Overview
What is Jefferson Center Foundation Ltd?
Jefferson Center Foundation Ltd is a nonprofit organization located at 541 Luck Ave SW, Roanoke, VA 24016. Its primary mission is to manage the renovation and subsequent rental and maintenance of the Jefferson High School, which is owned by the City of Roanoke. The foundation's goal is to transform the building into an affordable office space for various non-profit and city agencies, as well as a cultural center for the arts and a community center for other organizations to meet. The foundation also raises public funding for the renovation of the building. In addition to its primary mission, the Jefferson Center Foundation Ltd serves as a permanent performance venue for presenting high-quality live music performances and music education programming. The foundation employs 67 individuals.
Official website here: www.jeffcenter.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 96%, Four-Star out of Four Star rating.
The Jefferson Center Foundation Ltd has achieved an impressive Four-Star rating from Charity Navigator, reflecting strong performance in accountability and finance. The charity's overall score is based entirely on its accountability metrics, highlighting its commitment to transparency and effective management of resources. A key strength is its independent board, which consists of 100% independent members, ensuring that there are no conflicts of interest in governance.
Financially, the organization shows a robust program expense ratio of 83.28%, indicating that a significant portion of its expenditures is directed toward its programs and services. Additionally, the foundation maintains solid financial health with a liabilities-to-assets ratio of just 1.01%. The presence of comprehensive policies for conflict of interest, whistleblower protection, and document retention further emphasizes the foundation's dedication to ethical standards and operational integrity.
While the data showcases strengths across various metrics, it is important for potential donors to consider the charity's overall impact and specific programs when making contributions. The strong governance and financial practices suggest that donations are likely used effectively, but further insights into the programs themselves would provide a complete picture of the foundation's contributions to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Jefferson Center Foundation Ltd legitimate?
Jefferson Center Foundation Ltd is a legitimate nonprofit organization registered as a 501(c)(3) entity. Jefferson Center Foundation Ltd 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: $118,750
Professional Fundraising Fees: $0
Other Salaries and Wages: $762,220
For more financial information, click here
Official website here: www.jeffcenter.org
What is the mission statement of Jefferson Center Foundation Ltd?
The Jefferson Center Foundation Ltd was established with the mission to oversee the renovation of the Jefferson High School, a property owned by the City of Roanoke. Once renovated, the foundation aims to lease out affordable office spaces to various non-profit organizations and city agencies, serving the public. Additionally, the refurbished building will serve as a cultural center for the arts and a community hub for various organizations to conduct meetings. The primary objective of the foundation is to raise public funds for the renovation project, thereby contributing to the betterment of the community.
Official website here: www.jeffcenter.org
Who is the CEO of Jefferson Center Foundation Ltd?
Cyrus E Pace is the Executive Direc of Jefferson Center Foundation Ltd.
Official website here: www.jeffcenter.org
What is the revenue of Jefferson Center Foundation Ltd?
Jefferson Center Foundation Ltd's revenue in 2022 was $2,456,793.
Official website here: www.jeffcenter.org
Who are the executives of Jefferson Center Foundation Ltd and what are their salaries?
The average compensation at Jefferson Center Foundation Ltd during 2022 was $13,149. There are 67 employees and 100 volunteers at Jefferson Center Foundation Ltd.
Here are 17 key members and their salaries:
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Official website here: www.jeffcenter.org
Where can I find the form 990 for Jefferson Center Foundation Ltd?
Jefferson Center Foundation Ltd's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.jeffcenter.org
Learn more at the official website: www.jeffcenter.org
Mission Statement of Jefferson Center Foundation Ltd
The Jefferson Center Foundation Ltd was established with a purpose to manage the renovation and subsequent maintenance of the Jefferson High School. This historic building, owned by the City of Roanoke, serves as a platform for the Foundation's mission. Their primary objective is to raise public funding for the renovation of the building, transforming it into a resource for affordable office space for various non-profit and city agencies, as well as a cultural center for the arts. Furthermore, the Jefferson Center Foundation Ltd aims to function as a community center, welcoming other organizations to utilize its facilities for their meetings. The ultimate goal is to revitalize the building, making it a vibrant hub of activity in the community.
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Impact
July, 2024
Jefferson Center Foundation Ltd's impact can be seen in its work to manage the renovation, rental, and maintenance of the historic Jefferson High School in Roanoke, VA. The Foundation aims to raise public funding to transform the building into a hub for the arts and a community center, providing affordable office space for other non-profit and city agencies. Additionally, its Shaftman Performance Hall serves as a permanent venue for high-quality live music performances and music education programming. Through these efforts, the Foundation contributes to the cultural enrichment and community engagement in Roanoke.
This information is meant to be a general summary of Jefferson Center Foundation Ltd. 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: $116,244
- Program Service Revenue: $1,106,240
- Gross Receipts: $3,048,839
Assets and Liabilities:
- Total Assets: $24,079,593
- Total Liabilities: $442,487
- Net Assets: $23,637,106
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EDUCATION FEES
Revenue
$17,790
FACILITY RENTS
Revenue
$598,566
OUTSIDE PRESENTER FEES
Revenue
$118,840
TICKET & TRANSACTION FEES
Revenue
$371,044
Organization Details
Founding Year
1989
Phone
(540) 343-2624Principal Officer
Cyrus E Pace
Main Address
541 LUCK AVE SW 221, ROANOKE, VA, 24016
Website
www.jeffcenter.orgNTEE Category
Code: A116 - Arts
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