Community Foundation Of The Virginias Inc
- Assets
- $13.0m
- Revenue
- $615.6k
- Investments
- $0.0
- Employees
- 3
- Location
- Bluefield, WV
- Founding
- 08/1993
- Data as of
- 12/2022
- EIN
- 55-0724623
Organization Overview
Community Foundation Of The Virginias Inc is located in Bluefield, WV. The organization was established in 1993. 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 12/2022, Community Foundation Of The Virginias Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of The Virginias 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 12/2022, Community Foundation Of The Virginias Inc generated $615.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (13.0%) each year. All expenses for the organization totaled $920.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Community Foundation Of The Virginias Inc has awarded 62 individual grants totaling $826,820. 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
TO PROMOTE PHILANTHROPY BY FOSTERING CHARITABLE GIVING, SERVING OUR DONORS' INTERESTS, AND EFFECTIVELY RESPONDING TO OUR COMMUNITIES' NEEDS AND OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE EDUCATION, HEALTH, BEAUTIFICATION, YOUTH, AND RECREATION IN THE GREATER SOUTHERN WEST VIRGINIA & SOUTH WEST VIRGINIA AREAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Jo Babbitt Board Member | Trustee | 1 | $0 |
Mary Azzo Board Member | Trustee | 1 | $0 |
Betty Bailey Secretary | OfficerTrustee | 1 | $0 |
Jack Asbury Board Member | Trustee | 1 | $0 |
Kathleen Blaydes Board Member | Trustee | 1 | $0 |
Gene Bailey Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $3,095 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $198,714 |
| Noncash contributions included in lines 1a–1f | $30,656 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $201,809 |
| Total Program Service Revenue | $0 |
| Investment income | $327,163 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,000 |
| Net Gain/Loss on Asset Sales | $77,891 |
| Net Income from Fundraising Events | $5,718 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $615,581 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $366,416 |
| Grants and other assistance to domestic individuals. | $389,200 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $20,000 |
| Compensation of current officers, directors, key employees. | $19,531 |
| Compensation to disqualified persons | $31,519 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,793 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,823 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $473 |
| Office expenses | $4,151 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $234 |
| 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 | $10,100 |
| Insurance | $5,336 |
| All other expenses | $7,988 |
| Total functional expenses | $920,418 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $329,124 |
| 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 | $0 |
| Net Land, buildings, and equipment | $231,458 |
| Investments—publicly traded securities | $12,488,962 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,049,544 |
| Accounts payable and accrued expenses | $0 |
| 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 | $1,395 |
| Total liabilities | $1,395 |
| Net assets without donor restrictions | $515,402 |
| Net assets with donor restrictions | $12,532,747 |
| 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 | $13,049,544 |
Grants Awarded
Over the last fiscal year, Community Foundation Of The Virginias Inc has awarded $250,943 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
ABWE PURPOSE: SUPPORT THE MISSION OF THE ORGANIZATION | $10,000 |
BLUEFIELD PRIMARY SCHOOL PURPOSE: SUPPORT THE MISSION OF THE ORGANIZATIONS | $7,218 |
POSTPARTUM SUPPORT VIRGINIA PURPOSE: SUPPORT THE MISSION OF THE ORGANIZATIONS | $7,500 |
BLUEFIELD VA POLICE DEVELOPMENT PURPOSE: ASSIST POLICE AND FIRE DEPARTMENTS, PARKS AND RECREATION, AND OTHER GENERAL | $10,000 |
CITY OF BLUEFIELD FIRE DEPARTMENT PURPOSE: ASSIST POLICE AND FIRE DEPARTMENTS, PARKS AND RECREATION, AND OTHER GENERAL | $5,533 |
CALVARY HILL CHURCH PURPOSE: SUPPORT THE MISSION OF THE ORGANIZATIONS | $8,000 |