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Nonprofiteer
← THE COMMUNITY FOUNDATION FOR NORTHERN VIRGINIA INC

Form 990 for tax year 2024

Filed by THE COMMUNITY FOUNDATION FOR NORTHERN VIRGINIA INC.

Totals

Total revenue
$18,553,916
Total expenses
$12,821,521
Contributions and grants received
$10,027,656
Grants paid
$9,423,766
Program service revenue
$971,194
Investment income
$7,558,028
Other revenue
-$2,962
Total assets, end of year
$118,701,726
Total liabilities, end of year
$454,077
Net assets or fund balances, end of year
$118,247,649
Program services expenses (Part IX)
$11,471,614
Management and general expenses
$668,433
Fundraising expenses
$681,474
Program service expenses (Part III)
$11,471,614

Program services were 89.5% 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.

  • 1c · Fundraising events

    $543,202

  • 1f · All other contributions, gifts and grants

    $9,484,454

  • 1g · Noncash contributions included above

    $4,621,988

  • 2a · Program service revenue: FUND INCOME

    total $971,194 · related or exempt $971,194

  • 3 · Investment income

    total $2,679,909 · excluded $2,679,909

  • 7a · Gross sales of assets other than inventory

    securities $30,763,636

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

    securities $25,885,517

  • 7c · Gain or loss

    securities $4,878,119

  • 7d · Net gain or loss

    total $4,878,119 · excluded $4,878,119

  • 8a · Fundraising events: gross income

    $191,073

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

    $543,202

  • 8b · Fundraising events: direct expenses

    $261,408

  • 8c · Net income from fundraising events

    total -$70,335 · excluded -$70,335

  • 11a · Other revenue: OTHER INCOME

    total $67,373 · related or exempt $67,373

  • 11e · Other revenue, total

    $67,373

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $9,423,766 · program services $9,423,766

  • 5 · Compensation of officers, directors and key employees

    total $271,818 · program services $237,400 · management and general $18,765 · fundraising $15,653

  • 7 · Other salaries and wages

    total $818,603 · program services $123,109 · management and general $318,152 · fundraising $377,342

  • 9 · Other employee benefits

    total $40,388 · program services $35,274 · management and general $2,326 · fundraising $2,788

  • 10 · Payroll taxes

    total $77,000 · program services $26,950 · management and general $23,100 · fundraising $26,950

  • 11c · Fees: accounting

    total $26,904 · management and general $26,904

  • 11f · Fees: investment management

    total $971,298 · program services $971,298

  • 11g · Fees: other

    total $161,351 · program services $25,460 · management and general $109,195 · fundraising $26,696

  • 12 · Advertising and promotion

    total $3,531 · fundraising $3,531

  • 13 · Office expenses

    total $28,561 · program services $2,285 · management and general $22,849 · fundraising $3,427

  • 14 · Information technology

    total $66,643 · program services $13,922 · management and general $38,803 · fundraising $13,918

  • 16 · Occupancy

    total $48,953 · management and general $48,953

  • 19 · Conferences, conventions and meetings

    total $17,045 · management and general $9,742 · fundraising $7,303

  • 22 · Depreciation, depletion and amortization

    total $4,577 · management and general $4,577

  • 23 · Insurance

    total $11,364 · management and general $11,364

  • 24a · Other expenses: BANK AND INVESTMENT MAN

    total $600,884 · program services $582,057 · management and general $6,127 · fundraising $12,700

  • 24b · Other expenses: ENTERNTAINMENT

    total $126,515 · fundraising $126,515

  • 24c · Other expenses: MARKETING

    total $46,202 · management and general $9,242 · fundraising $36,960

  • 24d · Other expenses: PROGRAM EXPENSES

    total $24,864 · program services $24,864

  • 24e · All other expenses

    total $51,254 · program services $5,229 · management and general $18,334 · fundraising $27,691

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,885,091 · end of year $1,018,988

  • 2 · Savings and temporary cash investments

    beginning of year $183,882 · end of year $528,384

  • 3 · Pledges and grants receivable

    beginning of year $37,500 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $21,602 · end of year $23,375

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

    $28,489

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

    $17,766

  • 10c · Land, buildings and equipment, net

    beginning of year $15,300 · end of year $10,723

  • 11 · Investments: publicly traded securities

    beginning of year $103,952,959 · end of year $115,905,460

  • 12 · Investments: other securities

    beginning of year $1,193,129 · end of year $1,193,129

  • 15 · Other assets

    beginning of year $97,034 · end of year $21,667

  • 17 · Accounts payable and accrued expenses

    beginning of year $128,114 · end of year $124,977

  • 18 · Grants payable

    beginning of year $258,567 · end of year $219,855

  • 19 · Deferred revenue

    beginning of year $80,156 · end of year $91,652

  • 25 · Other liabilities

    beginning of year $84,402 · end of year $17,593

  • 27 · Net assets without donor restrictions

    beginning of year $101,304,862 · end of year $112,440,689

  • 28 · Net assets with donor restrictions

    beginning of year $5,530,396 · end of year $5,806,960

Mission and programs · 2024

Mission

SEE SCHEDULE O

Activities or mission (Part I)

THE COMMUNITY FOUNDATION FOR NORTHERN VIRGINIA'S MISSION IS TO ADVANCE EQUITY ACROSS NORTHERN VIRGINIA THROUGH PHILANTHROPY AND COMMUNITY LEADERSHIP WITH THE VISION OF BUILDING A COMMUNITY THAT WORKS FOR EVERYONE. COMPRISED OF DONOR ADVISED FUNDS, PERMANENT FUNDS, GIVING CIRCLES AND OTHER CHARITABLE ENDOWMENTS, THE COMMUNITY FOUNDATION CONNECTS DONORS TO COMMUNITY AND PROMOTES A MORE EQUITABLE AND INCLUSIVE PROSPERITY THAT MARRIES OUR ECONOMIC STRENGTH WITH THE FULL BREADTH OF OUR DIVERSE COMMUNITY.

  • DONOR ADVISED FUNDS: THE COMMUNITY FOUNDATION OFFERS DONOR ADVISED FUNDS (DAFS) TO DONORS IN THE REGION. A DAF IS A TYPE OF CHARITABLE GIVING FUND THAT IS ESTABLISHED BY A DONOR TO SUPPORT A CAUSE OR CAUSES THAT THE DONOR CARES ABOUT. DAFS ALLOW DONORS TO REMAIN INVOLVED IN ACTIVE CHARITABLE GIVING BY RETAINING "ADVISORY PRIVILEGES: TO RECOMMEND HOW THE COMMUNITY FOUNDATION SHOULD MAKE GRANTS FROM THAT FUND. FOR THE YEAR ENDING JUNE 30, 2025, THE COMMUNITY FOUNDATION HELD 155/ SEPARATE DONOR ADVISED FUNDS THAT AWARDED $7,090,486 IN TOTAL GRANTS.

    Expenses $7,090,486 · Grants $8,899,686 · Revenue $971,194

  • SCHOLARSHIP FUNDS: THE COMMUNITY FOUNDATION MANAGES AND ADMINISTERS 35 SCHOLARSHIP FUNDS ESTABLISHED BY INDIVIDUAL DONORS THAT HELP GRADUATING HIGH SCHOOL SENIORS WITH FINANCIAL CHALLENGES ATTEND 2- AND 4-YEAR COLLEGES AND UNIVERSITIES. FOR THE YEAR ENDING JUNE 30, 2025, THE COMMUNITY FOUNDATION AWARDED $524,080 IN TOTAL SCHOLARSHIPS TO OVER 100 STUDENTS.

    Expenses $524,080 · Grants $524,080

  • DISCRETIONARY GRANT FUNDS: IN ADDITION TO DONOR ADVISED FUNDS AND SCHOLARSHIP FUNDS, THE COMMUNITY FOUNDATION CONTINUOUSLY DEVELOPS AND BUILDS DISCRETIONARY FUNDS. THE COMMUNITY FOUNDATION FOR NORTHERN VIRGINIA'S DISCRETIONARY FUNDS STRATEGICALLY ADDRESS CRITICAL NEEDS WHILE FOSTERING INNOVATION AND COMMUNITY RESILIENCE. BROAD AREAS OF SUPPORT INCLUDE SAFETY NET SUPPORT, MENTAL HEALTH, EDUCATION, WORKFORCE DEVELOPMENT, THE ARTS, AND ENVIRONMENTAL SUSTAINABILITY. THESE GRANTS EMPOWER THE REGION BY PROMOTING EQUITY AND LONG-TERM, POSITIVE CHANGE.

    Expenses $3,857,048

  • THE COMMUNITY FOUNDATION HOSTS TWO GIVING CIRCLES: THE LOUDOUN IMPACT FUND, A GIVING CIRCLE FOR LOUDOUN COUNTY DONORS SUPPORTING LOUDOUN BASED CAUSES, AND THE BUSINESS WOMEN'S GIVING CIRCLE, A GIVING CIRCLE FOR LOCAL WOMEN WHO SUPPORT ORGANIZATION PREPARING GIRLS AND WOMEN FOR CAREER AND FINANCIAL SUCCESS.

    Revenue $67,373

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Robert Kipps

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Harry Klaff

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Catherine Schott Murray

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Mitch Weintraub

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Helaine Weissman

    PAST TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Karen Turner McWilliams

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • David Armstrong

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Paul Gilbert

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Anita Gupta

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ashish Khosla

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Amy MacKay

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Beatriz McNelly

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Megan Mocho

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Steve Narang

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Meera Pillai

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Richard Pineda

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Paul Singh

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Josh Stillman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • George Wilson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gino Zaccardelli

    GENERAL COUNSEL

    Total calculated
    $0
    Hours/week
    1

  • Renee B Yancey

    PRESIDENT AND CEO

    Total calculated
    $232,854
    From this org
    $218,128
    From related orgs
    $0
    Other
    $14,726
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $218,128
    Bonus
    $0
    Other
    $0
    Deferred
    $4,363
    Nontaxable benefits
    $10,363
    Filer's total
    $232,854

  • Tara Nadel

    VP OF MARKETING AND EVENTS

    Total calculated
    $122,400
    From this org
    $120,000
    From related orgs
    $0
    Other
    $2,400
    Hours/week
    40

  • Denise Bellows

    DIRECTOR OF INSIGHT REGION CENTER

    Total calculated
    $127,500
    From this org
    $125,000
    From related orgs
    $0
    Other
    $2,500
    Hours/week
    32

  • Cynthia Dimarco

    PREVIOUS DIRECTOR OF FINANCE

    Total calculated
    $103,914
    From this org
    $103,914
    From related orgs
    $0
    Other
    $0
    Hours/week
    32

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 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 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

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.

Provenance

Return type
form_990
Tax year
2024
Filed
19 March 2026
IRS schema version
2024v5.5
Source object
202641129349302104

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