Overview
What is Community Foundation Of The Rappahannock River Region Inc?
The Community Foundation of the Rappahannock River Region Inc, based in Fredericksburg, Virginia, is a dedicated nonprofit organization with a vision to improve and sustain their local communities. With a team of seven employees, they advocate for the vitality and well-being of the Rappahannock River Region. Their primary tool for making a difference is the Community Fund, which is directed by the Foundation's Board of Governors and can be re-targeted each year to address the most promising opportunities for impact. The organization is deeply committed to the region, recognizing the real challenges it faces, and believing in the value and potential of their area. Their mission continues beyond this description, as outlined in Schedule O.
Official website here: www.cfrrr.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 98% (Four-Star out of Four Star rating)
The Community Foundation of the Rappahannock River Region Inc has achieved a remarkable Four-Star rating from Charity Navigator, reflecting its high level of accountability and financial health. With an overall score of 98%, the organization showcases exemplary practices, particularly in accountability, where it scored a perfect 100%. The foundation demonstrates strong governance through a fully independent board, effective financial oversight, and a commitment to transparency.
Strengths noted in user feedback include a robust program expense ratio of 90.40% and a minimal fundraising efficiency ratio, indicating that a significant portion of donations directly supports its programs. The organization has also been recognized for its commitment to collecting and utilizing constituent feedback effectively, achieving a perfect score in this area.
However, there are some areas for improvement, particularly regarding its equity strategies, which scored 75 out of 100. While the foundation has a solid structure in place, its reporting on equity policies and processes shows room for development, with only 2 out of 7 practices reported. Overall, the Community Foundation of the Rappahannock River Region Inc stands out as a well-managed and community-focused organization.
This AI summary has been generated from information found on Charity Navigator.
Is Community Foundation Of The Rappahannock River Region Inc legitimate?
Community Foundation Of The Rappahannock River Region Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Foundation Of The Rappahannock River Region 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: $142,300
Professional Fundraising Fees: $0
Other Salaries and Wages: $265,229
For more financial information, click here
Official website here: www.cfrrr.org
What is the mission statement of Community Foundation Of The Rappahannock River Region Inc?
The Community Foundation of the Rappahannock River Region is dedicated to advocating for the vitality and well-being of communities. As passionate residents, the foundation recognizes the significant impact strong, sustainable non-profit organizations have on the communities they serve. Aware of the challenges facing local communities, the foundation believes in the value and potential of the area. Through the Community Fund, they provide a means to offer assistance, with the fund's direction guided by the foundation's board of governors, allowing it to be re-targeted annually to the most promising opportunities for impact.
Official website here: www.cfrrr.org
Who is the CEO of Community Foundation Of The Rappahannock River Region Inc?
Teri Mcnally is the President of Community Foundation Of The Rappahannock River Region Inc.
Official website here: www.cfrrr.org
What is the revenue of Community Foundation Of The Rappahannock River Region Inc?
Community Foundation Of The Rappahannock River Region Inc's revenue in 2022 was $12,420,135.
Official website here: www.cfrrr.org
Who are the executives of Community Foundation Of The Rappahannock River Region Inc and what are their salaries?
The average compensation at Community Foundation Of The Rappahannock River Region Inc during 2022 was $58,218. There are 7 employees and 69 volunteers at Community Foundation Of The Rappahannock River Region Inc.
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Official website here: www.cfrrr.org
Where can I find the form 990 for Community Foundation Of The Rappahannock River Region Inc?
Community Foundation Of The Rappahannock River Region Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cfrrr.org
Learn more at the official website: www.cfrrr.org
Mission Statement of Community Foundation Of The Rappahannock River Region Inc
The Community Foundation of the Rappahannock River Region is a dedicated advocate for the vitality and well-being of the Rappahannock River Region. This nonprofit organization is composed of community members who share a deep love and commitment to their area. They firmly believe that strong, sustainable nonprofit organizations hold the key to improving the communities they serve. The region faces numerous challenges, and the Community Foundation recognizes the complexity of the solutions required. With a board of governors at its helm, the Community Foundation has established the Community Fund, a powerful tool for offering assistance. This fund is designed to be re-targeted each year in response to the most promising opportunities for impact. The Community Foundation of the Rappahannock River Region is dedicated to making a difference in the lives of their community members. Through their advocacy and support, they strive to create long-lasting solutions and foster a thriving and vibrant region.
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Impact
October, 2024
The Community Foundation of the Rappahannock River Region Inc plays a crucial role in enhancing the vitality and well-being of the local communities it serves. With a deep commitment to the region, it actively addresses the challenges faced by residents and organizations in the Rappahannock River area.
By providing financial resources and support, the foundation empowers local organizations that contribute to community welfare and sustainable development. Its approach is flexible, allowing the Community Fund to be strategically directed each year towards the most promising opportunities for impactful interventions. This adaptability ensures that the foundation can effectively respond to the evolving needs of the community.
The foundation fosters a shared vision among local residents, highlighting the belief in the potential of the region to thrive. Through advocacy and philanthropic efforts, it strengthens the bonds within the community, promoting initiatives that enhance quality of life and address pressing issues. Overall, its impact resonates throughout the Rappahannock River Region, creating a ripple effect of positive change.
This information is meant to be a general summary of Community Foundation Of The Rappahannock River Region 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 2022.
- Investment Income: $3,504,851
- Gross Receipts: $26,119,489
Assets and Liabilities:
- Total Assets: $45,588,387
- Total Liabilities: $1,119,933
- Net Assets: $44,468,454
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Organization Details
Founding Year
1997
Phone
(540) 373-9292Principal Officer
Teri Mcnally
Main Address
PO BOX 208, FREDERICKSBURG, VA, 22401
Website
www.cfrrr.orgNTEE Category
Code: T31 - Philanthropy
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