Overview
What is Virginia Literacy Foundation?
The Virginia Literacy Foundation, based in Richmond, Virginia, is a nonprofit organization dedicated to promoting literacy among the state's residents. They achieve this by supporting public literacy programs, strengthening private sector literacy initiatives, and fostering statewide literacy awareness. The foundation's mission is to grant aid and contribute to initiatives that align with its goal of enhancing literacy in Virginia. By doing so, they aim to improve overall literacy levels, ultimately benefiting the community as a whole.
Official website here: www.virginialiteracy.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%, Four-Star out of Four Star rating
The Virginia Literacy Foundation has received a commendable rating of 92%, reflecting its strong performance in accountability and finance. With a perfect score of 100% for having a majority of independent board members, the organization demonstrates a commitment to good governance. Additionally, its program expense ratio of nearly 82% indicates that a significant portion of its resources is allocated directly to its literacy programs.
The foundation excels in various financial oversight metrics, including an excellent Liabilities to Assets Ratio of 15.37% and a fully accountable audit and oversight committee. The presence of conflict of interest and document retention policies further reinforces its commitment to transparency. However, it is important to note that the organization has not established a whistleblower policy, which is a limitation in its governance framework.
Overall, the Virginia Literacy Foundation stands out for its effective management and strong financial health, making it a trustworthy option for donors who seek to support literacy initiatives. The organization's commitment to transparency and accountability positions it as a leader in the nonprofit sector focused on literacy.
This AI summary has been generated from information found on Charity Navigator.
Is Virginia Literacy Foundation legitimate?
Virginia Literacy Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Virginia Literacy 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: $99,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $118,817
For more financial information, click here
Official website here: www.virginialiteracy.org
What is the mission statement of Virginia Literacy Foundation?
The Virginia Literacy Foundation's mission is centered around promoting literacy among the state's residents. They achieve this by supporting public literacy programs, enhancing private sector literacy initiatives, and encouraging statewide literacy awareness. The foundation also provides grants and aid to further their goal of improving literacy levels. Their purpose is to make a significant impact on literacy in Virginia, reaching out to various sectors and fostering a broader awareness of the importance of literacy.
Official website here: www.virginialiteracy.org
Who is the CEO of Virginia Literacy Foundation?
Mark Emblidge is the Chairperson of Virginia Literacy Foundation.
Official website here: www.virginialiteracy.org
What is the revenue of Virginia Literacy Foundation?
Virginia Literacy Foundation's revenue in 2022 was $577,726.
Official website here: www.virginialiteracy.org
Who are the executives of Virginia Literacy Foundation and what are their salaries?
Here are 15 key members and their salaries:
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Official website here: www.virginialiteracy.org
Where can I find the form 990 for Virginia Literacy Foundation?
Virginia Literacy Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.virginialiteracy.org
Learn more at the official website: www.virginialiteracy.org
Mission Statement of Virginia Literacy Foundation
Virginia Literacy Foundation, a dedicated organization, is committed to fostering literacy among Virginia's residents. Their mission is twofold. Firstly, they support public literacy programs, aiming to make literacy accessible to a wide range of individuals within the state. Secondly, they enhance private sector literacy initiatives, encouraging businesses to contribute to literacy initiatives. Furthermore, Virginia Literacy Foundation strives to cultivate statewide literacy awareness, ensuring that literacy remains a significant focus in Virginia's communities. To achieve these goals, the foundation provides grants and aids to support these initiatives.
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Impact
July, 2024
Virginia Literacy Foundation promotes literacy among Virginia residents by supporting public literacy programs, enhancing private sector literacy initiatives, and encouraging statewide literacy awareness. Their impact includes improving access to literacy resources, providing necessary support for literacy programs, and raising awareness about the importance of literacy in the community. Through their efforts, they contribute to empowering individuals with essential literacy skills, fostering a more literate and knowledgeable society in Virginia.
This information is meant to be a general summary of Virginia Literacy 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 2022.
- Investment Income: $227
- Gross Receipts: $577,726
Assets and Liabilities:
- Total Assets: $674,835
- Total Liabilities: $9,740
- Net Assets: $665,095
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Organization Details
Founding Year
1986
Phone
(804) 237-8909Principal Officer
Mark Emblidge
Main Address
413 STUART CIRCLE 303, RICHMOND, VA, 23220
Website
www.virginialiteracy.orgNTEE Category
Code: B92J - Education
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