Bedford Community Health Foundation Inc
- Assets
- $7.4m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 2
- Location
- Bedford, VA
- Founding
- 03/1981
- Data as of
- 12/2021
- EIN
- 54-1088024
Organization Overview
Bedford Community Health Foundation Inc is located in Bedford, VA. The organization was established in 1981. 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 12/2021, Bedford Community Health Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bedford Community Health 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 12/2021, Bedford Community Health Foundation Inc generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.8% each year . All expenses for the organization totaled $483.7k during the year ending 12/2021. While expenses have increased by 3.4% 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, Bedford Community Health Foundation Inc has awarded 118 individual grants totaling $927,576. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
* WORKS TO IDENTIFY AND ADDRESS COMMUNITY HEALTH NEEDS* AWARDS SCHOLARSHIPS FOR NURSING PROGRAMS AND ALLIED HEALTH EDUCATION* MAKES GRANTS TO NON-PROFIT ORGANIZATIONS PROVIDING DIRECT HEALTH SERVICES* ENCOURAGES COMMUNITY INVOLVEMENT THROUGH DONATIONS AND SERVICE* SERVES AS A COMMUNITY HEALTH INFORMATION RESOURCE
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE FINANCIAL SUPPORT FOR RESCUE SQUAD & HOSPITAL EQUIPMENT PURCHASES, NON-EMERGENCY MEDICAL TRANSPORTATION, AND HOSPICE SUPPORT.
TO PROVIDE FINANCIAL SUPPORT FOR SCHOOL NURSE AND DENTAL PROGRAMS, NURSING SCHOLARSHIPS AND COMMUNITY HEALTH AND NUTRITION EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Denny Huff Executive Director | Officer | 38 | $77,178 |
Sherry Lane Chair Person | OfficerTrustee | 2 | $0 |
Dr Garrett Hurt Vice Chair Person | OfficerTrustee | 2 | $0 |
Darren Miller Treasurer | OfficerTrustee | 2 | $0 |
Jane Winters Trustee | Trustee | 2 | $0 |
Patricia Knox Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $15,082 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $345,005 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $360,087 |
| Total Program Service Revenue | $0 |
| Investment income | $209,687 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $770,212 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,339,986 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $157,275 |
| Grants and other assistance to domestic individuals. | $36,925 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $77,179 |
| Compensation of current officers, directors, key employees. | $18,523 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $27,550 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,061 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $48,262 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $681 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $72 |
| 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 | $3,068 |
| Insurance | $1,685 |
| All other expenses | $1,913 |
| Total functional expenses | $483,694 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $208,866 |
| Savings and temporary cash investments | $0 |
| 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 | $474 |
| Net Land, buildings, and equipment | $6,057 |
| Investments—publicly traded securities | $7,183,957 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,399,354 |
| Accounts payable and accrued expenses | $2,550 |
| 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 | $2,550 |
| Net assets without donor restrictions | $4,787,826 |
| Net assets with donor restrictions | $2,608,978 |
| 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 | $7,399,354 |
Grants Awarded
Over the last fiscal year, Bedford Community Health Foundation Inc has awarded $113,100 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
Bedford, VA PURPOSE: TO CONSTRUCT A WALKING TRAIL FOR COMMUNITY USE | $15,000 |
Moneta, VA PURPOSE: TO ASSIST WITH DENTAL/DENTURE SERVICES FOR CLIENTS IN NEED | $15,000 |
Lynchburg, VA PURPOSE: TO EXPAND SERVICES IN BEDFORD | $15,000 |
Bedford, VA PURPOSE: TO PROVIDE FOOD BOXES TO THOSE IN NEED | $13,600 |
Lynchburg, VA PURPOSE: TO PROVIDE HOT MEALS FOR THOSE IN NEED | $10,000 |
Bedford, VA PURPOSE: TO ASSIST WITH FOOD FOR BACKPACK PROGRAM | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bedford Community Health Foundation Inc has recieved totaling $70,750.
| Awarding Organization | Amount |
|---|---|
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $70,750 |
Endowment Analysis
| Beg. Balance | $6,135,571 |
| Earnings | $1,194,217 |
| Net Contributions | $279,734 |
| Grants | -$425,565 |
| Ending Balance | $7,183,957 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greater Washington Community Foundation Washington, DC | $525,338,994 | $244,699,070 |
Christian Community Foundation Of Memphis And The Mid-South Inc Memphis, TN | $205,748,037 | $85,831,682 |
The Community Foundation Inc Richmond, VA | $859,349,771 | $152,790,051 |
The Community Foundation Of Louisville Inc Louisville, KY | $675,486,716 | $70,628,491 |
Charlottesville Area Community Foundation Charlottesville, VA | $339,690,669 | $77,610,040 |
Baltimore Community Foundation Inc Baltimore, MD | $302,066,491 | $73,158,770 |
North Carolina Community Foundation Inc Raleigh, NC | $442,779,010 | $109,848,330 |
Hampton Roads Community Foundation Norfolk, VA | $431,066,210 | $16,919,172 |
Triangle Community Foundation Durham, NC | $302,593,887 | $28,260,487 |
Chattanooga Christian Community Foundation Chattanooga, TN | $107,861,272 | $37,732,736 |
Community Foundation Of Greater Chattanooga Inc Chattanooga, TN | $242,437,300 | $52,106,763 |
East Tennessee Foundation Knoxville, TN | $333,652,631 | $23,055,951 |