Overview
What is Coalfield Water Development Fund?
The Coalfield Water Development Fund is a nonprofit organization, based in Coeburn, Virginia, with a postal address of PO Box 2194. Its primary mission is to advance water projects in southwest Virginia, particularly in areas lacking sufficient water systems. To achieve this goal, the fund provides gap financing to expedite water development and encourages the creation of regional water systems. Additionally, the organization fosters local investments in water provision, aiming to address public health issues related to water quantity and quality.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 78% (Three-Star out of Four Star rating)
The Coalfield Water Development Fund has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. With a score of 78%, the organization demonstrates strong financial health, characterized by a high program expense ratio of 83.74%, meaning a significant portion of its resources is directed toward its programs rather than administrative costs.
The organization showcases robust governance structures, with 100% of its board members being independent, which enhances decision-making transparency. Additionally, it has strong policies in place regarding conflict of interest, whistleblowing, and document retention, all contributing positively to its accountability practices. The liabilities to assets ratio is also commendable at 51.71%, suggesting a reasonable management of financial obligations.
Despite these strengths, the overall score is solely based on its Accountability & Finance metrics, leaving out other potential performance indicators such as impact and program effectiveness. This singular focus may limit a comprehensive understanding of the organization's overall effectiveness and reach in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Coalfield Water Development Fund legitimate?
Coalfield Water Development Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Coalfield Water Development Fund 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.
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What is the mission statement of Coalfield Water Development Fund?
The Coalfield Water Development Fund's mission is primarily focused on expediting water development. They achieve this by providing gap financing for water projects. Additionally, the fund encourages the development of regional water systems and stimulates local investments in water provision. Beyond that, the organization aims to address public health issues related to the quantity and quality of water, ensuring a more sustainable and safe water supply.
What is the revenue of Coalfield Water Development Fund?
Coalfield Water Development Fund's revenue in 2024 was $682,798.
Who are the executives of Coalfield Water Development Fund and what are their salaries?
Here are 15 key members and their salaries:
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Where can I find the form 990 for Coalfield Water Development Fund?
Coalfield Water Development Fund's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Coalfield Water Development Fund
The Coalfield Water Development Fund is an organization dedicated to expediting water development by providing gap financing and encouraging regional water system development. Its mission extends beyond this, aiming to stimulate local investments in water provision and address public health issues related to the quantity and quality of water. By funding water projects in areas lacking adequate water systems, this nonprofit seeks to contribute significantly to ensuring access to clean water, thereby improving overall community well-being.
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Impact
October, 2024
Coalfield Water Development Fund significantly impacts water accessibility and quality in Southwest Virginia, particularly in underserved areas. By providing gap financing, the fund facilitates essential water projects that address both the quantity and quality of water supply, directly improving public health outcomes.
Moreover, the fund encourages regional water system development, fostering collaboration among local entities and promoting local investments in water provision. This holistic approach not only enhances water infrastructure but also stimulates economic growth and community resilience. Overall, the fund plays a crucial role in transforming the water landscape of the region, ensuring that more households have access to safe and adequate water systems.
This information is meant to be a general summary of Coalfield Water Development Fund. 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: $409,777
- Gross Receipts: $1,469,407
Assets and Liabilities:
- Total Assets: $20,428,381
- Total Liabilities: $10,677,151
- Net Assets: $9,751,230
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Organization Details
Founding Year
1996
Principal Officer
Scotty Wampler
NTEE Category
Code: W128 - Public benefit
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