Overview
What is Vv Family Foundation?
The Vv Family Foundation, situated in Bakersfield, California, is a nonprofit organization that focuses on fundraising efforts. Its primary mission is to support other charitable organizations, aiming to improve the lives of individuals dealing with various health-related issues, such as diabetes, Alzheimer's, and cancer, among others. In 2022, the foundation organized a fundraising event, titled "Boots, Gowns, and Nashville Sounds," which resulted in a significant contribution of $150,000 to Links for Life. The foundation's work contributes to enhancing the well-being of children and adults facing these illnesses.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 60%, earning a Two-Star out of Four Star rating. The Vv Family Foundation has a moderate rating, which indicates some strengths in its governance and financial accountability. The foundation has a fully independent board, scoring 10 out of 10 points in that area. Additionally, it has demonstrated proper asset management with a high score in material diversion of assets, suggesting that it effectively manages its resources.
However, the foundation faces significant challenges in transparency and compliance. It received zero points in several categories, including the independent board size and conflict of interest policy, highlighting a lack of structural safeguards. Moreover, the absence of critical documents such as board meeting minutes and tax forms on its website raises concerns about the foundation's commitment to transparency.
Despite these shortcomings, the Vv Family Foundation maintains a strong program expense ratio, indicating that a substantial portion of its funds is directed towards its programs. Nevertheless, potential donors and stakeholders should consider the areas needing improvement in governance and financial reporting before engaging with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Vv Family Foundation legitimate?
Vv Family Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vv Family 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Vv Family Foundation?
The Vv Family Foundation's mission is centered around raising funds to support various non-profit organizations. These organizations aim to enhance the lives of individuals, both children and adults, who are battling different illnesses, such as diabetes, Alzheimer's, and cancer. By hosting fundraising events and making donations, the Vv Family Foundation contributes to the efforts of these organizations in providing essential support and improving the quality of life for those affected by these illnesses. An example of their philanthropic activities is the 2022 Boots, Gowns, and Nashville Sounds event, which resulted in a $150,000 donation to Links for Life.
Who is the CEO of Vv Family Foundation?
Kristin Varner is the CEO of Vv Family Foundation The CEO's salary of Vv Family Foundation is $0 and their total compensation is $0.
What is the revenue of Vv Family Foundation?
Vv Family Foundation's revenue in 2023 was $77,792.
Who are the executives of Vv Family Foundation and what are their salaries?
There 26 volunteers at Vv Family Foundation.
Here are 2 key members and their salaries (Vv Family Foundation's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Vv Family Foundation?
Vv Family Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Vv Family Foundation
The Vv Family Foundation is committed to raising funds to aid non-profit organizations that focus on enhancing the lives of individuals, both children and adults, who are battling various illnesses such as diabetes, Alzheimer's, and cancer. By hosting fundraising events, the foundation seeks to provide financial support to these organizations, thereby contributing to their mission of improving the quality of life for those affected by these illnesses. An example of their efforts is the 2022 Boots, Gowns, and Nashville Sounds event, which resulted in a significant donation of $150,000 to Links for Life. This demonstrates the Vv Family Foundation's dedication to supporting organizations that strive to make a difference in the lives of those afflicted with illnesses.
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Impact
October, 2024
The VV Family Foundation has made a significant impact by raising funds to support organizations dedicated to improving the lives of individuals affected by serious illnesses such as diabetes, Alzheimer's, and cancer. In 2022, their fundraising event, Boots, Gowns, and Nashville Sounds, successfully generated a $150,000 donation to Links for Life, showcasing their commitment to medical research and community support. Based in Bakersfield, California, the foundation's efforts contribute to advancing healthcare initiatives and providing vital resources for those in need, ultimately fostering hope and improving health outcomes in the community.
This information is meant to be a general summary of Vv Family 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 2023.
- Gross Receipts: $546,320
Assets and Liabilities:
- Total Assets: $30,907
- Total Liabilities: $0
- Net Assets: $30,907
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Organization Details
Founding Year
2014
Principal Officer
Vint Varner
NTEE Category
Code: H12 - Medical research
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