Danville Regional Foundation
Danville Regional Foundation maintains substantial assets and reports zero officer compensation, with fluctuating annual revenues and expenses.
EIN: 203319727 · Danville, VA · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $114.1M |
| Total Expenses | $16.6M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $266M |
| Net Assets | $247.3M |
| Transparency Score | 85/100 |
Is Danville Regional Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Danville Regional Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Danville Regional Foundation
Danville Regional Foundation (EIN: 203319727) is a nonprofit organization based in Danville, VA, classified under NTEE code T20. The organization reported total revenue of $114.1M and total assets of $281.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Danville Regional Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Danville Regional Foundation is a major nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $13.3M |
| Total Expenses | $16.6M |
| Surplus / Deficit | $-3,240,000 |
| Total Assets | $266.3M |
| Total Liabilities | $19.0M |
| Net Assets | $247.3M |
| Operating Margin | -24.3% |
| Debt-to-Asset Ratio | 7.1% |
| Months of Reserves | 193.0 months |
Financial Health Grade: B
In 2023, Danville Regional Foundation reported a deficit of $3.2M with expenses exceeding revenue, holds 193.0 months of operating reserves (strong position), has a debt-to-asset ratio of 7.1% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Danville Regional Foundation's revenue has grown at a compound annual growth rate (CAGR) of 3.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -49.0% | +12.3% | +7.6% |
| 2022 | +20.8% | -49.5% | -11.8% |
| 2021 | +55.7% | +212.1% | +11.7% |
| 2020 | +28.9% | -42.8% | +7.7% |
| 2019 | -20.4% | +83.6% | +8.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Danville Regional Foundation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Danville Regional Foundation allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $3.2M, with expenses exceeding revenue.
- Debt-to-asset ratio: 7.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no compensation was paid to officers, directors, trustees, or key employees, which is highly unusual for an organization of this size ($266M assets in 2023) and suggests either a fully volunteer leadership or compensation is reported under other categories, warranting further investigation for complete transparency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Danville Regional Foundation's IRS 990 filings:
- Consistent 0% officer compensation for an organization with $266M in assets, which is unusual and may obscure how leadership is compensated.
- Expenses exceeding revenue in multiple years (e.g., 2023, 2021, 2019), which, while common for foundations, warrants monitoring to ensure long-term sustainability and strategic asset management.
Strengths
The following positive indicators were identified for Danville Regional Foundation:
- Substantial and growing asset base, reaching $266,334,754 in 2023, indicating strong financial health and capacity for grantmaking.
- Consistent reporting of 0% officer compensation, suggesting a commitment to minimizing direct executive salary costs.
- Long history of IRS 990 filings (10 filings), demonstrating transparency and consistent reporting.
- Significant latest reported revenue of $114,134,087, indicating robust financial activity and potential for impact.
Frequently Asked Questions about Danville Regional Foundation
Is Danville Regional Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Danville Regional Foundation (EIN: 203319727) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Danville Regional Foundation spend its money?
Danville Regional Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Danville Regional Foundation tax-deductible?
Danville Regional Foundation is registered as a tax-exempt nonprofit (EIN: 203319727). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Danville Regional Foundation CEO make?
Danville Regional Foundation's highest-compensated officer earns $266M annually. The organization reported $114.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Danville Regional Foundation's spending goes to programs?
Danville Regional Foundation directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Danville Regional Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Danville Regional Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Danville Regional Foundation located?
Danville Regional Foundation is headquartered in Danville, Virginia and files with the IRS under EIN 203319727. It is classified under NTEE code T20.
How many years of IRS 990 filings does Danville Regional Foundation have?
Danville Regional Foundation has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $114.1M in total revenue.
Is Danville Regional Foundation a good charity?
Based on the available data, the Danville Regional Foundation appears to be a well-endowed organization with significant assets ($266M in 2023) and a consistent history of grantmaking. The reported 0% officer compensation is a positive indicator of low administrative overhead in that specific area, contributing to its efficiency. However, without a detailed breakdown of program vs. administrative expenses, a full assessment of 'goodness' is limited, though its foundation structure suggests a focus on funding other charitable activities.
How does the foundation manage its expenses relative to its revenue?
The foundation's expenses have varied, sometimes exceeding revenue (e.g., $16,560,686 expenses vs. $13,320,686 revenue in 2023). This is typical for foundations that draw from their endowments to fund grants, especially during periods of market downturn or strategic increased giving. Over the long term, the foundation has maintained and grown its asset base, indicating sound financial management despite annual fluctuations.
What is the significance of 0% officer compensation?
The consistent reporting of 0% officer compensation is highly significant. It suggests that either the foundation's leadership is entirely volunteer-based, or compensation for key personnel is categorized differently (e.g., as contractor fees or through a related entity). While it indicates no direct salary burden from officers, it also prompts a deeper look into how leadership is compensated, if at all, to ensure full transparency.
Filing History
IRS 990 filing history for Danville Regional Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Danville Regional Foundation's revenue has grown by 54.5%, moving from $8.6M to $13.3M. Total assets increased by 48.6% over the same period, from $179.2M to $266.3M. Total functional expenses fell by 0.2%, from $16.6M to $16.6M. In its most recent filing year (2023), Danville Regional Foundation reported a deficit of $3.2M, with expenses exceeding revenue. The organization holds $19.0M in liabilities against $266.3M in assets (debt-to-asset ratio: 7.1%), resulting in net assets of $247.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $13.3M | $16.6M | $266.3M | $19.0M | — | View 990 |
| 2022 | $26.1M | $14.8M | $247.5M | $20.5M | — | View 990 |
| 2021 | $21.6M | $29.2M | $280.5M | $26.5M | — | View 990 |
| 2020 | $13.9M | $9.4M | $251.2M | $10.1M | — | — |
| 2019 | $10.8M | $16.4M | $233.2M | $11.5M | — | View 990 |
| 2015 | $13.5M | $8.9M | $214.6M | $17.2M | — | View 990 |
| 2014 | $15.2M | $19.1M | $220.0M | $16.7M | — | View 990 |
| 2013 | $14.1M | $4.9M | $215.0M | $6.9M | — | View 990 |
| 2012 | $8.0M | $9.0M | $188.8M | $15.1M | — | View 990 |
| 2011 | $8.6M | $16.6M | $179.2M | $17.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $13.3M, expenses of $16.6M, and assets of $266.3M (revenue -49.0% year-over-year).
- 2022: Revenue of $26.1M, expenses of $14.8M, and assets of $247.5M (revenue +20.8% year-over-year).
- 2021: Revenue of $21.6M, expenses of $29.2M, and assets of $280.5M (revenue +55.7% year-over-year).
- 2020: Revenue of $13.9M, expenses of $9.4M, and assets of $251.2M (revenue +28.9% year-over-year).
- 2019: Revenue of $10.8M, expenses of $16.4M, and assets of $233.2M (revenue -20.4% year-over-year).
- 2015: Revenue of $13.5M, expenses of $8.9M, and assets of $214.6M (revenue -11.3% year-over-year).
- 2014: Revenue of $15.2M, expenses of $19.1M, and assets of $220.0M (revenue +7.9% year-over-year).
- 2013: Revenue of $14.1M, expenses of $4.9M, and assets of $215.0M (revenue +77.5% year-over-year).
- 2012: Revenue of $8.0M, expenses of $9.0M, and assets of $188.8M (revenue -7.7% year-over-year).
- 2011: Revenue of $8.6M, expenses of $16.6M, and assets of $179.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Danville Regional Foundation:
Data Sources and Methodology
This transparency report for Danville Regional Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.