FRIENDS OF SOUTHWEST VIRGINIA

EIN: 364686736 501(c)(3) Arts, Culture & Humanities

ABINGDON, VA

Total Revenue
$2,001,513
Total Expenses
$1,890,738
Total Assets
$1,188,402
Net Assets
$227,214
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
VA
Principal Officer
KIMBERLY DAVIS
Phone
2764922400
Tax Period
2024-07-01 to 2025-06-30

FRIENDS OF SOUTHWEST VIRGINIA, founded in 2010, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.8M in total revenue in fiscal year 2017.

Mission

THE MISSION OF FRIENDS OF SWVA IS: 1. TO PRESERVE, PROMOTE, AND PRESENT THE CULTUAL AND NATURAL ASSETS OF SWVA 2. TO WORK IN PARTNERSHIP IN THE REGION TO GENERATE ECONOMIC DEVELOPMENT THROUGH THESE EFFORTS 3. TO PROVIDE EDUCATIONAL AND CULTURAL OPPORTUNITITES FOR THE GENERAL PUBLIC AND STUDENTS IN THE REGION 4. TO SHOWCASE THE CULTURAL ASSETS OF SWVA AT THE HEARTWOOD ARTISAN GATEWAY

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,463,044
Program Service Revenue $268,699
Investment Income $1,055
Other Revenue $268,715
TOTAL REVENUE $2,001,513

Expense Breakdown

Grants Paid $0
Salaries & Benefits $272,047
Fundraising Expenses $0
Program Expenses $1,448,408
Other Expenses $1,618,691
TOTAL EXPENSES $1,890,738

Year-over-Year Comparison

2024 2023 Change
Revenue $2,001,513 $2,223,530 -0.1%
Expenses $1,890,738 $2,284,320 -0.2%
Net Income $110,775 $-60,790 -2.8%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Governance

Voting Members
15
Independent Members
15
Employees
12
Volunteers
N/A

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
5
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JIMMY ADKINS SECRETARY N/A
Officer Director
$0 $0 $0
MICHAEL ARMBRISTER DIRECTOR N/A
Director
$0 $0 $0
LARRY BARTON DIRECTOR N/A
Director
$0 $0 $0
MAGGIE BEAL DIRECTOR N/A
Director
$0 $0 $0
SHANNON BLEVINS DIRECTOR N/A
Director
$0 $0 $0
JOHN KILGORE DIRECTOR N/A
Director
$0 $0 $0
STEPHEN LAWSON VICE CHAIR N/A
Officer Director
$0 $0 $0
AMANDA LIVINGSTON TREASURER N/A
Officer Director
$0 $0 $0
LYDENNA MARTIN DIRECTOR N/A
Director
$0 $0 $0
ALLISON MAYS DIRECTOR N/A
Director
$0 $0 $0
RITA MCCLENNY DIRECTOR N/A
Director
$0 $0 $0
WILL MOREFIELD DIRECTOR N/A
Director
$0 $0 $0
BRYCE SIMMONS DIRECTOR N/A
Director
$0 $0 $0
AARON SIZEMORE CHAIR N/A
Officer Director
$0 $0 $0
TODD WOLFORD DIRECTOR N/A
Director
$0 $0 $0
KIMBERLY DAVIS EXECUTIVE DI N/A
Officer
$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
2025 $2,001,513 $1,890,738 $1,188,402 $110,775
2023 $2,102,486 $2,138,107 $1,211,982 $-35,621
2023 $2,223,530 $2,284,320 $1,230,128 $-60,790
2022 $1,695,532 $1,483,686 $1,122,100 $211,846
2021 $1,652,284 $1,586,342 $1,181,725 $65,942
2020 $1,751,052 $1,743,278 $817,690 $7,774
2019 $2,028,287 $2,013,951 $759,447 $14,336
2018 $1,778,462 $1,856,964 $831,476 $-78,502
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