Overview
What is Alleghany Community Services Board Foundation?
Alleghany Community Services Board Foundation is a nonprofit organization located at 205 E Hawthorne St, Covington, VA 24426. Their primary mission is to support the Alleghany Highlands Community Services Board, a governmental unit. To achieve this, they purchase real estate and vehicles, which are then leased back to the Community Services Board for their operational needs. This mutual arrangement allows the nonprofit to contribute to the community's well-being by providing essential resources to the Community Services Board, ultimately benefiting the local residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
The Alleghany Community Services Board Foundation has received an 80% rating from Charity Navigator, indicating a solid level of accountability and financial health. This rating is based entirely on their performance in the Accountability & Finance beacon, where they demonstrated exemplary practices across several metrics, including maintaining a 100% independent board and having no material diversion of assets.
Strengths of the organization include a fully independent board composed of nine members and a high program expense ratio of 100%, suggesting that all funds are directed towards their programs. Their conflict of interest policy is documented, and they effectively maintain transparency by documenting board meeting minutes. Furthermore, the organization showcases a robust financial standing with a liabilities to assets ratio of 0.00%, indicating no debt.
While the foundation's overall score reflects strong fiscal responsibility, it is important to note that the rating is based on a single beacon score. This means that it does not account for other factors such as programmatic effectiveness or impact, which are not evaluated in this rating. Overall, while the foundation shows strong financial health, potential donors may want to look at other aspects of the organization before making a contribution.
This AI summary has been generated from information found on Charity Navigator.
Is Alleghany Community Services Board Foundation legitimate?
Alleghany Community Services Board Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alleghany Community Services Board 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Alleghany Community Services Board Foundation?
The Alleghany Community Services Board Foundation's primary role is to support the Alleghany Highlands Community Services Board. In line with this mission, the foundation engages in activities such as purchasing real estate and vehicles, which are then leased to the Community Services Board for use by the relevant governmental unit. This support aims to enhance the operations and services provided by the Community Services Board, without specifying the nature of these services. The foundation does not disclose its objectives beyond providing assistance to the Community Services Board.
What is the revenue of Alleghany Community Services Board Foundation?
Alleghany Community Services Board Foundation's revenue in 2024 was $1,262,982.
Who are the executives of Alleghany Community Services Board Foundation and what are their salaries?
There 9 volunteers at Alleghany Community Services Board Foundation.
Here are 9 key members and their salaries:
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Where can I find the form 990 for Alleghany Community Services Board Foundation?
Alleghany Community Services Board Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Alleghany Community Services Board Foundation
Alleghany Community Services Board Foundation, as a supportive entity, is dedicated to aiding Alleghany Highlands Community Services Board. Its mission is centered around providing the necessary resources for this board, such as purchasing real estate and vehicles. These assets are then leased back to Alleghany Highlands Community Services Board, enabling the governmental unit to utilize them effectively for their operations. By providing this support, Alleghany Community Services Board Foundation contributes to the broader community's well-being, ensuring that Alleghany Highlands Community Services Board has the necessary infrastructure to carry out its mission effectively.
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Impact
October, 2024
Alleghany Community Services Board Foundation significantly strengthens the Alleghany Highlands community by providing essential support to the Alleghany Highlands Community Services Board. By facilitating the purchase of real estate and vehicles, the Foundation enhances operational capabilities that allow the community services board to effectively meet the needs of local residents. This support ensures that vital human services are accessible, fostering a healthier and more resilient community in Covington, VA, and surrounding areas. The Foundation’s efforts directly contribute to the stability and growth of essential services, making a profound impact on the well-being of individuals and families in the region.
This information is meant to be a general summary of Alleghany Community Services Board 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 2024.
- Investment Income: $12,678
- Gross Receipts: $1,262,982
Assets and Liabilities:
- Total Assets: $1,607,660
- Total Liabilities: $0
- Net Assets: $1,607,660
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Organization Details
Founding Year
1993
Principal Officer
Ingrid Barber
NTEE Category
Code: P20 - Human services
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