Overview
What is Library Of Virginia Foundation?
The Library of Virginia Foundation serves as a key supporter for the Library of Virginia, aiding in its mission to safeguard a diverse array of books, maps, documents, and artifacts. This nonprofit organization allocates funds to bolster the state library and sponsors public events, exhibitions, and programs to foster cultural understanding. By extending its reach beyond financial assistance, the Library of Virginia Foundation plays an integral role in promoting cultural awareness within the community.
Official website here: www.lva.virginia.gov/involved/about.asp
What are the reviews and ratings of this charity?
Charity Navigator Rating: 78% (Three-Star out of Four Star Rating)
The Library Of Virginia Foundation has received a commendable Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. With an overall score of 78%, the foundation demonstrates a balanced approach to its operations, indicating that it effectively manages its financial resources while remaining accountable to its stakeholders.
The foundation's strengths lie in its exceptional Leadership & Adaptability score of 100, highlighting its ability to respond to changing environments and effectively lead its initiatives. Additionally, it has a strong score of 81 in Culture & Community, suggesting that the organization fosters a positive internal culture and engages well with the community it serves.
However, the Accountability & Finance score of 75 indicates there may be areas for improvement in financial transparency or management practices. Despite this, the foundation is actively working on implementing five Equity Practices, which signifies a commitment to inclusivity and social responsibility in its operations.
This AI summary has been generated from information found on Charity Navigator.
Is Library Of Virginia Foundation legitimate?
Library Of Virginia Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Library Of Virginia Foundation 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: $116,488
Professional Fundraising Fees: $0
Other Salaries and Wages: $294,015
For more financial information, click here
Official website here: www.lva.virginia.gov/involved/about.asp
What is the mission statement of Library Of Virginia Foundation?
The Library of Virginia Foundation serves to uphold the mission of the Library of Virginia, which involves acquiring, preserving, and maintaining various historical artifacts such as books, maps, documents, and other relevant materials. To achieve this, the foundation makes necessary expenditures to aid the state library. Furthermore, the Library of Virginia Foundation organizes public programs, exhibits, and events as a means to foster cultural awareness and understanding.
Official website here: www.lva.virginia.gov/involved/about.asp
Who is the CEO of Library Of Virginia Foundation?
Scott Dodson is the President of Library Of Virginia Foundation.
Official website here: www.lva.virginia.gov/involved/about.asp
What is the revenue of Library Of Virginia Foundation?
Library Of Virginia Foundation's revenue in 2023 was $1,300,237.
Official website here: www.lva.virginia.gov/involved/about.asp
Who are the executives of Library Of Virginia Foundation and what are their salaries?
The average compensation at Library Of Virginia Foundation during 2023 was $41,050. There are 10 employees at Library Of Virginia Foundation.
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- Compensation: $116,488
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- Other: $5,824
Official website here: www.lva.virginia.gov/involved/about.asp
Where can I find the form 990 for Library Of Virginia Foundation?
Library Of Virginia Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.lva.virginia.gov/involved/about.asp
Learn more at the official website: www.lva.virginia.gov/involved/about.asp
Mission Statement of Library Of Virginia Foundation
The Library of Virginia Foundation plays a vital role in supporting the Library of Virginia, a state-level institution dedicated to acquiring, preserving, and maintaining a wealth of historical artifacts such as books, maps, documents, and other relevant materials. This nonprofit organization channels its resources to aid the state library in its mission, ensuring its continued success. Beyond financial assistance, the Library of Virginia Foundation also engages in public programs, exhibits, and events to foster cultural awareness. These initiatives serve to promote understanding and appreciation of the state's rich heritage, furthering the Library of Virginia's mission to enrich the lives of its community.
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Impact
July, 2024
The Library of Virginia Foundation's impact is evident in its support for the Library of Virginia's mission to acquire, preserve, and maintain collections of books, maps, documents, and other artifacts. Through its expenditures and assistance to the state library, the foundation plays a crucial role in ensuring the preservation of valuable historical and cultural resources for future generations. Additionally, by hosting public programs, exhibits, and events, the foundation actively promotes cultural awareness and education within the community.
This information is meant to be a general summary of Library Of Virginia Foundation. 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: $248,124
- Gross Receipts: $4,219,066
Assets and Liabilities:
- Total Assets: $5,893,280
- Total Liabilities: $123,616
- Net Assets: $5,769,664
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Organization Details
Founding Year
1984
Phone
(804) 692-3590Principal Officer
Scott Dodson
Main Address
800 EAST BROAD STREET, RICHMOND, VA, 23219
NTEE Category
Code: B12 - Education
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