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Nonprofit · EIN 31-1739538

VIRGINIA COMMUNITY FOUNDATION

Tax-exempt · VIRGINIA, MN 55792

Financials

$2.6M$2.6M2023$179K$5.5M2024$12K$313K2025
Revenue Expenses · by fiscal year end
Financials of VIRGINIA COMMUNITY FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-EZ$11,858$313,109-$301,251$119,122$0$119,122
December 31, 2024990-EZ$178,694$5,530,365-$5,351,671$435,501$15,128$420,373
December 31, 2023990$2,575,803$2,561,649$14,154$5,239,484$23,520$5,215,964
Financial details: 990-EZ for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$5,489
Program service revenue
$3,744
Investment income
$276
Net gain from sales of assets
$2,349

Expenses

Grants and similar amounts paid
$288,019
Compensation of officers, directors and key employees
$0
Other expenses
$25,090

Balance sheet and other

Total assets, start of year
$435,501
Total assets, end of year
$119,122
Total liabilities, end of year
$0
Net assets, end of year
$119,122
Cash, savings and investments
$54,183
Land and buildings
$64,939
Gross receipts
$199,409

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-EZ for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
Leah RyanBoard Chair2$0
Brenda SkorichVice Chair2$0
Marieta JohnsonSecretary2$0
Polly PodpeskarTreasurer2$0
Greg GilnessBoard Member2$0
Mark KovacichBoard Member2$0
Tucker NelsonBoard Member2$0
Tony HarkonenBoard Member2$0
990-EZ for the year ended December 31, 2024: 10 people
NameTitleHours / weekCompensation
Greg GilnessBoard Chair10$0
Mark KovacichVice Chair2$0
Marieta JohnsonSecretary2$0
Polly PodpeskarTreasurer2$0
Dominick OlivantiBoard Member2$0
Brad ScottBoard Member2$0
Tucker NelsonBoard Member2$0
Leah RyanBoard Member2$0
Tony HarkonenBoard Member2$0
Brenda SkorichBoard Member2$0
990 for the year ended December 31, 2023: 15 people
NameTitleHours / weekCompensation
Holly LundgrenFormer Executive Director
Officer
40$40,500
Greg GilnessBoard Chair
Trustee or director, Officer
2.5$0
Mark KovacichVice Chair
Trustee or director, Officer
2.5$0
Marieta JohnsonSecretary
Trustee or director, Officer
2.5$0
Polly PodpeskarTreasurer
Trustee or director, Officer
2.5$0
Dominick OlivantiBoard Member
Trustee or director
2.5$0
Brenda SkorichBoard Member
Trustee or director
2.5$0
Brad ScottBoard Member
Trustee or director
2.5$0
Tucker NelsonBoard Member
Trustee or director
2.5$0
Leah RyanBoard Member
Trustee or director
2.5$0
Tony HarkonenBoard Member
Trustee or director
2.5$0
Carolyn DinneenBoard Member
Trustee or director
2.5$0
Tim RiordanBoard Member
Trustee or director
2.5$0
Eleanor AnshusBoard Member
Trustee or director
2.5$0
Bill CulbertBoard Member
Trustee or director
2.5$0

Address and contacts

Address (IRS master file)
PO BOX 7, VIRGINIA, MN 55792-0007
In care of
% RACHEL OLIVANTI
Signed the 990-EZ
Leah Ryan, Board Chair

Mission

Strengthen and revitalize the Virginia community

990-EZ for the year ended December 31, 2025

Program accomplishments

  • Funds for Lous Closet are designated to students enrolled at ISD 2909 used to promote achievement of low income students.
    grants $113
  • Grants totaling $287,906 were made to CommunityGiving a 501c3 community foundation which will provide ongoing sustainability of the endowment funds supporting the community of Virginia MN through philanthropic and operational support.
    grants $287,906

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990-EZ on file
2024December 31, 2024May 15, 2025990-EZ on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
31-1739538
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
2000
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$119,122
Income (IRS master file)
$199,409

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2025$11,858$313,109$119,122XML
990-EZDecember 2024$178,694$5,530,365$435,501XML
990December 2023$2,575,803$2,561,649$5,239,484XML
990December 2022$457,686$291,617$4,689,105IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 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 31-1739538).

Questions about VIRGINIA COMMUNITY FOUNDATION

What is the EIN of VIRGINIA COMMUNITY FOUNDATION?
The employer identification number (EIN) of VIRGINIA COMMUNITY FOUNDATION is 31-1739538.
Is VIRGINIA COMMUNITY FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
Are donations to VIRGINIA COMMUNITY FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does VIRGINIA COMMUNITY FOUNDATION 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 VIRGINIA COMMUNITY FOUNDATION due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did VIRGINIA COMMUNITY FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
Who are the officers and directors of VIRGINIA COMMUNITY FOUNDATION?
The 990-EZ for the year ended December 31, 2025 lists 8 people; 0 received compensation from the organization.
How much revenue does VIRGINIA COMMUNITY FOUNDATION have?
On its 990-EZ for the year ended December 31, 2025 it reported revenue of $11,858, expenses of $313,109 and total assets of $119,122 at year end.

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