Overview
What is Virginia Community Action Partnership Inc?
Virginia Community Action Partnership Inc, based in Richmond, Virginia, serves as the statewide association for the thirty-one non-profit community action agencies in Virginia. Their mission is to strengthen these agencies, empowering them to create economic opportunities and facilitate mobility from poverty for the people of Virginia. To achieve this goal, they provide grants to eighteen coalitions and focus on building the capacity and competencies of these agencies. Specifically, they offer free income tax preparation services to lower-income families, demonstrating their commitment to improving the lives of individuals and communities in Virginia. With a team of three dedicated individuals, Virginia Community Action Partnership Inc plays a significant role in supporting Virginia's community action agenda.
Official website here: www.vacap.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%, Four-Star out of Four Star rating.
Virginia Community Action Partnership Inc has achieved an outstanding score of 100%, reflecting its strong performance in accountability and finance. This rating is particularly significant as it is based solely on their financial health and governance practices, demonstrating exemplary management and transparency to potential donors and stakeholders.
The organization benefits from a fully independent board, with 30 members, showcasing a commitment to governance that avoids conflicts of interest. Financially, they have successfully passed rigorous audits and have no material diversion of assets, indicating robust fiscal responsibility. Additionally, their ability to allocate a high percentage of expenses (87.77%) directly to programs further emphasizes their focus on effective service delivery.
While the rating highlights exceptional transparency and governance, it is important for potential supporters to consider how these attributes translate into community impact. The nonprofit has laid a solid foundation for financial integrity, but ongoing assessments of program outcomes will be crucial for understanding its effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Virginia Community Action Partnership Inc legitimate?
Virginia Community Action Partnership Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Virginia Community Action Partnership 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: $187,176
Professional Fundraising Fees: $0
Other Salaries and Wages: $157,544
For more financial information, click here
Official website here: www.vacap.org
What is the mission statement of Virginia Community Action Partnership Inc?
Virginia Community Action Partnership Inc's mission is to strengthen the capacity and competence of Virginia's thirty-one community action agencies. Their objective is to aid these agencies in achieving their mission of fostering economic opportunities and facilitating mobility out of poverty for the people of Virginia. At Virginia Community Action Partnership, they are committed to a future where all community action agencies in Virginia are highly impactful, and people and places across the state are thriving. They strive to support Virginia's community action agencies in their mission to improve the lives of those in poverty.
Official website here: www.vacap.org
Who is the CEO of Virginia Community Action Partnership Inc?
Erik Johnston is the President & of Virginia Community Action Partnership Inc.
Official website here: www.vacap.org
What is the revenue of Virginia Community Action Partnership Inc?
Virginia Community Action Partnership Inc's revenue in 2023 was $1,076,146.
Official website here: www.vacap.org
Who are the executives of Virginia Community Action Partnership Inc and what are their salaries?
The average compensation at Virginia Community Action Partnership Inc during 2023 was $114,907. There are 3 employees at Virginia Community Action Partnership Inc.
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Official website here: www.vacap.org
Where can I find the form 990 for Virginia Community Action Partnership Inc?
Virginia Community Action Partnership Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.vacap.org
Learn more at the official website: www.vacap.org
Mission Statement of Virginia Community Action Partnership Inc
Virginia Community Action Partnership (VACAP) serves as the statewide membership association for Virginia's thirty-one non-profit private and public community action agencies. Their mission is centered around building the capacity and competencies of these agencies, aiming to help them achieve their goal of creating economic opportunities and facilitating mobility from poverty for the people of Virginia. VACAP is committed to a future where all community action agencies in Virginia are high impact, leading to thriving people and places across the state.
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Impact
July, 2024
Virginia Community Action Partnership Inc's impact is significant in building the capacity and competencies of Virginia's community action agencies to create economic opportunities and facilitate mobility from poverty for the people of Virginia. By providing free income tax preparation services to lower-income families and grants to coalitions, they are making a tangible difference in improving the economic well-being of individuals and communities across the state. Through their efforts, they are working towards a future where all of Virginia's community action agencies are high-impact, and people throughout the state are thriving.
This information is meant to be a general summary of Virginia Community Action Partnership 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: $24,958
- Program Service Revenue: $487,727
- Gross Receipts: $1,076,146
Assets and Liabilities:
- Total Assets: $1,298,929
- Total Liabilities: $63,548
- Net Assets: $1,235,381
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TAX CREDIT INCOME
Revenue
$238,725
TRAINING REVENUE
Revenue
$200,000
LEGISLATIVE SERVICES
Revenue
$49,002
Organization Details
Founding Year
1968
Phone
(804) 644-0417Principal Officer
Erik Johnston
Main Address
8921 THREE CHOPT ROAD SUITE 303, RICHMOND, VA, 23229
Website
www.vacap.orgNTEE Category
Code: P120 - Human services
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