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← COMMUNITY FOUNDATION OF THE NORTHERN SHENANDOAH VALLEY

Form 990 for tax year 2023

Filed by COMMUNITY FOUNDATION OF THE NORTHERN SHENANDOAH VALLEY.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2023 , filed 28 June 2024. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Both are the same on the two returns, so the amendment changed something else.

Totals

Total revenue
$1,891,845
Total expenses
$728,812
Contributions and grants received
$1,110,187
Grants paid
$576,292
Program service revenue
$0
Investment income
$757,515
Other revenue
$24,143
Total assets, end of year
$15,330,251
Total liabilities, end of year
$2,645,695
Net assets or fund balances, end of year
$12,684,556
Program services expenses (Part IX)
$598,839
Management and general expenses
$120,891
Fundraising expenses
$9,082
Program service expenses (Part III)
$598,839

Program services were 82.2% 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

    $11,600

  • 1f · All other contributions, gifts and grants

    $1,098,587

  • 1g · Noncash contributions included above

    $423,494

  • 3 · Investment income

    total $375,283 · excluded $375,283

  • 7a · Gross sales of assets other than inventory

    securities $1,834,030

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

    securities $1,451,798

  • 7c · Gain or loss

    securities $382,232

  • 7d · Net gain or loss

    total $382,232 · excluded $382,232

  • 8a · Fundraising events: gross income

    $10,576

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

    $11,600

  • 8b · Fundraising events: direct expenses

    $11,273

  • 8c · Net income from fundraising events

    total -$697 · excluded -$697

  • 11a · Other revenue: OTHER

    total $24,840 · excluded $24,840

  • 11e · Other revenue, total

    $24,840

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $534,702 · program services $534,702

  • 2 · Grants to domestic individuals

    total $41,590 · program services $41,590

  • 5 · Compensation of officers, directors and key employees

    total $61,500 · management and general $55,850 · fundraising $5,650

  • 7 · Other salaries and wages

    total $16,923 · management and general $14,731 · fundraising $2,192

  • 10 · Payroll taxes

    total $6,191 · management and general $5,572 · fundraising $619

  • 11c · Fees: accounting

    total $12,350 · management and general $12,350

  • 11g · Fees: other

    total $12,427 · program services $8,078 · management and general $3,728 · fundraising $621

  • 13 · Office expenses

    total $25,988 · program services $12,994 · management and general $12,994

  • 16 · Occupancy

    total $3,189 · management and general $3,189

  • 22 · Depreciation, depletion and amortization

    total $685 · management and general $685

  • 23 · Insurance

    total $1,759 · management and general $1,759

  • 24a · Other expenses: FEES AND OTHER

    total $10,033 · management and general $10,033

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $1,475 · program services $1,475

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $69,683 · end of year $144,616

  • 4 · Accounts receivable

    beginning of year $250 · end of year $800

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,613 · end of year $3,900

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

    $5,299

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

    $3,409

  • 10c · Land, buildings and equipment, net

    beginning of year $2,575 · end of year $1,890

  • 12 · Investments: other securities

    beginning of year $13,017,347 · end of year $15,179,045

  • 17 · Accounts payable and accrued expenses

    beginning of year $46 · end of year $469

  • 25 · Other liabilities

    beginning of year $2,384,537 · end of year $2,645,226

  • 27 · Net assets without donor restrictions

    beginning of year $10,709,885 · end of year $12,684,556

Mission and programs · 2023

Mission

THE COMMUNITY FOUNDATION ENHANCES THE QUALITY OF LIFE IN WINCHESTER AND THE NORTHERN SHENANDOAH VALLEY OF VIRGINIA BY INSPIRING PHILANTHROPY AND CIVIC ENGAGEMENT, EMPOWERING DONORS AND COMMUNITY PARTNERS AND PROVIDING STEWARDSHIP OF COMMUNITY RESOURCES.

Activities or mission (Part I)

TO OPERATE FOR CHARITABLE PURPOSES AND INSPIRE PHILANTHROPY AND CIVIC ENGAGEMENT BY EMPOWERING DONORS AND COMMUNITY PARTNERS.

  • THE COMMUNITY FOUNDATION ACCEPTS CONTRIBUTIONS TO DISTRIBUTE INCOME AS GRANTS AND SCHOLARSHIPS PRIMARILY FOR THE BENEFIT OF PEOPLE IN THE NORTHERN SHENANDOAH VALLEY OF VIRGINIA.

    Expenses $598,839 · Grants $576,292

As filed on the 2023 return.

Listed in Part VII

  • Cary Craig

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Kathy Napier

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Julia Connell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bret Hrbek

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Erik Beatley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Richard Kennedy

    DIRECTOR AT LARGE AND INTERIM ED

    Total calculated
    $5,000
    From this org
    $5,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • John Tyson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Darcus Breneman

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Kathy Kanter

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Clay Perry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nancy Silvia

    EXECUTIVE DIRECTOR

    Total calculated
    $56,500
    From this org
    $56,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    30

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.

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2024
IRS schema version
2023v5.0
Source object
202401369349307745

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

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