Overview
What is Teton Valley Foundation?
Teton Valley Foundation is a nonprofit organization situated in Victor, Idaho. Established with the mission of improving life in the Teton Valley area, the foundation carries out its mission through various recreational and cultural programs. One of its notable initiatives is the Music on Main concert series, which has grown from three shows in 2006 to eight free concerts each summer, attracting over 3,000 people. The event is sponsored by 25 organizations and supported by over 60 volunteers, ensuring it remains free for attendees who generously donate at the door. Unfortunately, due to the COVID-19 pandemic, the 2020 concert series was canceled, leading to the creation of a drive-in movie/concert event called Music on MainStream. With a staff of 21 individuals, the foundation is dedicated to fostering connections within the Teton Valley community and contributing to its local economy.
Official website here: www.tetonvalleyfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Teton Valley Foundation has been assigned a rating of two stars with an overall score of 73%. This rating indicates that while the organization is making efforts to fulfill its mission, there are significant areas that require improvement, particularly in transparency and financial management. The foundation performs well in accountability metrics, such as having 100% independent board members and a favorable liabilities to assets ratio of 17.60%.
Strengths of the Teton Valley Foundation include its high program expense ratio of 81.81%, reflecting a strong commitment to directing funds towards its programs rather than administrative costs. The organization has also established important policies, such as a conflict of interest policy, and maintains documentation of board meeting minutes. However, it falls short in several critical areas, including the absence of a whistleblower policy and a document retention policy, as well as not posting financial statements or tax forms on its website.
These gaps in documentation and policy may hinder stakeholder trust and engagement. Strengthening these areas could greatly enhance the foundation's overall rating and impact, ensuring that it meets the expectations of its donors and community.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Teton Valley Foundation?
92% of 24 reviewers on Facebook recommend Teton Valley Foundation. Here is a summary of their reviews: Many individuals appreciate the Foundation's vision, highlighting its initiative in supporting a future Olympic event that began in their local community. This sentiment reflects a strong sense of pride and enthusiasm for the impact the organization has in promoting local sports and culture.
Overall, the nonprofit is perceived positively for its innovative contributions to the area. Reviewers find the idea behind the organization to be brilliant, which suggests that community members trust and value the Foundation's efforts to foster athletic opportunities and events.
This AI summary has been generated from reviews found on Facebook.
Is Teton Valley Foundation legitimate?
Teton Valley Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Teton Valley 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: $68,087
Professional Fundraising Fees: $0
Other Salaries and Wages: $172,718
For more financial information, click here
Official website here: www.tetonvalleyfoundation.org
What is the mission statement of Teton Valley Foundation?
The Teton Valley Foundation's mission is to enhance the quality of life for both residents and visitors in their community. They achieve this by organizing recreational and cultural programs that foster a sense of unity and boost the local economy. One of their notable initiatives is the Music on Main concert series, which has grown to attract thousands of people each summer, providing a platform for diverse musical talents and serving as a community gathering spot. Due to the COVID-19 pandemic, the foundation had to cancel the concert series but managed to recoup lost revenue with a socially-distanced event called Music on MainStream. Overall, the foundation's activities aim to strengthen the community and showcase its unique offerings.
Official website here: www.tetonvalleyfoundation.org
Who is the CEO of Teton Valley Foundation?
Alex Seddon is the Executive Director of Teton Valley Foundation.
Official website here: www.tetonvalleyfoundation.org
What is the revenue of Teton Valley Foundation?
Teton Valley Foundation's revenue in 2022 was $740,573.
Official website here: www.tetonvalleyfoundation.org
Who are the executives of Teton Valley Foundation and what are their salaries?
The average compensation at Teton Valley Foundation during 2022 was $11,467. There are 21 employees and 618 volunteers at Teton Valley Foundation.
Here are 12 key members and their salaries:
- Compensation: $64,733
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- Other: $1,942
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
Official website here: www.tetonvalleyfoundation.org
Where can I find the form 990 for Teton Valley Foundation?
Teton Valley Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tetonvalleyfoundation.org
Learn more at the official website: www.tetonvalleyfoundation.org
Mission Statement of Teton Valley Foundation
Teton Valley Foundation, a nonprofit organization, aims to enhance the quality of life for local residents and visitors in an unspecified location, by organizing recreational and cultural events. Its mission is to create a sense of community and stimulate the local economy through these events. The foundation achieves this by hosting the Music on Main concert series, which started as a small event in 2006 and has grown to attract over 3,000 people each week during summer. The concerts are funded by sponsors and volunteers, ensuring they remain free and open to the public, who generously donate at the door. The Music on Main series is not just about the music, but also serves as a gathering place for community members and a draw for visitors, showcasing the best of the region. The COVID-19 pandemic forced the cancellation of the concert series in 2020, but Teton Valley Foundation responded with a drive-in movie and concert event, Music on MainStream, which helped recoup lost revenue and provide financial stability.
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Impact
July, 2024
Teton Valley Foundation's impact is significant in enhancing the quality of life in Teton Valley for both residents and visitors. Through its recreational and cultural programs, such as the renowned Music on Main concert series, the foundation creates vital community connections and boosts the local economy. Despite challenges like the COVID-19 pandemic, Teton Valley Foundation has shown resilience and adaptability by organizing innovative events like Music on MainStream, ensuring financial stability and continuing to enrich the community.
This information is meant to be a general summary of Teton Valley 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.
- Investment Income: $1,981
- Program Service Revenue: $410,876
- Gross Receipts: $742,194
Assets and Liabilities:
- Total Assets: $697,581
- Total Liabilities: $122,816
- Net Assets: $574,765
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Music On Main
Revenue
$133,665
Ice Rink
Revenue
$277,211
Organization Details
Founding Year
2005
Phone
(208) 534-9167Principal Officer
Alex Seddon
Main Address
PO Box 50, Victor, ID, 83455
NTEE Category
Code: T30 - Philanthropy
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