Overview
What is Western Virginia Foundation For The Arts And Sciences?
The Western Virginia Foundation for the Arts and Sciences is a nonprofit organization, situated in Roanoke, Virginia. With a workforce of 106 individuals, their primary mission is to contribute to the financial well-being of significant cultural aspects in Western and Central Virginia. They actively participate in regional economic development and education, ensuring the vitality of these regions' cultural quality of life. Beyond this, they support the acquisition and operation of cultural facilities for various non-profit organizations in the region. This comprehensive approach to cultural preservation and promotion aims to enrich the region's cultural landscape and strengthen its overall development.
Official website here: www.centerinthesquare.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
The Western Virginia Foundation For The Arts And Sciences has earned a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. With a score of 92%, the organization demonstrates a commitment to transparency and responsible financial management, highlighted by its independent board and high program expense ratio of 86.44%. These factors indicate that a significant portion of its resources is directed towards its mission rather than administrative costs.
Strengths of the foundation include having a fully independent board and a robust audit and oversight committee, ensuring that governance is both effective and transparent. The absence of material diversion of assets further supports its integrity, along with established policies for conflict of interest and document retention. These elements contribute to the overall confidence in the organization’s operations and its commitment to serving the community.
However, there are notable limitations such as the lack of a whistleblower policy and the absence of tax forms on its website. These gaps may raise concerns regarding employee protection and public access to financial documentation. Addressing these issues could further enhance the foundation's accountability and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Western Virginia Foundation For The Arts And Sciences legitimate?
Western Virginia Foundation For The Arts And Sciences is a legitimate nonprofit organization registered as a 501(c)(3) entity. Western Virginia Foundation For The Arts And Sciences 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: $130,960
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,146,764
For more financial information, click here
Official website here: www.centerinthesquare.org
What is the mission statement of Western Virginia Foundation For The Arts And Sciences?
The Western Virginia Foundation for the Arts and Sciences actively participates in local and regional economic development and education. Its mission is to ensure the financial health of vital components that contribute to the cultural quality of life in Western and Central Virginia. The foundation achieves this by supporting the acquisition and operation of cultural facilities for various non-profit organizations. Furthermore, it contributes to economic development within Western Virginia.
Official website here: www.centerinthesquare.org
What is the revenue of Western Virginia Foundation For The Arts And Sciences?
Western Virginia Foundation For The Arts And Sciences's revenue in 2024 was $3,295,957.
Official website here: www.centerinthesquare.org
Who are the executives of Western Virginia Foundation For The Arts And Sciences and what are their salaries?
The average compensation at Western Virginia Foundation For The Arts And Sciences during 2024 was $10,648. There are 120 employees and 90 volunteers at Western Virginia Foundation For The Arts And Sciences.
Here are 24 key members and their salaries:
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Official website here: www.centerinthesquare.org
Where can I find the form 990 for Western Virginia Foundation For The Arts And Sciences?
Western Virginia Foundation For The Arts And Sciences's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.centerinthesquare.org
Learn more at the official website: www.centerinthesquare.org
Mission Statement of Western Virginia Foundation For The Arts And Sciences
The Western Virginia Foundation for the Arts and Sciences is committed to actively contributing to both local and regional economic development and education. Their mission revolves around ensuring the financial stability of crucial elements that contribute to the cultural quality of life in Western and Central Virginia. By doing so, they aim to support the acquisition and operation of cultural facilities for various non-profit organizations, thereby promoting economic development in the western region of Virginia.
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Impact
July, 2024
The Western Virginia Foundation for the Arts and Sciences has a significant impact on the cultural and economic development of Western and Central Virginia. By supporting the acquisition and operation of cultural facilities for various nonprofit organizations, the foundation contributes to enhancing the region's cultural quality of life. Additionally, its focus on economic development in Western Virginia indicates a commitment to fostering growth and sustainability in the area. Overall, the foundation plays a critical role in promoting the arts and supporting the overall well-being of the community in Roanoke, VA.
This information is meant to be a general summary of Western Virginia Foundation For The Arts And Sciences. 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 2024.
- Investment Income: $38,113
- Program Service Revenue: $2,364,745
- Gross Receipts: $3,785,291
Assets and Liabilities:
- Total Assets: $35,342,009
- Total Liabilities: $913,281
- Net Assets: $34,428,728
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMISSIONS
Revenue
$1,169,869
CENTER SERVICES
Revenue
$58,346
COLLABORATION EVENTS
Revenue
$402,134
FACILITY RENTALS
Revenue
$599,872
MEMBERSHIPS
Revenue
$134,524
Organization Details
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