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Community Development : Community Foundations

The Community Foundation Serving Richmond and Central Virginia

You make the difference. We make it possible.

four stars

92.25

7501 Boulders View Drive Suite 110
Richmond, VA 23225
tel: (804) 330-7400   Web Site
EIN: 23-7009135

Board Leadership
Pamela J. Royal
Chairman

CEO
Sherrie Armstrong
President and CEO

  Score
(out of 100)
Rating
Overall Score & Rating 92.25 four stars
  Financial 89.81 three stars
  Accountability & Transparency 96.00 four stars
This rating was published 05/01/2019 and includes data from FY2017, the most recent 990 received at that time.

In 1968, community leaders formed The Community Foundation Serving Richmond and Central Virginia to provide stewardship for permanent endowments that enhance the lives of area citizens. The Community Foundation enhances the quality of life in Richmond and Central Virginia by inspiring philanthropy and civic engagement, empowering donors and community partners and providing stewardship of community resources. With combined assets of $667 million, The Community Foundation is one of the largest grantmakers in Virginia.

In 1968, community leaders formed The Community Foundation Serving Richmond and Central Virginia to provide stewardship for permanent endowments that enhance the lives of area citizens. The Community Foundation enhances the quality of life in Richmond and Central Virginia by inspiring philanthropy and civic engagement, empowering donors and community partners and providing stewardship of community resources. With combined assets of $667 million, The Community Foundation is one of the largest grantmakers in Virginia.

Impact Information

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Financial

three stars

89.81

Accountability & Transparency

four stars

96.00

This rating was published 05/01/2019 and includes data from FY2017, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
85.7%
  Administrative Expenses 12.0%
  Fundraising Expenses 2.2%
  Fundraising Efficiency < $0.01
  Working Capital Ratio (years) 6.58
  Program Expenses Growth 8.8%
  Liabilities to Assets 12.4%
All data for Financial Performance Metrics calculations was provided by The Community Foundation Serving Richmond and Central Virginia on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by The Community Foundation Serving Richmond and Central Virginia on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
The Community Foundation Serving Richmond and Central Virginia (VA) 92.25 four stars
The Greater Cincinnati Foundation (OH) 93.72 four stars
Hampton Roads Community Foundation (VA) 93.35 four stars
The Oregon Community Foundation (OR) 96.40 four stars
Parasol Tahoe Community Foundation (NV) 92.68 four stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $25,486,029
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $1,512,710
   Government Grants $0
Total Contributions $26,998,739
   Program Service Revenue $0
Total Primary Revenue $26,998,739
   Other Revenue $11,953,603
TOTAL REVENUE $38,952,342
   
EXPENSES  
   Program Expenses $34,404,251
   Administrative Expenses $5,402,050
   Fundraising Expenses $1,120,833
TOTAL FUNCTIONAL EXPENSES $40,927,134
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-1,974,792
   
Net Assets $476,213,947

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Health & Wellness for Community Members $10,482,976 30.5%
Educational Success for Young People $7,369,390 21.4%
Cultural Vibrancy $7,328,105 21.3%

Ratings History
The Community Foundation Serving Richmond and Central Virginia has received 4 consecutive 4-star ratings from Charity Navigator.

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2017-12 05/01/2019 92.25 four stars
2016-12 05/01/2018 92.88 four stars
2015-12 06/01/2017 92.90 four stars
2014-12 06/01/2016 90.11 four stars
 
CN 2.0
2014-12 04/01/2016 86.80 three stars
2013-12 07/01/2015 95.92 four stars
2012-12 03/01/2014 87.80 three stars
2011-12 03/01/2013 93.77 four stars
2010-12 03/01/2012 84.67 three stars
2009-12 09/20/2011 94.61 four stars
 
CN 1.0
2009-12 06/01/2011 88.70 three stars
2008-12 07/01/2010 89.87 three stars
2007-12 05/01/2009 98.96 four stars
2006-12 02/01/2008 91.57 four stars
2005-12 02/01/2007 94.00 four stars
2004-12 02/01/2006 83.93 three stars
2003-12 02/01/2005 90.25 four stars
2002-12 01/01/2004 91.72 four stars
2001-12 10/15/2002 99.48 four stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 23-7009135
Name in IRS Master File THE COMMUNITY FOUNDATION INC
NTEE Code T31
NTEE Classification Community Foundations
NTEE Type Philanthropy, Voluntarism and Grantmaking Foundations
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (602) Gifts, grants, or loans to other organizations
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date March, 1970
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End December
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • December, 2017
  • December, 2016
  • December, 2015
  • December, 2014
  • December, 2013
Compensation % of Expenses Paid to Title
$327,813 0.80% Sherrie B. Armstrong President & CEO

Highly Rated

Charity Name & State Overall Score Overall Rating
The Community Foundation Serving Richmond and Central Virginia (VA) 92.25 four stars
The Community Foundation for Northeast Florida (FL) 93.74 four stars
Princeton Area Community Foundation (NJ) 97.17 four stars
Santa Barbara Foundation (CA) 95.50 four stars
Community Foundation of Western Massachusetts (MA) 89.73 three stars

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Charity Contact Info

The Community Foundation Serving Richmond and Central Virginia
7501 Boulders View Drive
Suite 110
Richmond, VA 23225
tel: (804) 330-7400
fax: (804) 330-5992
EIN: 23-7009135

Visit Web Site

Board Leadership

Pamela J. Royal
Chairman

CEO

Sherrie Armstrong
President and CEO

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