Overview
What is Virginia Foundation For Agriculture Innovation And Rural Sustainability?
The Virginia Foundation for Agriculture Innovation and Rural Sustainability is a nonprofit organization situated in Richmond, Virginia. Its primary mission is to assist rural Virginians in developing and advancing their agricultural, economic, and social interests. By providing technical and financial assistance, the foundation aims to offer traditional and innovative solutions to enhance agricultural opportunities, develop value-added products, and improve market opportunities. The organization also addresses challenges in farmers' production and marketing resources, and works to ensure the sustainability of rural Virginia. In addition, the foundation has assisted 12 producer applicants in various sectors such as aquaculture, craft beverages, beef cattle, lavender, fresh produce, and more, and has helped nine clients apply to various programs like the Local Food Promotion Program, Rural Business Development Grant, Climate Smart Commodity Program, Urban Ag and Innovation Program, and Small Business Dairy Innovation Initiative.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Stars)
The Virginia Foundation For Agriculture Innovation And Rural Sustainability has received a Three-Star rating from Charity Navigator, reflecting a solid commitment to accountability and financial management. With a score of 79%, the organization demonstrates effective governance, including a majority of independent board members and established policies for conflict of interest, whistleblower protection, and document retention.
Strengths highlighted include a strong program expense ratio of 89.12%, indicating that a significant portion of resources is directed towards its programs. The organization also shows no material diversion of assets, which enhances its credibility. The low liabilities to assets ratio of 13.07% further underscores its financial stability.
While the overall rating is commendable, improvements could potentially be made to enhance transparency and further engage stakeholders. However, the foundation's existing practices suggest a strong foundation for continuing its mission in agricultural innovation and rural sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Virginia Foundation For Agriculture Innovation And Rural Sustainability legitimate?
Virginia Foundation For Agriculture Innovation And Rural Sustainability is a legitimate nonprofit organization registered as a 501(c)(3) entity. Virginia Foundation For Agriculture Innovation And Rural Sustainability 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 Virginia Foundation For Agriculture Innovation And Rural Sustainability?
The Virginia Foundation for Agriculture Innovation and Rural Sustainability aims to assist rural communities in developing and advancing their agricultural, economic, and social interests to enhance their quality of life. The organization facilitates and coordinates technical and financial assistance to rural communities, providing innovative solutions that develop agricultural opportunities, create value-added products, improve market opportunities, address challenges in farmers' production and marketing resources, and address issues affecting rural sustainability. The foundation's mission is to help rural communities thrive by offering assistance in a variety of programs, such as the Local Food Promotion Program, Rural Business Development Grant, Climate Smart Commodity Program, Urban Ag and Innovation Program, Small Business Dairy Innovation Initiative, and more.
Who is the CEO of Virginia Foundation For Agriculture Innovation And Rural Sustainability?
David A Priddy is the Director of Virginia Foundation For Agriculture Innovation And Rural Sustainability.
What is the revenue of Virginia Foundation For Agriculture Innovation And Rural Sustainability?
Virginia Foundation For Agriculture Innovation And Rural Sustainability's revenue in 2022 was $413,504.
Who are the executives of Virginia Foundation For Agriculture Innovation And Rural Sustainability and what are their salaries?
Here are 13 key members and their salaries:
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Where can I find the form 990 for Virginia Foundation For Agriculture Innovation And Rural Sustainability?
Virginia Foundation For Agriculture Innovation And Rural Sustainability's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Virginia Foundation For Agriculture Innovation And Rural Sustainability
The Virginia Foundation for Agriculture Innovation and Rural Sustainability, a nonprofit organization, is dedicated to assisting rural Virginians in enhancing their agricultural, economic, and social interests. The foundation aims to foster and coordinate technical and financial assistance, providing traditional and innovative solutions to improve the rural community's quality of life.
Specifically, the Virginia Foundation for Agriculture Innovation and Rural Sustainability focuses on developing agricultural opportunities using existing resources, developing high-value agricultural products, addressing challenges in production and marketing resources, and addressing sustainability issues in rural Virginia. The organization's mission is to help rural Virginians advance their interests in agriculture and improve their lives.
In practice, the Virginia Foundation for Agriculture Innovation and Rural Sustainability has supported various initiatives. For instance, they have assisted 12 producer applicants in value-added projects across various sectors, including aquaculture, craft beverages, beef cattle, lavender, and fresh produce. Additionally, the organization has helped nine clients apply for a variety of programs, such as the Local Food Promotion Program, Rural Business Development Grant, Climate Smart Commodity Program, Urban AG and Innovation Program, and Small Business Dairy Innovation Initiative. These efforts demonstrate the Virginia Foundation for Agriculture Innovation and Rural Sustainability's commitment to supporting rural Virginians in their agricultural pursuits and improving their overall well-being.
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Impact
June, 2024
Virginia Foundation For Agriculture Innovation And Rural Sustainability has made a significant impact in assisting rural Virginians in developing and advancing their agricultural, economic, and social interests. By facilitating and coordinating technical and financial assistance, the foundation has successfully provided traditional and innovative solutions to address various challenges facing farmers and rural communities.
Specifically, the foundation has assisted 12 producer applicants for value-added producer grants in diverse areas such as aquaculture, craft beverages, beef cattle, lavender, fresh produce, and more. Additionally, they have supported nine clients in applying for programs like the Local Food Promotion Program, Rural Business Development Grant, Climate Smart Commodity Program, Urban Ag and Innovation Program, and Small Business Dairy Innovation Initiative.
Through these efforts, Virginia Foundation For Agriculture Innovation And Rural Sustainability has contributed to the development of agricultural opportunities, value-added products, improved market opportunities, and sustainable practices in rural Virginia. Their work has not only supported individual producers but also helped enhance the overall quality of life in rural communities.
This information is meant to be a general summary of Virginia Foundation For Agriculture Innovation And Rural Sustainability. 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.
- Program Service Revenue: $91,091
- Gross Receipts: $413,504
Assets and Liabilities:
- Total Assets: $424,252
- Total Liabilities: $60,817
- Net Assets: $363,435
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Organization Details
Founding Year
2004
Phone
(804) 290-1000Principal Officer
David A Priddy
Main Address
P O BOX 27552, RICHMOND, VA, 232617552
NTEE Category
Code: C03 - Environment
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