Overview
What is Addventuri?
Addventuri is a nonprofit organization situated in Williamsburg, Virginia, with a focus on promoting biking and educating participants. They achieve this by organizing multi-day cycling events across the state. Despite the COVID-19 pandemic causing the cancellation of their main event in the fiscal year ending September 30, 2022, Addventuri's mission remains to educate Virginians about the benefits and safety aspects of cycling. The organization, with a modest workforce of five employees, aims to spread awareness and foster a biking culture in the state.
Official website here: www.bikevirginia.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Star rating (Needs Improvement) - Overall Score: 61%
Addventuri has received a two-star rating from Charity Navigator, indicating a need for improvement in various aspects of its operations. While the organization scores well on elements such as accountability and finance with a program expense ratio of 98.64%, which suggests that a significant portion of its expenses goes directly to its programs, there are notable concerns regarding governance practices. Specifically, the absence of key policies such as a conflict of interest policy, whistleblower policy, and document retention and destruction policy has negatively impacted its overall score.
Additionally, the organization demonstrates a strong governance structure, with a fully independent board and no material diversion of assets reported. However, it has a concerning liabilities to assets ratio of 289.70%, which could indicate potential financial stability issues. Moreover, the lack of transparency, as evidenced by missing tax forms on its website, raises questions about its commitment to accountability.
Overall, while Addventuri has strengths in programmatic spending and a solid board structure, it faces significant challenges in governance policies and financial health that need to be addressed to improve its standing and effectiveness as a nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Addventuri legitimate?
Addventuri is a legitimate nonprofit organization registered as a 501(c)(3) entity. Addventuri 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: $87,281
Professional Fundraising Fees: $0
Other Salaries and Wages: $121,171
For more financial information, click here
Official website here: www.bikevirginia.org
What is the mission statement of Addventuri?
Addventuri's mission is focused on educating individuals about the benefits and safety of cycling. They accomplish this through organizing bike events, such as multi-day rides across Virginia. These events not only promote cycling as a sport but also serve as opportunities to educate participants on cycling safety. Unfortunately, due to the COVID-19 pandemic, their main event had to be cancelled during the 2021-2022 fiscal year.
Official website here: www.bikevirginia.org
Who is the CEO of Addventuri?
Kimberly Perry Edd is the Executive Di of Addventuri.
Official website here: www.bikevirginia.org
What is the revenue of Addventuri?
Addventuri's revenue in 2022 was -$1,413.
Official website here: www.bikevirginia.org
Who are the executives of Addventuri and what are their salaries?
The average compensation at Addventuri during 2022 was $41,690. There are 5 employees at Addventuri.
Here are 6 key members and their salaries:
- Compensation: $87,281
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.bikevirginia.org
Where can I find the form 990 for Addventuri?
Addventuri's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bikevirginia.org
Learn more at the official website: www.bikevirginia.org
Mission Statement of Addventuri
Addventuri, as a nonprofit organization, is dedicated to spreading awareness and promoting the benefits and safety of biking among Virginians. Their mission is centered around educating the community, and they accomplish this through organizing bike events. Specifically, they sponsor multi-day rides across Virginia, allowing participants to engage with biking while simultaneously learning about safety measures. Unfortunately, due to the COVID-19 pandemic, their main event had to be canceled for the fiscal year ending September 30, 2022. Despite this setback, Addventuri continues to advocate for the positive aspects of biking and the importance of safety within the cycling community.
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Impact
October, 2024
Addventuri significantly influences the biking culture in Virginia by educating residents about the benefits and safety of cycling. Through organized bike events, such as multi-day rides across the state, the initiative promotes biking as a healthy and environmentally friendly mode of transportation. These events foster community engagement and encourage participants to embrace cycling, enhancing their knowledge of safe biking practices and road sharing. By focusing on education and community involvement, Addventuri helps to cultivate a safer biking environment and fosters a greater appreciation for the joys and advantages of cycling among Virginians. Even with setbacks like the COVID-19 shutdown, the core mission remains focused on advocating for biking and ensuring public safety, aiming to inspire a more bike-friendly culture throughout the region.
This information is meant to be a general summary of Addventuri. 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: -$137
- Program Service Revenue: $1,314
- Gross Receipts: $1,864
Assets and Liabilities:
- Total Assets: $545,028
- Total Liabilities: $787,019
- Net Assets: -$241,991
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EVENT INCOME - REGISTRATION
Revenue
$1,314
Organization Details
Founding Year
2000
Phone
(757) 564-0701Principal Officer
Kimberly Perry Edd
Main Address
6678 RICHMOND RD, WILLIAMSBURG, VA, 23188
Website
www.bikevirginia.orgNTEE Category
Code: M40 - Public safety
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