Overview
What is The Vii Foundation Inc?
The Vii Foundation Inc, based in New York City, serves as a catalyst for transforming visual journalism. As the educational wing of the foundation, VII Academy offers tuition-free, real-world training to aspiring journalists and visual practitioners. The academy focuses on media practice, photojournalism, ethics, and media entrepreneurship, aiming to foster a culture where the information narrative is democratized. The foundation's mission is to empower new voices and create stories that advocate change, recognizing the growing misalignment between beliefs and realities in the world. With a dedicated workforce of three individuals, The Vii Foundation Inc strives to revolutionize the field of visual journalism.
Official website here: www.theviifoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star rating.
The Vii Foundation Inc has achieved an impressive score of 97%, securing a Four-Star rating, which indicates a strong commitment to accountability and transparency. The overall score reflects high performance in both Accountability & Finance (83%) and Culture & Community (17%). The foundation's financial stability is underscored by a 96% Accountability & Finance score, with notable metrics such as a low liabilities-to-assets ratio of 2.31% and a program expense ratio of 81.03%.
Organizational strengths include a fully independent board comprising 77% independent members, and the incorporation of numerous best practices, such as conflict of interest and whistleblower policies. The Vii Foundation excels in collecting and utilizing feedback, achieving a perfect score in these areas, which highlights its commitment to community engagement and responsiveness.
While the organization shows exemplary scores across various beacons, its lower weight in the Culture & Community category indicates potential areas for growth in fostering deeper community connections. However, the overall assessment reflects a well-managed nonprofit with strong governance and positive operational practices.
This AI summary has been generated from information found on Charity Navigator.
Is The Vii Foundation Inc legitimate?
The Vii Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Vii 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: $281,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $35,178
For more financial information, click here
Official website here: www.theviifoundation.org
What is the mission statement of The Vii Foundation Inc?
The Vii Foundation's mission is centered around transforming the field of visual journalism. Recognizing the growing misalignment between beliefs and realities in today's world, the foundation aims to empower new voices and produce stories that advocate for change. This task is considered urgent due to the increasing disconnect between facts and actions. As the educational wing of The Vii Foundation, VII Academy plays a significant role. It provides tuition-free, real-world training to a new generation of journalists and visual practitioners, fostering an environment that promotes high-quality journalism. The academy focuses on media practice, photojournalism, ethics, and media entrepreneurship, with the long-term goal of democratizing the information narrative.
Official website here: www.theviifoundation.org
What is the revenue of The Vii Foundation Inc?
The Vii Foundation Inc's revenue in 2023 was $1,171,889.
Official website here: www.theviifoundation.org
Who are the executives of The Vii Foundation Inc and what are their salaries?
The average compensation at The Vii Foundation Inc during 2023 was $79,044. There are 4 employees at The Vii Foundation Inc.
Here are 10 key members and their salaries:
- Compensation: $219,000
- Related: $0
- Other: $0
- Compensation: $62,000
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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
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.theviifoundation.org
Where can I find the form 990 for The Vii Foundation Inc?
The Vii Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.theviifoundation.org
Learn more at the official website: www.theviifoundation.org
Mission Statement of The Vii Foundation Inc
The Vii Foundation, a mission-driven organization, aims to revolutionize visual journalism by empowering new voices and creating narratives that advocate for change. In a world where beliefs and actions often diverge from facts and realities, transforming visual journalism becomes an urgent task. The Vii Foundation serves this purpose by operating as the educational wing of the organization, known as VII Academy. This institution provides tuition-free, real-world training and practice for a new generation of journalists and visual practitioners. By teaching various aspects of media practice, photojournalism, ethics, and media entrepreneurship, VII Academy seeks to foster a long-term culture where the information narrative is democratized. The goal is to enable a cohort of skilled visual journalists who can contribute to a contemporary global media environment.
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Impact
July, 2024
The Vii Foundation Inc's impact lies in transforming visual journalism by empowering new voices and creating stories that advocate change. Through the VII Academy, this organization provides real-world, tuition-free training and practice to nurture a new generation of journalists and visual practitioners. By focusing on media practice, photojournalism, ethics, and media entrepreneurship, The Vii Foundation Inc aims to democratize the information narrative and build a culture of high-quality journalism. Through these efforts, they are working towards bridging the gap between beliefs and facts in today's world.
This information is meant to be a general summary of The Vii 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 2023.
- Investment Income: -$20,295
- Program Service Revenue: $20,428
- Gross Receipts: $1,171,889
Assets and Liabilities:
- Total Assets: $3,146,719
- Total Liabilities: $63,185
- Net Assets: $3,083,534
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$18,269
FISCAL AGENT FEES
Revenue
$2,159
Organization Details
Founding Year
2001
Principal Officer
Ron Jacques
Website
www.theviifoundation.orgNTEE Category
Code: A20 - Arts
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