Overview
What is The Community Foundation For Northern Virginia Inc?
The Community Foundation for Northern Virginia Inc is a nonprofit organization committed to fostering philanthropy and community leadership. Their primary objective is to address the most pressing needs of the community by growing philanthropy. The organization comprises various funds such as donor-advised funds, permanent funds, giving circles, and other charitable endowments. By connecting donors to the community, they aim to promote an equitable and inclusive prosperity that aligns our economic strength with the diversity of our community. Their mission extends beyond just financial support, as they strive to advance equity across Northern Virginia.
Official website here: www.cfnova.org
What are the reviews and ratings of this charity?
The Community Foundation For Northern Virginia Inc has received a Four-Star out of Four Star rating from Charity Navigator, achieving an impressive score of 100%. This high rating reflects the organization's strong accountability and finance practices, with a specific score of 100 in that area. The foundation is noted for having a fully independent board and no material diversion of assets, indicating strong governance and fiduciary responsibility.
Strengths highlighted include their effective program expense ratio at 89.35%, which demonstrates efficient use of resources towards their charitable programs. Additionally, the foundation is commended for its high scores in feedback collection and usage, showcasing their commitment to understanding and addressing the needs of the community. Their rapid adaptation during the COVID-19 pandemic and the launching of specific fundraising campaigns for mental health services further underscores their proactive approach to community support.
However, the organization received lower scores in Leadership & Adaptability, indicating possible areas for growth in leadership effectiveness and strategic adaptability. Although specific user reviews from GreatNonprofits are unavailable, this summary accentuates the foundation's organizational strengths and responsiveness to community needs while also acknowledging areas that could enhance their operational capabilities.
This AI summary has been generated from information found on Charity Navigator.
Is The Community Foundation For Northern Virginia Inc legitimate?
The Community Foundation For Northern Virginia Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Community Foundation For Northern Virginia 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: $251,200
Professional Fundraising Fees: $0
Other Salaries and Wages: $794,643
For more financial information, click here
Official website here: www.cfnova.org
What is the mission statement of The Community Foundation For Northern Virginia Inc?
The Community Foundation For Northern Virginia Inc's mission is centered around promoting equity across the region through philanthropy and community leadership. Their vision is to create a community that benefits everyone, merging economic strength with the diversity of the population. The foundation primarily operates through donor-advised funds, permanent funds, giving circles, and other charitable endowments. By connecting donors to the community, they aim to foster a more equitable and inclusive prosperity. Their primary goal is to grow philanthropy to address the most pressing needs of the community.
Official website here: www.cfnova.org
Who is the CEO of The Community Foundation For Northern Virginia Inc?
Eileen Ellsworth is the Chair of The Community Foundation For Northern Virginia Inc. The CEO's salary of The Community Foundation For Northern Virginia Inc is $240,000 and their total compensation is $241,199.
Official website here: www.cfnova.org
What is the revenue of The Community Foundation For Northern Virginia Inc?
The Community Foundation For Northern Virginia Inc's revenue in 2023 was $10,934,222.
Official website here: www.cfnova.org
Who are the executives of The Community Foundation For Northern Virginia Inc and what are their salaries?
The average compensation at The Community Foundation For Northern Virginia Inc during 2023 was $80,449. There are 13 employees and 23 volunteers at The Community Foundation For Northern Virginia Inc.
Here are 26 key members and their salaries (The Community Foundation For Northern Virginia Inc's CEO's salary is $240,000 and their total compensation is $241,199):
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Official website here: www.cfnova.org
Where can I find the form 990 for The Community Foundation For Northern Virginia Inc?
The Community Foundation For Northern Virginia Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.cfnova.org
Learn more at the official website: www.cfnova.org
Mission Statement of The Community Foundation For Northern Virginia Inc
The Community Foundation for Northern Virginia, with a vision of creating a community that works for everyone, is committed to advancing equity across the region. This mission-driven organization achieves this goal through philanthropy and community leadership. Comprising donor-advised funds, permanent funds, giving circles, and other charitable endowments, the Community Foundation connects donors to the community, fostering a more equitable and inclusive prosperity that aligns our economic strength with the full breadth of our diverse community. By growing philanthropy, the Community Foundation for Northern Virginia aims to address the most pressing needs of the community, ensuring that resources are allocated effectively to create positive change and foster a more equitable society.
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Impact
July, 2024
The Community Foundation For Northern Virginia Inc's impact is focused on advancing equity across Northern Virginia through philanthropy and community leadership. By connecting donors to the community and promoting a more equitable and inclusive prosperity, the foundation works towards building a community that works for everyone. The organization's efforts involve donor advised funds, permanent funds, giving circles, and other charitable endowments to address the most critical needs of the community and foster a more diverse and prosperous region.
This information is meant to be a general summary of The Community Foundation For Northern Virginia 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $255,408
- Program Service Revenue: $798,195
- Gross Receipts: $43,908,689
Assets and Liabilities:
- Total Assets: $90,612,712
- Total Liabilities: $409,478
- Net Assets: $90,203,234
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FUND FEE INCOME
Revenue
$798,195
Organization Details
Founding Year
1978
Phone
(703) 879-7640Principal Officer
Eileen Ellsworth
Main Address
3201 JERMANTOWN ROAD 660, FAIRFAX, VA, 22030
Website
www.cfnova.orgNTEE Category
Code: T31 - Philanthropy
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