Greater Washington Community Foundation
- Assets
- $525.3m
- Revenue
- $244.7m
- Investments
- $49.5m
- Employees
- 38
- Location
- Washington, DC
- Founding
- 01/1974
- Data as of
- 03/2022
- EIN
- 23-7343119
Organization Overview
Greater Washington Community Foundation is located in Washington, DC. The organization was established in 1974. 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 03/2022, Greater Washington Community Foundation employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Washington Community Foundation 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 03/2022, Greater Washington Community Foundation generated $244.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.0% each year . All expenses for the organization totaled $94.8m during the year ending 03/2022. While expenses have increased by 2.3% 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 2015, Greater Washington Community Foundation has awarded 9,933 individual grants totaling $619,502,468. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
STRENGTHENING THE WASHINGTON METROPOLITAN REGION BY ENCOURAGING AND SUPPORTING EFFECTIVE CHARITABLE GIVING, AND BY PROVIDING LEADERSHIP ON CRITICAL ISSUES IN OUR COMMUNITY.
Describe the Organization's Program Activity:
ADMINISTRATION OF CHARITABLE GIVING VEHICLES DESIGNED TO FACILITATE THE PHILANTHROPIC INTENT OF INDIVIDUALS, CORPORATIONS, FOUNDATIONS AND GROUPS VIA DONOR ADVISED, FIELD OF INTEREST, DESIGNATED OR OTHER FUND TYPES. ADMINISTRATION CONSISTS OF GIFT RECEIPT AND ACKNOWLEDGMENT, INVESTMENT OF FUND ASSETS, PROCESSING, AND DISBURSING GRANTS TO NONPROFIT ENTITIES ACCORDING TO THE TERMS OF EACH INDIVIDUAL FUND. THE GREATER WASHINGTON COMMUNITY FOUNDATION CURRENTLY PROVIDES ADMINISTRATIVE SERVICES TO OVER 700 FUNDS.
INTERNAL PROGRAM INITIATIVES - PROGRAM INITIATIVES ARE DISCRETIONARY ACTIVITIES OF THE GREATER WASHINGTON COMMUNITY FOUNDATION DESIGNED TO ADDRESS SPECIFIC AREAS OF NEED WITHIN THE SERVICE AREA OF THE GREATER WASHINGTON REGION. PROGRAM INITIATIVES OF THE CURRENT REPORTING PERIOD INCLUDE: THE NEIGHBORS IN NEED FUND, COLLABORATIVE FOR EDUCATION ORGANIZING, GREATER WASHINGTON WORKFORCE DEVELOPMENT COLLABORATIVE AND THE PARTNERSHIP FOR EQUITY. NEIGHBORS IN NEED FUND'S GOAL IS TO ADDRESS THE MOST PRESSING CHALLENGES FACING RESIDENTS IN (CONTINUED ON SCHEDULE O)
FISCAL SPONSORSHIPS - THE COMMUNITY FOUNDATION SELECTIVELY EXTENDS ITS NONPROFIT STATUS TO BOARD APPROVED GROUPS AND/OR ORGANIZATIONS WHO HAVE A PHILANTHROPIC MISSION BUT HAVE EITHER NOT RECEIVED SEPARATE EXEMPT STATUS FROM THE INTERNAL REVENUE SERVICE OR ARE ORGANIZED FOR A LIMITED DURATION OR PURPOSE. THE COMMUNITY FOUNDATION SUPPLIES THE SAME ADMINISTRATIVE SERVICES AS THOSE LISTED IN #1 ABOVE. IN ADDITION, THE FOUNDATION EXERCISES EXPENDITURE CONTROL RESPONSIBILITY FOR ALL DISBURSEMENTS MADE BY THESE FUND TYPES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tonia Wellons President & CEO | Officer | 40 | $327,873 |
Marcus Braxton Managing Dir, Operations | Officer | 40 | $171,538 |
Juliana Mitrojorgji Sr. Director Of Finance | Officer | 40 | $162,833 |
Angela Willingham Vp, Development Thru 2/22 | 40 | $161,550 | |
Ronald Galvin Managing Dir, Community Inv | 40 | $161,538 | |
Rebecca Rothey Vp, Dev And Sr Phil. Advisor | Officer | 32 | $159,079 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bar-t Holding Inc Childcare Support | 3/30/22 | $1,707,312 |
Myriddian Llc Distrib Service | 3/30/22 | $551,686 |
Kidpower Inc Childcare Support | 3/30/22 | $486,482 |
Kidsco Inc Childcare Support | 3/30/22 | $1,223,982 |
Kids After Hours Child Care Centers Childcare Support | 3/30/22 | $710,219 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $279,837 |
| Related organizations | $0 |
| Government grants | $176,611 |
| All other contributions, gifts, grants, and similar amounts not included above | $200,836,462 |
| Noncash contributions included in lines 1a–1f | $65,809,078 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $201,292,910 |
| Total Program Service Revenue | $0 |
| Investment income | $27,687,762 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $263,707 |
| Net Gain/Loss on Asset Sales | $12,203,543 |
| Net Income from Fundraising Events | $1,796,459 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $244,699,070 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $85,783,398 |
| Grants and other assistance to domestic individuals. | $246,600 |
| Grants and other assistance to Foreign Orgs/Individuals | $904,946 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,223,018 |
| Compensation of current officers, directors, key employees. | $896,977 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,150,040 |
| Pension plan accruals and contributions | $128,549 |
| Other employee benefits | $302,971 |
| Payroll taxes | $248,856 |
| Fees for services: Management | $641,577 |
| Fees for services: Legal | $49,695 |
| Fees for services: Accounting | $123,526 |
| Fees for services: Lobbying | $26,600 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,507,355 |
| Fees for services: Other | $0 |
| Advertising and promotion | $25,716 |
| Office expenses | $58,007 |
| Information technology | $351,934 |
| Royalties | $0 |
| Occupancy | $658,947 |
| Travel | $8,922 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $392,490 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $110,496 |
| Insurance | $0 |
| All other expenses | -$96,041 |
| Total functional expenses | $94,847,602 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $52,727,717 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,341,671 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $504,683 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $415,061 |
| Net Land, buildings, and equipment | $609,250 |
| Investments—publicly traded securities | $420,234,462 |
| Investments—other securities | $49,506,150 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $525,338,994 |
| Accounts payable and accrued expenses | $14,405,968 |
| Grants payable | $5,201,523 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $2,992,549 |
| 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 | $22,600,040 |
| Net assets without donor restrictions | $498,193,015 |
| Net assets with donor restrictions | $4,545,939 |
| 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 | $525,338,994 |
Grants Awarded
Over the last fiscal year, Greater Washington Community Foundation has awarded $81,035,100 in support to 1,132 organizations.
| Grant Recipient | Amount |
|---|---|
Hudson, OH PURPOSE: GENERAL SUPPORT | $9,098,791 |
Boston, MA PURPOSE: GENERAL SUPPORT | $3,698,558 |
Sheffield, MA PURPOSE: GENERAL SUPPORT | $2,148,112 |
Washington, DC PURPOSE: GENERAL SUPPORT | $1,930,254 |
Washington, DC PURPOSE: GENERAL SUPPORT | $1,663,989 |
Washington, DC PURPOSE: GENERAL SUPPORT | $1,536,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Greater Washington Community Foundation has recieved totaling $1,936,000.
| Awarding Organization | Amount |
|---|---|
Spring Foundation Inc Atlanta, GA PURPOSE: TO HELP STRENGTHEN THE WASHINGTON METROPOLITAN REGION BY ENCOURAGING AND SUPPORTING EFFECTIVE GIVING | $1,936,000 |
Endowment Analysis
| Beg. Balance | $47,783,423 |
| Earnings | $1,631,931 |
| Admin Expense | $357,300 |
| Net Contributions | $2,047,321 |
| Grants | $1,479,622 |
| Ending Balance | $49,625,753 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greater Washington Community Foundation Washington, DC | $525,338,994 | $244,699,070 |
The Community Foundation Inc Richmond, VA | $859,349,771 | $152,790,051 |
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 |
The Community Foundation Of Harrisonburg And Rockingham County Harrisonburg, VA | $68,152,988 | $23,085,179 |
Community Foundation Of Frederick County Maryland Incorporated Frederick, MD | $137,281,850 | $16,443,346 |
The Community Foundation For Northern Virginia Inc Oakton, VA | $80,161,408 | $23,451,822 |
Community Foundation Of The Eastern Shore Inc Salisbury, MD | $144,509,312 | $16,050,496 |
Mid-Shore Community Foundation Inc Easton, MD | $125,001,314 | $15,563,573 |
Community Foundation Serving Western Virginia Roanoke, VA | $100,299,802 | $12,225,680 |
Community Foundation Of Anne Arundel County Inc Annapolis, MD | $26,673,092 | $5,823,224 |