Form 990 for tax year 2023
Filed by PARKERSBURG AREA COMMUNITY FOUNDATION INC.
Totals
- Total revenue
- $8,697,778
- Total expenses
- $4,006,931
- Contributions and grants received
- $4,787,010
- Grants paid
- $3,048,796
- Program service revenue
- $0
- Investment income
- $3,880,670
- Other revenue
- $30,098
- Total assets, end of year
- $87,927,274
- Total liabilities, end of year
- $3,470,767
- Net assets or fund balances, end of year
- $84,456,507
- Program services expenses (Part IX)
- $3,186,323
- Management and general expenses
- $801,013
- Fundraising expenses
- $19,595
- Program service expenses (Part III)
- $3,186,323
Program services were 79.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$4,787,010
-
3 · Investment income
total $2,334,856 · excluded $2,334,856
-
7a · Gross sales of assets other than inventory
securities $1,545,814
-
7b · Less cost or other basis and sales expenses
securities $0
-
7c · Gain or loss
securities $1,545,814
-
7d · Net gain or loss
total $1,545,814 · excluded $1,545,814
-
11a · Other revenue: ADMIN FEE INCOME
total $24,247 · related or exempt $24,247
-
11b · Other revenue: OTHER INCOME
total $5,851 · related or exempt $5,851
-
11e · Other revenue, total
$30,098
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $2,390,668 · program services $2,390,668
-
2 · Grants to domestic individuals
total $658,128 · program services $658,128
-
5 · Compensation of officers, directors and key employees
total $147,603 · program services $48,238 · management and general $99,365
-
7 · Other salaries and wages
total $208,349 · program services $68,091 · management and general $140,258
-
8 · Pension plan contributions
total $7,377 · program services $2,411 · management and general $4,966
-
9 · Other employee benefits
total $27,880 · program services $9,111 · management and general $18,769
-
10 · Payroll taxes
total $26,241 · program services $8,576 · management and general $17,665
-
11c · Fees: accounting
total $47,115 · management and general $47,115
-
11f · Fees: investment management
total $290,505 · management and general $290,505
-
12 · Advertising and promotion
total $7,312 · fundraising $7,312
-
13 · Office expenses
total $139,000 · program services $1,100 · management and general $137,900
-
19 · Conferences, conventions and meetings
total $7,166 · management and general $7,166
-
22 · Depreciation, depletion and amortization
total $20,905 · management and general $20,905
-
24a · Other expenses: TAX EXPENSE
total $16,399 · management and general $16,399
-
24b · Other expenses: PRINTING
total $7,158 · fundraising $7,158
-
24c · Other expenses: POSTAGE
total $5,125 · fundraising $5,125
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,393,759 · end of year $1,101,030
-
4 · Accounts receivable
beginning of year $12,386
-
10a · Land, buildings and equipment: cost or other basis
$484,070
-
10b · Land, buildings and equipment: accumulated depreciation
$199,714
-
10c · Land, buildings and equipment, net
beginning of year $287,881 · end of year $284,356
-
11 · Investments: publicly traded securities
beginning of year $77,919,734 · end of year $86,433,912
-
15 · Other assets
beginning of year $73,642 · end of year $107,976
-
17 · Accounts payable and accrued expenses
beginning of year $32,168 · end of year $20,670
-
18 · Grants payable
beginning of year $908,353 · end of year $694,334
-
25 · Other liabilities
beginning of year $2,660,305 · end of year $2,755,763
-
27 · Net assets without donor restrictions
beginning of year $9,978,248 · end of year $10,676,227
-
28 · Net assets with donor restrictions
beginning of year $66,108,328 · end of year $73,780,280
Mission and programs · 2023
Mission
WE SERVE OUR REGION'S CITIZENS BY PROVIDING LEADERSHIP AND INSPIRING PEOPLE TO BUILD PERMANENT RESOURCES FOR THE BETTERMENT OF THEIR COMMUNITIES THROUGH THE FOUNDATION. OUR VISION IS THAT OUR FOUNDATION WILL HOLD A VITAL ROLE IN OUR REGION SUPPORTING PEOPLE WHO WORK TOGETHER TO BUILD RESOURCES AND TO APPLY LEADERSHIP, CREATING A BETTER PLACE FOR CITIZENS TODAY AND TOMORROW.
Activities or mission (Part I)
REFER TO SCHEDULE O FOR CONTINUATION: PARTNERING WITH GENEROUS PEOPLE TO BUILD PERMANENT PHILANTHROPIC RESOURCES THAT STRENGTHEN OUR COMMUNITIES. CORPORATE FORM OF PUBLIC CHARITY COMMUNITY CHARITABLE FOUNDATION ORGANIZATION DISTRIBUTING GRANTS TO CHARITABLE OR NON-PROFIT ORGANIZATIONS. ALSO AWARDING COMPETITIVE GRANTS, DISTRIBUTIONS, AND SCHOLARSHIPS THROUGH AN APPLICATION AND REVIEW PROCESS. THE FOCUS OF THE AWARDS IS TOWARD EDUCATION, WELFARE ENHANCEMENT, CIVIC PROJECTS, AND COMMUNITY BETTERMENT THROUGH GRANTS TO QUALIFIED ORGANIZATIONS AND COMPETITIVE SCHOLARSHIPS TO INDIVIDUALS IN THE GREATER MID-OHIO VALLEY AND SURROUNDING AREA.
-
COMMUNITY ACTION GRANTS AND HORNBROOK FUND GRANTS THAT ARE AWARDED VIA A COMPETITIVE GRANT MAKING PROCESS FROM THE FOUNDATION'S UNRESTRICTED AND FIELD-OF-INTEREST FUNDS.
Expenses $21,400 · Grants $21,400
-
SCHOLARSHIP RECIPIENTS; FUNDS LIST SPECIFIC CRITERIA BY WHICH RECIPIENTS ARE TO BE CHOSEN. THIS INCLUDES FINANCIAL NEED AND ACADEMIC ACHIEVEMENT. SCHOLARSHIP REVIEW COMMITTEES ARE ESTABLISHED BY THE FOUNDATION ACCORDING TO ITS 'SCHOLARSHIP POLICY', AND IN COMPLIANCE WITH H.R.4. MEMBERS TO SUCH COMMITTEES ARE APPROVED BY THE FOUNDATION'S BOARD ANNUALLY AND ASSIST IN THE REVIEW OF CANDIDATES BASED ON THE FUND'S SELECTION CRITERIA AND RECOMMEND RECIPIENTS TO THE FOUNDATION'S BOARD. ALL SCHOLARSHIPS ARE AWARDED WITHOUT REGARD TO RACE, SEX, OR CREED. RECIPIENTS ARE REQUIRED TO SUBMIT EVIDENCE OF POST-HIGH SCHOOL QUALIFIED EDUCATIONAL INSTITUTION ENROLLMENT, AND SUBMIT TRANSCRIPTS OR OTHER EVIDENCE OF ACADEMIC PROGRESS EACH YEAR.
Expenses $658,128 · Grants $658,128
-
GRANTMAKING FROM ALL OTHER RESTRICTED FUNDS, SPECIAL CAMPAIGNS AND GRANTS RECEIVED BY THE FOUNDATION AND DISTRIBUTED BY THE FOUNDATION FOR THEIR INTENDED PURPOSES. THIS INCLUDES: DESIGNATED FUNDS, DONOR ADVISED FUNDS AND AGENCY ENDOWMENT AND AGENCY DESIGNATED FUNDS; THE GIVE LOCAL MOV CAMPAIGN; AND GRANTS ASSIGNED TO SPECIFIC PROJECTS, GEOGRAPHIC COMMUNITIES AND GRANTS FOR ADMINISTRATIVE PURPOSES.
Expenses $2,506,795 · Grants $2,369,268
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Greg CottrillGREG COTTRILL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jean FreelandJEAN FREELAND
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Chuck HudsonCHUCK HUDSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Judy SjostedtJUDY SJOSTEDT
CO-EXECUTIVE DIRECTOR
- Total calculated
- $51,923
- From this org
- $51,923
- From related orgs
- $0
- Other
- $0
- Hours/week
- 50
-
Ann BeckANN BECK
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Mary Anne KetelsenMARY ANNE KETELSEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Cynthia BrownCYNTHIA BROWN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Kam LawsonKAM LAWSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Marie E CaltriderMARIE E CALTRIDER
CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1
-
Doug KreinikDOUG KREINIK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Linda GerrardLINDA GERRARD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Joshua CampbellJOSHUA CAMPBELL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jane IrvineJANE IRVINE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Ryan KentRYAN KENT
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Tom WhalingTOM WHALING
VICE-CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1
-
Lynn ErbLYNN ERB
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Bryan ReamBRYAN REAM
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Robert WrightROBERT WRIGHT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Fred RaderFRED RADER
CO-EXECUTIVE DIRECTOR
- Total calculated
- $95,680
- From this org
- $95,680
- From related orgs
- $0
- Other
- $0
- Hours/week
- 50
-
Jayne WhitlowJAYNE WHITLOW
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Alice HarrisALICE HARRIS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Lexi MillerLEXI MILLER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Dave McClureDAVE MCCLURE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Amy CaruthersAMY CARUTHERS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Randy DickRANDY DICK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
-
$129,125
DISABILITY SERVICES
-
YOUTH & FAMILY
-
BOYS & GIRLS CLUB OF PARKERSBURG
$110,173
YOUTH & FAMILY
-
WOOD COUNTY SCHOOLS
$69,090
EDUCATION
-
$58,200
DISABILITY SERVICES
-
TRINITY EPISCOPAL CHURCH
$56,730
RELIGIONRELIGION
-
PARKERSBURG POLICE DEPARTMENT
$51,166
COMMUNITY
-
$50,000
HOMELESSNESS AND HOUSING
-
HUMAN SERVICES
-
$43,761
ARTS, CULTURE, & HISTORY
The 10 largest by cash amount. The API serves every itemized grant.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
PARKERSBURG AREA COMMUNITY FOUNDATION
509(A)1 · PUBLIC CHARITY FDN/MISSION & PURPOSE SAME AS PARKERSBURG AREA COMM. FDN INC · WV
Directly controlled by PARKERSBURG AREA COMMUNITY FOUNDATION INC
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
FOUNDATION OFFICE · WV
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202433209349305613
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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