Overview
What is Partnership Development Foundation Inc?
Partnership Development Foundation Inc, situated in Portsmouth, Virginia, is a nonprofit organization dedicated to bolstering the city's economic growth. They achieve this goal by offering financial support and human resources for specific projects, and by promoting education within the city. Additionally, the foundation focuses on reclaiming underperforming properties for higher, more beneficial uses, contributing to the overall economic growth of Portsmouth. Furthermore, the organization extends its support to other charitable and educational organizations by providing financial resources.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating.
Partnership Development Foundation Inc has earned a commendable Four-Star rating from Charity Navigator, reflecting strong accountability and financial health. The charity's score is entirely based on its Accountability & Finance, where it scored an impressive 94%. This high rating indicates that the organization is well-managed and maintains a strong focus on transparency and responsible financial practices.
The foundation demonstrates robust governance with a board composed entirely of independent members, achieving a perfect score in this category. Furthermore, the organization has established essential policies, including conflict of interest and whistleblower protections, indicating a commitment to ethical standards and accountability. Their fiscal management is evident as they maintain a favorable liabilities to assets ratio and a high program expense ratio, ensuring that a significant portion of funds supports their mission directly.
While the data highlights many strengths, such as the absence of material diversion of assets and comprehensive documentation practices, it is crucial for potential donors and volunteers to consider not only these ratings but also the specific programs and impact of the foundation. Overall, the Partnership Development Foundation Inc stands out for its commitment to accountability and effective financial management.
This AI summary has been generated from information found on Charity Navigator.
Is Partnership Development Foundation Inc legitimate?
Partnership Development Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Partnership Development 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Partnership Development Foundation Inc?
The Partnership Development Foundation Inc's mission is centered around supporting a city's economic growth. They aim to achieve this by reclaiming underperforming properties and transforming them into higher and more beneficial uses. Additionally, the foundation provides financial resources to various charitable and educational organizations, contributing to their operations and initiatives. By doing so, the foundation plays a role in promoting economic growth and development while also supporting other organizations that contribute to the community.
What is the revenue of Partnership Development Foundation Inc?
Partnership Development Foundation Inc's revenue in 2024 was $426,608.
Who are the executives of Partnership Development Foundation Inc and what are their salaries?
There 9 volunteers at Partnership Development Foundation Inc.
Here are 10 key members and their salaries:
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Where can I find the form 990 for Partnership Development Foundation Inc?
Partnership Development Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Partnership Development Foundation Inc
The Partnership Development Foundation Inc, in its mission, aims to contribute to the overall economic growth of a city by reclaiming underperforming properties and transforming them into more beneficial uses. This action serves to enhance the city's economic landscape. Furthermore, the organization extends its support beyond property revitalization by providing financial resources to various charitable and educational organizations. By doing so, the Foundation contributes to the city's development on multiple fronts, fostering a holistic improvement in its economic and social sectors.
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Impact
July, 2024
Partnership Development Foundation Inc's impact is felt through its efforts to support the city of Portsmouth by reclaiming underperforming properties for economic growth and providing financial resources for charitable and educational organizations. Through these initiatives, the organization contributes to the revitalization and development of the city, promoting community improvement and fostering economic growth.
This information is meant to be a general summary of Partnership Development 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 2024.
- Investment Income: $65
- Gross Receipts: $426,608
Assets and Liabilities:
- Total Assets: $1,258,807
- Total Liabilities: $420,500
- Net Assets: $838,307
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Organization Details
Founding Year
2005
Principal Officer
Michelle Wren
NTEE Category
Code: S30 - Community improvement
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