Fauquier Health Foundation
- Assets
- $250.0m
- Revenue
- $20.8m
- Investments
- $230.8m
- Employees
- 0
- Location
- Warrenton, VA
- Founding
- 02/2004
- Data as of
- 09/2023
- EIN
- 30-0219424
Organization Overview
Fauquier Health Foundation, operating under the name The Path Foundation, is located in Warrenton, VA. The organization was established in 2004. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Path 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 09/2023, Path Foundation generated $20.8m in total revenue. All expenses for the organization totaled $14.0m during the year ending 09/2023. While expenses have increased by 19.7% per year over the past 8 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, Path Foundation has awarded 1,391 individual grants totaling $61,658,633. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
THE FOUNDATION INVESTS IN THE COMMUNITY BY PROVIDING GRANTSRELATED TO FOUR PRIORITY AREAS INCLUDING ACCESS TO HEALTH,CHILDHOOD WELLNESS, MENTAL HEALTH AND SENIOR SERVICES.COMPETITIVE FLEXIBLE FUNDING GRANTS ASSIST NONPROFITS ANDGOVERNMENT AGENCIES TO BETTER SERVE THEIR COMMUNITIES. MAKEIT HAPPEN! GRANTS, TECHNICAL ASSISTANCE GRANTS, ANDNONCOMPETITIVE HEALTH PRIORITY GRANTS ENHANCE VITALITY ANDSERVICE WITHIN THE COMMUNITY. DURING FISCAL YEAR 2023, 296GRANTS WERE PAID.
THE PATH RESOURCE CENTER INCLUDES THE VOLUNTEER HUB WHICH CONNECTS MORE THAN 4,600 VOLUNTEERS TO AREA NONPROFIT ORGANIZATIONS; COMMUNITY LINK, A NO COST CONFIDENTIAL RESOURCE THAT CONNECTS COMMUNITY MEMBERS IN NEED WITH ORGANIZATIONS AND SERVICES THAT CAN PROVIDE ASSISTANCE; AND A SATELLITE OFFICE OF THE CENTER FOR NONPROFIT EXCELLENCE WHICH PROVIDES TRAINING AND TECHNICAL SUPPORT TO OUR AREA NONPROFIT ORGANIZATIONS. ADDITIONALLY, THE RESOURCE CENTER OFFICE MEETING AND CONFERENCE ROOM SPACE TO AN AVERAGE OF 50 ORGANIZATIONS A MONTH, AT NO CHARGE TO AREA NONPROFIT ORGANIZATIONS.
THE FOUNDATION PROVIDES INKIND OFFICE AND PROGRAMMING SPACE TO 14 NONPROFIT ORGANIZATIONS AND PROVIDES THE FACILITY FOR THE FAUQUIER FREE CLINIC.
THE FOUNDATION'S SUMMER PAID INTERNSHIP PROGRAM PROVIDESAREA COLLEGE STUDENTS EXPOSURE TO NONPROFIT CAPACITYBUILDING, VOLUNTEERS MANAGEMENT AND DIRECT WORK WITH AVARIETY OF LOCAL NONPROFIT ORGANIZATIONS AND GOVERNMENTAGENCIES. DURING FISCAL YEAR 2023, THERE WERE21 INTERNS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christine M Connolly President/ceo | 40 | $360,896 | |
Julie Lerudis CFO | 40 | $194,302 | |
Elizabeth B Hendrickson COO | 40 | $195,194 | |
Betsy Dietel Board Chair | 3 | $0 | |
Timothy Dunn Director | 1.5 | $0 | |
Douglas Marshall Vice Chair | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Monticello Associates Inc | 9/29/23 | $375,000 |
F&r Development Llc | 9/29/23 | $344,490 |
Your Part-time Controller Llc | 9/29/23 | $136,383 |
Marcum Llp | 9/29/23 | $94,484 |
Techvo Llc | 9/29/23 | $80,269 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $14,948,252 |
| Interest on Savings | $207,321 |
| Dividends & Interest | $3,763,910 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,172,453 |
| Capital Gain Net Income | $1,189,627 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $716,919 |
| Total Revenue | $20,808,855 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $750,392 |
| Other employee salaries and wages | $1,318,867 |
| Pension plans, employee benefits | $487,693 |
| Interest | $0 |
| Taxes | $140,507 |
| Depreciation | $312,273 |
| Occupancy | $188,666 |
| Travel, conferences, and meetings | $222,555 |
| Printing and publications | $114,157 |
| Other expenses | $880,193 |
| Total operating and administrative expenses | $6,284,405 |
| Contributions, gifts, grants paid | $7,716,212 |
| Total expenses and disbursements | $14,000,617 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $309,201 |
| Savings and temporary cash investments | $5,733,016 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $3,560,472 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $728,330 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $230,772,197 |
| Net Land, buildings, and equipment | $8,832,300 |
| Other assets | $32,202 |
| Total assets | $249,967,718 |
| Accounts payable and accrued expenses | $140,517 |
| Grants payable | $2,484,240 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $932,290 |
| Total liabilities | $3,557,047 |
Grants Awarded
Over the last fiscal year, Fauquier Health Foundation has awarded $11,133,708 in support to 371 organizations.
| Grant Recipient | Amount |
|---|---|
AFRO-AMERICAN HISTORICAL ASSOCIATION PURPOSE: FLEXIBLE FUNDING GRANT | $25,000 |
4P FOODS PURPOSE: EXPENDITURE RESPONSIBILITY GRANT TOWARD FOOD HUB | $100,000 |
AMERICAN RED CROSS OF CENTRAL VIRGINIA PURPOSE: BLOOD SAVES LIVES: HELPING PEOPLE WITH SICKLE CELL DISEASE | $9,933 |
ARTISTS IN MIDDLEBURG PURPOSE: FLEXIBLE FUNDING GRANT | $10,000 |
BEALETON BAPTIST CHURCH PURPOSE: CHNA FOCUS GROUP SESSION | $500 |
BELLE MEADE MONTESSORI SCHOOL PURPOSE: TECHNICAL ASSISTANCE GRANT - WEBSITE RELAUNCH AND VIDEOGRAPHY | $12,560 |