Parkersburg Area Community Foundation Inc (Previously Pacf Inc)

Nonprofit profile at a glance

EIN
550748246
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Parkersburg, WV, USA
Phone
3044284438
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Community Foundations

Official website

Reported finances

Revenue
$11,960,190
Expenses
$4,451,474
Assets
$98,290,907
Liabilities
$3,357,461

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

23 people listed

Executive titles in this filing

  • FRED RADER (EXECUTIVE DIRECTOR)

Highest reported compensation

  • FRED RADER (EXECUTIVE DIRECTOR): $107,176 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

We serve our region's citizens by providing leadership and inspiring people to build permanent resources for the betterment of their communities through the foundation. Our vision is that our foundation will hold a vital role in our region supporting people who work together to build resources and to apply leadership, creating a better place for citizens today and tomorrow.

What it reported doing in 2024

Scholarship recipients; funds list specific criteria by which recipients are to be chosen. This includes financial need and academic achievement. Scholarship review committees are established by the foundation according to its 'scholarship policy', and in compliance with h.r.4. Members to such committees are approved by the foundation's board annually and assist in the review of candidates based on the fund's selection criteria and recommend recipients to the foundation's board. All scholarships are awarded without regard to race, sex, or creed. Recipients are required to submit evidence of post-high school qualified educational institution enrollment, and submit transcripts or other evidence of academic progress each year.

Operating model

Revenue model
Donor-supported. 66% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 95% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and some filed totals do not add up.

Rating breakdown

  • Financial Efficiency: 71
  • Transparency & Controls: 88
  • Accountability: 100
  • Sustainability: 92
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 61.8%; rating input score 62
  • Program expense ratio: 79.6%; rating input score 80
  • Fundraising efficiency: $315.06 raised per $1 spent on fundraising; rating input score 93; 93rd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 93.8%; rating input score 94; 17th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 90.5%; rating input score 90; 20th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 8 of 8 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: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 62.8%; rating input score 96; 96th percentile among comparable filings
  • Total-asset coverage ratio: 22.08; rating input score 97; 97th percentile among comparable filings
  • Liabilities to assets ratio: 0.03; rating input score 86; 86th percentile among comparable filings
  • Officer compensation ratio: 2.4%; rating input score 73; 73rd percentile among comparable filings

Growth

  • Program expense growth: -2.4% per year; rating input score 0; 6th percentile among comparable filings
  • Revenue growth: 6.2% per year; rating input score 100; 53rd percentile among comparable filings
  • Asset growth: 9% per year; rating input score 100; 60th percentile among comparable filings

Details

  • Where the money goes: 61.8% of revenue deployed · 79.6% of spending went to programs
  • Governance: 23 of 23 board members independent · 8 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $3.5M in reported program spending
  • Leadership: top reported pay $107K · 23 people listed
  • Consistency: 30 of 31 current checks pass · 1 finding to review
  • Schedules: 7 filed schedules · includes major donors and grants
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 108 filed money-flow records
  • Related organizations: 107 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.

  • High — Growth: Program expense growth scored 0/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.