L & J Goldrich Foundation
- Assets
- $5.1m
- Revenue
- $54.1k
- Investments
- $187.1k
- Employees
- 0
- Location
- Virginia Beach, VA
- Founding
- 04/1958
- Data as of
- 12/2022
- EIN
- 11-6038035
Organization Overview
L & J Goldrich Foundation is located in Virginia Beach, VA. The organization was established in 1958. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. L & J Goldrich Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, L & J Goldrich Foundation generated $54.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (11.5%) each year. All expenses for the organization totaled $58.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (11.3%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, L & J Goldrich Foundation has awarded 520 individual grants totaling $1,459,443. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
I William Berger Vice President | 2 | $0 | |
Janice Goldrich President | 10 | $0 | |
Vicki Goldrich Vice President / Secretary | 1 | $0 | |
Joel Flax Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $95 |
| Dividends & Interest | $116,759 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$56,948 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$5,846 |
| Total Revenue | $54,060 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $25,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,513 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20,618 |
| Total operating and administrative expenses | $57,956 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $57,956 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,917,976 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $187,103 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,105,079 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, L & J Goldrich Foundation has awarded $972,159 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
JAMESTOWN-YORKTOWN FOUNDATION PURPOSE: CHARITABLE | $5,543 |
BETH SHOLOM VILLAGE PURPOSE: HEALTH CARE | $250 |
EVMS PURPOSE: MEDICAL | $965,000 |
NATIONAL CENTER FOR POLICE DEFENSE PURPOSE: CHARITABLE | $150 |
SOUTHEASTERN VA FOOD BANK PURPOSE: CHARITABLE | $500 |
VIRGINIA STAGE COMPANY PURPOSE: CHARITABLE | $716 |