Overview
What is Locus Foundation?
Locus Foundation, headquartered in Richmond, Virginia, is a charitable organization dedicated to fostering community and economic development. Its primary objective is to collect and manage funds, channeling them towards initiatives that encourage community growth and alignment with its mission. The foundation serves as a sponsor for Donor Advised Funds, furthering its mission. Led by Sarah Stremlau, Locus Foundation supports its cause through community development grants and mission-aligned investments, aiming to contribute positively to its local and broader community.
Official website here: www.locusimpactinvesting.org
Is Locus Foundation legitimate?
Locus Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Locus 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
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Official website here: www.locusimpactinvesting.org
What is the mission statement of Locus Foundation?
The Locus Foundation operates with a charitable, scientific, literary, and educational focus. Its primary objective is to raise and manage funds for promoting community and economic development. This is achieved through community development grants and mission-aligned investments. Furthermore, the foundation serves as a sponsoring organization for donor-advised funds, all towards these purposes.
Official website here: www.locusimpactinvesting.org
Who is the CEO of Locus Foundation?
Sarah Stremlau is the President of Locus Foundation.
Official website here: www.locusimpactinvesting.org
What is the revenue of Locus Foundation?
Locus Foundation's revenue in 2022 was $0.
Official website here: www.locusimpactinvesting.org
Who are the executives of Locus Foundation and what are their salaries?
Here are 13 key members and their salaries:
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- Related: $8,250
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- Related: $238,447
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- Compensation: $0
- Related: $237,515
- Other: $0
Official website here: www.locusimpactinvesting.org
Where can I find the form 990 for Locus Foundation?
Locus Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.locusimpactinvesting.org
Learn more at the official website: www.locusimpactinvesting.org
Mission Statement of Locus Foundation
Locus Foundation, a charitable organization, is dedicated to serving noble causes such as community and economic development. Its mission is to raise and manage funds for this purpose. The foundation accomplishes this by providing community development grants and making mission-aligned investments. Additionally, Locus Foundation functions as a sponsoring organization for donor-advised funds, enabling others to contribute to similar objectives. By pursuing these goals, the foundation aims to make a significant impact on its chosen areas, contributing to the betterment of communities and the lives of those within them.
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Impact
October, 2024
The Locus Foundation significantly contributes to community and economic development through strategic funding and grants. By raising and managing funds, it supports a variety of initiatives aimed at enhancing local communities, fostering educational opportunities, and encouraging scientific and literary endeavors. The foundation provides community grants that enable projects to flourish, thereby promoting sustainable growth and empowerment within Richmond, VA, and beyond. Additionally, it acts as a sponsoring organization for donor-advised funds, facilitating targeted philanthropy that aligns with its mission. Through these efforts, the Locus Foundation plays a crucial role in enhancing the quality of life and addressing the needs of diverse communities.
This information is meant to be a general summary of Locus 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.
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
2016
Phone
(540) 260-3126Principal Officer
Sarah Stremlau
Main Address
7814 CAROUSEL LANE 100, RICHMOND, VA, 23294
Website
www.locusimpactinvesting.orgNTEE Category
Code: T30 - Philanthropy
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