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Nonprofiteer
← COMMUNITY FOUNDATION OF THE NEW RIVER VALLEY INC

Form 990 for tax year 2024

Filed by COMMUNITY FOUNDATION OF THE NEW RIVER VALLEY INC.

Totals

Total revenue
$3,966,037
Total expenses
$1,717,878
Contributions and grants received
$2,726,819
Grants paid
$1,073,959
Program service revenue
$0
Investment income
$1,239,218
Other revenue
$0
Total assets, end of year
$19,824,904
Total liabilities, end of year
$45,863
Net assets or fund balances, end of year
$19,779,041
Program services expenses (Part IX)
$1,563,807
Management and general expenses
$98,984
Fundraising expenses
$55,087
Program service expenses (Part III)
$1,563,807

Program services were 91.0% 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.

  • 1e · Government grants (contributions)

    $466,186

  • 1f · All other contributions, gifts and grants

    $2,260,633

  • 1g · Noncash contributions included above

    $98,264

  • 3 · Investment income

    total $730,272

  • 7a · Gross sales of assets other than inventory

    other assets $4,585,712

  • 7b · Less cost or other basis and sales expenses

    other assets $4,076,766

  • 7c · Gain or loss

    other assets $508,946

  • 7d · Net gain or loss

    total $508,946

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $544,921 · program services $544,921

  • 2 · Grants to domestic individuals

    total $529,038 · program services $529,038

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $96,400 · program services $57,840 · management and general $19,280 · fundraising $19,280

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $186,374 · program services $157,534 · management and general $14,420 · fundraising $14,420

  • 8 · Pension plan contributions

    total $17,954 · program services $13,236 · management and general $2,359 · fundraising $2,359

  • 9 · Other employee benefits

    total $22,625 · program services $18,101 · management and general $2,262 · fundraising $2,262

  • 10 · Payroll taxes

    total $21,458 · program services $16,346 · management and general $2,556 · fundraising $2,556

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $32,171 · program services $8,357 · management and general $23,814

  • 11d · Fees: lobbying

    total $0

  • 11f · Fees: investment management

    total $95,893 · program services $95,893

  • 11g · Fees: other

    total $7,300 · program services $7,300

  • 12 · Advertising and promotion

    total $21,092 · program services $11,347 · management and general $357 · fundraising $9,388

  • 13 · Office expenses

    total $15,569 · program services $10,590 · management and general $4,673 · fundraising $306

  • 14 · Information technology

    total $29,947 · program services $17,968 · management and general $10,481 · fundraising $1,498

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $29,407 · program services $22,056 · management and general $5,881 · fundraising $1,470

  • 17 · Travel

    total $3,652 · program services $2,896 · fundraising $756

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $4,900 · management and general $4,900

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $5,416 · management and general $5,416

  • 24a · Other expenses: DUES, SUBSCRIPTIONS FEES

    total $5,137 · program services $2,905 · management and general $1,789 · fundraising $443

  • 24b · Other expenses: RECOGNITION DONOR RELATIONS

    total $646 · management and general $297 · fundraising $349

  • 24c · Other expenses: PROPERTY TAX

    total $721 · program services $222 · management and general $499

  • 24d · Other expenses: INITIATIVES PROGRAMS

    total $47,257 · program services $47,257

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $137,936 · end of year $164,084

  • 2 · Savings and temporary cash investments

    beginning of year $358,515 · end of year $714,713

  • 7 · Other notes and loans receivable

    beginning of year $100,000 · end of year $75,000

  • 10a · Land, buildings and equipment: cost or other basis

    $30,000

  • 10c · Land, buildings and equipment, net

    beginning of year $30,000 · end of year $30,000

  • 11 · Investments: publicly traded securities

    beginning of year $16,057,256 · end of year $18,786,245

  • 15 · Other assets

    beginning of year $27,162 · end of year $54,862

  • 17 · Accounts payable and accrued expenses

    beginning of year $32,857 · end of year $45,863

  • 27 · Net assets without donor restrictions

    beginning of year $158,665 · end of year $218,469

  • 28 · Net assets with donor restrictions

    beginning of year $16,519,347 · end of year $19,560,572

Mission and programs · 2024

Mission

THE MISSION OF THE COMMUNITY FOUNDATION OF THE NEW RIVER VALLEY IS TO ENRICH OUR COMMUNITY BY PROVIDING PROFESSIONAL MANAGEMENT SERVICES TO DONORS FOR THEIR CHARITABLE CAUSES, AWARDING VISIONARY GRANTS AND SCHOLARSHIPS, AND NURTURING COLLABORATIONS IN OUR COMMUNITY.

Activities or mission (Part I)

TO ENHANCE THE QUALITY OF LIFE IN THE NEW RIVER VALLEY VA.

  • 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.

    Expenses $1,563,807

As filed on the 2024 return.

Listed in Part VII

  • Pat Hyer

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Kathy Krendl

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • David Riggan

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • F Brad Denardo

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Paula Alston

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Nancy Artis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Eric Chapman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Catherine Cotrupi

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Laura Dudley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • William Ellenbogen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Rob Graham

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Angela Joyner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jamie McReynolds

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Karen Eley Sanders

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Roger Slusher

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jill Williams

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jessica Wirgau

    CEO

    Total calculated
    $0
    Hours/week
    45

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2024
Filed
11 November 2025
IRS schema version
2024v5.2
Source object
202513159349306686

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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