PLATINUM2024

COMMUNITY FOUNDATION FOR LOUDOUN AND NORTHERN FAUQUIER COUNTIES

We Grow Community Giving

aka Piedmont Community Foundation   |   Leesburg, VA   |  www.communityfoundationlf.org
GuideStar Charity Check

COMMUNITY FOUNDATION FOR LOUDOUN AND NORTHERN FAUQUIER COUNTIES

EIN: 54-1950727


Mission

Our Mission is to grow community giving through grantmaking, leadership, and partnerships.

Notes from the nonprofit

In 2013, we changed our name to better describe where we do our work: Community Foundation for Loudoun and Northern Fauquier Counties.

Ruling year info

1999

President and CEO

Ms. Nicole Acosta

Main address

P. O. Box 342

Leesburg, VA 20178 USA

Show more contact info

EIN

54-1950727

Subject area info

Arts and culture

Education

Environment

Health

Community and economic development

Show more subject areas

Population served info

Children and youth

Low-income people

NTEE code info

Community Foundations (T31)

Fund Raising and/or Fund Distribution (E12)

What we aim to solve

SOURCE: Self-reported by organization

We are focused on three key areas: first, building local endowment to better resource our community. Second, adding to the knowledge and capacity of the nonprofit organizations serving our footprint. And, third, our varied leadership programs including addressing racism and racial equity.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Nonprofit Academy

In partnership with the Loudoun Chamber of Commerce, the Nonprofit Academy is a capacity building workshop series to benefit area nonprofit charities with such topics as human resources, administration, fundraising, and marketing and communications.

Population(s) Served
Adults

Empowering youth as grantmakers in our community.

Population(s) Served
Adolescents

We convene varied stakeholders to work on community assessments of need and help find solutions to meet that need. Our work as a convener includes our annual Philanthropy Summit, convening local stakeholders and philanthropists to explore local needs and collective solutions.

Population(s) Served
Adults

A 24-hour charitable crowdfunding event to benefit local nonprofits

Population(s) Served
Adults

The Social Impact Institute provides leadership development and capacity building opportunities for local nonprofits. Programs have included executive coaching for nonprofit leaders; full-day Learning Lab workshops on grantwriting and board development; fundraising coaching and consulting, and strategic planning.

Population(s) Served
Adults

To assist our local community with emergency support for individuals and families as well as the nonprofits who serve the vulnerable populations with funding and services.

Population(s) Served
Adults
Economically disadvantaged people

To support and advance the internal practices and external processes of our nonprofit community to advance racial equity, diversity, inclusion and accessibility. Workshops and consulting opportunities are offered annually to local nonprofits.

Population(s) Served
Adults

Where we work

Accreditations

Council on Foundations Accredited

Accredited Community Foundation - National Standards for US Community Foundations 2023

Awards

Nonprofit of the Year 2017

Loudoun County Chamber of Commerce Small Business Awards

Entrepreneur of the Year 2018

Loudoun County Chamber of Commerce

Stronger Together COVID-19 Award 2021

Loudoun County Chamber of Commerce

Affiliations & memberships

Loudoun County Chamber of Commerce 2024

Virginia Funders Network 2024

Accreditation - National Standards for US Community Foundations 2023

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Total number of grants awarded

This metric is no longer tracked.
Totals By Year
Population(s) Served

Ethnic and racial groups, Health, Social and economic status

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

In 2020, we set records with $2.25 million in grantmaking meeting extraordinary needs related to COVID. In 2022, we granted $2.6 million. In 2023, we granted $1.79 million.

Number of leadership positions held by organization staff in community initiatives

This metric is no longer tracked.
Totals By Year
Type of Metric

Output - describing our activities and reach

Direction of Success

Holding steady

Context Notes

Our staff participants in key leadership initiatives locally and regionally.

Total dollars granted to organizations

This metric is no longer tracked.
Totals By Year
Related Program

Give Choose

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Number of volunteer management professionals trained

This metric is no longer tracked.
Totals By Year
Related Program

Nonprofit Academy

Type of Metric

Output - describing our activities and reach

Direction of Success

Holding steady

Number of nonprofit leaders coached

This metric is no longer tracked.
Totals By Year
Related Program

Social Impact Institute

Type of Metric

Outcome - describing the effects on people or issues

Direction of Success

Holding steady

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

To increase local grant making and donor involvement in our footprint. We hope to increase endowment by a minimum of $1 million annually to better fuel our annual grantmaking ability and leadership development programs.

Working with area professional advisors through one-on-one relationships
Offering third party investment options
Creating and supporting a local estate planning council
Reach out to philanthropically inclined households
Offering the unique line up of fund instruments: field of interest, donor advised, scholarship, designated, agency, unrestricted, and shell agreements
Engaging knowledgeable trainers and experts on related subject matter
Training nonprofit leaders
Providing educational opportunities for charitably minded people

We offer knowledge based workshops and trainings on a series of topics including fundraising, HR/finance, and marketing outreach. Each year, we train 300 people on a range of topics
We offer programs on racial equity and leadership development
Our grantmaking is strategic and highly interactive with our fund holders and donors. In 2023, granted out more than $1.7 Million into our community.

Increased number of funds as well as increased assets under management. Our assets have grown to $10 million under management. We plan for careful stewardship of our assets with a published rate of return and very low overhead is cornerstone to our work. We offer a cornerstone program on racial equity.

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

done We shared information about our current feedback practices.
  • How is your organization using feedback from the people you serve?

    To identify and remedy poor client service experiences, To make fundamental changes to our programs and/or operations, To inform the development of new programs/projects, To strengthen relationships with the people we serve

  • Which of the following feedback practices does your organization routinely carry out?

  • What challenges does the organization face when collecting feedback?

    We don't have any major challenges to collecting feedback

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

8.48

Average of 10.87 over 10 years

Months of cash in 2022 info

SOURCE: IRS Form 990

5

Average of 9.6 over 10 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

14%

Average of 9% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

COMMUNITY FOUNDATION FOR LOUDOUN AND NORTHERN FAUQUIER COUNTIES

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

COMMUNITY FOUNDATION FOR LOUDOUN AND NORTHERN FAUQUIER COUNTIES

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

COMMUNITY FOUNDATION FOR LOUDOUN AND NORTHERN FAUQUIER COUNTIES

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of COMMUNITY FOUNDATION FOR LOUDOUN AND NORTHERN FAUQUIER COUNTIES’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

Created in partnership with

Business model indicators

Profitability info 2018 2019 2020 2021 2022
Unrestricted surplus (deficit) before depreciation $1,176,475 $2,442,667 $1,518,561 $1,654,687 -$1,706,099
As % of expenses 80.8% 132.4% 50.8% 60.0% -48.2%
Unrestricted surplus (deficit) after depreciation $1,176,475 $2,440,335 $1,509,232 $1,644,756 -$1,716,331
As % of expenses 80.8% 132.1% 50.4% 59.4% -48.4%
Revenue composition info
Total revenue (unrestricted & restricted) $3,317,303 $3,818,093 $3,841,205 $3,550,320 $3,492,308
Total revenue, % change over prior year 53.2% 15.1% 0.6% -7.6% -1.6%
Program services revenue 0.0% 0.3% 0.0% 0.8% 0.1%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 3.5% 3.6% 3.2% 5.6% 6.6%
Government grants 0.0% 0.0% 0.0% 0.0% 0.0%
All other grants and contributions 92.4% 96.3% 96.8% 91.9% 86.5%
Other revenue 4.1% -0.2% 0.0% 1.7% 6.7%
Expense composition info
Total expenses before depreciation $1,456,096 $1,845,382 $2,986,378 $2,758,987 $3,537,157
Total expenses, % change over prior year 16.6% 26.7% 61.8% -7.6% 28.2%
Personnel 11.2% 12.2% 8.3% 10.5% 9.0%
Professional fees 1.9% 2.0% 2.1% 8.8% 7.5%
Occupancy 0.1% 2.3% 2.5% 3.4% 2.9%
Interest 0.0% 0.0% 0.0% 0.0% 0.0%
Pass-through 73.6% 64.2% 75.6% 66.3% 75.2%
All other expenses 13.2% 19.2% 11.5% 11.0% 5.5%
Full cost components (estimated) info 2018 2019 2020 2021 2022
Total expenses (after depreciation) $1,456,096 $1,847,714 $2,995,707 $2,768,918 $3,547,389
One month of savings $121,341 $153,782 $248,865 $229,916 $294,763
Debt principal payment $0 $0 $0 $0 $0
Fixed asset additions $0 $74,906 $0 $0 $0
Total full costs (estimated) $1,577,437 $2,076,402 $3,244,572 $2,998,834 $3,842,152

Capital structure indicators

Liquidity info 2018 2019 2020 2021 2022
Months of cash 10.7 10.6 6.6 6.7 5.0
Months of cash and investments 47.4 52.1 38.6 49.3 33.3
Months of estimated liquid unrestricted net assets 42.9 49.3 36.5 46.7 30.7
Balance sheet composition info 2018 2019 2020 2021 2022
Cash $1,296,103 $1,625,462 $1,645,650 $1,547,644 $1,485,962
Investments $4,452,418 $6,393,669 $7,958,892 $9,784,993 $8,334,977
Receivables $175,000 $454,998 $372,932 $366,424 $25,453
Gross land, buildings, equipment (LBE) $1,890 $76,796 $76,797 $81,308 $81,308
Accumulated depreciation (as a % of LBE) 100.0% 5.5% 17.6% 28.9% 41.5%
Liabilities (as a % of assets) 7.0% 5.4% 5.3% 5.1% 11.0%
Unrestricted net assets $5,208,861 $7,649,196 $9,158,428 $10,803,184 $9,086,853
Temporarily restricted net assets $308,350 N/A N/A N/A N/A
Permanently restricted net assets $0 N/A N/A N/A N/A
Total restricted net assets $308,350 $456,600 $372,932 $366,424 $325,000
Total net assets $5,517,211 $8,105,796 $9,531,360 $11,169,608 $9,411,853

Key data checks

Key data checks info 2018 2019 2020 2021 2022
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Form 1023/1024 is not available for this organization

President and CEO

Ms. Nicole Acosta

With more than 2 2years experience in nonprofit fundraising and program management, Amy also brings her experience with a sister community foundation to the Community Foundation for Loudoun and Northern Fauquier Counties (formerly known as Piedmont Community Foundation).

Number of employees

Source: IRS Form 990

COMMUNITY FOUNDATION FOR LOUDOUN AND NORTHERN FAUQUIER COUNTIES

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

COMMUNITY FOUNDATION FOR LOUDOUN AND NORTHERN FAUQUIER COUNTIES

Board of directors
as of 02/01/2024
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Mr. Paul Siker

HR and Talent Recruiting

Term: 2024 - 2021

Teresa Minchew

Real Estate, History, Community Volunteer

Tracey White

HCA Stone Springs Hospital

Andy Johnston

PATH Foundation

Janelle Brevard

National Association of REALTORS

Charmaine Bushrod

Kaiser Permanente

Jaclyn O'Brien

Fresh Eye Solutions

Tim Thompson

Office of General Counsel

Eric Showalter

Arbor Private Wealth

Lara Major

Teacher and Community Volunteer

Tracey Lacey, Ph.D.

Foreign Service Institute

Sheila Escobedo Yusufi

Community Relations Coordinator, Northern Virginia Community College – Loudoun Campus

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? Yes

Organizational demographics

SOURCE: Self-reported; last updated 2/1/2024

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Female, Not transgender
Sexual orientation
Heterosexual or Straight
Disability status
Person without a disability

Race & ethnicity

Gender identity

Transgender Identity

Sexual orientation

No data

Disability

No data

Equity strategies

Last updated: 02/01/2021

GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more

Data
  • We ask team members to identify racial disparities in their programs and / or portfolios.
  • We disaggregate data to adjust programming goals to keep pace with changing needs of the communities we support.
  • We employ non-traditional ways of gathering feedback on programs and trainings, which may include interviews, roundtables, and external reviews with/by community stakeholders.
  • We have long-term strategic plans and measurable goals for creating a culture such that one’s race identity has no influence on how they fare within the organization.
Policies and processes
  • We seek individuals from various race backgrounds for board and executive director/CEO positions within our organization.
  • We have community representation at the board level, either on the board itself or through a community advisory board.
  • We help senior leadership understand how to be inclusive leaders with learning approaches that emphasize reflection, iteration, and adaptability.
  • We engage everyone, from the board to staff levels of the organization, in race equity work and ensure that individuals understand their roles in creating culture such that one’s race identity has no influence on how they fare within the organization.