Overview
What is Lehigh Valley Community Foundation?
The Lehigh Valley Community Foundation is a philanthropic organization based in Allentown, Pennsylvania. During fiscal year 2022, they distributed over $6.8 million in grants to 375 local non-profits, addressing a wide range of community needs. Their grantmaking platform supports three focus areas: capacity building, youth and families, and art, culture, and creative economy. The foundation's community leadership initiative aims to unite people, institutions, and resources to improve the future for everyone and produce significant, lasting results. In the capacity building area, they provide unrestricted grants to strengthen local non-profits for long-term sustainability. In the youth and families sector, they offer general operating grants for organizations prioritizing mental health needs or youth leadership development. The foundation also acts as a regional partner agency of the Pennsylvania Council on the Arts to distribute grant awards for arts and cultural projects. They provide funding for programs and businesses through their Creative Entrepreneur Accelerator Program. In addition to their grantmaking activities, the foundation offers various philanthropic giving opportunities and makes grants to a wide variety of charitable organizations throughout the region. Their expertise and knowledge are continuously enhanced through ongoing efforts, including community initiatives, events, and cross-sector information gathering.
Official website here: www.lvcfoundation.org
Is Lehigh Valley Community Foundation legitimate?
Lehigh Valley Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lehigh Valley Community 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.
Here are some key statistics you may want to consider:
Executive Compensation: $342,865
Professional Fundraising Fees: $0
Other Salaries and Wages: $395,602
For more financial information, click here
Official website here: www.lvcfoundation.org
What is the mission statement of Lehigh Valley Community Foundation?
The Lehigh Valley Community Foundation is dedicated to distributing philanthropic donations to enhance the quality of life for residents within the community. Its purpose involves managing and dispensing the philanthropy of various donors, focusing on areas such as capacity building, youth and families, and art, culture, and creative economy. The foundation's grantmaking platform fosters community leadership, which aims to create a better future for everyone by addressing critical challenges and pursuing the community's greatest opportunities. In fiscal year 2022, the foundation made over 762 grants amounting to more than $6.8 million, supporting over 375 nonprofit organizations. The foundation's initiatives include the Nonprofit Effectiveness Program, which strengthens local organizations to ensure their sustainability, and grants to various charitable organizations throughout the region.
Official website here: www.lvcfoundation.org
Who is the CEO of Lehigh Valley Community Foundation?
Erika Petrozelli is the Chair of Lehigh Valley Community Foundation. The CEO's salary of Lehigh Valley Community Foundation is $129,292 and their total compensation is $137,093.
Official website here: www.lvcfoundation.org
What is the revenue of Lehigh Valley Community Foundation?
Lehigh Valley Community Foundation's revenue in 2022 was $13,559,783.
Official website here: www.lvcfoundation.org
Who are the executives of Lehigh Valley Community Foundation and what are their salaries?
The average compensation at Lehigh Valley Community Foundation during 2022 was $52,748. There are 14 employees and 72 volunteers at Lehigh Valley Community Foundation.
Here are 21 key members and their salaries (Lehigh Valley Community Foundation's CEO's salary is $129,292 and their total compensation is $137,093):
- Erika Petrozelli Cpa (Ceo Thru 12/2021; President & Ceo)
- Trisha Higgins Cpa (Vice President & Cfo)
- Bernard Story (Pres Thru 12/31/21; Philanthropic Advisor)
- Sandra Bodnyk (Chair) [Trustee/Director]
- Anne M Reid Cpa (Vice Chair & Treasurer) [Trustee/Director]
- Antonia Grifo Esq (Secretary) [Trustee/Director]
- Geoffrey Borda Cpa Cva (Governor) [Trustee/Director]
- Monica Brooks (Governor) [Trustee/Director]
- Luis Campos (Governor) [Trustee/Director]
- Veronica Gonzalez Mba (Governor) [Trustee/Director]
- Thomas Groves (Governor) [Trustee/Director]
- Margaretha Haeussler (Governor) [Trustee/Director]
- Charlotte Hartmann-Hansen (Governor) [Trustee/Director]
- Jennifer L Mann (Governor) [Trustee/Director]
- Elizabeth Marcon Esq (Governor) [Trustee/Director]
- R Nicholas Nanovic Esq (Governor) [Trustee/Director]
- Greg Ramos (Governor) [Trustee/Director]
- Sybil Stershic (Governor) [Trustee/Director]
- Melinda Stumpf (Governor) [Trustee/Director]
- Robert L Wax Esq (Governor As Of January) [Trustee/Director]
- Kerry A Wrobel (Governor) [Trustee/Director]
Official website here: www.lvcfoundation.org
Where can I find the form 990 for Lehigh Valley Community Foundation?
The Lehigh Valley Community Foundation’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.lvcfoundation.org
Learn more at the official website: www.lvcfoundation.org
Mission Statement of Lehigh Valley Community Foundation
Lehigh Valley Community Foundation, a philanthropic organization, is dedicated to enhancing the lives of residents by managing and distributing donations from a diverse range of donors. With a mission to develop, manage, and distribute philanthropy, the Foundation strives to improve the quality of life in the community.
In the 2022 fiscal year, Lehigh Valley Community Foundation made 762 grants, totaling over $6.8 million. These grants supported over 375 non-profit organizations, addressing a wide range of needs in the community. The Foundation formalized its grantmaking platform, which focuses on capacity building, youth and families, and art, culture, and the creative economy. Community leadership is a crucial aspect of this platform, which involves collaborating with community partners to create a better future for all.
In the capacity building area, the Foundation's Nonprofit Effectiveness Program continues to be a leading effort aimed at nonprofit sustainability. Through this program, the Foundation provided $164,000 of unrestricted grants, working diligently to strengthen critically important nonprofit organizations, enabling them to thrive and remain impactful for years to come. The Foundation's comprehensive approach to gauge and improve effectiveness was used in collaboration with several nonprofit organizations, and financial and intellectual support was provided to those selected to participate in the program.
In the youth and families focus area, the Foundation granted over $185,000 in general operating grants to organizations serving these groups. These flexible funding grants supported organizations prioritizing mental health needs in young people or focusing on youth leadership development. The Foundation also assumed the role of a regional partner agency of the Pennsylvania Council on the Arts (PCA) to distribute grant awards for projects or programs involving artists throughout the region.
Additionally, the Foundation made grants to various charitable organizations throughout the region, offering a variety of philanthropic giving opportunities to multiple types of donors. By promoting collaboration in the community and serving as a center of expertise regarding charitable giving and community knowledge, the Foundation continues to connect donors with causes that matter to them.
Impact
This information is meant to be a general summary of Lehigh Valley Community Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Lehigh Valley Community Foundation plays a vital role in improving the quality of life for residents of the Lehigh Valley. In fiscal year 2022, the foundation distributed over $6.8 million through 762 grants to more than 375 nonprofit organizations. The foundation focuses on capacity building, youth and families, and art, culture, and the creative economy. They prioritize community leadership, aiming to unite people, institutions, and resources to address critical challenges and create a better future for all.
In the area of capacity building, the foundation's effectiveness program supports sustainability efforts for nonprofit organizations, providing $164,000 in unrestricted grants in fiscal year 2022. Through this program, the foundation offers financial and intellectual support to strengthen organizations for long-term impact.
For youth and families, the foundation granted over $185,000 in general operating grants to nonprofits serving these groups, with a focus on mental health needs and youth leadership development. Additionally, as a regional partner agency of the Pennsylvania Council on the Arts, the foundation distributed grant awards to promote equitable access to arts and culture in the region.
Furthermore, the foundation serves as a hub for philanthropic giving opportunities for various donors, connecting them with causes that matter to them. They also enhance community knowledge and expertise through ongoing efforts, such as engaging with charitable organizations, participating in community initiatives, and hosting events to promote collaboration and understanding in the community.
By actively supporting nonprofits, promoting community collaboration, and fostering philanthropic giving, Lehigh Valley Community Foundation makes a lasting impact on the well-being and vibrancy of the Lehigh Valley.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE FEES
Revenue
$1,990
Organization Details
Founding Year
1967
Phone
(610) 351-5353
Principal Officer
Erika Petrozelli
Main Address
840 W HAMILTON STREET SUITE 310, ALLENTOWN, PA, 181012456
Website
www.lvcfoundation.org
NTEE Category
Code: T31Z - Philanthropy
If you are a representative of Lehigh Valley Community Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.