Twin County Community Foundation
- Assets
- $9.7m
- Revenue
- -$66.0k
- Investments
- $8.8m
- Employees
- 1
- Location
- Galax, VA
- Founding
- 09/1991
- Data as of
- 09/2023
- EIN
- 54-1593923
Organization Overview
Twin County Community Foundation is located in Galax, VA. The organization was established in 1991. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, 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. Twin County 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.
Since 2018, Twin County Community Foundation has awarded 107 individual grants totaling $2,411,938. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEALTH AND WELFARE
EDUCATIONAL ENRICHMENT AND SCHOLARSHIP PROGRAMS
COMMUNITY DEVELOPMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward A Hanks II Member | 2 | $0 | |
Brandon Boyles Secretary | 2 | $0 | |
Amy Jackson Member | 2 | $0 | |
Andrea Tolbert Member | 2 | $0 | |
Susan Clark Treasurer | 2 | $0 | |
Brenda Bonk Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $12,867 |
| Dividends & Interest | $220,590 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$299,427 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$65,970 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $34,172 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,499 |
| Depreciation | $0 |
| Occupancy | $3,031 |
| Travel, conferences, and meetings | $2,321 |
| Printing and publications | $0 |
| Other expenses | $14,184 |
| Total operating and administrative expenses | $105,332 |
| Contributions, gifts, grants paid | $674,052 |
| Total expenses and disbursements | $779,384 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $834,136 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $5,270 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $8,843,714 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,683,120 |
| Accounts payable and accrued expenses | $2,739 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,739 |
Grants Awarded
Over the last fiscal year, Twin County Community Foundation has awarded $674,052 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF GALAX PURPOSE: HEALTH AND WELFARE PROGRAMS | $2,000 |
BLUE RIDGE CROSSROADS REGIONAL DEVE PURPOSE: COMMUNITY DEVELOPMENT | $2,000 |
CHILDREN'S TRUST NRV PURPOSE: HEALTH AND WELFARE PROGRAMS | $7,500 |
GALAX FIRST UNITED METHODIST CHURCH PURPOSE: HEALTH AND WELFARE PROGRAMS | $2,400 |
CHESTNUT CREEK SCHOOL OF THE ARTS PURPOSE: EDUCATIONAL PROGRAMS | $16,000 |
POLICE FITNESS PURPOSE: HEALTH AND WELFARE PROGRAMS | $20,000 |