Voa Futures Fund Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 371866322 ✦ Alexandria, VA ✦ Designated as a 501(c)(3)

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Overview

What is Voa Futures Fund Inc?

Voa Futures Fund Inc, an affiliate of Volunteers of America, serves as a catalyst for the development and growth of impactful social service models and enterprises. Its primary function is to offer financial and financing assistance to Volunteers of America, Inc. and its associated organizations. The organization's main objective is to support their mission by providing essential financial resources, aiming to strengthen and expand their social service initiatives.


Official website here: www.voa.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 97%, Four-Star out of Four Star rating.

Voa Futures Fund Inc demonstrates a strong commitment to accountability and financial health, reflected in its impressive 97% score from Charity Navigator. This rating is based entirely on its performance in accountability and finance metrics, with the organization earning full points in key areas such as independent board membership and the absence of material diversion of assets.

The organization also exhibits excellent transparency practices, having public policies on conflict of interest, whistleblowing, and document retention readily available. With a program expense ratio of 99.50%, it indicates that the majority of its funds are directed towards its programs, showcasing effective use of resources in fulfilling its mission. Overall, Voa Futures Fund Inc exemplifies strong governance and financial responsibility, making it a trustworthy option for potential donors.


This AI summary has been generated from information found on Charity Navigator.

Is Voa Futures Fund Inc legitimate?

Voa Futures Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Voa Futures Fund 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.voa.org

What is the mission statement of Voa Futures Fund Inc?

The Volunteers of America's VOA Futures Fund serves as an affiliate, focusing on the development and expansion of impactful social service models and enterprises. Its primary objective is to offer financial and financing support to Volunteers of America, Inc. and its affiliated organizations, aiming to bolster their initiatives and advance their missions.


Official website here: www.voa.org

Who is the CEO of Voa Futures Fund Inc?

Joseph Budzynski is the Chair - Outgoing of Voa Futures Fund Inc.


Official website here: www.voa.org

What is the revenue of Voa Futures Fund Inc?

Voa Futures Fund Inc's revenue in 2022 was $1,350,532.


Official website here: www.voa.org

Who are the executives of Voa Futures Fund Inc and what are their salaries?

There 4 volunteers at Voa Futures Fund Inc.


Here are 7 key members and their salaries:


Fennell David (Chair - Outgoing)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rein Alison (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stringfellow Janet (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Segura Juan Pablo (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sullivan Lynn (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Budzynski Joseph A (Cfo & Asst. Secretary/Treasurer)
  • Compensation: $0
  • Related: $328,554
  • Other: $76,526
Gibson Robert D (Asst. Secretary/Treasurer)
  • Compensation: $0
  • Related: $308,026
  • Other: $63,824


Official website here: www.voa.org

Where can I find the form 990 for Voa Futures Fund Inc?

Voa Futures Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.voa.org

Learn more at the official website: www.voa.org

Mission Statement of Voa Futures Fund Inc

VOA Futures Fund Inc is an affiliate organization of Volunteers of America, dedicated to aiding the development and expansion of impactful social service models and enterprises. Its primary objective is to offer financial and financing support to Volunteers of America, Inc. and its affiliates, with the aim of enhancing their capabilities to address societal needs effectively. By providing this financial backing, VOA Futures Fund Inc plays a vital role in enabling its parent organization and affiliates to expand their reach and further their mission of improving lives through various social services.

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Impact




July, 2024

Voa Futures Fund Inc's impact can be seen in its support for the development and expansion of high impact social service models and enterprises through providing financial and financing support to Volunteers of America, Inc. and its affiliates. By investing in these initiatives, the organization contributes to community improvement efforts that address various social issues and enhance the well-being of individuals in need. This support facilitates the growth and sustainability of programs that make a meaningful difference in the lives of vulnerable populations, ultimately leading to positive societal outcomes.




This information is meant to be a general summary of Voa Futures Fund 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.

Revenue
$1,350,532 (2022)
Expenses
$2,225,976 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $3,751
  • Gross Receipts: $1,350,532

Assets and Liabilities:

  • Total Assets: $3,460,377
  • Total Liabilities: $1,354,063
  • Net Assets: $2,106,314

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Organization Details

Founding Year

2017

Principal Officer

Joseph Budzynski

Main Address

1660 DUKE ST, ALEXANDRIA, VA, 22314

NTEE Category

Code: S80 - Community improvement

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