Boys' Home Incorporated
414 Boys Home Road
Covington VA 24426
Mission Statement
The mission of Boys Home of Virginia is to strive toward helping each resident develop his potential physically, mentally, socially and spiritually.
 
 
 
Web and Social Media
Video
Leadership
CEO/Executive Director Dr. Donnie E Wheatley
Board Chair Mr. Leonard S Slater
Board Chair Company Affiliation Retired
Contact Information
Address 414 Boys Home Road
Covington, VA 24426
Telephone 540 965-7700
Fax 540 965-7702
E-mail info@boyshomeofva.org
History and Background
Year of Incorporation 1906
Financial Summary
 
 
Projected Revenue $3,355,865.00
Projected Expenses $3,355,865.00
Statements
Mission
The mission of Boys Home of Virginia is to strive toward helping each resident develop his potential physically, mentally, socially and spiritually.
 
 
 
Impact
A successful man has to start somewhere...and that somewhere is Boys Home. Primary focus is socially and economically disadvantaged youth, ages 6-18. In the last year, we have renovated 3  of our residential cottages, increasing the number of residents we can serve by 16. We are staffed to serve 60 residents. In the last year, we have opened the Center for Applied Trades and Technology program, giving residents the opportunity to learn a trade while they are here and graduate with and NCCER recognized certification.
 
Goals for this year are:
  • To continue to renovate the residential cottages and the gym.
  • To operate at full capacity, serving the maximum number of residents and retaining those residents throughout the academic year.
  • To continue to develop the Center for Applied Trades program and expand opportunities within the program.
 
 
Needs
Boys Home of Virginia has several capital improvements that are needed. The Board of Trustees has approved a long-term plan and facility study. We need funding for cottage renovations and gymnasium renovations. We need to increase annual funding by $200,000. We need to increase the awareness about Boys Home and its programs to ensure that young men in need of opportunities know about our extensive program. 
Background Boys Home of Virginia was founded in 1906 as a school for children in this remote mountainous region of Virginia. Soon, the need for a home for homeless boys, in addition to the educational concerns, led to expanding the program. Today, Boys Home continues to help boys whose families either cannot or will not provide for them the support, shelter and education they need and deserve.


 
Areas of Service
Areas Served
Area
Throughout the United States
Statewide
Boys Home primarily serves young men from Virginia and surrounding adjoining states. However, Boys Home serves young men from throughout the country.
Board Chair
Board Chair Mr. Leonard S Slater
Company Affiliation Retired
Term Apr 2016 to June 2018
Email leonardslater@gmail.com
Board CoChair
Company Affiliation No Affiliation
Board of Directors
Board Members
NameAffiliation
The Rt. Rev. Mark Bourlakas Bishop Southwestern Virginia
Mr. Patrick Cafaro Community Volunteer
Dr. Yvonne Harris JMU Office of Research and Scholarship
Dr. Bruce Heilman University of Richmond
Mr. Edwin P. Hopkins Retired
Mr. Stephen B. Lane Retired
Mr. James Daniel Light Alumni Rep
Mr. Kelly O'Keefe VCU Brandcenter
Mr. Ken Robison Community Volunteer
COL Edwin W. Simpson Retired
Mr. Leonard S. Slater Self-employed
Mr. Bernard Syme Telecom
Ms. Ann J. Vest Retired
The Rev. Todd M. Vie St. Paul's Episcopal Church
Dr. Donnie E Wheatley Boys Home of Virginia
Mrs. Margaret N. Whittle Retired
Mr. Joseph P. Whittle Retired
Board Demographics - Ethnicity
African American/Black 1
Asian American/Pacific Islander 0
Caucasian 16
Hispanic/Latino 0
Native American/American Indian 0
Board Demographics - Gender
Male 14
Female 3
Governance
Board Term Lengths 3
Board Term Limits 2
Board Meeting Attendance % 65
Written Board Selection Criteria? No
Written Conflict of Interest Policy? Under Development
Percentage Making Monetary Contributions 94
Percentage Making In-Kind Contributions 20
Number of Full Board Meetings Annually 4
Other Boards
The tables below contain information about other groups that advise this nonprofit on operations and projects.
Executive Director
Executive Director Dr. Donnie E Wheatley
Experience Mr. Donnie E. Wheatley is an alumnus of Boys Home. He is a graduate of Virginia Military Institute (VMI) with a degree in Electrical Engineering. He also received a Master's degree from Valdosta State. Mr. Wheatley has been the Executive Director of Boys Home of Virginia since 1985.
Staff
Full Time Staff 35
Part Time Staff 26
Volunteers 22
Plans
Organization has a Fundraising Plan? Under Development
Organization has a Strategic Plan? Yes
Management Succession Plan? Under Development
Organization Policy and Procedures Yes
Nondiscrimination Policy Yes
Whistleblower Policy No
Document Destruction Policy No
Directors and Officers Insurance Policy Yes
Programs
Description No child is denied acceptance due to their financial situation. Extensive scholarships available.
Population Served Poor/Economically Disadvantaged, Indigent, General
Budget $367,243.00
Description Boys Home School is the on-campus opportunity for boys who need either remedial assistance or a compressed high school curriculum with the ultimate goal to obtain a high school diploma. The Boys Home School is licensed for grades 3-12. 
Population Served Males
Budget $250,000.00
Fiscal Year
Projected Revenue $3,355,865.00
Projected Expenses $3,355,865.00
Endowment Value $28,570,932.00
Spending Policy Percentage
Percentage (if selected) 7.2
Form 990s
IRS Letter of Exemption
Detailed Financials
Revenue SourcesHelpThe financial analysis involves a comparison of the IRS Form 990 and the audit report (when available) and revenue sources may not sum to total based on reconciliation differences. Revenue from foundations and corporations may include individual contributions when not itemized separately.
Fiscal Year201520142013
Foundation and
Corporation Contributions
$223,073----
Government Contributions$37,564$58,975$56,055
Federal$37,564----
State------
Local------
Unspecified--$58,975$56,055
Individual Contributions$870,765$1,115,828$1,252,968
------
$37,821$527,410$524,813
Investment Income, Net of Losses$2,130,639$2,181,442$1,784,485
Membership Dues------
Special Events$19,268$18,073$20,312
Revenue In-Kind$64,436----
Other$22,082$103,648($384,630)
Expense Allocation
Fiscal Year201520142013
Program Expense$2,570,815$3,051,320$2,952,021
Administration Expense$634,135$591,438$551,984
Fundraising Expense$264,450$220,784$211,508
Payments to Affiliates------
Total Revenue/Total Expenses0.981.040.88
Program Expense/Total Expenses74%79%79%
Fundraising Expense/Contributed Revenue23%19%16%
Assets and Liabilities
Fiscal Year201520142013
Total Assets$41,258,019$41,235,056$41,141,701
Current Assets$670,798$439,278$391,097
Long-Term Liabilities$0----
Current Liabilities$174,295$87,580$136,059
Total Net Assets$41,083,724$41,147,476$41,005,642
Short Term Solvency
Fiscal Year201520142013
Current Ratio: Current Assets/Current Liabilities3.855.022.87
Long Term Solvency
Fiscal Year201520142013
Long-Term Liabilities/Total Assets0%0%0%
Capital Campaign
Currently in a Capital Campaign? Yes
Campaign Purpose The Journey Continues focuses on cottage renovation, educational upgrades, staff housing renovations and program marketing.
Goal $5,500,000.00
Dates Oct 2012 to Sept 2017
Amount Raised To Date $1,450,000.00
Capital Campaign Anticipated in Next 5 Years? No
State Charitable Solicitaions Permit
Solicitations Permit
Solicitations Permit ExemptionView
Comments
Foundation Comments
  • Financial information provided from audited financial statements.
  • Audited financial statements and Form 990s prepared by Foti, Flynn, Lowen & Co., PC.
  • "Other" revenue includes increases or decreases in funds held in trust by others.