Overview
What is Mvcs Foundation Inc?
Mvcs Foundation Inc, located in White River Junction, VT, is a nonprofit organization dedicated to supporting Mid Vermont Christian School. Their primary role is to manage funds, accepting donations and generating dividends and interest, all for the school's benefit. Their mission is to aid Mid Vermont Christian School in carrying out its purposes and functions, ensuring the school prosperity.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Stars
The Mvcs Foundation Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. This high score is based entirely on a single accountability beacon, showcasing the organization's effective financial management practices. The evaluation highlights important governance aspects, such as a fully independent board and comprehensive policies to prevent conflicts of interest and ensure transparency.
The organization excels in several key areas, including having a perfect score for its independent board member composition and a notably low liabilities to assets ratio of 0.00%. Additionally, the foundation allocates a significant portion of its expenses—85.93%—directly to its programs, indicating a robust focus on fulfilling its mission over administrative costs.
While the rating is highly favorable, it's essential to consider that the score is derived from a single fiscal year (FY2020), which may not reflect ongoing performance or changing circumstances. Overall, Mvcs Foundation Inc demonstrates a strong commitment to responsible governance and effective use of financial resources, making it a trustworthy choice for donors.
This AI summary has been generated from information found on Charity Navigator.
Is Mvcs Foundation Inc legitimate?
Mvcs Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mvcs Foundation Inc submitted a form 990EZ, 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.
What is the mission statement of Mvcs Foundation Inc?
The MVCS Foundation's mission is centered around supporting Mid Vermont Christian School. It operates primarily to advance the school's interests, managing donations and generating income for its benefit. The foundation's purpose is to enhance the school's operations and further its goals without providing a specific mission statement of its own. It is an entity dedicated to the betterment of Mid Vermont Christian School.
Who is the CEO of Mvcs Foundation Inc?
Perry Seale is the President of Mvcs Foundation Inc.
What is the revenue of Mvcs Foundation Inc?
Mvcs Foundation Inc's revenue in 2022 was $4,571.
Who are the executives of Mvcs Foundation Inc and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990EZ for Mvcs Foundation Inc?
Mvcs Foundation Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Mvcs Foundation Inc
The MVCS Foundation, as a dedicated entity, is primarily focused on supporting Mid Vermont Christian School. Its primary objective is to carry out various functions and fulfill the school's purposes, all while operating solely for its benefit. The organization achieves this by accepting donations and generating dividends and interest, all of which are exclusively dedicated to the betterment of Mid Vermont Christian School. In essence, the MVCS Foundation serves as a philanthropic backbone, working tirelessly to enhance the educational experience and prospects of the Mid Vermont Christian School.
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Impact
October, 2024
Mvcs Foundation Inc plays a pivotal role in supporting Mid Vermont Christian School by organizing initiatives that enhance educational opportunities for students. Through effective fundraising, the foundation accepts donations and generates dividends and interest, all directed toward benefiting the school. Located in White River Junction, VT, the foundation's mission is centered on ensuring that students receive a high-quality education that nurtures their academic and spiritual growth. By providing financial support, Mvcs Foundation Inc significantly contributes to the school’s resources, programs, and overall mission to create a thriving learning environment.
This information is meant to be a general summary of Mvcs 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: $4,525
- Gross Receipts: $4,571
Assets and Liabilities:
- Total Assets: $362,419
- Total Liabilities: $0
- Net Assets: $362,419
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Organization Details
Principal Officer
Perry Seale
Main Address
399 WEST GILSON AVENUE, WHITE RIVER JUNCTION, VT, 050019527
NTEE Category
Code: B11 - Education
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