Greater Greenbrier Valley Community Foundation
- Assets
- $17.8m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 1
- Location
- Lewisburg, WV
- Founding
- 07/1999
- Data as of
- 12/2022
- EIN
- 55-0763800
Organization Overview
Greater Greenbrier Valley Community Foundation, operating under the name Community Foundation Inc, is located in Lewisburg, WV. The organization was established in 1999. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 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 12/2022, Community Foundation Inc generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $1.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Community Foundation Inc has awarded 230 individual grants totaling $14,849,042. 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
FROM TIME TO TIME, AND AS ENHANCEMENT TO THE CULTURAL OR EDUCATIONAL LIFE OF THE COMMUNITY THE ORGANIZATION SERVES AS A FISCAL SPONSOR OF PROGRAMS WITH CHARITABLE PURPOSES. THESE PROGRAMS FALL UNDER THE POLICIES AND PROCEDURES OUTLINED IN THE ORGANIZATIONS FISCAL SPONSORSHIP POLICY, WHICH IS MONITORED CLOSELY BY THE BOARD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nathaniel Harris Member Of Board | Trustee | 0.5 | $0 |
David Hambrick Member Of Board | Trustee | 0.5 | $0 |
Twana Jackson Member Of Board | Trustee | 0.5 | $0 |
Charles Sheets Member Of Board | Trustee | 0.5 | $0 |
Paulette Kirby Member Of Board | Trustee | 0.5 | $0 |
Ellen Goodwin Member Of Board | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,602,503 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,602,503 |
| Total Program Service Revenue | $0 |
| Investment income | $524,374 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,129,877 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $762,862 |
| 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. | $47,409 |
| Compensation of current officers, directors, key employees. | $3,319 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,575 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $572 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $219,927 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,145 |
| Office expenses | $63 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,859 |
| Travel | $3,992 |
| 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 | $2,000 |
| Insurance | $4,226 |
| All other expenses | $0 |
| Total functional expenses | $1,092,389 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $906,375 |
| Savings and temporary cash investments | $76,542 |
| 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 | $22,440 |
| Net Land, buildings, and equipment | $2,000 |
| Investments—publicly traded securities | $16,806,269 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,813,626 |
| Accounts payable and accrued expenses | $11,421,240 |
| 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 | $11,421,240 |
| Net assets without donor restrictions | $5,510,232 |
| Net assets with donor restrictions | $882,154 |
| 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 | $17,813,626 |
Grants Awarded
Over the last fiscal year, Greater Greenbrier Valley Community Foundation has awarded $926,621 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
GREENBRIER COUNTY PUBLIC LIBRARY | | | $5,304 |
CITY OF WHITE SULPHER SPRINGS | | | $360,867 |
LUCKY PENNY | | | $10,000 |
NEW RIVER COMMUNITY AND TECHICAL CO | | | $20,000 |
OLD STONE PRESBYTERIAN CHURCH | | | $24,850 |
SENECA TRAIL CHARITABLE FOUNDATION | | | $50,000 |