Overview
What is Dairy Foundation Of Va?
The Dairy Foundation of Va is a nonprofit organization, headquartered in Bridgewater, Virginia. Their primary mission is to support the Virginia Polytechnic Institute and State University by providing scholarship funding and awards. Their aim is to promote the sustainability of the dairy cattle industry by investing in deserving students and organizations affiliated with the university. They accomplish this by offering scholarship grants, contributing to the overall growth and development of the dairy sector in the region.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%, Three-Star out of Four Star rating.
The Dairy Foundation of Virginia has received an 80% rating from Charity Navigator, indicating a solid performance in terms of accountability and finance. The rating highlights the charity's strengths, including a fully independent board and a strong financial health indicator, with a low liabilities to assets ratio of 9.23%. The program expense ratio also reflects a commendable allocation of resources towards its mission, at 79.56%.
However, there are notable areas for improvement. The foundation is missing crucial policies, specifically a whistleblower policy and a document retention and destruction policy, which resulted in zero points in these categories. This lack of policies could impact the organization’s overall governance and transparency.
Overall, while the Dairy Foundation of Virginia demonstrates strong financial management and governance through its independent board and sound financial ratios, addressing the missing policies could enhance its accountability and operational integrity even further.
This AI summary has been generated from information found on Charity Navigator.
Is Dairy Foundation Of Va legitimate?
Dairy Foundation Of Va is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dairy Foundation Of Va 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 Dairy Foundation Of Va?
The Dairy Foundation of Va's mission is centered around promoting the sustainability of the dairy cattle industry. They achieve this by providing scholarship grants and other forms of support to deserving students and organizations affiliated with Virginia Polytechnic Institute and State University. The foundation's primary activity involves offering financial aid and resources to this esteemed educational institution. This support is instrumental in fostering the growth and success of the dairy industry and its associated fields of study.
What is the revenue of Dairy Foundation Of Va?
Dairy Foundation Of Va's revenue in 2023 was $57,445.
Who are the executives of Dairy Foundation Of Va and what are their salaries?
Here are 6 key members and their salaries:
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- Related: $78,750
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Where can I find the form 990 for Dairy Foundation Of Va?
Dairy Foundation Of Va's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Dairy Foundation Of Va
The Dairy Foundation of Va, as a nonprofit organization, is committed to supporting the sustainability of the dairy cattle industry. They achieve this mission by providing scholarship grants and other forms of assistance to students and organizations affiliated with Virginia Polytechnic Institute and State University. This financial aid is a crucial part of their efforts to foster the growth and development of individuals and organizations within the dairy sector. By offering these scholarships and resources, the Dairy Foundation of Va aims to contribute to the overall success and future of the dairy industry in a meaningful way.
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Impact
August, 2024
The Dairy Foundation of Va's impact is significant in promoting the sustainability of the dairy cattle industry by providing scholarship and other support to deserving students and organizations affiliated with Virginia Polytechnic Institute and State University. Through scholarship funding, awards, and other forms of support, the foundation contributes to the education and development of individuals within the industry. This support helps advance knowledge and practices within the dairy sector, ultimately contributing to its long-term viability and success.
This information is meant to be a general summary of Dairy Foundation Of Va. 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: $12,698
- Gross Receipts: $304,959
Assets and Liabilities:
- Total Assets: $481,931
- Total Liabilities: $47,670
- Net Assets: $434,261
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Organization Details
Founding Year
1960
Principal Officer
Eric Paulson
NTEE Category
Code: B82 - Education
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