Community Foundation Of The New River Valley Inc

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.

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.


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Board, Officers & Key Employees

Name (title)Compensation
Pat Hyer
President
$0
Paula Alston
Secretary
$0
David Riggan
Treasurer
$0
Kathy Krendl
Vice President
$0
Jessica Wirgau
CEO
$0
Nancy Artis
Board Member
$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

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 RecipientAmount

LITERACY VOLUNTEERS OF AMER NRV

Org PageRecipient Profile

Christiansburg, VA

PURPOSE: To support mission of organization

$18,684

BLACKSBURG BAPTIST CHURCH

Org PageRecipient Profile

Blacksburg, VA

PURPOSE: To support mission of organization

$13,200

ST MARY'S CATHOLIC CHURCH

Org PageRecipient Profile

Blacksburg, VA

PURPOSE: To support mission of organization

$12,000

CALFEE COMM & CULTURAL CTR

Org PageRecipient Profile

Pulaski, VA

PURPOSE: To support mission of organization

$11,500

MONT COUNTY PUBLIC SCHOOLS

PURPOSE: To support mission of organization

$7,500

WOMEN'S RESOURCE CTR - NRV

Org PageRecipient Profile

Radford, VA

PURPOSE: To support mission of organization

$7,040
View Grant Profile

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 OrganizationAmount
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
View Grant Recipient Profile

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

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