Overview
What is Martis Valley Education Foundation?
The Martis Valley Education Foundation is a nonprofit organization situated in San Francisco, California, specifically at 38 Keyes Avenue 200. Its primary objective is to support public charities by offering them real estate at a significantly reduced cost. This mission is carried out through the Foundation's activity of leasing property below market value. By doing so, the Martis Valley Education Foundation aims to contribute to the charitable sector in a meaningful way, potentially making a significant impact on the communities they serve.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Score: 70%, Two-Star out of Four Stars)
The Martis Valley Education Foundation has received a "Needs Improvement" rating from Charity Navigator, indicating that while it demonstrates strong accountability and financial practices, there are significant areas for concern, particularly regarding governance. The foundation excels with a perfect score in accountability and finance, reflecting its commitment to responsible financial management and a strong conflict of interest policy.
However, the organization struggles with some governance issues, particularly the independent board size which received a zero out of ten points. Additionally, the foundation lacks essential policies, such as a whistleblower policy and a document retention and destruction policy, both of which are critical for ensuring operational transparency and trust. Despite these shortcomings, the foundation maintains a high program expense ratio, indicating that a substantial portion of its budget is directed towards its programs rather than administrative costs.
Overall, while the Martis Valley Education Foundation shows promise with its financial accountability, it must address its governance weaknesses to strengthen its overall effectiveness and build greater trust with its stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Martis Valley Education Foundation legitimate?
Martis Valley Education Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Martis Valley Education 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
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What is the mission statement of Martis Valley Education Foundation?
The Martis Valley Education Foundation's mission, as stated, is centered around providing real estate to public charities at a significantly reduced cost. This mission is aimed at facilitating the operational activities of these charitable organizations, thereby contributing to their overall objectives in a meaningful way. The foundation's primary activity lies in leasing its properties to these charities at rates that are substantially lower than the market value, thereby providing them with financial relief and enabling them to channel their resources more effectively towards their intended causes. This strategic approach allows the foundation to play a supportive role in the charitable sector, contributing to the betterment of various communities and causes.
Who is the CEO of Martis Valley Education Foundation?
Julie Swan is the President of Martis Valley Education Foundation.
What is the revenue of Martis Valley Education Foundation?
Martis Valley Education Foundation's revenue in 2022 was $60,012.
Who are the executives of Martis Valley Education Foundation and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Martis Valley Education Foundation?
Martis Valley Education Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Martis Valley Education Foundation
Martis Valley Education Foundation, as its mission states, is dedicated to leasing real estate to public charities at a significantly reduced cost. This mission is an integral part of the foundation's activities, aiming to provide essential resources to these charitable organizations at a price that is lower than the usual market rate. By doing so, Martis Valley Education Foundation contributes to the sustainability and growth of these charities, allowing them to focus more on their primary missions rather than worrying about the financial aspects of acquiring and maintaining property. This strategic approach of the foundation significantly supports the charitable sector, enabling them to serve their communities more effectively.
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Impact
August, 2024
Martis Valley Education Foundation's impact lies in providing real property to public charities at substantially below cost. By offering this support, the Foundation enables public charities to focus more resources on their educational initiatives and community programs. This fosters a positive environment for growth and impact in the education sector.
This information is meant to be a general summary of Martis Valley Education 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.
- Gross Receipts: $60,012
Assets and Liabilities:
- Total Assets: $16,991,383
- Total Liabilities: $2,778,372
- Net Assets: $14,213,011
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Organization Details
Founding Year
2015
Phone
(415) 851-1780Principal Officer
Julie Swan
Main Address
38 Keyes Avenue 200, San Francisco, CA, 94129
NTEE Category
Code: B99 - Education
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