Skip to content
Nonprofiteer
← GREATER KANAWHA VALLEY FOUNDATION

Form 990 for tax year 2022

Filed by GREATER KANAWHA VALLEY FOUNDATION.

Totals

Total revenue
$30,306,337
Total expenses
$15,580,560
Contributions and grants received
$21,276,429
Grants paid
$12,795,636
Program service revenue
$0
Investment income
$8,666,492
Other revenue
$363,416
Total assets, end of year
$289,541,462
Total liabilities, end of year
$11,098,995
Net assets or fund balances, end of year
$278,442,467
Program services expenses (Part IX)
$13,820,349
Management and general expenses
$1,565,181
Fundraising expenses
$195,030
Program service expenses (Part III)
$13,820,349

Program services were 88.7% 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

    $21,276,429

  • 1g · Noncash contributions included above

    $14,729,872

  • 3 · Investment income

    total $4,052,227 · related or exempt $4,052,227

  • 7a · Gross sales of assets other than inventory

    securities $4,614,265

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

    securities $0

  • 7c · Gain or loss

    securities $4,614,265

  • 7d · Net gain or loss

    total $4,614,265 · related or exempt $4,614,265

  • 11a · Other revenue: OTHER INCOME

    total $363,416 · related or exempt $363,416

  • 11e · Other revenue, total

    $363,416

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $11,988,856 · program services $11,988,856

  • 2 · Grants to domestic individuals

    total $806,780 · program services $806,780

  • 5 · Compensation of officers, directors and key employees

    total $414,542 · program services $14,268 · management and general $369,087 · fundraising $31,187

  • 7 · Other salaries and wages

    total $711,822 · program services $345,073 · management and general $255,522 · fundraising $111,227

  • 8 · Pension plan contributions

    total $51,863 · program services $25,142 · management and general $18,617 · fundraising $8,104

  • 9 · Other employee benefits

    total $165,320 · program services $80,143 · management and general $59,345 · fundraising $25,832

  • 10 · Payroll taxes

    total $74,794 · program services $17,951 · management and general $47,868 · fundraising $8,975

  • 11b · Fees: legal

    total $86,026 · management and general $86,026

  • 11c · Fees: accounting

    total $36,500 · management and general $36,500

  • 11f · Fees: investment management

    total $168,148 · program services $168,148

  • 11g · Fees: other

    total $77,477 · management and general $77,477

  • 13 · Office expenses

    total $34,428 · program services $13,771 · management and general $13,771 · fundraising $6,886

  • 14 · Information technology

    total $115,390 · management and general $115,390

  • 16 · Occupancy

    total $156,584 · program services $54,804 · management and general $98,961 · fundraising $2,819

  • 19 · Conferences, conventions and meetings

    total $147,213 · management and general $147,213

  • 22 · Depreciation, depletion and amortization

    total $49,601 · management and general $49,601

  • 23 · Insurance

    total $34,491 · management and general $34,491

  • 24a · Other expenses: BANK FEES

    total $273,643 · program services $273,643

  • 24b · Other expenses: SPECIAL PROJECTS/GRANT

    total $122,808 · program services $27,244 · management and general $95,564

  • 24c · Other expenses: PRINTING & PUBLICATION

    total $35,143 · management and general $35,143

  • 24d · Other expenses: NET (INC)/DEC ADMIN FEE

    total $4,526 · program services $4,526

  • 24e · All other expenses

    total $24,605 · management and general $24,605

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $85,851 · end of year $418,756

  • 2 · Savings and temporary cash investments

    beginning of year $1,107,623 · end of year $1,204,993

  • 3 · Pledges and grants receivable

    end of year $13,000,000

  • 4 · Accounts receivable

    beginning of year $43,579 · end of year $136,779

  • 7 · Other notes and loans receivable

    beginning of year $300,000 · end of year $300,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $97,346 · end of year $63,436

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

    $489,797

  • 10b · Land, buildings and equipment: accumulated depreciation

    $128,658

  • 10c · Land, buildings and equipment, net

    beginning of year $410,741 · end of year $361,139

  • 11 · Investments: publicly traded securities

    beginning of year $324,638,822 · end of year $270,720,692

  • 15 · Other assets

    beginning of year $2,742,410 · end of year $3,335,667

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,968 · end of year $61,170

  • 18 · Grants payable

    beginning of year $2,036,928 · end of year $2,343,257

  • 24 · Unsecured notes and loans payable

    beginning of year $207,883 · end of year $184,125

  • 25 · Other liabilities

    beginning of year $8,158,458 · end of year $8,510,443

  • 27 · Net assets without donor restrictions

    beginning of year $316,274,323 · end of year $277,037,146

  • 28 · Net assets with donor restrictions

    beginning of year $2,740,812 · end of year $1,405,321

Mission and programs · 2022

Mission

THE GREATER KANAWHA VALLEY FOUNDATION IS A PHILANTHROPIC LEADER THAT HELPS DONORS, NONPROFITS, AND OTHER COLLABORATIVE PARTNERS STRENGTHEN OUR COMMUNITY SO ALL OF THE PEOPLE AND PLACES WE SERVE HAVE THE OPPORTUNITY TO THRIVE.

  • THIS IS A COMMUNITY TRUST ORGANIZED TO ACCEPT CONTRIBUTIONS, ESTABLISH AND ADMINISTER TRUSTS AND DISTRIBUTE INCOME FOR THE BENEFIT OF PEOPLE IN THE KANAWHA VALLEY AREA.

    Expenses $13,820,349 · Grants $12,795,636

As filed on the 2022 return.

Listed in Part VII

  • Todd Mount

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Susan Shumate

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Robert O Orders

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Dr Jason Castle

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Debra Sullivan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dale Clowser

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Debbie Sink

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Charles W Loeb Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Sean Mayberry

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Ted Armbrecht III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Will Carter

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dickinson Gould

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Georgette George

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Michelle Foster

    PRESIDENT AND CEO

    Total calculated
    $245,834
    From this org
    $212,433
    From related orgs
    $0
    Other
    $33,401
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $212,433
    Bonus
    $0
    Other
    $0
    Deferred
    $17,091
    Nontaxable benefits
    $16,310
    Filer's total
    $245,834

  • Kristin Mounts

    CHIEF FINANCIAL OFFICER

    Total calculated
    $168,706
    From this org
    $143,262
    From related orgs
    $0
    Other
    $25,444
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $143,262
    Bonus
    $0
    Other
    $0
    Deferred
    $13,233
    Nontaxable benefits
    $12,211
    Filer's total
    $168,706

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

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

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.

  • CENTRAL FUNDING 2 LLC

    INVESTMENT IN RENTALS · WV · income $0 · assets $13,000,000

    Directly controlled by THE GREATER KANAHWA VALLEY FOUNDATION

Provenance

Return type
form_990
Tax year
2022
Filed
30 October 2023
IRS schema version
2022v5.0
Source object
202313049349300841

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

The source document this was parsed from is served over the API, which is where bulk and document access live.