Overview
What is The Valley Community Foundation Inc?
The Valley Community Foundation Inc, located at 253-A Elizabeth Street, Derby, CT 06418, is a nonprofit organization committed to improving the livability and workability of the Valley area. Their mission is to intertwine private philanthropy with the long-term public good of the region, achieving this goal by funding programs and services that foster civic vitality. With a team of five dedicated employees, they work tirelessly to contribute to the Valley's betterment, both in the present and for future generations.
Official website here: www.valleyfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%
The Valley Community Foundation Inc boasts an impressive Four-Star out of Four Star rating from Charity Navigator, reflecting its perfect score in Accountability & Finance. This rating highlights the organization's strong governance, including a fully independent board and thorough financial oversight. The foundation's financial health is also notable, with an outstanding program expense ratio of 87.90% and minimal liabilities compared to its assets.
User feedback reinforces this positive picture, with a volunteer praising the foundation's role in enhancing philanthropy within the Naugatuck Valley towns. The foundation, established in 2004, is recognized for its effective coordination of charitable efforts in the communities it serves, indicating a strong local impact.
While the ratings and reviews are overwhelmingly positive, no limitations or criticisms were noted in the available data. This suggests that The Valley Community Foundation Inc operates effectively and is well-regarded by both evaluators and volunteers alike.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is The Valley Community Foundation Inc legitimate?
The Valley Community Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Valley Community 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $196,894
Professional Fundraising Fees: $0
Other Salaries and Wages: $275,681
For more financial information, click here
Official website here: www.valleyfoundation.org
What is the mission statement of The Valley Community Foundation Inc?
The Valley Community Foundation Inc's mission is to enhance the quality of life and work in a given area, aiming for lasting improvements in the future. They accomplish this by bridging the gap between private philanthropy and the long-term public welfare of the community. Specifically, they provide financial support for programs and services that foster civic vitality, contributing to a stronger, more engaged community. This mission is aimed at creating a better living environment both currently and in the future.
Official website here: www.valleyfoundation.org
Who is the CEO of The Valley Community Foundation Inc?
Sharon L Closius is the Director of The Valley Community Foundation Inc. The CEO's salary of The Valley Community Foundation Inc is $177,920 and their total compensation is $200,144.
Official website here: www.valleyfoundation.org
What is the revenue of The Valley Community Foundation Inc?
The Valley Community Foundation Inc's revenue in 2022 was $5,116,843.
Official website here: www.valleyfoundation.org
Who are the executives of The Valley Community Foundation Inc and what are their salaries?
The average compensation at The Valley Community Foundation Inc during 2022 was $94,515. There are 5 employees at The Valley Community Foundation Inc.
Here are 17 key members and their salaries (The Valley Community Foundation Inc's CEO's salary is $177,920 and their total compensation is $200,144):
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- Related: $331,651
- Other: $43,496
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- Related: $194,030
- Other: $31,783
- Compensation: $177,920
- Related: $0
- Other: $22,224
Official website here: www.valleyfoundation.org
Where can I find the form 990 for The Valley Community Foundation Inc?
The Valley Community Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.valleyfoundation.org
Learn more at the official website: www.valleyfoundation.org
Mission Statement of The Valley Community Foundation Inc
The Valley Community Foundation Inc is dedicated to enhancing the quality of life in its community, aiming to make it a better place to live and work, both currently and in the future. They accomplish this by bridging the gap between private philanthropy and the long-term public good of the valley. Specifically, they focus on supporting programs and services that foster civic vitality. This could involve funding initiatives that promote community engagement, encourage participation in local affairs, and enhance the overall sense of social cohesion. By doing so, The Valley Community Foundation Inc contributes to a more vibrant and resilient community, ensuring a better future for all its residents.
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Impact
July, 2024
The Valley Community Foundation Inc plays a crucial role in enhancing the quality of life in the Valley region of Connecticut. By connecting private philanthropy to the long-term public good of the area, the foundation empowers community organizations and initiatives that promote civic vitality. Through strategic grants and support programs, The Valley Community Foundation works to make the Valley a better place to live and work, both now and in the future. Their impact resonates across Derby and the surrounding areas, fostering a stronger and more vibrant community for all.
This information is meant to be a general summary of The Valley Community 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: $1,895,761
- Gross Receipts: $5,116,843
Assets and Liabilities:
- Total Assets: $31,974,412
- Total Liabilities: $159,243
- Net Assets: $31,815,169
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Organization Details
Founding Year
2004
Phone
(203) 751-9162Principal Officer
Sharon L Closius
Main Address
253-A ELIZABETH STREET, DERBY, CT, 06418
Website
www.valleyfoundation.orgNTEE Category
Code: T30 - Philanthropy
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