The Community Foundation Of Harrisonburg And Rockingham County
- Assets
- $75.5m
- Revenue
- $13.5m
- Investments
- $0.0
- Employees
- 6
- Location
- Harrisonburg, VA
- Founding
- 02/2000
- Data as of
- 06/2023
- EIN
- 54-1920746
Organization Overview
The Community Foundation Of Harrisonburg And Rockingham County is located in Harrisonburg, VA. The organization was established in 2000. 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 06/2023, Community Foundation Of Harrisonburg And Rockingham County employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of Harrisonburg And Rockingham County 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, Community Foundation Of Harrisonburg And Rockingham County generated $13.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $8.5m during the year ending 06/2023. While expenses have increased by 9.5% per year over the past 8 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, Community Foundation Of Harrisonburg And Rockingham County has awarded 1,349 individual grants totaling $65,253,363. 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
WE MAKE IT EASY TO GIVE BACK TO THE COMMUNITY WE LOVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO STRENGTHEN OUR COMMUNITY:THE COMMUNITY FOUNDATION (TCF) GRANTS CONTINUE TO FLOURISH, PROVIDING FINANCIAL SUPPORT THROUGH OVER 1,200 GRANTS PRIMARILY MADE TO LOCAL ORGANIZATIONS. OVER $6 MILLION IN GRANTS WERE AWARDED TO MORE THAN 450 NONPROFIT ORGANIZATIONS SERVING IN THE AREAS OF HUMAN SERVICES, EDUCATION, HEALTH, ARTS, ANIMAL WELFARE, ENVIRONMENT, HISTORIC PRESERVATION, RECREATION, AND FAITH-BASED PROGRAMS. TCF ALSO PUBLISHES AN ANNUAL GIVING GUIDE WHICH HIGHLIGHTS THE NEEDS OF LOCAL NONPROFITS AND HELPS INFORM DONORS ABOUT HOW THEY CAN EASILY GIVE BACK TO THE COMMUNITY WE LOVE.
ADMINISTRATIVE SUPPORT:TCF PARTNERS WITH LOCAL NONPROFITS TO RECEIPT, MANAGE, AND INVEST FUNDS, INCLUDING MANAGEMENT FOR COMPLEX FUNDS SUCH AS ENDOWMENTS, RAINY DAY FUNDS, OR CAPITAL CAMPAIGNS. TCF ALSO PROVIDES OFFICE AND MEETING SPACE AT A REASONABLE COST TO LOCAL NONPROFITS. THESE SUPPORTING SERVICES HELP NONPROFITS WITH LIMITED INTERNAL RESOURCES INCREASE THEIR CAPACITY AND FOCUS ON THEIR MISSION-RELATED PROGRAMS TO SUPPORT THE COMMUNITY WE LOVE.
EDUCATION PROGRAM SERVICE AREA:TCF ADMINISTERS SCHOLARSHIPS FOR LOCAL STUDENTS MOSTLY LOCATED IN HARRISONBURG AND ROCKINGHAM COUNTY. SCHOLARSHIP AWARDS ARE BASED ON CRITERIA ESTABLISHED IN PARTNERSHIP WITH THE DONOR, SUCH AS FINANCIAL NEED, ACADEMIC SUCCESS, OR A SPECIFIC COURSE OF STUDY. SCHOLARSHIP AWARDS THIS YEAR SUPPORTED NEARLY 70 STUDENTS THROUGH RENEWABLE AND ONE-TIME SCHOLARSHIPS TOTALING OVER $622,000. ADDITIONALLY, TCF IS AN APPROVED VIRGINIA SCHOLARSHIP FOUNDATION AND DISTRIBUTED MORE THAN $600,000 TO LOCAL PRIVATE SCHOOLS THROUGH VIRGINIA'S TAX CREDIT PROGRAM. THE PROGRAM HELPS MAKE PRIVATE EDUCATION MORE AFFORDABLE FOR ELIGIBLE FAMILIES THROUGH THE SUPPORT OF GENEROUS DONORS.
PROGRAM INITIATIVES:TCF HOSTS THE GREAT COMMUNITY GIVE, A COMMUNITY-WIDE GIVING DAY FOR LOCAL NONPROFIT ORGANIZATIONS. THIS YEAR, THE EVENT ENGAGED MORE THAN 7,600 DONORS AND RAISED OVER $2 MILLION FOR 148 NONPROFIT ORGANIZATIONS. TCF ALSO INITIATED THE DOLLY PARTON'S IMAGINATION LIBRARY PROGRAM TO BENEFIT HARRISONBURG AND ROCKINGHAM COUNTY'S YOUNGEST MEMBERS. THIS PROGRAM MAILS FREE, AGE-APPROPRIATE BOOKS EACH MONTH TO ANY CHILD IN THE COMMUNITY FROM BIRTH TO 5 YEARS OLD. OVER 23,000 BOOKS WERE MAILED THIS YEAR, PREPARING CHILDREN FOR KINDERGARTEN WHILE HELPING THEIR LITTLE MINDS GROW. TCF PROVIDES ON-GOING EDUCATIONAL OPPORTUNITIES FOR STAFF AND BOARDS OF NONPROFIT ORGANIZATIONS THROUGH EXCELLENCE IN NONPROFIT LEADERSHIP WORKSHOPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donna Harper Chair | OfficerTrustee | 2 | $0 |
Dale Hulvey Past Chair | Trustee | 1 | $0 |
Kevin Flint Vice Chair | OfficerTrustee | 1 | $0 |
Lindsay Brubaker Secretary | OfficerTrustee | 1 | $0 |
Ande Banks Director | Trustee | 1 | $0 |
Trish Davidson 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 | $11,393,748 |
| Noncash contributions included in lines 1a–1f | $6,539,205 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,393,748 |
| Total Program Service Revenue | $52,345 |
| Investment income | $2,209,620 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $39,184 |
| Net Gain/Loss on Asset Sales | -$223,627 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,457,624 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,427,691 |
| 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. | $132,708 |
| Compensation of current officers, directors, key employees. | $48,359 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $348,560 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $30,535 |
| Payroll taxes | $36,196 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,501 |
| Fees for services: Accounting | $32,481 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $167,906 |
| Fees for services: Other | $82,104 |
| Advertising and promotion | $16,356 |
| Office expenses | $14,010 |
| Information technology | $14,660 |
| Royalties | $0 |
| Occupancy | $45,286 |
| Travel | $137 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,760 |
| Interest | $4 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $38,041 |
| Insurance | $18,054 |
| All other expenses | $0 |
| Total functional expenses | $8,526,165 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,256,519 |
| Savings and temporary cash investments | $1,615,067 |
| Pledges and grants receivable | $1,964,726 |
| Accounts receivable, net | $304 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $191,875 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $84,403 |
| Net Land, buildings, and equipment | $1,032,737 |
| Investments—publicly traded securities | $66,878,904 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $5,023 |
| Other assets | $1,427,182 |
| Total assets | $75,456,740 |
| Accounts payable and accrued expenses | $13,216 |
| Grants payable | $592,300 |
| Deferred revenue | $44 |
| 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 | $7,349,567 |
| Total liabilities | $7,955,127 |
| Net assets without donor restrictions | $64,581,344 |
| Net assets with donor restrictions | $2,920,269 |
| 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 | $75,456,740 |
Grants Awarded
Over the last fiscal year, The Community Foundation Of Harrisonburg And Rockingham County has awarded $6,733,736 in support to 152 organizations.
| Grant Recipient | Amount |
|---|---|
ALLEGHENY MOUNTAIN INSTITUTE PURPOSE: EDUCATION | $58,300 |
ALLIANCE FOR THE SHENANDOAH VALLEY PURPOSE: ENVIRONMENTAL INITIATIVES | $8,300 |
ADAGIO HOUSE PURPOSE: HEALTHCARE, MENTAL HEALTHCARE | $9,157 |
AMERICAN RED CROSS - CENTRAL VA CHAPTER PURPOSE: HUMAN SERVICES, HEALTHCARE | $12,900 |
ARTS COUNCIL OF THE VALLEY PURPOSE: ARTS, CULTURE | $41,879 |
AVA CARE PURPOSE: HEALTHCARE | $12,350 |