GOVA FOUNDATION
CARY, NC | Wake County
Community Services
Overview
GOVA FOUNDATION
93-4855398
111 COMMONWEALTH CT STE 101
CARY, NC 27511
Wake County
CARY, NC 27511
Wake County
(833) 825-6261
info@govafoundation.org
Mission Statement
THE GOVA FOUNDATION IS DEDICATED TO EMPOWERING UNDERSERVED MILITARY COMMUNITIES THROUGH A COMPREHENSIVE APPROACH TO FINANCIAL EDUCATION AND SUPPORT. INSPIRED BY THE COMMUNITY REINVESTMENT ACT (CRA) PROGRAM, WE ARE COMMITTED TO FOSTERING FINANCIAL LITERACY AND PROVIDING ACCESSIBLE FINANCIAL PRODUCTS AND SERVICES TO THOSE WHO HAVE SERVED OUR NATION. OUR MISSION IS TO BRIDGE THE FINANCIAL KNOWLEDGE GAP BY OFFERING TAILORED EDUCATION PROGRAMS, FOCUSING ON THE UNIQUE NEEDS OF MILITARY FAMILIES. BY PREPARING AND ORGANIZING RESOURCES, WE AIM TO CREATE A SUPPORTIVE ENVIRONMENT THAT ENSURES EVERY MEMBER OF OUR MILITARY COMMUNITY CAN ACCESS A DIVERSE RANGE OF FINANCIAL TOOLS AND COURSES, ULTIMATELY ENHANCING THEIR FINANCIAL WELL-BEING AND SECURITY.
CRA Category
- Community Services
Nonprofit location
- LMI Census Tract
- Opportunity Zone
Awards & Certifications
- This nonprofit has not received any CRA awards or certifications.
Founded
2023
Total Employees
7
Total Volunteers
1
Nonprofit Classification (NTEE Code)
W30
W - Public, Society Benefit
Military & Veterans Organizations
Membership organizations that are engaged in promoting the interests of the veterans or active or retired military personnel who are their members.
IRS Activity Codes
-
Not reported
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code)
813410
Civic and Social Organizations
Targeted Clients
- Economically Disadvantaged
- Entrepreneurs
- Families
- First-Time Homebuyers
- People Needing Credit Counseling
- Job Seekers
- Military
- Small Businesses
- Veterans
CRA Income Characteristics
- Low-Income
- Moderate-Income
CRA Alignment
CRA Category
Community Services
Social services and other support for low- and moderate-income, homeless or at-risk individuals.
85%
Percent LMI Served
as reported by the nonprofit
What does it mean for a nonprofit to be CRA aligned?
Each nonprofit on Community Qualifier has been reviewed by findCRA utilizing a dual evaluation process. Nonprofits are first evaluated by our proprietary algorithm, CRANIA, and
then further validated by our CRA experts. When nonprofit passes both parts of this review, we create a nonprofit profile for them on Community Qualifier. From there, a nonprofit can claim their profile and add additional information including their programs & services, counties served, targeted clients and income groups and more.
LOWHIGH
LOWHIGH
LOWHIGH
LOWHIGH
Programs & Services
Financial Literacy
Invest in scholarships for LMI military members to gain free access to The Edge, our digital membership platform with interactive financial tools. GoVA works with you to target military-affiliated individuals living in your bank's assessment area, expanding the reach and impact of your CRA activities. Our robust reporting metrics provide quantifiable CRA impact data for your exams.
Targeted Clients
- Economically Disadvantaged
- Entrepreneurs
- Families
- First-Time Homebuyers
- People needing Credit Counseling
- Job Seekers
- Military
- Small Businesses
- Veterans
CRA Income Characteristics
- Low-Income
- Moderate-Income
Affordable Housing
Assist with VA Loans and closing cost assistance for LMI military members. GoVA Foundation educates on the VA Loan process, with personalized guidance from our Concierge Center. Banks offer closing cost support programs for VA Loan applicants in LMI communities.
Targeted Clients
- Economically Disadvantaged
- Entrepreneurs
- Families
- First-Time Homebuyers
- People needing Credit Counseling
- Job Seekers
- Military
- Small Businesses
- Veterans
CRA Income Characteristics
- Low-Income
- Moderate-Income
Small Business Loans
GoVA can connect your bank with Veteran- and military spouse-owned small businesses within the bank's assessment areas, particularly in LMI communities. By leveraging our network of military community relationships, we help your bank reach underserved entrepreneurs in your assessment area and improve the community by driving job creation, promoting economic growth, and increasing community development lending.
Targeted Clients
- Economically Disadvantaged
- Entrepreneurs
- People needing Credit Counseling
- Military
- Small Businesses
- Veterans
CRA Income Characteristics
- Low-Income
- Moderate-Income
Service Opportunities for Bank Employees
GoVA can help coordinate financial education workshops for the LMI military community. Bank employees can leverage their expertise, enhancing the bank's Services Test performance. With customized follow-up materials on The Edge, the educational impact is optimized and can be measured over time.
Targeted Clients
- Entrepreneurs
- Families
- First-Time Homebuyers
- People needing Credit Counseling
- Job Seekers
- Military
- Small Businesses
- Veterans
CRA Income Characteristics
- Low-Income
- Moderate-Income
Awards & Certifications
Community Development Financial Institution
Community Development Financial Institution Award Recipient
New Market Tax Credit Recipient
HUD Counseling Agency
Low Income Housing Tax Credit Recipient
IRS Summary
Income
-
Revenue
-
Assets
-
Not reported by IRS.
The income, revenue, and assets information was not included on this nonprofit's most recent tax filing or the nonprofit has not yet filed its first tax return.
IRS Business Master File Details
As of December 2024
Exempt Ruling Date
2024-05
Deductibility Status
Deductible
Last Tax Filing
Not required to file by IRS
Organization Type
Corporation
Organization Tax Filing Status
990 - Not required to file (all other)
Foundation Tax Filing Status
990-PF required by IRS
Affiliation Classification
Independent Organization
Basis for Foundation/Public Charity Status
Private non-operating foundation
IRS Publication 78 Details
As of December 2024
Verified in Publication 78
Yes
Deductibility Limitation
30% (generally)
Organization Description
A private foundation
IRS Form 990 Returns
Through December 2024
No IRS 990 returns are available for this nonprofit.
Nonprofit Location
Physical Address
111 COMMONWEALTH CT STE 101
CARY, NC 27511
Wake County
CARY, NC 27511
Wake County
Area Type
Metropolitan Statistical Area
FIPS Geocoded Address
39580
MSA/MD
37
State
183
County
0535.19
Tract
Moderate
Income Level
Core-Based Statistical Area
39580 - Raleigh-Cary, NC
Combined Statistical Area
450 - Raleigh-Durham-Cary, NC
Metropolitan Division
Not located in an MD.
Located In
Low- or Moderate-Income Census Tract
Opportunity Zone
Majority Minority Census Tract
44.33%
FFIEC Distressed Census Tract
FFIEC Underserved Census Tract
Geographies Served
- AL - All Counties
- AK - All Geographies
- AZ - All Counties
- AR - All Counties
- CA - All Counties
- CO - All Counties
- CT - All Counties
- DE - All Counties
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- VA - All Counties & Cities
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Market Data
| Census Tract | County | |
|---|---|---|
| 0535.19 | Wake County | |
| Population | ||
| Total Population | 3,954 | 1,132,103 |
| Total Households | 1,785 | 430,497 |
| Income | ||
| Median Income* | $75,750 | $96,734 |
| Median Family Income (2024 FFIEC est.) | $122,300 | $122,300 |
| Tract Income Percentage | 78.14% | N/A |
| Below Poverty Level | 10.9% | 8.2% |
| Unemployment Level | 3.3% | 4.2% |
| Housing | ||
| Total Housing Units | 1,918 | 466,760 |
| Total Owner-Occupied Units | 41.9% | 64.3% |
| Total Renter-Occupied Units | 51.2% | 35.7% |
| Total Vacant Units | 6.9% | 9.7% |
* Census Tract Median Income based on 2020 Tract Median Family Income as reported in the 2024 FFIEC Census Flat File. County Income based on Median Household Income as reported in the 2022 American Community Survey.
Management
Not reported
Total Voting Members
in Governing Body
in Governing Body
Not reported
Independent Voting Members
in Governing Body
in Governing Body
Tax Filing Signatory
Not reported by nonprofit.
Principal Officer
Not reported by nonprofit.
findCRA Profile Owner
Lizann Lightfoot
Director of Marketing and Content
lizann.lightfoot@mygova.com
Director of Marketing and Content
lizann.lightfoot@mygova.com
Key Policies & Documents
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Whistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grand Audit Performed
Organization Activities
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations
Information in this section is not available as the nonprofit did not e-file their tax return. As such, the hyphens (“-“) in this section indicate that the information was not available.
PDFs of this nonprofit's tax filings are included in the IRS Summary section above, when available from the IRS.
This Nonprofit Profile was created using data available from publicly available government and industry sources, our own research, and information provided directly the nonprofit organization. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit help.findcra.com.
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