations from a diverse range of donors. With a mission to develop, manage, and distribute philanthropy, the Foundation strives to improve the quality of life in the community.
In the 2022 fiscal year, Lehigh Valley Community Foundation made 762 grants, totaling over $6.8 million. These grants supported over 375 non-profit organizations, addressing a wide range of needs in the community. The Foundation formalized its grantmaking platform, which focuses on capacity building, youth and families, and art, culture, and the creative economy. Community leadership is a crucial aspect of this platform, which involves collaborating with community partners to create a better future for all.
In the capacity building area, the Foundation's Nonprofit Effectiveness Program continues to be a leading effort aimed at nonprofit sustainability. Through this program, the Foundation provided $164,000 of unrestricted grants, working diligently to strengthen critically important nonprofit organizations, enabling them to thrive and remain impactful for years to come. The Foundation's comprehensive approach to gauge and improve effectiveness was used in collaboration with several nonprofit organizations, and financial and intellectual support was provided to those selected to participate in the program.
In the youth and families focus area, the Foundation granted over $185,000 in general operating grants to organizations serving these groups. These flexible funding grants supported organizations prioritizing mental health needs in young people or focusing on youth leadership development. The Foundation also assumed the role of a regional partner agency of the Pennsylvania Council on the Arts (PCA) to distribute grant awards for projects or programs involving artists throughout the region.
Additionally, the Foundation made grants to various charitable organizations throughout the region, offering a variety of philanthropic giving opportunities to multiple types of donors. By promoting collaboration in the community and serving as a center of expertise regarding charitable giving and community knowledge, the Foundation continues to connect donors with causes that matter to them.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Lehigh Valley Community Foundation significantly enhances the quality of life for residents in the Lehigh Valley region through robust philanthropic efforts. In fiscal year 2022, the foundation distributed over $6.8 million through 762 grants, benefitting more than 375 organizations that tackle a broad spectrum of community needs.
One major initiative is the foundation’s permanent grantmaking platform, which focuses on three key areas: capacity building, youth and families, and arts, culture, and the creative economy. By aligning resources with community priorities, the foundation fosters collaboration among various stakeholders to address critical challenges while seizing opportunities for growth.
In capacity building, the foundation’s effectiveness program issued $164,000 in unrestricted grants to enhance the sustainability of local nonprofits. This initiative included engaging third-party consultants to improve organizational impact, highlighting a commitment to long-term community health.
The foundation also prioritized support for youth and families, allocating over $185,000 to nonprofits focusing on mental health and youth leadership. This flexible funding model empowers organizations to direct resources where they are needed most, ensuring effective support for vulnerable populations in the community.
Additionally, as a regional partner of the Pennsylvania Council on the Arts, the foundation plays a vital role in promoting equitable access to arts and culture. It distributed $78,000 in program stream grants and supported local businesses through its Creative Entrepreneur Accelerator Program, thus nurturing a thriving creative economy in the area.
Through ongoing community engagement and by providing diverse philanthropic giving opportunities, the foundation not only connects donors with causes they care about but also functions as a central hub of expertise on community needs. By facilitating collaborative ventures and hosting discussions on philanthropy, it continuously enhances its capacity to enact meaningful change in the Lehigh Valley.
This information is meant to be a general summary of Lehigh Valley Community 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: $6,261,424
- Program Service Revenue: $1,990
- Gross Receipts: $35,862,104
Assets and Liabilities:
- Total Assets: $70,585,243
- Total Liabilities: $777,602
- Net Assets: $69,807,641
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE FEES
Revenue
$1,990
Organization Details
Founding Year
1967
Phone
(610) 351-5353Principal Officer
Erika Petrozelli
Main Address
840 W HAMILTON STREET SUITE 310, ALLENTOWN, PA, 181012456
Website
www.lvcfoundation.orgNTEE Category
Code: T31Z - Philanthropy
If you are a representative of Lehigh Valley Community Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.