Overview
What is The Community Foundation Of The Dan River Region?
The Community Foundation of the Dan River Region is a charitable organization based in Danville, Virginia (VA 24541). Its mission is to enhance and enrich the community by encouraging and facilitating donations, managing and investing these funds in alignment with donors' wishes to meet community needs, and ensuring these donations foster sustainable growth and opportunities throughout the region. While primarily serving Danville/Pittsylvania County, Virginia, and Caswell County, North Carolina, the foundation also accepts donations for South Boston/Halifax County, with consideration given to neighboring counties. With a staff of four individuals, the Community Foundation of the Dan River Region aims to improve the lives of the region's residents by addressing their needs and honoring the wishes of its donors, thereby creating a lasting legacy of growth and opportunity.
Official website here: www.cfdrr.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
The Community Foundation of the Dan River Region holds an impressive Four-Star rating from Charity Navigator, reflecting its top-tier performance in accountability and finance. The perfect score showcases the organization's commitment to transparency and responsible financial management, which is crucial for donor confidence and community trust.
Strengths highlighted include a fully independent board, rigorous financial oversight, and a robust set of governance policies. With 90.4% of its expenses dedicated to programs and an outstanding fundraising efficiency, the foundation demonstrates a strong operational model that prioritizes effective use of resources to benefit the community.
While the rating underscores the organization's excellence, it remains essential for potential donors and stakeholders to understand that ongoing engagement and monitoring of its activities will ensure the foundation continues to meet high standards of accountability. Overall, this rating positions the Community Foundation as a trustworthy and effective nonprofit in the Dan River region.
This AI summary has been generated from information found on Charity Navigator.
Is The Community Foundation Of The Dan River Region legitimate?
The Community Foundation Of The Dan River Region is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Community Foundation Of The Dan River Region 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: $81,470
Professional Fundraising Fees: $0
Other Salaries and Wages: $101,400
For more financial information, click here
Official website here: www.cfdrr.org
What is the mission statement of The Community Foundation Of The Dan River Region?
The Community Foundation of the Dan River Region has a mission to enhance and enrich the community through the generosity of donors. They achieve this by encouraging and facilitating donations, managing and investing these contributions in line with donors' wishes while addressing community needs, and ensuring that these donations leave a lasting legacy of growth and opportunities throughout the region. In essence, the foundation aims to improve the lives of the community's residents by effectively utilizing donated funds.
Official website here: www.cfdrr.org
Who is the CEO of The Community Foundation Of The Dan River Region?
Mrs Katherine W Milam is the Principal Officer of The Community Foundation Of The Dan River Region.
Official website here: www.cfdrr.org
What is the revenue of The Community Foundation Of The Dan River Region?
The Community Foundation Of The Dan River Region's revenue in 2023 was $2,796,969.
Official website here: www.cfdrr.org
Who are the executives of The Community Foundation Of The Dan River Region and what are their salaries?
The average compensation at The Community Foundation Of The Dan River Region during 2023 was $45,718. There are 4 employees at The Community Foundation Of The Dan River Region.
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Official website here: www.cfdrr.org
Where can I find the form 990 for The Community Foundation Of The Dan River Region?
The Community Foundation Of The Dan River Region's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.cfdrr.org
Learn more at the official website: www.cfdrr.org
Mission Statement of The Community Foundation Of The Dan River Region
The Community Foundation of the Dan River Region is an organization dedicated to enhancing and enriching the community. Their mission is achieved through encouraging and facilitating donations, managing and investing these contributions according to donors' wishes, and distributing them in a manner that addresses community needs. By doing so, the foundation aims to establish a lasting legacy of growth and opportunity across the region, ultimately improving and enriching the lives of its residents.
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Impact
July, 2024
The Community Foundation of the Dan River Region plays a crucial role in enhancing the lives of residents in the region through philanthropic efforts. By encouraging and facilitating donations, managing, investing, and distributing these contributions in alignment with donors' wishes, and addressing community needs effectively, the foundation creates a lasting legacy of growth and opportunity. Their focus on improving the quality of life in Danville/Pittsylvania County, Virginia, Caswell County, North Carolina, and potentially other neighboring counties showcases a commitment to making a meaningful impact and fostering positive change in the community.
This information is meant to be a general summary of The Community Foundation Of The Dan River Region. 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: $1,157,779
- Program Service Revenue: $16,488
- Gross Receipts: $2,865,210
Assets and Liabilities:
- Total Assets: $49,707,408
- Total Liabilities: $588,087
- Net Assets: $49,119,321
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINISTRATIVE FEE INC
Revenue
$16,488
Organization Details
Founding Year
1996
Phone
(434) 793-0884Principal Officer
Mrs Katherine W Milam
Main Address
541 LOYAL STREET, DANVILLE, VA, 24541
Website
www.cfdrr.orgNTEE Category
Code: T310 - Philanthropy
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