Nonprofit · EIN 23-7009135
THE COMMUNITY FOUNDATION INC
Also known as THE COMMUNITY FOUNDATION SERVING RI
Tax-exempt · RICHMOND, VA 23230
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $101,658,764 | $85,106,726 | $16,552,038 | $852,363,551 | $67,776,699 | $784,586,852 |
| December 31, 2023 | 990 | $119,331,194 | $84,410,014 | $34,921,180 | $800,875,567 | $70,332,553 | $730,543,014 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $62,279,008
- of which government grants
- $4,749,475
- Program service revenue
- $781,030
- Investment income
- $38,367,160
- Net gain from sales of assets
- $19,240,431
- Net income from fundraising events
- -$14,072
- Other revenue
- $231,566
Expenses
- Grants and similar amounts paid
- $64,462,881
- Compensation of officers, directors and key employees
- $1,289,304
- Other salaries and wages
- $4,709,427
- Salaries, compensation and benefits (total)
- $6,953,605
- Professional fundraising fees
- $0
- Legal fees
- $51,168
- Accounting fees
- $194,948
- Occupancy
- $596,220
- Travel
- $86,365
- Depreciation
- $252,471
- Program services (functional)
- $76,012,229
- Management and general (functional)
- $7,329,386
- Fundraising (functional)
- $1,765,111
Balance sheet and other
- Total assets, start of year
- $800,875,567
- Total assets, end of year
- $852,363,551
- Total liabilities, end of year
- $67,776,699
- Net assets, end of year
- $784,586,852
- Land, buildings and equipment
- $2,115,291
- Publicly traded securities
- $123,297,134
- Net assets without donor restrictions
- $276,632,568
- Net assets with donor restrictions
- $507,954,284
- Gross unrelated business income
- $2,762,028
- Gross receipts
- $101,677,326
- Employees
- 78
- Volunteers
- 13,535
- Year formed
- 1968
- State of legal domicile
- VA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SHERRIE ARMSTRONG | PRESIDENT & CEO Officer | 40 | $443,614 | $57,284 |
| CASSANDRA EMERY | CHIEF OPERATING OFFICER Key employee | 40 | $289,140 | $12,593 |
| MICHELLE A NELSON | CHIEF FINANCIAL OFFICER Officer | 40 | $252,172 | $24,827 |
| KATHERINE BUSSER | VP, INFORMATION SYSTEMS Highest-paid employee | 40 | $204,416 | $13,552 |
| MAURA D BITTNER | CHIEF PHILANTHROPY OFFICER Key employee | 40 | $185,652 | $24,024 |
| KIMBERLY RUSSELL | SENIOR VP, MARKETING Highest-paid employee | 40 | $188,181 | $13,310 |
| VANESSA DIAMOND | SENIOR VP, CIVIC ENGAGEMENT Highest-paid employee | 40 | $187,113 | $8,789 |
| AUDREY TRUSSELL | VP, COMMUNITY IMPACT Highest-paid employee | 40 | $143,482 | $11,859 |
| LAUREN SHEPHARD | VP, FINANCE AND CONTROLLER Highest-paid employee | 40 | $139,890 | $6,950 |
| EMMETT S BLACKWELL | SENIOR CONSULTANT / FORMER KEY EMPL Former | 40 | $127,310 | $5,267 |
| JENNIFER HUNTER | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| VICTOR K BRANCH | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JOHN E KEMPER | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| CARTER M REID | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| CHARLES E AGEE III | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
16 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NEIL AMIN | BOARD MEMBER Trustee or director | 1 | $0 |
| THOMAS I BARKIN | BOARD MEMBER Trustee or director | 1 | $0 |
| MOSES FOSTER | BOARD MEMBER Trustee or director | 1 | $0 |
| MANJU S GANERIWALA | BOARD MEMBER Trustee or director | 1 | $0 |
| J CONRAD GARCIA | BOARD MEMBER Trustee or director | 1 | $0 |
| SHERYL L GARLAND | BOARD MEMBER Trustee or director | 1 | $0 |
| KRISSY M GATHRIGHT | BOARD MEMBER Trustee or director | 1 | $0 |
| KRISTEN FRANCES HAGER | BOARD MEMBER THROUGH 12/31/2024 Trustee or director | 1 | $0 |
| TRICIA L HARPER | BOARD MEMBER Trustee or director | 1 | $0 |
| TERRELL L HARRIGAN | BOARD MEMBER Trustee or director | 1 | $0 |
| MARK J HOURIGAN | BOARD MEMBER Trustee or director | 1 | $0 |
| PATRICIA MERRILL | BOARD MEMBER Trustee or director | 1 | $0 |
| KEITH MIDDLETON | BOARD MEMBER Trustee or director | 1 | $0 |
| PAULA P PANDO EDD | BOARD MEMBER Trustee or director | 1 | $0 |
| JAYME SWAIN | BOARD MEMBER Trustee or director | 1 | $0 |
| JAMELLE WILSON | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 31 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SHERRIE ARMSTRONG | PRESIDENT & CEO Officer | 40 | $484,280 | $64,424 |
| EMMETT S BLACKWELL | CHIEF COMMUNITY IMPACT OFFICER Key employee | 40 | $262,472 | $19,869 |
| MICHELLE A NELSON | CHIEF FINANCIAL OFFICER Officer | 40 | $231,823 | $27,337 |
| CASSANDRA EMERY | CHIEF OPERATING OFFICER Key employee | 40 | $219,924 | $10,828 |
| MAURA D BITTNER | CHIEF PHILANTHROPY OFFICER Key employee | 40 | $184,509 | $15,241 |
| KATHERINE BUSSER | VP, INFORMATION SYSTEMS Highest-paid employee | 40 | $172,014 | $13,658 |
| KIMBERLY RUSSELL | SENIOR VP, MARKETING Highest-paid employee | 40 | $156,292 | $15,413 |
| VANESSA DIAMOND | SENIOR VP, CIVIC ENGAGEMENT Highest-paid employee | 40 | $160,806 | $8,040 |
| ANN PAYES | CEO, THRIVE BIRTH TO FIVE Highest-paid employee | 40 | $136,358 | $23,453 |
| AUDREY TRUSSELL | VP, COMMUNITY IMPACT Highest-paid employee | 40 | $132,067 | $13,119 |
| JENNIFER HUNTER | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| VICTOR K BRANCH | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JOHN E KEMPER | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| CARTER M REID | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| AUSTIN BROCKENBROUGH IV | IMM. PAST CHAIR THROUGH 12/31/2023 Trustee or director, Officer | 1 | $0 | $0 |
| CHARLES E AGEE III | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| NEIL AMIN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| THOMAS I BARKIN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MANJU S GANERIWALA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| J CONRAD GARCIA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SHERYL L GARLAND | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KRISSY M GATHRIGHT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PHILIP H GOODPASTURE | BOARD MEMBER THROUGH 12/31/2023 Trustee or director | 1 | $0 | $0 |
| KRISTEN FRANCES HAGER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TRICIA L HARPER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TERRELL L HARRIGAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARK J HOURIGAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PATRICIA MERRILL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KEITH MIDDLETON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PAULA P PANDO EDD | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JAYME SWAIN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3409 MOORE ST, RICHMOND, VA 23230-4443
- Principal officer (990 for 2024)
- SHERRIE ARMSTRONG, 3409 MOORE STREET, RICHMOND, VA 23230
- Signed the 990
- SHERRIE ARMSTRONG, PRESIDENT & CEO
- Phone
- (804) 330-7400
- Website
- WWW.CFRICHMOND.ORG
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
Mission
WE BRING PEOPLE TOGETHER TO TRANSFORM OUR COMMUNITY THROUGH INFORMED AND INSPIRED PHILANTHROPY.
Program accomplishments
- HEALTH & WELLNESS: TOGETHER, WE WANT TO ENSURE THAT RESIDENTS HAVE ACCESS TO COMPREHENSIVE AND COORDINATED PREVENTIVE SERVICES AND QUALITY HEALTH CARE. RESIDENTS ARE CONNECTED TO RESOURCES THAT MEET THEIR HEALTH, NUTRITIONAL, AND SAFETY NEEDS. STRATEGIC FOCUS AREAS INCLUDE:- ACCESS TO PRIMARY HEALTH CARE: OPERATING SAFETY NET CLINICS; FACILITATING USE OF A MEDICAL HOME; OFFERING MEDICAL-RELATED HOME VISITATION; OFFERING WRAPAROUND SERVICES TO MAINTAIN HEALTH; PROVIDING MENTAL HEALTH SERVICES.- BASIC PHYSICAL HEALTH: FACILITATING ACCESS TO FOOD AND NUTRITION; PROMOTING REGULAR PHYSICAL ACTIVITY; TEACHING HEALTH EDUCATION.- TARGETED INTERVENTIONS: OFFERING TRAUMA-INFORMED CARE; IMPROVING AND SUSTAINING THE QUALITY OF LIFE FOR OLDER ADULTS.Expenses $16,886,579 · grants $14,314,817
- EDUCATIONAL SUCCESS: TOGETHER, WE WANT TO ENSURE THAT CHILDREN BEGIN SCHOOL READY TO LEARN AND ARE SUPPORTED ACADEMICALLY AND SOCIALLY THROUGHOUT THEIR EDUCATIONAL EXPERIENCE. YOUTH BECOME SKILLED, SELF-SUFFICIENT AND CONTRIBUTING MEMBERS OF THE COMMUNITY. STRATEGIC FOCUS AREAS INCLUDE:- KINDERGARTEN READINESS: ENSURING ACCESS TO QUALITY PRESCHOOL AND CHILDCARE; OFFERING CHILD DEVELOPMENT-RELATED HOME VISITATION; ENGAGING PARENTS AND CAREGIVERS.- K-12 ACADEMIC SUCCESS: SUPPORTING STUDENTS BY INCREASING THE QUALITY OR CAPACITY OF IN-SCHOOL RESOURCES; TEACHING POSITIVE BEHAVIOR AND SELF-MANAGEMENT SKILLS; ENGAGING PARENTS AND CAREGIVERS.- COLLEGE AND/OR CAREER READINESS: DEVELOPING YOUTH TO ENTER THE WORKFORCE; INCREASING ACCESS AND EXPOSURE TO POST-SECONDARY OPPORTUNITIES.Expenses $11,413,559 · grants $9,675,317
- ECONOMIC PROSPERITY, CAPACITY BUILDING, AND OTHER: TOGETHER, WE WANT TO ENSURE THAT RESIDENTS ACCESS AND MAINTAIN SAFE AND AFFORDABLE HOUSING IN THRIVING, SUSTAINABLE COMMUNITIES. RESIDENTS GAIN THE FINANCIAL KNOWLEDGE, SKILLS, AND RESOURCES TO SUPPORT THEMSELVES AND ARE ABLE TO ACCESS TO CAREER AND ECONOMIC OPPORTUNITIES. STRATEGIC FOCUS AREAS INCLUDE:- NEIGHBORHOOD DEVELOPMENT: BUILDING HOUSEHOLD INCOME, FINANCIAL STABILITY, AND WEALTH; REVITALIZING NEIGHBORHOODS; ENGAGING RESIDENTS TO SELF-ADVOCATE.- ADULT WORKFORCE DEVELOPMENT: TRAINING AND EDUCATION THAT LEADS TO WORKFORCE PREPARATION, CERTIFICATIONS, CREDENTIALS, AND DEGREES; REDUCING EMPLOYMENT BARRIERS; INCREASING ACCESS TO TRANSPORTATION AND WRAPAROUND SERVICES TO MAINTAIN EMPLOYMENT.- HOMELESSNESS REDUCTION: AVOIDING HOMELESSNESS THROUGH SHELTER DIVERSION; PROVIDING EMERGENCY SHELTER; FACILITATING RAPID RE-HOUSING AND EXITS TO PERMANENT HOUSING.- SAFE & AFFORDABLE HOUSING: CREATING HOUSING UNITS OR PRESERVING AFFORDABILITY OF EXISTING UNITS; OFFERING WRAPAROUND SERVICES TO MAINTAIN HOUSING; ASSISTING OLDER ADULTS TO AGE IN PLACE.Expenses $10,259,798 · grants $8,697,269 · revenue $47,755
- COMMUNITY VIBRANCY: TOGETHER, WE WANT TO ENSURE THAT RESIDENTS ARE ENRICHED AND EDUCATED THROUGH A DIVERSE OFFERING OF ARTS AND CULTURAL ACTIVITIES IN THEIR COMMUNITIES AND SCHOOLS. THE REGION'S HISTORIC, CULTURAL, AND NATURAL ASSETS ARE SUPPORTED TO ENRICH CURRENT AND FUTURE AREAS. STRATEGIC FOCUS AREAS INCLUDE:- ARTS & CULTURE: PROVIDING ACCESS TO PROGRAMS FOR LOW TO MODEST-WEALTH RESIDENTS AND SCHOOL-AGED YOUTH; OFFERING EDUCATION AND EVENTS THAT APPEAL TO DIVERSE AND MULTI-GENERATIONAL AUDIENCES.- NATIONAL RESOURCES: PROVIDING ACCESS TO NATURAL RESOURCES AND SUSTAINING OUR ENVIRONMENT THROUGH EDUCATION, PRESERVATION, AND RESTORATION.- COMMUNITY INCLUSION: FOSTERING COMMUNITY INCLUSION AND CONNECTIVITY; FACILITATING VOLUNTEER AND CIVIC ENGAGEMENT OPPORTUNITIES.ALL OTHER: THIS INCLUDES GRANTS GIVEN TO THE REGION THROUGH DONOR ADVISED FUNDS AND FIELD OF INTEREST FUNDS OUTSIDE OF THE SCOPE OF OUR 4 FOCUS AREAS. THE MAJORITY OF GRANTS ARE TO ANIMAL WELFARE, RELIGIOUS, AND ENVIRONMENTAL PURPOSES.Expenses $37,452,293 · grants $31,775,478 · revenue $733,275
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7009135
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1970
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T310)
- Assets (IRS master file)
- $852,363,551
- Income (IRS master file)
- $101,677,326
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $101,658,764 | $85,106,726 | $852,363,551 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $119,331,194 | $84,410,014 | $800,875,567 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $73,819,755 | $72,125,488 | $758,876,612 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7009135).
Questions about THE COMMUNITY FOUNDATION INC
- What is the EIN of THE COMMUNITY FOUNDATION INC?
- The employer identification number (EIN) of THE COMMUNITY FOUNDATION INC is 23-7009135.
- Is THE COMMUNITY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1970.
- Are donations to THE COMMUNITY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE COMMUNITY FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of THE COMMUNITY FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE COMMUNITY FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of THE COMMUNITY FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names SHERRIE ARMSTRONG.
- Who are the officers and directors of THE COMMUNITY FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 31 people; 10 received compensation from the organization, the highest $443,614 (SHERRIE ARMSTRONG, PRESIDENT & CEO).
- How much revenue does THE COMMUNITY FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $101,658,764, expenses of $85,106,726 and total assets of $852,363,551 at year end.
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