Overview
What is Community Foundation Of The Virginias Inc?
Community Foundation of the Virginias Inc is a nonprofit organization situated in Bluefield, West Virginia. With a staff of three dedicated individuals, this organization is committed to enhancing education, health, beautification, youth, and recreation in the broader Southern West Virginia and Southwest Virginia regions. Their primary mission is to foster philanthropy, catering to donors' interests while effectively addressing the community's needs and opportunities. By promoting charitable giving and responding to community requirements, the Community Foundation of the Virginias Inc contributes to the betterment of its local area.
Official website here: www.cfvinc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95%, Four-Star out of Four Star rating
The Community Foundation of the Virginias Inc has achieved an impressive 95% rating from Charity Navigator, indicating a strong performance in both accountability and impact measurement. The charity's high score reflects a robust accountability and finance score of 88, alongside a perfect impact and measurement score of 100. This suggests that the organization effectively utilizes its resources and demonstrates significant measurable outcomes for its programs.
One notable strength is the charity's program expense ratio of 80.59%, which indicates a substantial portion of its expenditures directly support its mission. The organization also boasts a fully independent board, with 100% of its members meeting the independence criteria, enhancing its governance structure. However, while the foundation has solid policies in place regarding financial transparency and conflict of interest, it is lacking in areas such as a whistleblower policy and document retention policies, which are essential for comprehensive governance practices.
In terms of impact, the organization demonstrates a significant benefit to its scholarship recipients, with a reported increase in income of $6,778 per $4,503 awarded. This highlights the effective use of funds in creating tangible benefits for the community. Overall, while the Community Foundation of the Virginias Inc shows strong performance in many areas, attention to the noted governance gaps could further bolster its effectiveness and credibility.
This AI summary has been generated from information found on Charity Navigator.
Is Community Foundation Of The Virginias Inc legitimate?
Community Foundation Of The Virginias Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Foundation Of The Virginias 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: $20,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.cfvinc.org
What is the mission statement of Community Foundation Of The Virginias Inc?
The Community Foundation of the Virginias Inc. is committed to promoting philanthropy by fostering charitable giving, serving the interests of its donors, and responding effectively to the needs and opportunities within their communities. Their mission extends to promoting education, health, beautification, youth, and recreation in the greater Southern West Virginia and Southwest Virginia areas. By doing so, they aim to contribute positively to the well-being and development of these communities.
Official website here: www.cfvinc.org
What is the revenue of Community Foundation Of The Virginias Inc?
Community Foundation Of The Virginias Inc's revenue in 2023 was $867,621.
Official website here: www.cfvinc.org
Who are the executives of Community Foundation Of The Virginias Inc and what are their salaries?
The average compensation at Community Foundation Of The Virginias Inc during 2023 was $10,000. There are 2 employees and 2 volunteers at Community Foundation Of The Virginias Inc.
Here are 23 key members and their salaries:
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Official website here: www.cfvinc.org
Where can I find the form 990 for Community Foundation Of The Virginias Inc?
Community Foundation Of The Virginias Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.cfvinc.org
Learn more at the official website: www.cfvinc.org
Mission Statement of Community Foundation Of The Virginias Inc
The Community Foundation of the Virginias Inc is dedicated to promoting philanthropy and charitable giving within its community. Its primary objective is to serve the interests of its donors while effectively responding to the needs and opportunities present in the greater Southern West Virginia and Southwest Virginia areas. This nonprofit organization has a mission to foster education, health, beautification, youth, and recreation within these regions. By doing so, the Community Foundation of the Virginias Inc aims to contribute positively to the overall well-being and development of its community.
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Impact
July, 2024
Community Foundation Of The Virginias Inc's impact is evident in its dedicated efforts to promote philanthropy, foster charitable giving, and respond effectively to the needs and opportunities in the greater Southern West Virginia and South West Virginia areas. By focusing on promoting education, health, beautification, youth, and recreation in these regions, the foundation plays a crucial role in enhancing the overall well-being and quality of life for the communities it serves. Through its mission-driven initiatives, Community Foundation Of The Virginias Inc actively contributes to the betterment of the region and supports various causes that are essential for community development and advancement.
This information is meant to be a general summary of Community Foundation Of The Virginias 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 2023.
- Investment Income: $327,126
- Gross Receipts: $2,890,833
Assets and Liabilities:
- Total Assets: $13,049,544
- Total Liabilities: $1,395
- Net Assets: $13,048,149
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Organization Details
Founding Year
1993
Principal Officer
James Shott
Website
www.cfvinc.orgNTEE Category
Code: T31 - Philanthropy
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