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Nonprofiteer
← COMMUNITY FOUNDATION SERVING WESTERN VIRGINIA

Form 990 for tax year 2022

Filed by COMMUNITY FOUNDATION SERVING WESTERN VIRGINIA.

Totals

Total revenue
$10,560,771
Total expenses
$6,901,716
Contributions and grants received
$4,740,158
Grants paid
$3,923,653
Program service revenue
$1,318,415
Investment income
$4,502,198
Other revenue
$0
Total assets, end of year
$112,179,116
Total liabilities, end of year
$4,702,713
Net assets or fund balances, end of year
$107,476,403
Program services expenses (Part IX)
$4,315,412
Management and general expenses
$2,441,576
Fundraising expenses
$144,728
Program service expenses (Part III)
$4,315,412

Program services were 62.5% 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

    $4,740,158

  • 1g · Noncash contributions included above

    $1,542,825

  • 2a · Program service revenue: ADMINITRATIVE FEE INCOME

    total $1,318,415 · related or exempt $1,318,415

  • 3 · Investment income

    total $1,223,496 · unrelated business -$5,792 · excluded $1,229,288

  • 7a · Gross sales of assets other than inventory

    securities $3,278,702

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

    securities $0

  • 7c · Gain or loss

    securities $3,278,702

  • 7d · Net gain or loss

    total $3,278,702 · excluded $3,278,702

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,923,653 · program services $3,923,653

  • 5 · Compensation of officers, directors and key employees

    total $358,708 · program services $125,548 · management and general $197,289 · fundraising $35,871

  • 7 · Other salaries and wages

    total $421,585 · program services $147,555 · management and general $231,871 · fundraising $42,159

  • 9 · Other employee benefits

    total $83,279 · program services $29,148 · management and general $45,803 · fundraising $8,328

  • 10 · Payroll taxes

    total $54,947 · program services $19,231 · management and general $30,221 · fundraising $5,495

  • 11a · Fees: management

    total $1,318,415 · management and general $1,318,415

  • 11c · Fees: accounting

    total $28,187 · program services $1,095 · management and general $25,997 · fundraising $1,095

  • 11f · Fees: investment management

    total $378,117 · management and general $378,117

  • 12 · Advertising and promotion

    total $32,537 · program services $8,410 · fundraising $24,127

  • 13 · Office expenses

    total $19,722 · program services $5,497 · management and general $11,728 · fundraising $2,497

  • 14 · Information technology

    total $66,688 · program services $19,575 · management and general $41,520 · fundraising $5,593

  • 16 · Occupancy

    total $114,092 · management and general $114,092

  • 17 · Travel

    total $4,149 · program services $1,452 · management and general $2,282 · fundraising $415

  • 19 · Conferences, conventions and meetings

    total $4,613 · management and general $4,613

  • 22 · Depreciation, depletion and amortization

    total $18,817 · management and general $18,817

  • 23 · Insurance

    total $11,873 · program services $630 · management and general $11,063 · fundraising $180

  • 24a · Other expenses: COMMUNITY EVENTS

    total $27,661 · program services $12,519 · fundraising $15,142

  • 24b · Other expenses: ANNUITY PAYMENTS

    total $21,099 · program services $21,099

  • 24c · Other expenses: MISCELLANEOUS

    total $9,828 · management and general $6,002 · fundraising $3,826

  • 24d · Other expenses: BAD DEBT

    total $3,746 · management and general $3,746

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,791,686 · end of year $2,642,018

  • 3 · Pledges and grants receivable

    beginning of year $2,390,507 · end of year $2,438,615

  • 7 · Other notes and loans receivable

    beginning of year $168,559 · end of year $113,978

  • 9 · Prepaid expenses and deferred charges

    beginning of year $52,699 · end of year $14,879

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

    $481,816

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

    $210,150

  • 10c · Land, buildings and equipment, net

    beginning of year $47,071 · end of year $271,666

  • 11 · Investments: publicly traded securities

    beginning of year $55,902,055 · end of year $63,925,328

  • 12 · Investments: other securities

    beginning of year $39,947,225 · end of year $42,512,390

  • 15 · Other assets

    beginning of year $0 · end of year $260,242

  • 17 · Accounts payable and accrued expenses

    beginning of year $47,385 · end of year $47,235

  • 18 · Grants payable

    beginning of year $56,750 · end of year $384,000

  • 25 · Other liabilities

    beginning of year $3,803,724 · end of year $4,271,478

  • 27 · Net assets without donor restrictions

    beginning of year $93,725,301 · end of year $104,670,692

  • 28 · Net assets with donor restrictions

    beginning of year $2,666,642 · end of year $2,805,711

Mission and programs · 2022

Mission

COMMUNITY FOUNDATION SERVING WESTERN VIRGINIA PROVIDES LEADERSHIP,RESOURCES, AND INSPIRATION FOR PHILANTHROPY IN THE COMMUNITIES IT SERVES. TO FULFILL THE FOUNDATION'S MISSION, IT: ENABLES DONORS TO CARRY OUT THEIR CHARITABLE INTENT THROUGH ENDOWMENT FUNDS; PROVIDES RESPONSIBLE STEWARDSHIP FOR ENTRUSTED FUNDS; MAKES CREATIVE GRANTS FOR CURRENT AND FUTURE COMMUNITY NEEDS AND OPPORTUNITIES; OFFERS COMPREHENSIVE SERVICES TO ENCOURAGE AND ADVANCE EFFECTIVE PHILANTHROPY; PROMOTES AND PARTICIPATES IN COLLABORATIVE EFFORTS TO SHAPE A HEALTHY, CARING COMMUNITY.

Activities or mission (Part I)

THE ORGANIZATION PROVIDES LEADERSHIP, RESOURCES, AND INSPIRATION FOR PHILANTHROPY.

  • GRANT-MAKING AND CHARITABLE CONTRIBUTIONS AND ANNUITIES FOR COMMUNITY DEVELOPMENT. SEE SCHEDULE I FOR MORE DETAIL.

    Expenses $3,923,653 · Grants $3,923,653

  • ADMINISTRATION OF FUNDS FOR GRANT-MAKING TO ENHANCE COMMUNITY DEVELOPMENT.

    Expenses $391,759 · Revenue $1,318,415

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Richard Bailey DVM

    BOARD MEMBER - CHAIR

    Total calculated
    $0
    Hours/week
    0.2

  • Lauren Ellerman

    BOARD MEMBER - TREASURER

    Total calculated
    $0
    Hours/week
    0.2

  • Sherry W Davidson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • Rick James

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • Mimi Rainero Coles

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • Colleen M Marston

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • George A Levicki

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • Samuel Roman Jr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • Nadra L Scott

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • Philip Trompeter

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • Lutheria H Smith

    BOARD MEMBER - EXECUTIVE COMMITTEE SENIOR VP

    Total calculated
    $0
    Hours/week
    0.2

  • Verletta White

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • Florence Williams

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • Steve Arner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • Margie B Eason

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • James B Frith Jr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • Susan Lancaster

    BOARD MEMBER - VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.2

  • Grethchen W Beedle

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • Elaine Milan Cronk

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • John Blanton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • Alan E Ronk

    BOARD SECRETARY, PRESIDENT

    Total calculated
    $222,432
    From this org
    $202,082
    From related orgs
    $0
    Other
    $20,350
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $202,082
    Bonus
    $0
    Other
    $0
    Deferred
    $14,146
    Nontaxable benefits
    $6,204
    Filer's total
    $222,432

  • Carly C Oliver

    CHIEF OPERATING OFFICER

    Total calculated
    $136,277
    From this org
    $126,083
    From related orgs
    $0
    Other
    $10,194
    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 · 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

The filer's explanations (Part III)

PART I, LINE 3
THE PRESIDENT & CEO IS REVIEWED ANNUALLY BY THE BOARD CHAIR. THE BOARD CHAIR REPORTS RESULTS TO THE MANAGEMENT AND PERSONNEL COMMITTEE, WHICH DECIDE THE ANNUAL COMPENSATION PERCENTAGE INCREASE, IF APPLICABLE. THE MANAGEMENT AND PERSONNEL COMMITTEE CHAIR MAKE THE RECOMMENDATION TO THE FULL BOARD FOR APPROVAL AT A BOARD OF GOVERNORS MEETING.

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

  • GOOD SAMARITAN HOSPICE INC

    $248,340

    TO SUPPORT THE GOOD SAMARITAN CENTER FOR CARING CAPITAL CAMPAIGN. PLEASE NOTE THIS IS THE FIRST ANNUAL INSTALLMENT OF THE $500,000 GRANT, FOR GENERAL PURPOSES, TO PURCHASE LOCK BOXES TO SAFEGUARD MEDICATIONS, TO SUPPORT THE NEW HOSPICE HOUSE, AND TO SUPPORT THE PALLIATIVE CARE PROGRAM PER THE PROJECT BUDGET

  • VIRGINIA TECH

    $131,725

    FOR EDUCATIONAL SCHOLARSHIP FUNDS

  • LOCAL OFFICE ON AGING

    $111,131

    TO SUPPORT THE PERSONAL CARE PROGRAM PER THE PROJECT BUDGET, TO SUPPORT THE MEALS ON WHEELS PROGRAM, TO SUPPORT THE HOMEMAKER PROGRAM, AND FOR GENERAL PURPOSES

  • UNIVERSITY OF VIRGINIA

    $100,930

    FOR EDUCATIONAL SCHOLARSHIP FUNDS

  • WEST END CENTER

    $87,185

    TO HELP WITH THE PURCHASE OF A BUS FOR YOUTH ACTIVITIES PER THE PROJECT BUDGET, TO SUPPORT THE ADDITION OF MENTAL HEALTH SERVICES PER THE PROJECT BUDGET, AND FOR GENERAL PURPOSES

  • ADULT CARE CENTER OF ROANOKE VALLEY

    $77,680

    FOR GENERAL PURPOSES, TO SUPPORT THE SUE NUTTER SCHOLARSHIP FUND PER THE PROJECT BUDGET, AND TO SUPPORT THE NEEDS OF ELDERLY CLIENTS

  • FERRUM COLLEGE

    $64,700

    FOR EDUCATIONAL SCHOLARSHIP FUNDS

  • ROANOKE COLLEGE

    $57,619

    FOR EDUCATIONAL SCHOLARSHIP FUNDS

  • FOUNDATION FOR REHABILITATION EQUIPMENT AND ENDOWMENT

    $52,500

    TO SUPPORT DIRECT SERVICES TO ELDERLY CLIENTS PER THE PROJECT BUDGET.

  • RADFORD UNIVERSITY

    $50,990

    FOR EDUCATIONAL SCHOLARSHIP FUNDS

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

Provenance

Return type
form_990
Tax year
2022
Filed
14 March 2024
IRS schema version
2022v5.0
Source object
202410819349300331

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.