Community Foundation Of The Central Blue Ridge
- Assets
- $41.6m
- Revenue
- $4.9m
- Investments
- $175.5k
- Employees
- 4
- Location
- Staunton, VA
- Founding
- 12/1993
- Data as of
- 12/2021
- EIN
- 54-1647385
Organization Overview
Community Foundation Of The Central Blue Ridge is located in Staunton, VA. The organization was established in 1993. 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 12/2021, Community Foundation Of The Central Blue Ridge employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of The Central Blue Ridge 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, Community Foundation Of The Central Blue Ridge generated $4.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $2.2m during the year ending 12/2021. While expenses have increased by 7.5% 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 2016, Community Foundation Of The Central Blue Ridge has awarded 343 individual grants totaling $6,204,597. 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
TO ENRICH THE QUALITY OF LIFE BY RESPONDING TO NEEDS AND INSPIRING PHILANTHROPY, PRIMARILY BY PROVIDING LEADERSHIP TO COMMUNITY PARTNERS, BUILDING ENDOWMENT FUNDS, AND MAKING GRANTS TO CHARITABLE ORGANIZATIONS.
Describe the Organization's Program Activity:
PROVIDES GRANTS TO NONPROFIT ORGANIZATIONS, PRIMARILY TO THOSE ORGANIZATIONS SUPPORTING THE NEEDS OF THE RESIDENTS OF STAUNTON, WAYNESBORO, AND THE COUNTIES OF AUGUSTA, HIGHLAND, AND NELSON IN VIRGINIA. ISSUES GRANTS IN RESPONSE TO APPLICATIONS SUBMITTED TO THE COMMUNITY FOUNDATION THROUGH ITS COMPETITIVE GRANT PROGRAMS, UPON THE RECOMMENDATION OF ITS DONOR-ADVISED FUND PARTNERS, AND AS DETERMINED BY ITS CEO AND BOARD OF DIRECTORS TO ADVANCE STRATEGIC INITIATIVES IN THE COMMUNITY. PROVIDES SCHOLARSHIPS ON A COMPETITIVE BASIS ON BEHALF OF INDIVIDUALS OF ALL AGES SEEKING TO FURTHER THEIR EDUCATION BY REQUESTING NOMINATION FOR AND PROVIDING CASH AWARDS TO SELECT INDIVIDUALS FOR THEIR SIGNIFICANT IMPACT UPON THE EDUCATION OF YOUTH IN STAUNTON,WAYNESBORO, AUGUSTA COUNTY AND NELSON COUNTY.
OTHER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William D Layman President/ce | OfficerTrustee | 40 | $109,830 |
Mark W Botkin Chair | OfficerTrustee | 1 | $0 |
Rick Moyers Vice Chair | OfficerTrustee | 1 | $0 |
Susan M Pereles Secretary/tr | OfficerTrustee | 1 | $0 |
Lora F Hamp Director | Trustee | 1 | $0 |
Kelly M Hyson 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 | $2,353,331 |
| Noncash contributions included in lines 1a–1f | $586,628 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,353,331 |
| Total Program Service Revenue | $0 |
| Investment income | $773,454 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,700 |
| Net Gain/Loss on Asset Sales | $1,726,098 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,896,958 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,432,238 |
| Grants and other assistance to domestic individuals. | $272,352 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $109,830 |
| Compensation of current officers, directors, key employees. | $54,915 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $147,680 |
| Pension plan accruals and contributions | $8,033 |
| Other employee benefits | $3,249 |
| Payroll taxes | $19,606 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $120,251 |
| Fees for services: Other | $11,125 |
| Advertising and promotion | $5,717 |
| Office expenses | $12,652 |
| Information technology | $2,161 |
| Royalties | $0 |
| Occupancy | $15,790 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,607 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $685 |
| Insurance | $5,959 |
| All other expenses | $0 |
| Total functional expenses | $2,225,675 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $75 |
| Savings and temporary cash investments | $1,495,962 |
| 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 | $975 |
| Net Land, buildings, and equipment | $762,624 |
| Investments—publicly traded securities | $38,934,878 |
| Investments—other securities | $175,539 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $199,371 |
| Total assets | $41,569,424 |
| Accounts payable and accrued expenses | $29,881 |
| Grants payable | $5,655 |
| 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 | $4,017,312 |
| Total liabilities | $4,052,848 |
| Net assets without donor restrictions | $15,345,762 |
| Net assets with donor restrictions | $22,170,814 |
| 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 | $41,569,424 |
Grants Awarded
Over the last fiscal year, Community Foundation Of The Central Blue Ridge has awarded $1,149,721 in support to 73 organizations.
| Grant Recipient | Amount |
|---|---|
Weyers Cave, VA PURPOSE: GENERAL SUPPORT | $84,760 |
Staunton, VA PURPOSE: GENERAL SUPPORT | $69,063 |
Staunton, VA PURPOSE: GENERAL SUPPORT | $66,387 |
SIN BARRERAS WITHOUT BARRIERS PURPOSE: GENERAL SUPPORT | $63,500 |
Staunton, VA PURPOSE: GENERAL SUPPORT | $60,680 |
Waynesboro, VA PURPOSE: GENERAL SUPPORT | $56,425 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Community Foundation Of The Central Blue Ridge has recieved totaling $63,723.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $47,150 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $11,068 |
Ruskin-Zafren Foundation Pennington, NJ PURPOSE: UNRESTRICTED GENERAL | $5,000 |
Gregg And Freddy Goldenberg Family Foundation Wilmington, DE PURPOSE: THE CHRISTOPHER DEWITT CHRIS ROCKWELL MEMORIAL SCHOLARSHIP FUND | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
| Beg. Balance | $4,018,158 |
| Ending Balance | $4,018,158 |
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 |