The Community Foundation For Northern Virginia Inc
- Assets
- $80.2m
- Revenue
- $23.5m
- Investments
- $1.2m
- Employees
- 12
- Location
- Oakton, VA
- Founding
- 11/1979
- Data as of
- 06/2022
- EIN
- 51-0232459
Organization Overview
The Community Foundation For Northern Virginia Inc is located in Oakton, VA. The organization was established in 1979. 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 06/2022, Community Foundation For Northern Virginia Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation For Northern Virginia 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 06/2022, Community Foundation For Northern Virginia Inc generated $23.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.7% each year . All expenses for the organization totaled $9.8m during the year ending 06/2022. While expenses have increased by 7.0% per year over the past 7 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, Community Foundation For Northern Virginia Inc has awarded 1,577 individual grants totaling $43,452,037. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE COMMUNITY FOUNDATION FOR NORTHERN VIRGINIA GROWS PHILANTHROPY TO RESPOND TO NEED, SEED INNOVATION AND LEAD AND CONVENE THE COMMUNITY. COMPRISED OF DONOR ADVISED FUNDS, PERMANENT FUNDS, GIVING CIRCLES, AND OTHER CHARITABLE ENDOWMENTS, THE COMMUNITY FOUNDATION CONNECTS DONORS TO COMMUNITY AND PROMOTES A MORE EQUITABLE AND INCLUSIVE PROSPERITY THAT MARRIES OUR ECONOMIC STRENGTH WITH THE FULL BREADTH OF OUR DIVERSE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONOR ADVISED FUNDS: THE COMMUNITY FOUNDATION OFFERS DONOR ADVISED FUNDS (DAFS) TO DONORS IN THE REGION. A DAF IS A TYPE OF CHARITABLE GIVING FUND THAT IS ESTABLISHED BY A DONOR TO SUPPORT A CAUSE OR CAUSES THAT THE DONOR CARES ABOUT. DAFS ALLOW DONORS TO REMAIN INVOLVED IN ACTIVE CHARITABLE GIVING BY RETAINING "ADVISORY PRIVILEGES" TO RECOMMEND HOW THE COMMUNITY FOUNDATION SHOULD MAKE GRANTS FROM THAT FUND. FOR THE YEAR ENDING JUNE 30, 2022, THE COMMUNITY FOUNDATION HELD 175 SEPARATE DONOR ADVISED FUNDS THAT AWARDED $5,927,720 IN TOTAL GRANTS.
SCHOLARSHIP FUNDS: THE COMMUNITY FOUNDATION MANAGES AND ADMINISTERS 39 SCHOLARSHIP FUNDS ESTABLISHED BY INDIVIDUAL DONORS THAT HELP GRADUATING HIGH SCHOOL SENIORS WITH FINANCIAL CHALLENGES ATTEND 2 AND 4 YEAR COLLEGES AND UNIVERSITIES. FOR THE YEAR ENDING JUNE 30, 2022, THE COMMUNITY FOUNDATION AWARDED $381,299 IN TOTAL SCHOLARSHIPS TO 118 STUDENTS.
DISCRETIONARY GRANT FUNDS: IN ADDITION TO DONOR ADVISED FUNDS AND SCHOLARSHIP FUNDS, THE COMMUNITY FOUNDATION CONTINUOUSLY DEVELOPS AND BUILDS DISCRETIONARY FUNDS THAT HELP RESPOND TO LOCAL NEED AND SEED INNOVATION IN THE REGION. DISCRETIONARY FUNDS INCLUDE OUR COMMUNITY INVESTMENT FUNDS WHICH HELP RELIEVE THE SUFFERING CAUSED BY POVERTY, LEVEL THE PLAYING FIELD FOR LOCAL CHILDREN AND YOUTH, PROVIDE ACCESS TO HEALTH CARE AND MENTAL HEALTH CARE, CREATE JOB OPPORTUNITIES FOR OUR MOST VULNERABLE AND MARGINALIZED RESIDENTS, HELP SENIORS AGE IN PLACE, AND HELP MILITARY FAMILIES ATTAIN FINANCIAL SECURITY. OUR INNOVATION FUND HELPS LAUNCH NEW CYBERSECURITY AND CODING COURSES OF STUDY IN LOCAL PUBLIC SCHOOLS AND SUPPORT PROGRAMS WITH INNOVATIVE APPROACHES TO STEM EDUCATION ACROSS NORTHERN VIRGINIA. OUR HEALTH KIDS GRANTS ARE AWARDED TO PUBLIC SCHOOLS TO SUPPORT PROGRAMS THAT PROMOTE BETTER NUTRITION OR ENCOURAGE MORE ACTIVITY FOR THEIR STUDENTS. AND OUR PERMANENT FUND IS A PERMANENT COMMUNITY ENDOWMENT INTENDED TO BE A FOREVER SOURCE OF CRITICAL SUPPORT FOR OUR REGION.
GIVING CIRCLES: THE COMMUNITY FOUNDATION CURRENTLY HOSTS 3 GIVING CIRCLES, INCLUDING THE GIVING CIRCLE OF HOPE, A GIVING CIRCLE CREATING POSITIVE CHANGE IN NORTHERN VIRGINIA THROUGH ENGAGED AND COLLECTIVE PHILANTHROPY, THE LOUDOUN IMPACT FUND, A GIVING CIRCLE FOR LOUDOUN DONORS SUPPORTING LOUDOUN BASED CAUSES, AND THE BUSINESS WOMEN'S GIVING CIRCLE, A GIVING CIRCLE FOR LOCAL WOMEN WHO SUPPORT ORGANIZATIONS PREPARING GIRLS AND WOMEN FOR CAREER AND FINANCIAL SUCCESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eileen Ellsworth President And CEO | Officer | 40 | $244,150 |
Elizabeth Hughes Senior Director Of Insight Region | 40 | $112,333 | |
Tara Nadel Vice President Of Marketing And Events | 40 | $103,000 | |
Catherine Schott Murray Chair | OfficerTrustee | 2 | $0 |
Robert Kipps Vice Chair | OfficerTrustee | 2 | $0 |
Helaine Weissman Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $502,855 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,575,445 |
| Noncash contributions included in lines 1a–1f | $2,727,119 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,078,300 |
| Total Program Service Revenue | $851,991 |
| Investment income | $1,754,655 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,707,977 |
| Net Income from Fundraising Events | $40,193 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,451,822 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,035,671 |
| 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. | $266,200 |
| Compensation of current officers, directors, key employees. | $79,860 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $673,554 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $24,577 |
| Payroll taxes | $69,040 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,371 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $854,359 |
| Fees for services: Other | $73,500 |
| Advertising and promotion | $4,347 |
| Office expenses | $28,314 |
| Information technology | $69,421 |
| Royalties | $0 |
| Occupancy | $40,349 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,782 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,606 |
| Insurance | $10,518 |
| All other expenses | $36,762 |
| Total functional expenses | $9,835,422 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,086,572 |
| Savings and temporary cash investments | $351,162 |
| Pledges and grants receivable | $10,000 |
| 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 | $32,476 |
| Net Land, buildings, and equipment | $6,847 |
| Investments—publicly traded securities | $77,464,322 |
| Investments—other securities | $1,193,129 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,900 |
| Total assets | $80,161,408 |
| Accounts payable and accrued expenses | $53,143 |
| Grants payable | $10,000 |
| Deferred revenue | $143,400 |
| 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 | $206,543 |
| Net assets without donor restrictions | $75,081,601 |
| Net assets with donor restrictions | $4,873,264 |
| 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 | $80,161,408 |
Grants Awarded
Over the last fiscal year, The Community Foundation For Northern Virginia Inc has awarded $4,718,245 in support to 212 organizations.
| Grant Recipient | Amount |
|---|---|
Fairfax, VA PURPOSE: SINGLE ORGANIZATION SUPPORT | $277,713 |
Washington, DC PURPOSE: GROUP HOME (LONG-TERM, PRIMARILY ASSISTED) | $250,000 |
Sioux Falls, SD PURPOSE: HIGHER ED INSTITUTIONS | $166,000 |
Blacksburg, VA PURPOSE: SINGLE ORGANIZATION SUPPORT | $152,000 |
Gainesville, VA PURPOSE: PROTESTANT | $150,000 |
Leesburg, VA PURPOSE: HUMAN SERVICE ORGANIZATIONS | $140,000 |
Grants Recieved
Over the last fiscal year, we have identified 18 grants that The Community Foundation For Northern Virginia Inc has recieved totaling $204,526.
| Awarding Organization | Amount |
|---|---|
Kaiser Foundation Health Plan Of The Mid Atlantic States Inc Oakland, CA PURPOSE: Northern Virginia Social Health Impact Fund | $42,500 |
Eugene & Agnes E Meyer Foundation Washington, DC PURPOSE: TO SUPPORT THE AFGHAN RELIEF AND RESETTLEMENT FUND FOR NORTHERN VIRGINIA | $40,000 |
Ecmc Foundation Minneapolis, MN PURPOSE: General Support | $25,000 |
Fredrick D And Karen G Schaufeld Family Foundation Greensboro, NC PURPOSE: COMMUNITY GRANTS AND SCHOLARSHIPS | $22,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $14,600 |
The Lwh Family Foundation Washington, DC PURPOSE: GENERAL OPERATING | $10,000 |
Endowment Analysis
| Beg. Balance | $6,269,807 |
| Earnings | -$567,476 |
| Admin Expense | $155,409 |
| Grants | $673,658 |
| Ending Balance | $4,873,264 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Community Foundation Of Harrisonburg And Rockingham County Harrisonburg, VA | $68,152,988 | $23,085,179 |
The Community Foundatio Of Louisville Depository Inc Louisville, KY | $29,429,716 | $18,203,702 |
Greater Kanawha Valley Foundation Charleston, WV | $329,426,372 | $27,972,481 |
High Point Community Foundation High Point, NC | $114,170,503 | $14,778,667 |
The Community Foundation Of Louisville Corporate Depository In Louisville, KY | $17,663,337 | $10,177,129 |
Community Foundation Of Frederick County Maryland Incorporated Frederick, MD | $137,281,850 | $16,443,346 |
The Community Foundation For Northern Virginia Inc Oakton, VA | $80,161,408 | $23,451,822 |
Community Foundation Of The Eastern Shore Inc Salisbury, MD | $144,509,312 | $16,050,496 |
Mid-Shore Community Foundation Inc Easton, MD | $125,001,314 | $15,563,573 |
Gaston Community Foundation Gastonia, NC | $124,627,590 | $17,636,833 |
Community Foundation Serving Western Virginia Roanoke, VA | $100,299,802 | $12,225,680 |
Cumberland Community Foundation Inc Fayetteville, NC | $108,138,101 | $14,799,053 |