Overview
What is Danville Pittsylvania County Chamber Foundation?
The Danville Pittsylvania County Chamber Foundation is a charitable organization situated in Danville, Virginia. Its primary objective is to enhance and expand educational, employment, economic, leadership, and cultural opportunities within the Danville and Pittsylvania County area. To achieve this, the foundation engages in activities that promote economic development and workforce training, as well as tourism. Additionally, it sponsors various initiatives that align with its mission, which includes but is not limited to, charitable, scientific, literacy, religious, and educational programs, as permitted by the Code of Virginia.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Star Rating)
The Danville Pittsylvania County Chamber Foundation received a rating of 73%, which classifies it as a Two-Star organization. This rating reflects a moderate level of financial health and accountability, with particular strengths in governance. The foundation boasts an entirely independent board, scoring full points in both the majority independent board members and independent board size categories. Additionally, it has established key policies, including conflict of interest and whistleblower protections, further enhancing its accountability.
On the financial side, the foundation has a solid infrastructure, indicated by a favorable liabilities to assets ratio of 57.24%. It also has policies in place for document retention and meeting minutes, showcasing a commitment to transparency. However, the program expense ratio of 57.56% suggests that a significant portion of its expenditures may not be directed toward programs, which could raise concerns about its operational efficiency.
Overall, while the Danville Pittsylvania County Chamber Foundation exhibits strong governance practices and financial accountability, its operational expenditures reveal areas for improvement. Stakeholders may want to consider this balance when assessing the foundation's impact and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Danville Pittsylvania County Chamber Foundation legitimate?
Danville Pittsylvania County Chamber Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Danville Pittsylvania County Chamber 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:
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What is the mission statement of Danville Pittsylvania County Chamber Foundation?
The Danville Pittsylvania County Chamber Foundation's mission is centered around promoting initiatives that enhance and broaden educational, employment, economic, leadership, and cultural opportunities in their local area. They actively sponsor and engage in activities that foster economic development. Additionally, the foundation supports workforce training and tourism in the region. Beyond these specific activities, they are also authorized to undertake any other lawful affairs that fall under charitable, scientific, literacy, religious, and educational programs, as permitted by the Code of Virginia.
Who is the CEO of Danville Pittsylvania County Chamber Foundation?
Anne N Moore-Sparks is the Chair of Danville Pittsylvania County Chamber Foundation. The CEO's salary of Danville Pittsylvania County Chamber Foundation is $0 and their total compensation is $18,355.
What is the revenue of Danville Pittsylvania County Chamber Foundation?
Danville Pittsylvania County Chamber Foundation's revenue in 2022 was $46,830.
Who are the executives of Danville Pittsylvania County Chamber Foundation and what are their salaries?
There 17 volunteers at Danville Pittsylvania County Chamber Foundation.
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Where can I find the form 990 for Danville Pittsylvania County Chamber Foundation?
Danville Pittsylvania County Chamber Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Danville Pittsylvania County Chamber Foundation
The Danville Pittsylvania County Chamber Foundation is committed to advancing initiatives that enhance and expand educational, employment, economic, leadership, and cultural opportunities within its surrounding area. The organization actively sponsors and engages in activities that foster economic development, with a focus on workforce training and tourism. In addition to these endeavors, the foundation is involved in various lawful affairs that contribute to charitable, scientific, literary, religious, and educational programs. Its purpose is broad, encompassing any activities that align with the scope of corporations as outlined in Title 13.1 of the Code of Virginia.
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Impact
August, 2024
The Danville Pittsylvania County Chamber Foundation's impact is focused on promoting initiatives that enhance and expand educational, employment, economic, leadership, and cultural opportunities in and around the Danville and Pittsylvania County, Virginia area. Additionally, they sponsor and engage in activities that promote economic development, workforce training, and tourism in the region. Through these efforts, the foundation plays a vital role in advancing the overall well-being and prosperity of the community.
This information is meant to be a general summary of Danville Pittsylvania County Chamber 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.
- Gross Receipts: $46,830
Assets and Liabilities:
- Total Assets: $153,139
- Total Liabilities: $57,807
- Net Assets: $95,332
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Organization Details
Founding Year
2009
Phone
(434) 836-6990Principal Officer
Anne N Moore-Sparks
Main Address
150 SLAYTON AVE, DANVILLE, VA, 24540
NTEE Category
Code: T30 - Philanthropy
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