Overview
What is Waterford Foundation Inc?
Waterford Foundation Inc is a nonprofit organization situated in Waterford, Virginia. With a mission to preserve the historical significance of the area, the organization aims to maintain the integrity of the National Historic Landmark District of Waterford, Virginia. By doing so, it intends to educate the public about life and work in an early American rural community. This is achieved through the preservation of historic buildings and open spaces within the district. The foundation employs a team of five dedicated individuals in this endeavor.
Official website here: www.waterfordfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Star rating). The Waterford Foundation Inc has achieved a commendable score of 85%, indicating strong accountability and financial health. This rating is based solely on the Accountability & Finance beacon, reflecting the charity's commitment to transparency and effective governance.
The foundation demonstrates impressive organizational strengths, particularly with a fully independent board, which holds 100% independent members. Additionally, it boasts a robust program expense ratio of 88.23%, suggesting that a significant portion of its resources is directed towards its mission-driven activities. The organization also has effective policies in place, including conflict of interest and whistleblower protections, enhancing its operational integrity.
However, while the charity's score reflects strong financial practices, it is important to note that the overall rating is derived from a single category. This may limit the assessment of other potential aspects of the foundation's effectiveness or program impact, which are not captured in this rating. Overall, the Waterford Foundation Inc displays a solid framework for accountability and finance, promising a reliable choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Waterford Foundation Inc legitimate?
Waterford Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Waterford 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: $58,729
Professional Fundraising Fees: $0
Other Salaries and Wages: $122,850
For more financial information, click here
Official website here: www.waterfordfoundation.org
What is the mission statement of Waterford Foundation Inc?
The Waterford Foundation Inc's mission is centered around preserving the historic buildings and open spaces within a National Historic Landmark District. The primary goal is to safeguard the integrity of this district. Furthermore, the organization aims to enhance public understanding of life and work in an early American rural community through educational initiatives. By doing so, they aim to increase the public's knowledge and appreciation for historical periods and rural living. The Waterford Foundation Inc's activities primarily focus on preservation and education, contributing to the preservation of historical landmarks and fostering historical awareness.
Official website here: www.waterfordfoundation.org
Who is the CEO of Waterford Foundation Inc?
David Hunt is the President of Waterford Foundation Inc.
Official website here: www.waterfordfoundation.org
What is the revenue of Waterford Foundation Inc?
Waterford Foundation Inc's revenue in 2022 was $601,935.
Official website here: www.waterfordfoundation.org
Who are the executives of Waterford Foundation Inc and what are their salaries?
The average compensation at Waterford Foundation Inc during 2022 was $36,316. There are 5 employees and 425 volunteers at Waterford Foundation Inc.
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- Compensation: $58,729
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Official website here: www.waterfordfoundation.org
Where can I find the form 990 for Waterford Foundation Inc?
Waterford Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.waterfordfoundation.org
Learn more at the official website: www.waterfordfoundation.org
Mission Statement of Waterford Foundation Inc
The Waterford Foundation Inc is dedicated to preserving the historic buildings and open spaces within the National Historic Landmark District of Waterford, Virginia. Their mission extends beyond preservation, aiming to educate the public and enhance their understanding of life and work in an early American rural community. By preserving the integrity of this historical district, the Waterford Foundation Inc seeks to provide a tangible connection to the past, fostering a deeper appreciation for the history and culture that shaped our society. Through educational programs and initiatives, the organization strives to broaden public knowledge, fostering a sense of appreciation for the historical significance of this rural community.
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Impact
July, 2024
Waterford Foundation Inc has a significant impact on preserving the historic buildings and open spaces of the National Historic Landmark District of Waterford, Virginia. Through their efforts, they aim to protect the integrity of this important district and educate the public on life and work in an early American rural community. By focusing on preservation and education, Waterford Foundation Inc plays a crucial role in safeguarding the cultural heritage and history of Waterford, Virginia for future generations. Their work contributes to the overall enrichment and appreciation of this National Historic Landmark District.
This information is meant to be a general summary of Waterford 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 2022.
- Investment Income: $47,102
- Program Service Revenue: $282,046
- Gross Receipts: $777,386
Assets and Liabilities:
- Total Assets: $6,097,604
- Total Liabilities: $184,927
- Net Assets: $5,912,677
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOME TOURS AND CRAFT
Revenue
$250,284
EDUCATION
Revenue
$21,072
MEMBERSHIP
Revenue
$10,690
Organization Details
Founding Year
1943
Phone
(540) 882-3018Principal Officer
David Hunt
Main Address
PO BOX 142, WATERFORD, VA, 20197
Website
www.waterfordfoundation.orgNTEE Category
Code: A82Z - Arts
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