Community Foundation Of The Chattahoochee Valley Inc
- Assets
- $203.9m
- Revenue
- $35.6m
- Investments
- $138.7m
- Employees
- 6
- Location
- Columbus, GA
- Founding
- 08/1998
- Data as of
- 09/2020
- EIN
- 58-2381589
Organization Overview
Community Foundation Of The Chattahoochee Valley Inc is located in Columbus, GA. The organization was established in 1998. 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 09/2021, Community Foundation Of The Chattahoochee Valley Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of The Chattahoochee Valley 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 09/2020, Community Foundation Of The Chattahoochee Valley Inc generated $35.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $16.1m during the year ending 09/2020. While expenses have increased by 4.3% per year over the past 6 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 The Chattahoochee Valley Inc has awarded 1,936 individual grants totaling $95,666,833. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
HELPING MORE THAN 1,000 DONORS AND THEIR FAMILIES CREATE AND SUPPORT PHILANTHROPIC FUNDS TO MAKE CHARITABLE GIVING EASY, FAST AND EFFECTIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION RECEIVED $45,552,435 IN CONTRIBUTION INCOME FROM APPROXIMATELY 595 DONORS DURING THE YEAR. IN ADDITION, GRANTS WERE DISPERSED TO APPROXIMATELY 689 RECIPIENTS TOTALING $13,616,857.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Betsy Covington President & Chief Executiv | Officer | 40 | $180,447 |
Leah Poole CFO | 40 | $113,202 | |
Jimmy Musgrove Director Of Donor Services | 40 | $110,698 | |
W Fray Mccormick Treasurer/chair Investment | Trustee | 1 | $0 |
Alan F Rothschild Jr General Counsel | Trustee | 1 | $0 |
Victoria Barrett Chair Distributions | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,219,162 |
| Investment income | $2,725,577 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,604,833 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $35,593,899 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $33,567 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $200,277 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $377,675 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $42,663 |
| Payroll taxes | $42,490 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $7,814 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $223,880 |
| Fees for services: Other | $27,000 |
| Advertising and promotion | $38,020 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $48,381 |
| Travel | $2,534 |
| 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 | $7,179 |
| Insurance | $8,986 |
| All other expenses | $0 |
| Total functional expenses | $16,104,240 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $329,106 |
| Savings and temporary cash investments | $9,477,506 |
| Pledges and grants receivable | $19,500 |
| 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 |
| Investments—publicly traded securities | $53,621,198 |
| Investments—other securities | $138,732,098 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,655,289 |
| Total assets | $203,858,921 |
| Accounts payable and accrued expenses | $18,275 |
| 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 | $3,552,771 |
| Total liabilities | $3,571,046 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $200,287,875 |
Grants Awarded
Over the last fiscal year, Community Foundation Of The Chattahoochee Valley Inc has awarded $12,451,602 in support to 268 organizations.
| Grant Recipient | Amount |
|---|---|
Indianapolis, IN PURPOSE: MULTIPLE SUPPORT | $800,000 |
Athens, GA PURPOSE: MULTIPLE SUPPORT | $756,500 |
Phenix City, AL PURPOSE: MULTIPLE SUPPORT | $750,000 |
Columbus, GA PURPOSE: MULTIPLE SUPPORT | $661,815 |
Lexington, VA PURPOSE: MULTIPLE SUPPORT | $512,500 |
Columbus, GA PURPOSE: MULTIPLE SUPPORT | $492,393 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Community Foundation Of The Chattahoochee Valley Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
The Robert & Carol Flowers Foundation Dothan, AL PURPOSE: GENERAL FUND | $1,000 |
Endowment Analysis
| Beg. Balance | $189,325,899 |
| Earnings | $48,579,356 |
| Net Contributions | $36,735,911 |
| Other Expense | $1,006,868 |
| Grants | $5,710,017 |
| Ending Balance | $267,924,281 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Community Foundation For Northeast Florida Inc Jacksonville, FL | $630,367,087 | $110,893,672 |
Givewell Community Foundation Inc Lakeland, FL | $419,262,531 | $231,457,010 |
North Carolina Community Foundation Inc Raleigh, NC | $442,779,010 | $109,848,330 |
Community Foundation Of Collier County Naples, FL | $218,053,316 | $48,461,607 |
Triangle Community Foundation Durham, NC | $302,593,887 | $28,260,487 |
Coastal Community Foundation Of South Carolina Inc N Charleston, SC | $293,333,431 | $80,143,972 |
Chattanooga Christian Community Foundation Chattanooga, TN | $107,861,272 | $37,732,736 |
The Community Foundation Of Greater Birmingham Birmingham, AL | $299,631,425 | $49,687,592 |
Community Foundation Of Greater Chattanooga Inc Chattanooga, TN | $242,437,300 | $52,106,763 |
Community Foundation Of Tampa Bay Inc Tampa, FL | $288,002,169 | $39,276,460 |
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 |