Newport News Green Foundation Inc
- Assets
- $6.1m
- Revenue
- $666.4k
- Investments
- $0.0
- Employees
- 1
- Location
- Newport News, VA
- Founding
- 09/2000
- Data as of
- 12/2021
- EIN
- 54-1964495
Organization Overview
Newport News Green Foundation Inc is located in Newport News, VA. The organization was established in 2000. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newport News Green 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 12/2021, Newport News Green Foundation Inc generated $666.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.5% each year . All expenses for the organization totaled $237.6k during the year ending 12/2021. While expenses have increased by 10.3% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE CREATION AND PRESERVATION OF GREEN SPACE IN THE CITY OF NEWPORT NEWS BY ACQUISITION, ADVOCACY AND ASSISTANCE TO OTHERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ESTABLISH NEW GREEN AREAS, MAINTAIN THEM AND INCREASE COMMUNITY AWARENESS OF OPEN SPACE AND STEWARDSHIP. THE GREEN FOUNDATION HAS ACQUIRED APPROXIMATELY 33 ACRES OF LAND, CONSISTING OF 23 PARCELS, GEOGRAPHICALLY LOCATED THROUGHOUT THE CITY ALONG MAJOR COMMERCIAL CORRIDORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tami Farinholt Executive Director | OfficerTrustee | 40 | $63,000 |
Dan Chenoweth Treasurer | OfficerTrustee | 2 | $0 |
Ruth Deibler President | OfficerTrustee | 2 | $0 |
Jay Scruggs Vice President | OfficerTrustee | 2 | $0 |
Lee Ann Zelesnikar Secretary | OfficerTrustee | 2 | $0 |
Michelle Schopp Resource Chair | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $178,044 |
| All other contributions, gifts, grants, and similar amounts not included above | $228,668 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $406,712 |
| Total Program Service Revenue | $0 |
| Investment income | $18,731 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $211,316 |
| Net Income from Fundraising Events | $4,160 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $666,405 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $63,000 |
| Compensation of current officers, directors, key employees. | $31,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,673 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $200 |
| Fees for services: Accounting | $3,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,248 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,530 |
| Office expenses | $4,090 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $498 |
| 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 | $417 |
| Insurance | $5,091 |
| All other expenses | $0 |
| Total functional expenses | $237,595 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,935 |
| 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 | $5,136,660 |
| Investments—publicly traded securities | $949,941 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,131,536 |
| Accounts payable and accrued expenses | $3,300 |
| 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 | $3,300 |
| Net assets without donor restrictions | $6,076,236 |
| Net assets with donor restrictions | $52,000 |
| 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 | $6,131,536 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Newport News Green Foundation Inc has recieved totaling $65.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $65 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
4mycity Inc Taneytown, MD | $269,763 | $70,588,044 |
Columbia Association Inc Columbia, MD | $168,635,825 | $73,239,829 |
Latino Economic Development Corporation Of Washington Dc Washington, DC | $21,296,549 | $55,386,095 |
Kennedy Krieger Education And Community Services Inc Baltimore, MD | $14,340,565 | $48,121,720 |
Mosaic Community Services Inc Timonium, MD | $34,184,592 | $47,201,258 |
Community Of Hope Inc Washington, DC | $67,233,523 | $40,561,982 |
Christian Community Development Corporation Inc Memphis, TN | $275,024,548 | $28,566,509 |
Upper East Tennessee Human Development Agency Kingsport, TN | $7,143,102 | $23,146,809 |
Pennyrile Allied Community Services Inc Hopkinsville, KY | $9,618,726 | $22,758,893 |
Hampton Roads Community Action Program Inc Newport News, VA | $4,977,691 | $24,100,051 |
Northwest Tennessee Economic Development Council Dresden, TN | $2,980,191 | $21,895,121 |
Lexington Center Corporation Lexington, KY | $378,439,328 | $16,156,810 |