The Family Foundation of Virginia

EIN: 521425355 501(c)(3) Education

Richmond, VA

Total Revenue
$2,476,186
Total Expenses
$2,127,286
Total Assets
$3,202,702
Net Assets
$2,941,126
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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
VA
Principal Officer
Victoria Cobb
Phone
8043430010
Tax Period
2024-07-01 to 2025-06-30

The Family Foundation of Virginia, founded in 1985, is a community nonprofit in the Education sector that reported $2.5M in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $2.1M left a modest 14% surplus.

Mission

The Family Foundation provides research and education on issues affecting Virginia families.

Program Service Accomplishments

Program 1
Expenses: $927,578

The Foundation provides research and education on issues affecting the family to more than 200,000 Virginians, the media, and elected officials. It produces reports and issues briefs on family impact...

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The Foundation provides research and education on issues affecting the family to more than 200,000 Virginians, the media, and elected officials. It produces reports and issues briefs on family impact issues, holds regional citizen briefings and training, brings national speakers to Virginia to speak on family issues, operates a full time constituent service office for Virginia families and a citizen resource library.

Program 2
Expenses: $312,690

Founding Freedoms Law Center was formed to provide a counterbalance to threats against Virginians fundamental liberties, especially the right to life, the freedom to peaceably assemble, the free...

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Founding Freedoms Law Center was formed to provide a counterbalance to threats against Virginians fundamental liberties, especially the right to life, the freedom to peaceably assemble, the free exercise of religion, the rights of conscience, and the rights of parents to raise their children consistent with their values. The Law Center also serves as a check against overreaching governments and to defend the individuals and institutions whose rights need vindicating.

Program 3
Expenses: $124,331

The Church Ambassador Network (CAN) is a ministry arm of The Family Foundation through which pastors connect to both The Family Foundation and other like-minded pastors. CAN is denominationally...

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The Church Ambassador Network (CAN) is a ministry arm of The Family Foundation through which pastors connect to both The Family Foundation and other like-minded pastors. CAN is denominationally, regionally and ethnically diverse, attempting to illustrate a unity in the body of Christ on pro-family issues. The Church Ambassador Network exists to support and minister to pastors as they lead their congregation. Through the CAN, clergy can receive resources such as Sermon Assistance (including video and manuscript support), Chaplain Blog, Video Content, Bulletin Inserts, Virginia General Assembly Update, Ministry Pulse: 2-minute pastor interviews on various topics, and Culture Impact Teams.

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,965,815
Program Service Revenue $0
Investment Income $19,819
Other Revenue $490,552
TOTAL REVENUE $2,476,186

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,354,313
Fundraising Expenses $478,071
Program Expenses $1,364,599
Other Expenses $772,973
TOTAL EXPENSES $2,127,286

Year-over-Year Comparison

2024 2023 Change
Revenue $2,476,186 $1,903,812 +0.3%
Expenses $2,127,286 $2,049,597 +0.0%
Net Income $348,900 $-145,785 -3.4%
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
16
Independent Members
15
Employees
25
Volunteers
75

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
4
$156,000
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jon Loftis Chairman 3.00
Officer Director
$0 $0 $0
Rebecca Disoway Director 1.00
Director
$0 $0 $0
Dean Nichols Treasurer 2.00
Officer Director
$0 $0 $0
Sharon Griffin Secretary 1.00
Officer Director
$0 $0 $0
John Disosway Immediate Past Chairman 1.00
Director
$0 $0 $0
William Phillips Board Governance Chair 1.00
Director
$0 $0 $0
Walter Cox Development Chair 1.00
Director
$0 $0 $0
Ty Fabling Policy Chair 1.00
Director
$0 $0 $0
Chris Meyer Law Center Chair 1.00
Director
$0 $0 $0
Charles Kohstall Grassroots Chair 1.00
Director
$0 $0 $0
Diana Banister Director 1.00
Director
$0 $0 $0
Louis Monacell Director 1.00
Director
$0 $0 $0
Kathy Dean Director 1.00
Director
$0 $0 $0
Pam Pryor Director 1.00
Director
$0 $0 $0
Margaret Simms Director 1.00
Director
$0 $0 $0
Victoria Cobb President 35.00
Officer
$156,000 $0 $156,000
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 $2,476,186 $2,127,286 $3,202,702 $348,900
2024 $1,903,812 $2,049,597 $2,883,430 $-145,785
2023 $1,622,892 $1,747,375 $3,093,248 $-124,483
2022 $2,384,490 $1,783,529 $3,207,309 $600,961
2021 $1,813,311 $1,405,733 $3,436,789 $407,578
2020 $1,803,215 $1,346,037 $2,903,402 $457,178
2019 $1,140,077 $1,057,941 $1,534,345 $82,136
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