Smyth County Charitable Fund
- Assets
- $49.6m
- Revenue
- $3.2m
- Investments
- $12.5m
- Employees
- 72
- Location
- Marion, VA
- Founding
- 05/1999
- Data as of
- 09/2023
- EIN
- 31-1650055
Organization Overview
Smyth County Charitable Fund is located in Marion, VA. The organization was established in 1999. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 09/2023, Smyth County Charitable Fund employed 72 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Smyth County Charitable Fund 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, Smyth County Charitable Fund generated $3.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $2.6m during the year ending 09/2023. While expenses have increased by 4.8% 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 2016, Smyth County Charitable Fund has awarded 33 individual grants totaling $970,624. 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
TO SUPPORT THE MISSION OF SMYTH COUNTY COMMUNITY FOUNDATION BY IDENTIFYING AND SUPPORTING QUALIFIED PROGRAMS AND PROJECTS THAT CONTRIBUTE TO THE IMPROVED PHYSICAL, MENTAL AND EMOTIONAL HEALTH STATUS OF THE CITIZENS OF SMYTH COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SMYTH COUNTY CHARITABLE FUND (THE "FUND") CONTINUES TO PROMOTE AND SUPPORT THE LIFETIME WELLNESS CENTER LOCATIONS ACROSS SMYTH COUNTY. THESE SERVE AS A HUB FOR PROMOTING HEALTH AND WELLNESS FOR OUR CITIZENS. THE FUND HAS ALSO PARTNERED WITH PROMINENT HEALTH CARE PROVIDERS SERVING A POPULATION WITH NO INSURANCE TO HELP MAINTAIN THEIR HEALTH BY ACQUIRING THE APPROPRIATE HEALTHCARE AND BEHAVIORAL HEALTH SERVICES THEY NEED. THE FUND CONTINUES TO PLAY A KEY ROLE IN SEVERAL SCHOLARSHIP INITIATIVES TO HELP MAKE HIGHER EDUCATION AN OPTION FOR STUDENTS WHO MAY NOT HAVE OTHERWISE ATTENDED COLLEGE AND SUPPORTING THOSE GOING INTO ALLIED HEALTH POSITIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Robinson PHD Chair | OfficerTrustee | 1 | $0 |
Paul Holcombe ESQ Vice Chair | OfficerTrustee | 1 | $0 |
Sandra Catalan Secretary | OfficerTrustee | 0.3 | $0 |
Brian Cregger Treasurer | OfficerTrustee | 0.3 | $0 |
Emily Bralley Director | Trustee | 0.3 | $0 |
Dennis Carter Edd Director | Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,028 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,028 |
| Total Program Service Revenue | $1,256,395 |
| Investment income | $1,978,674 |
| 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 | $3,236,097 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $554,980 |
| 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. | $92,295 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $713,608 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $66,588 |
| Payroll taxes | $65,093 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,846 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $44,742 |
| Fees for services: Other | $18,174 |
| Advertising and promotion | $21,035 |
| Office expenses | $10,196 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $298,364 |
| Travel | $6,306 |
| 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 | $243,474 |
| Insurance | $60,819 |
| All other expenses | $56,566 |
| Total functional expenses | $2,552,417 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,324 |
| Savings and temporary cash investments | $3,709,434 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $62,762 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $34,997 |
| Prepaid expenses and deferred charges | $57,983 |
| Net Land, buildings, and equipment | $7,439,845 |
| Investments—publicly traded securities | $25,717,587 |
| Investments—other securities | $12,501,206 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $67,029 |
| Total assets | $49,639,167 |
| Accounts payable and accrued expenses | $20,945 |
| Grants payable | $0 |
| Deferred revenue | $30,465 |
| 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 | $32,000 |
| Total liabilities | $83,410 |
| Net assets without donor restrictions | $49,555,757 |
| Net assets with donor restrictions | $0 |
| 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 | $49,639,167 |
Grants Awarded
Over the last fiscal year, Smyth County Charitable Fund has awarded $447,780 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
TOWN OF CHILLHOWIE PURPOSE: SPLASH PAD FOR FAMILIES WATER FUN RECREATION | $125,000 |
MEL LEAMAN FREE CLINIC PURPOSE: SUPPORT FOR FREE CLINIC | $14,000 |
BLAND MINISTRY CENTER PURPOSE: DENTAL SERVICES FOR STUDENTS, HEADSTART | $5,250 |
APPALACHIAN CENTER FOR HOPE INC PURPOSE: REHAB FACILITY FOR ADDICTED MOTHERS AND INFANTS | $100,000 |
TOWN OF MARION PURPOSE: RENOVATION FOR OGBURN FIELD PLAYGROUND | $65,750 |
SOUTHWESTERN VA MENTAL HEALTH PURPOSE: PUCHASE OF SENSORY CART AND SUPPLIES | $10,780 |