Virginia Community Foundation is located in Virginia, MN. The organization was established in 2000. 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 12/2022, Virginia Community Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 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, Virginia Community Foundation generated $457.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $291.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (9.3%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CHARITABLE GIVING THROUGH VARIOUS INITIATIVES THAT STRENGTHEN AND REVITALIZE OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOU'S CLOSETFUNDS FROM LOU'S CLOSET ARE DESIGNATED TO STUDENTS ENROLLED AT ISD 2909. THE PURPOSE OF THESE FUNDS ARE USED TO PROMOTE THE ATTENDANCE AND ACHIEVEMENT OF LOW-INCOME STUDENTS OR FOR STUDENTS WHO ARE EXPERIENCING A CRISIS. THE CLOTHES CLOSETS THROUGHOUT THE SCHOOLS PROVIDE QUALITY, FUNCTIONAL ITEMS OF SEASONALLY APPROPRIATE SCHOOL CLOTHING TO STUDENTS WHOSE FAMILIES OR GUARDIANS LACK THE RESOURCES TO PROVIDE SUCH ITEMS. FUNDS ARE ALSO USED TO PROVIDE CORRECTIVE EYEWEAR AND OTHER NECESSARY ITEMS FOR ELIGIBLE STUDENTS TO IMPROVE AND ENCOURAGE THEIR EDUCATIONAL OUTCOMES.MN DEED MAIN STREET ECONOMIC REDEVELOPMENT PROGRAM (MSERP) GRANTTHE VIRGINIA COMMUNITY FOUNDATION ENTERED A FISCAL SPONSORSHIP AGREEMENT WITH THE CITY OF VIRGINIA TO BE THE PARTNER ORGANIZATION FOR THE MN DEED MSERP GRANT. THE PROGRAM PROVIDES LEVERAGED GRANTS AND GUARANTEED LOANS TO SUPPORT ECONOMIC DEVELOPMENT AND REDEVELOPMENT PROJECTS THAT DELIVER THE MOST ECONOMIC IMPACT TO THE COMMUNITY'S NEEDS DUE TO CONDITIONS THAT HAVE ARISEN SINCE MARCH 15, 2020. IT IS THROUGH THE CITY'S VIRGINIA ECONOMIC DEVELOPMENT AUTHORITY'S (VEDA) ESTABLISHED DOWNTOWN COMMERCIAL REHABILITATION PROGRAM THAT IMPLEMENTS THE MAIN STREET ECONOMIC REDEVELOPMENT PROGRAM.ROCKWELL CHURCH BACK-PACK ROUNDUPTHE GRANT WAS USED TO PURCHASE 200 BACK PACKS AND SCHOOL SUPPLIES TO BE GIVEN AWAY TO FAMILIES THAT CANNOT AFFORD SCHOOL ITEMS IN THE QUAD CITY AREA.FRIENDS OF THE PUBLIC LIBRARY-CHILDREN'S ROOM UPDATETHE GRANT WAS USED TO PROVIDE MORE ACCESSIBILITY TO PICTURE BOOKS AND EASY READER BOOKS FOR THE YOUNGEST LIBRARY VISITORS AND THEIR CAREGIVERS. THE SHELVING PURCHASED HOUSES THE PICTURE BOOK COLLECTION, ALONG WITH CREATING A NEW SECTION FOR OUR EASY READER BOOKS. IN ADDITION, THE SHELVING TOP WILL BE USED TO DISPLAY ART, LEGO ART, AND OTHER CREATIONS MADE BY CHILDREN AT LIBRARY EVENTS.NORTHLAND LEARNING CENTER-BRIDGE TO INDEPENDENCE LIFE SKILLS WORKBOXESTHE FUNDS WERE USED TO PURCHASE PRE-MADE WORK BOXES THAT HELP STUDENTS TO ACQUIRE POST-SECONDARY EDUCATION AND SKILLS SUCH AS TRAINING, EMPLOYMENT, VOCATIONAL, COMMUNITY PARTICIPATION, INDEPENDENT LIVING, AND RECREATION AND LEISURE SKILLS. THESE BOXES WILL SUPPORT STUDENTS IN MANY AREAS SUCH AS: WORKING STEADILY, SORTING, ASSEMBLING, PACKAGING ACCORDING TO INSTRUCTIONS, COMPLETING A TASK, HIGHER LEVEL FINE MOTOR ACTIONS, COORDINATION STEPS, PATTERN RECOGNITION, COUNTING, MATCHING, ATTENDING OVER TIME, WORKING WITH OTHERS, ASKING FOR HELP AS NEEDED, KEEPING HANDS TO ONESELF, AND STAYING ON TASK.ROCK RIDGE PUBLIC SCHOOLS-AQUATIC CENTER VIDEO SCOREBOARDTHE VIDEO SCOREBOARD WILL INCREASE THE AWARENESS OF, AND PARTICIPATION IN, OUR SWIMMING PROGRAMS. THIS PROJECT WILL PRIORITIZE ROCK RIDGE SWIMMING BY PROVIDING COLLEGE LEVEL EXPERIENCE. THIS VIDEO BOARD WILL PUT THE AQUATIC CENTER ON THE SAME LEVEL OF SCOREBOARDS AS THE DONATED GYMNASIUM VIDEO SCOREBOARD AND DONATED STADIUM VIDEO SCOREBOARD. FANS WILL BE ABLE TO WATCH THEIR SWIMMERS UP CLOSE AND PERSONAL. THIS VIDEO BOARD WILL BE ABLE TO LIVE STREAM OUR SWIM MEETS AND INCLUDE VIDEO AND LIVE RESULTS TO THE VIEWERS; GRANDMAS, GRANDPAS, RELATIVES, AND FRIENDS, UNABLE TO ATTEND, WILL FEEL LIKE THEY ARE AT THE MEET.CITY OF VIRGINIA-RELOCATION OF DUANE BREYERS MURALTHE CITY OF VIRGINIA HAS BEEN WORKING TO SAFELY RELOCATE THE DUANE BREYERS MURAL FROM THE ROOSEVELT SCHOOL (SCHEDULED FOR DEMOLITION) TO THE IRON TRAIL MOTORS EVENT CENTER. THE GRANT WILL BE USED TO HAVE AN ART HISTORIAN EVALUATE AND MAKE RECOMMENDATIONS ON PRESERVATION MEASURES TO PROPERLY DISPLAY THE MURAL.LYRIC CENTER-LYRIC CENTER YOUTH ARTS PROGRAM OPERATING EXPENSESTHE LYRIC YOUTH ARTS PROGRAMMING PROVIDES ACCESS TO ART EDUCATION OUTSIDE OF THE NORMAL ISD CURRICULUM AND IS A GROWING ADDITION TO ITS 22-YEAR CHILDREN'S THEATER PROGRAM. ART EDUCATION IS CRUCIAL TO HELP CHILDREN FIND AND CREATE AN OUTLET FOR THEMSELVES TO EXPRESS THEIR NEEDS WHILE STAYING OCCUPIED. THIS KEEPS THEM OUT OF HARMFUL AFTER SCHOOL ACTIVITIES OR ISOLATION WHILE FOSTERING CRITICAL THINKING AND COMMUNITY PRIDE. THE GRANT WILL PROVIDE ACCESS TO OUR CURRENT ROSTER OF REGULAR STUDENTS AS WELL AS INTRIGUING NEW STUDENTS THAT ARE LOOKING FOR A CREATIVE OUTLET, WHICH WILL NURTURE THEIR LEARNING WHILE FINDING STRONGER COMMUNITY CONNECTIONS IN OUR HISTORIC DOWNTOWN.ROCK RIDGE PUBLIC SCHOOLS-TO ACCESS FUNDS INSIDE THE ROCK RIDGE EDUCATION FUNDTHE ROCK RIDGE EDUCATION FUND PROVIDES SUPPORT FOR ENRICHING LEARNING EXPERIENCES, CREATING COMMUNITY CONNECTIONS TO THE CLASSROOM, ENHANCING AVAILABLE SCHOOL RESOURCES AND PROVIDING THE BEST EDUCATIONAL OPPORTUNITIES FOR ALL STUDENTS WITHIN ISD 2909.ROCK RIDGE PUBLIC SCHOOLS-TO ACCESS FUNDS INSIDE THE WOLVERINE FUNDTHE WOLVERINE FUND PROVIDES SUPPORT FOR CO-CURRICULAR ACTIVITIES AS DEFINED BY THE MINNESOTA STATE HIGH SCHOOL LEAGUE WITHIN ISD 2909.ROCK RIDGE PUBLIC SCHOOLS-ROCK RIDGE FOOTBALL BOOSTERSTHIS GRANT SUPPORTED THE ROCK RIDGE FOOTBALL PROGRAM.OLCOTT BREWFEST-OLCOTT PARK ENTRANCE PROJECT-PHASE 1THIS GRANT WILL CONSTRUCT A HISTORICALLY INSPIRED ENTRANCE ON THE NORTHERN SIDE OF THE PARK IN ADDITION TO MAKING THE ENTRANCE SAFER BY WIDENING IT TO ALLOW TRAFFIC TO ENTER AND EXIT THE PARK SAFELY ALONG WITH PROVIDING AN AESTHETICALLY PLEASING ENTRANCE AND EXIT TO THE MOST UTILIZED AND BELOVED PARK IN THE VIRGINIA PARK AND RECREATION PARK SYSTEM.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Tony Harkonen Treasurer | OfficerTrustee | 2.5 | $0 |
Laura Bachschneider Chair | OfficerTrustee | 2.5 | $0 |
Leah Ryan Secretary | OfficerTrustee | 2.5 | $0 |
Greg Gilness Vice Chair | OfficerTrustee | 2.5 | $0 |
Timothy Riordan Past Chair | Trustee | 2.5 | $0 |
Kerry Waschke Collie Board Member | Trustee | 2.5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $38,688 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $200,203 |
Noncash contributions included in lines 1a–1f | $388 |
Total Revenue from Contributions, Gifts, Grants & Similar | $238,891 |
Total Program Service Revenue | $0 |
Investment income | $236,763 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | -$18,778 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $457,686 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $49,470 |
Grants and other assistance to domestic individuals. | $63,500 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $48,000 |
Compensation of current officers, directors, key employees. | $19,200 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $28,690 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $5,998 |
Fees for services: Management | $0 |
Fees for services: Legal | $250 |
Fees for services: Accounting | $11,600 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $24,916 |
Fees for services: Other | $4,403 |
Advertising and promotion | $3,441 |
Office expenses | $12,295 |
Information technology | $1,481 |
Royalties | $0 |
Occupancy | $5,208 |
Travel | $0 |
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 | $23,926 |
Insurance | $3,742 |
All other expenses | $165 |
Total functional expenses | $291,617 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $137,630 |
Savings and temporary cash investments | $164,311 |
Pledges and grants receivable | $1,000 |
Accounts receivable, net | $2,643 |
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 | $388 |
Net Land, buildings, and equipment | $303,542 |
Investments—publicly traded securities | $4,079,591 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $4,689,105 |
Accounts payable and accrued expenses | $2,528 |
Grants payable | $34,682 |
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 | $37,210 |
Net assets without donor restrictions | $2,563,153 |
Net assets with donor restrictions | $2,088,742 |
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 | $4,689,105 |
Over the last fiscal year, Virginia Community Foundation has awarded $29,105 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
OLCOTT BREWFEST PURPOSE: Olcott Park Entrance Project-Phase 1 | $19,756 |
ROCK RIDGE PUBLIC SCHOOL PURPOSE: Rock Ridge Education Fund, Rock Ridge Wolverine Fund, and Rock Ridge Football Boosters | $9,349 |