Overview
What is Kovar Corporation?
Kovar Corporation is a nonprofit organization situated in Roanoke, Virginia, with a postal address at PO Box 20872. Their primary mission is to extend financial aid in the form of grants and loans to charitable organizations within Virginia. These organizations specialize in providing training and assistance to individuals with intellectual disabilities. By offering this support, Kovar Corporation aims to empower and improve the lives of these citizens, thereby contributing positively to the community.
Official website here: www.kovarva.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%
Kovar Corporation has achieved an outstanding Four-Star out of Four Star rating from Charity Navigator, reflecting its exceptional performance in accountability and finance. With a perfect score of 100% in this category, the organization demonstrates strong governance practices, including a fully independent board and comprehensive policies for conflict of interest and whistleblower protections. The financial management also appears robust, with a low liabilities to assets ratio and a high program expense ratio, indicating that a significant portion of its funds is allocated directly to its charitable programs.
In addition to its financial strengths, Kovar Corporation excels in engaging with the community and collecting feedback effectively. The organization scored perfectly in the Culture & Community category, showcasing its commitment to understanding and addressing the needs of those it serves. This includes utilizing feedback for continuous improvement and adapting strategies to meet challenges as they arise. Such practices highlight a responsive and responsible approach to nonprofit management.
While the data shows Kovar Corporation excelling across multiple metrics, it's important for potential donors to consider the effectiveness of the programs funded by their contributions. Overall, the organization's strong governance, financial health, and community engagement are positive indicators of its operations.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Kovar Corporation?
100% of reviewers on Facebook recommend Kovar Corporation based on their ratings. Here is a summary of their reviews:
The consensus among reviewers is overwhelmingly positive, highlighting the exceptional assistance provided to Virginians. Many express pride in the program and its impact on the community, reflecting a strong belief in its effectiveness and importance.
Overall, the nonprofit is well-regarded for delivering valuable support, with users expressing satisfaction and confidence in the services it offers.
This AI summary has been generated from reviews found on Facebook.
Is Kovar Corporation legitimate?
Kovar Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kovar Corporation 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: $10,916
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.kovarva.org
What is the mission statement of Kovar Corporation?
Kovar Corporation's mission is centered around providing financial aid in the form of grants and loans to charitable organizations. These organizations, in turn, offer training and assistance to individuals with intellectual disabilities residing in Virginia. By doing so, Kovar Corporation aims to empower these organizations to effectively cater to the needs of these individuals, thereby enhancing their quality of life. The corporation's mission is instrumental in fostering growth and development opportunities for individuals with intellectual disabilities, thereby promoting a more inclusive society.
Official website here: www.kovarva.org
What is the revenue of Kovar Corporation?
Kovar Corporation's revenue in 2024 was $724,185.
Official website here: www.kovarva.org
Who are the executives of Kovar Corporation and what are their salaries?
There 1250 volunteers at Kovar Corporation.
Here are 15 key members and their salaries:
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Official website here: www.kovarva.org
Where can I find the form 990 for Kovar Corporation?
Kovar Corporation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.kovarva.org
Learn more at the official website: www.kovarva.org
Mission Statement of Kovar Corporation
Kovar Corporation, a notable entity, is dedicated to offering financial aid in the form of grants and loans to charitable organizations. The primary objective of these funds is to support organizations that provide training and assistance to individuals with intellectual disabilities within the Commonwealth of Virginia. By providing this financial assistance, Kovar Corporation aims to empower these charitable organizations to effectively carry out their mission, ultimately benefiting the citizens with intellectual disabilities they serve. The corporation's mission is an essential contribution to the community, as it ensures that these individuals have access to the necessary resources and opportunities for growth and development.
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Impact
July, 2024
Kovar Corporation's impact lies in its commitment to providing financial assistance through grants and loans to charitable organizations that offer training and assistance to citizens with intellectual disabilities in the Commonwealth of Virginia. By supporting these organizations, Kovar Corporation directly contributes to improving the lives and opportunities available to individuals with intellectual disabilities in the region. Ultimately, their efforts help to promote inclusivity, support, and empowerment within the community.
This information is meant to be a general summary of Kovar Corporation. 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 2024.
- Investment Income: $61,923
- Program Service Revenue: $38,429
- Gross Receipts: $724,185
Assets and Liabilities:
- Total Assets: $2,839,722
- Total Liabilities: $129,152
- Net Assets: $2,710,570
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
IMPUTED INTEREST - NOTES RECV
Revenue
$38,429
Organization Details
Founding Year
1971
Principal Officer
Edward S Whitlock Iii
Website
www.kovarva.orgNTEE Category
Code: P82J - Human services
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