Civic Intelligence

Peninsula Community Foundation of Virginia

990 • Fiscal year 2019 • EIN 54-2057957

Jan 01, 2019 to Dec 31, 2019 • Filed on Jul 28, 2020

48 W Queens WayHampton, VA 23669

(757) 327-0862

Siviq Scores

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

Liabilities / Assets

6th percentile

0.00x

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

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

Liabilities / Revenue

5th percentile

0.00x

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

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

Net Margin

87th percentile

38%

Higher net margin than 87% of similar nonprofits.

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

Top Officer Pay

23rd percentile

$102,300

Higher top officer pay than 23% of similar nonprofits.

Top officer pay equals 2.7% of source-year revenue.

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

Asset Growth

86th percentile

23%

Faster asset growth than 86% of similar nonprofits.

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

Revenue Growth

23rd percentile

-7.1%

Faster revenue growth than 23% of similar nonprofits.

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

Assets

Up

$14,025,890

Up $2,615,101 (+23%) from 2018

Net Assets

Up

$14,020,910

Up $2,612,997 (+23%) from 2018

Liabilities

Up

$4,980

Up $2,104 (+73%) from 2018

Revenue

Down

$3,845,542

Down $291,870 (-7.1%) from 2018

Expenses

Down

$2,388,506

Down $703,233 (-23%) from 2018

Net Income

Up

$1,457,036

Up $411,363 (+39%) from 2018

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2011: $3,890,695Liabilities 2011: $3,907Net Assets 2011: $3,886,7882011Assets 2012: $5,086,537Liabilities 2012: $5,142Net Assets 2012: $5,081,3952012Assets 2013: $6,999,606Liabilities 2013: $6,895Net Assets 2013: $6,992,7112013Assets 2014: $6,964,490Liabilities 2014: $12,880Net Assets 2014: $6,951,6102014Assets 2015: $8,526,566Liabilities 2015: $23,600Net Assets 2015: $8,502,9662015Assets 2016: $10,096,292Liabilities 2016: $200,814Net Assets 2016: $9,895,4782016Assets 2017: $11,687,171Liabilities 2017: $10,508Net Assets 2017: $11,676,6632017Assets 2018: $11,410,789Liabilities 2018: $2,876Net Assets 2018: $11,407,9132018Assets 2019: $14,025,890Liabilities 2019: $4,980Net Assets 2019: $14,020,9102019Assets 2020: $15,219,323Liabilities 2020: $28,797Net Assets 2020: $15,190,5262020Assets 2021: $18,304,542Liabilities 2021: $11,600Net Assets 2021: $18,292,9422021Assets 2022: $15,686,909Liabilities 2022: $14,696Net Assets 2022: $15,672,2132022Assets 2023: $16,946,280Liabilities 2023: $29,793Net Assets 2023: $16,916,4872023Assets 2024: $18,100,792Liabilities 2024: $26,053Net Assets 2024: $18,074,7392024

Highlighted filing

2019

Assets$14,025,890
Liabilities$4,980
Net Assets$14,020,910

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $1,225,803Expenses 2011: $1,160,244Net Income 2011: $65,5592011Revenue 2012: $2,175,310Expenses 2012: $1,203,745Net Income 2012: $971,5652012Revenue 2013: $3,800,296Expenses 2013: $1,976,802Net Income 2013: $1,823,4942013Revenue 2014: $2,339,108Expenses 2014: $2,197,983Net Income 2014: $141,1252014Revenue 2015: $4,095,431Expenses 2015: $2,222,148Net Income 2015: $1,873,2832015Revenue 2016: $4,864,690Expenses 2016: $4,313,833Net Income 2016: $550,8572016Revenue 2017: $3,175,409Expenses 2017: $2,333,778Net Income 2017: $841,6312017Revenue 2018: $4,137,412Expenses 2018: $3,091,739Net Income 2018: $1,045,6732018Revenue 2019: $3,845,542Expenses 2019: $2,388,506Net Income 2019: $1,457,0362019Revenue 2020: $2,561,934Expenses 2020: $2,637,070Net Income 2020: -$75,1362020Revenue 2021: $5,838,297Expenses 2021: $2,667,722Net Income 2021: $3,170,5752021Revenue 2022: $2,572,824Expenses 2022: $2,744,440Net Income 2022: -$171,6162022Revenue 2023: $3,631,159Expenses 2023: $2,832,937Net Income 2023: $798,2222023Revenue 2024: $3,457,197Expenses 2024: $3,124,652Net Income 2024: $332,5452024

Highlighted filing

2019

Revenue$3,845,542
Expenses$2,388,506
Net Income$1,457,036
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jul 28, 2020
Return Version
2019v5.0
Gross Receipts
$8,085,559
Mission and Program Overview

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$10,786,741$13,062,021▲ $2,275,280
Savings and Temporary Cash Investments$124,168$390,309▲ $266,141
Land, Buildings, and Equipment, Net$323,955$313,649▼ $10,306
Cash and Non-Interest-Bearing Accounts$175,925$259,911▲ $83,986
Total Assets$11,410,789$14,025,890▲ $2,615,101
Liabilities
Grants Payable-$4,370-
Accounts Payable and Accrued Expenses$2,376$610▼ $1,766
Other Liabilities$500--
Total Liabilities$2,876$4,980▲ $2,104
Net Assets / Fund Balance
Net Assets With Donor Restrictions$6,179,912$8,136,138▲ $1,956,226
Net Assets Without Donor Restrictions$5,228,001$5,884,772▲ $656,771
Total Net Assets Fund Balance$11,407,913$14,020,910▲ $2,612,997
Total Liabilities and Net Assets / Fund Balance$11,410,789$14,025,890▲ $2,615,101

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$298,661$25,567$324,228
Equipment$14,988$31,581$46,569

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$6,179,912$1,533,806▲ $1,381,831-$8,136,138
2018$6,544,237$1,621,044▼ $1,184,364-$6,179,912
2017$5,036,454$691,536▲ $1,755,233-$6,544,237
2016$4,125,869$1,333,744▲ $590,676-$5,036,454
2015$2,474,258$2,079,741▼ $22,938-$4,125,869
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Michael a MonteithChief Exec OFT$102,300$102,300

Board Members and Trustees

NameTitle
Gregory F LawsonBoard Presid
Sheila S NollBoard Secret
Gordon L Gentry JrBoard Treasu
Alan S WittDirector
Anne ShufordDirector
Donald N PattenDirector
Jack L Ezzell JrDirector
Jeffrey D WassmerDirector
Lawrence G CummingDirector
Richard J PearceDirector
James ChismanFormer Direc

Highest Paid Contractors

ContractorServicesLocationCompensation
Work Program Architects INCArchitectural208 E PLUME STREET, MONTICELLO ARCADE SUITE 2, Norfolk, VA 23510$135,144
Revenue and Support

Revenue Composition

Contributions and Grants
$2,714,105
Program Service Revenue
$178,266
Investment Income
$961,048
Other Revenue
$-7,877
All Other Contributions
$2,695,355
Change in Net Assets
$1,457,036

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Residential1$169,900Sales Price
Securities Publicly Traded4$71,747Nyse
Total Noncash Contributions5$241,647-

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,854,004
Revenue Not Reported on Financial Statements
$-8,462
Revenue Not Reported on Form 990
$1,089,922
Other Revenue Adjustments
$-8,462
Total Revenue per Audited Statements
$4,943,926
Total Revenue per Form 990
$3,845,542
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,692,312
Other Expenses$389,723
Salaries, Compensation, and Employee Benefits$306,471
Total Fundraising Expense$125,263
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,283,680--$1,283,680
Grants to Domestic Individuals$408,632--$408,632
Other Salaries and Wages$86,892$45,466$45,097$177,455
Current Officers, Directors, Trustees, and Key Employees-$51,150$51,150$102,300
Fees for Service Investment Mgmnt Fees-$66,895-$66,895
Office Expenses$15,793$1,973$1,973$19,739
Information Technology$14,471$1,809$1,809$18,089
Payroll Taxes$14,404$1,800$1,800$18,004
Fees for Services Accounting-$15,467-$15,467
Depreciation Depletion$9,530$1,192$1,192$11,914
Advertising$5,453$2,880$2,880$11,213
Occupancy$7,117$890$890$8,897
Pension Plan Contributions$6,601$825$825$8,251
Fees for Services Other$4,262$533$533$5,328
Insurance$1,615$2,818$202$4,635
Travel$3,573$447$447$4,467
Other Expenses$3,328$416$416$4,160
Fees for Services Legal-$3,161-$3,161
Other Employee Benefits$369$46$46$461
Conferences and Meetings$200$25$25$250
Total Functional Expenses$2,049,472$213,771$125,263$2,388,506

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,388,506
Total Expenses per Audited Statements$2,330,929
Expenses per Audited Statements$2,322,467
Expenses Not Reported on Financial Statements$66,039
Other Expense Adjustments$66,039
Expenses Not Reported on Form 990$8,462
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Hampton Roads AcademyNewport News, VA3General Support$91,500
Salvation Army Peninsula CommandHampton, VA3General Support$60,000
Smart Beginnings Va PeninsulaNewport News, VA3General Support$59,603
Center for Child & Family ServicesHampton, VA3General Support$50,000
Olde Towne Medical & Dental CenterWilliamsburg, VA3General Support$33,713
Hampton Public Library FoundationHampton, VA3General Support$33,000
United Way of the Va PeninsulaNewport News, VA3General Support$30,000
Gary Sinise FoundationWoodland Hills, CA3General Support$21,000
College of William & MaryWilliamsburg, VA3General Support$20,000
Child Development ResourcesWilliamsburg, VA3General Support$19,917
SAINT JOSEPH'S UNIVERSITYPhiladelphia, PA3General Support$19,000
Virginia Living MuseumNewport News, VA3General Support$17,500
Salvation Army WilliamsburgWilliamsburg, VA3General Support$15,000
Virginia Peninsula FoodbankHampton, VA3General Support$15,000
SoundscapesNewport News, VA3General Support$10,753
College of William & Mary Law SchooWilliamsburg, VA3General Support$10,000
Ferguson Center for the ArtsNewport News, VA3General Support$10,000
Link of Hampton RoadsNewport News, VA3General Support$10,000
Mariners MuseumNewport News, VA3General Support$10,000
Peninsula Crime Stoppers IncNewport News, VA3General Support$10,000
University of Nebraska FoundationKearney, NE3.General Support$10,000
Va Peninsula Rugby FoundationNewport News, VA3General Support$10,000
Walsingham AcademyWlliamsburg, VA3General Support$10,000
Peninsula SpcaNewport News, VA3General Support$9,943
Junior Achievement Greater Hpt RdsVirginia Beach, VA3General Support$9,861
Our Lady of Mount Carmel SchoolNewport News, VA3General Support$9,014
York Foundation for Public EducatioYorktown, VA-General Support$8,905
Dream CatchersToano, VA3General Support$7,917
The Up CenterNorfolk, VA3General Support$7,917
Denbigh United Presbyterian ChurchNewport News, VA3General Support$7,500
Lackey Free ClinicYorktown, VA3General Support$7,500
Hampton History MuseumHampton, VA3General Support$7,014
Uva Mcintire School FoundationCharlottesville, VA3General Support$7,000
Jamestown Yorktown Foundation IncWilliamsburg, VA3General Support$6,500
Montgomery Co Coalition for HomelesRockville, MD3General Support$6,250
Hampton City SchoolsHampton, VA3General Support$6,000
Hospice House & Support WilliamsbgWilliamsburg, VA3General Support$6,000
The Muse Writers CenterNorfolk, VA3General Support$5,757
An Achievable DreamNewport News, VA3General Support$5,500
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$8,462
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Leadership Soci$16,750-$2,089-
Total Events$16,750-$8,462$-8,462
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
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI

The ceo is on the governing board. As an employee, he is not an independent voting member of the board. There are 10 independent members and one employee voting member on the governing board.

Form 990, Page 6, Part VI, Line 11B

The form 990 is reviewed by the executive director and the finance committee of the board of directors.

Form 990, Page 6, Part VI, Line 12C

Board members shall submit their annual disclosure statements to the president. Employees shall submit their statements to the executive director of the foundation. All other covered individuals shall deliver their statements to the executive director of the foundation. All statements shall be completed and delivered by june 30 each year. When there is any material change in the information contained in any disclosure statement, the person who originally submitted it shall submit written notification no later than 30 days from the date of the change.

Form 990, Page 6, Part VI, Line 15A

Salary is based upon the foundation's ability to afford reasonable compensation based upon the national average salary for directors.

Form 990, Page 6, Part VI, Line 15B

Salary is based upon the foundation's ability to afford reasonable compensation based upon the national average salary for the position.

Form 990, Page 6, Part VI, Line 19

The financial statements are available on the foundation's website. Form 990, other governing documents and conflict of interest policy are made available upon request. Requested information is mailed directly to entity requesting the information.

Filing and Contact Details

Filer

Filer Name
Peninsula Community Foundation of
EIN
54-2057957
Phone
7573270862
Address
48 W QUEENS WAY, HAMPTON, VA 23669

Signing Officer

Name
Michael a Monteith
Title
Chief Exec Officer
Phone
7573270862
Signed
2020-07-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael a Monteith
Formed
2002
Voting Board Members
11
Independent Board Members
10
Employees
5
Volunteers
15

Preparer

Firm
A Rohm Smith & Company
Address
11832 ROCK LANDING DR STE 101, NEWPORT NEWS, VA 23606-4277
Preparer
Theresa Rohm CPA
Phone
7572239602
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

Board members are volunteers.

Form 990, Part XI, Line 9

Expenses net with revenue on financial statements -66,039 event expenses net with revenue on 990 8,462 event expenses net with revenue on 990 -8,462 expenses net with revenue on financial statements 66,039

Financial Statement Notes

Schedule D, Page 3, Part X

The foundation adopted the provisions of financial accounting standards board (fasb) accounting standards codification (asc) 740-10-25, which require that a tax position be recognized or derecognized based on a "more likely than not" threshold. This applies to positions taken or expected to be taken in a tax return. In accordance with the interpretation, the foundation must disclose the expected future tax consequences of uncertain tax positions presuming the taxing authorities' full knowledge of the facts of the foundation's position and records unrecognized tax benefits or liabilities for known, or anticipated tax issues based on the foundation's analysis of whether additional taxes would be due to the authority given their full knowledge of the tax position. The foundation has determined that there were no tax positions which would require recognition under the interpretation. The foundation's income tax returns for the past three years remain open for examination by tax authorities.

Schedule D, Page 4, Part XI, Line 2D

Expenses net with revenue on financial statements -66,039

Schedule D, Page 4, Part XI, Line 4B

Event expenses net with revenue on 990 -8,462

Schedule D, Page 4, Part XII, Line 2D

Event expenses net with revenue on 990 8,462

Schedule D, Page 4, Part XII, Line 4B

Expenses net with revenue on financial statements 66,039

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD TREASU
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$18.1$0.03$18.1$3.46$3.12$0.33
2023Detailed filing. Detailed filing data is available for this year.$16.9$0.03$16.9$3.63$2.83$0.80
2022Detailed filing. Detailed filing data is available for this year.$15.7$0.01$15.7$2.57$2.74$0.17
2021Detailed filing. Detailed filing data is available for this year.$18.3$0.01$18.3$5.84$2.67$3.17
2020Detailed filing. Detailed filing data is available for this year.$15.2$0.03$15.2$2.56$2.64$0.08
2019Detailed filing. Detailed filing data is available for this year.$14.0$0.00$14.0$3.85$2.39$1.46
2018Detailed filing. Detailed filing data is available for this year.$11.4$0.00$11.4$4.14$3.09$1.05
2017Detailed filing. Detailed filing data is available for this year.$11.7$0.01$11.7$3.18$2.33$0.84
2016Detailed filing. Detailed filing data is available for this year.$10.1$0.20$9.90$4.86$4.31$0.55
2015Summary only. Only limited summary data is available for this year.$8.53$0.02$8.50$4.10$2.22$1.87
2014Summary only. Only limited summary data is available for this year.$6.96$0.01$6.95$2.34$2.20$0.14
2013Summary only. Only limited summary data is available for this year.$7.00$0.01$6.99$3.80$1.98$1.82
2012Summary only. Only limited summary data is available for this year.$5.09$0.01$5.08$2.18$1.20$0.97
2011Summary only. Only limited summary data is available for this year.$3.89$0.00$3.89$1.23$1.16$0.07