THE SOUTHEAST VIRGINIA COMMUNITY FOUNDATION

EIN: 272529017 501(c)(3)

CHESAPEAKE, VA

Total Revenue
$1,521,800
Total Expenses
$919,484
Total Assets
$18,286,819
Net Assets
$16,046,224
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
VA
Principal Officer
RICHARD E H WENTZ
Phone
7573975424
Tax Period
2024-01-01 to 2024-12-31

THE SOUTHEAST VIRGINIA COMMUNITY FOUNDATION, founded in 2010, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2024. Revenue surged 469% from the prior year, signaling strong growth momentum. The organization ran a surplus of $602K, a strong 40% operating margin.

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 Service Accomplishments

Program 1
Expenses: $562,375

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...

Read more

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.)

Program 2
Expenses: $73,411

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...

Read more

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.

Program 3
Expenses: $244,299

DONOR EDUCATION AND OTHER PROGRAMS

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $300,206
Program Service Revenue $0
Investment Income $989,966
Other Revenue $231,628
TOTAL REVENUE $1,521,800

Expense Breakdown

Grants Paid $635,786
Salaries & Benefits $184,649
Fundraising Expenses $5,863
Program Expenses $880,085
Other Expenses $99,049
TOTAL EXPENSES $919,484

Year-over-Year Comparison

2024 2023 Change
Revenue $1,521,800 $267,674 +4.7%
Expenses $919,484 $1,249,304 -0.3%
Net Income $602,316 $-981,630 -1.6%
Key Indicators
✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✓ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
15
Independent Members
15
Employees
3
Volunteers
15

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✓ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
9
$67,400
Total Directors
16
$67,400
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AMY W FOLKES PAST PRES. 3.00
Officer Director
$0 $0 $0
TIMOTHY S CULPEPPER PAST PRES. 3.00
Officer Director
$0 $0 $0
RICHARD E H WENTZ CEO 40.00
Officer Director
$67,400 $0 $67,400
STEPHEN KORVING PRESIDENT 3.00
Officer Director
$0 $0 $0
MICHELLE BUTLER SECRETARY 3.00
Officer Director
$0 $0 $0
CARL L HARDEE VICE PRESIDE 3.00
Officer Director
$0 $0 $0
CHARLES G HACKWORTH SR OFFICER 3.00
Officer Director
$0 $0 $0
THOMAS E WOOD OFFICER 3.00
Officer Director
$0 $0 $0
CAROLYN BERNARD DIRECTOR 1.00
Director
$0 $0 $0
DORIS COBB TREASURER 1.00
Officer Director
$0 $0 $0
BETT CORNETTA DIRECTOR 1.00
Director
$0 $0 $0
ASHTON LEWIS JR DIRECTOR 1.00
Director
$0 $0 $0
SCOTT MATHESON DIRECTOR 1.00
Director
$0 $0 $0
DR JOE RAMPERSAD DIRECTOR 1.00
Director
$0 $0 $0
EMILY ROBBINS DIRECTOR 1.00
Director
$0 $0 $0
CLAY ROBERTSON DIRECTOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $1,521,800 $919,484 $18,286,819 $602,316
2023 $267,674 $1,249,304 $16,891,410 $-981,630
2022 $921,181 $1,194,480 $15,296,794 $-273,299
2021 $2,013,297 $1,214,837 $18,769,876 $798,460
2020 $1,944,868 $1,139,355 $16,851,243 $805,513
2019 $2,210,649 $1,223,195 $15,048,351 $987,454
2018 $1,360,635 $1,182,099 $12,673,743 $178,536
Explore More Nonprofits
→Top 100 Nonprofits in Virginia →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare THE SOUTHEAST VIRGINIA COMMUNITY FOUNDATION with other nonprofits in Virginia and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.