Snead Family Foundation
- Assets
- $599.7k
- Revenue
- $65.6k
- Investments
- $540.7k
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 09/2004
- Data as of
- 12/2023
- EIN
- 20-1037290
Organization Overview
Snead Family Foundation is located in Richmond, VA. The organization was established in 2004. 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. Snead Family 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 12/2023, Snead Family Foundation generated $65.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (20.5%) each year. All expenses for the organization totaled $124.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (15.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Snead Family Foundation has awarded 194 individual grants totaling $1,524,542. 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 |
|---|---|---|---|
Thomas G Snead Jr Founding Director | 1 | $0 | |
Vickie M Snead Founding Director | 1 | $0 | |
Christen S Trivette Family Director | 1 | $0 | |
Lauren R Snead Family Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3 |
| Dividends & Interest | $14,177 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $51,386 |
| Capital Gain Net Income | $51,386 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $65,566 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $453 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $70 |
| Total operating and administrative expenses | $7,954 |
| Contributions, gifts, grants paid | $116,250 |
| Total expenses and disbursements | $124,204 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $59,007 |
| 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 | $32,618 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $599,683 |
| 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, Snead Family Foundation has awarded $116,250 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
COLLIER COMMUNITY FOUNDATION PURPOSE: GENERAL | $1,000 |
DOORWAYS PURPOSE: GENERAL | $5,000 |
FAISON SCHOOL OF AUTISM PURPOSE: GENERAL | $2,500 |
FEED MORE PURPOSE: GENERAL | $500 |
FIRST PRESBYTERIAN CHURCH PURPOSE: GENERAL | $5,000 |
FIT FOR KIDS PURPOSE: GENERAL | $1,000 |