Eastern Shore Of Virginia Community Foundation
- Assets
- $491.4k
- Revenue
- $347.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Onley, VA
- Founding
- 09/2006
- Data as of
- 12/2022
- EIN
- 20-3651144
Organization Overview
Eastern Shore Of Virginia Community Foundation is located in Onley, VA. The organization was established in 2006. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eastern Shore Of Virginia Community Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Eastern Shore Of Virginia Community Foundation generated $347.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (10.3%) each year. All expenses for the organization totaled $530.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Eastern Shore Of Virginia Community Foundation has awarded 95 individual grants totaling $3,039,912. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO BENEFIT THE ES OF VA BY ENABLING DONORS TO MEET THEIR CHARITABLE GOALS THROUGH ENDOWED FUNDS AND EDUCATING DONORS CONCERNING EFFECTIVE PHILANTHROPY AND GRANT MAKING TO MEET EMERGING COMMUNITY NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO CREATE AND PROVIDE PHILANTHROPIC RESOURCES TO MEET A BROAD RANGE OF NEEDS FOR THE BENEFIT OF THE EASTERN SHORE OF VIRGINIA BY ENABLING DONORS TO MEET THEIR CHARITABLE GOALS THROUGH PRUDENTLY ADMINISTERED PERMANENTLY ENDOWED FUNDS; OFFERING A COMPREHENSIVE ARRAY OF SERVICES TO ENCOURAGE, ADVANCE AND EDUCATE DONORS CONCERNING EFFECTIVE PHILANTHROPY; AND MAKING CRITICAL GRANTS TO MEET CURRENT AND EMERGING COMMUNITY NEEDS AND OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie M Badger Executive Director | Officer | 30 | $35,000 |
Bruce D Holland Chair | OfficerTrustee | 1 | $0 |
Monika Bridgforth Treasurer | OfficerTrustee | 1 | $0 |
Roberta Newman Vice Chair | OfficerTrustee | 1 | $0 |
Robert Leatherbury Director | Trustee | 1 | $0 |
Chris Bott Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $271,117 |
| Government grants | $65,677 |
| All other contributions, gifts, grants, and similar amounts not included above | $42,983 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $379,777 |
| Total Program Service Revenue | $0 |
| Investment income | -$32,688 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $347,089 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $367,395 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $35,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,957 |
| Payroll taxes | $3,463 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,648 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,162 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,124 |
| Office expenses | $7,560 |
| Information technology | $299 |
| Royalties | $0 |
| Occupancy | $1,175 |
| Travel | $36,264 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $561 |
| All other expenses | $61,367 |
| Total functional expenses | $529,975 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,792 |
| Savings and temporary cash investments | $450,572 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $491,364 |
| Accounts payable and accrued expenses | $182 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $182 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $954,839 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | -$463,657 |
| Total liabilities and net assets/fund balances | $491,364 |
Grants Awarded
Over the last fiscal year, Eastern Shore Of Virginia Community Foundation has awarded $360,900 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
Onancock, VA PURPOSE: TO PROVIDE FUNDS FOR THE PURCHASE OF A NEW AMBULANCE | $50,000 |
Onancock, VA PURPOSE: TO PROVIDE FUNDS TOWARDS THE PURCHASE OF NEW OPTHAMOLOGICAL EQUIPMENT | $50,000 |
Chincoteague, VA PURPOSE: PROVIDE FUNDS FOR THE CONSTRUCTION OF AN ADMINISTRATIVE OFFICE | $50,000 |
CAPE CHARLES ROSENWALD RESTORATION INITIATIVE PURPOSE: PROVIDE FUNDS FOR ROOF REPLACEMENT | $50,000 |
Cape Charles, VA PURPOSE: TO PROVIDE FUNDS FOR MARKETING AND REBRANDING | $43,400 |
Cape Charles, VA PURPOSE: TO PROVIDE FUNDS FOR THEATRE UPGRADES | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Eastern Shore Of Virginia Community Foundation has recieved totaling $400.
| Awarding Organization | Amount |
|---|---|
J Kent Mcnew Family Foundation Annapolis, MD PURPOSE: COMMUNITY SUPPORT | $400 |
Endowment Analysis
| Beg. Balance | $505,160 |
| Earnings | -$32,696 |
| Admin Expense | $3,162 |
| Grants | $18,730 |
| Ending Balance | $450,572 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gary Sinise Foundation Nashville, TN | $79,715,180 | $58,070,139 |
Jefferson Scholars Foundation Charlottesville, VA | $761,742,846 | $36,629,374 |
The Pauley Family Foundation Richmond, VA | $2,022,061,315 | $1,899,350,410 |
College Foundation Of The University Of Virginia Charlottesville, VA | $252,362,262 | $51,045,128 |
Homefree Usa Inc Landover, MD | $5,280,798 | $17,895,333 |
Philanthropic Impact Foundation Nashville, TN | $919,847 | $18,241,201 |
University Of Louisville Real Estate Foundation Louisville, KY | $156,388,720 | $20,770,834 |
Aston Park Health Care Center Inc Asheville, NC | $17,105,214 | $12,530,764 |
James Family Charitable Foundation Charlottesville, VA | $171,150,056 | $16,638,935 |
Silver Valley Research Foundation Mclean, VA | $1,699,232 | $12,100,000 |
Helvetas Usa Washington, DC | $584,936 | $9,906,698 |
Asbury Foundation Inc Frederick, MD | $52,948,136 | $11,506,831 |