LYNCHBURG COMMUNITY ACTION GROUP I GROUP INC

EIN: 540797340 501(c)(3)

LYNCHBURG, VA

Total Revenue
$4,406,041
Total Expenses
$4,323,890
Total Assets
$1,340,270
Net Assets
$1,027,485
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Principal Officer
SANDRA FERGUSON
Phone
4348462778
Tax Period
2023-01-01 to 2023-12-31

LYNCHBURG COMMUNITY ACTION GROUP I GROUP INC is a community nonprofit that reported $5.7M in total revenue in fiscal year 2018.

Mission

LYNCHBURG COMMUNITY ACTION GROUP, INC. IS A NONPROFIT CORPORATION ORGANIZED TO CARRY OUT COMMUNITY ACTION PROGRAMS WHICH ARE GENERALLY FUNDED BY REVENUE FROM AGENCY PROGRAMS AND GRANTS FROM LOCAL, STATE AND FEDERAL AGENCIES. SUCH GRANTS USUALLY REQUIRES COMPLIANCE WITH PRESCRIBED GRANT CONDITIONS AND OTHER SPECIAL REQUIREMENTS, INCLUDING THE FURNISHING OF CERTAIN AMOUNTS OF CASH OR NONCASH CONTRIBUTIONS.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,216,670
Program Service Revenue $35,138
Investment Income $128,214
Other Revenue $26,019
TOTAL REVENUE $4,406,041

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,517,170
Fundraising Expenses $0
Program Expenses $4,024,933
Other Expenses $1,806,720
TOTAL EXPENSES $4,323,890

Year-over-Year Comparison

2023 2022 Change
Revenue $4,406,041 $4,188,076 +0.1%
Expenses $4,323,890 $4,500,798 0.0%
Net Income $82,151 $-312,722 -1.3%
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
13
Independent Members
13
Employees
87
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
0
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR ROBERT BASHORE VICE-CHAIRPE N/A
Director
$0 $0 $0
TAISHA BRADLEY BOD MEMBER N/A
Director
$0 $0 $0
MILTON CHAMBERS BOD MEMBER N/A
Director
$0 $0 $0
JIM CHILDRESS BOD MEMBER N/A
Director
$0 $0 $0
MARY JANE DOLAN BOD MEMBER N/A
Director
$0 $0 $0
BRENDA FARMER BOD MEMBER N/A
Director
$0 $0 $0
DESIREE MICKY FERGUSON BOD SECRETAR N/A
Director
$0 $0 $0
REGINALD HERNDON BOD MEMBER N/A
Director
$0 $0 $0
SCOTT HORCHLER BOD MEMBER N/A
Director
$0 $0 $0
GRACIE JOHNSON BOD MEMBER N/A
Director
$0 $0 $0
PRISCILLA LIGGON BOD CHAIRPER N/A
Director
$0 $0 $0
REV DENNIS ROBERTS BOD MEMBER N/A
Director
$0 $0 $0
TRAE WATKINS BOD MEMBER N/A
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
2023 $4,406,041 $4,323,890 $1,340,270 $82,151
2022 $4,188,076 $4,500,798 $1,307,747 $-312,722
2021 $5,741,499 $5,425,997 $1,565,156 $315,502
2020 $5,547,829 $5,564,788 $1,554,949 $-16,959
2019 $6,096,437 $6,127,823 $1,579,178 $-31,386
2018 $5,678,916 $5,745,233 $1,942,268 $-66,317
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