Hampton Roads Community Foundation FY2020 filing

Tax-deductible

Norfolk, VA501(c)(3)Since 1950Foundations & GrantmakersEIN 54-2035996Revenue $16.9M in FY2020

On file with the IRShamptonroadscf.org101 W Main St Ste 4500, 23510-1644 · Norfolk, VATax-exempt since Sep 2001Publicly supported charity — 170(b)(1)(A)(vi)

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Make life better in Hampton Roads through leadership, philanthropy, and civic engagement.

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
$937K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $4.2M a year · 17% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$937K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
18 mo
of spending, in cash
Looks good: 17.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $767K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$17.2M
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
20
of 21 voting members
Looks good: 20 of 21 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$16.9M
Spent
$27.3M
To programs
92%
Net assets
$413.8M
By yearFY2020–FY2024
Revenue
$16.9M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$16.9M
FY2021$50.2M
FY2022$18.2M
FY2023$22.1M
FY2024$20.0M
Expenses
$27.3M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$27.3M
FY2021$24.0M
FY2022$27.8M
FY2023$30.8M
FY2024$38.6M
Net assets
$413.8M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$413.8M
FY2021$509.8M
FY2022$458.7M
FY2023$476.1M
FY2024$498.5M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2001.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $25.0M Management & general 5% · $1.4M Fundraising 3% · $813K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

25 people listed on the 990; $937K paid to officers and key staff.

Part VII, Section A · reportable compensation
President, Secretary & CEO
$351,593Pt VII · Sec A
Vice President of Grant Ma
$190,094Pt VII · Sec A
$158,150Pt VII · Sec A
Vice President of Developm
$122,988Pt VII · Sec A
Vice President of Civic En
$113,789Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Deborah M Dicroce’s $386K as President, Secretary & CEO is at the 82nd percentile of top reported officer pay among 661 $10–100M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Deborah M Dicroce$385,907$349,091$364,645$359,021$351,593
Linda M Rice$213,260$206,436$199,371$194,627$190,094
Richard Matthews$202,390$195,546$184,625$170,000$158,150
Kay a Stine$162,000$151,421$147,400$140,000$122,988
Robin Foreman-Wheeler$162,000$148,913$146,500$137,500—
Michelle Washington$160,425————
Vivian M Oden$147,000$135,197—$128,500—
Leigh E Davis$147,000————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Hampton Roads Community Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Connects donors with local nonprofits through strategic grants, leadership, and civic engagement to improve quality of life in the Hampton Roads region.

Questions for Hampton Roads Community Foundation

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Provided by the organization

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3 programs · $25.0M · in their own filed words · FY2020
01

The foundation makes grants to nonprofit organizations from unrestricted, field-of-interest, designated and donor-advised funds, with the purpose of improving life in southeastern virginia.

$22.4Mprogram expense
02

The foundation provides scholarships to students from southeastern virginia in accordance with the terms of the approximately 86 scholarship funds it holds.

$1.5Mprogram expense
03

The foundation provides support services to nonprofit organizations and donors to ensure effective grantmaking.

$1.2Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 3 funders$767K
See all 3 funders →
Grants paid · 2,465 grants · $124.6M · 2020–2024
Unitemized GrantFY2024$1,827,404
Norfolk Botanical Garden INCVA · FY2024$1,190,365
Access College FoundationVA · FY2024$972,068
Virginia Symphony OrchestraVA · FY2024$833,339
Virginia Opera Association INCVA · FY2024$457,696
The Virginia Arts Festival INCVA · FY2024$432,732
Virginia Zoological SocietyVA · FY2024$415,742
Duke UniversityNC · FY2024$411,000
See all 2,465 grants →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$16.9M
Ln 12
Gifts and grantsLn 1h$16.6M
Investment incomeLn 3$363K
Money outPt IX
$27.3M
Ln 25
Programscol B$25.0M
Managementcol C$1.4M
Fundraisingcol D$813K
Owns and owesPt X
$413.8M
net assets · Ln 32
Cash and savingsLn 1–2$40.2M
Total assetsLn 16$431.1M
LiabilitiesLn 26$17.2M
PeoplePt VI, VII
25
listed · VII A
PaidVII A5
Voting boardVI 1a21
IndependentVI 1b20
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$16.6M
Noncash giftsLn 1g$3.7M
Investment incomeLn 3$363K
Gains on assetsLn 7$44K
Total revenueLn 12$16.9M
Assets in detailPt X, end of year
SavingsLn 2$40.2M
Cash and savings togetherLn 1–2$40.2M
InvestmentsLn 11–13$381.2M
Land, buildings, equipmentLn 10c$101K
Other assetsLn 15$996K
Total assetsLn 16$431.1M
LiabilitiesLn 26$17.2M
Net assetsLn 32$413.8M
OperationsPt I, VI
EmployeesI 517
VolunteersI 620
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$41.7M$40.2M
InvestmentsLn 11–13$323.9M$381.2M
Land, buildings, equipmentLn 10c$139K$101K
Total assetsLn 16$376.6M$431.1M
LiabilitiesLn 26$15.9M$17.2M
Net assetsLn 32$360.7M$413.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$22.3M$22.3M
Grants to domestic individualsLn 2$1.5M$1.5M
Pay of current officers, directors and key staffLn 5$538K$109K$383K$45K
Other salaries and wagesLn 7$1.4M$611K$387K$384K
Other employee benefitsLn 9$171K$70K$59K$43K
Payroll taxesLn 10$123K$46K$49K$28K
Investment management feesLn 11f$68K$68K
Other fees for servicesLn 11g$286K$116K$142K$28K
Advertising and promotionLn 12$64K$64K
Office expensesLn 13$261K$75K$109K$78K
Information technologyLn 14$19K$19K
OccupancyLn 16$278K$99K$105K$75K
TravelLn 17$24K$6K$10K$8K
Conferences, conventions and meetingsLn 19$30K$7K$4K$19K
Depreciation, depletion and amortizationLn 22$45K$16K$17K$12K
InsuranceLn 23$18K$2K$15K$1K
Other expenses (24a–d)Ln 24$102K$49K$26K$28K
Total functional expensesLn 25$27.3M$25.0M$1.4M$813K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $20.0M$38.6M−$18.6M$498.5M 990 PDF
FY2023 $22.1M$30.8M−$8.7M$476.1M 990 PDF
FY2022 $18.2M$27.8M−$9.6M$458.7M 990 PDF
FY2021 $50.2M$24.0M$26.1M$509.8M 990 PDF
FY2020 Viewing $16.9M$27.3M−$10.3M$413.8M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $16,919,172 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $15,261,462$16,556,031
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $882,495$363,141
I-11 Other revenuePrior year $145,000$0
I-12 Total revenuePrior year $16,288,957$16,919,172
I-13 Grants and similar amounts paidPrior year $19,431,268$23,843,505
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,079,056$2,214,353
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,212,378$1,196,459
I-18 Total expensesPrior year $22,722,702$27,254,317
I-19 Revenue less expensesPrior year −$6,433,745−$10,335,145
Part VI · Governance 20 of 21 board members independent, no flags
VI-1a Voting members of the governing body21
VI-1b Independent voting members20
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $16,919,172 across 6 lines filed
VIII-1f All other contributions, gifts and grants$16,556,031
VIII-1g Noncash contributions (included above)$3,745,034
VIII-1h Total contributions, gifts and grants$16,556,031
VIII-3 Investment incomeExcluded from tax $319,265$319,265
VIII-7 Net gain or loss on sales of assetsExcluded from tax $43,876$43,876
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $363,141$16,919,172
Part IX · Statement of functional expenses $27,254,317 across 17 lines filed
IX-1 Grants to domestic organizationsPrograms $22,313,508$22,313,508
IX-2 Grants to domestic individualsPrograms $1,529,997$1,529,997
IX-5 Pay of current officers, directors and key staffPrograms $109,229 · Management $383,478 · Fundraising $45,377$538,084
IX-7 Other salaries and wagesPrograms $610,657 · Management $387,305 · Fundraising $384,356$1,382,318
IX-9 Other employee benefitsPrograms $69,855 · Management $58,629 · Fundraising $42,781$171,265
IX-10 Payroll taxesPrograms $46,326 · Management $48,645 · Fundraising $27,715$122,686
IX-11f Investment management feesManagement $68,217$68,217
IX-11g Other fees for servicesPrograms $116,126 · Management $141,615 · Fundraising $28,144$285,885
IX-12 Advertising and promotionFundraising $64,062$64,062
IX-13 Office expensesPrograms $74,761 · Management $108,937 · Fundraising $77,762$261,460
IX-14 Information technologyManagement $19,493$19,493
IX-16 OccupancyPrograms $98,754 · Management $104,597 · Fundraising $74,907$278,258
IX-17 TravelPrograms $5,769 · Management $10,238 · Fundraising $7,782$23,789
IX-19 Conferences, conventions and meetingsPrograms $6,518 · Management $4,037 · Fundraising $19,220$29,775
IX-22 Depreciation, depletion and amortizationPrograms $15,879 · Management $16,819 · Fundraising $12,045$44,743
IX-23 InsurancePrograms $2,116 · Management $14,992 · Fundraising $1,266$18,374
IX-24 Other expenses (24a–d)Programs $49,292 · Management $25,530 · Fundraising $27,581$102,403
IX-25 Total functional expensesPrograms $25,048,787 · Management $1,392,532 · Fundraising $812,998$27,254,317
Part X · Balance sheet $431,066,210 assets, 14 lines filed
X-2 Savings and temporary cash investmentsStart of year $41,749,717$40,201,832
X-3 Pledges and grants receivableStart of year $9,897,934$8,558,893
X-10c Land, buildings and equipment, netStart of year $138,995$100,872
X-11 Publicly traded securitiesStart of year $5,027,126$5,866,378
X-12 Other securitiesStart of year $318,849,274$375,341,950
X-15 Other assetsStart of year $906,551$996,285
X-16 Total assetsStart of year $376,569,597$431,066,210
X-18 Grants payableStart of year $1,364,700$1,369,905
X-25 Other liabilitiesStart of year $14,491,841$15,847,729
X-26 Total liabilitiesStart of year $15,856,541$17,217,634
X-27 Net assets without donor restrictionsStart of year $350,477,135$404,949,878
X-28 Net assets with donor restrictionsStart of year $10,235,921$8,898,698
X-32 Total net assets or fund balancesStart of year $360,713,056$413,848,576
X-33 Total liabilities and net assetsStart of year $376,569,597$431,066,210
Part XI · Reconciliation of net assets $413,848,576 net assets at year end
XI-1 Total revenue$16,919,172
XI-2 Total expenses$27,254,317
XI-3 Revenue less expenses−$10,335,145
XI-4 Net assets at start of year$360,713,056
XI-5 Net unrealized gains (losses) on investments$66,040,776
XI-9 Other changes in net assets−$2,570,111
XI-10 Net assets at end of year$413,848,576

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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