Overview
What is Valley County Community Foundation?
Valley County Community Foundation is a nonprofit organization based in Glasgow, Montana. Established with an agency endowment at Montana Community Foundation, it receives annual distributions to support its operations. The foundation's primary mission is to fund worthy projects in Valley County, catering to local government entities and nonprofits with a 501(c)(3) designation. The organization also aims to educate the community on the importance of philanthropy. Specifically, it focuses on five key areas: arts and culture, basic human needs, economic development, education, and natural resources and conservation. In 2022, the foundation invested $40,869 in Montana Community Foundation to support these initiatives.
Official website here: www.valleycountycf.net
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star Rating
The Valley County Community Foundation has achieved an impressive 97% score, earning a Four-Star rating, which highlights its strong performance in accountability and finance. This rating reflects the foundation's commitment to transparency and efficient use of resources, as evidenced by a program expense ratio of 98.12%, indicating that nearly all of its expenditures are directed toward its charitable initiatives.
Strengths of the organization include a fully independent board, with all 11 members free from conflicts of interest, which ensures that decision-making is focused on the foundation's mission. The organization also adheres to best practices such as listing its website on tax forms, maintaining a whistleblower policy, and keeping detailed records of board meeting minutes, all contributing to a high level of governance.
There are no significant limitations noted in the data reviewed. The foundation's low liabilities to assets ratio of 13.83% reinforces its financial stability, making it a reliable choice for donors seeking to support a well-managed nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Valley County Community Foundation legitimate?
Valley County Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Valley County 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.
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Official website here: www.valleycountycf.net
What is the mission statement of Valley County Community Foundation?
The Valley County Community Foundation's mission is centered around funding worthy projects. It aims to educate the community on the importance of philanthropy and supports initiatives in five key areas: arts and culture, basic human needs, economic development, education, and natural resources and conservation. The foundation primarily funds local government entities and non-profit organizations with a 501(c)(3) designation. It receives annual endowment distributions to support its operations and invests contributions received by the Montana Community Foundation. In 2022, the amount invested in Montana Community Foundation was approximately $40,869.
Official website here: www.valleycountycf.net
Who is the CEO of Valley County Community Foundation?
Doris Leader is the Secretary of Valley County Community Foundation.
Official website here: www.valleycountycf.net
What is the revenue of Valley County Community Foundation?
Valley County Community Foundation's revenue in 2022 was $52,401.
Official website here: www.valleycountycf.net
Who are the executives of Valley County Community Foundation and what are their salaries?
Here are 11 key members and their salaries:
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Official website here: www.valleycountycf.net
Where can I find the form 990 for Valley County Community Foundation?
Valley County Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.valleycountycf.net
Learn more at the official website: www.valleycountycf.net
Mission Statement of Valley County Community Foundation
Valley County Community Foundation, a charitable organization, is dedicated to funding worthy projects in its community. The foundation's mission is twofold: firstly, it aims to educate the community about the importance of philanthropy. Secondly, it focuses on funding projects in five key areas of community life in Valley County: Arts and Culture, Basic Human Needs, Economic Development, Education, and Natural Resources and Conservation. The organization serves as a beneficiary of an agency endowment at Montana Community Foundation and receives an annual endowment distribution to support its operations. Moreover, Valley County Community Foundation invests contributions received by Montana Community Foundation, with an investment amount of $40,869 in 2022. In summary, the foundation is committed to enriching its community through philanthropy and investing in projects that foster growth in various aspects of community life.
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Impact
August, 2024
Valley County Community Foundation impacts Valley County, Montana by funding worthy projects in five key areas of community life: arts and culture, basic human needs, economic development, education, and natural resources and conservation. Through their mission to educate the community on the value of philanthropy and provide financial support to local government entities and nonprofits, the foundation plays a vital role in enhancing the quality of life for residents of Valley County. By investing contributions received and benefiting from an agency endowment at Montana Community Foundation, the Valley County Community Foundation ensures sustainable support for initiatives that positively impact the community.
This information is meant to be a general summary of Valley County 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 2022.
- Investment Income: $158
- Gross Receipts: $52,401
Assets and Liabilities:
- Total Assets: $1,452,096
- Total Liabilities: $200,922
- Net Assets: $1,251,174
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Organization Details
Founding Year
1999
Phone
(406) 228-8261Principal Officer
Doris Leader
Main Address
BOX 304, GLASGOW, MT, 592300304
Website
www.valleycountycf.netNTEE Category
Code: T31 - Philanthropy
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