Overview
What is Spirit Voyage Legacy Foundation?
Spirit Voyage Legacy Foundation (SVLF) is a nonprofit organization based in Hillsboro, Virginia. With a mission to promote healing arts, yoga, music, sustainable living, and other philosophies that foster a healthier planet and better life, SVLF accepts donations of properties and assets to support these activities. It also makes its real estate available to like-minded nonprofit organizations and provides financial aid to them. In 2022, the foundation is still in the development phase, having purchased a property in November 2021 for renovation to further its objectives.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Stars)
The Spirit Voyage Legacy Foundation has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. The organization achieved an overall score of 80%, with its rating based entirely on accountability and finance metrics. This score reflects a well-managed nonprofit that is committed to transparency and responsible financial practices.
Strengths highlighted in the evaluation include a majority of independent board members (60%), which contributes to effective governance. The foundation demonstrates strong financial management, with a low liabilities to assets ratio of 13.34% and a high program expense ratio of 79.97%, ensuring that the majority of funds are directed towards its mission rather than overhead costs. Additionally, the organization has a clear conflict of interest policy and maintains thorough documentation of board meeting minutes.
While the foundation shows strong metrics in accountability and finance, the rating does not reflect other potential areas of impact or effectiveness that may be relevant to stakeholders. Overall, the Spirit Voyage Legacy Foundation appears to operate with strong governance and effective use of resources, but further information on program outcomes could provide a more complete picture of its overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Spirit Voyage Legacy Foundation legitimate?
Spirit Voyage Legacy Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Spirit Voyage Legacy 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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What is the mission statement of Spirit Voyage Legacy Foundation?
The Spirit Voyage Legacy Foundation aims to offer opportunities and platforms for the teaching and learning of various healing practices, yoga, music, sustainable living, and philosophies that contribute to a improved life and healthier planet. They achieve this objective by accepting donations of properties and assets to support these activities. Moreover, they make their real estate properties accessible for use by other tax-exempt nonprofit organizations that align with their mission and values. Additionally, the foundation provides monetary contributions to such organizations that share their goals.
Who is the CEO of Spirit Voyage Legacy Foundation?
Karan Khalsa is the President of Spirit Voyage Legacy Foundation.
What is the revenue of Spirit Voyage Legacy Foundation?
Spirit Voyage Legacy Foundation's revenue in 2022 was $559,506.
Who are the executives of Spirit Voyage Legacy Foundation and what are their salaries?
There 5 volunteers at Spirit Voyage Legacy Foundation.
Here are 5 key members and their salaries:
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Where can I find the form 990 for Spirit Voyage Legacy Foundation?
Spirit Voyage Legacy Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Spirit Voyage Legacy Foundation
The Spirit Voyage Legacy Foundation is devoted to facilitating learning and teaching various healing arts, yoga, music, and sustainable living practices, as well as promoting any lifestyle or philosophy that contributes to a better life and a healthier planet. To achieve this mission, the foundation accepts donations of properties and assets that can be utilized to support these activities. Furthermore, it makes its real estate assets available for use by other tax-exempt nonprofit organizations that share its mission and values. In addition, the foundation extends monetary donations to these organizations that align with its objectives. By doing so, the Spirit Voyage Legacy Foundation aims to contribute to the broader nonprofit community and promote wellness and sustainability on a larger scale.
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Impact
July, 2024
Spirit Voyage Legacy Foundation's impact is seen through its commitment to providing opportunities for learning and teaching healing arts, yoga, music, sustainable living, and other philosophies that contribute to personal well-being and a healthier planet. The organization's mission is to create venues where individuals can engage in activities that promote a better life and support environmental sustainability. By accepting donations of properties and assets, SVLF is able to facilitate these activities and make a positive impact on the community. With a focus on education and holistic well-being, SVLF's initiatives are designed to empower individuals and foster a sense of interconnectedness with nature and the world around them.
This information is meant to be a general summary of Spirit Voyage Legacy 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: $559,506
Assets and Liabilities:
- Total Assets: $1,278,206
- Total Liabilities: $13,536
- Net Assets: $1,264,670
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Organization Details
Founding Year
2019
Phone
(703) 622-6122Principal Officer
Karan Khalsa
Main Address
15806 WOODGROVE ROAD, HILLSBORO, VA, 20132
NTEE Category
Code: B03 - Education
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