THE COMMUNITY FOUNDATION OF THE DAN RIVER REGION

EIN: 541823141 501(c)(3) Philanthropy & Grantmaking

DANVILLE, VA

Total Revenue
$7,229,023
Total Expenses
$2,611,291
Total Assets
$76,209,325
Net Assets
$75,568,838
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
VA
Principal Officer
MR DAN HAYES
Phone
4347930884
Tax Period
2024-07-01 to 2025-06-30

THE COMMUNITY FOUNDATION OF THE DAN RIVER REGION, founded in 1996, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $7.2M in total revenue in fiscal year 2024. Revenue fell 46% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $4.6M, a strong 64% operating margin.

Mission

THE COMMUNITY FOUNDATION OF THE DAN RIVER REGION WILL IMPROVE AND ENRICH THE LIVES OF THE REGION'S RESIDENTS BY ENCOURAGING AND FACILITATING DONATIONS; BY MANAGING, INVESTING, AND DISTRIBUTING THESE DONATIONS IN ACCORDANCE WITH DONORS' WISHES WHILE MEETING COMMUNITY NEEDS; AND BY ENSURING THESE DONATIONS CREATE A LASTING LEGACY OF GROWTH AND OPPORTUNITY THROUGHOUT THE REGION.

Program Service Accomplishments

Program 1
Expenses: $2,330,683 Revenue: $3,407,266

IT IS THE ORGANIZATION'S VISION THAT THE DAN RIVER REGION WILL BE KNOWN FOR THE OVERWHELMING GENEROSITY OF ITS COMMUNITITES AND DEDICATION TO IMPROVING QUALITY OF LIFE, PROVIDING SUPPORT FOR THOSE IN...

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IT IS THE ORGANIZATION'S VISION THAT THE DAN RIVER REGION WILL BE KNOWN FOR THE OVERWHELMING GENEROSITY OF ITS COMMUNITITES AND DEDICATION TO IMPROVING QUALITY OF LIFE, PROVIDING SUPPORT FOR THOSE IN NEED, AND CREATING LIFE-CHANGING OPPOTUNITIES.THE MISSION OF THE COMMUNITY FOUNDATION OF THE DAN RIVER REGION IS TO IMPROVE AND ENRICH THE LIVES OF THE REGION'S RESIDENTS BY ENCOURAGING AND FACILITATING DONATIONS; BY MANAGING, INVESTING, AND DISTRIBUTING THESE DONATIONS IN ACCORDANCE WITH DONORS' WISHES WHILE MEETING COMMUNITY NEEDS; AND BY ENSURING THESE DONATIONS CREATE A LASTING LEGACY OF GROWTH AND OPPORTUNITY THROUGHOUT THE REGION.WHILE THE ORGANIZATION WORKS WITH DONORS TO ESTABLISH FUNDS TO BENEFIT ANY GEOGRAPHIC AREA, THE PRIMARY SERVICE AREA IS DANVILLE/PITTSYLVANIA COUNTY, VIRGINIA AND CASWELL COUNTY, NORTH CAROLINA. DONATIONS ARE ALSO BEING SOUGHT TO BUILD UP RESOURCES FOR SOUTH BOSTON/HALIFAX COUNTY, WITH CONSIDERATION BEING GIVEN TO OTHER NEIGHBORING COUNTIES.

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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 $3,821,757
Program Service Revenue $8,479
Investment Income $3,398,787
Other Revenue $0
TOTAL REVENUE $7,229,023

Expense Breakdown

Grants Paid $1,868,304
Salaries & Benefits $327,306
Fundraising Expenses $66,084
Program Expenses $2,330,683
Other Expenses $415,681
TOTAL EXPENSES $2,611,291

Year-over-Year Comparison

2024 2023 Change
Revenue $7,229,023 $13,459,287 -0.5%
Expenses $2,611,291 $2,381,391 +0.1%
Net Income $4,617,732 $11,077,896 -0.6%
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

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Liquidity & Cash Position

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Governance

Voting Members
22
Independent Members
22
Employees
4
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
7
$92,292
Total Directors
23
$92,292
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAN HAYES EXECUTIVE DIRECTOR 40.00
Officer Director
$92,292 $0 $92,292
ANGELES ATKINSON PAST PRESIDENT 1.00
Officer Director
$0 $0 $0
SCOTT BARNES PRESIDENT 2.00
Officer Director
$0 $0 $0
STEVE BASS SECRETARY 1.00
Officer Director
$0 $0 $0
VINCE KANIA JR TREASURER 1.00
Officer Director
$0 $0 $0
CATHY PULLIAM VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
HELM DOBBINS DIRECTOR 1.00
Director
$0 $0 $0
RICHARD DIXON DIRECTOR 1.00
Director
$0 $0 $0
FELICIA VEAL-EDMUNDS DIRECTOR 1.00
Director
$0 $0 $0
ELIZABETH HURT DIRECTOR 1.00
Officer Director
$0 $0 $0
DANIELLE MONTAGUE DIRECTOR 1.00
Director
$0 $0 $0
JERRU WILLIAMS JR DIRECTOR 1.00
Director
$0 $0 $0
NINA BETH THORNTON DIRECTOR 1.00
Director
$0 $0 $0
SANDY SAUNDERS DIRECTOR 1.00
Director
$0 $0 $0
JENNIFER HILTWINE DIRECTOR 1.00
Director
$0 $0 $0
KUNAL PATEL DIRECTOR 1.00
Director
$0 $0 $0
BECKY YEATTS DIRECTOR 1.00
Director
$0 $0 $0
BILL RIDDLE DIRECTOR 1.00
Director
$0 $0 $0
KERRI BURCHETT DIRECTOR 1.00
Director
$0 $0 $0
TIFFANY DANIELLE HAIRSTON DIRECTOR 1.00
Director
$0 $0 $0
LISA JOHNSTON KNIGHT DIRECTOR 1.00
Director
$0 $0 $0
DAN ANGEL DIRECTOR 1.00
Director
$0 $0 $0
SHEILA WILLIAMSON-BRANCH 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
2025 $7,229,023 $2,611,291 $76,209,325 $4,617,732
2024 $13,459,287 $2,381,391 $65,819,292 $11,077,896
2024 $13,459,287 $2,381,391 $65,819,292 $11,077,896
2023 $2,796,969 $2,248,476 $49,707,408 $548,493
2022 $5,778,092 $2,005,186 $45,930,680 $3,772,906
2021 $2,214,247 $1,884,445 $51,529,980 $329,802
2020 $4,207,743 $2,169,511 $39,554,611 $2,038,232
2019 $1,806,241 $1,827,161 $37,872,053 $-20,920
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