Overview
What is West Virginia Forest Products Cooperative Inc?
West Virginia Forest Products Cooperative Inc, situated in Princeton, West Virginia, is a nonprofit organization dedicated to empowering woodworking businesses. By offering shared workspace and equipment, they enable their members to enhance their craftsmanship as master artisans and leaders in their respective industries. The cooperative also provides essential business and entrepreneurship training, thereby fostering the growth and success of new and existing woodworking ventures. Furthermore, they assist in marketing their members' products, providing a platform for wider reach and increased sales. With a team of nine dedicated individuals, West Virginia Forest Products Cooperative Inc plays a significant role in supporting the woodworking sector in the region.
Official website here: www.wvfpc.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77%, Three-Star out of Four Star rating.
West Virginia Forest Products Cooperative Inc has achieved a Three-Star rating from Charity Navigator, reflecting a score of 77%. This rating is based solely on its Accountability & Finance metrics, indicating a strong emphasis on financial responsibility and governance. The organization has been recognized for having a fully independent board, with all members meeting the criteria for independence.
Strengths noted in the evaluation include a high program expense ratio of 94.15%, suggesting that a significant portion of its resources is directed towards its programs rather than administrative costs. Additionally, the cooperative has demonstrated good financial health with a liabilities to assets ratio of 49.58%. Most of the accountability measures, such as the availability of board meeting minutes and a conflict of interest policy, are well managed.
However, a notable limitation is the absence of a whistleblower policy, which could enhance transparency and accountability within the organization. This gap may raise concerns about the organization's commitment to safeguarding against potential misconduct. Overall, while the organization performs well in several key areas, addressing the missing whistleblower policy could improve its governance framework.
This AI summary has been generated from information found on Charity Navigator.
Is West Virginia Forest Products Cooperative Inc legitimate?
West Virginia Forest Products Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. West Virginia Forest Products Cooperative Inc 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: $393,785
For more financial information, click here
Official website here: www.wvfpc.com
What is the mission statement of West Virginia Forest Products Cooperative Inc?
West Virginia Forest Products Cooperative Inc's mission is centered around supporting both new and established woodworking businesses. They accomplish this by offering shared workspace and equipment, marketing assistance, and providing technical and entrepreneurship training. The primary goal is to help members enhance their craftsmanship and leadership skills, ultimately leading to the successful marketing and promotion of their products.
Official website here: www.wvfpc.com
Who is the CEO of West Virginia Forest Products Cooperative Inc?
Joseph Howard is the Director of West Virginia Forest Products Cooperative Inc.
Official website here: www.wvfpc.com
What is the revenue of West Virginia Forest Products Cooperative Inc?
West Virginia Forest Products Cooperative Inc's revenue in 2020 was $515,401.
Official website here: www.wvfpc.com
Who are the executives of West Virginia Forest Products Cooperative Inc and what are their salaries?
The average compensation at West Virginia Forest Products Cooperative Inc during 2020 was $43,754. There are 9 employees at West Virginia Forest Products Cooperative Inc.
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
Official website here: www.wvfpc.com
Where can I find the form 990 for West Virginia Forest Products Cooperative Inc?
West Virginia Forest Products Cooperative Inc's most recent form 990 was submitted in 2020 and can be accessed here.
Official website here: www.wvfpc.com
Learn more at the official website: www.wvfpc.com
Mission Statement of West Virginia Forest Products Cooperative Inc
West Virginia Forest Products Cooperative Inc is dedicated to supporting both established and emerging woodworking businesses. They achieve this by providing shared workspace and equipment, marketing assistance, and offering technical and entrepreneurship training. The organization's primary mission is to nurture its members into becoming skilled artisans and successful business leaders. Through the provision of shared equipment and workspace, members can refine their craftsmanship and expand their production capabilities. Additionally, the cooperative offers various training programs focusing on technical skills, business management, and entrepreneurship, enabling members to navigate the competitive market effectively. By marketing the members' products, West Virginia Forest Products Cooperative Inc helps boost their visibility and reach a wider customer base, thereby contributing to their business growth.
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Impact
July, 2024
West Virginia Forest Products Cooperative Inc's impact lies in supporting new and existing woodworking businesses by providing shared workspace and equipment, marketing assistance, and technical and entrepreneurship training. By training members to become master craftspeople and business leaders through shared resources and comprehensive training programs, the cooperative plays a crucial role in enhancing the skills and opportunities for woodworking entrepreneurs in the community. Its emphasis on providing a platform for members to grow their businesses and market their products effectively contributes to the overall improvement of the woodworking industry in Princeton, WV.
This information is meant to be a general summary of West Virginia Forest Products Cooperative 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 2020.
- Investment Income: $2
- Program Service Revenue: $234,777
- Gross Receipts: $515,401
Assets and Liabilities:
- Total Assets: $605,367
- Total Liabilities: $300,165
- Net Assets: $305,202
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE FEES
Revenue
$234,777
Organization Details
Founding Year
2018
Phone
(859) 242-1894Principal Officer
Joseph Howard
Main Address
325 HARDWOOD LN, PRINCETON, WV, 24740
Website
www.wvfpc.comNTEE Category
Code: S30 - Community improvement
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