Vna Foundation

Providence, RIUnknown exempt organizationEIN 05-0491155

To raise, manage, and allocate funds to promote the delivery of quality home nursing and community based health care through the VNA of Rhode Island. The Organization fosters programs for the improvement of health and the prevention of illness.

16¢ of each $1 spent went to programs.
Run by 6 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Is it filing on time?
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 3 years is a concern.
IRS e-file · Filing history
Is it financially stable?
1 of 2
years in the black
Worth a look: 1 of the last 2 filings shows a deficit.
Pt I · Ln 19 · 2 filings
How much reaches the programs?
16%
of spending
Concern: 16% of spending went to programs; under 50% is a concern.
Pt IX · Ln 25 · col B
Do they carry debt?
$0
liabilities
No data yet: the filing does not give total assets.
Pt X · Ln 26
Who oversees it?
6
independent of 6 voting board members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$156K
+348% vs prior year
Spent
$702K
To programs
16%
Net assets
$0
By yearFY2020–FY2021
Revenue
$156K
FY2021▲ +348%
Revenue by fiscal year
FY2020$35K
FY2021$156K
Expenses
$702K
FY2021▲ ×50
Expenses by fiscal year
FY2020$14K
FY2021$702K
Net assets
$0
FY2021▼ -100%
Net assets by fiscal year
FY2020$1.5M
FY2021$0

From the FY2021 Form 990 (year ending September 2021) · see the original

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Status and standing

Is it real, and can you give to it?

Tax-deductible?
Not on file
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
No filing since FY2021 — 6 yrs
Legal name (IRS)Hdr · item CVna Foundation
EINHdr · item D05-0491155
Exempt statusHdr · item I501(c)(3) · active
Latest filingForm 990FY2021 · Form 990
Principal addressHdr · item CProvidence, RI
NTEE classificationIRS BMFNonprofit
WebsiteHdr · item Jvnari.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.16 Management & general $0.84
Program services16%$113K
Management & general84%$589K
Total functional expensesLn 25$702K

Financial health

Is it on solid ground?

Surplus margin
-350%
revenue over expenses, this year▼ -685% vs prior filing year
Program spending
16%
of expenses reach programs

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$0
FY2021▼ -100%
Total assets by fiscal year
FY2020$1.5M
FY2021$0
Total liabilities
$0
FY2021
Total liabilities by fiscal year
FY2020$0
FY2021$0
Revenue less expensesPt I · Ln 19−$546K
Total assetsPt X · Ln 16$0
Program-expense ratioPt IX · col B16%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46

Balance Sheet

Part X · end of year
CashLn 1—
Total assetsLn 16$0
Total liabilitiesLn 26$0
Total net assetsLn 32$0

Statement of Revenue

Part VIII
Investment income$126K · 81%
Contributions & grants$30K · 19%
Investment income81%$126K
Contributions & grants19%$30K
Total revenueLn 12$156K

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves — · Operating expenses/yr $702K
Highly liquid reserves (cash & marketable securities on Pt X) ÷ monthly operating expenses (Pt IX total, less non-cash grants & depreciation when reported).
Where the money goes
Program services
Program services $113K · Total expenses $702K
16%
Management & General
Management & general $589K · Total expenses $702K
84%
Fundraising
Fundraising $0 · Total expenses $702K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $32K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $30K · Total revenue $156K
19%
Government reliance
Government grants — · Total revenue $156K
—
Earned-income share
Program service revenue $0 · Total revenue $156K
0%
Investment reliance
Investment income $126K · Total revenue $156K
+81%
Program self-sufficiency
Program service revenue $0 · Total expenses $702K
0%
Growth & trend
Revenue growth (YoY)
This year $156K · Prior year $35K
+348%
Net-asset trend (YoY)
End of year $0 · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $156K · Expenses $702K
-350%
Liabilities-to-Assets
Total liabilities — · Total assets $0
—
Net-asset ratio
Net assets $0 · Total assets $0
—
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $0
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Arthur Schacht · Reported title Chairman · Highest reported compensation $0 · Total expenses $702K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $702K
—
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 16%——
Overhead ratio 84%——
Fundraising cost ratio 0%——
Revenue growth 348%——
Legal fee ratio 8%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Vna Foundation executive salaries →

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Governance & Policies

Part VI
  • 6Voting board membersPt VI · Ln 1a
  • 6Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Funds home nursing and community health programs to improve and prevent illness.

Provided by the organization

This section is blank until Vna Foundation claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $113K of program spending, described in the organization's own filed words · FY2020.
01

To promote the charitable, scientific, and educational purposes of the VNA of Rhode Island and its affiliates.

$113Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $113K · 2020–2020
Bank of America Trust OperationsFY2020$112,717

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2021 Latest Viewing $156K$702K+348% 990 PDF
FY2020 $35K$14K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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