Peninsula Community Foundation Of Virginia
- Assets
- $15.7m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 5
- Location
- Hampton, VA
- Founding
- 03/2002
- Data as of
- 12/2022
- EIN
- 54-2057957
Organization Overview
Peninsula Community Foundation Of Virginia is located in Hampton, VA. The organization was established in 2002. 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 12/2022, Peninsula Community Foundation Of Virginia employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Peninsula Community Foundation Of 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 12/2022, Peninsula Community Foundation Of Virginia generated $2.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.7%) each year. All expenses for the organization totaled $2.7m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (6.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Peninsula Community Foundation Of Virginia has awarded 389 individual grants totaling $9,552,261. 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
TO INSPIRE PHILANTHROPY BY OFFERING DONORS FLEXIBLE CHARITABLE FUND OPTIONS WITH A LONG-TERM GOAL OF BUILDING PERMANENT ENDOWMENT FUNDS PRIMARILY FOR THE BROAD-BASED CHARITABLE BENEFIT OF THE RESIDENTS OF THE PENINSULA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION MAKES GRANTS TO NONPROFIT ORGANIZATIONS FROM UNRESTRICTED AND DONOR-ADVISED FUNDS PRIMARILY FOR THE BROAD-BASED CHARITABLE BENEFIT OF THE RESIDENTS OF THE VIRGINIA PENINSULA.
OTHER PROJECTS 1,888
THE FOUNDATION PROVIDED ASSISTANCE TO 57 INDIVIDUALS FOLLOWING A NATURAL OR CIVIL DISASTER OR SERIES OF SUDDEN OR UNEXPECTED EVENTS OR CIRCUMSTANCES BEYOND THE INDIVIDUALS'S REASONABLE CONTROL THROUGH VARIOUS EMPLOYEE AND FAMILY RELIEF FUNDS.
THE FOUNDATION PROVIDED COLLEGE SCHOLARSHIPS TO 226 STUDENTS THROUGH VARIOUS DONOR ADVISED FUNDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael A Monteith Chief Exec O | OfficerTrustee | 40 | $122,595 |
Wallace Arnold Director | Trustee | 0.38 | $0 |
Anna Van Buren Director | Trustee | 0.38 | $0 |
Lawrence G Cumming Board Treasu | Trustee | 0.38 | $0 |
Kathy Edwards Director | Trustee | 0.38 | $0 |
Rick Gallaer Director | Trustee | 0.38 | $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 | $2,427,588 |
| Noncash contributions included in lines 1a–1f | $298,602 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,427,588 |
| Total Program Service Revenue | $207,785 |
| Investment income | $423,257 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$485,806 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,572,824 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,655,613 |
| Grants and other assistance to domestic individuals. | $351,332 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $122,596 |
| Compensation of current officers, directors, key employees. | $61,298 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $204,647 |
| Pension plan accruals and contributions | $8,634 |
| Other employee benefits | $0 |
| Payroll taxes | $24,908 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,375 |
| Fees for services: Accounting | $15,148 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $78,319 |
| Fees for services: Other | $1,474 |
| Advertising and promotion | $25,309 |
| Office expenses | $25,888 |
| Information technology | $19,243 |
| Royalties | $0 |
| Occupancy | $8,054 |
| Travel | $1,368 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,858 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,361 |
| Insurance | $5,485 |
| All other expenses | $0 |
| Total functional expenses | $2,744,440 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $380,646 |
| Savings and temporary cash investments | $177,346 |
| 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 | $290,475 |
| Investments—publicly traded securities | $14,838,442 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,686,909 |
| Accounts payable and accrued expenses | $3,096 |
| Grants payable | $0 |
| Deferred revenue | $11,600 |
| 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 | $14,696 |
| Net assets without donor restrictions | $7,073,607 |
| Net assets with donor restrictions | $8,598,606 |
| 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 | $15,686,909 |
Grants Awarded
Over the last fiscal year, Peninsula Community Foundation Of Virginia has awarded $1,118,904 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
CHILD DEVELOPMENT RESOURCES PURPOSE: GENERAL SUPPORT | $128,000 |
20 PEARLS FOUNDATION PURPOSE: GENERAL SUPPORT | $5,757 |
CHILDREN'S HOSPITAL OF KINGS DAUGHT PURPOSE: GENERAL SUPPORT | $25,000 |
DENBIGH UNITED PRESBYTERIAN CHURCH PURPOSE: GENERAL SUPPORT | $10,000 |
COLONIAL WILLIAMSBURG FOUNDATION PURPOSE: GENERAL SUPPORT | $10,000 |
ELIJAH HOUSE ACADEMY PURPOSE: GENERAL SUPPORT | $25,000 |