Overview
What is Wet Mtn Valley Community Foundation?
Wet Mtn Valley Community Foundation is a nonprofit organization situated in Westcliffe, Colorado. Established with a mission to uplift the community, the foundation has been awarding matching gifts to tax-exempt organizations in Custer County since 1999 through its Community Spirit Campaign. This campaign has significantly contributed to the community by distributing over $5 million to over 100 non-profit organizations, primarily in areas such as arts, education, recreation, historic preservation, emergency services, health care, land conservation, and related fields. The foundation's main purpose is to strengthen tax-exempt organizations and provide donors with charitable giving options, as well as supporting community-based programs and services.
Official website here: www.wmvcf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 69% (Two-Star out of Four Stars)
The Wet Mountain Valley Community Foundation has received a Two-Star rating from Charity Navigator, indicating a moderate level of performance in terms of transparency and accountability. While the foundation showcases a strong commitment to its mission with a program expense ratio of 97.95%, suggesting that most of its funds are directed towards its programs, there are significant weaknesses in its financial governance practices.
Notably, the foundation has 100% independent board members and a low liabilities to assets ratio of 0.01%, which reflect positively on its financial health and governance structure. However, several key policies and financial statements are missing, including a conflict of interest policy, a whistleblower policy, and a document retention policy, which could undermine stakeholder trust and transparency.
The absence of comprehensive financial statements and tax forms posted on the nonprofit's website limits the foundation's accountability. These gaps in documentation could affect the organization's overall effectiveness and public perception, despite its strong programmatic focus.
This AI summary has been generated from information found on Charity Navigator.
Is Wet Mtn Valley Community Foundation legitimate?
Wet Mtn Valley Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wet Mtn Valley Community 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
For more financial information, click here
Official website here: www.wmvcf.org
What is the mission statement of Wet Mtn Valley Community Foundation?
The Wet Mtn Valley Community Foundation's mission is centered around community grants and supporting community-based programs and services. It aims to strengthen tax-exempt organizations and offer charitable giving options to donors. The foundation's activities include the Community Spirit Campaign, a program that awards matching gifts to tax-exempt organizations based on individual donations. Additionally, it provides Community Service Grants to non-profit agencies that support the community in various ways, such as arts, education, recreation, historic preservation, emergency services, healthcare, land conservation, and related fields. Furthermore, the foundation offers scholarships for higher education, primarily through the Community Spirit Campaign. Since the campaign's inception in 1999, the foundation has distributed over $5 million to over 100 non-profit organizations in the community.
Official website here: www.wmvcf.org
What is the revenue of Wet Mtn Valley Community Foundation?
Wet Mtn Valley Community Foundation's revenue in 2023 was $632,158.
Official website here: www.wmvcf.org
Who are the executives of Wet Mtn Valley Community Foundation and what are their salaries?
There 10 volunteers at Wet Mtn Valley Community Foundation.
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.wmvcf.org
Where can I find the form 990 for Wet Mtn Valley Community Foundation?
Wet Mtn Valley Community Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.wmvcf.org
Learn more at the official website: www.wmvcf.org
Mission Statement of Wet Mtn Valley Community Foundation
Wet Mtn Valley Community Foundation is an organization that is dedicated to strengthening tax-exempt organizations and offering charitable giving options to donors. Their primary mission lies in providing community grants and supporting various community-based programs and services. By doing so, they aim to enhance the capabilities of existing organizations and provide donors with numerous charitable opportunities.
In essence, Wet Mtn Valley Community Foundation serves as a bridge between donors and non-profit organizations within the community. Through initiatives such as the Community Spirit Campaign, they offer matching gifts based on individual donations to tax-exempt organizations, thereby encouraging generous contributions. Furthermore, they award community service grants to non-profit agencies that support the community in various ways and provide scholarships for higher education.
Since the inception of the Community Spirit Campaign in 1999, the Wet Mtn Valley Community Foundation has distributed over $5 million to more than 100 non-profit organizations in Custer County. Their grants and gifts have supported a wide range of sectors, including arts, education, recreation, historic preservation, emergency services, healthcare, land conservation, and related fields of service. By offering these resources, the Wet Mtn Valley Community Foundation plays a crucial role in improving the well-being and development of the community.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
The impact of the Wet Mtn Valley Community Foundation can be seen through its support of community-based programs and services in Custer County. Through initiatives like the Community Spirit Campaign, the foundation has provided over $5 million in grants and gifts to more than 100 non-profit organizations since 1999. These funds have supported a wide range of areas, including the arts, education, recreation, historic preservation, emergency services, healthcare, and land conservation. By strengthening tax-exempt organizations and providing charitable giving options to donors, the foundation plays a vital role in enhancing the well-being of the community.
This information is meant to be a general summary of Wet Mtn Valley Community 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 2023.
- Investment Income: $22,319
- Program Service Revenue: $73,814
- Gross Receipts: $632,158
Assets and Liabilities:
- Total Assets: $1,699,936
- Total Liabilities: $1,325
- Net Assets: $1,698,611
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$73,814
Organization Details
Founding Year
1999
Principal Officer
Cathy Snow
Website
www.wmvcf.orgNTEE Category
Code: T31 - Philanthropy
If you are a representative of Wet Mtn Valley Community Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.