Civic Intelligence

Peninsula Community Foundation of Virginia

990 • Fiscal year 2020 • EIN 54-2057957

Jan 01, 2020 to Dec 31, 2020 • Filed on Jun 30, 2021

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

8th percentile

0.00x

Higher debt load relative to assets than 8% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

8th percentile

0.01x

Higher debt load relative to revenue than 8% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

28th percentile

-2.9%

Higher net margin than 28% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

30th percentile

$120,633

Higher top officer pay than 30% of similar nonprofits.

Top officer pay equals 4.7% of source-year revenue.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

55th percentile

8.5%

Faster asset growth than 55% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

12th percentile

-33%

Faster revenue growth than 12% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Assets

Up

$15,219,323

Up $1,193,433 (+8.5%) from 2019

Net Assets

Up

$15,190,526

Up $1,169,616 (+8.3%) from 2019

Liabilities

Up

$28,797

Up $23,817 (+478%) from 2019

Revenue

Down

$2,561,934

Down $1,283,608 (-33%) from 2019

Expenses

Up

$2,637,070

Up $248,564 (+10%) from 2019

Net Income

Down

-$75,136

Down $1,532,172 (-105%) from 2019

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

2020

Assets$15,219,323
Liabilities$28,797
Net Assets$15,190,526

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

2020

Revenue$2,561,934
Expenses$2,637,070
Net Income-$75,136
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jun 30, 2021
Return Version
2020v4.0
Gross Receipts
$8,453,707
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$13,062,021$14,302,948▲ $1,240,927
Savings and Temporary Cash Investments$390,309$440,851▲ $50,542
Land, Buildings, and Equipment, Net$313,649$302,746▼ $10,903
Cash and Non-Interest-Bearing Accounts$259,911$170,680▼ $89,231
Accounts Receivable-$2,098-
Total Assets$14,025,890$15,219,323▲ $1,193,433
Liabilities
Accounts Payable and Accrued Expenses$610$15,722▲ $15,112
Deferred Revenue-$12,775-
Grants Payable$4,370$300▼ $4,070
Total Liabilities$4,980$28,797▲ $23,817
Net Assets / Fund Balance
Net Assets With Donor Restrictions$8,136,138$8,803,935▲ $667,797
Net Assets Without Donor Restrictions$5,884,772$6,386,591▲ $501,819
Total Net Assets Fund Balance$14,020,910$15,190,526▲ $1,169,616
Total Liabilities and Net Assets / Fund Balance$14,025,890$15,219,323▲ $1,193,433

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$290,348$33,880$324,228
Equipment$12,398$35,526$47,924

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$6,212,835$97,277▲ $799,326-$6,924,392
2019$4,695,780$366,110▲ $1,379,230-$6,212,835
2018$6,544,237$136,912▼ $1,184,364-$4,695,780
2017$5,036,454$691,536▲ $1,755,233-$6,544,237
2016$4,125,869$1,333,744▲ $590,676-$5,036,454
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Michael a MonteithChief Exec OFT$120,633$120,633

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,744,646
Program Service Revenue
$202,195
Investment Income
$555,187
Other Revenue
$59,906
All Other Contributions
$1,744,646
Change in Net Assets
$-75,136

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
Securities Publicly Traded5$232,847Nyse
Total Noncash Contributions5$232,847-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,561,934
Revenue Not Reported on Form 990
$1,189,304
Total Revenue per Audited Statements
$3,751,238
Total Revenue per Form 990
$2,561,934
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,964,099
Other Expenses$336,930
Salaries, Compensation, and Employee Benefits$336,041
Total Fundraising Expense$94,741
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,576,269--$1,576,269
Grants to Domestic Individuals$387,830--$387,830
Other Salaries and Wages$86,497$44,739$52,412$183,648
Current Officers, Directors, Trustees, and Key Employees$36,190$60,317$24,126$120,633
Fees for Service Investment Mgmnt Fees$58,342$6,864$3,432$68,638
Office Expenses$30,697$3,611$1,806$36,114
Payroll Taxes$19,989$2,352$1,176$23,517
Advertising$12,688$1,493$746$14,927
Information Technology$11,901$1,400$700$14,001
Fees for Services Accounting-$13,403-$13,403
Depreciation Depletion$10,419$1,226$612$12,257
Pension Plan Contributions$7,007$824$412$8,243
Occupancy$6,327$744$373$7,444
Insurance$4,015$472$236$4,723
Other Expenses$3,531$415$208$4,154
Fees for Services Other$1,136$134$67$1,337
Fees for Services Legal$1,105$130$65$1,300
Conferences and Meetings$625$74$37$736
Travel$492$58$29$579
Total Functional Expenses$2,388,780$153,549$94,741$2,637,070

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,637,070
Expenses per Audited Statements$2,569,042
Total Expenses per Audited Statements$2,569,042
Expenses Not Reported on Financial Statements$68,028
Other Expense Adjustments$68,028
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Smart Beginnings Va PeninsulaNewport News, VA3General Support$125,000
National Uran League IncNew York, NY3General Support$100,000
Soundscapes IncNewport News, VA3General Support$87,000
Williamsburg House of MercyWilliamsburg, VA3General Support$50,000
Virginia Living MuseumNewport News, VA3General Support$40,000
Habitat for Humanity Pen & WmsbgNewport News, VA3General Support$35,500
College of William & MaryWilliamsburg, VA3General Support$27,500
Jamestown Yorktown Foundation IncWilliamsburg, VA3General Support$25,000
Waters Edge ChurchYorktown, VA3General Support$25,000
CHILDREN'S HOSPITAL OF KINGS DAUGHTNorfolk, VA3General Support$20,000
Gary Sinise FoundationWoodland Hills, CA3General Support$20,000
Child Development ResourcesNorge, VA3General Support$15,000
Denbigh United Presbyterian ChurchNewport News, VA3General Support$15,000
Hampton Roads AcademyNewport News, VA3General Support$15,000
SAINT JOSEPH'S UNIVERSITYPhiladelphia, PA3Athletics Support$15,000
City of PoquosonPoquoson, VAGovGeneral Support$14,000
Junior Achievement Greater Hpt RdsVirginia Beach, VA3General Support$10,240
Ferguson Center for the ArtsNewport News, VA3General Support$10,000
Fix Ministry IncKing William, VA3General Support$10,000
THE MARINERS' MUSEUM AND PARKNewport News, VA3General Support$10,000
United Way of the Va PeninsulaNewport News, VA3General Support$10,000
Virginia Arts FestivalNorfolk, VA3General Support$10,000
Medical College of Va FoundationRichmond, VA3General Support$7,000
Uva Mcintire School FoundationCharlottesville, VA3General Support$7,000
THE CHILDREN'S CENTERFranklin, VA3General Support$6,639
20 Pearls FoundationNewport News, VA3General Support$5,757
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
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
2021-06-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael a Monteith
Formed
2002
Legal Domicile
Va
Voting Board Members
17
Independent Board Members
16
Employees
5
Volunteers
16

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

Adoption of asc 606 -12,580

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 interpretation, the foundation must disclose the expected future tax consequences of uncertain tax positions presuming the taxing authorities' full knowledge of the fact 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 knowlege 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 -68,028

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

Expenses net with revenue on financial statements 68,028

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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/PersonNm10SHEILA S NOLL
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IRS990/Form990PartVIISectionAGrp/PersonNm13NANCY PETTERS
IRS990/Form990PartVIISectionAGrp/PersonNm14ANNE SHUFORD
IRS990/Form990PartVIISectionAGrp/PersonNm15JEFFREY D WASSMER
IRS990/Form990PartVIISectionAGrp/PersonNm16ALAN S WITT
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHIEF EXEC O
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD TREASU
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD PRESID
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD SECRET
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
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IRS990/ProgSrvcAccomActy2Grp/Desc0THE FOUNDATION PROVIDED ASSISTANCE TO 57 INDIVIDUALS FOLLOWING A NATURAL OR CIVIL DISASTER OR SERIES OF SUDDEN OR UNEXPECTED EVENTS OR CIRCUMSTANCES BEYOND THE INDIVIDUALS'S REASONABLE CONTROL THROUGH VARIOUS EMPLOYEE AND FAMILY RELIEF FUNDS.
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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