Twin County Community Foundation
- Assets
- $12.4m
- Revenue
- $262.0k
- Investments
- $11.7m
- Employees
- 1
- Location
- Galax, VA
- Founding
- 09/1991
- Data as of
- 09/2021
- EIN
- 54-1593923
Organization Overview
Twin County Community Foundation is located in Galax, VA. The organization was established in 1991. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Twin County 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 09/2021, Twin County Community Foundation generated $262.0k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.4% each year . All expenses for the organization totaled $446.1k during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Twin County Community Foundation has awarded 76 individual grants totaling $1,455,230. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEALTH AND WELFARE
EDUCATIONAL ENRICHMENT AND SCHOLARSHIP PROGRAMS
COVID DISASTER RELIEF GRANTS
COMMUNITY DEVELOPMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jane Patton Chair | 4 | $0 | |
Edward A Hanks II Member | 2 | $0 | |
Douglas Bryant Member | 2 | $0 | |
Benjamin Jackson Member | 2 | $0 | |
Oliver Mcbride Treasurer | 5 | $0 | |
Lynda Dykstra Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $460 |
| Dividends & Interest | $261,554 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $498,700 |
| Net ST Capital Gain | $139,727 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $262,014 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $26,868 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $1,896 |
| Travel, conferences, and meetings | $104 |
| Printing and publications | $0 |
| Other expenses | $4,747 |
| Total operating and administrative expenses | $73,871 |
| Contributions, gifts, grants paid | $372,222 |
| Total expenses and disbursements | $446,093 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $728,980 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $11,718,132 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $12,447,112 |
| Accounts payable and accrued expenses | $2,069 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,069 |
Grants Awarded
Over the last fiscal year, Twin County Community Foundation has awarded $372,222 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
Hillsville, VA PURPOSE: HEALTH AND WELFARE PROGRAMS | $67,348 |
Wytheville, VA PURPOSE: EDUCATIONAL PROGRAMS | $64,737 |
TOWN OF HILLSVILLE PURPOSE: COMMUNITY DEVELOPMENT | $47,500 |
BAPTIST MEDICAL CLINIC PURPOSE: HEALTH AND WELFARE PROGRAMS | $27,054 |
GRAYSON COUNTY EMS PURPOSE: HEALTH AND WELFARE PROGRAMS | $27,000 |
CARROLL COUNTY EMS PURPOSE: HEALTH AND WELFARE PROGRAMS | $21,000 |
Endowment Analysis
| Beg. Balance | $5,278,580 |
| Earnings | $751,913 |
| Admin Expense | $23,872 |
| Net Contributions | $3,509,455 |
| Grants | $1,000 |
| Ending Balance | $9,515,076 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Thomas Health System Inc S Charleston, WV | $66,489,070 | $891,312 |
Community Care Of North Carolina Inc Cary, NC | $40,141,694 | $99,043,731 |
Foundation Health Systems Corp Winston Salem, NC | $284,421,963 | $92,305,767 |
Uva Prince William Health System Manassas, VA | $34,920,621 | $47,526,474 |
Community Health Systems Inc Beckley, WV | $47,848,830 | $60,145,979 |
Riverside Healthcare Association Inc Newport News, VA | $660,049,352 | $36,592,083 |
Wakemed Raleigh, NC | $319,222,964 | $30,125,616 |
Fayette Physician Network Inc Morgantown, WV | $4,531,688 | $30,641,232 |
North Carolina Community Health Center Association Raleigh, NC | $3,052,612 | $26,747,196 |
Associated Health Services Inc Durham, NC | $37,513,623 | $28,247,702 |
Nea Baptist Health System Inc Memphis, TN | $0 | $22,003,068 |
Consumer Healthcare Products Association Washington, DC | $25,820,737 | $21,722,760 |