Overview
What is Friends Of Valley-Wide Foundation?
Friends of Valley-Wide Foundation is a nonprofit organization situated in Hemet, California. Their primary focus is to support various programs offered by the Valley Wide Park and Recreation District. This encompasses scholarships for youth, sponsorships for sports events, and exchange club scholarships, amongst other initiatives. Additionally, they provide funding for the 'Fallen Heroes Scholarships.' Their mission is to sustain the recreational and outreach programs aimed at benefiting the youth served by the Valley Wide Recreation and Park District.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 61%)
Friends Of Valley-Wide Foundation has received a Two-Star rating from Charity Navigator, indicating a need for improvement in various areas of accountability and financial practices. The organization has a solid score for having a fully independent board and no material diversion of assets, reflecting good governance practices. The Liabilities to Assets Ratio is also commendable at 0.00%, which indicates sound financial health.
However, the foundation struggles with transparency and compliance, as evidenced by several missing policies and documentation. Key areas such as the conflict of interest policy, whistleblower policy, and document retention policy are all marked as missing, which raises concerns about organizational governance. Additionally, the foundation's website lacks important documents, including the tax form and program expense ratio information.
Overall, while Friends Of Valley-Wide Foundation demonstrates strengths in certain governance metrics, significant gaps in transparency and policy adherence indicate that improvements are necessary to enhance their accountability and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of Valley-Wide Foundation legitimate?
Friends Of Valley-Wide Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of Valley-Wide 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 Friends Of Valley-Wide Foundation?
The Friends of Valley-Wide Foundation's mission is centered around sustaining the recreational and outreach programs designed for the youth served by the Valley Wide Recreation and Park District. Their primary objective is to ensure the continuity of these programs, which play a significant role in the youth's development and engagement. The foundation supports various initiatives under the Valley Wide Park and Recreation District, including sports programs, scholarships, and sponsorships for youth. They also provide scholarships through organizations like the Exchange Club and honor fallen heroes by offering scholarships in their memory.
Who is the CEO of Friends Of Valley-Wide Foundation?
Cindy Domenigoni is the President of Friends Of Valley-Wide Foundation.
What is the revenue of Friends Of Valley-Wide Foundation?
Friends Of Valley-Wide Foundation's revenue in 2022 was $139,279.
Who are the executives of Friends Of Valley-Wide Foundation and what are their salaries?
There 12 volunteers at Friends Of Valley-Wide Foundation.
Here are 11 key members and their salaries:
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Where can I find the form 990 for Friends Of Valley-Wide Foundation?
Friends Of Valley-Wide Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Friends Of Valley-Wide Foundation
Friends of Valley-Wide Foundation is an organization dedicated to upholding the recreational and outreach programs that cater to the youth served by the Valley Wide Recreation and Park District. The primary mission of this nonprofit is to ensure the sustainability of these programs, which play a crucial role in the holistic development of young individuals. The foundation supports various initiatives under the Valley Wide Park and Recreation District, including sports activities, scholarship programs, and sponsorships for talented youth. Additionally, Friends of Valley-Wide Foundation awards scholarships through organizations like the Exchange Club and the Fallen Heroes Scholarship Fund, thereby aiding in the educational pursuits of deserving youngsters. In essence, the foundation's mission is to bolster the growth and well-being of the youth by sustaining and enhancing the recreational and outreach programs provided by the Valley Wide Recreation and Park District.
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Impact
October, 2024
Friends Of Valley-Wide Foundation plays a vital role in enhancing the recreational landscape for youth in the Valley Wide Recreation and Park District. By sustaining and supporting a wide range of programs, the foundation ensures that young people have access to sports, scholarships, and various outreach initiatives that promote physical activity and personal development.
Impacting the lives of youth in Hemet, CA, Friends Of Valley-Wide Foundation provides essential scholarships that help to alleviate financial barriers for families, allowing more children to participate in sports and other recreational activities. The foundation's involvement with sports sponsorship fosters teamwork, discipline, and healthy competition, while specialized scholarships like the Exchange Club Scholarships and Fallen Heroes Scholarships offer additional avenues of support for youth in need.
Through these efforts, Friends Of Valley-Wide Foundation strengthens community ties, encourages active lifestyles, and provides crucial resources that empower the younger generation to thrive in both their athletic endeavors and academic pursuits.
This information is meant to be a general summary of Friends Of Valley-Wide 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.
- Investment Income: $187
- Gross Receipts: $188,144
Assets and Liabilities:
- Total Assets: $422,533
- Total Liabilities: $1
- Net Assets: $422,532
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Organization Details
Founding Year
1998
Phone
(951) 665-8261Principal Officer
Cindy Domenigoni
Main Address
PO BOX 5599, HEMET, CA, 92544
NTEE Category
Code: Z99Z - Unknown
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