Community Foundation Serving Western Virginia
- Assets
- $100.3m
- Revenue
- $12.2m
- Investments
- $39.9m
- Employees
- 9
- Location
- Roanoke, VA
- Founding
- 03/2000
- Data as of
- 06/2022
- EIN
- 54-1959458
Organization Overview
Community Foundation Serving Western Virginia is located in Roanoke, 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 Serving Western Virginia employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Serving Western Virginia 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 Serving Western Virginia generated $12.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.3% each year . All expenses for the organization totaled $7.0m during the year ending 06/2022. While expenses have increased by 2.9% per year over the past 6 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 Serving Western Virginia has awarded 946 individual grants totaling $21,521,900. 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
THE ORGANIZATION PROVIDES LEADERSHIP, RESOURCES, AND INSPIRATION FOR PHILANTHROPY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANT-MAKING AND CHARITABLE CONTRIBUTIONS AND ANNUITIES FOR COMMUNITY DEVELOPMENT. SEE SCHEDULE I FOR MORE DETAIL.
ADMINISTRATION OF FUNDS FOR GRANT-MAKING TO ENHANCE COMMUNITY DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Bailey DVM Board Member - Chair | OfficerTrustee | 0.2 | $0 |
Lauren Ellerman Board Member - Treasurer | OfficerTrustee | 0.2 | $0 |
Sherry W Davidson Board Member | Trustee | 0.2 | $0 |
Rick James Board Member | Trustee | 0.2 | $0 |
Mimi Rainero Coles Board Member | Trustee | 0.2 | $0 |
Colleen M Marston Board Member | Trustee | 0.2 | $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 | $3,012,227 |
| Noncash contributions included in lines 1a–1f | $2,366,573 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,012,227 |
| Total Program Service Revenue | $1,255,695 |
| Investment income | $754,072 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,203,686 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,225,680 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,250,056 |
| 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. | $310,443 |
| Compensation of current officers, directors, key employees. | $170,744 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $345,784 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $71,709 |
| Payroll taxes | $46,034 |
| Fees for services: Management | $1,255,695 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $29,725 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $389,007 |
| Fees for services: Other | $0 |
| Advertising and promotion | $23,460 |
| Office expenses | $20,599 |
| Information technology | $81,972 |
| Royalties | $0 |
| Occupancy | $108,183 |
| Travel | $3,363 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,874 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,697 |
| Insurance | $9,679 |
| All other expenses | $0 |
| Total functional expenses | $7,002,561 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,791,686 |
| Pledges and grants receivable | $2,390,507 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $168,559 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $52,699 |
| Net Land, buildings, and equipment | $47,071 |
| Investments—publicly traded securities | $55,902,055 |
| Investments—other securities | $39,947,225 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $100,299,802 |
| Accounts payable and accrued expenses | $47,385 |
| Grants payable | $56,750 |
| 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 | $3,803,724 |
| Total liabilities | $3,907,859 |
| Net assets without donor restrictions | $93,725,301 |
| Net assets with donor restrictions | $2,666,642 |
| 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 | $100,299,802 |
Grants Awarded
Over the last fiscal year, Community Foundation Serving Western Virginia has awarded $3,294,585 in support to 140 organizations.
| Grant Recipient | Amount |
|---|---|
ADULT CARE CENTER OF ROANOKE VALLEY PURPOSE: FOR GENERAL PURPOSES, TO SUPPORT THE SUE NUTTER SCHOLARSHIP FUND PER THE PROJECT BUDGET, AND TO SUPPORT THE NEEDS OF ELDERLY CLIENTS | $77,680 |
AGRARIAN LAND TRUST - SOUTHWEST VIRGINIA AGRARIAN COMMONS PURPOSE: DESIGNATED TO SOUTHWEST VIRGINIA AGRARIAN COMMONS | $12,000 |
AMERICAN RED CROSS ROANOKE VALLEY CHAPTER PURPOSE: FOR GENERAL PURPOSES | $19,200 |
AMERICAN SOCIETY FOR TECHNION PURPOSE: FOR GENERAL PURPOSES | $5,404 |
APPLE RIDGE FARM INC PURPOSE: DESIGNATED FOR SUMMER CAMP AND FOR GENERAL PURPOSES | $18,465 |
AVERETT UNIVERSITY PURPOSE: FOR EDUCATIONAL SCHOLARSHIP FUNDS | $26,500 |