Hampton Roads Community Foundation
- Assets
- $500.0m
- Revenue
- $22.1m
- Investments
- $437.6m
- Employees
- 17
- Location
- Norfolk, VA
- Founding
- 09/2001
- Data as of
- 12/2023
- EIN
- 54-2035996
Organization Overview
Hampton Roads Community Foundation is located in Norfolk, VA. The organization was established in 2001. 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 12/2023, Hampton Roads Community Foundation employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hampton Roads Community Foundation 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 12/2023, Hampton Roads Community Foundation generated $22.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $30.8m during the year ending 12/2023. While expenses have increased by 4.2% 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 2014, Hampton Roads Community Foundation has awarded 6,058 individual grants totaling $177,575,461. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
MAKE LIFE BETTER IN HAMPTON ROADS THROUGH LEADERSHIP, PHILANTHROPY, AND CIVIC ENGAGEMENT.
Describe the Organization's Program Activity:
THE FOUNDATION MAKES GRANTS TO NONPROFIT ORGANIZATIONS FROM UNRESTRICTED, FIELD-OF-INTEREST, DESIGNATED AND DONOR-ADVISED FUNDS, WITH THE PURPOSE OF IMPROVING LIFE IN SOUTHEASTERN VIRGINIA.
THE FOUNDATION PROVIDES SCHOLARSHIPS TO STUDENTS FROM SOUTHEASTERN VIRGINIA IN ACCORDANCE WITH THE TERMS OF THE APPROXIMATELY 78 SCHOLARSHIP FUNDS IT HOLDS.
THE FOUNDATION PROVIDES SUPPORT SERVICES TO NONPROFIT ORGANIZATIONS AND DONORS TO ENSURE EFFECTIVE GRANTMAKING.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ld Britt MD Director | Trustee | 0.5 | $0 |
Deborah M Dicroce President, Secretary & CEO | OfficerTrustee | 40 | $349,091 |
Frank Batten Jr Director & Vice Chair | OfficerTrustee | 0.5 | $0 |
Dawn S Glynn Treasurer | OfficerTrustee | 0.5 | $0 |
Sharon S Goodwyn Director & Chair | OfficerTrustee | 0.5 | $0 |
Suzanne Puryear Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fsg Inc Consulting | 12/30/16 | $148,213 |
Futures Inc Consulting | 12/30/16 | $125,000 |
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 | $19,936,907 |
| Noncash contributions included in lines 1a–1f | $6,226,932 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,936,907 |
| Total Program Service Revenue | $0 |
| Investment income | $2,172,783 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $25,430 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,135,120 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,693,266 |
| Grants and other assistance to domestic individuals. | $1,603,335 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $586,387 |
| Compensation of current officers, directors, key employees. | $424,514 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,394,819 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $172,505 |
| Payroll taxes | $132,006 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $66,463 |
| Fees for services: Other | $204,848 |
| Advertising and promotion | $69,363 |
| Office expenses | $212,284 |
| Information technology | $4,531 |
| Royalties | $0 |
| Occupancy | $325,487 |
| Travel | $44,838 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $178,103 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,166 |
| Insurance | $17,199 |
| All other expenses | $0 |
| Total functional expenses | $30,843,147 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $36,310,000 |
| Pledges and grants receivable | $5,353,064 |
| 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 | $120,843 |
| Investments—publicly traded securities | $18,434,110 |
| Investments—other securities | $437,626,634 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,132,065 |
| Total assets | $499,976,716 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $1,355,030 |
| 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 | $22,544,050 |
| Total liabilities | $23,899,080 |
| Net assets without donor restrictions | $470,475,895 |
| Net assets with donor restrictions | $5,601,741 |
| 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 | $499,976,716 |
Grants Awarded
Over the last fiscal year, Hampton Roads Community Foundation has awarded $24,424,687 in support to 286 organizations.
| Grant Recipient | Amount |
|---|---|
200 MEN FOUNDATION PURPOSE: EDUCATION | $17,410 |
ABILITY CENTER OF VIRGINIA PURPOSE: DISABLED | $8,590 |
ACCESS COLLEGE FOUNDATION PURPOSE: EDUCATION | $231,819 |
AMERICAN HEART ASSOCIATION - MID ATLANTIC PURPOSE: HEALTH | $79,288 |
AMERICAN RED CROSS OF COASTAL VIRGINIA PURPOSE: HUMAN SERVICES | $106,044 |
ALL DISTRICT READS PURPOSE: EDUCATION | $13,200 |