Nonprofit · EIN 54-2057957
PENINSULA COMMUNITY FOUNDATION OF VIRGINIA
Tax-exempt · HAMPTON, VA 23669
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,457,197 | $3,124,652 | $332,545 | $18,100,792 | $26,053 | $18,074,739 |
| December 31, 2023 | 990 | $3,631,159 | $2,832,937 | $798,222 | $16,946,280 | $29,793 | $16,916,487 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,096,809
- Program service revenue
- $205,843
- Investment income
- $1,154,545
- Net gain from sales of assets
- $715,997
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $2,250,285
- Compensation of officers, directors and key employees
- $158,713
- Other salaries and wages
- $157,809
- Salaries, compensation and benefits (total)
- $349,744
- Professional fundraising fees
- $0
- Legal fees
- $1,610
- Accounting fees
- $16,090
- Occupancy
- $8,308
- Travel
- $860
- Depreciation
- $10,667
- Program services (functional)
- $2,766,543
- Management and general (functional)
- $275,553
- Fundraising (functional)
- $82,556
Balance sheet and other
- Total assets, start of year
- $16,946,280
- Total assets, end of year
- $18,100,792
- Total liabilities, end of year
- $26,053
- Net assets, end of year
- $18,074,739
- Land, buildings and equipment
- $270,687
- Publicly traded securities
- $16,938,339
- Net assets without donor restrictions
- $8,358,615
- Net assets with donor restrictions
- $9,716,124
- Gross receipts
- $10,571,019
- Employees
- 6
- Year formed
- 2002
- 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 |
|---|---|---|---|
| MICHAEL A MONTEITH | CEO/CFO Trustee or director, Officer | 40 | $0 |
| RETIRED GENERAL WALLACE ARNOLD | DIRECTOR Trustee or director | 0.38 | $0 |
| ATTORNEY LAWRENCE G CUMMING | BOARD TREASU Trustee or director | 0.38 | $0 |
| JACK L EZZELL JR | DIRECTOR Trustee or director | 0.38 | $0 |
| RICK GALLAER | DIRECTOR Trustee or director | 0.38 | $0 |
| GORDON L GENTRY JR | DIRECTOR EME Trustee or director | 0.38 | $0 |
| GREGORY F LAWSON CPA ABV | BOARD PRESID Trustee or director | 0.38 | $0 |
| SHEILA S NOLL | BOARD SECRET Trustee or director | 0.38 | $0 |
| ATTORNEY DONALD N PATTEN | DIRECTOR Trustee or director | 0.38 | $0 |
| RICHARD J PEARCE | DIRECTOR EME Trustee or director | 0.38 | $0 |
| NANCY PETTERS | DIRECTOR Trustee or director | 0.38 | $0 |
| ANNA VAN BUREN | DIRECTOR Trustee or director | 0.38 | $0 |
| JEFFREY D WASSMER | DIRECTOR Trustee or director | 0.38 | $0 |
| ALAN S WITT | DIRECTOR Trustee or director | 0.38 | $0 |
| CHRISTINE SNEAD | DIRECTOR Trustee or director | 0.38 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL A MONTEITH | CEO/CFO Trustee or director, Officer | 40 | $149,974 |
| RETIRED GENERAL WALLACE ARNOLD | DIRECTOR Trustee or director | 0.38 | $0 |
| ATTORNEY LAWRENCE G CUMMING | BOARD TREASU Trustee or director | 0.38 | $0 |
| JACK L EZZELL JR | DIRECTOR Trustee or director | 0.38 | $0 |
| RICK GALLAER | DIRECTOR Trustee or director | 0.38 | $0 |
| GORDON L GENTRY JR | DIRECTOR EME Trustee or director | 0.38 | $0 |
| GREGORY F LAWSON CPA ABV | BOARD PRESID Trustee or director | 0.38 | $0 |
| SHEILA S NOLL | BOARD SECRET Trustee or director | 0.38 | $0 |
| ATTORNEY DONALD N PATTEN | DIRECTOR Trustee or director | 0.38 | $0 |
| RICHARD J PEARCE | DIRECTOR EME Trustee or director | 0.38 | $0 |
| NANCY PETTERS | DIRECTOR Trustee or director | 0.38 | $0 |
| ANNA VAN BUREN | DIRECTOR Trustee or director | 0.38 | $0 |
| JEFFREY D WASSMER | DIRECTOR Trustee or director | 0.38 | $0 |
| ALAN S WITT | DIRECTOR Trustee or director | 0.38 | $0 |
| CHRISTINE SNEAD | DIRECTOR Trustee or director | 0.38 | $0 |
Address and contacts
- Address (IRS master file)
- 48 W QUEENS WAY, HAMPTON, VA 23669-4012
- Principal officer (990 for 2024)
- ADELIA THOMPSON
- Signed the 990
- ADELIA THOMPSON, CEO
- Phone
- (757) 327-0862
- Website
- WWW.PCFVIRGINIA.ORG
- Return prepared by
- A ROHM SMITH & COMPANY
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.
Program accomplishments
- THE FOUNDATION MAKES GRANTS TO NONPROFIT ORGANIZATIONS FROM UNRESTRICTED AND DONOR-ADVISED FUNDS PRIMARILY FOR THE BROAD-BASED CHARITABLE BENEFIT OF THE RESIDENTS OF THE VIRGINIA PENINSULA.Expenses $2,445,256 · grants $1,928,998
- THE FOUNDATION PROVIDED ASSISTANCE TO 48 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.Expenses $131,703 · grants $131,703
- THE FOUNDATION PROVIDED COLLEGE SCHOLARSHIPS TO 213 STUDENTS THROUGH VARIOUS DONOR ADVISED FUNDS.Expenses $189,584 · grants $189,584
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
- 54-2057957
- 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
- 2002
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T31)
- Assets (IRS master file)
- $18,100,792
- Income (IRS master file)
- $10,571,019
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,457,197 | $3,124,652 | $18,100,792 | XML |
| 990 | December 2023 | $3,631,159 | $2,832,937 | $16,946,280 | XML |
| 990 | December 2022 | $2,572,824 | $2,744,440 | $15,686,909 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 54-2057957).
Questions about PENINSULA COMMUNITY FOUNDATION OF VIRGINIA
- What is the EIN of PENINSULA COMMUNITY FOUNDATION OF VIRGINIA?
- The employer identification number (EIN) of PENINSULA COMMUNITY FOUNDATION OF VIRGINIA is 54-2057957.
- Is PENINSULA COMMUNITY FOUNDATION OF VIRGINIA tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to PENINSULA COMMUNITY FOUNDATION OF VIRGINIA tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PENINSULA COMMUNITY FOUNDATION OF VIRGINIA 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 PENINSULA COMMUNITY FOUNDATION OF VIRGINIA 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 PENINSULA COMMUNITY FOUNDATION OF VIRGINIA 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 PENINSULA COMMUNITY FOUNDATION OF VIRGINIA?
- The 990 for the year ended December 31, 2024 names ADELIA THOMPSON.
- Who are the officers and directors of PENINSULA COMMUNITY FOUNDATION OF VIRGINIA?
- The 990 for the year ended December 31, 2024 lists 15 people; 0 received compensation from the organization.
- How much revenue does PENINSULA COMMUNITY FOUNDATION OF VIRGINIA have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,457,197, expenses of $3,124,652 and total assets of $18,100,792 at year end.
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