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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Tuckman-Chang Vulnerability Assessment

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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 $1.1M in total revenue in fiscal year 2018. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $1.1M left a modest 7% surplus.

Mission

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

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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 $1,965,815
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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