Bangs Russell Foundation
- Assets
- $5.7m
- Revenue
- $107.8k
- Investments
- $5.7m
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 12/2004
- Data as of
- 12/2023
- EIN
- 20-1840390
Organization Overview
Bangs Russell 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. Bangs Russell 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, Bangs Russell Foundation generated $107.8k 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 (5.2%) each year. All expenses for the organization totaled $702.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Bangs Russell Foundation has awarded 175 individual grants totaling $4,889,120. 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 |
|---|---|---|---|
Elizabeth R Ogburn President | 1 | $0 | |
William F Russell Director | 1 | $0 | |
Barbara R Valenti Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $154,556 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$58,320 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $10,000 |
| Profit on Inventory Sales | $0 |
| Other Income | $11,590 |
| Total Revenue | $107,826 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,501 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $83 |
| Total operating and administrative expenses | $56,365 |
| Contributions, gifts, grants paid | $646,020 |
| Total expenses and disbursements | $702,385 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $36,788 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,742,636 |
| 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, Bangs Russell Foundation has awarded $646,020 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
YOUTH AERONAUTICS EDUCATIONAL FOUNDATION PURPOSE: OPERATIONS | $25,000 |
JAMES CITY CHAPEL CEMETERY PURPOSE: OPERATIONS | $10,000 |
GROTON CENTRAL HIGH SCHOOL PURPOSE: OPERATIONS | $15,500 |
HELEN KELLER INTERNATIONAL PURPOSE: OPERATIONS | $20,000 |
MISSION HOUSE MINISTRIES PURPOSE: OPERATIONS | $30,000 |
SAMARITAN'S PURSE PURPOSE: OPERATIONS | $50,000 |