Overview
What is Bgv Foundation Inc?
The BGV Foundation Inc is a nonprofit organization that primarily serves to support the Boys & Girls Club of Valdosta, Inc. by managing, investing, and distributing funds directly to this institution. The primary goal is to aid in the enhancement of the club's programs, such as after-school, summer, and educational initiatives. In 2021, the BGV Foundation transferred an amount of $181,143, derived from investment earnings, to the Boys & Girls Club of Valdosta, Inc. to be utilized for these program services. This contribution supports the club's mission to provide a nurturing environment and opportunities for the personal development of local youth.
Is Bgv Foundation Inc legitimate?
Bgv Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bgv Foundation 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:
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Other Salaries and Wages: $0
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What is the mission statement of Bgv Foundation Inc?
The BGV Foundation's primary objective is to support the programs of the Boys & Girls Club of Valdosta, Inc. This is achieved by managing, investing, and distributing funds directly to the club. The foundation's earnings from investment securities, amounting to $181,143, were transferred to the club to be utilized in enhancing their program services. These services primarily focus on after-school programs, summer programs, and educational initiatives. The mission of the BGV Foundation is to contribute to the betterment of these programs, thereby benefiting the children and young individuals associated with the Boys & Girls Club of Valdosta, Inc.
Who is the CEO of Bgv Foundation Inc?
Will Kemp is the CEO of Bgv Foundation Inc The CEO's salary of Bgv Foundation Inc is $0 and their total compensation is $0.
What is the revenue of Bgv Foundation Inc?
Bgv Foundation Inc's revenue in 2022 was $8,970,929.
Who are the executives of Bgv Foundation Inc and what are their salaries?
There 15 volunteers at Bgv Foundation Inc.
Here are 10 key members and their salaries (Bgv Foundation Inc's CEO's salary is $0 and their total compensation is $0):
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Where can I find the form 990 for Bgv Foundation Inc?
Bgv Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Bgv Foundation Inc
The BGV Foundation, as outlined in its mission, is established with the primary objective of supporting the programs of the Boys & Girls Club of Valdosta, Inc. This support is achieved through the management, investment, and dispersion of funds directly to the club. The foundation's purpose is to aid in enhancing the services offered by the Boys & Girls Club, including after-school programs, summer activities, and educational initiatives. The BGV Foundation demonstrates its commitment by transferring funds, such as earnings from investment securities, to the Boys & Girls Club, totaling $181,143, which are earmarked for the enhancement of these program services.
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Impact
October, 2024
BGV Foundation Inc plays a crucial role in supporting youth development in Valdosta, Georgia, by providing significant financial resources to the Boys & Girls Club of Valdosta. With a focus on overseeing and distributing funds, the foundation has transferred $181,143 derived from investment earnings directly to the club. This support underpins a range of essential programs, including after-school initiatives, summer programming, and educational services, which collectively foster a positive environment for local youth. Through its strategic management of funds, the BGV Foundation ensures that the Boys & Girls Club can effectively address the needs of the community's children, empowering them to thrive and develop essential life skills.
This information is meant to be a general summary of Bgv Foundation 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: $124,226
- Gross Receipts: $9,031,924
Assets and Liabilities:
- Total Assets: $7,881,575
- Total Liabilities: $9,601
- Net Assets: $7,871,974
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Organization Details
Founding Year
2002
Principal Officer
Will Kemp
NTEE Category
Code: O11 - Youth development
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