Overview
What is Golden Valley Community Foundation?
Golden Valley Community Foundation is a nonprofit organization situated in Golden Valley, Minnesota. Their primary mission is to enrich the community's quality of life by supporting various local nonprofits through grants and special projects. As part of their initiatives, they hosted an annual event called International Day at the Golden Valley Farmers Market, which aims to celebrate the diversity of the community and acknowledge foreign-born immigrants. In 2022, funds were collected and sent to Ukraine during this event. The foundation raised funds through a silent auction and direct donations, which were distributed for humanitarian relief through Global Syngery Group. Entertainment, such as world music groups and Chinese lion dancers, was provided, along with children's activities. This year, the event had a focus on distributing books that celebrate diversity, available through a Little Free Library set up in one of the city parks.
Official website here: www.gvcfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Star Rating
The Golden Valley Community Foundation has received a low rating of 53%, which indicates significant concerns regarding its accountability and financial management. The overall score is based solely on the Accountability & Finance beacon, highlighting that there may be issues with how the organization allocates its resources effectively.
Despite the low score, the foundation demonstrates some strengths, including a fully independent board of directors and a clear conflict of interest policy. Additionally, the organization has shown transparency by listing critical documents such as board meeting minutes and its tax form on its website. However, the program expense ratio is notably low at 39.38%, suggesting that a significant portion of its funds may not be directed towards its programs.
In conclusion, while the Golden Valley Community Foundation has implemented several accountability measures, the low program expense ratio and liabilities to assets ratio raise concerns about its financial health and effectiveness in fulfilling its mission. Potential donors and stakeholders may want to consider these factors before supporting the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Golden Valley Community Foundation legitimate?
Golden Valley Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Golden Valley 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.gvcfoundation.org
What is the mission statement of Golden Valley Community Foundation?
The Golden Valley Community Foundation's mission is centered around enhancing the quality of life in the community. They achieve this by supporting a variety of local nonprofits through grants and special projects. Their activities aim to improve neighborhoods and the city as a whole. The foundation occasionally organizes events like the International Day at the Golden Valley Farmers Market, which celebrates the diversity of the community and raises funds for humanitarian causes, such as supporting Ukraine in 2022. Entertainment and children's activities are also a part of these events, with a focus on promoting diversity and inclusivity.
Official website here: www.gvcfoundation.org
What is the revenue of Golden Valley Community Foundation?
Golden Valley Community Foundation's revenue in 2023 was $110,372.
Official website here: www.gvcfoundation.org
Who are the executives of Golden Valley Community Foundation and what are their salaries?
There 50 volunteers at Golden Valley Community Foundation.
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.gvcfoundation.org
Where can I find the form 990 for Golden Valley Community Foundation?
Golden Valley Community Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.gvcfoundation.org
Learn more at the official website: www.gvcfoundation.org
Mission Statement of Golden Valley Community Foundation
The Golden Valley Community Foundation is dedicated to improving the quality of life in the community, focusing on enhancing neighborhoods and the city as a whole. They achieve this mission by supporting a variety of local nonprofit organizations through grants and special projects. By funding these initiatives, the foundation aims to contribute positively to the community, making it a better place for its residents.
In addition to their financial support, the Golden Valley Community Foundation also organizes events to bring the community together and raise funds for worthy causes. One such event is International Day at the Golden Valley Farmers Market, an annual celebration of the community's diversity. During this event, funds are collected and donated to support humanitarian relief efforts in various parts of the world, such as Ukraine. Entertainment, activities, and educational resources are provided to celebrate the community's rich cultural heritage and promote understanding among its diverse population. For instance, in 2022, children's books that celebrate diversity were shared at the event through a Little Free Library.
In summary, the Golden Valley Community Foundation's mission is to enrich the lives of its community members by supporting local nonprofits, organizing events, and funding special projects. Through these efforts, they strive to create a more vibrant and inclusive community, fostering a sense of unity and cooperation among its residents.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
August, 2024
Golden Valley Community Foundation's impact is significant in enhancing the quality of life in Golden Valley, MN, by improving neighborhoods and the city as a whole. The foundation supports various local initiatives through grants and special projects, with a particular focus on human services. One notable event organized by the foundation is the International Day at the Golden Valley Farmers Market, which serves as a fundraiser for urgent causes such as supporting humanitarian relief in Ukraine. This event celebrates the diversity of the community and recognizes the contributions of foreign-born immigrants. Through activities like world music performances, Chinese lion dances, and providing diverse children's books, the foundation fosters inclusivity and cultural exchange within the community. Funds raised from events like these are directed towards addressing pressing global issues, demonstrating the foundation's commitment to making a positive difference both locally and internationally.
This information is meant to be a general summary of Golden Valley 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: $59
- Program Service Revenue: $49,357
- Gross Receipts: $110,372
Assets and Liabilities:
- Total Assets: $97,166
- Total Liabilities: $0
- Net Assets: $97,166
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FISCAL SPONSORSHIP INC
Revenue
$49,357
Organization Details
Founding Year
2004
Principal Officer
Dean Penk
Website
www.gvcfoundation.orgNTEE Category
Code: P20 - Human services
If you are a representative of Golden Valley Community Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.