Overview
What is Greater Lynchburg Community Foundation?
The Greater Lynchburg Community Foundation is a charitable organization, established with a mission to enhance the quality of life in the Lynchburg city and surrounding counties of Amherst, Appomattox, Bedford, and Campbell. They achieve this goal by establishing permanent endowments and distributing the income annually to local charitable organizations. The foundation operates as a grant-making entity, utilizing funds from donor-advised, designated, field of interest, scholarship, and unrestricted endowments. Their primary function involves distributing contributed funds to eligible 501(c)(3) non-profit organizations, ensuring that the donations positively impact the communities they serve. The organization's operations are based at 1100 Commerce Street, Lynchburg, VA, 24504. With a limited workforce of five individuals, the Greater Lynchburg Community Foundation plays a vital role in supporting local charities and fostering community development.
Official website here: www.lynchburgfoundation.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 100%, Four-Star out of Four Star Rating
The Greater Lynchburg Community Foundation has achieved a remarkable Four-Star rating from Charity Navigator, reflecting its exceptional performance in Accountability and Finance. With a perfect score in this area, the foundation demonstrates strong governance practices, including a fully independent board and comprehensive financial oversight measures. This rating indicates a high level of transparency and responsible management of funds.
Strengths of the organization include its robust financial health, evidenced by a low liabilities-to-assets ratio and a high program expense ratio, which suggests that a significant portion of its funds is allocated directly to its programs. Additionally, its fundraising efficiency is commendable, with minimal costs incurred for each dollar raised. The foundation's commitment to ethical practices is further highlighted by the presence of essential policies such as conflict of interest and whistleblower protections.
While the data does not mention specific programs or community impact, the foundation's strong financial indicators and governance suggest it operates effectively within its mission. Overall, the Greater Lynchburg Community Foundation exemplifies a responsible and transparent nonprofit organization, making it a trustworthy choice for donors and community members alike.
This AI summary has been generated from information found on Charity Navigator.
Is Greater Lynchburg Community Foundation legitimate?
Greater Lynchburg Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greater Lynchburg Community Foundation 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: $115,955
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.lynchburgfoundation.org
What is the mission statement of Greater Lynchburg Community Foundation?
The Greater Lynchburg Community Foundation's primary mission is to enhance the quality of life in the served communities by establishing permanent endowments. These endowments, located in the city of Lynchburg and the counties of Amherst, Appomattox, Bedford, and Campbell, distribute annual income to eligible charitable organizations within the community. The foundation makes grants from various types of endowment funds, including donor-advised, designated, field of interest, scholarship, and unrestricted funds. The foundation has the final approval authority over all granted funds.
Official website here: www.lynchburgfoundation.org
Who is the CEO of Greater Lynchburg Community Foundation?
Kathryn Yarzebinski is the Director of Greater Lynchburg Community Foundation. The CEO's salary of Greater Lynchburg Community Foundation is $64,167 and their total compensation is $65,680.
Official website here: www.lynchburgfoundation.org
What is the revenue of Greater Lynchburg Community Foundation?
Greater Lynchburg Community Foundation's revenue in 2023 was $6,007,630.
Official website here: www.lynchburgfoundation.org
Who are the executives of Greater Lynchburg Community Foundation and what are their salaries?
The average compensation at Greater Lynchburg Community Foundation during 2023 was $23,191. There are 5 employees at Greater Lynchburg Community Foundation.
Here are 18 key members and their salaries (Greater Lynchburg Community Foundation's CEO's salary is $64,167 and their total compensation is $65,680):
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- Compensation: $64,167
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- Compensation: $60,825
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- Other: $1,753
- Compensation: $66,910
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- Other: $1,800
Official website here: www.lynchburgfoundation.org
Where can I find the form 990 for Greater Lynchburg Community Foundation?
Greater Lynchburg Community Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.lynchburgfoundation.org
Learn more at the official website: www.lynchburgfoundation.org
Mission Statement of Greater Lynchburg Community Foundation
The Greater Lynchburg Community Foundation, as a philanthropic organization, is dedicated to enhancing the quality of life in various communities. Its principal mission is achieved by establishing permanent endowments, primarily for the cities of Lynchburg and the counties of Amherst, Appomattox, Bedford, and Campbell. Annual income from these endowments is then distributed to eligible charitable organizations within these communities. The foundation exercises final approval over all grants, which are issued from donor-advised, designated, field of interest, scholarship, and unrestricted endowment funds. By supporting these non-profit organizations in this manner, the Greater Lynchburg Community Foundation plays a significant role in contributing to the betterment of lives and communities within its sphere of influence.
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Impact
July, 2024
The impact of the Greater Lynchburg Community Foundation is felt through its distribution of contributed funds to nonprofit organizations. By making grants to 501(c)(3) organizations from various endowment funds, including donor-advised, designated, field of interest, scholarship, and unrestricted funds, the Foundation plays a vital role in supporting charitable causes within the communities it serves. Its mission to enhance the quality of life in Lynchburg and the surrounding counties of Amherst, Appomattox, Bedford, and Campbell is achieved through the establishment of permanent endowments and the annual distribution of income to charitable organizations. Through its philanthropic endeavors, the Greater Lynchburg Community Foundation positively impacts the well-being of the community and supports a wide range of charitable initiatives.
This information is meant to be a general summary of Greater Lynchburg Community Foundation. 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: $2,094,660
- Program Service Revenue: $60,966
- Gross Receipts: $24,526,131
Assets and Liabilities:
- Total Assets: $60,177,320
- Total Liabilities: $8,580,071
- Net Assets: $51,597,249
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OPERATING FEE INCOME
Revenue
$60,966
Organization Details
Founding Year
1972
Phone
(434) 845-6500Principal Officer
Kathryn Yarzebinski
Main Address
1100 COMMERCE STREET, LYNCHBURG, VA, 24504
Website
www.lynchburgfoundation.orgNTEE Category
Code: T31 - Philanthropy
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