Overview
What is Diversity Richmond Inc?
Diversity Richmond Inc is a nonprofit organization situated in Richmond, Virginia. Their primary focus is on supporting the Lesbian, Gay, Bisexual, Transgender, Questioning (LGBTQ+) community, their families, friends, and allies. They operate a thrift store named Diversity Thrift, where donated items such as clothing, household items, books, and furniture are sold to generate revenue. A significant portion of these earnings is utilized to fund their operations, sponsor educational, civic, and cultural programming, and provide direct financial assistance to agencies serving the LGBTQ+ community in Central Virginia. Diversity Richmond Inc also serves as an advocate and resource for the LGBTQ+ community, working towards creating a vibrant and inclusive Richmond where inequalities do not exist. Their mission is to develop and sustain organizations, programs, and services that align with their values of diversity, inclusion, individual dignity, equality, and civic engagement.
Official website here: www.diversityrichmond.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Diversity Richmond Inc has earned an impressive Four-Star rating from Charity Navigator, reflecting its strong accountability and financial management practices. With a perfect score of 100% for its independent board members, the organization demonstrates a commitment to transparency and effective governance, which is crucial for building trust with donors and community members.
The financial health of Diversity Richmond Inc is robust, with a program expense ratio of 89.58%, indicating that a significant majority of its funds are directed towards its programs rather than administrative costs. Additionally, the organization has no reported material diversion of assets, which further highlights its responsible stewardship of resources.
While the data showcases many strengths, the focus on accountability and finance means that other areas, such as program impact or community feedback, are not evaluated in this rating. Overall, Diversity Richmond Inc appears to be a well-managed charity, prioritizing transparency and financial integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Diversity Richmond Inc legitimate?
Diversity Richmond Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Diversity Richmond Inc 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: $96,664
Professional Fundraising Fees: $0
Other Salaries and Wages: $653,578
For more financial information, click here
Official website here: www.diversityrichmond.org
What is the mission statement of Diversity Richmond Inc?
Diversity Richmond Inc's mission is centered around fostering a vibrant and inclusive community that celebrates diversity. They achieve this by supporting organizations, programs, and services that align with their values of diversity, inclusion, individual dignity, equality, and civic engagement. The organization operates a thrift store, Diversity Thrift, where donated items are sold, generating revenue to fund their operations, educational programs, and direct cash support for agencies serving the LGBTQ+ community. Diversity Richmond also acts as a voice and resource for the LGBTQ+ community, striving to eliminate inequality and champion a dynamic community that celebrates all its members.
Official website here: www.diversityrichmond.org
Who is the CEO of Diversity Richmond Inc?
Chris Moore is the Chair of Diversity Richmond Inc.
Official website here: www.diversityrichmond.org
What is the revenue of Diversity Richmond Inc?
Diversity Richmond Inc's revenue in 2022 was $1,842,200.
Official website here: www.diversityrichmond.org
Who are the executives of Diversity Richmond Inc and what are their salaries?
The average compensation at Diversity Richmond Inc during 2022 was $18,756. There are 40 employees and 225 volunteers at Diversity Richmond Inc.
Here are 16 key members and their salaries:
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- Compensation: $51,531
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Official website here: www.diversityrichmond.org
Where can I find the form 990 for Diversity Richmond Inc?
Diversity Richmond Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.diversityrichmond.org
Learn more at the official website: www.diversityrichmond.org
Mission Statement of Diversity Richmond Inc
Diversity Richmond Inc, a catalyst and advocate for the Lesbian, Gay, Bisexual, Transgender, Questioning (LGBTQ+) community and their allies, aims to foster a vibrant, inclusive Richmond where inequalities do not exist. This organization takes on the responsibility of bringing injustices to the attention of the majority, aligning with the belief that it is the minority's duty to do so. To achieve this mission, Diversity Richmond develops and supports organizations, programs, and services that embody values of diversity, inclusion, individual dignity, equality, and civic engagement in Central Virginia.
The nonprofit operates a retail store named Diversity Thrift, which sells donated items such as clothing, household items, books, and furniture. Volunteers play a significant role in sorting, organizing, and preparing these items for sale. The revenue generated by Diversity Thrift is used to fund three main areas: operating expenses for Diversity Richmond, educational, civic, and cultural programming, and direct cash support for agencies and groups that provide services to the LGBTQ+ community in Central Virginia. By doing so, Diversity Richmond enriches and champions the diverse community, striving for a world where all members are treated with dignity and equality.
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Impact
October, 2024
Diversity Richmond Inc serves as a vital catalyst for growth and support within the Lesbian, Gay, Bisexual, Transgender, and Questioning (LGBTQ+) community in Central Virginia. By creating a welcoming and resourceful environment, it enriches and champions diversity, striving for an inclusive Richmond where inequality is actively addressed.
Operating a retail store, Diversity Thrift, the organization leverages publicly donated items to generate revenue that funds a range of educational, civic, and cultural programs. This initiative not only provides essential financial support for various agencies serving the LGBTQ+ population but also fosters community involvement through significant volunteer engagement.
By developing and sustaining organizations and services aligned with values of diversity and inclusion, Diversity Richmond Inc empowers individuals and groups to advocate for their rights and well-being, thereby promoting a dynamic community that celebrates all identities. The commitment to uplift marginalized voices and spotlight injustices further underscores its impactful role, making it a cornerstone for advocacy and dignity in Richmond.
This information is meant to be a general summary of Diversity Richmond Inc. 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: $43
- Program Service Revenue: $10,695
- Gross Receipts: $2,003,402
Assets and Liabilities:
- Total Assets: $3,131,590
- Total Liabilities: $596,331
- Net Assets: $2,535,259
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OTHER
Revenue
$10,695
Organization Details
Founding Year
1999
Phone
(804) 622-4646Principal Officer
Chris Moore
Main Address
1407 SHERWOOD AVENUE, RICHMOND, VA, 23220
Website
www.diversityrichmond.orgNTEE Category
Code: B90 - Education
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