CFNOVA is a community foundation based in Oakton, VA that was founded in 1978. As of 2019 they had $24 million in revenue and $72 million in assets.
Community Foundation for Northern Virginia's mission is to grow philanthropy to help meet the most critical needs of the community.
Donor advised funds: the community foundation offers donor advised funds (dafs) to donors in the region. A daf is a type of charitable giving fund that is established by a donor to support a cause or causes that the donor cares about. Dafs allow donors to remain involved in active charitable giving by retaining "advisory privileges" to recommend how the community foundation should make grants from that fund. For the year ending june 30, 2019 , the community foundation held 160 separate donor advised funds that awarded $4,344,429 in total grants.
Discretionary grant funds: in addition to donor advised funds and scholarship funds, the community foundation continuously develops and builds discretionary funds that help respond to local need and seed innovation in the region. Discretionary funds include our community investment funds which help relieve the suffering caused by poverty, level the playing field for local children and youth, provide access to health care and mental health care, create job opportunities for our most vulnerable and marginalized residents, help seniors age in place, and help military families attain financial security. Our innovation fund helps launch new cybersecurity and coding courses of study in local public schools and support programs with innovative approaches to stem education across northern Virginia. Our health kids grants are awarded to public schools to support programs that promote better nutrition or encourage more activity for their students. And our permanent fund is a permanent community endowment intended to ...
Scholarship funds: the community foundation manages and administers 28 scholarship funds established by individual donors that help graduating high school seniors with financial challenges attend 2 and 4 year colleges and universities. For the year ending june 30, 2019, the community foundation awarded $305,074 in total scholarships to 85 students.
| Fiscal year ending | Date received by IRS | Form | PDF link |
|---|---|---|---|
| 2019-06 | Feb 7, 2020 | 990 | View PDF |
| 2018-06 | Feb 21, 2019 | 990 | View PDF |
| 2017-06 | Dec 22, 2017 | 990 | View PDF |
| 2016-06 | Aug 3, 2017 | 990 | View PDF |
| 2015-06 | Aug 1, 2016 | 990 | View PDF |
| ...and five more Form 990 PDFs | |||
| Field | 2019 |
|---|---|
| Total grants, contributions, etc. | $20,058,694 |
| Program services | $675,873 |
| Investment income and dividends | $1,719,313 |
| Tax-exempt bond proceeds | $0 |
| Royalty revenue | $0 |
| Net rental income | $0 |
| Net gain from sale of non-inventory assets | $1,988,197 |
| Net income from fundraising events | $41,131 |
| Net income from gaming activities | $0 |
| Net income from sales of inventory | $0 |
| Miscellaneous revenues | $11,700 |
| Total revenues | $24,494,908 |
| Vendor | Services | Amount paid | Date |
|---|---|---|---|
| Constant Contact | Marketing software | 2020-06-16 | |
| ████████ ████████████ | Software | 2020-06-16 | |
| ██████ ███ ███████ ███ ██ | Tax accounting | 2020-02-07 | |
| ███ ███ ███ | Tax accounting | 2014-06-26 |
| Name | Title | Compensation | Most recent data |
|---|---|---|---|
| Eileen Ellsworth | President and Chief Executive Officer | $208,750 | Feb. 7, 2020 |
| Gino Zaccardelli | General Counsel | $0 | June 30, 2019 |
| ████ ████████ | Director and Secretary | $0 | May 20, 2020 |
| ███████ ███████ | Director and Vice Chairman | $0 | May 20, 2020 |
| ████ ████████ | Treasurer | $0 | June 30, 2019 |
| █████ █ ███████ | Chair | $0 | June 30, 2019 |
| ███████ █ █████████ | Director and Treasurer | $0 | June 30, 2016 |
| ████ ███████ | Director and Chairman | $0 | June 30, 2015 |
| █████ ████████ | Director and Treasurer | $0 | June 30, 2015 |
| ████ ███ ████ | Director and Chairman | $0 | June 30, 2014 |
| ...and two more key personnel | |||