Arlington Community Foundation
- Assets
- $28.0m
- Revenue
- $17.6m
- Investments
- $0.0
- Employees
- 8
- Location
- Arlington, VA
- Founding
- 03/1992
- Data as of
- 06/2022
- EIN
- 54-1602838
Organization Overview
Arlington Community Foundation is located in Arlington, VA. The organization was established in 1992. 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, Arlington Community Foundation employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arlington 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 06/2022, Arlington Community Foundation generated $17.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.9% each year . All expenses for the organization totaled $5.0m during the year ending 06/2022. While expenses have increased by 17.7% 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, Arlington Community Foundation has awarded 350 individual grants totaling $20,604,724. 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
TO PROVIDE CHARITABLE SUPPORT AND LEADERSHIP TO IMPROVE QUALITY OF LIFE IN ARLINGTON AND BEYOND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GENERAL COMMUNITY GRANTMAKING OF ARLINGTON COMMUNITY FOUNDATION INCLUDES PROACTIVE AWARDS TO MEET THE NEEDS HIGHLIGHTED BY OUR SPECIAL INITIATIVES AS WELL AS THE IMPLEMENTATION OF THE CHARITABLE INTENTIONS OF THE MANY INDIVIDUALS, FAMILIES AND BUSINESSES THAT HAVE CHOSEN TO BE ACTIVELY INVOLVED IN THE GRANTMAKING PROCESS. INDIVIDUALS AND FAMILIES USE THE PLATFORM OF THE ARLINGTON COMMUNITY FOUNDATION TO EXPLORE AND IMPLEMENT THEIR OWN CHARITABLE VISIONS AND MISSIONS, RECEIVING STAFF ASSISTANCE AS DESIRED. THE PRIMARY FOCUS FOR OUR DISCRETIONARY FUNDING HAS BEEN ON MITIGATING THE DISPLACEMENT OF OUR LOW-INCOME NEIGHBORS UNDER THE BROAD CATEGORY OF ECONOMIC MOBILITY INITIATIVES. THIS INCLUDES OUR PROMPT RESPONSE FUND THAT DISBURSED FUNDS TO HELP THOSE IN NEED RELATED TO THE PANDEMIC HEALTH AND ECONOMIC FALLOUT, OUR GUARANTEED INCOME PILOT, AS WELL AS OUR LONG-STANDING BRIDGES OUT OF POVERTY AND SHARED PROSPERITY INITIATIVES. WE ARE COLLABORATING WITH A NUMBER OF DIFFERENT ORGANIZATIONS THROUGH THESE INITIATIVES, INCLUDING ORGANIZATIONS IN THE BUSINESS COMMUNITY, ARLINGTON COUNTY, AND A NUMBER OF LOCAL AND NATIONAL NONPROFITS.
THE ARLINGTON COMMUNITY FOUNDATION HAS A WELL-ESTABLISHED SCHOLARSHIP PROGRAM THAT MATCHES NEARLY 200 STUDENTS WITH AWARDS EACH YEAR. GENEROUS INDIVIDUALS, FAMILIES, COMPANIES AND ORGANIZATIONS FUND THE SCHOLARSHIPS, MANY OF WHICH HAVE THEIR OWN UNIQUE ELIGIBILITY CRITERIA. INDIVIDUALS, FAMILIES AND BUSINESSES MAY CHOOSE TO ESTABLISH A NAMED SCHOLARSHIP THAT HONORS A LOVED ONE, AN EMPLOYEE OR A COMMUNITY MEMBER. THE DONOR ESTABLISHES THE CRITERIA FOR THE SCHOLARSHIP AND THE FOUNDATION'S SCHOLARSHIP COMMITTEE MANAGES THE SELECTION PROCESS FROM A BROAD AND DIVERSE CANDIDATE POOL. CRITERIA CAN BE BASED ON ATHLETIC SKILLS, ACADEMIC GRADES OR COMMUNITY SERVICE. OTHERS CONTRIBUTE TO A GENERAL POOL OF SCHOLARSHIP DOLLARS THROUGH OUR COMMUNITY SCHOLARSHIP FUND WHICH IS BROADLY RESPONSIVE TO STUDENTS IN NEED BASED ON THEIR APPLICATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jade Gong Chair | OfficerTrustee | 4 | $0 |
John Benton Vice Chair | OfficerTrustee | 4 | $0 |
Michael George Treasurer | OfficerTrustee | 2 | $0 |
Krysta Jones Secretary | OfficerTrustee | 1 | $0 |
John Andelin Trustee | Trustee | 1 | $0 |
Susan T Anderson Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $69,880 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,331,826 |
| Noncash contributions included in lines 1a–1f | $4,902,488 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,401,706 |
| Total Program Service Revenue | $47,943 |
| Investment income | $571,007 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,590,492 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,611,148 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,602,792 |
| Grants and other assistance to domestic individuals. | $479,750 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $245,891 |
| Compensation of current officers, directors, key employees. | $49,178 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $479,385 |
| Pension plan accruals and contributions | $12,254 |
| Other employee benefits | $31,660 |
| Payroll taxes | $48,371 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,949 |
| Fees for services: Accounting | $48,643 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $70,615 |
| Fees for services: Other | $150,264 |
| Advertising and promotion | $20,513 |
| Office expenses | $30,660 |
| Information technology | $11,425 |
| Royalties | $0 |
| Occupancy | $49,506 |
| Travel | $5,251 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,733 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,206 |
| Insurance | $4,870 |
| All other expenses | $0 |
| Total functional expenses | $4,957,339 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $182,814 |
| Savings and temporary cash investments | $3,094,737 |
| Pledges and grants receivable | $342,815 |
| 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 | $17,679 |
| Net Land, buildings, and equipment | $14,473 |
| Investments—publicly traded securities | $24,377,049 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $28,029,567 |
| Accounts payable and accrued expenses | $68,038 |
| Grants payable | $657,001 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $4,299,003 |
| 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 | $5,024,042 |
| Net assets without donor restrictions | $20,688,665 |
| Net assets with donor restrictions | $2,316,860 |
| 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 | $28,029,567 |
Grants Awarded
Over the last fiscal year, Arlington Community Foundation has awarded $2,068,708 in support to 52 organizations.
| Grant Recipient | Amount |
|---|---|
AHC INC PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $20,900 |
ANIMAL WELFARE LEAGUE OF ARLINGTON PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $22,750 |
ARCHDIOCESE OF WASHINGTON DC PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $10,000 |
ARLINGTON COUNTY PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $24,821 |
ARLINGTON FOOD ASSISTANCE CENTER (AFAC) PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $20,325 |
ARLINGTON FREE CLINIC PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $49,100 |