Bernardine Franciscan Sisters Foundation Inc
- Assets
- $21.1m
- Revenue
- $499.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Newport News, VA
- Founding
- 03/1946
- Data as of
- 06/2023
- EIN
- 54-1822675
Organization Overview
Bernardine Franciscan Sisters Foundation Inc is located in Newport News, VA. The organization was established in 1946. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Bernardine Franciscan Sisters Foundation Inc 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 06/2023, Bernardine Franciscan Sisters Foundation Inc generated $499.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.9%) each year. All expenses for the organization totaled $1.2m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Bernardine Franciscan Sisters Foundation Inc has awarded 142 individual grants totaling $5,679,249. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND SUPPORT HEALTH, CARE AND CHARITABLE WORKS OF THE BERNARDINE SISTERS OF THE THIRD ORDER OF ST. FRANCIS BY FINANCIALLY SUPPORTING AND PROMOTING THEIR CHARITABLE ENDEAVORS AS WELL AS WORKS RELATED TO THE HEALTHCARE, EDUCATION AND HUMAN SERVICE NEEDS OF THE VIRGINIA PENINSULA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION'S MISSION IS TO FURTHER THE MISSION OF THE BERNARDINE SISTERS OF THE THIRD ORDER OF ST. FRANCIS BY FINANCIALLY SUPPORTING AND PROMOTING THEIR CHARITABLE WORKS AS WELL AS WORKS RELATED TO THE HEALTHCARE, EDUCATION AND HUMAN SERVICE NEEDS OF THE VIRGINIA PENINSULA. THE FOUNDATION SEEKS TO IMPROVE HUMAN CONDITIONS ON THE VIRGINIA PENINSULA BY PROVIDING FUNDING AND ASSISTANCE TO AGENCIES THAT ADDRESS THE NEEDS IN OUR COMMUNITY, ESPECIALLY AS RELATES TO THE POOR AND THE DISADVANTAGED. SEE SCHEDULE I.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Burley Trustee/dire | Trustee | 1 | $0 |
Michelle Ferebee Trustee/dire | Trustee | 1 | $0 |
James Gray Trustee/dire | Trustee | 1 | $0 |
Sister Madonna Marie Harvath Trustee/dire | Trustee | 1 | $0 |
Gene Jordan Trustee/dire | Trustee | 1 | $0 |
Sister John Ann Proach Trustee/dire | 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 | $1,892 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,892 |
| Total Program Service Revenue | $0 |
| Investment income | $361,970 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $135,300 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $499,162 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $995,364 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $65,490 |
| Fees for services: Other | $25,959 |
| Advertising and promotion | $0 |
| Office expenses | $4,716 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,227 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,500 |
| All other expenses | $84 |
| Total functional expenses | $1,161,504 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,196 |
| Savings and temporary cash investments | $701,943 |
| 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 | $20,354,681 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $21,088,820 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $15,540,701 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $5,548,119 |
| Total liabilities and net assets/fund balances | $21,088,820 |
Grants Awarded
Over the last fiscal year, Bernardine Franciscan Sisters Foundation Inc has awarded $990,872 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
ACCESS VIRGINIA PURPOSE: SEE STMT 1 IN SEC IV | $15,000 |
BERNARDINE SISTER OF THE THIRDORDER OF ST FRANCIS PURPOSE: SEE STMT 3 IN SEC IV | $364,440 |
ALTERNATIVES INC PURPOSE: SEE STMT 2 IN SEC IV | $15,000 |
C WALDO SCOTT CENTER FOR HOPE PURPOSE: SEE STMT 4 IN SEC IV | $15,000 |
CARE NET PENINSULA PURPOSE: SEE STMT 4 IN SEC IV | $15,000 |
CENTER FOR CHILD AND FAMILY SERVICE PURPOSE: SEE STMT 6 IN SEC IV | $16,047 |