The Fountain Fund
- Assets
- $1.4m
- Revenue
- $485.9k
- Investments
- $0.0
- Employees
- 4
- Location
- Charlottesville, VA
- Founding
- 12/2016
- Data as of
- 12/2021
- EIN
- 81-3741447
Organization Overview
The Fountain Fund is located in Charlottesville, VA. The organization was established in 2016. According to its NTEE Classification (I40) the organization is classified as: Rehabilitation Services for Offenders, under the broad grouping of Crime & Legal-Related and related organizations. As of 12/2021, Fountain Fund employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fountain Fund 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, Fountain Fund generated $485.9k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $463.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNTAIN FUND INCREASES ECONOMIC OPPORTUNITIES FOR FORMELY INCARCERATED PEOPLE TO IMPROVE THEIR LIVES AND REMAIN IN THEIR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNTAIN FUND PROVIDES LOW-INTEREST LOANS, BUDGET COUNSELING, FINANCIAL EDUCATION, AND CREDIT BUILDING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erika Viccellio Executive Director | Officer | 40 | $84,864 |
Tim Heaphy Board Chair | OfficerTrustee | 2 | $0 |
Dan Goodall Treasurer | OfficerTrustee | 1 | $0 |
Rachel Harmon Board Member | Trustee | 1 | $0 |
Karen Kalsi Chapman Board Member | Trustee | 1 | $0 |
David Smith Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $43,447 |
| All other contributions, gifts, grants, and similar amounts not included above | $430,117 |
| Noncash contributions included in lines 1a–1f | $2,086 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $473,564 |
| Total Program Service Revenue | $12,285 |
| Investment income | $46 |
| 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 | $485,895 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $84,864 |
| Compensation of current officers, directors, key employees. | $3,655 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $133,172 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $17,820 |
| Payroll taxes | $13,470 |
| Fees for services: Management | $1,700 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $42,625 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,251 |
| Advertising and promotion | $0 |
| Office expenses | $11,521 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,573 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,931 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,258 |
| All other expenses | $0 |
| Total functional expenses | $463,266 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $452,596 |
| Savings and temporary cash investments | $448,204 |
| 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 | $468,052 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,368,852 |
| 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 | $89,100 |
| Other liabilities | $0 |
| Total liabilities | $89,100 |
| Net assets without donor restrictions | $1,233,077 |
| Net assets with donor restrictions | $46,675 |
| 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 | $1,368,852 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that The Fountain Fund has recieved totaling $331,686.
| Awarding Organization | Amount |
|---|---|
Mary Morton Parsons Foundation Richmond, VA PURPOSE: SUPPORT TO SEED THE RICHMOND LOAN FUND | $100,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $52,500 |
Charlottesville Area Community Foundation Charlottesville, VA PURPOSE: EXPANSION OF LOAN FUND TO RICHMOND | $50,000 |
Charlottesville Area Community Foundation Charlottesville, VA PURPOSE: GENERAL PURPOSES | $45,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $25,000 |
Crossroads Mill Foundation Charlottesville, VA PURPOSE: GENERAL FUND | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Native American Heritage Association Front Royal, VA | $28,167,593 | $82,634,591 |
Transitions Inc Covington, KY | $17,383,184 | $9,808,810 |
Project Return Inc Nashville, TN | $5,303,107 | $6,857,195 |
Counseling And Consultation Service Inc Limestone, TN | $3,018,648 | $5,158,988 |
Inmates To Entrepreneurs Inc Holly Springs, NC | $136,748 | $3,570,078 |
Offender Aid And Restoration Of Charlottesville-Albe Marle Inc Charlottesville, VA | $1,318,318 | $2,384,129 |
Dismas Inc Nashville, TN | $10,843,450 | $2,099,195 |
First At Blue Ridge Inc Ridgecrest, NC | $3,154,011 | $2,730,223 |
Oar Of Richmond Inc Richmond, VA | $1,457,877 | $2,176,818 |
Center For Community Transitions Charlotte, NC | $3,101,357 | $2,179,799 |
Oar Of Fairfax County Inc Fairfax, VA | $1,022,740 | $1,983,995 |
Recovery Rocks Sevierville, TN | $952,424 | $885,402 |