Skip to content
Nonprofiteer
← FAMILY FOUNDATION

Form 990 for tax year 2023

Filed by FAMILY FOUNDATION.

Totals

Total revenue
$1,903,812
Total expenses
$2,049,597
Contributions and grants received
$1,406,187
Grants paid
$0
Program service revenue
$0
Investment income
$24,360
Other revenue
$473,265
Total assets, end of year
$2,883,430
Total liabilities, end of year
$301,346
Net assets or fund balances, end of year
$2,582,084
Program services expenses (Part IX)
$1,473,008
Management and general expenses
$239,027
Fundraising expenses
$337,562
Program service expenses (Part III)
$1,473,008

Program services were 71.9% 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

    $1,406,187

  • 1g · Noncash contributions included above

    $75,306

  • 3 · Investment income

    total $25,203 · excluded $25,203

  • 7a · Gross sales of assets other than inventory

    securities $91,219

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

    securities $92,062

  • 7c · Gain or loss

    securities -$843

  • 7d · Net gain or loss

    total -$843 · excluded -$843

  • 8a · Fundraising events: gross income

    $755,752

  • 8b · Fundraising events: direct expenses

    $282,487

  • 8c · Net income from fundraising events

    total $473,265 · excluded $473,265

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $154,160 · program services $107,912 · management and general $21,582 · fundraising $24,666

  • 7 · Other salaries and wages

    total $970,597 · program services $783,524 · management and general $84,781 · fundraising $102,292

  • 9 · Other employee benefits

    total $62,867 · program services $44,007 · management and general $8,801 · fundraising $10,059

  • 10 · Payroll taxes

    total $72,006 · program services $50,404 · management and general $10,081 · fundraising $11,521

  • 11c · Fees: accounting

    total $54,273 · program services $32,564 · management and general $21,709

  • 11g · Fees: other

    total $19,350 · program services $11,610 · management and general $7,740

  • 13 · Office expenses

    total $20,934 · program services $546 · management and general $13,153 · fundraising $7,235

  • 14 · Information technology

    total $19,421 · program services $13,595 · management and general $2,719 · fundraising $3,107

  • 16 · Occupancy

    total $39,450 · program services $27,615 · management and general $5,523 · fundraising $6,312

  • 17 · Travel

    total $28,037 · program services $8,178 · management and general $10,222 · fundraising $9,637

  • 20 · Interest

    total $10,519 · management and general $10,519

  • 22 · Depreciation, depletion and amortization

    total $109,901 · program services $76,931 · management and general $15,386 · fundraising $17,584

  • 23 · Insurance

    total $8,018 · program services $5,613 · management and general $1,122 · fundraising $1,283

  • 24a · Other expenses: Legislative affairs

    total $193,461 · program services $191,452 · management and general $2,009

  • 24b · Other expenses: Capital campaign

    total $60,548 · fundraising $60,548

  • 24c · Other expenses: Postage and shipping

    total $49,286 · program services $450 · management and general $10 · fundraising $48,826

  • 24d · Other expenses: Repairs and maintenance

    total $44,191 · program services $30,934 · management and general $6,187 · fundraising $7,070

  • 24e · All other expenses

    total $132,578 · program services $87,673 · management and general $17,483 · fundraising $27,422

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,161,937 · end of year $871,333

  • 3 · Pledges and grants receivable

    beginning of year $80,432 · end of year $46,350

  • 4 · Accounts receivable

    beginning of year $22,741 · end of year $24,419

  • 9 · Prepaid expenses and deferred charges

    beginning of year $13,875 · end of year $55,035

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

    $2,430,512

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

    $544,219

  • 10c · Land, buildings and equipment, net

    beginning of year $1,797,505 · end of year $1,886,293

  • 11 · Investments: publicly traded securities

    beginning of year $16,758 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $90,066 · end of year $157,637

  • 23 · Secured mortgages and notes payable

    beginning of year $305,871 · end of year $143,709

  • 27 · Net assets without donor restrictions

    beginning of year $2,616,879 · end of year $2,510,937

  • 28 · Net assets with donor restrictions

    beginning of year $80,432 · end of year $71,147

Mission and programs · 2023

Mission

The Family Foundation provides research and education on issues affecting Virginia families.

  • The Foundation provides research and education on issues affecting the family to more than 200,000 Virginians, the media, and elected officials. It produces reports and issues briefs on family impact issues, holds regional citizen briefings and training, brings national speakers to Virginia to speak on family issues, operates a full time constituent service office for Virginia families and a citizen resource library.

    Expenses $1,220,706

  • Founding Freedoms Law Center was formed to provide a counterbalance to threats against Virginians fundamental liberties, especially the right to life, the freedom to peaceably assemble, the free exercise of religion, the rights of conscience, and the rights of parents to raise their children consistent with their values. The Law Center also serves as a check against overreaching governments and to defend the individuals and institutions whose rights need vindicating.

    Expenses $183,955

  • The Church Ambassador Network is a ministry arm of The Family Foundation through which pastors connect to both The Family Foundation and other like-minded pastors. CAN is denominationally, regionally and ethnically diverse, attempting to illustrate a unity in the body of Christ on pro-family issues. The Church Ambassador Network exists to support and minister to pastors as they lead their congregation. Through the CAN, clergy can receive resources such as Sermon Assistance (including video and manuscript support), Chaplain Blog, Video Content, Bulletin Inserts, Virginia General Assembly Update, Ministry Pulse: 2-minute pastor interviews on various topics, and Culture Impact Teams.

    Expenses $68,347

  • The Family Foundation educates and trains young people. High schoolers are encouraged to become a Family Foundation page during the annual General Assembly sessions. As a page, these young people receive a hands-on civic education paired with a biblical worldview framework. College students are encouraged to apply to our summer internship program or attend our Worldview Academy. In our internship, students receive mentorship in a non-profit in the areas of grassroots, ministry, development, administration, policy or social media while learning Virginia government. Interns also participate in our weekly Worldview Academy that helps attendees secure a firm foundation of faith in a hostile culture.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jon Loftis

    Chairman

    Total calculated
    $0
    Hours/week
    3

  • Robert McFarland

    Vice Chairman

    Total calculated
    $0
    Hours/week
    1

  • Dean Nichols

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Sharon Griffin

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • John Disosway

    Immediate Past Chairman

    Total calculated
    $0
    Hours/week
    1

  • William Phillips

    Board Governance Chair

    Total calculated
    $0
    Hours/week
    1

  • Walter Cox

    Development Chair

    Total calculated
    $0
    Hours/week
    1

  • Ty Fabling

    Policy Chair

    Total calculated
    $0
    Hours/week
    1

  • Chris Meyer

    Law Center Chair

    Total calculated
    $0
    Hours/week
    1

  • Charles Kohstall

    Grassroots Chair

    Total calculated
    $0
    Hours/week
    1

  • Diana Banister

    Director

    Total calculated
    $0
    Hours/week
    1

  • Louis Monacell

    Director

    Total calculated
    $0
    Hours/week
    1

  • Lizbeth White

    Director

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Smith

    Director

    Total calculated
    $0
    Hours/week
    1

  • Tom Morr

    Director

    Total calculated
    $0
    Hours/week
    1

  • Cassie Laymon

    Director

    Total calculated
    $0
    Hours/week
    1

  • Victoria Cobb

    President

    Total calculated
    $149,885
    From this org
    $149,885
    From related orgs
    $0
    Other
    $0
    Hours/week
    35

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

No itemized grants to organizations on this return.

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.

  • The Family Foundation Action

    501(c)(4) · Education and promotion of social welfare · VA · controlled entity

    Directly controlled by The Family Foundation of Virginia

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.

  • TFF Holdings LLC

    Real Estate · VA · income $5,000 · assets $1,877,209

    Directly controlled by The Family Foundation of Virginia

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • TFF Management Group LLC

    Related · Real Estate · VA · 99% owned · general or managing partner

    Directly controlled by The Family Foundation of Virginia

Provenance

Return type
form_990
Tax year
2023
Filed
22 January 2025
IRS schema version
2023v6.0
Source object
202530239349301118

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.