Harvest Foundation Of The Piedmont
- Assets
- $245.4m
- Revenue
- $2.4m
- Investments
- $236.3m
- Employees
- 0
- Location
- Martinsville, VA
- Founding
- 02/1997
- Data as of
- 12/2022
- EIN
- 31-1496872
Organization Overview
Harvest Foundation Of The Piedmont is located in Martinsville, VA. The organization was established in 1997. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harvest Foundation Of The Piedmont 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, Harvest Foundation Of The Piedmont generated $2.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (16.1%) each year. All expenses for the organization totaled $8.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Harvest Foundation Of The Piedmont has awarded 244 individual grants totaling $125,260,332. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT OF K-12 EDUCATION INITIATIVES IN MARTINSVILLE AND HENRY COUNTY THROUGH TECHNICAL ASSISTANCE AND EVALUATION FOR THE GRANTS AWARDED TO HENRY COUNTY PUBLIC SCHOOLS, MARTINSVILLE CITY SCHOOLS AND THE CARLISLE SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelvin G Perry Director | 2 | $0 | |
Charles R Whitfield Secretary | 2 | $0 | |
John Patrick Favero DO Director | 2 | $0 | |
William L Kirby IV Chairman | 2 | $0 | |
Monica T Monday ESQ Director | 2 | $0 | |
Judy H Hodge Director | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Crewcial Partners | 12/30/22 | $187,545 |
Complete Community Economies Llc | 12/30/22 | $114,623 |
Mill Creek Creative Llc | 12/30/22 | $66,826 |
Anthem Blue Cross Blue Shield | 12/30/22 | $0 |
Anthem Blue Cross Blue Shield | 12/30/22 | $110,998 |
Crewcial Partners | 12/30/22 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,591,561 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,989,256 |
| Capital Gain Net Income | $3,989,256 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$6,176,157 |
| Total Revenue | $2,404,660 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $259,305 |
| Other employee salaries and wages | $611,543 |
| Pension plans, employee benefits | $240,937 |
| Interest | $0 |
| Taxes | $133,225 |
| Depreciation | $136,362 |
| Occupancy | $60,443 |
| Travel, conferences, and meetings | $39,510 |
| Printing and publications | $9,016 |
| Other expenses | $210,256 |
| Total operating and administrative expenses | $3,756,504 |
| Contributions, gifts, grants paid | $4,909,334 |
| Total expenses and disbursements | $8,665,838 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,588,151 |
| Savings and temporary cash investments | $5,520,524 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $430,605 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $137,142 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $230,996,086 |
| Net Land, buildings, and equipment | $877,760 |
| Other assets | $529,370 |
| Total assets | $245,362,845 |
| Accounts payable and accrued expenses | $95,981 |
| Grants payable | $23,561,174 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,190,907 |
| Total liabilities | $24,848,062 |
Grants Awarded
Over the last fiscal year, Harvest Foundation Of The Piedmont has awarded $20,080,330 in support to 54 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF MARTINSVILLE PURPOSE: CONTINUATION OF OPERATIONAL SUPPORT FOR SMITH RIVER SPORTS COMPLEX OVER THREE YEARS | $100,000 |
MARTINSVILLE-HENRY CO ECONOMIC DEVELOP PURPOSE: TO SUPPORT GENERAL OPERATIONS | $1,742,525 |
UNITED WAY OF HENRY CO AND MARTINSVILLE PURPOSE: DOLLY PARTON IMAGINATION LIBRARY TO PROVIDE CHILDREN AN AGE APPROPRIATE BOOK MAILED TO THEIR RESIDENCE EVERY MONTH FOR NO COST. | $2,500 |
UNITED WAY OF HENRY CO AND MARTINSVILLE PURPOSE: GETTING AHEAD IN MHC PROGRAM | $73,591 |
HENRY COUNTY PURPOSE: COMMONWEALTH CROSSING BUSINESS CENTER FOR GRADING AND INFRASTRUCTURE IMPROVEMENTS | $62,500 |
MARTINSVILLE HC FOR HEALTH AND WELLNESS PURPOSE: LIVE WELL MHC-IMPROVE HEALTH OF INDIVIDUALSBY LEADING A SHIFT IN FOCUS FROM TREATMENT TO PREVENTION AND WELLNESS | $495,559 |