Overview
What is Smyth County Charitable Fund?
The Smyth County Charitable Fund is a nonprofit organization situated in Marion, Virginia, with a mission to support the initiatives of the Smyth County Community Foundation. By identifying and funding qualified programs and projects, they aim to enhance the overall physical, mental, and emotional well-being of residents in Smyth County and the surrounding areas. The organization, with a workforce of 67 employees, is dedicated to making a positive impact on local communities.
What are the reviews and ratings of this charity?
Charity Navigator rating: 94%, Four-Star out of Four Star rating.
Smyth County Charitable Fund has received a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization scored a perfect 100% for having a majority of independent board members, indicating a robust governance structure. Additionally, its financial statements are audited, ensuring transparency and reliability in its fiscal management.
The charity demonstrates a solid commitment to responsible financial practices, with a program expense ratio of 80.45%, which suggests that a significant portion of its budget is directed towards its programs rather than administrative costs. The low liabilities to assets ratio of 0.17% further highlights its financial health, indicating that the organization has a strong asset base relative to its liabilities.
While the data is overwhelmingly positive, it is essential for potential donors and supporters to continue monitoring the organization’s ongoing impact and effectiveness in fulfilling its mission. Overall, Smyth County Charitable Fund appears to be a trustworthy entity focused on utilizing its resources efficiently to serve the community.
This AI summary has been generated from information found on Charity Navigator.
Is Smyth County Charitable Fund legitimate?
Smyth County Charitable Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Smyth County Charitable 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $90,509
Professional Fundraising Fees: $0
Other Salaries and Wages: $640,455
For more financial information, click here
What is the mission statement of Smyth County Charitable Fund?
The Smyth County Charitable Fund is dedicated to supporting the mission of the Smith County Community Foundation. This involves identifying and backing qualified programs and projects that enhance the overall well-being of citizens in Smith County and the surrounding areas. Specifically, their focus is on improving the physical, mental, and emotional health of individuals in the community. By providing financial assistance to these initiatives, the Smyth County Charitable Fund aims to contribute to a healthier and more vibrant community. Their role is essential in identifying deserving projects and ensuring they receive the necessary funding to make a positive impact.
Who is the CEO of Smyth County Charitable Fund?
Kevin Vernon is the Principal Officer of Smyth County Charitable Fund.
What is the revenue of Smyth County Charitable Fund?
Smyth County Charitable Fund's revenue in 2022 was $35,613,438.
Who are the executives of Smyth County Charitable Fund and what are their salaries?
The average compensation at Smyth County Charitable Fund during 2022 was $10,910. There are 67 employees at Smyth County Charitable Fund.
Here are 16 key members and their salaries:
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- Compensation: $90,509
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- Other: $60
Where can I find the form 990 for Smyth County Charitable Fund?
Smyth County Charitable Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Smyth County Charitable Fund
The Smyth County Charitable Fund is a dedicated organization with a mission to support the initiatives of the Smith County Community Foundation. In simpler terms, this charitable body works tirelessly to identify and bolster qualifying programs and projects that contribute positively to the physical, mental, and emotional well-being of the citizens of Smyth County and its surrounding areas. By providing essential assistance to these projects, the Smyth County Charitable Fund plays a vital role in enhancing the overall quality of life for the community members it serves.
Through its unwavering commitment to health and wellness, the Smyth County Charitable Fund aims to make a lasting impact on the lives of people in need. By funding and advocating for programs that cater to various aspects of health, this charitable entity aspires to create a ripple effect of change. Its mission extends beyond the boundaries of Smyth County, as it strives to make a difference in the lives of those who stand to benefit from its endeavors.
The Smyth County Charitable Fund's approach to community development is rooted in the understanding that a healthy, thriving population is the foundation of a prosperous society. By investing in initiatives that address the physical, mental, and emotional needs of its community members, this charitable body seeks to foster a culture of wellness and self-sufficiency. Through its efforts, the Smyth County Charitable Fund is not only making a difference in the lives of individuals but is also contributing to the long-term growth and sustainability of the community.
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Impact
October, 2024
The Smyth County Charitable Fund plays a vital role in enhancing the physical, mental, and emotional well-being of the citizens in Smyth County and its surrounding areas. By identifying and supporting qualified programs and projects, the Fund actively contributes to community health improvements. Its efforts focus on a broad range of initiatives that foster healthier lifestyles, strengthen mental health resources, and promote emotional resilience among residents. This targeted support not only addresses immediate community needs but also lays the groundwork for long-term health advancements, ultimately uplifting the overall quality of life for individuals and families in the region.
This information is meant to be a general summary of Smyth County Charitable 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 2022.
- Investment Income: $34,369,152
- Program Service Revenue: $1,244,286
- Gross Receipts: $35,613,438
Assets and Liabilities:
- Total Assets: $46,121,991
- Total Liabilities: $82,339
- Net Assets: $46,039,652
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LIFETIME WELLNESS MEMBERSHIP FEES
Revenue
$1,045,636
LEASE INCOME
Revenue
$152,817
GOLF COURSE OPERATING REVENUE
Revenue
$45,833
Organization Details
Founding Year
1999
Phone
(276) 781-2743Principal Officer
Kevin Vernon
Main Address
1 HEALTH WAY, MARION, VA, 24354
NTEE Category
Code: E110 - Health
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