Totals
- Total revenue
- $1,259,574
- Total expenses
- $1,080,572
- Contributions and grants received
- $817,750
- Grants paid
- $275,000
- Program service revenue
- $297,041
- Investment income
- $144,783
- Other revenue
- $0
- Total assets, end of year
- $4,866,917
- Total liabilities, end of year
- $42,511
- Net assets or fund balances, end of year
- $4,824,406
- Program services expenses (Part IX)
- $722,269
- Management and general expenses
- $358,303
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $722,269
Program services were 66.8% 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.
-
1b · Membership dues
$317,296
-
1f · All other contributions, gifts and grants
$500,454
-
2a · Program service revenue: CONFR. REGISTRATIONS
total $297,041 · related or exempt $297,041
-
3 · Investment income
total $71,387 · excluded $71,387
-
7a · Gross sales of assets other than inventory
securities $250,000
-
7b · Less cost or other basis and sales expenses
securities $176,604
-
7c · Gain or loss
securities $73,396
-
7d · Net gain or loss
total $73,396 · excluded $73,396
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $275,000 · program services $275,000
-
5 · Compensation of officers, directors and key employees
total $168,625 · program services $134,901 · management and general $33,724
-
7 · Other salaries and wages
total $173,474 · program services $110,687 · management and general $62,787
-
8 · Pension plan contributions
total $5,842 · program services $3,642 · management and general $2,200
-
9 · Other employee benefits
total $32,682 · program services $21,213 · management and general $11,469
-
10 · Payroll taxes
total $22,569 · program services $16,036 · management and general $6,533
-
11b · Fees: legal
total $2,511 · management and general $2,511
-
11c · Fees: accounting
total $77,089 · management and general $77,089
-
11f · Fees: investment management
total $7 · management and general $7
-
11g · Fees: other
total $152,078 · program services $109,028 · management and general $43,050
-
13 · Office expenses
total $33,874 · program services $18,514 · management and general $15,360
-
19 · Conferences, conventions and meetings
total $134,813 · program services $33,248 · management and general $101,565
-
22 · Depreciation, depletion and amortization
total $429 · management and general $429
-
24a · Other expenses: DUES AND SUBSCRIPTIONS
total $1,579 · management and general $1,579
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $539,486 · end of year $576,329
-
3 · Pledges and grants receivable
beginning of year $2,000 · end of year $264,500
-
9 · Prepaid expenses and deferred charges
beginning of year $6,876 · end of year $11,707
-
10a · Land, buildings and equipment: cost or other basis
$4,505
-
10b · Land, buildings and equipment: accumulated depreciation
$987
-
10c · Land, buildings and equipment, net
beginning of year $1,117 · end of year $3,518
-
11 · Investments: publicly traded securities
beginning of year $2,756,603 · end of year $3,276,815
-
15 · Other assets
beginning of year $625,605 · end of year $734,048
-
17 · Accounts payable and accrued expenses
beginning of year $17,133 · end of year $42,511
-
19 · Deferred revenue
beginning of year $10,000 · end of year $0
-
25 · Other liabilities
beginning of year $31,125 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $3,089,974 · end of year $3,681,617
-
28 · Net assets with donor restrictions
beginning of year $783,455 · end of year $1,142,789
Mission and programs · 2023
Mission
THE MISSION OF THE CORPORATION IS TO PROMOTE HEALTH, EDUCATE THE PUBLIC, PROVIDE RELIEF TO THE POOR AND DISTRESSED, LESSEN THE BURDENS OF GOVERNMENT, AND COMBAT COMMUNITY DETERIORATION BY SERVING AS A STATEWIDE RESOURCE.
Activities or mission (Part I)
THE MISSION OF THE CORPORATION IS TO PROMOTE HEALTH, EDUCATE THE PUBLIC, PROVIDE RELIEF TO THE POOR AND DISTRESSED, LESSEN THE BURDENS OF GOVERNMENT, AND COMBAT COMMUNITY DETERIORATION BY SERVING AS A STATEWIDE RESOURCE THAT (1) OFFERS FINANCIAL SUPPORT FOR CHARITABLE AND EDUCATIONAL INITIATIVES ACROSS THE STATE, (2) ENGAGES IN RESEARCH AND EDUCATION THAT IS MADE PUBLICLY AVAILABLE, AND (3) DEVELOPS AND ENCOURAGES COLLABORATIONS THAT ACCOMPLISH CHARITABLE AND EDUCATIONAL OBJECTIVES THROUGH RESOURCE-SHARING, LEARNING, AND NETWORKING.
-
VIRGINIA FUNDERS' NETWORK (VFN) - A STATEWIDE MEMBERSHIP PROGRAM OF MORE THAN 100 PHILANTHROPIC ORGANIZATIONS WORKING TO IMPROVE THE QUALITY OF LIFE IN THE COMMONWEALTH. VFN ENHANCES THE EFFECTIVENESS OF OUR MEMBERS' WORK THROUGH NETWORKING, COLLABORATION, LEARNING, AND LEVERAGE.
Expenses $497,269 · Grants $50,000 · Revenue $297,041
-
PATH PARTNERSHIPS ONE-TIME DISCRETIONARY COMMUNITY GRANTS.
Expenses $225,000 · Grants $225,000
As filed on the 2023 return.
Listed in Part VII
-
CHRISTINE M CONNOLLY
PRESIDENT
- Total calculated
- $438,654
- From this org
- $0
- From related orgs
- $362,008
- Other
- $76,646
- Hours/week
- 2 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $362,008 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $40,850 related
- Nontaxable benefits
- $0 + $35,796 related
- Filer's total
- $0 + $438,654 related
-
DOUGLAS MARSHALL
CHAIR
- Total calculated
- $0
- Hours/week
- 0.25 + 2 related
-
ROGER BAKER
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 0.25 + 2 related
-
HANNAH RODRIGUEZ
SECRETARY/TREASURER
- Total calculated
- $0
- Hours/week
- 0.25 + 2 related
-
ELIZABETH L DIETEL
MEMBER
- Total calculated
- $0
- Hours/week
- 0.25 + 1.5 related
-
DAPHNE LATIMORE
MEMBER
- Total calculated
- $0
- Hours/week
- 0.25 + 1.5 related
-
JOHN MCCARTHY
MEMBER
- Total calculated
- $0
- Hours/week
- 0.25 + 1.5 related
-
ELIZABETH LITTLEFIELD
CEO, VA FUNDERS NETWORK
- Total calculated
- $74,665
- From this org
- $0
- From related orgs
- $62,868
- Other
- $11,797
- Hours/week
- 40
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 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4a · Severance or change-of-control payment
Answered no
- 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
The filer's explanations (Part III)
- PART I, LINE 3
- THE PRESIDENT OF PATH PARTNERSHIPS IS COMPENSATED BY PATH FOUNDATION. PATH FOUNDATION USES A COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEYS, AND APPROVAL BY COMPENSATION COMMITTEE TO ESTABLISH COMPENSATION FOR THE PRESIDENT. THE MOST RECENT COMPENSATION SURVEY WAS COMPLETED OCTOBER 1, 2023.
- PART I, LINE 4A
- KATY MOORE, THE FORMER CEO, RECEIVED SEVERANCE PAYMENTS OF $19,969.
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
-
CENTER FOR NON PROFIT EXCELLENCE
$150,000
DISCRETIONARY GRANT - DONATION TO CAPITAL CAMPAIGN
-
$75,000
ONE TIME CONTRIBUTION - SANDRA LAMB CHARITABLE TRUST PROCEEDS
-
$50,000
GRANT TO CARDINAL NEWS IN SUPPORT OF REGIONAL HEALTH REPORTER
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.
-
501(C)(3) · GRANTMAKING FOUNDATION · VA
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.
-
REAL ESTATE HOLDINGS · VA · income $151 · assets $5,717,470
Directly controlled by PATH FOUNDATION
-
REAL ESTATE HOLDINGS · VA · income $95 · assets $1,268,479
Directly controlled by PATH FOUNDATION
-
REAL ESTATE HOLDINGS · VA · income $102,777 · assets $85,909
Directly controlled by PATH FOUNDATION
-
REAL ESTATE HOLDINGS · VA · income $272 · assets $1,785,439
Directly controlled by PATH FOUNDATION
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 25 March 2025
- IRS schema version
- 2023v6.0
- Source object
- 202540849349300219
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