Community Foundation Of The Virginias Inc
- Assets
- $15.8m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 2
- Location
- Bluefield, WV
- Founding
- 08/1993
- Data as of
- 12/2021
- EIN
- 55-0724623
Organization Overview
Community Foundation Of The Virginias Inc is located in Bluefield, WV. The organization was established in 1993. 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 12/2021, Community Foundation Of The Virginias Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of The Virginias 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, Community Foundation Of The Virginias Inc generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.7% each year . All expenses for the organization totaled $890.4k during the year ending 12/2021. While expenses have increased by 12.0% 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.
Since 2017, Community Foundation Of The Virginias Inc has awarded 35 individual grants totaling $493,063. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE PHILANTHROPY BY FOSTERING CHARITABLE GIVING, SERVING OUR DONORS' INTERESTS, AND EFFECTIVELY RESPONDING TO OUR COMMUNITIES' NEEDS AND OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE EDUCATION, HEALTH, BEAUTIFICATION, YOUTH, AND RECREATION IN THE GREATER SOUTHERN WEST VIRGINIA & SOUTH WEST VIRGINIA AREAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Shott Executive Director | Trustee | 20 | $20,769 |
Betty Bailey Secretary | OfficerTrustee | 1 | $0 |
Gene Bailey Vice President | OfficerTrustee | 1 | $0 |
Julie Johnson Treasurer | OfficerTrustee | 1 | $0 |
Dan Shortridge President | OfficerTrustee | 1 | $0 |
Jack Asbury Board Member | Trustee | 1 | $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 | $907,356 |
| Noncash contributions included in lines 1a–1f | $107,134 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $907,356 |
| Total Program Service Revenue | $0 |
| Investment income | $249,180 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,000 |
| Net Gain/Loss on Asset Sales | $414,513 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,574,049 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $425,280 |
| Grants and other assistance to domestic individuals. | $259,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $20,769 |
| Compensation of current officers, directors, key employees. | $20,024 |
| Compensation to disqualified persons | $34,560 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,076 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,782 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $539 |
| Office expenses | $2,198 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $10,100 |
| Insurance | $5,519 |
| All other expenses | $10,452 |
| Total functional expenses | $890,438 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $379,767 |
| 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 | $241,558 |
| Investments—publicly traded securities | $15,153,500 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,774,825 |
| 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 | $1,984 |
| Total liabilities | $1,984 |
| Net assets without donor restrictions | $5,128,857 |
| Net assets with donor restrictions | $10,643,984 |
| 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 | $15,774,825 |
Grants Awarded
Over the last fiscal year, Community Foundation Of The Virginias Inc has awarded $112,780 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
HEAVEN SENT MINISTRIES PURPOSE: SUPPORT THE MISSION OF THE ORGANIZATION | $33,000 |
ABWE PURPOSE: SUPPORT THE MISSION OF THE ORGANIZATION | $30,000 |
SACRED HEART FOOD PANTRY PURPOSE: SUPPORT THE MISSION OF THE ORGANIZATION | $18,580 |
Forest, VA PURPOSE: SUPPORT THE MISSION OF THE ORGANIZATION | $15,000 |
FELLOWSHIP INTERNATIONAL PURPOSE: ASSIST POLICE AND FIRE DEPARTMENTS, PARKS AND RECREATION, AND OTHER GENERAL | $10,000 |
BLUEFIELD BEAUTIFICATION COMMISSION PURPOSE: SUPPORT THE MISSION OF THE ORGANZIATION | $6,200 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Community Foundation Of The Virginias Inc has recieved totaling $102,328.
| Awarding Organization | Amount |
|---|---|
Trust Under The Will Of Dr Mary June Wall Tazewell, VA PURPOSE: GENERAL OPERATING SUPPORT | $80,000 |
Marshall Miller Foundation Hilton Head Island, SC PURPOSE: SCHOLARSHIPS | $15,000 |
Ennio And Rosa Corte Foundation Inc Bluefield, VA PURPOSE: CHARITABLE | $5,000 |
Lantry Family Foundation Washington, DC PURPOSE: IN SUPPORT OF THE TREY MCPHERSON SCHOLARSHIP FUND. | $1,000 |
Shott-Baker Family Foundation Inc Bluefield, WV PURPOSE: CHARITABLE | $500 |
Jam Family Foundation Inc Bluefield, WV PURPOSE: CHARITABLE | $500 |
Endowment Analysis
| Beg. Balance | $9,804,426 |
| Earnings | $373,255 |
| Net Contributions | $889,357 |
| Grants | $423,054 |
| Ending Balance | $10,643,984 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pittsburgh Foundation Pittsburgh, PA | $1,354,368,497 | $110,535,351 |
Philadelphia Foundation Philadelphia, PA | $669,216,014 | $72,684,648 |
The Community Foundation Inc Richmond, VA | $859,349,771 | $152,790,051 |
The Community Foundation Of Louisville Inc Louisville, KY | $675,486,716 | $70,628,491 |
Dayton Foundation Dayton, OH | $614,105,736 | $82,530,515 |
Charlottesville Area Community Foundation Charlottesville, VA | $339,690,669 | $77,610,040 |
Baltimore Community Foundation Inc Baltimore, MD | $302,066,491 | $73,158,770 |
Hampton Roads Community Foundation Norfolk, VA | $431,066,210 | $16,919,172 |
Akron Community Foundation Akron, OH | $274,088,705 | $39,277,326 |
Dayton Foundation Depository Dayton, OH | $38,449,497 | $25,927,776 |
Toledo Community Foundation Toledo, OH | $169,770,837 | $23,444,286 |
Blue Grass Community Foundation Inc Lexington, KY | $132,271,880 | $24,051,212 |