Ratcliffe Foundation
- Assets
- $15.6m
- Revenue
- $410.2k
- Investments
- $2.7m
- Employees
- 0
- Location
- Tazewell, VA
- Founding
- 03/1972
- Data as of
- 05/2022
- EIN
- 23-7126937
Organization Overview
Ratcliffe Foundation is located in Tazewell, VA. The organization was established in 1972. 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. Ratcliffe 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 05/2022, Ratcliffe Foundation generated $410.2k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $456.7k during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (16.7%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
DONATION FOR RESEARCH HOSPITAL PURPOSES
DONATION FOR COMMUNITY SERVICE- VOLUNTEER FIRE DEPTS., CHURCHES, HOSPITALS, SCHOOLS, FUNERAL SERVICES, CEMETERIES & HISTORICAL SITES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sam Varney Assist.sec/trea | 0 | $0 | |
Fred Harman Director | 0 | $0 | |
Scott Cole Pres/director | 0 | $0 | |
William Rife Secretary/treas | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100 |
| Interest on Savings | $5,385 |
| Dividends & Interest | $2,049 |
| Net Rental Income | -$78,198 |
| Net Gain on Sale of Assets | $526 |
| Capital Gain Net Income | $526 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $188,718 |
| Total Revenue | $410,208 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $95,081 |
| Pension plans, employee benefits | $11,180 |
| Interest | $0 |
| Taxes | $7,391 |
| Depreciation | $130,112 |
| Occupancy | $29,064 |
| Travel, conferences, and meetings | $175 |
| Printing and publications | $0 |
| Other expenses | $163,057 |
| Total operating and administrative expenses | $456,666 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $456,666 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $644,859 |
| Savings and temporary cash investments | $2,931,100 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $1,000 |
| Net other notes and loans receivable | $120,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,420 |
| Net Investments - land, buildings, equipment | $2,678,012 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $5,725,954 |
| Other assets | $814,182 |
| Total assets | $15,594,682 |
| 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 | $2,716 |
| Total liabilities | $2,716 |
Grants Awarded
Over the last fiscal year, Ratcliffe Foundation has awarded $1,696,845 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Memphis, TN PURPOSE: CHARITABLE- PROVIDE SUPPORT FOR CHILDRENS HOSPITAL | $1,696,634 |
EDDIE'S TROPHIES PURPOSE: COMMUNITY SERVICE- HIGH SCHOOL FOOTBALL TROPHY- MOST VALUABLE PLAYER AWARD | $211 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trousdale Foundation Inc Cleveland, TN | $157,578,588 | $76,137,385 |
The United Methodist Retirement Homes Inc Durham, NC | $351,992,425 | $85,120,969 |
Msi-Us Washington, DC | $1,301,607 | $71,292,993 |
Peter Alfond Foundation Bethesda, MD | $78,752,550 | $129,307,233 |
Bhp Foundation Washington, DC | $309,092,778 | $68,102,954 |
Wyss Medical Foundation Inc Washington, DC | $41,278,790 | $827,503 |
Service Coordination Inc Frederick, MD | $19,156,790 | $52,158,150 |
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
Dogwood Health Trust Asheville, NC | $1,386,374,836 | $630,200,598 |
J Willard And Alice S Marriott Foundation Bethesda, MD | $441,340,618 | $31,840,539 |
Jack Kent Cooke Foundation Lansdowne, VA | $883,502,508 | $42,942,790 |
Bainum Family Foundation Bethesda, MD | $0 | $60,288,788 |