Overview
What is Vmrc Foundation Inc?
Vmrc Foundation Inc, located in Harrisonburg, Virginia, is a nonprofit organization with a mission to serve as a vibrant and authentic destination for individuals seeking to age well. They offer financial support and investment services specifically tailored for 501(c)(3) organizations within a retirement community. With a small team of four dedicated individuals, the foundation aims to foster an environment where seniors can thrive and connect with like-minded individuals, promoting overall well-being and community engagement.
Official website here: www.vmrc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars
The Vmrc Foundation Inc has received a "Needs Improvement" rating from Charity Navigator, scoring 73%. This score indicates that while the organization demonstrates a strong commitment to accountability, evidenced by 100% of its board members being independent and robust policies in place for conflict of interest and document retention, its financial performance raises some concerns.
One notable strength is the foundation's adherence to transparency, exemplified by its complete compliance with audit and oversight procedures, as well as proper documentation of board meeting minutes. However, the organization struggles with its program expense ratio, which is considerably low at 51.31%, suggesting that a smaller portion of its budget is allocated directly to programs, potentially limiting its impact.
Overall, while the Vmrc Foundation Inc shows a strong governance structure, its financial management and program funding could benefit from improvement. This may affect stakeholders' perceptions and the foundation's overall effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Vmrc Foundation Inc?
There are currently no ratings for Vmrc Foundation Inc on Facebook, but a handful of reviews have been submitted. The consensus from these reviews highlights that it is a positive environment, particularly for employees. One reviewer noted that it is a great place to work and emphasized that residents receive top-quality care, indicating a strong commitment to service excellence.
This positive sentiment suggests that the foundation is meeting its mission effectively, providing both a supportive workplace for staff and high standards of care for residents. Overall, it appears that the nonprofit is on the right track in terms of fulfilling its goals and maintaining a good reputation among those involved.
This AI summary has been generated from reviews found on Facebook.
Is Vmrc Foundation Inc legitimate?
Vmrc Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vmrc Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $181,299
For more financial information, click here
Official website here: www.vmrc.org
What is the mission statement of Vmrc Foundation Inc?
The Vmrc Foundation Inc's mission is centered around being a hub for individuals aiming to age well, providing an environment that is vibrant and authentic. Their goal is to offer a destination where individuals can age gracefully, fostering a sense of community. In addition to this, the foundation supports 501(c) (3) organizations financially and through investment services, contributing to the well-being of these organizations within a retirement community.
Official website here: www.vmrc.org
Who is the CEO of Vmrc Foundation Inc?
Jake Bell is the CEO of Vmrc Foundation Inc The CEO's salary of Vmrc Foundation Inc is $0 and their total compensation is $0.
Official website here: www.vmrc.org
What is the revenue of Vmrc Foundation Inc?
Vmrc Foundation Inc's revenue in 2024 was $2,188,641.
Official website here: www.vmrc.org
Who are the executives of Vmrc Foundation Inc and what are their salaries?
The average compensation at Vmrc Foundation Inc during 2024 was $45,325. There are 4 employees and 90 volunteers at Vmrc Foundation Inc.
Here are 14 key members and their salaries (Vmrc Foundation Inc's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
- Related: $188,524
- Other: $19,349
- Compensation: $0
- Related: $185,418
- Other: $16,573
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.vmrc.org
Where can I find the form 990 for Vmrc Foundation Inc?
Vmrc Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.vmrc.org
Learn more at the official website: www.vmrc.org
Mission Statement of Vmrc Foundation Inc
Vmrc Foundation Inc is committed to serving as a beacon for individuals seeking to age gracefully in a lively, genuine community. Their mission is to create an environment that caters to this desire, fostering a sense of belonging and well-being for those involved. To achieve this, the foundation offers financial support and investment services specifically tailored for 501(c)(3) organizations situated within a retirement community. By providing these resources, Vmrc Foundation Inc aims to enhance the living experiences of its community members, promoting an authentic and vibrant environment where individuals can age comfortably and with purpose.
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Impact
July, 2024
Vmrc Foundation Inc serves as a destination hub for individuals looking to age well in a vibrant and authentic community. Their fundraising programs provide financial support and investment services for 501(c)(3) organizations in a retirement community. They aim to create a supportive environment where seniors can thrive and access the resources they need to lead fulfilling lives. Through their work, Vmrc Foundation Inc positively impacts the human services sector by promoting the well-being and quality of life of seniors in Harrisonburg, VA.
This information is meant to be a general summary of Vmrc Foundation 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 2024.
- Investment Income: $914,397
- Gross Receipts: $21,750,088
Assets and Liabilities:
- Total Assets: $32,618,242
- Total Liabilities: $10,967,166
- Net Assets: $21,651,076
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Organization Details
Founding Year
1980
Principal Officer
Jake Bell
Website
www.vmrc.orgNTEE Category
Code: P75 - Human services
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