Community Foundation Of The New River Valley Inc
- Assets
- $16.0m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 3
- Location
- Christiansburg, VA
- Founding
- 08/1995
- Data as of
- 12/2021
- EIN
- 54-1740455
Organization Overview
Community Foundation Of The New River Valley Inc, operating under the name Cfnrv, is located in Christiansburg, VA. The organization was established in 1995. 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, Cfnrv employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cfnrv 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, Cfnrv generated $3.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.2% each year . All expenses for the organization totaled $953.9k during the year ending 12/2021. While expenses have increased by 3.7% 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, Cfnrv has awarded 112 individual grants totaling $967,551. 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
TO ENHANCE THE QUALITY OF LIFE IN THE NEW RIVER VALLEY VA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CFNRV AWARDS GRANTS/SCHOLARSHIPS TO LOCAL CHARITIES, CHURCHES, SCHOOLS AND INDIVIDUALS WORKING TO IMPROVE THE QUALITY OF LIFE FOR RESIDENTS OF THE NRV OF SW VIRGINIA. THE CFNRV ALSO PROVIDES WORKSHOPS AND TRAINING FOR VARIOUS NON-PROFIT ORGANIZATIONS AND INDIVIDUALS, AS WELL AS COLLABORATIVE INITIATIVES WITH OTHER LOCAL LEADERS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paula Alston Secretary | OfficerTrustee | 1 | $0 |
Pat Hyer President | OfficerTrustee | 1 | $0 |
Kathy Krendl Vice President | OfficerTrustee | 1 | $0 |
David Riggan Treasurer | OfficerTrustee | 2 | $0 |
Jessica Wirgau CEO | OfficerTrustee | 45 | $0 |
Dominick Mckee Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $90,800 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,411,876 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,502,676 |
| Total Program Service Revenue | $0 |
| Investment income | $334,205 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $796,536 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,633,417 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $391,655 |
| Grants and other assistance to domestic individuals. | $133,397 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $85,000 |
| Compensation of current officers, directors, key employees. | $17,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $115,875 |
| Pension plan accruals and contributions | $12,848 |
| Other employee benefits | $10,075 |
| Payroll taxes | $15,366 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $30,755 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $53,967 |
| Fees for services: Other | $3,900 |
| Advertising and promotion | $2,295 |
| Office expenses | $11,401 |
| Information technology | $22,898 |
| Royalties | $0 |
| Occupancy | $23,995 |
| Travel | $602 |
| 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 | $0 |
| Insurance | $10,191 |
| All other expenses | $4,494 |
| Total functional expenses | $953,902 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $476,118 |
| Savings and temporary cash investments | $633,685 |
| 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 | $100,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $30,000 |
| Investments—publicly traded securities | $14,764,736 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $26,966 |
| Total assets | $16,031,505 |
| Accounts payable and accrued expenses | $1,816 |
| 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 | $1,816 |
| Net assets without donor restrictions | $120,302 |
| Net assets with donor restrictions | $15,909,387 |
| 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 | $16,031,505 |
Grants Awarded
Over the last fiscal year, Community Foundation Of The New River Valley Inc has awarded $99,409 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
Christiansburg, VA PURPOSE: To support mission of organization | $18,684 |
Blacksburg, VA PURPOSE: To support mission of organization | $13,200 |
Blacksburg, VA PURPOSE: To support mission of organization | $12,000 |
Pulaski, VA PURPOSE: To support mission of organization | $11,500 |
MONT COUNTY PUBLIC SCHOOLS PURPOSE: To support mission of organization | $7,500 |
Radford, VA PURPOSE: To support mission of organization | $7,040 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Community Foundation Of The New River Valley Inc has recieved totaling $127,276.
| Awarding Organization | Amount |
|---|---|
Mightycause Charitable Foundation Marianna, FL PURPOSE: UNRESTRICTED | $113,869 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $12,729 |
Celanese Foundation Irving, TX PURPOSE: CHARITABLE CONTRIBUTION | $600 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $78 |
Endowment Analysis
| Beg. Balance | $12,576,996 |
| Earnings | $1,815,387 |
| Admin Expense | $167,164 |
| Net Contributions | $2,283,564 |
| Other Expense | $54,322 |
| Grants | $525,052 |
| Ending Balance | $15,929,409 |
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 |