Overview
What is The Montpelier Foundation Inc?
The Montpelier Foundation Inc, a nonprofit organization based in Montpelier, Vermont, is committed to enhancing the community's ability to make impactful capital investments. They primarily focus on funding "brick and mortar" projects that have a lasting impact, such as educational, recreational, transportation, public safety, utility, conservation and preservation, and cultural improvements. These projects must have a useful life of at least 20 years. In the FY'22, they granted a total of $10,582 to the Montpelier Tree Board for their Ash Tree Project and $12,786 to the Montpelier Parks Department for the Hubbard Park Expansion Project. Their aim is to support projects that can make a difference in completing or finishing a project, thereby improving the quality of life for local residents and visitors.
Official website here: www.montpelierfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Star rating
The Montpelier Foundation Inc has achieved a Three-Star rating from Charity Navigator, with an overall score of 83%. This rating reflects the charity's strong performance in the Accountability & Finance category, which is critical for assessing the financial health and transparency of the organization. The foundation demonstrates excellent governance practices, with all board members being independent and a perfect score in material diversion of assets, indicating a strong commitment to ethical management.
However, there are notable areas of concern. The organization lacks a whistleblower policy and a document retention and destruction policy, which are important for ensuring accountability and protecting the interests of the organization and its stakeholders. These omissions have contributed to a lower score in the overall accountability assessment, suggesting that while the organization is financially sound, it may need to improve its governance policies to enhance its transparency further.
Despite these limitations, the Montpelier Foundation Inc has a high program expense ratio of 91.54%, indicating that a significant portion of its funds is allocated directly to its programs. This commitment to its mission, paired with its financial accountability, makes it a generally reliable nonprofit, though addressing the noted governance gaps could strengthen its overall standing.
This AI summary has been generated from information found on Charity Navigator.
Is The Montpelier Foundation Inc legitimate?
The Montpelier Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Montpelier Foundation 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.
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Other Salaries and Wages: $0
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Official website here: www.montpelierfoundation.org
What is the mission statement of The Montpelier Foundation Inc?
The Montpelier Foundation Inc's mission is to enhance the community's ability to make substantial capital investments. Their goal is to improve the quality of life for local residents and visitors by funding brick-and-mortar projects that might not be funded with limited resources. They prioritize projects where their funds can make a significant difference in completing or finishing a project. In the fiscal year 2022, they provided grants totalling $10,582 to the Montpelier Tree Board for their Ash Tree Project and grants totalling $12,786 to the Montpelier Parks Department for the Hubbard Park Expansion Project. These investments aim to provide long-term public benefits in educational, recreational, transportation, public safety, utility, conservation and preservation, and cultural improvements with a useful life of at least 20 years.
Official website here: www.montpelierfoundation.org
Who is the CEO of The Montpelier Foundation Inc?
Sarah Jarvis is the Chair of The Montpelier Foundation Inc.
Official website here: www.montpelierfoundation.org
What is the revenue of The Montpelier Foundation Inc?
The Montpelier Foundation Inc's revenue in 2022 was $150,886.
Official website here: www.montpelierfoundation.org
Who are the executives of The Montpelier Foundation Inc and what are their salaries?
There 9 volunteers at The Montpelier Foundation Inc.
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Official website here: www.montpelierfoundation.org
Where can I find the form 990 for The Montpelier Foundation Inc?
The Montpelier Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.montpelierfoundation.org
Learn more at the official website: www.montpelierfoundation.org
Mission Statement of The Montpelier Foundation Inc
The Montpelier Foundation Inc is committed to enhancing the community's ability to make significant capital investments, aimed at improving the quality of life for both local residents and visitors. Their mission is to fund "brick and mortar" projects that have a lasting impact in Montpelier, as these initiatives might not otherwise receive funding due to limited city resources. The organization prioritizes projects where its funds can make a difference in completing or finishing a project, thereby ensuring a long-term public benefit. In the fiscal year 2022, The Montpelier Foundation provided grants totaling $10,582 to the Montpelier Tree Board to support their Ash Tree Project and grants totaling $12,786 to the Montpelier Parks Department for the Hubbard Park Expansion Project.
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Impact
October, 2024
The Montpelier Foundation Inc significantly enhances the community's capacity to make impactful capital investments aimed at improving the quality of life for both residents and visitors in Montpelier. By supporting projects that provide lasting public benefits, the Foundation focuses on initiatives that contribute to educational, recreational, transportation, public safety, utility, conservation, preservation, and cultural improvements with a useful lifespan of at least 20 years.
In fiscal year 2022, the Foundation demonstrated its commitment to community development by providing grant funding of $10,582 to the Montpelier Tree Board for the Ash Tree Project and $12,786 to the Montpelier Parks Department for the Hubbard Park Expansion Project. These initiatives not only enhance the natural beauty and recreational offerings of Montpelier but also ensure that vital projects can reach completion, particularly where city resources may be limited.
By prioritizing "brick and mortar" projects, the Foundation plays a crucial role in creating sustainable enhancements that enrich the community's environment and quality of life, ensuring that Montpelier continues to thrive for future generations.
This information is meant to be a general summary of The Montpelier 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: $7,404
- Gross Receipts: $150,886
Assets and Liabilities:
- Total Assets: $289,551
- Total Liabilities: $0
- Net Assets: $289,551
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Organization Details
Founding Year
2018
Phone
(802) 223-5191Principal Officer
Sarah Jarvis
Main Address
PO BOX 364, MONTPELIER, VT, 056010364
Website
www.montpelierfoundation.orgNTEE Category
Code: T31 - Philanthropy
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