Hampton Roads Community Foundation

Nonprofit profile at a glance

EIN
542035996
IRS 990 coverage
2011–2025
Forms available
Form 990 2025, Form 990-T 2025
Location
Norfolk, VA, USA
Phone
7576227951
Rating
86
Verdict
STRONG
Rating confidence
Moderate
Sector
Community Foundations

Official website

Reported finances

Revenue
$22,945,331
Expenses
$41,444,757
Assets
$577,166,054
Liabilities
$30,294,903

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

23 people listed

Executive titles in this filing

  • DEBORAH M DICROCE (PRESIDENT, SECRETARY & CEO)
  • LINDA M RICE (VICE PRESIDENT OF GRANT MA)
  • KAY A STINE (VICE PRESIDENT OF DEVELOPM)
  • ROBIN FOREMAN-WHEELER (VICE PRESIDENT FOR ADMINIS)
  • VIVIAN M ODEN (VICE PRESIDENT FOR EQUITY)
  • LEIGH E DAVIS (VICE PRESIDENT FOR DONOR E)

Highest reported compensation

  • DEBORAH M DICROCE (PRESIDENT, SECRETARY & CEO): $411,046 total reported compensation
  • RICHARD MATTHEWS (CFO): $229,321 total reported compensation
  • LINDA M RICE (VICE PRESIDENT OF GRANT MA): $225,349 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Make life better in hampton roads through civic leadership, philanthropy, and grantmaking.

What it reported doing in 2025

The foundation makes grants to nonprofit organizations from unrestricted, field-of-interest, designated and donor-advised funds, with the purpose of improving life in southeastern Virginia.

Operating model

Revenue model
Donor-supported. 95% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 96% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 91
  • Transparency & Controls: 83
  • Accountability: 96
  • Sustainability: 42
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 92%; rating input score 92
  • Fundraising efficiency: $15.04 raised per $1 spent on fundraising; rating input score 46; 46th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 93.3%; rating input score 93; 16th percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 91%; rating input score 91; 29th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 92.9%; rating input score 93; 22nd percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -80.6%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 13.93; rating input score 88; 88th percentile among comparable filings
  • Liabilities to assets ratio: 0.05; rating input score 76; 76th percentile among comparable filings
  • Officer compensation ratio: 5%; rating input score 58; 58th percentile among comparable filings

Growth

  • Program expense growth: 7.6% per year; rating input score 100; 56th percentile among comparable filings
  • Revenue growth: -1.2% per year; rating input score 0; 4th percentile among comparable filings
  • Asset growth: 6% per year; rating input score 100; 42nd percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 92% of spending went to programs
  • Governance: 13 of 14 board members independent · 9 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $38.1M in reported program spending
  • Leadership: top reported pay $411K · 23 people listed · 4 of 6 pay-setting controls reported
  • Consistency: 32 of 33 current checks pass · 1 finding to review
  • Schedules: 8 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 14 filing years from 2011 to 2025
  • Contacts: How to reach this organization
  • Money network: 355 filed money-flow records
  • Related organizations: 340 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Fundraising efficiency scored 46/100.
  • High — Sustainability: Operating margin scored 1/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Review — Sustainability: Officer compensation ratio scored 58/100.