Overview
What is Palos Verdes Estates Foundation?
The Palos Verdes Estates Foundation is a nonprofit organization located in Palos Verdes Estates, California. Its mission is to strengthen the community by fostering philanthropy through public-private partnerships with the City of Palos Verdes Estates. The Foundation achieves this by making grants to local nonprofits, governmental agencies, or contractors to complete projects that augment cultural, recreational, lifestyle, and safety programs in the area. In the recent year ending June 30, 2022, the Foundation made grants totaling $262,012, which included assisting the Palos Verdes Police Department, beautifying the median at City Hall, funding landscaping, and undertaking other mission-related projects. The Foundation's activities aim to enrich the quality of life and safety within the community of Palos Verdes Estates.
Official website here: www.pvefoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
The Palos Verdes Estates Foundation has achieved an impressive 97% rating from Charity Navigator, reflecting a strong commitment to accountability and financial management. This high score is derived entirely from their Accountability & Finance metrics, emphasizing the organization’s transparency and responsible stewardship of resources. A stellar rating in this area signals to donors and stakeholders that their contributions are being managed effectively.
The foundation boasts a completely independent board, which is a significant strength, as this ensures objective oversight and governance. Additionally, their policies on conflict of interest, whistleblower protections, and document retention are all in place and well-documented, showcasing their dedication to ethical practices. The organization’s program expense ratio of 76.83% indicates that a substantial portion of their expenditures is directed towards fulfilling their mission, rather than administrative costs.
While the data highlights numerous strengths, it remains crucial for potential donors to consider the broader impact of the foundation's programs and activities beyond the financial metrics. However, the lack of noted limitations in the scoring suggests that the Palos Verdes Estates Foundation operates with a high level of integrity and efficiency.
This AI summary has been generated from information found on Charity Navigator.
Is Palos Verdes Estates Foundation legitimate?
Palos Verdes Estates Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Palos Verdes Estates 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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Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.pvefoundation.org
What is the mission statement of Palos Verdes Estates Foundation?
The Palos Verdes Estates Foundation strengthens its community by encouraging philanthropy through public-private partnerships. It aims to augment cultural, recreational, lifestyle, and safety programs by making grants to local nonprofits, governmental agencies, or paying contractors to complete projects. In the fiscal year ending June 30, 2022, the foundation supported the local police department with a grant of $247,878, beautified city hall's median for $103,134, funded landscaping for an amount of $10,000 through a grant to Lunada Bay HOA, and pursued other mission-related projects for $4,224.
Official website here: www.pvefoundation.org
Who is the CEO of Palos Verdes Estates Foundation?
David Mcgowan is the President of Palos Verdes Estates Foundation.
Official website here: www.pvefoundation.org
What is the revenue of Palos Verdes Estates Foundation?
Palos Verdes Estates Foundation's revenue in 2022 was $473,447.
Official website here: www.pvefoundation.org
Who are the executives of Palos Verdes Estates Foundation and what are their salaries?
There 25 volunteers at Palos Verdes Estates Foundation.
Here are 6 key members and their salaries:
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Official website here: www.pvefoundation.org
Where can I find the form 990 for Palos Verdes Estates Foundation?
Palos Verdes Estates Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pvefoundation.org
Learn more at the official website: www.pvefoundation.org
Mission Statement of Palos Verdes Estates Foundation
The Palos Verdes Estates Foundation, a charitable organization, is dedicated to reinforcing its community by fostering philanthropy through collaborative partnerships with the City of Palos Verdes Estates. Its mission is to enhance cultural, recreational, lifestyle, and safety programs within its community. The foundation achieves this by granting funds to local nonprofits or governmental agencies, or by contracting projects to be completed, all in alignment with its objectives.
In the fiscal year ending June 30, 2022, the foundation made several significant contributions. It granted 247,878 dollars to the Palos Verdes Police Department to support their operations. Furthermore, it paid contractors to beautify the median at Palos Verdes Estates City Hall, investing 103,134 dollars in this project. Additionally, the foundation provided a grant of 10,000 dollars to Lunada Bay HOA for landscaping purposes. Lastly, it pursued other mission-related projects, investing 4,224 dollars in these endeavors.
In essence, the Palos Verdes Estates Foundation serves as a catalyst for community improvement, channeling resources towards initiatives that augment the quality of life for its residents, ensuring a vibrant and safe environment for all.
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Impact
July, 2024
The Palos Verdes Estates Foundation impacts the community by strengthening it through philanthropy via public-private partnerships with the City of Palos Verdes Estates. This includes making grants to local organizations or governmental agencies, paying contractors for projects, and pursuing mission-related initiatives. For example, in the year ending June 30, 2022, the foundation provided a grant to the Palos Verdes Police Department, funded beautification projects at Palos Verdes Estates City Hall, supported landscaping efforts at Lunada Bay HOA, and worked on other community enhancement projects. Through its activities, the foundation contributes to the improvement of cultural, recreational, lifestyle, and safety programs in Palos Verdes Estates.
This information is meant to be a general summary of Palos Verdes Estates 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: $131
- Gross Receipts: $526,324
Assets and Liabilities:
- Total Assets: $472,790
- Total Liabilities: $4,105
- Net Assets: $468,685
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Organization Details
Founding Year
2019
Phone
(213) 393-7977Principal Officer
David Mcgowan
Main Address
PO BOX 955, Palos Verdes Estates, CA, 90274
Website
www.pvefoundation.orgNTEE Category
Code: C50 - Environment
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