Civic Intelligence

Twin County Community Foundation

990 • Fiscal year 2019 • EIN 54-1593923

Oct 01, 2018 to Sep 30, 2019 • Filed on Mar 06, 2020

PO Box 1131Galax, VA 24333

(276) 601-8011

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

5th percentile

0.00x

Higher debt load relative to assets than 5% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

6th percentile

0.00x

Higher debt load relative to revenue than 6% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Net Margin

81st percentile

23%

Higher net margin than 81% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

13th percentile

$0

Higher top officer pay than 13% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Asset Growth

34th percentile

0.0%

Faster asset growth than 34% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

24th percentile

-6.6%

Faster revenue growth than 24% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Assets

Up

$10,510,099

Up $555 (+0.0%) from 2018

Net Assets

Up

$10,508,992

Up $148 (+0.0%) from 2018

Liabilities

Up

$1,107

Up $407 (+58%) from 2018

Revenue

Down

$466,952

Down $33,045 (-6.6%) from 2018

Expenses

Up

$357,857

Up $160,606 (+81%) from 2018

Net Income

Down

$109,095

Down $193,651 (-64%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2011: $405,315Liabilities 2011: $02011Assets 2012: $433,078Liabilities 2012: $1,0112012Assets 2013: $447,256Liabilities 2013: $2,162Net Assets 2013: $445,0942013Assets 2014: $5,341,716Liabilities 2014: $402Net Assets 2014: $5,341,3142014Assets 2015: $5,225,800Liabilities 2015: $628Net Assets 2015: $5,225,1722015Assets 2016: $5,717,384Liabilities 2016: $807Net Assets 2016: $5,716,5772016Assets 2017: $9,944,524Liabilities 2017: $888Net Assets 2017: $9,943,6362017Assets 2018: $10,509,544Liabilities 2018: $700Net Assets 2018: $10,508,8442018Assets 2019: $10,510,099Liabilities 2019: $1,107Net Assets 2019: $10,508,9922019Assets 2020: $10,909,375Liabilities 2020: $1,266Net Assets 2020: $10,908,1092020Assets 2021: $12,447,112Liabilities 2021: $2,069Net Assets 2021: $12,445,0432021Assets 2022: $9,576,572Liabilities 2022: $7,129Net Assets 2022: $9,569,4432022Assets 2023: $9,683,120Liabilities 2023: $2,739Net Assets 2023: $9,680,3812023Assets 2024: $10,945,591Liabilities 2024: $3,141Net Assets 2024: $10,942,4502024

Highlighted filing

2019

Assets$10,510,099
Liabilities$1,107
Net Assets$10,508,992

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $120,999Expenses 2011: $68,329Net Income 2011: $52,6702011Revenue 2012: $48,138Expenses 2012: $49,754Net Income 2012: -$1,6162012Revenue 2013: $12,984Expenses 2013: $21,815Net Income 2013: -$8,8312013Revenue 2014: $5,018,950Expenses 2014: $16,202Net Income 2014: $5,002,7482014Revenue 2015: $262,577Expenses 2015: $44,460Net Income 2015: $218,1172015Revenue 2016: $90,270Expenses 2016: $41,154Net Income 2016: $49,1162016Revenue 2017: $3,815,492Expenses 2017: $51,367Net Income 2017: $3,764,1252017Revenue 2018: $499,997Expenses 2018: $197,251Net Income 2018: $302,7462018Revenue 2019: $466,952Expenses 2019: $357,857Net Income 2019: $109,0952019Revenue 2020: $838,687Expenses 2020: $425,264Net Income 2020: $413,4232020Revenue 2021: $262,014Expenses 2021: $446,093Net Income 2021: -$184,0792021Revenue 2022: $291,093Expenses 2022: $725,243Net Income 2022: -$434,1502022Revenue 2023: -$65,970Expenses 2023: $779,384Net Income 2023: -$845,3542023Revenue 2024: $421,376Expenses 2024: $633,084Net Income 2024: -$211,7082024

Highlighted filing

2019

Revenue$466,952
Expenses$357,857
Net Income$109,095
Jump To
Filing Snapshot
Filing Period
Oct 1, 2018 to Sep 30, 2019
Signed
Mar 6, 2020
Return Version
2018v3.1
Gross Receipts
$4,373,538
Mission and Program Overview

Mission

To improve healthcare in carroll and grayson counties and the city of galax, virginia.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$10,199,901$10,162,229▼ $37,672
Cash and Non-Interest-Bearing Accounts$309,643$347,870▲ $38,227
Total Assets$10,509,544$10,510,099▲ $555
Liabilities
Accounts Payable and Accrued Expenses$700$1,107▲ $407
Total Liabilities$700$1,107▲ $407
Net Assets / Fund Balance
Unrestricted Net Assets$10,056,008$10,038,141▼ $17,867
Temporarily Rstr Net Assets$452,836$470,851▲ $18,015
Total Net Assets Fund Balance$10,508,844$10,508,992▲ $148
Total Liabilities and Net Assets / Fund Balance$10,509,544$10,510,099▲ $555
Compensation and Service Providers
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$466,952
Other Revenue
$0
Change in Net Assets
$109,095

Audited Revenue Reconciliation

Revenue per Audited Statements
$466,952
Revenue Not Reported on Form 990
$-108,947
Total Revenue per Audited Statements
$358,005
Total Revenue per Form 990
$466,952
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$297,545
Other Expenses$49,068
Salaries, Compensation, and Employee Benefits$11,244
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$297,545--$297,545
Fees for Service Investment Mgmnt Fees$0$29,800$0$29,800
Other Salaries and Wages$0$11,244$0$11,244
Fees for Services Accounting$0$6,684$0$6,684
Other Expenses$0$3,871$0$3,871
Fees for Services Other$0$2,528$0$2,528
Office Expenses$0$2,173$0$2,173
Occupancy$0$1,896$0$1,896
Insurance$0$1,434$0$1,434
Payment Travel Entrtnmnt Publicly Ofcl$0$491$0$491
Total Functional Expenses$297,545$60,312$0$357,857

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$357,857
Total Expenses per Audited Statements$357,857
Total Expenses per Form 990$357,857
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Carroll Wellness CenterHillsville, VA-Healtchare Improvement$68,491
Baptist Medical ClinicGalax, VA-Healtchare Improvement$38,561
City of GalaxGalax, VA-Healthcare Improvement$37,717
WCC Educational FoundationWytheville, VA-Healtchare Improvement$34,760
Mt Rogers Health DistrictMarion, VA-Healthcare Improvement$33,800
Carroll CountyHillsville, VA-Healthcare Improvement$24,764
Chestnut Creek School of the ArtsGalax, VA-Healthcare Improvement$15,000
Galax Backpack BuddiesGalax, VA-Healthcare Improvement$11,333
Crossroads InstituteGalax, VA-Healthcare Improvement$10,014
One-on-One Literacy of WytheIndependence, VA-Healthcare Improvement$8,271
The Book People of FUMCFancy Gap, VA-Healthcare Improvement$7,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Twin County Community Foundation
EIN
54-1593923
Phone
2766018011
Address
PO Box 1131, GALAX, VA 24333

Signing Officer

Name
Jane Patton
Title
Chair
Phone
2766018011
Signed
2020-03-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bill Davis
Formed
1995
Legal Domicile
Va
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
14

Preparer

Firm
Robinson Farmer Cox Associates LLC
Address
108 South Park Dr, Blacksburg, VA 24060
Preparer
Corbin C Stone CPA
Phone
5405527322
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

A copy of the form is provided to the board before filing`

Pt VI, Line 19

Governing documents are available at the Organization upon request

Financial Statement Notes

Pt V, Line 4

Endowment funds are temporarily restricted and will be used for the exempt organizations primary purpose once released from restriction (time restriction)

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IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0687
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0134071
IRS990/PYInvestmentIncomeAmt0499310
IRS990/PymtTravelEntrtnmntPubOfclGrp/FundraisingAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ManagementAndGeneralAmt0491
IRS990/PymtTravelEntrtnmntPubOfclGrp/ProgramServicesAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt0491
IRS990/PYOtherExpensesAmt063180
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0302746
IRS990/PYTotalExpensesAmt0197251
IRS990/PYTotalRevenueAmt0499997
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0109095
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0687
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt03509455
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt01800
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0735
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt03512677
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0451442
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0499310
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0233796
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0255393
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0261842
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01701783
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0451442
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0499310
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0233796
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0255393
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0261842
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01701783
IRS990ScheduleA/InvestmentIncomeCYPct00.32640
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00.67360
IRS990ScheduleA/PublicSupportPY509Pct00.87030
IRS990ScheduleA/PublicSupportTotal509Amt03512677
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0687
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt03509455
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01800
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0735
IRS990ScheduleA/Total509Grp/TotalAmt03512677
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt05214460
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesSubtotalAmt0357857
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-108947
IRS990ScheduleD/RevenueNotReportedAmt0-108947
IRS990ScheduleD/RevenueSubtotalAmt0466952
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ENDOWMENT FUNDS ARE TEMPORARILY RESTRICTED AND WILL BE USED FOR THE EXEMPT ORGANIZATIONS PRIMARY PURPOSE ONCE RELEASED FROM RESTRICTION (TIME RESTRICTION)
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt V, Line 4
IRS990ScheduleD/TotalExpensesPerForm990Amt0357857
IRS990ScheduleD/TotalRevenuePerForm990Amt0466952
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0358005
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0357857
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt068491
IRS990ScheduleI/RecipientTable/CashGrantAmt138561
IRS990ScheduleI/RecipientTable/CashGrantAmt234760
IRS990ScheduleI/RecipientTable/CashGrantAmt324764
IRS990ScheduleI/RecipientTable/CashGrantAmt415000
IRS990ScheduleI/RecipientTable/CashGrantAmt533800
IRS990ScheduleI/RecipientTable/CashGrantAmt611333
IRS990ScheduleI/RecipientTable/CashGrantAmt710014
IRS990ScheduleI/RecipientTable/CashGrantAmt88271
IRS990ScheduleI/RecipientTable/CashGrantAmt97000
IRS990ScheduleI/RecipientTable/CashGrantAmt1037717
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Healtchare Improvement
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1Healtchare Improvement
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2Healtchare Improvement
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3Healthcare Improvement
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4Healthcare Improvement
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5Healthcare Improvement
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6Healthcare Improvement
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt7Healthcare Improvement
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt8Healthcare Improvement
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt9Healthcare Improvement
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt10Healthcare Improvement
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Carroll Wellness Center
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1Baptist Medical Clinic
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2WCC Educational Foundation
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3Carroll County
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4Chestnut Creek School of the Arts
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5Mt Rogers Health District
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt6Galax Backpack Buddies
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt7Crossroads Institute
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt8One-on-One Literacy of Wythe
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt9The Book People of FUMC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt10City of Galax
IRS990ScheduleI/RecipientTable/RecipientEIN0753125508
IRS990ScheduleI/RecipientTable/RecipientEIN1541632194
IRS990ScheduleI/RecipientTable/RecipientEIN2541162381
IRS990ScheduleI/RecipientTable/RecipientEIN3546001192
IRS990ScheduleI/RecipientTable/RecipientEIN4264283131
IRS990ScheduleI/RecipientTable/RecipientEIN5546001775
IRS990ScheduleI/RecipientTable/RecipientEIN6371639453
IRS990ScheduleI/RecipientTable/RecipientEIN7800015714
IRS990ScheduleI/RecipientTable/RecipientEIN8542032079
IRS990ScheduleI/RecipientTable/RecipientEIN9541241301
IRS990ScheduleI/RecipientTable/RecipientEIN10546001300
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO Box 1266
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1140 Larkspur Lane Suite C
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt21000 East Main Street
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt3499 Floyd Pike
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt4100 North Main St
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt5201 Francis Marion Lane
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt6PO Box 541
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt71117 East Stuart Drive
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt8PO Box 905
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt932 Orchard Vista Lane
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt10111 East Grayson St
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Hillsville
IRS990ScheduleI/RecipientTable/USAddress/CityNm1Galax
IRS990ScheduleI/RecipientTable/USAddress/CityNm2Wytheville
IRS990ScheduleI/RecipientTable/USAddress/CityNm3Hillsville
IRS990ScheduleI/RecipientTable/USAddress/CityNm4Galax
IRS990ScheduleI/RecipientTable/USAddress/CityNm5Marion

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.
2024Detailed filing. Detailed filing data is available for this year.$10.9$0.00$10.9$0.42$0.63$0.21
2023Detailed filing. Detailed filing data is available for this year.$9.68$0.00$9.68$0.07$0.78$0.85
2022Detailed filing. Detailed filing data is available for this year.$9.58$0.01$9.57$0.29$0.73$0.43
2021Detailed filing. Detailed filing data is available for this year.$12.4$0.00$12.4$0.26$0.45$0.18
2020Detailed filing. Detailed filing data is available for this year.$10.9$0.00$10.9$0.84$0.43$0.41
2019Detailed filing. Detailed filing data is available for this year.$10.5$0.00$10.5$0.47$0.36$0.11
2018Detailed filing. Detailed filing data is available for this year.$10.5$0.00$10.5$0.50$0.20$0.30
2017Detailed filing. Detailed filing data is available for this year.$9.94$0.00$9.94$3.82$0.05$3.76
2016Detailed filing. Detailed filing data is available for this year.$5.72$0.00$5.72$0.09$0.04$0.05
2015Detailed filing. Detailed filing data is available for this year.$5.23$0.00$5.23$0.26$0.04$0.22
2014Detailed filing. Detailed filing data is available for this year.$5.34$0.00$5.34$5.02$0.02$5.00
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.45$0.00$0.45$0.01$0.02$0.01
2012Summary only. Only limited summary data is available for this year.$0.43$0.00$0.05$0.05$0.00
2011Summary only. Only limited summary data is available for this year.$0.41$0.00$0.12$0.07$0.05