Investco Foundation
- Assets
- $1.0m
- Revenue
- $209.0k
- Investments
- $876.5k
- Employees
- 0
- Location
- Vinton, VA
- Founding
- 12/1995
- Data as of
- 12/2022
- EIN
- 54-1779684
Organization Overview
Investco Foundation is located in Vinton, VA. The organization was established in 1995. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Investco 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 12/2022, Investco Foundation generated $209.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $96.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Investco Foundation has awarded 100 individual grants totaling $292,000. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE - CONTRIBUTIONS MADE TO ORGANIZED CHARITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald W Ernest Director | 1 | $0 | |
Douglas Densmore President | 1 | $0 | |
Teresa Flinchum Treasurer | 1 | $0 | |
Dan Overstreet Secretary | 1 | $0 | |
Garland Kidd Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $152,000 |
| Interest on Savings | $557 |
| Dividends & Interest | $16,211 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $40,258 |
| Capital Gain Net Income | $40,258 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $209,026 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $390 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,997 |
| Total operating and administrative expenses | $11,412 |
| Contributions, gifts, grants paid | $85,000 |
| Total expenses and disbursements | $96,412 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $137,460 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,014,000 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Investco Foundation has awarded $85,000 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY FOUNDATION OF WESTERN VIRGINIA PURPOSE: ORGANIZED CHARITY | $1,000 |
NATIONAL D-DAY MEMORIAL FOUNDATION PURPOSE: ORGANIZED CHARITY | $10,000 |
FEEDING AMERICA SOUTHWEST VIRGINIA PURPOSE: ORGANIZED CHARITY | $10,000 |
BRADLEY FREE CLINIC PURPOSE: ORGANIZED CHARITY | $7,000 |
GODS PIT CREW PURPOSE: ORGANIZED CHARITY | $10,000 |
ANGELS OF ASSISI PURPOSE: ORGANIZED CHARITY | $7,000 |