The Community Foundation Of The Dan River Region
- Assets
- $45.9m
- Revenue
- $5.8m
- Investments
- $11.6m
- Employees
- 3
- Location
- Danville, VA
- Founding
- 02/1997
- Data as of
- 06/2022
- EIN
- 54-1823141
Organization Overview
The Community Foundation Of The Dan River Region is located in Danville, VA. The organization was established in 1997. 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, Community Foundation Of The Dan River Region employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of The Dan River Region 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, Community Foundation Of The Dan River Region generated $5.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $2.0m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Community Foundation Of The Dan River Region has awarded 431 individual grants totaling $9,337,830. 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
OUR MISSION IS TO IMPROVE AND ENRICH THE COMMUNITY THROUGH THE GENEROSITY OF DONORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IT IS THE ORGANIZATION'S VISION TO RECOGNIZE THE NEEDS AND PROVIDE RESOURCES TO IMPROVE THE QUALITY OF LIFE IN OUR COMMUNITY AND TO SERVE THE WISHES OF THE DONORS.THE MISSION OF THE COMMUNITY FOUNDATION OF THE DAN RIVER REGION IS TO IMPROVE AND ENRICH THE LIVES OF PEOPLE IN OUR COMMUNITY BY ENCOURAGING THE GENEROSITY OF THE DONORS; BY RECEIVING, MANAGING AND DISTRIBUTING IMPORTANT RESOURCES; AND BY MEETING A VARIETY OF CHARITABLE PURPOSES IN OUR COMMUNITY.WHILE THE ORGANIZATION WORKS WITH DONORS TO ESTABLISH FUNDS TO BENEFIT ANY GEOGRAPHIC AREA, THE PRIMARY SERVICE AREA IS DANVILLE/PITTSYLVANIA COUNTY, VIRGINIA AND CASWELL COUNTY, NORTH CAROLINA. DONATIONS ARE ALSO BEING SOUGHT TO BUILD UP RESOURCES FOR SOUTH BOSTON/HALIFAX COUNTY, WITH CONSIDERATION BEING GIVEN TO OTHER NEIGHBORING COUNTIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mrs Katherine Milam Executive Director | OfficerTrustee | 40 | $75,813 |
Mr Rodney Reynolds Past President | OfficerTrustee | 1 | $0 |
Mr Brian Wilson President | OfficerTrustee | 2 | $0 |
Ms Felicia Hairston Secretary | OfficerTrustee | 1 | $0 |
Mr Richard Jones Treasurer | OfficerTrustee | 1 | $0 |
Mr Richard Camp Vice President | OfficerTrustee | 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 | $2,432,948 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,432,948 |
| Total Program Service Revenue | $15,261 |
| Investment income | $1,117,176 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,212,620 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,778,092 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,227,036 |
| Grants and other assistance to domestic individuals. | $285,815 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $76,125 |
| Compensation of current officers, directors, key employees. | $31,972 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $75,541 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,784 |
| Payroll taxes | $12,272 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $45,982 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $141,368 |
| Fees for services: Other | $0 |
| Advertising and promotion | $27,296 |
| Office expenses | $7,906 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,959 |
| Travel | $2,226 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,040 |
| Insurance | $4,782 |
| All other expenses | $5,604 |
| Total functional expenses | $2,005,186 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,455 |
| Savings and temporary cash investments | $2,974,394 |
| 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 | $13,031 |
| Net Land, buildings, and equipment | $143,734 |
| Investments—publicly traded securities | $31,169,675 |
| Investments—other securities | $11,582,180 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $46,211 |
| Total assets | $45,930,680 |
| 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 | $507,780 |
| Total liabilities | $507,780 |
| Net assets without donor restrictions | $45,201,559 |
| Net assets with donor restrictions | $221,341 |
| 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 | $45,930,680 |
Grants Awarded
Over the last fiscal year, The Community Foundation Of The Dan River Region has awarded $1,177,278 in support to 66 organizations.
| Grant Recipient | Amount |
|---|---|
Danville, VA PURPOSE: FOR ITS CHARITABLE PURPOSES | $85,975 |
CITY OF DANVILLE PURPOSE: TO PURCHASE RESOURCE KITS FOR THE CITY OF DANVILLE, TO SUPPORT NEIGHBORS HELPING NEIGHBORS PROGRAM, AND TO ASSIST RESIDENTS AFFTECTED BY COVID-19 | $50,000 |
Atlanta, GA PURPOSE: UNRESTRICTED AND TO SUPPORT FAMILY SERVICES PROGRAM | $43,038 |
Danville, VA PURPOSE: FOR THE CHURCH'S CHARITABLE PURPOSES | $42,641 |
Danville, VA PURPOSE: UNRESTRICTED AND SOME GRANTS TO PROVIDE SCHOLARSHIPS, SUPPORT THE NURSING PROGRAM, THE LEADERSHIP PROGRAM AND ONLINE PROGRAM | $41,758 |
Danville, VA PURPOSE: UNRESTRICTED AND TO SUPPORT INDIVIDUALS IN THE DANVILLE AND PITTSYLVANIA COUNTY AREA WITH CANCER | $40,873 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that The Community Foundation Of The Dan River Region has recieved totaling $279,770.
| Awarding Organization | Amount |
|---|---|
Danville Regional Foundation Danville, VA PURPOSE: RE-GRANTING '20-'22 & PROFESSIONAL DEVELOPMENT | $250,900 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $23,765 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $5,100 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
| Beg. Balance | $50,931,005 |
| Earnings | -$6,077,238 |
| Net Contributions | $2,432,951 |
| Other Expense | $350,967 |
| Grants | $1,512,851 |
| Ending Balance | $45,422,900 |
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 |