Overview
What is Gap Partnership Foundation?
The Gap Partnership Foundation is a nonprofit organization located in Big Stone Gap, Virginia, specifically aiming to establish it as an attractive living destination within southwest Virginia. Through charitable contributions and facility improvements, this organization strives to support and enhance the overall development of the town. Their mission involves contributing to the town's growth and well-being, ensuring Big Stone Gap remains an appealing place to reside.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two Stars (60%)
The Gap Partnership Foundation has received a Two-Star out of Four Star rating from Charity Navigator, indicating a below-average performance in terms of accountability and finance. The overall 60% score is primarily based on a single beacon score which reflects various financial practices and governance structures within the organization. The lack of independent board members and missing policies, such as for whistleblower and document retention, have notably affected its rating.
Despite the shortcomings in governance, the organization demonstrates a strong commitment to its mission, highlighted by an impressive program expense ratio of 88.5%. This suggests that a significant portion of its resources is directed towards programmatic activities, which is a positive indicator of its operational focus. Additionally, the foundation has shown no material diversion of assets, which is a favorable aspect of its financial management.
However, the presence of multiple missing governance documents and policies raises concerns about transparency and accountability practices. The absence of a website listed on the tax form further limits public access to important organizational information. Overall, while the Gap Partnership Foundation effectively utilizes its resources for its mission, improvements in governance and transparency are essential for enhancing its rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Gap Partnership Foundation legitimate?
Gap Partnership Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gap Partnership Foundation 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 Gap Partnership Foundation?
The Gap Partnership Foundation's mission is centered around enhancing a specific community. Its primary objective is to help develop a town, referred to as "big stone Gap," into a desirable place to live, particularly within the region of southwest Virginia. This is achieved through charitable contributions and improvements to facilities. The organization's role is to support and sustain the growth and enhancement of this town.
Who is the CEO of Gap Partnership Foundation?
Wendy Dilllon-Murray is the President of Gap Partnership Foundation.
What is the revenue of Gap Partnership Foundation?
Gap Partnership Foundation's revenue in 2022 was $270.
Who are the executives of Gap Partnership Foundation and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990EZ for Gap Partnership Foundation?
Gap Partnership Foundation's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Gap Partnership Foundation
The Gap Partnership Foundation's mission is centered around enhancing and sustaining the desirability of a specific community, specifically Big Stone Gap, located within Southwest Virginia. The organization achieves this mission through charitable contributions and facility improvements, ultimately striving to make Big Stone Gap a preferred location for residence. The Gap Partnership Foundation's primary aim is to support and enhance the overall development of the town.
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Impact
October, 2024
The Gap Partnership Foundation significantly impacts the town of Big Stone Gap, Virginia, by fostering community development and enhancing the quality of life for residents. Through targeted charitable giving and facility improvements, the foundation supports initiatives aimed at making Big Stone Gap the preferred community to live in within southwest Virginia. By prioritizing the enhancement of local facilities and contributing to sustainable community projects, the foundation plays a crucial role in uplifting the town’s infrastructure and overall appeal. This commitment to community improvement not only enriches the lives of current residents but also attracts new families and visitors, promoting a vibrant and thriving environment in Big Stone Gap.
This information is meant to be a general summary of Gap Partnership 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.
- Gross Receipts: $270
Assets and Liabilities:
- Total Assets: $60,464
- Total Liabilities: $0
- Net Assets: $60,464
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Organization Details
Phone
(847) 715-6167Principal Officer
Wendy Dilllon-Murray
Main Address
PO BOX 236, BIG STONE GAP, VA, 24219
NTEE Category
Code: S30 - Community improvement
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