THE COMMUNITY FOUNDATION OF THE NEW RIVER VALLEY INC Charity Report

Public IRS 990 nonprofit record

THE COMMUNITY FOUNDATION OF THE NEW RIVER VALLEY INC

EIN 54-1740455 · Community Foundations (T31)

What they do

THE MISSION of THE COMMUNITY FOUNDATION of THE NEW RIVER VALLEY is to ENRICH OUR COMMUNITY BY PROVIDING PROFESSIONAL MANAGEMENT SERVICES to DONORS for THEIR CHARITABLE CAUSES, AWARDING VISIONARY GRANTS and SCHOLARSHIPS, and NURTURING COLLABORATIONS IN OUR COMMUNITY.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $91.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders17 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

39.43%of revenue went to mission work91.0% of expenses · Program services

1.39%of revenue went to fundraising3.2% of expenses

$43.31spent for every $100 of revenueRevenue covered expenses this year.

2.50%of revenue went to management and office costs5.8% of expenses

$11.54in assets for every $1 spent this yearSome assets cannot be spent right away.

68.8%of its money came from giftsOther money may come from services or investments.

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What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$3,966,037

Mission workProgram services$1,563,80739.43% of revenue91.0% of expenses

ManagementOffice and general costs$98,9842.50% of revenue5.8% of expenses

FundraisingAsking for donations$55,0871.39% of revenue3.2% of expenses

Revenue left after expensesReported annual surplus$2,248,15956.69% of revenueShown in gray on the chart

Total expenses$1,717,87843.31% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 91.0% mission · 5.8% management · 3.2% fundraisingTotal expenses: 43.31% of revenue

2023Expense mix: 89.3% mission · 7.1% management · 3.6% fundraisingTotal expenses: 56.90% of revenue

2022Expense mix: 86.0% mission · 9.5% management · 4.4% fundraisingTotal expenses: 77.48% of revenue

2021Expense mix: 85.2% mission · 10.1% management · 4.7% fundraisingTotal expenses: 26.25% of revenue

2020Expense mix: 87.3% mission · 10.0% management · 2.7% fundraisingTotal expenses: 55.67% of revenue

2019Expense mix: 85.2% mission · 11.4% management · 3.4% fundraisingTotal expenses: 75.71% of revenue

2018Expense mix: 86.6% mission · 10.6% management · 2.8% fundraisingTotal expenses: 49.20% of revenue

2017Expense mix: 88.8% mission · 8.2% management · 3.1% fundraisingTotal expenses: 59.87% of revenue

Money in and money out

Revenue$3,966,037

Expenses$1,717,878

Annual surplus $2,248,159 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$1,563,807 · 91.0% of expenses

Management and office costs$98,984 · 5.8% of expenses

Fundraising$55,087 · 3.2% of expenses

See all reported dollar amounts

Revenue$3,966,037

Expenses$1,717,878

Assets$19,824,904

Income$8,042,803

Contributions$2,726,819

Mission work (program services)$1,563,807

Fundraising$55,087

Grants given$1,247,032

Average grant$8,541

Management and general$98,984

Executive compensation (total)$80,000

Stocks and bonds$18,786,245

Accounting fees$32,171

Investing fees$95,893

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (17)

KAREN ELEY SANDERSBOARD MEMBER

WILLIAM ELLENBOGENBOARD MEMBER

ROGER SLUSHERBOARD MEMBER

ROB GRAHAMBOARD MEMBER

PAULA ALSTONBOARD MEMBER

PAT HYERPRESIDENT

NANCY ARTISBOARD MEMBER

LAURA DUDLEYBOARD MEMBER

KATHY KRENDLVICE PRESIDENT

ANGELA JOYNERBOARD MEMBER

JILL WILLIAMSBOARD MEMBER

JESSICA WIRGAUCEO

JAMIE MCREYNOLDSBOARD MEMBER

F BRAD DENARDOSECRETARY

ERIC CHAPMANBOARD MEMBER

DAVID RIGGANTREASURER

CATHERINE COTRUPIBOARD MEMBER

About this charity

Recognized since: January 1995
Location: PO BOX 6009, CHRISTIANSBRG, VA 24068-6009
County: Montgomery
In care of: % LINDSAY WEST
Primary officer: Patricia B Hyer, Board Chair

How to reach them

WebsiteVisit the charity’s website Emailcfnrv@cfnrv.orgDirections Phone(540) 381-8999

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: LEDFORD ACCOUNTING TEAM INC
NTEE classification: Community Foundations (T31)
IRS tax category: Community Foundations
Grant-giving organization: Yes