Columbia Foundation

EIN: 541031403 501(c)(3) Religion

Falls Church, VA

Total Revenue
$42,914
Total Expenses
$70,532
Total Assets
$1,721,968
Net Assets
$1,721,968
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1976
Legal Domicile
VA
Principal Officer
Richard Stephenson
Phone
7035368044
Tax Period
2024-01-01 to 2024-12-31

Columbia Foundation, founded in 1976, is a micro nonprofit in the Religion sector that reported $43K in total revenue in fiscal year 2024. Revenue surged 169% from the prior year, signaling strong growth momentum. Expenses of $71K exceeded revenue, resulting in a 64% operating deficit.

Mission

The Foundation aids persons in need; assists persons in meeting educational aspirations; and provides financial support for religious and church activities related to the mission of Columbia Baptist Church.

Program Service Accomplishments

Program 1
Expenses: $18,580

Education Support: Assistance to financially needy students to support their higher education goals by providing grants to cover tuition, books, housing and related expenses while attending a college...

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Education Support: Assistance to financially needy students to support their higher education goals by providing grants to cover tuition, books, housing and related expenses while attending a college or seminary; or expenses related to training provided through the Sharyn Byer Institute of Fine Arts (SB Arts).

Program 2
Expenses: $18,087

CBC Ministries/Mission: Grants in support of Christian ministries and mission activities sponsored or undertaken by Columbia Baptist Church (CBC).

Program 3
Expenses: $16,211

Social Needs: Grants in support of financially needy individuals with a connection to Columbia Baptist Church or the community to help assist with housing expenses, medical expenses, repairs...

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Social Needs: Grants in support of financially needy individuals with a connection to Columbia Baptist Church or the community to help assist with housing expenses, medical expenses, repairs, miscellaneous living expenses, emergency needs, and support for a local food bank.

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Trantor Score

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

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $25,509
Program Service Revenue $0
Investment Income $17,405
Other Revenue $0
TOTAL REVENUE $42,914

Expense Breakdown

Grants Paid $63,878
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $63,878
Other Expenses $6,654
TOTAL EXPENSES $70,532

Year-over-Year Comparison

2024 2023 Change
Revenue $42,914 $15,974 +1.7%
Expenses $70,532 $63,068 +0.1%
Net Income $-27,618 $-47,094 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
11

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
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Richard Stephenson President 2.00
Officer Director
$0 $0 $0
Greg James Vice President 1.00
Officer Director
$0 $0 $0
Lawrence Peacock Treasurer 3.00
Officer Director
$0 $0 $0
Jean Eubanks Secretary 1.00
Officer Director
$0 $0 $0
Sammie Barr Director 1.00
Director
$0 $0 $0
Ashley Davis Director 1.00
Director
$0 $0 $0
Clarence Dukes Director 1.00
Director
$0 $0 $0
Scott Flanders Director 1.00
Director
$0 $0 $0
John Guidi Director 1.00
Director
$0 $0 $0
John Kubichek Director 1.00
Director
$0 $0 $0
Anne Tomas 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 $42,914 $70,532 $1,721,968 $-27,618
2023 $15,974 $63,068 $1,696,668 $-47,094
2022 $107,905 $78,744 $1,584,203 $29,161
2021 $63,302 $38,218 $1,756,237 $25,084
2020 $14,150 $58,680 $1,570,281 $-44,530
2019 $8,572 $47,005 $1,569,906 $-38,433
2018 $11,146 $46,201 $1,444,592 $-35,055
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