Nonprofit · EIN 27-2529017
THE SOUTHEAST VIRGINIA COMMUNITY FOUNDATION
Tax-exempt · CHESAPEAKE, VA 23320
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,521,800 | $919,484 | $602,316 | $18,286,819 | $2,240,595 | $16,046,224 |
| December 31, 2023 | 990 | $267,674 | $1,249,304 | -$981,630 | $16,891,410 | $1,838,135 | $15,053,275 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $300,206
- Program service revenue
- $0
- Investment income
- $989,966
- Net gain from sales of assets
- $716,618
- Other revenue
- $231,628
Expenses
- Grants and similar amounts paid
- $635,786
- Compensation of officers, directors and key employees
- $67,400
- Other salaries and wages
- $83,230
- Salaries, compensation and benefits (total)
- $184,649
- Professional fundraising fees
- $0
- Legal fees
- $285
- Accounting fees
- $8,500
- Occupancy
- $11,508
- Depreciation
- $3,565
- Program services (functional)
- $880,085
- Management and general (functional)
- $33,536
- Fundraising (functional)
- $5,863
Balance sheet and other
- Total assets, start of year
- $16,891,410
- Total assets, end of year
- $18,286,819
- Total liabilities, end of year
- $2,240,595
- Net assets, end of year
- $16,046,224
- Land, buildings and equipment
- $8,429
- Publicly traded securities
- $16,976,554
- Net assets without donor restrictions
- $2,558,486
- Net assets with donor restrictions
- $13,487,738
- Gross receipts
- $3,895,684
- Employees
- 3
- Volunteers
- 15
- Year formed
- 2010
- 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 |
|---|---|---|---|
| RICHARD E H WENTZ | CEO Trustee or director, Officer | 40 | $67,400 |
| AMY W FOLKES | PAST PRES. Trustee or director, Officer | 3 | $0 |
| TIMOTHY S CULPEPPER | PAST PRES. Trustee or director, Officer | 3 | $0 |
| STEPHEN KORVING | PRESIDENT Trustee or director, Officer | 3 | $0 |
| MICHELLE BUTLER | SECRETARY Trustee or director, Officer | 3 | $0 |
| CARL L HARDEE | VICE PRESIDE Trustee or director, Officer | 3 | $0 |
| CHARLES G HACKWORTH SR | OFFICER Trustee or director, Officer | 3 | $0 |
| THOMAS E WOOD | OFFICER Trustee or director, Officer | 3 | $0 |
| CAROLYN BERNARD | DIRECTOR Trustee or director | 1 | $0 |
| DORIS COBB | TREASURER Trustee or director, Officer | 1 | $0 |
| BETT CORNETTA | DIRECTOR Trustee or director | 1 | $0 |
| ASHTON LEWIS JR | DIRECTOR Trustee or director | 1 | $0 |
| SCOTT MATHESON | DIRECTOR Trustee or director | 1 | $0 |
| DR JOE RAMPERSAD | DIRECTOR Trustee or director | 1 | $0 |
| EMILY ROBBINS | DIRECTOR Trustee or director | 1 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CLAY ROBERTSON | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICHARD E H WENTZ | CEO Trustee or director, Officer | 40 | $81,000 |
| AMY W FOLKES | PRESIDENT Trustee or director, Officer | 3 | $0 |
| TIMOTHY S CULPEPPER | PAST PRES. Trustee or director, Officer | 3 | $0 |
| STEPHEN KORVING | VICE PRESIDE Trustee or director, Officer | 3 | $0 |
| MICHELLE BUTLER | SECRETARY Trustee or director, Officer | 3 | $0 |
| CARL L HARDEE | TREASURER Trustee or director, Officer | 3 | $0 |
| CHARLES G HACKWORTH SR | OFFICER Trustee or director, Officer | 3 | $0 |
| THOMAS E WOOD | OFFICER Trustee or director, Officer | 3 | $0 |
| CAROLYN BERNARD | DIRECTOR Trustee or director | 1 | $0 |
| DORIS COBB | DIRECTOR Trustee or director | 1 | $0 |
| BETT CORNETTA | DIRECTOR Trustee or director | 1 | $0 |
| ASHTON LEWIS JR | DIRECTOR Trustee or director | 1 | $0 |
| SCOTT MATHESON | DIRECTOR Trustee or director | 1 | $0 |
| DR JOE RAMPERSAD | DIRECTOR Trustee or director | 1 | $0 |
| EMILY ROBBINS | DIRECTOR Trustee or director | 1 | $0 |
| CLAY ROBERTSON | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1435 CROSSWAYS BLVD STE 300, CHESAPEAKE, VA 23320-2896
- In care of
- % RICHARD EH WENTZ
- Principal officer (990 for 2024)
- RICHARD E H WENTZ, 1435 CROSSWAYS BLVD STE 303, CHESAPEAKE, VA 23320
- Signed the 990
- RICHARD E H WENTZ, CEO
- Phone
- (757) 397-5424
- Website
- WWW.SEVACF.ORG
- Return prepared by
- BARNES BROCK CORNWELL & PAINTER PLC
Mission
SEVACF ENHANCES THE QUALITY OF THE LIFE IN SOUTH HAMPTON ROADS BY CONNECTING PEOPLE WHO CARE WITH CAUSES LARGE AND SMALL, MANAGING CHARITABLE FUNDS, AND PROVIDING GRANTS AND SCHOLARSHIPS FOR (CONTINUED ON SCHEDULE O)
Program accomplishments
- THE FOUNDATION MAKES GRANTS TO NONPROFIT ORGANIZATIONS IN THE CHARITABLE AREAS OF ARTS & CULTURE, CAPITAL & OPERATING SUPPORT, EDUCATION; HEALTH AND HUMAN SERVICES; CIVIC AND ECONOMIC DEVELOPMENT; AND RELIGIOUS. GRANTS ARE SUGGESTED BY FUND ADVISORS, ARE MADE FROM DESIGNATED OR FIELD OF INTEREST FUNDS, OR ARE RECOMMENDED AND APPROVED BY THE BOARD OF DIRECTORS FROM THE COMMUNITY NEEDS FUND (DISCRETIONARY FUNDS FROM UNRESTRICTED DOLLARS.)Expenses $562,375 · grants $562,375
- THE FOUNDATION ADMINISTERS 25 SCHOLARSHIP FUNDS AND ANNUALLY HOLDS A CELEBRATION INVITING BOARD MEMBERS, ADVISORY BOARD MEMBERS, SCHOLARSHIP DONORS, AWARDEES AND THIER FAMILY MEMBERS. THE SCHOLARSHIP RECEPTION WAS NOT HELD IN 2024.Expenses $73,411 · grants $73,411
- DONOR EDUCATION AND OTHER PROGRAMSExpenses $244,299
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
- 27-2529017
- 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
- 2009
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $18,286,819
- Income (IRS master file)
- $3,895,684
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,521,800 | $919,484 | $18,286,819 | XML |
| 990 | December 2023 | $267,674 | $1,249,304 | $16,891,410 | XML |
| 990 | December 2022 | $921,181 | $1,194,480 | $15,296,794 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 27-2529017).
Questions about THE SOUTHEAST VIRGINIA COMMUNITY FOUNDATION
- What is the EIN of THE SOUTHEAST VIRGINIA COMMUNITY FOUNDATION?
- The employer identification number (EIN) of THE SOUTHEAST VIRGINIA COMMUNITY FOUNDATION is 27-2529017.
- Is THE SOUTHEAST VIRGINIA COMMUNITY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
- Are donations to THE SOUTHEAST VIRGINIA COMMUNITY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE SOUTHEAST 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 THE SOUTHEAST VIRGINIA COMMUNITY FOUNDATION 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 SOUTHEAST VIRGINIA COMMUNITY FOUNDATION 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 SOUTHEAST VIRGINIA COMMUNITY FOUNDATION?
- The 990 for the year ended December 31, 2024 names RICHARD E H WENTZ.
- Who are the officers and directors of THE SOUTHEAST VIRGINIA COMMUNITY FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 16 people; 1 received compensation from the organization, the highest $67,400 (RICHARD E H WENTZ, CEO).
- How much revenue does THE SOUTHEAST VIRGINIA COMMUNITY FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,521,800, expenses of $919,484 and total assets of $18,286,819 at year end.
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