Shenandoah Community Foundation Inc
- Assets
- $6.8m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 2
- Location
- Strasburg, VA
- Founding
- 02/2000
- Data as of
- 12/2022
- EIN
- 54-1963011
Organization Overview
Shenandoah Community Foundation Inc is located in Strasburg, VA. The organization was established in 2000. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Shenandoah Community Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shenandoah Community 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 12/2022, Shenandoah Community Foundation Inc generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 24.9% each year . All expenses for the organization totaled $1.1m during the year ending 12/2022. While expenses have increased by 24.4% 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 2020, Shenandoah Community Foundation Inc has awarded 54 individual grants totaling $1,326,728. 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 FOUNDATION PROMOTES LONG-TERM GIVING IN SHENANDOAH COUNTY AND SURROUNDING AREAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY GRANTS PROGRAM - PROVIDES GRANTS TO NON-PROFIT ORGANIZATIONS THAT BENEFIT SHENANDOAH COUNTY AND ITS RESIDENTS. 2022 GRANT RECIPIENTS WERE:- AMERICAN RED CROSS - BIG BROTHERS BIG SISTERS - BLUE RIDGE HABITAT FOR HUMANITY - BRAIN INJURY CONNECTIONS - CONCERN HOTLINE - ENRICH PROGRAM - FAMILY PROMISE OF SHENANDOAH COUNTY - FERST READERS - FRIENDS OF THE NORTH FORK OF THE SHENANDOAH RIVER- GEMEINSCHAFT HOME - HUMANE SOCIETY OF SHENANDOAH COUNTY - LFCC EDUCATIONAL FOUNDATION - POTOMAC RIVERKEEPER NETWORK - SHENANDOAH ALLIANCE FOR SHELTER - SHENANDOAH AREA AGENCY ON AGING- SHENANDOAH COMMUNITY HEALTH CLINIC - SHENANDOAH COUNTY HISTORICAL SOCIETY- SHENANDOAH COUNTY LIBRARY - SHENANDOAH COUNTY SEARCH- SHENANDOAH EDUCATION FOUNDATION-DPIL - SHEN MEM HOSPITAL FOUNDATION- SHENANDOAH VALLER LUTHERAN MINISTRIES - SHENANDOAH VALLEY MUSIC FESTIVAL- SHENANDOAH VALLEY TEEN CHALLENGE - STRASBURG COMMUNITY LIBRARY- STRENGTH IN PEERS - SUSTAINABILITY MATTERS
SCHOLARSHIP PROGRAMS PROVIDING COLLEGE AND OTHER POST-SECONDARY SCHOLARSHIPS TO SHENANDOAH COUNTY HIGH SCHOOL GRADUATES. IN 2022 SCHOLARSHIPS WERE AWARDED FROM THE FOLLOWING FUNDS:-4-H DAIRY CLUB-RUSSELL ADAMS FORT VALLEY-HELENE ALBRIGHT-JESSE A. BOLSTRIDGE #55 MEMORIAL-BRIDGEBUILDER-CHS ALUMNI-CHS CLASS OF 1978-HARRY H. COMBS-JEREMY M. COOK-JOHN C. COPP-BRANDON KELLY DAWSON MEMORIAL ATHLETIC-BONNIE B. GOCHENOUR-ADAM GOODIER MEMORIAL MUSIC-LUKE ISAAC HEIRD MEMORIAL-LEROY J. AND ANNA LEE HENRY-DORIS KNICELY-RICHARD S. KROL MEMORIAL-JOSEPH R. LEWIS SCHOLARSHIP FOR THE VISUAL ARTS-SHARON AND DENNIS LILLY-COLTON T. LINDAMOOD-MICHAEL MOREHEAD MEMORIAL-MARGE MOYERS MEMORIAL-OLIVER "BUTCH ORNDOFF SCOUTING-MILT AND MATTIE PENCE MEMORIAL-JESSICA PUMPHREY MEMORIAL-SHS CHRISTOPHER SAVILLE (JOSHUA 1:9)-SHENANDOAH SCHOLARS-SJHS ALUMNI-SJHS CLASS OF 1963-VIETNAM VETERANS OF AMERICA, CHAPTER 936-CURTIS WILLEY WARRIOR-JOE WILLIAMS-ETHEL L. WISMAN-DONALD AND MARY WOMBLE
FUNDS PROVIDING GRANTS IN 2022 FOR PURPOSES OTHER THAN COMMUNITY GRANTS AND POST-SECONDARY SCHOOL SCHOLARSHIPS:-RUSSELL ADAMS FORT VALLEY MUSEUM-DONALD H. ALBRIGHT-ART GROUP-BOWMAN-SHANNON CULTURAL ARTS-DR. JOHN AND ELIZABETH COTTRELL-ENVIRONMENTAL CONSERVATION-WARREN & PATRICIA FRENCH-GARLAND-UHL-CURTIS GROVES-CHILDREN'S INITIATIVES-WILLIAM & EVELYN LAMBERT-LOGAN CHILDREN'S INITIATIVES FUND-SUSAN P. MASSIE THEATRE-MILT & MATTIE PENCE CEMETERY-PUNKY RILEY-ROULSTON-STRASBURG EXPRESS/HOMEWOOD-JOHN DUNCAN WILBURN-WIND RIVER
THE COVID-19 EMERGENCY FUND FOR SHENANDOAH COUNTY WAS ESTABLISHED IN 2020 TO PROVIDE GRANTS TO NON-PROFIT ORGANIZATIONS AND GOVERNMENTAL AGENCIES TO MEET COVID-19 RELATED NEEDS OF RESIDENTS IN SHENANDOAH COUNTY. 2022 COVID-19 GRANT RECIPIENTS WERE:-FAMILY PROMISE-SHENANDOAH ALLIANCE FOR SHELTER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Ferguson Vice President And Directo | OfficerTrustee | 4 | $0 |
Michael Funk President And Director | OfficerTrustee | 20 | $0 |
Katherine Morrison Secretary And Director | OfficerTrustee | 4 | $0 |
Kevin Finks Treasurer And Direc | OfficerTrustee | 4 | $0 |
Beverly Butterfield Director | Trustee | 3 | $0 |
Dennis Dysart Director | Trustee | 3 | $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 | $1,031,316 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,031,316 |
| Total Program Service Revenue | $0 |
| Investment income | $206,975 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,096,862 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,336,159 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $828,350 |
| Grants and other assistance to domestic individuals. | $127,174 |
| 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 | $50,222 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,898 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,075 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $25,633 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,407 |
| Office expenses | $16,011 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,100 |
| Travel | $850 |
| 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 | $0 |
| Insurance | $2,125 |
| All other expenses | $167 |
| Total functional expenses | $1,087,379 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $555,215 |
| Savings and temporary cash investments | $0 |
| 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 | $6,268,897 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,824,112 |
| 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 | $6,824,112 |
| Net assets with donor restrictions | $0 |
| 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 | $6,824,112 |
Grants Awarded
Over the last fiscal year, Shenandoah Community Foundation Inc has awarded $723,490 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
Woodstock, VA PURPOSE: MUSIC PROGRAMS AND PERFORMANCE ARTS CENTER | $506,000 |
Verona, VA PURPOSE: FOOD | $50,000 |
Manassas, VA PURPOSE: CREATIVE COMPUTER LAB | $30,000 |
SHENANDOAH COUNTY PUBLIC SCHOOLS PURPOSE: MUSIC AND ARTS PROGRAM | $22,873 |
Woodstock, VA PURPOSE: MEDICAL | $22,750 |
Woodstock, VA PURPOSE: HOUSING AND RELATED SERVICES | $16,280 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Shenandoah Community Foundation Inc has recieved totaling $96,193.
| Awarding Organization | Amount |
|---|---|
The Community Foundation Inc Richmond, VA PURPOSE: GENERAL PURPOSES | $95,753 |
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $440 |
Endowment Analysis
| Beg. Balance | $7,859,851 |
| Earnings | -$1,060,934 |
| Admin Expense | $66,627 |
| Net Contributions | $926,931 |
| Other Expense | $4,328 |
| Grants | $955,524 |
| Ending Balance | $6,699,369 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Homefree Usa Inc Landover, MD | $5,280,798 | $17,895,333 |
Philanthropic Impact Foundation Nashville, TN | $919,847 | $18,241,201 |
University Of Louisville Real Estate Foundation Louisville, KY | $156,388,720 | $20,770,834 |
Aston Park Health Care Center Inc Asheville, NC | $17,105,214 | $12,530,764 |
James Family Charitable Foundation Charlottesville, VA | $171,150,056 | $16,638,935 |
Silver Valley Research Foundation Mclean, VA | $1,699,232 | $12,100,000 |
Helvetas Usa Washington, DC | $584,936 | $9,906,698 |
Asbury Foundation Inc Frederick, MD | $52,948,136 | $11,506,831 |
York Foundation Herndon, VA | $79,294,285 | $7,194,037 |
Taubman Foundation For The Arts Roanoke, VA | $20,057,493 | $918,229 |
Swim Across America Inc Charlotte, NC | $6,654,266 | $9,920,780 |
Schoolseed Foundation Memphis, TN | $5,107,519 | $7,793,603 |