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← COMMUNITY FOUNDATION FOR LOUDOUN AND NORTHERN FAUQUIER COUNTIES

Form 990 for tax year 2023

Filed by COMMUNITY FOUNDATION FOR LOUDOUN AND NORTHERN FAUQUIER COUNTIES.

Totals

Total revenue
$3,297,053
Total expenses
$2,668,798
Contributions and grants received
$3,076,667
Grants paid
$1,839,881
Program service revenue
$7,246
Investment income
$259,034
Other revenue
-$45,894
Total assets, end of year
$11,776,433
Total liabilities, end of year
$1,126,231
Net assets or fund balances, end of year
$10,650,202
Program services expenses (Part IX)
$2,569,544
Management and general expenses
$89,935
Fundraising expenses
$9,319
Program service expenses (Part III)
$2,569,544

Program services were 96.3% 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.

  • 1c · Fundraising events

    $181,104

  • 1f · All other contributions, gifts and grants

    $2,895,563

  • 1g · Noncash contributions included above

    $33,990

  • 2a · Program service revenue: TRAININGS AND WORKSHOP

    total $4,671 · related or exempt $4,671

  • 2b · Program service revenue: CONTRACTED SERVICES

    total $2,575 · related or exempt $2,575

  • 3 · Investment income

    total $235,987 · excluded $235,987

  • 7a · Gross sales of assets other than inventory

    other assets $23,047

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

    other assets $0

  • 7c · Gain or loss

    other assets $23,047

  • 7d · Net gain or loss

    total $23,047 · excluded $23,047

  • 8a · Fundraising events: gross income

    $43,983

  • 8a · Fundraising events: contributions included on line 1c

    $181,104

  • 8b · Fundraising events: direct expenses

    $124,352

  • 8c · Net income from fundraising events

    total -$80,369 · excluded -$80,369

  • 11a · Other revenue: MISCELLANEOUS

    total $29,647 · excluded $29,647

  • 11b · Other revenue: ADMIN FEES

    total $4,828 · excluded $4,828

  • 11e · Other revenue, total

    $34,475

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,839,881 · program services $1,839,881

  • 7 · Other salaries and wages

    total $288,635 · program services $266,462 · management and general $16,729 · fundraising $5,444

  • 9 · Other employee benefits

    total $25,413 · program services $23,461 · management and general $1,473 · fundraising $479

  • 10 · Payroll taxes

    total $23,854 · program services $22,021 · management and general $1,383 · fundraising $450

  • 11c · Fees: accounting

    total $32,948 · management and general $32,948

  • 11f · Fees: investment management

    total $26,546 · management and general $26,546

  • 11g · Fees: other

    total $133,844 · program services $133,844

  • 12 · Advertising and promotion

    total $67,860 · program services $67,860

  • 13 · Office expenses

    total $10,520 · program services $9,712 · management and general $610 · fundraising $198

  • 14 · Information technology

    total $22,382 · program services $20,663 · management and general $1,297 · fundraising $422

  • 16 · Occupancy

    total $106,078 · program services $97,930 · management and general $6,148 · fundraising $2,000

  • 17 · Travel

    total $311 · program services $311

  • 19 · Conferences, conventions and meetings

    total $1,160 · program services $1,071 · management and general $67 · fundraising $22

  • 22 · Depreciation, depletion and amortization

    total $10,232 · program services $9,446 · management and general $593 · fundraising $193

  • 23 · Insurance

    total $6,351 · program services $4,552 · management and general $1,799

  • 24a · Other expenses: COMMUNITY WORKSHOP

    total $15,994 · program services $15,994

  • 24b · Other expenses: FEES

    total $15,288 · program services $15,288

  • 24c · Other expenses: SOCIAL IMPACT INSTITUTE

    total $11,562 · program services $11,562

  • 24d · Other expenses: MEMBERSHIPS

    total $11,416 · program services $11,416

  • 24e · All other expenses

    total $18,523 · program services $18,070 · management and general $342 · fundraising $111

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,485,962 · end of year $1,804,376

  • 3 · Pledges and grants receivable

    beginning of year $25,453 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,790 · end of year $2,739

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

    $81,309

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

    $43,946

  • 10c · Land, buildings and equipment, net

    beginning of year $47,593 · end of year $37,363

  • 11 · Investments: publicly traded securities

    beginning of year $8,334,977 · end of year $9,346,343

  • 15 · Other assets

    beginning of year $671,674 · end of year $585,612

  • 17 · Accounts payable and accrued expenses

    beginning of year $19,767 · end of year $15,991

  • 25 · Other liabilities

    beginning of year $1,137,829 · end of year $1,110,240

  • 27 · Net assets without donor restrictions

    beginning of year $9,086,853 · end of year $10,340,202

  • 28 · Net assets with donor restrictions

    beginning of year $325,000 · end of year $310,000

Mission and programs · 2023

Mission

TO GROW COMMUNITY GIVING BY FOSTERING A COMMUNITY OF GRANTMAKERS, PROMOTING STRATEGIC LOCAL LEADERSHIP, AND INVESTING IN PARTNERSHIPS FOR THE BENEFIT OF THE COMMUNITY OF LOUDOUN AND NORTHERN FAUQUIER.

Activities or mission (Part I)

CF GROWS COMMUNITY GIVING IN LOUDOUN AND NORTHERN FAUQUIER COUNTIES THROUGH GRANTMAKING AND CONNECTING DONORS TO COMMUNITY NEEDS.

  • THE COMMUNITY FOUNDATION WORKS WITH LOCAL DONORS TO CREATE PERMANENT ENDOWMENT FUNDS TO SUPPORT CHARITABLE NEEDS WITH AN EMPHASIS ON LOUDOUN AND NORTHERN FAUQUIER COUNTIES AND SURROUNDING AREAS.

    Expenses $2,569,544 · Grants $1,839,881 · Revenue $7,246

As filed on the 2023 return.

Listed in Part VII

  • Lucky Wadehra

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Teresa Minchew

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Caroline Nash

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lara Major

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Paul Siker

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Tracey Lacey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Andy Johnston

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Janelle Brevard

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Sheila Escobedo Yusufi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tim Thompson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Charmaine Bushrod

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tracey White

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jaclyn O'Brien

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Eric Showalter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nicole Acosta

    PRESIDENT

    Total calculated
    $113,547
    From this org
    $102,840
    From related orgs
    $0
    Other
    $10,707
    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.

Grants on this return

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

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2024
IRS schema version
2023v5.0
Source object
202401369349302560

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

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