Overview
What is Salinas Valley Fair Heritage Foundation Inc?
Salinas Valley Fair Heritage Foundation Inc, based in King City, California, is a nonprofit organization dedicated to supporting the 4-H and FFA clubs and promoting agricultural education. They invest in building improvements at the fairgrounds and work towards public awareness and community support for projects sponsored by the Salinas Valley Fair. The foundation's mission involves maintaining and enhancing the facility to meet the community's needs, thereby providing an enriching environment for these clubs and agricultural learning opportunities.
Official website here: www.salinasvalleyfair.com/heritage-foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star Rating)
The Salinas Valley Fair Heritage Foundation Inc has received an 81% rating, indicating a strong performance in terms of accountability and finance. This score reflects a solid commitment to financial transparency and effective governance, with the organization achieving full marks in several critical areas, including having 100% independent board members and proper conflict of interest policies in place.
Strengths noted in the evaluation include a high program expense ratio of 86.72%, which demonstrates that a significant portion of the Foundation's resources is directed toward its mission-related activities. The organization also maintains a low liabilities to assets ratio, reinforcing its financial stability. Overall, the Foundation displays a solid commitment to ethical practices and financial stewardship.
However, the rating is based solely on the Accountability & Finance beacon, which may limit insights into other performance aspects such as program effectiveness or community impact. While the financial metrics are commendable, potential donors and stakeholders may wish to investigate these other areas for a more comprehensive understanding of the Foundation's overall performance.
This AI summary has been generated from information found on Charity Navigator.
Is Salinas Valley Fair Heritage Foundation Inc legitimate?
Salinas Valley Fair Heritage Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Salinas Valley Fair Heritage 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.
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Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.salinasvalleyfair.com/heritage-foundation
What is the mission statement of Salinas Valley Fair Heritage Foundation Inc?
The Salinas Valley Fair Heritage Foundation Inc's mission revolves around supporting the 4-H and FFA, fostering agricultural education opportunities, and advocating for public awareness and support. Their primary goal is to contribute to ongoing projects sponsored by the Salinas Valley Fair, with the aim of maintaining and improving the facility's condition to cater to the community's needs. The organization also invests funds in building improvements at the fairgrounds and promotes the growth of 4-H and FFA clubs.
Official website here: www.salinasvalleyfair.com/heritage-foundation
Who is the CEO of Salinas Valley Fair Heritage Foundation Inc?
Dennis Ing is the President of Salinas Valley Fair Heritage Foundation Inc.
Official website here: www.salinasvalleyfair.com/heritage-foundation
What is the revenue of Salinas Valley Fair Heritage Foundation Inc?
Salinas Valley Fair Heritage Foundation Inc's revenue in 2022 was $606,629.
Official website here: www.salinasvalleyfair.com/heritage-foundation
Who are the executives of Salinas Valley Fair Heritage Foundation Inc and what are their salaries?
There 125 volunteers at Salinas Valley Fair Heritage Foundation Inc.
Here are 14 key members and their salaries:
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Official website here: www.salinasvalleyfair.com/heritage-foundation
Where can I find the form 990 for Salinas Valley Fair Heritage Foundation Inc?
Salinas Valley Fair Heritage Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.salinasvalleyfair.com/heritage-foundation
Learn more at the official website: www.salinasvalleyfair.com/heritage-foundation
Mission Statement of Salinas Valley Fair Heritage Foundation Inc
The Salinas Valley Fair Heritage Foundation Inc is dedicated to supporting the 4-H and FFA, fostering agricultural education opportunities, and increasing public awareness and support for ongoing projects sponsored by the Salinas Valley Fair. This nonprofit organization plays a significant role in maintaining and enhancing the facility to better serve the community's needs. Through its mission, the Foundation allocates resources towards building improvements at the fairgrounds and promoting the growth of 4-H and FFA clubs. By doing so, it contributes to the education and development of future generations in the agricultural field.
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Impact
July, 2024
Salinas Valley Fair Heritage Foundation Inc's impact is significant in supporting the 4-H and FFA clubs, providing agricultural education opportunities, and promoting public awareness and support for ongoing projects sponsored by the Salinas Valley Fair. Through its activities, the organization plays a crucial role in maintaining and improving the fairgrounds to serve the needs of the community. Additionally, the funds utilized by the foundation have been instrumental in paying for building improvements at the fairgrounds and in promoting the development of 4-H and FFA clubs. Overall, the foundation's work contributes to the enhancement of recreational and educational opportunities in the community.
This information is meant to be a general summary of Salinas Valley Fair Heritage 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: $1,131
- Program Service Revenue: $100,409
- Gross Receipts: $712,651
Assets and Liabilities:
- Total Assets: $1,148,846
- Total Liabilities: $0
- Net Assets: $1,148,846
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Clothing Sales
Revenue
$1,065
Membership Dues & Assessments
Revenue
$97,050
Misc Revenue
Revenue
$2,294
Organization Details
Founding Year
2002
Phone
(831) 385-3243Principal Officer
Dennis Ing
Main Address
PO Box 942, King City, CA, 93930
NTEE Category
Code: N52 - Recreation
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