Overview
What is Vip Foundation Inc?
The Vip Foundation Inc, located in Scottsdale, Arizona, is a compassionate nonprofit organization committed to funding initiatives and programs that improve the lives of those in need. The foundation's efforts are primarily focused on enhancing the quality of life, promoting health and wellness, and fostering collaboration. Their contributions extend to public spaces, parks, trails, animal welfare, children's issues, education, food assistance, nutrition, health-related organizations, wellness, fitness, disease prevention and research, people experiencing health emergencies, civic organizations, the military, veterans, and other non-profits with a shared mission. Their mission, rooted in the acronym HEART (Hope, Embracing, Achieving, Raising, and Thriving), is driven by a passion to help those less fortunate in various critical areas. With a small yet dedicated workforce, the Vip Foundation Inc aims to make a lasting impact on the community.
Official website here: www.vfheart.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star Rating
Vip Foundation Inc has achieved a commendable Three-Star rating from Charity Navigator, reflecting a solid score of 79% in overall accountability and finance. This rating indicates that the organization demonstrates a good level of transparency and effective financial management practices. The high marks in various accountability categories suggest that the foundation follows best practices regarding governance and financial oversight.
The organization scored a perfect 10 out of 10 for the absence of material diversion of assets and maintains a strong conflict of interest policy. Additionally, it has established important practices such as a whistleblower policy and a comprehensive document retention strategy, showcasing a commitment to ethical operations and accountability. The program expense ratio of 69.48% indicates that a significant portion of its budget is directed toward its mission-related activities.
However, the overall score is based solely on the Accountability & Finance category, which means there are no additional beacons like Program Impact or Community Engagement factored in. While the financial health appears sound, the lack of an impact assessment may limit insights into the foundation's effectiveness in achieving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Vip Foundation Inc legitimate?
Vip Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vip 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: $23,609
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.vfheart.org
What is the mission statement of Vip Foundation Inc?
The Vip Foundation Inc was established with a compassionate goal to aid those less fortunate, focusing on various critical areas. The foundation's mission, often referred to as its passionate purpose, is centered around HOPE, EMBRACING, ACHIEving, RAISING, and THRIVing (HEART). The VIP Foundation supports numerous charitable activities, primarily focusing on smaller to mid-sized organizations. Through financial growth, fundraising activities, and community involvement, the foundation aims to positively impact the lives of those in need across various disciplines, aiming for a long-term impact.
Official website here: www.vfheart.org
Who is the CEO of Vip Foundation Inc?
Phil Shumway is the Executive Dir. of Vip Foundation Inc.
Official website here: www.vfheart.org
What is the revenue of Vip Foundation Inc?
Vip Foundation Inc's revenue in 2022 was $46,558.
Official website here: www.vfheart.org
Who are the executives of Vip Foundation Inc and what are their salaries?
The average compensation at Vip Foundation Inc during 2022 was $23,609. There is 1 employee and 250 volunteers at Vip Foundation Inc.
Here are 14 key members and their salaries:
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Official website here: www.vfheart.org
Where can I find the form 990 for Vip Foundation Inc?
Vip Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.vfheart.org
Learn more at the official website: www.vfheart.org
Mission Statement of Vip Foundation Inc
The Vip Foundation Inc, with a heartfelt mission, was established with a passion to aid those in need in various critical areas. The organization's purpose is to extend hope, embrace, achieve, raise, and thrive, always striving to make a lasting impact in the lives of the less fortunate. The Vip Foundation supports a multitude of charitable activities, primarily focusing on small to medium-sized charities. By fostering financial growth, engaging in active fundraising, and participating in community involvement, the foundation aims to touch the lives of numerous individuals in need across various disciplines, for years to come.
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Impact
August, 2024
Vip Foundation Inc's impact can be seen in its dedication to funding people, groups, organizations, and programs that address critical issues and improve the lives of others. The Foundation facilitates philanthropic contributions that support public spaces, parks, trails, the outdoors, animal welfare, children's issues, education, food assistance, nutrition, health-related organizations, wellness, fitness, disease prevention and research, as well as people experiencing health emergencies. By collaborating with civic organizations, the military, veterans, and other nonprofits with shared missions, Vip Foundation Inc plays a significant role in enhancing the quality of life and promoting health and wellness within the community. Through its commitment to philanthropy and community involvement, the Foundation aims to have a lasting impact on the lives of those in need across a wide spectrum of disciplines.
This information is meant to be a general summary of Vip 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: $42,568
- Gross Receipts: $77,970
Assets and Liabilities:
- Total Assets: $1,127,378
- Total Liabilities: $0
- Net Assets: $1,127,378
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Organization Details
Founding Year
2020
Phone
(602) 430-4905Principal Officer
Phil Shumway
Main Address
9221 E VIA DE VENTURA, SCOTTSDALE, AZ, 85258
Website
www.vfheart.orgNTEE Category
Code: T12 - Philanthropy
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