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Nonprofiteer
← PENINSULA COMMUNITY FOUNDATION OF VIRGINIA

Form 990 for tax year 2023

Filed by PENINSULA COMMUNITY FOUNDATION OF VIRGINIA.

Totals

Total revenue
$3,631,159
Total expenses
$2,832,937
Contributions and grants received
$2,082,959
Grants paid
$2,051,801
Program service revenue
$207,391
Investment income
$1,337,460
Other revenue
$3,349
Total assets, end of year
$16,946,280
Total liabilities, end of year
$29,793
Net assets or fund balances, end of year
$16,916,487
Program services expenses (Part IX)
$2,508,159
Management and general expenses
$235,401
Fundraising expenses
$89,377
Program service expenses (Part III)
$2,508,159

Program services were 88.5% 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

    $2,082,959

  • 1g · Noncash contributions included above

    $143,598

  • 2a · Program service revenue: SERVICE FEES

    total $178,425 · related or exempt $178,425

  • 2b · Program service revenue: GIVE LOCAL 757 REG FEES

    total $28,966 · related or exempt $28,966

  • 3 · Investment income

    total $380,270 · excluded $380,270

  • 7a · Gross sales of assets other than inventory

    securities $11,339,444

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

    securities $10,382,254

  • 7c · Gain or loss

    securities $957,190

  • 7d · Net gain or loss

    total $957,190 · excluded $957,190

  • 11a · Other revenue: INSURANCE CLAIM

    total $1,800 · related or exempt $1,800

  • 11b · Other revenue: REFUNDS/REBATES/REWARDS

    total $1,549 · related or exempt $1,549

  • 11e · Other revenue, total

    $3,349

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,717,659 · program services $1,717,659

  • 2 · Grants to domestic individuals

    total $334,142 · program services $334,142

  • 5 · Compensation of officers, directors and key employees

    total $149,974 · program services $44,992 · management and general $74,987 · fundraising $29,995

  • 7 · Other salaries and wages

    total $192,536 · program services $154,919 · management and general $11,103 · fundraising $26,514

  • 8 · Pension plan contributions

    total $8,051 · program services $6,038 · management and general $1,208 · fundraising $805

  • 10 · Payroll taxes

    total $25,268 · program services $18,951 · management and general $3,790 · fundraising $2,527

  • 11b · Fees: legal

    total $1,750 · program services $1,313 · management and general $262 · fundraising $175

  • 11c · Fees: accounting

    total $15,125 · management and general $15,125

  • 11f · Fees: investment management

    total $84,886 · management and general $84,886

  • 11g · Fees: other

    total $1,532 · program services $1,149 · management and general $230 · fundraising $153

  • 12 · Advertising and promotion

    total $29,933 · program services $22,450 · management and general $4,490 · fundraising $2,993

  • 13 · Office expenses

    total $41,031 · program services $33,260 · management and general $4,662 · fundraising $3,109

  • 14 · Information technology

    total $26,863 · program services $20,147 · management and general $4,030 · fundraising $2,686

  • 16 · Occupancy

    total $11,447 · program services $8,585 · management and general $1,717 · fundraising $1,145

  • 17 · Travel

    total $526 · program services $394 · management and general $79 · fundraising $53

  • 19 · Conferences, conventions and meetings

    total $4,640 · program services $3,480 · management and general $696 · fundraising $464

  • 22 · Depreciation, depletion and amortization

    total $11,261 · program services $8,446 · management and general $1,689 · fundraising $1,126

  • 23 · Insurance

    total $5,780 · program services $4,335 · management and general $867 · fundraising $578

  • 24a · Other expenses: ADMINISTRATIVE EXPENSE

    total $166,146 · program services $124,609 · management and general $24,922 · fundraising $16,615

  • 24b · Other expenses: TAXES & LICENSES

    total $4,091 · program services $3,068 · management and general $614 · fundraising $409

  • 24c · Other expenses: OTHER PROJECTS

    total $296 · program services $222 · management and general $44 · fundraising $30

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $380,646 · end of year $129,442

  • 2 · Savings and temporary cash investments

    beginning of year $177,346 · end of year $984,455

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

    $378,367

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

    $98,463

  • 10c · Land, buildings and equipment, net

    beginning of year $290,475 · end of year $279,904

  • 11 · Investments: publicly traded securities

    beginning of year $14,838,442 · end of year $15,552,479

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,096 · end of year $14,904

  • 19 · Deferred revenue

    beginning of year $11,600 · end of year $14,889

  • 27 · Net assets without donor restrictions

    beginning of year $7,073,607 · end of year $7,651,529

  • 28 · Net assets with donor restrictions

    beginning of year $8,598,606 · end of year $9,264,958

Mission and programs · 2023

Mission

TO INSPIRE PHILANTHROPY BY OFFERING DONORS FLEXIBLE CHARITABLE FUND OPTIONS WITH A LONG-TERM GOAL OF BUILDING PERMANENT ENDOWMENT FUNDS PRIMARILY FOR THE BROAD-BASED CHARITABLE BENEFIT OF THE RESIDENTS OF THE PENINSULA.

  • THE FOUNDATION MAKES GRANTS TO NONPROFIT ORGANIZATIONS FROM UNRESTRICTED AND DONOR-ADVISED FUNDS PRIMARILY FOR THE BROAD-BASED CHARITABLE BENEFIT OF THE RESIDENTS OF THE VIRGINIA PENINSULA.

    Expenses $2,174,017 · Grants $1,717,659 · Revenue $207,391

  • THE FOUNDATION PROVIDED ASSISTANCE TO 45 INDIVIDUALS FOLLOWING A NATURAL OR CIVIL DISASTER OR SERIES OF SUDDEN OR UNEXPECTED EVENTS OR CIRCUMSTANCES BEYOND THE INDIVIDUALS'S REASONABLE CONTROL THROUGH VARIOUS EMPLOYEE AND FAMILY RELIEF FUNDS.

    Expenses $145,592 · Grants $145,592

  • THE FOUNDATION PROVIDED COLLEGE SCHOLARSHIPS TO 135 STUDENTS THROUGH VARIOUS DONOR ADVISED FUNDS.

    Expenses $188,550 · Grants $188,550

As filed on the 2023 return.

Listed in Part VII

  • Michael A Monteith

    CEO/CFO

    Total calculated
    $149,974
    From this org
    $149,974
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Retired General Wallace Arnold

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.38

  • Attorney Lawrence G Cumming

    BOARD TREASU

    Total calculated
    $0
    Hours/week
    0.38

  • Jack L Ezzell Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.38

  • Rick Gallaer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.38

  • Gordon L Gentry Jr

    DIRECTOR EME

    Total calculated
    $0
    Hours/week
    0.38

  • Gregory F Lawson CPA Abv

    BOARD PRESID

    Total calculated
    $0
    Hours/week
    0.38

  • Sheila S Noll

    BOARD SECRET

    Total calculated
    $0
    Hours/week
    0.38

  • Attorney Donald N Patten

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.38

  • Richard J Pearce

    DIRECTOR EME

    Total calculated
    $0
    Hours/week
    0.38

  • Nancy Petters

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.38

  • Anna Van Buren

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.38

  • Jeffrey D Wassmer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.38

  • Alan S Witt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.38

  • Christine Snead

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.38

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

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.

  • 48 WEST QUEENS WAY LLC

    R/E HOLDER · VA · assets $265,407

  • PCF OLD HAMPTON DEVELOPMENT LLC

    CONTR MGMT · VA · assets $3,188

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2024
IRS schema version
2023v5.0
Source object
202401349349302510

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

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