Lehigh Valley Community Foundation is located in Allentown, PA. The organization was established in 1993. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2021, Lehigh Valley Community Foundation employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lehigh Valley 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 06/2021, Lehigh Valley Community Foundation generated $16.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $7.0m during the year ending 06/2021. While expenses have increased by 7.9% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Lehigh Valley Community Foundation has awarded 767 individual grants totaling $29,708,405. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO DISTRIBUTE PHILANTHROPIC DONATIONS TO IMPROVE QUALITY OF LIFE FOR LEHIGH VALLEY RESIDENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING FISCAL YEAR 2021, THE FOUNDATION MADE 753 GRANTS TOTALING OVER $5.6 MILLION. OVER 350 NON-PROFIT ORGANIZATIONS RECEIVED GRANTS IN THE AREAS OF THE ARTS AND CULTURE, HISTORY AND HERITAGE, EDUCATION, COMMUNITY DEVELOPMENT, ENVIRONMENT AND SCIENCE, HEALTH CARE AND HUMAN SERVICES. FOUNDATION-DIRECTED GRANTMAKING EFFORTS WERE STRATEGICALLY AIMED AT CAPACITY BUILDING IN THE NONPROFIT SECTOR AND BUILDING KEY RELATIONSHIPS AND TRANSFORMING PROGRESS IN THE UNDERSTANDING, AWARENESS, AND KNOWLEDGE OF RACIAL EQUITY. SEE CONTINUATION ON SCHEDULE OTHE FOUNDATION'S NONPROFIT EFFECTIVENESS PROGRAM CONTINUED TO EVOLVE INTO A COMMUNITY-LEADING EFFORT AIMED AT NONPROFIT SUSTAINABILITY. STAFF AND COMMUNITY PARTICIPANTS WORKED DILIGENTLY TO FIND BEST APPROACHES TO STRENGTHENING OUR COMMUNITY'S CRITICALLY IMPORTANT NONPROFIT ORGANIZATIONS. IN FISCAL YEAR 2021, LVCF PROVIDED $167,250 OF GRANTS TO STRENGTHEN GOVERNANCE, MANAGEMENT, AND OPERATIONS OF NONPROFIT ORGANIZATIONS SO THEY CAN PROSPER AND BE IMPACTFUL FOR YEARS TO COME. IN WORKING WITH SEVERAL NONPROFIT ORGANIZATIONS, A COMPREHENSIVE APPROACH TO GAUGE AND IMPROVE EFFECTIVENESS WAS USED, AND THE FOUNDATION PROVIDED FINANCIAL AND INTELLECTUAL SUPPORT FOR THOSE SELECTED TO PARTICIPATE IN THE PROGRAM. THIRD PARTY CONSULTANTS WERE ENGAGED TO PROVIDE EXPERTISE IN KEY AREAS OF EFFECTIVENESS AND THE FOUNDATION HOSTED SEVERAL COMMUNITY OF PRACTICE EVENTS AND FOCUS GROUP DISCUSSIONS. IN RESPONSE TO THE IMPACT OF THE PANDEMIC AND SOCIAL UPRISINGS ON THE SOCIAL SECTOR IN THE LEHIGH VALLEY, LVCF PARTNERED WITH OTHER COMMUNITY LEADERS TO LAUNCH PROJECT EQUITY, AN INITIATIVE TO BRING TOGETHER 35 SOCIAL SECTOR STAKEHOLDERS TO HOLD SPACE TO CONSIDER HOW MIGHT WE CREATE A MORE EQUITABLE, SUSTAINABLE NONPROFIT SECTOR TOGETHER, ACROSS DIFFERENCE. IN ADDITION TO FOUNDATION-DIRECTED GRANTMAKING AND COMMUNITY EFFORTS, THE FOUNDATION OFFERS A VARIETY OF PHILANTHROPIC GIVING OPPORTUNITIES TO MULTIPLE TYPES OF DONORS AND MAKES GRANTS TO A WIDE VARIETY OF CHARITABLE ORGANIZATIONS THROUGHOUT THE REGION. IN ORDER TO CONNECT DONORS WITH CAUSES THAT MATTER TO THEM, THE FOUNDATION CONTINUES TO PROMOTE COLLABORATION IN THE COMMUNITY AND TO SERVE AS A CENTER OF EXPERTISE REGARDING CHARITABLE GIVING AND COMMUNITY KNOWLEDGE. THE FOUNDATION'S COMMUNITY KNOWLEDGE AND EXPERTISE IS CONTINUALLY ENHANCED THROUGH SEVERAL ONGOING EFFORTS. THESE EFFORTS INCLUDE: MEETINGS WITH LEADERSHIP OF CHARITABLE ORGANIZATIONS TO HELP GATHER IMPORTANT INFORMATION ABOUT THE VARIETY AND QUALITY OF CHARITABLE CAUSES AND NEEDS ACROSS THE REGION; PARTICIPATION IN COMMUNITY INITIATIVES; HOSTING EVENTS AND CONVENING COMMUNITY-WIDE DISCUSSIONS ABOUT PHILANTHROPY AND CROSS-SECTOR INFORMATION GATHERING; WORKING WITH AREA GRANTMAKING ORGANIZATIONS TO ASSESS COMMUNITY NEEDS AND DEVELOP WAYS TO WORK COLLEGIALLY AS GRANTMAKERS IN THE COMMUNITY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Bernard Story Pres & CEO Thru 12/31/20; President Thru 6/30/21 | Officer | 40 | $123,803 |
Trisha Higgins Vice President & CFO | Officer | 40 | $104,076 |
Erika Petrozelli CEO 1/2021; President & CEO 7/1/21 | Officer | 40 | $79,953 |
Sandra Bodnyk Chair As Of November | OfficerTrustee | 2.5 | $0 |
Antonia Grifo Secretary | OfficerTrustee | 1.3 | $0 |
Anne M Reid Vice Chair & Treasurer As Of Nov | OfficerTrustee | 2.5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $427,572 |
All other contributions, gifts, grants, and similar amounts not included above | $12,567,031 |
Noncash contributions included in lines 1a–1f | $1,699,802 |
Total Revenue from Contributions, Gifts, Grants & Similar | $12,994,603 |
Total Program Service Revenue | $797 |
Investment income | $1,401,151 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $2,526,485 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $16,923,036 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $5,573,719 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $9,000 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $355,385 |
Compensation of current officers, directors, key employees. | $153,425 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $315,052 |
Pension plan accruals and contributions | $13,111 |
Other employee benefits | $47,772 |
Payroll taxes | $50,986 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $18,600 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $373,293 |
Fees for services: Other | $80,525 |
Advertising and promotion | $18,983 |
Office expenses | $15,129 |
Information technology | $49,443 |
Royalties | $0 |
Occupancy | $69,929 |
Travel | $225 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $5,578 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,871 |
Insurance | $3,708 |
All other expenses | $8,284 |
Total functional expenses | $7,010,593 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $5,698,211 |
Pledges and grants receivable | $1,108 |
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 | $29,130 |
Net Land, buildings, and equipment | $2,185 |
Investments—publicly traded securities | $74,288,750 |
Investments—other securities | $429,204 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $298,825 |
Total assets | $80,747,413 |
Accounts payable and accrued expenses | $35,424 |
Grants payable | $234,018 |
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 | $401,886 |
Total liabilities | $671,328 |
Net assets without donor restrictions | $80,048,767 |
Net assets with donor restrictions | $27,318 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $80,747,413 |
Over the last fiscal year, Lehigh Valley Community Foundation has awarded $5,187,477 in support to 119 organizations.
Grant Recipient | Amount |
---|---|
Allentown, PA PURPOSE: HEALTH CARE | $1,138,718 |
Allentown, PA PURPOSE: EDUCATIONAL | $438,470 |
Allentown, PA PURPOSE: COMMUNITY DEVELOPMENT | $431,668 |
Allentown, PA PURPOSE: ARTS, CULTURE | $196,370 |
Schnecksville, PA PURPOSE: COMMUNITY DEVELOPMENT | $189,184 |
Bethlehem, PA PURPOSE: HUMAN SERVICES | $118,308 |
Over the last fiscal year, we have identified 7 grants that Lehigh Valley Community Foundation has recieved totaling $4,217,516.
Awarding Organization | Amount |
---|---|
Century Fund Trust Allentown, PA PURPOSE: CHARITABLE | $3,500,000 |
Fleming Foundation Zionsville, PA PURPOSE: CONTRIBUTION TO DONOR ADVISED FUND | $600,000 |
United Way Of The Greater Lehigh Valley Allentown, PA PURPOSE: DONOR DESIGNATED FOR GENERAL SUPPORT | $65,691 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $26,000 |
Brown-Daub Foundation Nazareth, PA PURPOSE: CHARITABLE | $15,000 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $10,775 |
Beg. Balance | $46,769,026 |
Earnings | $14,199,670 |
Admin Expense | $540,880 |
Net Contributions | $1,196,826 |
Other Expense | $413,682 |
Grants | $1,697,762 |
Ending Balance | $59,513,198 |
Organization Name | Assets | Revenue |
---|---|---|
Lancaster County Community Foundation Lancaster, PA | $92,463,036 | $19,491,842 |
Community Foundations Of The Hudson Valley Poughkeepsie, NY | $96,104,226 | $20,607,422 |
Stark Community Foundation Inc Canton, OH | $373,666,840 | $68,744,620 |
Greater Kanawha Valley Foundation Charleston, WV | $329,426,372 | $27,972,481 |
Community Foundation Of Herkimer And Oneida Counties Inc Utica, NY | $207,402,752 | $30,922,448 |
Community Foundation Of Greater Johnstown Johnstown, PA | $89,313,800 | $19,729,908 |
Community Foundation Of Frederick County Maryland Incorporated Frederick, MD | $137,281,850 | $16,443,346 |
The Community Foundation For The Greater Capital Region Inc Albany, NY | $120,227,075 | $24,885,752 |
Community Foundation Of Western Pennsylvania And Eastern Ohio Sharon, PA | $123,167,161 | $16,344,885 |
York County Community Foundation York, PA | $208,424,639 | $17,313,520 |
Community Foundation Of The Eastern Shore Inc Salisbury, MD | $144,509,312 | $16,050,496 |
Community Foundation Of Lorain County Elyria, OH | $163,012,004 | $27,165,624 |