Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $375,952

• 3 · Investment income

  total $276,920 · excluded $276,920

• 7a · Gross sales of assets other than inventory

  securities $1,214,060

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

  securities $941,745

• 7c · Gain or loss

  securities $272,315

• 7d · Net gain or loss

  total $272,315 · excluded $272,315

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $371,985 · program services $371,985

• 2 · Grants to domestic individuals

  total $162,206 · program services $162,206

• 11a · Fees: management

  total $89,884 · program services $35,954 · management and general $26,965 · fundraising $26,965

• 11c · Fees: accounting

  total $8,768 · management and general $8,768

• 11f · Fees: investment management

  total $46,147 · management and general $46,147

• 11g · Fees: other

  total $3,045 · program services $3,045

• 13 · Office expenses

  total $4,526 · program services $1,810 · management and general $1,358 · fundraising $1,358

• 14 · Information technology

  total $2,007 · program services $803 · management and general $602 · fundraising $602

• 24a · Other expenses: MISCELLANEOUS

  total $4,880 · program services $1,952 · management and general $1,464 · fundraising $1,464

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $1,465,726 · end of year $1,019,645

• 3 · Pledges and grants receivable

  beginning of year $37,304 · end of year $0

• 12 · Investments: other securities

  beginning of year $8,226,944 · end of year $10,057,231

• 25 · Other liabilities

  beginning of year $22,255 · end of year $11,871

• 27 · Net assets without donor restrictions

  beginning of year $7,858,145 · end of year $9,228,382

• 28 · Net assets with donor restrictions

  beginning of year $1,849,574 · end of year $1,836,623

The filer's explanations (Part III)

PART I, LINE 3

COMPENSATION OF THE CEO AND OTHER EMPLOYEES IS PAID BY A RELATED ORGANIZATION. THE CEO'S PERFORMANCE AND COMPENSATION IS REVIEWED BY THE BOARD OF TRUSTEES OF RW-C, A RELATED ORGANIZATION ON AN ANNUAL AND ON A PERIODIC BASIS, IF APPROPRIATE, AS DETERMINED BY THE BOARD CHAIRMAN. THE ANNUAL REVIEW ADDRESSES COMPENSATION AND PERFORMANCE. -COMPENSATION DATA FOR COMPARABLE VIRGINIA EXECUTIVES IS OBTAINED AND USED AS A BENCHMARK. -INTERNAL COMPRESSION ISSUES AND ACCOMPLISHMENTS ARE TAKEN INTO CONSIDERATION. -BUDGET AND BUDGET CONSTRAINTS ARE TAKEN INTO CONSIDERATION. -A WAGE INCREASE AND OR INCENTIVE ARE DETERMINED BY THE BOARD OF TRUSTEES. -THE BOARD CHAIR OBTAINS INPUT AND FEEDBACK FROM INDIVIDUAL TRUSTEES USING A QUESTIONNAIRE OR BY OBTAINING DIRECT FEEDBACK COVERING SUBJECTS SUCH AS ACCOMPLISHMENT OF GOALS AND OBJECTIVES, STRENGTHS, ITEMS OF CONCERN, AND OTHER RELEVANT MATTERS PERTAINING TO CEO PERFORMANCE. -THIS INFORMATION IS REVIEWED AND SUMMARIZED BY THE BOARD CHAIR, REVIEWED AND DISCUSSED WITH THE BOARD IN AN EXECUTIVE SESSION, AND REVIEWED AND DISCUSSED WITH THE CEO ALSO IN AN EXECUTIVE SESSION OF THE BOARD. -THROUGHOUT THE YEAR, THE BOARD CHAIR SHARES FEEDBACK RECEIVED BY THE INDIVIDUAL TRUSTEES AND OR THE COMMUNITY WITH THE CEO. THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES MET TO ASSESS THE PERFORMANCE OF STUART BUNTING AND TO REVIEW THE COMPENSATION PACKAGE FOR HIS POSITION. THE COMMITTEE, AS PART OF THE COMPENSATION REVIEW, EVALUATED THE PACKAGE AGAINST COMPARABLE INDUSTRY AND LOCAL EMPLOYERS AS WELL AS A REVIEW BY AN INDEPENDANT COMPENSATION CONSULTANT. THE EXECUTIVE COMMITTEE REPORTED THE PERFORMANCE REVIEW AND THE COMPENSATION ASSESSMENT TO THE BOARD OF TRUSTEES. OFFICERS' PERFORMANCE AND COMPENSATION IS REVIEWED ANNUALLY BY THE CEO AND ON A PERIODIC BASIS, IF APPROPRIATE, AS DETERMINED BY THE CEO. THE ANNUAL REVIEW ADDRESSES COMPENSATION AND PERFORMANCE. -COMPENSATION DATA FOR COMPARABLE VIRGINIA EXECUTIVES IS OBTAINED AND USED AS A BENCHMARK. -INTERNAL COMPRESSION ISSUES AND ACCOMPLISHMENTS ARE TAKEN INTO CONSIDERATION. -BUDGET AND BUDGET CONSTRAINTS ARE TAKEN INTO CONSIDERATION. -A WAGE INCREASE AND OR INCENTIVE ARE DETERMINED BY THE CEO. -THE CEO CONDUCTS A FORMAL PERFORMANCE REVIEW USING THE ORGANIZATION'S PERFORMANCE REVIEW FORM AND BY PROVIDING SUPPORTING COMMENTARY COVERING SUBJECTS SUCH AS ACCOMPLISHMENT OF GOALS AND OBJECTIVES, STRENGTHS, ITEMS OF CONCERN, AND OTHER RELEVANT MATTERS PERTAINING TO OFFICER PERFORMANCE. -THIS INFORMATION IS REVIEWED AND DISCUSSED WITH THE OFFICER IN A PRIVATE SETTING. THE OFFICER IS ALSO AFFORDED THE OPPORTUNITY TO PROVIDE ANY VERBAL AND OR WRITTEN COMMENTS HE OR SHE FEELS IS APPROPRIATE TO THEIR FORMAL PERFORMANCE REVIEW. -THROUGHOUT THE YEAR, THE CEO SHARES FEEDBACK RECEIVED BY THE INDIVIDUAL TRUSTEES, THE COMMUNITY, AND STAFF WITH THE OFFICER. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024.