Charlottesville Area Community Foundation
- Assets
- $339.7m
- Revenue
- $77.6m
- Investments
- $43.9m
- Employees
- 16
- Location
- Charlottesville, VA
- Founding
- 07/1989
- Data as of
- 12/2021
- EIN
- 54-1506312
Organization Overview
Charlottesville Area Community Foundation is located in Charlottesville, VA. The organization was established in 1989. 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 12/2023, Charlottesville Area Community Foundation employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charlottesville Area 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 12/2021, Charlottesville Area Community Foundation generated $77.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $36.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Charlottesville Area Community Foundation has awarded 6,459 individual grants totaling $145,641,715. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
GRANTS TO NON-PROFITS MAINLY IN CENTRAL VA & MANAGE CHARITABLE FUNDS FOR INDIVIDUALS & AGENCIES.
Describe the Organization's Program Activity:
WE ARE A COMMUNITY-CENTERED, EQUITY-FORWARD ORGANIZATION COMMITTED TO HELPING OUR REGION BE A PLACE WHERE EVERYONE CAN BELONG, CONTRIBUTE, PARTICIPATE, AND THRIVE. IN 2022, THE FOUNDATION RECEIVED CONTRIBUTIONS TOTALING $25,000,314 FROM 1,182 DONORS WHO MADE 1,503 DONATIONS. THE FOUNDATION DISBURSED 2,514 GRANTS TOTALING $18,582,780 TO OUR REGION IN CENTRAL VIRGINIA AND BEYOND TO INITIATIVES WORKING IN A BOARD RANGE OF IMPACT AREAS AND CAUSES. IN ADDITION, THE FOUNDATION SUPPORTED 199 STUDENTS THROUGH SCHOLARSHIP SUPPORT TOTALING $933,890. THE FOUNDATION OPENED 31 NEW FUNDS IN 2022 AND MANAGED 432 FUNDS AS OF DECEMBER 31,2022. THE FOUNDATION CONTINUED TO SUPPORT AND CLOSE OUT MULTI-YEAR COMMITMENTS MADE THROUGH ITS DISCRETIONARY GRANTS PORTFOLIO OF PROGRAMS AND REFINE THE DESIGN OF NEW PROGRAMS TO BE INTRODUCED IN 2023. FUNDHOLDER ADVISED COMPETITIVE GRANT PROGRAMS CONTINUED TO MAKE GRANTS IN 2022, INCLUDING THE BAMA WORKS FUND OF DAVE MATTHEWS BAND AND THETWICE IS NICE FUND. BAMA WORKS CONDUCTED TWO AWARD CYCLES AND MADE 207 GRANTS TOTALING $1,564,942. TWICE IS NICE MADE 18 GRANTS TOTALING $195,000.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brennan Gould President, Treasurer & CEO | OfficerTrustee | 40 | $264,727 |
Ms Heather L Carlton Director | Trustee | 1 | $0 |
Mr Glenn Rust Chair | OfficerTrustee | 1 | $0 |
Mr Antwon Brinson Director | Trustee | 1 | $0 |
Ms Helene Downs Director | Trustee | 1 | $0 |
Ms Libby Edwards-Allbaugh Director | Trustee | 1 | $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 | $57,576,138 |
| Noncash contributions included in lines 1a–1f | $51,548,348 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $57,576,138 |
| Total Program Service Revenue | $0 |
| Investment income | $3,615,788 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $13,420,875 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $77,610,040 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $31,356,156 |
| Grants and other assistance to domestic individuals. | $716,569 |
| Grants and other assistance to Foreign Orgs/Individuals | $350,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $304,274 |
| Compensation of current officers, directors, key employees. | $76,068 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $904,272 |
| Pension plan accruals and contributions | $57,075 |
| Other employee benefits | $47,846 |
| Payroll taxes | $72,818 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $29,783 |
| Fees for services: Accounting | $28,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,572,038 |
| Fees for services: Other | $284,953 |
| Advertising and promotion | $41,355 |
| Office expenses | $9,726 |
| Information technology | $148,185 |
| Royalties | $0 |
| Occupancy | $43,946 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,672 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $26,882 |
| All other expenses | $0 |
| Total functional expenses | $36,249,618 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,391,835 |
| Savings and temporary cash investments | $14,107,050 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $257,845,110 |
| Investments—other securities | $43,851,795 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $22,494,879 |
| Total assets | $339,690,669 |
| Accounts payable and accrued expenses | $37,886 |
| Grants payable | $4,668,697 |
| 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 | $45,336,050 |
| Total liabilities | $50,042,633 |
| Net assets without donor restrictions | $267,099,299 |
| Net assets with donor restrictions | $22,548,737 |
| 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 | $339,690,669 |
Grants Awarded
Over the last fiscal year, Charlottesville Area Community Foundation has awarded $17,230,933 in support to 306 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY ARTSREACH PURPOSE: GENERAL PURPOSES | $20,000 |
IX ART PARK FOUNDATION PURPOSE: RESTRICTED PURPOSE OF PAYING THE CSI INVOICE FOR INSTALLATION OF ARTISTIC WRAP AT DEWBERRY BUILDING ON MAIN STREET, SUPPORT OF THE 2022 SOUL OF CHARLOTTESVILLE FESTIVAL; PARTICULARLY YOUR COMMITMENT TO COMPENSATING BLACK ARTISTS AND ORGANIZATIONS PARTICIPATING IN THE EVENT | $81,000 |
100 BLACK MEN OF CENTRAL VIRGINIA PURPOSE: THE M3 SUMMER PROGRAM FOR UPCOMING YEAR | $50,000 |
ADULT COMMUNITY EDUCATION PURPOSE: BAMA WORKS 2022 GRANT | $8,000 |
AFRICAN-AMERICAN TEACHING FELLOWS OF CHARLOTTESVILLE-ALBEMARLE INC PURPOSE: AREA OF GREATEST NEED TO BENEFIT THE COMMUNITY AND GENERAL OPERATING | $55,000 |
ALBEMARLE CHARLOTTESVILLE HISTORICAL SOCIETY PURPOSE: GENERAL PURPOSES | $25,000 |