Overview
What is The Los Angeles Valley College Foundation?
The Los Angeles Valley College Foundation is a nonprofit organization situated in Van Nuys, California, with the postal address 5800 FULTON AVE, CA 91401. Their primary mission is to boost the educational potential of students by providing scholarships and grants. With a modest workforce of two individuals, this foundation plays a significant role in promoting academic abilities by financially supporting students and student organizations for their educational pursuits.
Official website here: www.lavcfoundation.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 89% (Three-Star out of Four Star Rating)
The Los Angeles Valley College Foundation received an overall rating of 89%, which reflects a commendable level of accountability and transparency in its operations. With a perfect score of 100 in the Culture & Community category, the foundation demonstrates strong engagement and commitment to its stakeholders. The majority of its board members are independent, which is a positive indicator of governance and oversight.
Despite its strengths, there are notable areas for improvement in the foundation's policies. Specifically, the absence of a whistleblower policy and a document retention and destruction policy highlights gaps in risk management. These missing elements could impact the foundation's overall governance practices, even as it excels in other areas.
Financially, the foundation has a solid performance with a program expense ratio of 63.27%, indicating a significant portion of expenses dedicated to its mission. Its fundraising efficiency is also impressive, with only $0.04 spent to raise each dollar, contributing to its sustainable operational growth. Overall, while The Los Angeles Valley College Foundation shows many strengths, addressing its policy gaps would enhance its overall governance and accountability.
This AI summary has been generated from information found on Charity Navigator.
Is The Los Angeles Valley College Foundation legitimate?
The Los Angeles Valley College Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Los Angeles Valley College 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: $93,917
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.lavcfoundation.org/
What is the mission statement of The Los Angeles Valley College Foundation?
The Los Angeles Valley College Foundation's mission is centered around enhancing the educational capabilities of students. They achieve this goal by offering scholarships and grants. This financial aid is designed to support not only individual students but also student organizations, all with the purpose of furthering their educational pursuits. By providing these resources, the foundation aims to empower students to reach their academic potential.
Official website here: www.lavcfoundation.org/
Who is the CEO of The Los Angeles Valley College Foundation?
Ronya Waters is the President of The Los Angeles Valley College Foundation.
Official website here: www.lavcfoundation.org/
What is the revenue of The Los Angeles Valley College Foundation?
The Los Angeles Valley College Foundation's revenue in 2022 was $1,304,931.
Official website here: www.lavcfoundation.org/
Who are the executives of The Los Angeles Valley College Foundation and what are their salaries?
The average compensation at The Los Angeles Valley College Foundation during 2022 was $46,958. There are 2 employees and 12 volunteers at The Los Angeles Valley College Foundation.
Here are 13 key members and their salaries:
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- Compensation: $81,078
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- Other: $27,276
Official website here: www.lavcfoundation.org/
Where can I find the form 990 for The Los Angeles Valley College Foundation?
The Los Angeles Valley College Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lavcfoundation.org/
Learn more at the official website: www.lavcfoundation.org/
Mission Statement of The Los Angeles Valley College Foundation
The Los Angeles Valley College Foundation is a nonprofit organization dedicated to enhancing the educational abilities of students. Its primary mission is to accomplish this by providing scholarships and grants. By offering these financial aid resources, the foundation seeks to empower students and student organizations, thereby contributing to their educational pursuits. This nonprofit's activities are centered around promoting academic growth and success among its beneficiaries.
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Impact
October, 2024
The Los Angeles Valley College Foundation significantly enhances educational opportunities for students by offering scholarships and grants aimed at fostering academic achievement. By providing financial support to both individual students and student organizations, the Foundation empowers learners to pursue their educational goals without the burden of financial obstacles. This not only boosts student morale but also encourages a culture of excellence and ambition within the community. Through targeted funding, the Foundation plays a vital role in promoting educational skills, ultimately contributing to the development of a skilled workforce in Van Nuys and beyond.
This information is meant to be a general summary of The Los Angeles Valley College 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: $446,122
- Gross Receipts: $2,397,305
Assets and Liabilities:
- Total Assets: $7,262,871
- Total Liabilities: $656,721
- Net Assets: $6,606,150
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Organization Details
Founding Year
1991
Phone
(818) 947-2619Principal Officer
Ronya Waters
Main Address
5800 FULTON AVE, VAN NUYS, CA, 91401
Website
www.lavcfoundation.org/NTEE Category
Code: B82 - Education
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