Overview
What is Virginia Growth And Opportunity Foundation?
The Virginia Growth and Opportunity Foundation is a nonprofit organization situated in Richmond, Virginia. Its primary objective is to enlighten Virginians about the significance of collaboration among different regions to foster economic growth. They achieve this goal by sharing knowledge on effective strategies, advocating for private sector development, and promoting regional cooperation. The foundation works towards disseminating best practices to enhance economic development in the state.
Official website here: www.govirginia.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Stars
The Virginia Growth And Opportunity Foundation has achieved an impressive 97% rating on Charity Navigator, which translates to a Four-Star designation, reflecting high levels of accountability and financial health. This score is primarily based on their strong performance in financial practices, where they have consistently demonstrated effective management of funds and resources.
The organization features a fully independent board, consisting of 19 members, ensuring transparency and integrity in their operations. Additionally, they have robust policies in place, including conflict of interest, whistleblower, and document retention policies, which further uphold their accountability standards. A notable aspect of their financial management is a program expense ratio of 99.61%, indicating that nearly all of their funds are directed towards their mission-driven programs.
There are no significant limitations noted in the data, which highlights the organization's commitment to maintaining a solid financial footing with no liabilities reported. The foundation's transparency and governance practices are well-documented, contributing to its strong reputation among donors and stakeholders. Overall, the Virginia Growth And Opportunity Foundation exemplifies a high-performing nonprofit with a clear focus on its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Virginia Growth And Opportunity Foundation legitimate?
Virginia Growth And Opportunity Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Virginia Growth And Opportunity 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.govirginia.org
What is the mission statement of Virginia Growth And Opportunity Foundation?
The Virginia Growth and Opportunity Foundation's mission is centered around educating the Virginia community about the significance of regional cooperation in fostering economic development. They aim to promote the idea that collaboration among regions is crucial for economic advancement. Furthermore, the foundation works to disseminate information on effective practices in this area and advocates for the growth of the private sector in economic development.
Official website here: www.govirginia.org
Who is the CEO of Virginia Growth And Opportunity Foundation?
John Wynne is the Chairman of Virginia Growth And Opportunity Foundation.
Official website here: www.govirginia.org
What is the revenue of Virginia Growth And Opportunity Foundation?
Virginia Growth And Opportunity Foundation's revenue in 2022 was $75,102.
Official website here: www.govirginia.org
Who are the executives of Virginia Growth And Opportunity Foundation and what are their salaries?
Here are 19 key members and their salaries:
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Official website here: www.govirginia.org
Where can I find the form 990 for Virginia Growth And Opportunity Foundation?
Virginia Growth And Opportunity Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.govirginia.org
Learn more at the official website: www.govirginia.org
Mission Statement of Virginia Growth And Opportunity Foundation
Virginia Growth and Opportunity Foundation is committed to enlightening Virginians on the significance of regional cooperation in driving economic development. Their mission is threefold: firstly, they aim to educate the Virginia community on the importance of collaboration within each region to foster economic growth. Secondly, they disseminate information on effective practices in this area, providing valuable insights. Lastly, they actively promote private sector development, contributing to a thriving economic landscape in Virginia. By carrying out these activities, the foundation strives to encourage and facilitate regional cooperation, ultimately leading to more robust economic development across the state.
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Impact
August, 2024
The Virginia Growth And Opportunity Foundation plays a crucial role in educating Virginians about the significance of regional cooperation in economic development. By promoting collaboration within each region, disseminating information on best practices, and advocating for private sector-driven economic growth, the foundation contributes to fostering a more dynamic and prosperous business environment in Virginia. Its work ultimately leads to advancements in community improvement and economic development throughout the state.
This information is meant to be a general summary of Virginia Growth And Opportunity 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: $102
- Gross Receipts: $75,102
Assets and Liabilities:
- Total Assets: $129,755
- Total Liabilities: $0
- Net Assets: $129,755
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Organization Details
Founding Year
2015
Phone
(804) 775-1902Principal Officer
John Wynne
Main Address
800 E Canal St Attn MWC-C Lloyd, Richmond, VA, 23219
Website
www.govirginia.orgNTEE Category
Code: S30 - Community improvement
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