Your Community Foundation Of North Central Wv Inc
- Assets
- $25.1m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 4
- Location
- Morgantown, WV
- Founding
- 12/2011
- Data as of
- 12/2023
- EIN
- 27-5249383
Organization Overview
Your Community Foundation Of North Central Wv Inc is located in Morgantown, WV. The organization was established in 2011. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2023, Your Community Foundation Of North Central WV Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Your Community Foundation Of North Central WV Inc 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 12/2023, Your Community Foundation Of North Central WV Inc generated $3.3m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $980.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (6.3%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Your Community Foundation Of North Central WV Inc has awarded 100 individual grants totaling $1,299,722. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
YOUR COMMUNITY FOUNDATION OF NORTH CENTRAL WEST VIRGINIA, INC.'S (YCF) MISSION IS TO PROMOTE PHILANTHROPY AND BUILD ENDOWMENT FUNDS TO BENEFIT OUR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YCF PARTNERED IN PHILANTHROPY, AND CONNECTED WITH INDIVIDUALS, ORGANIZATIONS, AND BUSINESSES IN DEVELOPING THEIR CHARITABLE WISHES BY FACILITATING AND MANAGING FUNDS TO HELP MEET CURRENT COMMUNITY NEEDS AND FUTURE CHALLENGES. THIS COLLABORATION WITH FUNDING AND CIVIC PARTNERS HELPED CUT COSTS, BUILD PROGRAMS, AND INCREASED THE SCOPE AND EFFICIENCY OF CHARITABLE GIVING IN NORTH CENTRAL WEST VIRGINIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martin Howe Chair | OfficerTrustee | 3 | $0 |
Joshua S Rogers Vice Chair | OfficerTrustee | 3 | $0 |
Nathan S White Treasurer | OfficerTrustee | 3 | $0 |
Rachel Wood Board Member | Trustee | 1 | $0 |
Perri Dechristopher Secretary | OfficerTrustee | 3 | $0 |
Allen Staggers Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $67,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,500,651 |
| Noncash contributions included in lines 1a–1f | $193,763 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,568,151 |
| Total Program Service Revenue | $0 |
| Investment income | $601,531 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $43,282 |
| Net Gain/Loss on Asset Sales | $51,176 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,264,648 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $358,272 |
| Grants and other assistance to domestic individuals. | $259,228 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $174,657 |
| Compensation of current officers, directors, key employees. | $50,999 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $45,906 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $19,425 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $35,103 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,635 |
| Advertising and promotion | $3,595 |
| Office expenses | $34,130 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,266 |
| Travel | $3,394 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $835 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,835 |
| Insurance | $2,141 |
| All other expenses | $100 |
| Total functional expenses | $980,283 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $118,621 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $754,457 |
| 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 | $241,884 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $23,963,460 |
| Intangible assets | $0 |
| Other assets | $2,000 |
| Total assets | $25,080,422 |
| Accounts payable and accrued expenses | $7,167 |
| 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 | $22,805 |
| Other liabilities | $2,587,666 |
| Total liabilities | $2,617,638 |
| Net assets without donor restrictions | $2,260,078 |
| Net assets with donor restrictions | $20,202,706 |
| 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 | $25,080,422 |
Grants Awarded
Over the last fiscal year, Your Community Foundation Of North Central Wv Inc has awarded $241,392 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
CHANGE INITIATIVE CORPORATION PURPOSE: HEALTH AND SOCAL SERVICES | $5,000 |
CASA FOR KIDS OF MON AND PRESTON COUNTIES PURPOSE: HEALTH AND SOCIAL SERVICES | $12,500 |
MILAN PUSKAR HEALTH RIGHT INC PURPOSE: HEALTH AND SOCIAL SERVICES | $14,000 |
MONONGALIA COUNTY CHILD ADVOCACY CENTER PURPOSE: HEALTH AND SOCIAL SERVICES | $17,000 |
MONONGALIA ARTS CENTER PURPOSE: ARTS AND CULTURAL | $9,750 |
MORGANTOWN THEATRE COMPANY PURPOSE: ARTS AND CULTURAL | $18,009 |