Parkersburg Area Community Foundation Inc
- Assets
- $74.9m
- Revenue
- $13.2m
- Investments
- $0.0
- Employees
- 6
- Location
- Parkersburg, WV
- Founding
- 04/2007
- Data as of
- 06/2022
- EIN
- 55-0748246
Organization Overview
Parkersburg Area Community Foundation Inc is located in Parkersburg, WV. The organization was established in 2007. 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 06/2022, Parkersburg Area Community Foundation Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Parkersburg Area 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 06/2022, Parkersburg Area Community Foundation Inc generated $13.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.8% each year . All expenses for the organization totaled $4.6m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Parkersburg Area Community Foundation Inc has awarded 709 individual grants totaling $21,845,210. 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
REFER TO SCHEDULE O FOR CONTINUATION: CORPORATE FORM OF PUBLIC CHARITY COMMUNITY CHARITABLE FOUNDATION ORGANIZATION DISTRIBUTING GRANTS TO CHARITABLE OR NON-PROFIT ORGANIZATIONS. ALSO AWARDING COMPETITIVE GRANTS, DISTRIBUTIONS, AND SCHOLARSHIPS THROUGH AN APPLICATION AND REVIEW PROCESS. THE FOCUS OF THE AWARDS IS TOWARD EDUCATION, WELFARE ENHANCEMENT, CIVIC PROJECTS, AND COMMUNITY BETTERMENT THROUGH GRANTS TO QUALIFIED ORGANIZATIONS AND COMPETITIVE SCHOLARSHIPS TO INDIVIDUALS IN THE GREATER MID-OHIO VALLEY AND SURROUNDING AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY ACTION GRANTS AND HORNBROOK FUND GRANTS THAT ARE AWARDED VIA A COMPETITIVE GRANT MAKING PROCESS FROM THE FOUNDATION'S UNRESTRICTED AND FIELD-OF-INTEREST FUNDS.
SCHOLARSHIP RECIPIENTS; FUNDS LIST SPECIFIC CRITERIA BY WHICH RECIPIENTS ARE TO BE CHOSEN. THIS INCLUDES FINANCIAL NEED AND ACADEMIC ACHIEVEMENT. SCHOLARSHIP REVIEW COMMITTEES ARE ESTABLISHED BY THE FOUNDATION ACCORDING TO ITS 'SCHOLARSHIP POLICY', AND IN COMPLIANCE WITH H.R.4. MEMBERS TO SUCH COMMITTEES ARE APPROVED BY THE FOUNDATION'S BOARD ANNUALLY AND ASSIST IN THE REVIEW OF CANDIDATES BASED ON THE FUND'S SELECTION CRITERIA AND RECOMMEND RECIPIENTS TO THE FOUNDATION'S BOARD. ALL SCHOLARSHIPS ARE AWARDED WITHOUT REGARD TO RACE, SEX, OR CREED. RECIPIENTS ARE REQUIRED TO SUBMIT EVIDENCE OF POST-HIGH SCHOOL QUALIFIED EDUCATIONAL INSTITUTION ENROLLMENT, AND SUBMIT TRANSCRIPTS OR OTHER EVIDENCE OF ACADEMIC PROGRESS EACH YEAR.
GRANTMAKING FROM ALL OTHER RESTRICTED FUNDS, SPECIAL CAMPAIGNS AND GRANTS RECEIVED BY THE FOUNDATION AND DISTRIBUTED BY THE FOUNDATION FOR THEIR INTENDED PURPOSES. THIS INCLUDES: DESIGNATED FUNDS, DONOR ADVISED FUNDS AND AGENCY ENDOWMENT AND AGENCY DESIGNATED FUNDS; THE GIVE LOCAL MOV CAMPAIGN; AND GRANTS ASSIGNED TO SPECIFIC PROJECTS, GEOGRAPHIC COMMUNITIES AND GRANTS FOR ADMINISTRATIVE PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judy Sjostedt Executive Director | Officer | 50 | $140,590 |
Ann Beck Secretary | OfficerTrustee | 1 | $0 |
Randy Dick Treasurer | OfficerTrustee | 1 | $0 |
Marie E Caltrider Vice Chair | OfficerTrustee | 1 | $0 |
Robert Wright Board Chair | OfficerTrustee | 1 | $0 |
Greg Cottrill 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 | $8,886,827 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,886,827 |
| Total Program Service Revenue | $0 |
| Investment income | $1,799,893 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,728,153 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,155,052 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,194,015 |
| Grants and other assistance to domestic individuals. | $434,881 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $140,590 |
| Compensation of current officers, directors, key employees. | $96,133 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $212,188 |
| Pension plan accruals and contributions | $8,272 |
| Other employee benefits | $6,180 |
| Payroll taxes | $28,375 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $46,547 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $332,609 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,047 |
| Office expenses | $159,519 |
| 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 | $6,340 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,216 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,614,483 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,566,124 |
| 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 | $290,632 |
| Investments—publicly traded securities | $72,964,857 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $57,266 |
| Total assets | $74,878,879 |
| Accounts payable and accrued expenses | $8,084 |
| Grants payable | $696,046 |
| 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 | $2,728,817 |
| Total liabilities | $3,432,947 |
| Net assets without donor restrictions | $9,396,067 |
| Net assets with donor restrictions | $62,049,865 |
| 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 | $74,878,879 |
Grants Awarded
Over the last fiscal year, Parkersburg Area Community Foundation Inc has awarded $2,505,606 in support to 112 organizations.
| Grant Recipient | Amount |
|---|---|
Parkersburg, WV PURPOSE: YOUTH & FAMILY | $171,839 |
Parkersburg, WV PURPOSE: EDUCATION | $142,500 |
Parkersburg, WV PURPOSE: ARTS, CULTURE, & HISTORY | $97,097 |
Parkersburg, WV PURPOSE: SUBSTANCE USE DISORDERS | $95,540 |
Parkersburg, WV PURPOSE: DISABILITY SERVICES | $89,577 |
Parkersburg, WV PURPOSE: HUMAN SERVICES | $86,724 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Parkersburg Area Community Foundation Inc has recieved totaling $12,061.
| Awarding Organization | Amount |
|---|---|
Sisters Of St Joseph Charitable Fund Inc Parkersburg, WV PURPOSE: TO PROMOTE HEALTH AND WELLNESS | $10,000 |
Virginia L Neptune Charitable Foundation Parkersburg, WV PURPOSE: GIVE LOCAL MOV FOR HELP WITH LOCAL NON PROFITS AND EMPLOYMENT PROGRAMS TO ASSIST COLLEGE STUDENTS WITH FINDING CAREER RELATED INTERNSHIPS AND SUMMER WORK. | $2,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $61 |
Endowment Analysis
| Beg. Balance | $72,382,551 |
| Earnings | -$8,712,712 |
| Net Contributions | $8,260,245 |
| Grants | $2,730,678 |
| Ending Balance | $69,199,406 |