VERDIGRIS VALLEY COMMUNITY FOUNDATION INC
Mission Statement
The mission of the Verdigris Valley Community Foundation, LLC shall be to be a resource for improvement in the quality of life in the Verdigris Valley Community. We will receive, administer and disburse funds that address our interest and goals. Gifts and contributions will be received and invested. Income proceeds will be used for grants to qualified organizations and individuals. Qualified organizations and individuals are those within the meaning and spirit of Section 501 (c) (3) of the Internal Revenue code. We wish to reduce the burdens of government and provide support that the government cannot fiscally support.
Financial Overview — FY 2023
Compared with Peers
FY 2023| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
96.2% | 84.1% |
P10P90
|
Top quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
3.8% | 12.7% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
0.0% | 9.4% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
13.2 mo | 11.1 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
0.0% | 3.6% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
96.6% | 93.2% |
P10P90
|
Below median |
|
Revenue growth
Year over year revenue growth
|
6.4% | 7.5% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-8.7% | 13.2% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
6.6% | 2.7% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $285K | $266K | $292K | 96.2% | 0 |
| 2022 | $268K | $292K | $273K | 92.8% | 0 |
Donor Reviews
Write a ReviewBe the first to share your experience with this organization.