Vmrc Foundation Inc

Organization Overview

Vmrc Foundation Inc is located in Harrisonburg, VA. The organization was established in 1980. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 03/2022, Vmrc Foundation Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vmrc Foundation 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 03/2022, Vmrc Foundation Inc generated $4.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.7% each year . All expenses for the organization totaled $878.8k during the year ending 03/2022. While expenses have increased by 0.8% 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 2017, Vmrc Foundation Inc has awarded 22 individual grants totaling $2,060,280. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO BE A DESTINATION HUB FOR THOSE WHO WANT TO AGE WELL IN A VIBRANT, AUTHENTIC COMMUNITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

FUNDRAISING PROGRAMS: FINANCIAL SUPPORT AND INVESTMENT SERVICES FOR 501(C) (3) ORGANIZATIONS IN A RETIREMENT COMMUNITY.


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Board, Officers & Key Employees

Name (title)Compensation
Kelly Blosser
Chair
$0
Hugh Westfall
Board Member
$0
Judith Trumbo
CEO
$0
Mike Piper
CFO
$0
Troy Snyder
Incoming CEO
$0
Kathy Armentrout
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$66,107
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$1,076,855
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,142,962
Total Program Service Revenue$0
Investment income $849,836
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $2,070,987
Net Income from Fundraising Events -$3,375
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,060,410

Grants Awarded

Over the last fiscal year, Vmrc Foundation Inc has awarded $379,491 in support to 5 organizations.

Grant RecipientAmount

VIRGINIA MENNONITE HOME INC

Org PageRecipient Profile

Harrisonburg, VA

PURPOSE: COVER UNREIMB. EXP.

$334,181

Harrisonburg, VA

PURPOSE: SUBSIDIZE NUTRITION

$20,060

VIRGINIA MENNONITE HOME INC

Org PageRecipient Profile

Harrisonburg, VA

PURPOSE: PURCHASE EQUIPMENT

$10,148

VIRGINIA MENNONITE HOME INC

Org PageRecipient Profile

Harrisonburg, VA

PURPOSE: CHAPLAIN EXPENSES

$9,307

Harrisonburg, VA

PURPOSE: PURCHASE EQUIPMENT

$5,795
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Vmrc Foundation Inc has recieved totaling $30,993.

Awarding OrganizationAmount
$20,967
T Rowe Price Program For Charitable Giving Inc

Baltimore, MD

PURPOSE: GENERAL OPERATING

$10,000
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$26
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$13,779,272
Earnings$479,265
Net Contributions$657,652
Grants$345,815
Ending Balance$14,570,374

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