Fauquier Health Foundation
- Assets
- $249.2m
- Revenue
- $9.6m
- Investments
- $167.7m
- Employees
- 0
- Location
- Warrenton, VA
- Founding
- 02/2004
- Data as of
- 09/2020
- EIN
- 30-0219424
Organization Overview
Fauquier Health Foundation, operating under the name The Path Foundation, is located in Warrenton, VA. The organization was established in 2004. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Path 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 09/2020, Path Foundation generated $9.6m in total revenue. All expenses for the organization totaled $25.2m during the year ending 09/2020. While expenses have increased by 40.2% per year over the past 6 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, Path Foundation has awarded 989 individual grants totaling $61,098,162. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION INVESTS IN THE COMMUNITY BY PROVIDING GRANTS RELATED TO FOUR PRIORITY AREAS INCLUDING ACCESS TO HEALTH, CHILDHOOD WELLNESS, MENTAL HEALTH AND SENIOR SERVICES. COMPETITIVE FLEXIBLE FUNDING GRANTS ASSIST NONPROFITS AND GOVERNMENT AGENCIES TO BETTER SERVE THEIR COMMUNITIES. MAKE IT HAPPEN! GRANTS, TECHNICAL ASSISTANCE GRANTS, AND NON-COMPETITIVE HEALTH PRIORITY GRANTS ENHANCE VITALITY AND SERVICE WITHIN THE COMMUNITY. DURING FISCAL YEAR 2021, 279 GRANTS WERE AWARDED AND PAID.
THE PATH RESOURCE CENTER INCLUDES THE VOLUNTEER HUB WHICH CONNECTS MORE THAN 4,600 VOLUNTEERS TO AREA NONPROFIT ORGANIZATIONS; COMMUNITY LINK, A NO COST, CONFIDENTIAL RESOURCE THAT CONNECTS COMMUNITY MEMBERS IN NEED WITH ORGANIZATIONS AND SERVICES THAT CAN PROVIDE ASSISTANCE; AND A SATELLITE OFFICE OF THE CENTER FOR NONPROFIT EXCELLENCE WHICH PROVIDES TRAINING AND TECHNICAL SUPPORT TO OUR AREA NONPROFIT ORGANIZATIONS. ADDITIONALLY, THE RESOURCE CENTER OFFERS MEETING AND CONFERENCE ROOM SPACE, TO AN AVERAGE OF 50 ORGANIZATIONS A MONTH, AT NO CHARGE TO AREA NONPROFIT ORGANIZATIONS.
THE FOUNDATION PROVIDES IN-KIND OFFICE AND PROGRAMMING SPACE TO 14 NONPROFIT ORGANIZATIONS WITH A TOTAL OF 37 EMPLOYEES. THIS CAPACITY BUILDING SUPPORT PROVIDES NONPROFITS WITH A PROFESSIONAL AND COLLABORATIVE WORK ENVIRONMENT AT BELOW MARKET RENT.
THE FOUNDATION'S SUMMER PAID INTERNSHIP PROGRAM PROVIDES AREA COLLEGE STUDENTS EXPOSURE TO NONPROFIT CAPACITY BUILDING, VOLUNTEER MANAGEMENT AND DIRECT WORK WITH A VARIETY OF LOCAL NONPROFIT ORGANIZATIONS AND GOVERNMENT AGENCIES. DURING FISCAL YEAR 2021, THERE WERE 14 INTERNS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christine M Connolly President/ceo | 40 | $313,022 | |
Lorna M Magill CFO | 40 | $215,731 | |
Elizabeth B Henrickson COO | 40 | $145,191 | |
Amy Petty Employee | 40 | $122,760 | |
Kirsten Dueck Employee | 40 | $115,702 | |
Darryl White Employee | 40 | $105,916 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Center For Nonprofit Excellence | 9/29/21 | $295,746 |
Piedmont Press & Graphics | 9/29/21 | $88,188 |
Citrin Cooperman & Co Llp | 9/29/21 | $103,975 |
Monticello Associates Inc | 9/29/21 | $325,000 |
Tpo Inc | 9/29/21 | $75,936 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,151 |
| Investment income | $6,510,370 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,910,016 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,571,718 |
| Statement of Expenses | |
|---|---|
| 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. | $761,420 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,259,852 |
| Pension plan accruals and contributions | $30,159 |
| Other employee benefits | $164,203 |
| Payroll taxes | $126,200 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $80,010 |
| Fees for services: Accounting | $111,479 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $292,836 |
| Fees for services: Other | $223,737 |
| Advertising and promotion | $236,608 |
| Office expenses | $133,817 |
| Information technology | $26,146 |
| Royalties | $0 |
| Occupancy | $162,646 |
| Travel | $41,017 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,931 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $342,265 |
| Insurance | $29,926 |
| All other expenses | $0 |
| Total functional expenses | $25,243,512 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,896,558 |
| Savings and temporary cash investments | $4,999,788 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $625,118 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $5,970,609 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $306,676 |
| Investments—publicly traded securities | $56,857,472 |
| Investments—other securities | $167,738,686 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $21,909 |
| Total assets | $249,193,841 |
| Accounts payable and accrued expenses | $1,666,092 |
| Grants payable | $300,000 |
| 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 | $1,966,092 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $247,227,749 |
Grants Awarded
Over the last fiscal year, Fauquier Health Foundation has awarded $8,173,027 in support to 280 organizations.
| Grant Recipient | Amount |
|---|---|
FAUQUIER COUNTY PUBLIC SCHOOLS PURPOSE: FRESH - YEAR 6 | $724,803 |
Culpeper, VA PURPOSE: CULPEPER WELLNESS CENTER | $500,000 |
Washington, VA PURPOSE: COMMIT TO BE FIT - YEAR 5 | $327,000 |
Warrenton, VA PURPOSE: FAUQUIER FREE CLINIC TELEHEALTH 2022 | $250,000 |
NORTHERN PIEDMONT COMMUNITY FOUNDATION PURPOSE: FUND FOR RESPONSIVE GRANTS - 2021 | $250,000 |
Abingdon, VA PURPOSE: MILLVIEW APARTMENTS | $200,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Fauquier Health Foundation has recieved totaling $159,230.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $100,250 |
Sandra E Lamb Charitable Trust Pennington, NJ PURPOSE: GENERAL OPERATING | $25,056 |
Sandra E Lamb Charitable Trust Pennington, NJ PURPOSE: GENERAL OPERATING | $25,056 |
Culpeper Wellness Foundation Culpeper, VA PURPOSE: COVID-19 FLYERS TO ORANGE & MADISON. | $8,868 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Intrahealth International Inc Chapel Hill, NC | $25,698,138 | $95,131,742 |
Moses Cone Medical Services Inc Greensboro, NC | $66,450,127 | $85,429,043 |
Norton Properties Inc Louisville, KY | $374,509,086 | $60,233,665 |
West Virginia University Hospitals East Inc Martinsburg, WV | $676,755 | $63,515,006 |
Bricklayers And Allied Craftworkers International Health Fund Washington, DC | $54,125,903 | $67,880,287 |
Sheet Metal Workers National Health Fund Goodlettsville, TN | $59,855,607 | $61,652,205 |
Corvesta Inc Roanoke, VA | $82,180,783 | -$1,235,003 |
Inova Health System Foundation Fairfax, VA | $6,680,265,525 | $824,217,139 |
Carolina Medicorp Enterprises Llc Winston Salem, NC | $11,898,708 | $46,315,888 |
Childrens Health System Inc Norfolk, VA | $122,433,385 | $34,959,405 |
Fauquier Health Foundation Warrenton, VA | $249,193,841 | $9,571,718 |
Chesapeake Regional Medical Group Chesapeake, VA | $4,557,734 | $12,231,172 |