Overview
What is Vada Charitable Foundation Inc?
Vada Charitable Foundation Inc is a nonprofit organization based in Richmond, Virginia. Established with a mission to provide scholarships and engage in educational, safety, and research activities related to motor vehicles, the foundation focuses on the automobile industry. Their efforts encompass various aspects, such as ensuring road safety and conducting research to advance knowledge in this sector. The foundation is dedicated to contributing positively to the community by supporting educational opportunities and promoting safety awareness in the realm of motor vehicles.
Official website here: www.vada.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
The Vada Charitable Foundation Inc has achieved an impressive 97% rating from Charity Navigator, which indicates a strong commitment to accountability and financial health. The foundation's score is derived entirely from its accountability and finance beacon, showcasing its dedication to transparency and responsible financial management.
The foundation demonstrates exceptional governance practices, with a fully independent board of directors consisting of eight members, and no material diversion of assets reported. Its policies regarding conflicts of interest, whistleblowing, and document retention are well-established, contributing to a robust operational framework. Additionally, the organization's program expenses are highly focused, with 88.01% of its budget allocated to direct program activities, reflecting its mission-driven approach.
However, while the rating highlights significant strengths, there are no detailed user feedback or community comments available to provide additional context about the foundation’s impact or areas for improvement. Overall, Vada Charitable Foundation Inc stands out as a financially sound organization with a high level of accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Vada Charitable Foundation Inc legitimate?
Vada Charitable Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vada Charitable 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $42,000
For more financial information, click here
Official website here: www.vada.com
What is the mission statement of Vada Charitable Foundation Inc?
The Vada Charitable Foundation Inc. was established with the primary purpose of providing scholarships and engaging in educational, safety, and research activities. The foundation focuses its efforts on these areas as they pertain to the automobile industry. Their mission involves providing financial aid to deserving individuals and contributing to the advancement of knowledge and safety measures related to motor vehicles in society.
Official website here: www.vada.com
Who is the CEO of Vada Charitable Foundation Inc?
Donald L Hall is the Vice Chair of Vada Charitable Foundation Inc.
Official website here: www.vada.com
What is the revenue of Vada Charitable Foundation Inc?
Vada Charitable Foundation Inc's revenue in 2022 was $65,697.
Official website here: www.vada.com
Who are the executives of Vada Charitable Foundation Inc and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $783,931
- Other: $125,957
Official website here: www.vada.com
Where can I find the form 990 for Vada Charitable Foundation Inc?
Vada Charitable Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.vada.com
Learn more at the official website: www.vada.com
Mission Statement of Vada Charitable Foundation Inc
Vada Charitable Foundation Inc, a nonprofit organization, was established with a dual purpose. Its primary mission is to provide scholarships to individuals in need. Beyond scholarships, the foundation also engages in educational, safety, and research activities, with a specific focus on the automobile industry. The organization aims to contribute to the understanding and enhancement of motor vehicles' role in society, through educational initiatives and research projects. By offering scholarships and promoting knowledge in the automobile sector, Vada Charitable Foundation Inc seeks to empower individuals and contribute to the advancement of this industry.
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Impact
August, 2024
Vada Charitable Foundation Inc's impact lies in providing scholarships and conducting educational, safety, and research activities related to the automobile industry. Their mission focuses on promoting education and advancing knowledge around motor vehicles in society. Through their initiatives, they contribute to enhancing safety practices, fostering research, and supporting individuals pursuing education within the automotive sector. Their commitment to these areas underscores their dedication to making a meaningful difference in the field of automotive education and safety.
This information is meant to be a general summary of Vada Charitable 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: $9,057
- Gross Receipts: $127,465
Assets and Liabilities:
- Total Assets: $622,899
- Total Liabilities: $3,500
- Net Assets: $619,399
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Organization Details
Founding Year
2004
Phone
(804) 545-3019Principal Officer
Donald L Hall
Main Address
1800 WEST GRACE STREET, RICHMOND, VA, 23220
Website
www.vada.comNTEE Category
Code: B82 - Education
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