The Community Foundation Of Harrisonburg And Rockingham County
- Assets
- $68.2m
- Revenue
- $23.1m
- Investments
- $0.0
- Employees
- 6
- Location
- Harrisonburg, VA
- Founding
- 02/2000
- Data as of
- 06/2022
- EIN
- 54-1920746
Organization Overview
The Community Foundation Of Harrisonburg And Rockingham County is located in Harrisonburg, VA. The organization was established in 2000. 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 06/2022, Community Foundation Of Harrisonburg And Rockingham County employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of Harrisonburg And Rockingham County 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 06/2022, Community Foundation Of Harrisonburg And Rockingham County generated $23.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.4% each year . All expenses for the organization totaled $18.0m during the year ending 06/2022. While expenses have increased by 23.4% 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, Community Foundation Of Harrisonburg And Rockingham County has awarded 1,174 individual grants totaling $49,490,373. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE MAKE IT EASY TO GIVE BACK TO THE COMMUNITY WE LOVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO STRENGTHEN OUR COMMUNITY:WORKING WITH GENEROUS DONORS, THE COMMUNITY FOUNDATION (TCF) GRANTS CONTINUE TO FLOURISH PROVIDING FINANCIAL SUPPORT TO MOSTLY LOCAL ORGANIZATIONS. GRANTS TOTAL OVER $16 MILLION AND WERE AWARDED TO ALL TYPES OF ORGANIZATIONS INCLUDING HUMAN SERVICES, EDUCATIONAL, HEALTH, ARTS, ANIMAL RELATED, ENVIRONMENTAL, HISTORIC PRESERVATION, RECREATION, AND FAITH BASED ORGANIZATIONS. INCLUDED IN THE $16 MILLION IN GRANTS WAS A $1.3 MILLION GRANT OF THE FORMER FREE CLINIC BUILDING TO SENTARA RMH FOUNDATION FOR USE IN ADDRESSING UNMET HEALTH CARE NEEDS IN OUR COMMUNITY. TCF ALSO COLLABORATES WITH LOCAL NONPROFITS TO RECEIPT, ACCOUNT FOR AND INVEST FUNDS FOR NONPROFIT ORGANIZATIONS WHO WISH TO FOCUS THEIR RESOURCES ON MISSION-RELATED SERVICES. BY OFFERING THIS SERVICE, TCF IMPROVES THE CAPACITY OF LOCAL NONPROFIT SERVICE PROVIDERS WORKING HARD EVERY DAY TO MAKE OUR COMMUNITY A BETTER PLACE TO LIVE.
EDUCATION PROGRAM SERVICE AREA:THE COMMUNITY FOUNDATION (TCF) ADMINISTERS SCHOLARSHIPS PROGRAMS AND GRANTS FUNDING TO EDUCATIONAL ENDEAVORS OF NONPROFIT ORGANIZATIONS OF MORE THAN $3.2 MILLION FOR PROGRAMS AT PUBLIC AND PRIVATE SCHOOLS, INSTITUTIONS OF HIGHER EDUCATION, LIBRARIES, CHILDREN'S MUSEUMS, AND LITERARY ORGANIZATIONS. TCF IS ALSO AN APPROVED VIRGINIA SCHOLARSHIP FOUNDATION AND DISTRIBUTED OVER $700,000 TO LOCAL PRIVATE SCHOOLS THROUGH THE STATE'S TAX CREDIT PROGRAM.
ADMINISTRATIVE SUPPORT & EDUCATION FOR LOCAL NONPROFIT AND CHARITABLEFUNDRAISING INITIATIVES:THE COMMUNITY FOUNDATION PARTNERS WITH LOCAL NONPROFITS TO RECEIPT AND ACKNOWLEDGE, AND INVEST FUNDS FOR NONPROFITS WITH LIMITED RESOURCES WITHIN THE ORGANIZATION WHO WISH TO FOCUS THEIR RESOURCES ON MISSION-RELATED SERVICES. BY MANAGING AND DISTRIBUTING FUNDS TO LOCAL NONPROFIT FUND HOLDERS IN CONNECTION WITH CAPITAL CAMPAIGNS, RAINY DAY FUNDS, OR ENDOWMENT DISTRIBUTIONS, TCF IMPROVES THE CAPACITY OF LOCAL NONPROFIT SERVICE PROVIDERS WORKING HARD EVERY DAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Revlan S Hill Executive Director | Officer | 40 | $114,083 |
Ellen H Brodersen Treasurer | OfficerTrustee | 1 | $0 |
Dale Hulvey Past Chair | OfficerTrustee | 2 | $0 |
Kevin Flint Vice Chair | OfficerTrustee | 1 | $0 |
Donna Harper Chair | OfficerTrustee | 1 | $0 |
Cynthia Prieto Grants And Scholarship Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,569,247 |
| Noncash contributions included in lines 1a–1f | $2,598,154 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,569,247 |
| Total Program Service Revenue | $916,449 |
| Investment income | $2,852,819 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $52,531 |
| Net Gain/Loss on Asset Sales | $2,564,341 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,085,179 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $16,105,285 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $132,911 |
| Compensation of current officers, directors, key employees. | $46,519 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $247,750 |
| Pension plan accruals and contributions | $7,357 |
| Other employee benefits | $13,627 |
| Payroll taxes | $18,952 |
| Fees for services: Management | $860,742 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $44,368 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $286,966 |
| Fees for services: Other | $94,403 |
| Advertising and promotion | $13,070 |
| Office expenses | $21,816 |
| Information technology | $11,822 |
| Royalties | $0 |
| Occupancy | $38,116 |
| Travel | $31 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,084 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $37,708 |
| Insurance | $11,657 |
| All other expenses | $0 |
| Total functional expenses | $18,012,523 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,600,887 |
| Savings and temporary cash investments | $1,481,479 |
| Pledges and grants receivable | $1,393,584 |
| Accounts receivable, net | $2,658 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $218,206 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $10,025 |
| Net Land, buildings, and equipment | $1,070,572 |
| Investments—publicly traded securities | $59,453,557 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $5,231 |
| Other assets | $916,789 |
| Total assets | $68,152,988 |
| Accounts payable and accrued expenses | $17,522 |
| Grants payable | $2,113,600 |
| 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 | $7,342,546 |
| Total liabilities | $9,473,668 |
| Net assets without donor restrictions | $56,810,065 |
| Net assets with donor restrictions | $1,869,255 |
| 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 | $68,152,988 |
Grants Awarded
Over the last fiscal year, The Community Foundation Of Harrisonburg And Rockingham County has awarded $13,697,235 in support to 168 organizations.
| Grant Recipient | Amount |
|---|---|
Bridgewater, VA PURPOSE: ELDERLY | $2,280,307 |
Washington, DC PURPOSE: DISASTER RELIEF | $1,894,292 |
Bridgewater, VA PURPOSE: EDUCATION | $1,788,624 |
Norfolk, VA PURPOSE: HEALTHCARE | $1,470,724 |
Norfolk, VA PURPOSE: HEALTHCARE | $1,362,523 |
Harrisonburg, VA PURPOSE: SCHOLARSHIPS | $469,153 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that The Community Foundation Of Harrisonburg And Rockingham County has recieved totaling $257,821.
| Awarding Organization | Amount |
|---|---|
The Community Foundation Of Harrisonburg And Rockingham County Harrisonburg, VA PURPOSE: EDUCATION | $104,000 |
The Community Foundation Of Harrisonburg And Rockingham County Harrisonburg, VA PURPOSE: EDUCATION | $52,000 |
The Community Foundation Of Harrisonburg And Rockingham County Harrisonburg, VA PURPOSE: CIVIC | $41,597 |
T Rowe Price Program For Charitable Giving Inc Baltimore, MD PURPOSE: SPECIAL PROJECT | $20,000 |
The Community Foundation Of Harrisonburg And Rockingham County Harrisonburg, VA PURPOSE: CIVIC | $17,524 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $12,700 |
Endowment Analysis
| Beg. Balance | $35,390,923 |
| Earnings | -$3,813,229 |
| Admin Expense | $572,531 |
| Net Contributions | $4,453,965 |
| Grants | $1,341,417 |
| Ending Balance | $34,117,711 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
The Community Foundation Of Western North Carolina Inc Asheville, NC | $422,748,745 | $38,320,270 |
Blue Grass Community Foundation Inc Lexington, KY | $132,271,880 | $24,051,212 |
Community Foundation Of Greater Greensboro Inc Greensboro, NC | $268,212,461 | $40,395,887 |