NonprofitsThe Southeast Virginia Community Foundation

The Southeast Virginia Community Foundation

CHESAPEAKE, VA

Total revenue

$1.5M

Total expenses

$919K

Net assets

$16.0M

Grants received

$224K

14 grants

EIN

272529017

Tax year

2024

Mission

Sevacf enhances the quality of the life in south hampton roads by connecting people who care with causes large and small, managing charitable funds, and providing grants and scholarships for (continued on schedule o)

Programs

2 programs

The foundation administers 25 scholarship funds and annually holds a celebration inviting board members, advisory board members, scholarship donors, awardees and thier family members. The scholarship reception was not held in 2024.

Expenses: $73KGrants: $73K

Donor education and other programs

Expenses: $244K

Financials

FY 2024

Revenue

Contributions & grants$300K
Program service revenue
Investment income$990K
Other revenue$232K
Total revenue$1.5M

Expenses

Grants paid$636K
Salaries & benefits$185K
Fundraising$6K
Other expenses$99K
Total expenses$919K
Total assets$18.3M
Net assets$16.0M

People

16 listed

NameRoleCompensation

RICHARD E H WENTZ

CEO

Board

$67K

40 hrs/wk

TIMOTHY S CULPEPPER

PAST PRES.

Board

3 hrs/wk

STEPHEN KORVING

PRESIDENT

Board

3 hrs/wk

MICHELLE BUTLER

SECRETARY

Board

3 hrs/wk

CARL L HARDEE

VICE PRESIDE

Board

3 hrs/wk

CHARLES G HACKWORTH SR

OFFICER

Board

3 hrs/wk

THOMAS E WOOD

OFFICER

Board

3 hrs/wk

CAROLYN BERNARD

DIRECTOR

Board

1 hrs/wk

DORIS COBB

TREASURER

Board

1 hrs/wk

BETT CORNETTA

DIRECTOR

Board

1 hrs/wk

ASHTON LEWIS JR

DIRECTOR

Board

1 hrs/wk

SCOTT MATHESON

DIRECTOR

Board

1 hrs/wk

DR JOE RAMPERSAD

DIRECTOR

Board

1 hrs/wk

EMILY ROBBINS

DIRECTOR

Board

1 hrs/wk

AMY W FOLKES

PAST PRES.

Board

3 hrs/wk

CLAY ROBERTSON

DIRECTOR

Board

1 hrs/wk

Grants received

Showing 14 of 14

FromAmountPurposeYear
$42K
Endowment Funds
2024
$3K
Contribution Provided
2024
$10K
PUBLIC, SOCIETAL BENEFIT
2023
$78K
Endowment
2022
$1K
Program Support
2022
$500
GEN/OPER SUPPORT
2020
$500
SUPPORT, UNSPECIFIED
2019
$27K
Endowment
2018
$12K
SCHOLARSHIP FUND
2018

Funded by

$224K from 7 funders · 14 grants · 2018–2024

AAPI of Hampton Roads Inc

$147K · 3 grants · 2018–2024

C Barker Champions For Charity Inc

$50K · 5 grants · 2018–2024

Portsmouth Service League Inc

$12K · 1 grant · 2018

Williams Mullen Foundation

$3K · 1 grant · 2024

Enterprise Holdings Foundation

$1K · 1 grant · 2022

Hampton Roads Community Foundation

$1K · 2 grants · 2019–2020

Details

EIN272529017
Subsection03
Ruling date2009-08
Formed2010
Employees3
Volunteers15
THE SOUTHEAST VIRGINIA COMMUNITY FOUNDATION — Mission, Financials & Grants Received | Grantivo