Overview
What is Community Foundation Serving Western Virginia?
The Community Foundation Serving Western Virginia is a nonprofit organization located in Roanoke, Virginia. Their mission is to inspire, resource, and lead philanthropy within the communities they serve. They help donors realize their charitable intentions by managing endowment funds and making grants to address current and future community needs and opportunities. The foundation ensures responsible stewardship of the funds they manage and offers comprehensive services to encourage effective philanthropy. With a team of ten employees, they are committed to shaping a healthy, caring community by promoting collaborative efforts.
Official website here: www.cfwesternva.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 93% (Four-Star out of Four Star rating)
The Community Foundation Serving Western Virginia has achieved a commendable Four-Star rating from Charity Navigator, demonstrating strong accountability and financial health. With a perfect score for its majority independent board members and excellent financial oversight, the organization exhibits transparency and ethical governance practices. The lack of material diversion of assets further emphasizes its commitment to responsible management of funds.
The foundation's program expense ratio is solid at 63.31%, indicating a substantial portion of its budget is directed towards its programs. However, it received a slightly lower score in this area, suggesting there may be room for improvement in maximizing program expenditures relative to total expenses. Nonetheless, its fundraising efficiency is notable, with only $0.03 spent to raise each dollar, showcasing effective fundraising strategies.
Overall, the Community Foundation Serving Western Virginia stands out for its strong governance and financial practices. While it demonstrates a healthy balance sheet and exceptional oversight mechanisms, focusing on enhancing program spending could strengthen its impact even further.
This AI summary has been generated from information found on Charity Navigator.
Is Community Foundation Serving Western Virginia legitimate?
Community Foundation Serving Western Virginia is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Foundation Serving Western Virginia 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: $310,443
Professional Fundraising Fees: $0
Other Salaries and Wages: $345,784
For more financial information, click here
Official website here: www.cfwesternva.org
What is the mission statement of Community Foundation Serving Western Virginia?
The Community Foundation Serving Western Virginia plays a vital role in charitable giving by providing leadership, resources, and inspiration for philanthropy in the communities it serves. To accomplish its mission, the organization facilitates donors in carrying out their charitable intentions through endowment funds. It also ensures responsible stewardship of entrusted funds and makes grants for current and future community needs and opportunities. Furthermore, it offers comprehensive services to encourage and advance effective philanthropy, and participates in collaborative efforts to foster a healthy, caring community.
Official website here: www.cfwesternva.org
Who is the CEO of Community Foundation Serving Western Virginia?
Alan E Ronk is the Board Member - Vice Chair of Community Foundation Serving Western Virginia.
Official website here: www.cfwesternva.org
What is the revenue of Community Foundation Serving Western Virginia?
Community Foundation Serving Western Virginia's revenue in 2022 was $12,225,680.
Official website here: www.cfwesternva.org
Who are the executives of Community Foundation Serving Western Virginia and what are their salaries?
The average compensation at Community Foundation Serving Western Virginia during 2022 was $65,623. There are 10 employees and 22 volunteers at Community Foundation Serving Western Virginia.
Here are 22 key members and their salaries:
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- Compensation: $173,250
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- Compensation: $111,825
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- Other: $8,834
Official website here: www.cfwesternva.org
Where can I find the form 990 for Community Foundation Serving Western Virginia?
Community Foundation Serving Western Virginia's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cfwesternva.org
Learn more at the official website: www.cfwesternva.org
Mission Statement of Community Foundation Serving Western Virginia
Community Foundation Serving Western Virginia, a philanthropic organization, leads the way in inspiring, resourcing, and providing leadership for charitable giving in the communities it serves. By enabling donors to actualize their charitable intentions through endowment funds, the foundation offers a means to make a lasting impact. In addition, it takes on the responsible stewardship of entrusted funds, ensuring their wise use for the betterment of the community.
The Community Foundation Serving Western Virginia goes beyond financial support by making creative grants to address both current and future community needs and opportunities. It offers comprehensive services to encourage and advance effective philanthropy, fostering a vibrant culture of giving. The foundation also actively engages in collaborative efforts to shape a healthy, caring community, transcending individual initiatives for a collective impact.
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Impact
October, 2024
Community Foundation Serving Western Virginia has a significant impact by providing leadership, resources, and inspiration for philanthropy in the region. It enables donors to fulfill their charitable intentions through the establishment of endowment funds and ensures responsible stewardship of entrusted funds. By making creative grants, the organization addresses current and future community needs and opportunities, contributing to sustainable development.
Additionally, it offers comprehensive services aimed at encouraging and enhancing effective philanthropic efforts. The Foundation actively promotes and participates in collaborative initiatives that foster a healthy and caring community. Through its grant-making, charitable contributions, and community engagement, it plays a crucial role in driving positive change and supporting the growth and well-being of the communities it serves in Western Virginia.
This information is meant to be a general summary of Community Foundation Serving Western Virginia. 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: $7,957,758
- Program Service Revenue: $1,255,695
- Gross Receipts: $12,225,680
Assets and Liabilities:
- Total Assets: $100,299,802
- Total Liabilities: $3,907,859
- Net Assets: $96,391,943
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINITRATIVE FEE INCOME
Revenue
$1,255,695
Organization Details
Founding Year
1988
Phone
(540) 985-0204Principal Officer
Alan E Ronk
Main Address
PO BOX 1159, ROANOKE, VA, 24006
Website
www.cfwesternva.orgNTEE Category
Code: T31 - Philanthropy
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