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Nonprofiteer
← THE COMMUNITY FOUNDATION INC

Form 990 for tax year 2023

Filed by THE COMMUNITY FOUNDATION INC.

Totals

Total revenue
$119,331,194
Total expenses
$84,410,014
Contributions and grants received
$68,468,152
Grants paid
$62,365,520
Program service revenue
$744,423
Investment income
$49,979,501
Other revenue
$139,118
Total assets, end of year
$800,875,567
Total liabilities, end of year
$70,332,553
Net assets or fund balances, end of year
$730,543,014
Program services expenses (Part IX)
$73,682,852
Management and general expenses
$8,913,418
Fundraising expenses
$1,813,744
Program service expenses (Part III)
$73,682,852

Program services were 87.3% 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.

  • 1d · Related organizations

    $3,825,854

  • 1e · Government grants (contributions)

    $8,184,291

  • 1f · All other contributions, gifts and grants

    $56,458,007

  • 1g · Noncash contributions included above

    $23,303,665

  • 2a · Program service revenue: CIVIC ENGAGEMENT

    total $661,346 · related or exempt $661,346

  • 2b · Program service revenue: PROGRAM-RELATED INTEREST INCOME

    total $45,313 · related or exempt $45,313

  • 2c · Program service revenue: CONNECTVA

    total $36,630 · related or exempt $36,630

  • 2d · Program service revenue: LEARNING

    total $1,134 · related or exempt $1,134

  • 3 · Investment income

    total $14,306,408 · unrelated business -$41,211 · excluded $14,347,619

  • 7a · Gross sales of assets other than inventory

    securities $35,673,093

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

    securities $0

  • 7c · Gain or loss

    securities $35,673,093

  • 7d · Net gain or loss

    total $35,673,093 · unrelated business $1,522,548 · excluded $34,150,545

  • 11a · Other revenue: TAX REFUNDS

    total $135,379 · excluded $135,379

  • 11b · Other revenue: MISCELLANEOUS REVENUE

    total $3,739 · excluded $3,739

  • 11e · Other revenue, total

    $139,118

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $61,557,920 · program services $61,557,920

  • 2 · Grants to domestic individuals

    total $772,600 · program services $772,600

  • 3 · Grants to foreign organizations and individuals

    total $35,000 · program services $35,000

  • 5 · Compensation of officers, directors and key employees

    total $1,480,707 · program services $444,212 · management and general $740,354 · fundraising $296,141

  • 7 · Other salaries and wages

    total $4,529,754 · program services $2,029,138 · management and general $1,668,868 · fundraising $831,748

  • 8 · Pension plan contributions

    total $137,760 · program services $56,689 · management and general $55,220 · fundraising $25,851

  • 9 · Other employee benefits

    total $414,531 · program services $179,246 · management and general $165,954 · fundraising $69,331

  • 10 · Payroll taxes

    total $387,451 · program services $159,945 · management and general $155,297 · fundraising $72,209

  • 11b · Fees: legal

    total $37,673 · management and general $37,673

  • 11c · Fees: accounting

    total $196,644 · management and general $196,644

  • 11f · Fees: investment management

    total $2,962,666 · management and general $2,962,666

  • 11g · Fees: other

    total $560,528 · program services $420,396 · management and general $140,132

  • 12 · Advertising and promotion

    total $214,533 · fundraising $214,533

  • 13 · Office expenses

    total $160,736 · program services $96,442 · management and general $32,147 · fundraising $32,147

  • 14 · Information technology

    total $510,295 · program services $102,059 · management and general $408,236

  • 16 · Occupancy

    total $586,136 · program services $293,068 · management and general $146,534 · fundraising $146,534

  • 17 · Travel

    total $82,111 · program services $41,055 · management and general $20,528 · fundraising $20,528

  • 19 · Conferences, conventions and meetings

    total $237,549 · program services $118,775 · management and general $59,387 · fundraising $59,387

  • 22 · Depreciation, depletion and amortization

    total $198,188 · management and general $198,188

  • 23 · Insurance

    total $240,190 · management and general $240,190

  • 24a · Other expenses: TB5 PROGRAM EXPENSES

    total $6,656,432 · program services $6,656,432

  • 24b · Other expenses: UBI TAX EXPENSE

    total $1,608,468 · management and general $1,608,468

  • 24c · Other expenses: CF PROGRAM EXPENSES

    total $487,625 · program services $487,625

  • 24d · Other expenses: SPONSORSHIPS

    total $141,580 · program services $141,580

  • 24e · All other expenses

    total $212,937 · program services $90,670 · management and general $76,932 · fundraising $45,335

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,763,435 · end of year $5,462,507

  • 2 · Savings and temporary cash investments

    beginning of year $21,235,690 · end of year $23,782,825

  • 3 · Pledges and grants receivable

    beginning of year $6,473,457 · end of year $4,659,987

  • 4 · Accounts receivable

    beginning of year $455,287 · end of year $230,143

  • 9 · Prepaid expenses and deferred charges

    beginning of year $210,152 · end of year $310,403

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

    $2,012,996

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

    $1,152,790

  • 10c · Land, buildings and equipment, net

    beginning of year $961,538 · end of year $860,206

  • 11 · Investments: publicly traded securities

    beginning of year $93,712,792 · end of year $112,791,865

  • 12 · Investments: other securities

    beginning of year $562,633,644 · end of year $572,146,672

  • 13 · Investments: program-related

    beginning of year $2,121,172 · end of year $2,372,590

  • 15 · Other assets

    beginning of year $67,309,445 · end of year $78,258,369

  • 17 · Accounts payable and accrued expenses

    beginning of year $894,857 · end of year $1,649,243

  • 18 · Grants payable

    beginning of year $4,198,354 · end of year $3,354,662

  • 19 · Deferred revenue

    beginning of year $0 · end of year $9,055

  • 21 · Escrow or custodial account liability

    beginning of year $11,144,759 · end of year $14,007,950

  • 25 · Other liabilities

    beginning of year $44,750,685 · end of year $51,311,643

  • 27 · Net assets without donor restrictions

    beginning of year $249,624,576 · end of year $252,632,543

  • 28 · Net assets with donor restrictions

    beginning of year $448,263,381 · end of year $477,910,471

Mission and programs · 2023

Mission

WE BRING PEOPLE TOGETHER TO TRANSFORM OUR COMMUNITY THROUGH INFORMED AND INSPIRED PHILANTHROPY.

  • HEALTH & WELLNESS: TOGETHER, WE WANT TO ENSURE THAT RESIDENTS HAVE ACCESS TO COMPREHENSIVE AND COORDINATED PREVENTIVE SERVICES AND QUALITY HEALTH CARE. RESIDENTS ARE CONNECTED TO RESOURCES THAT MEET THEIR HEALTH, NUTRITIONAL, AND SAFETY NEEDS. STRATEGIC FOCUS AREAS INCLUDE:- ACCESS TO PRIMARY HEALTH CARE: OPERATING SAFETY NET CLINICS; FACILITATING USE OF A MEDICAL HOME; OFFERING MEDICAL-RELATED HOME VISITATION; OFFERING WRAPAROUND SERVICES TO MAINTAIN HEALTH; PROVIDING MENTAL HEALTH SERVICES.- BASIC PHYSICAL HEALTH: FACILITATING ACCESS TO FOOD AND NUTRITION; PROMOTING REGULAR PHYSICAL ACTIVITY; TEACHING HEALTH EDUCATION.- TARGETED INTERVENTIONS: OFFERING TRAUMA-INFORMED CARE; IMPROVING AND SUSTAINING THE QUALITY OF LIFE FOR OLDER ADULTS.

    Expenses $26,599,422 · Grants $22,513,878

  • EDUCATIONAL SUCCESS: TOGETHER, WE WANT TO ENSURE THAT CHILDREN BEGIN SCHOOL READY TO LEARN AND ARE SUPPORTED ACADEMICALLY AND SOCIALLY THROUGHOUT THEIR EDUCATIONAL EXPERIENCE. YOUTH BECOME SKILLED, SELF-SUFFICIENT AND CONTRIBUTING MEMBERS OF THE COMMUNITY. STRATEGIC FOCUS AREAS INCLUDE:- KINDERGARTEN READINESS: ENSURING ACCESS TO QUALITY PRESCHOOL AND CHILDCARE; OFFERING CHILD DEVELOPMENT-RELATED HOME VISITATION; ENGAGING PARENTS AND CAREGIVERS.- K-12 ACADEMIC SUCCESS: SUPPORTING STUDENTS BY INCREASING THE QUALITY OR CAPACITY OF IN-SCHOOL RESOURCES; TEACHING POSITIVE BEHAVIOR AND SELF-MANAGEMENT SKILLS; ENGAGING PARENTS AND CAREGIVERS.- COLLEGE AND/OR CAREER READINESS: DEVELOPING YOUTH TO ENTER THE WORKFORCE; INCREASING ACCESS AND EXPOSURE TO POST-SECONDARY OPPORTUNITIES.

    Expenses $12,943,955 · Grants $10,955,826

  • ECONOMIC PROSPERITY, CAPACITY BUILDING, AND OTHER: TOGETHER, WE WANT TO ENSURE THAT RESIDENTS ACCESS AND MAINTAIN SAFE AND AFFORDABLE HOUSING IN THRIVING, SUSTAINABLE COMMUNITIES. RESIDENTS GAIN THE FINANCIAL KNOWLEDGE, SKILLS, AND RESOURCES TO SUPPORT THEMSELVES AND ARE ABLE TO ACCESS TO CAREER AND ECONOMIC OPPORTUNITIES. STRATEGIC FOCUS AREAS INCLUDE:- NEIGHBORHOOD DEVELOPMENT: BUILDING HOUSEHOLD INCOME, FINANCIAL STABILITY, AND WEALTH; REVITALIZING NEIGHBORHOODS; ENGAGING RESIDENTS TO SELF-ADVOCATE.- ADULT WORKFORCE DEVELOPMENT: TRAINING AND EDUCATION THAT LEADS TO WORKFORCE PREPARATION, CERTIFICATIONS, CREDENTIALS, AND DEGREES; REDUCING EMPLOYMENT BARRIERS; INCREASING ACCESS TO TRANSPORTATION AND WRAPAROUND SERVICES TO MAINTAIN EMPLOYMENT.- HOMELESSNESS REDUCTION: AVOIDING HOMELESSNESS THROUGH SHELTER DIVERSION; PROVIDING EMERGENCY SHELTER; FACILITATING RAPID RE-HOUSING AND EXITS TO PERMANENT HOUSING.- SAFE & AFFORDABLE HOUSING: CREATING HOUSING UNITS OR PRESERVING AFFORDABILITY OF EXISTING UNITS; OFFERING WRAPAROUND SERVICES TO MAINTAIN HOUSING; ASSISTING OLDER ADULTS TO AGE IN PLACE.- SAFE & AFFORDABLE HOUSING: CREATING HOUSING UNITS OR PRESERVING AFFORDABILITY OF EXISTING UNITS; OFFERING WRAPAROUND SERVICES TO MAINTAIN HOUSING; ASSISTING OLDER ADULTS TO AGE IN PLACE.

    Expenses $8,666,281 · Grants $7,335,182 · Revenue $45,313

  • COMMUNITY VIBRANCY: TOGETHER, WE WANT TO ENSURE THAT RESIDENTS ARE ENRICHED AND EDUCATED THROUGH A DIVERSE OFFERING OF ARTS AND CULTURAL ACTIVITIES IN THEIR COMMUNITIES AND SCHOOLS. THE REGION'S HISTORIC, CULTURAL, AND NATURAL ASSETS ARE SUPPORTED TO ENRICH CURRENT AND FUTURE AREAS. STRATEGIC FOCUS AREAS INCLUDE:- ARTS & CULTURE: PROVIDING ACCESS TO PROGRAMS FOR LOW TO MODEST-WEALTH RESIDENTS AND SCHOOL-AGED YOUTH; OFFERING EDUCATION AND EVENTS THAT APPEAL TO DIVERSE AND MULTI-GENERATIONAL AUDIENCES.- NATIONAL RESOURCES: PROVIDING ACCESS TO NATURAL RESOURCES AND SUSTAINING OUR ENVIRONMENT THROUGH EDUCATION, PRESERVATION, AND RESTORATION.- COMMUNITY INCLUSION: FOSTERING COMMUNITY INCLUSION AND CONNECTIVITY; FACILITATING VOLUNTEER AND CIVIC ENGAGEMENT OPPORTUNITIES.ALL OTHER: THIS INCLUDES GRANTS GIVEN TO THE REGION THROUGH DONOR ADVISED FUNDS AND FIELD OF INTEREST FUNDS OUTSIDE OF THE SCOPE OF OUR 4 FOCUS AREAS. THE MAJORITY OF GRANTS ARE TO ANIMAL WELFARE, RELIGIOUS, AND ENVIRONMENTAL PURPOSES.

    Expenses $25,473,194 · Grants $21,560,634 · Revenue $699,110

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

Listed in Part VII

  • Jennifer Hunter

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Victor K Branch

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • John E Kemper

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Carter M Reid

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Austin Brockenbrough IV

    IMM. PAST CHAIR THROUGH 12/31/2023

    Total calculated
    $0
    Hours/week
    1

  • Charles E Agee III

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Neil Amin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Thomas I Barkin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Manju S Ganeriwala

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • J Conrad Garcia

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sheryl L Garland

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Krissy M Gathright

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Philip H Goodpasture

    BOARD MEMBER THROUGH 12/31/2023

    Total calculated
    $0
    Hours/week
    1

  • Kristen Frances Hager

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tricia L Harper

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Terrell L Harrigan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mark J Hourigan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Patricia Merrill

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Keith Middleton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Paula P Pando EdD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jayme Swain

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sherrie Armstrong

    PRESIDENT & CEO

    Total calculated
    $548,704
    From this org
    $484,280
    From related orgs
    $0
    Other
    $64,424
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $343,599
    Bonus
    $52,500
    Other
    $88,181
    Deferred
    $54,478
    Nontaxable benefits
    $9,946
    Filer's total
    $548,704

  • Michelle A Nelson

    CHIEF FINANCIAL OFFICER

    Total calculated
    $259,160
    From this org
    $231,823
    From related orgs
    $0
    Other
    $27,337
    Hours/week
    40 + 0.5 related

    Schedule J breakdown matched by us

    Base
    $211,074
    Bonus
    $20,389
    Other
    $360
    Deferred
    $10,082
    Nontaxable benefits
    $17,255
    Filer's total
    $259,160

  • Emmett S Blackwell

    CHIEF COMMUNITY IMPACT OFFICER

    Total calculated
    $282,341
    From this org
    $262,472
    From related orgs
    $0
    Other
    $19,869
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $215,005
    Bonus
    $43,507
    Other
    $3,960
    Deferred
    $9,923
    Nontaxable benefits
    $9,946
    Filer's total
    $282,341

  • Cassandra Emery

    CHIEF OPERATING OFFICER

    Total calculated
    $230,752
    From this org
    $219,924
    From related orgs
    $0
    Other
    $10,828
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $199,564
    Bonus
    $20,000
    Other
    $360
    Deferred
    $9,503
    Nontaxable benefits
    $1,325
    Filer's total
    $230,752

  • Maura D Bittner

    CHIEF PHILANTHROPY OFFICER

    Total calculated
    $199,750
    From this org
    $184,509
    From related orgs
    $0
    Other
    $15,241
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $166,949
    Bonus
    $17,200
    Other
    $360
    Deferred
    $8,713
    Nontaxable benefits
    $6,528
    Filer's total
    $199,750

  • Katherine Busser

    VP, INFORMATION SYSTEMS

    Total calculated
    $185,672
    From this org
    $172,014
    From related orgs
    $0
    Other
    $13,658
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,654
    Bonus
    $15,000
    Other
    $360
    Deferred
    $0
    Nontaxable benefits
    $13,658
    Filer's total
    $185,672

  • Kimberly Russell

    SENIOR VP, MARKETING

    Total calculated
    $171,705
    From this org
    $156,292
    From related orgs
    $0
    Other
    $15,413
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,432
    Bonus
    $7,500
    Other
    $360
    Deferred
    $7,126
    Nontaxable benefits
    $8,287
    Filer's total
    $171,705

  • Vanessa Diamond

    SENIOR VP, CIVIC ENGAGEMENT

    Total calculated
    $168,846
    From this org
    $160,806
    From related orgs
    $0
    Other
    $8,040
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,005
    Bonus
    $7,441
    Other
    $360
    Deferred
    $6,880
    Nontaxable benefits
    $1,160
    Filer's total
    $168,846

  • Audrey Trussell

    VP, COMMUNITY IMPACT

    Total calculated
    $145,186
    From this org
    $132,067
    From related orgs
    $0
    Other
    $13,119
    Hours/week
    40

  • Ann Payes

    CEO, THRIVE BIRTH TO FIVE

    Total calculated
    $159,811
    From this org
    $136,358
    From related orgs
    $0
    Other
    $23,453
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $126,358
    Bonus
    $10,000
    Other
    $0
    Deferred
    $6,252
    Nontaxable benefits
    $17,201
    Filer's total
    $159,811

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 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4B
THE PRESIDENT & CEO PARTICIPATES IN A SUPPLEMENTAL NONQUALIFIED 457(F) PLAN SPONSORED BY THE ORGANIZATION. DURING THE 2023 CALENDAR YEAR, THE ORGANIZATION CONTRIBUTED $40,000 TO THE PRESIDENT & CEO'S 457(F) PLAN, WHICH HAS BEEN REPORTED AS "RETIREMENT AND OTHER DEFERRED COMPENSATION" ON SCHEDULE J, PART II, COLUMN (C). ADDITIONALLY, DUE TO VESTING OF THE 457(F) PLAN, THE PRESIDENT & CEO RECOGNIZED $88,181 OF TAXABLE COMPENSATION DURING 2023.
PART I, LINE 7
THE PRESIDENT & CEO AND OTHER SENIOR MANAGEMENT EMPLOYEES ARE ELIGIBLE TO RECEIVE AN ANNUAL BONUS BASED ON PERFORMANCE AND ACHIEVEMENT GOALS; THESE BONUS PAYMENTS WOULD BE CONSIDERED NON-FIXED PAYMENTS AS THEY ARE DETERMINED UTILIZING DISCRETION (IN PART) BY THE BOARD OF DIRECTORS TO DETERMINE THE AMOUNT OF BONUS AND/OR WHETHER TO MAKE SUCH PAYMENT.

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.

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.

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.

  • TCF REAL ESTATE LLC II

    REAL ESTATE · VA · income $0 · assets $908

    Directly controlled by THE COMMUNITY FOUNDATION INC

  • THRIVE BIRTH TO FIVE

    EARLY CHILDHOOD DEV. & SUPPORT · VA · income $8,597,566 · assets $2,611,741

    Directly controlled by THE COMMUNITY FOUNDATION INC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CHARITABLE REMAINDER TRUSTS (22)

    T · CHARITABLE GIVING · VA · controlled entity

    Directly controlled by THE COMMUNITY FOUNDATION INC

  • CHARITABLE LEAD TRUSTS (10)

    T · CHARITABLE GIVING · VA · controlled entity

    Directly controlled by THE COMMUNITY FOUNDATION INC

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202423179349306847

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

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