Virginia Gentlemens Foundation Inc
- Assets
- $9.3m
- Revenue
- $926.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Virginia Beach, VA
- Founding
- 10/2008
- Data as of
- 06/2021
- EIN
- 26-1698094
Organization Overview
Virginia Gentlemens Foundation Inc is located in Virginia Beach, VA. The organization was established in 2008. According to its NTEE Classification (G50) the organization is classified as: Nerve, Muscle & Bone Diseases, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 06/2021, Virginia Gentlemens Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia Gentlemens Foundation Inc 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 06/2021, Virginia Gentlemens Foundation Inc generated $926.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (16.8%) each year. All expenses for the organization totaled $639.1k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE OUR FELLOW MAN WITH RESPECT, HONOR AND GOODWILL AND TO UPHOLD THE VALUES OF A GENTLEMAN AND SELECT MEN WITH VISION AND DRIVE THAT WILL BE DEDICATED TO ENHANCING THE LIVES OF OTHERS THROUGHOUT OUR COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACTIVITIES RELATED TO ASSIST FAMILIES AFFECTED WITH DISABILITIES. RELATED ACTIVITIES INCLUDE CAMP GROM AND GROMMET ISLAND IN VIRGINIA BEACH VIRGINIA
TO SERVE OUR FELLOW MAN WITH RESPECT, HONOR AND GOODWILL AND TO UPHOLD THE VALUES OF A GENTLEMAN AND SELECT MEN WITH VISION AND DRIVE THAT WILL BE DEDICATED TO ENHANCING THE LIVES OF OTHERS THROUGHOUT OUR COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Parker Executive Di | Officer | 40 | $69,231 |
Melissa Griffin Executive Di | Officer | 40 | $31,149 |
James Noel III Vice Chairma | OfficerTrustee | 1 | $0 |
Alex Mitchum Secretary | OfficerTrustee | 1 | $0 |
Will Russell Treasurer | OfficerTrustee | 1 | $0 |
Scott Taylor Chairman | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
A&w Site Contractors Construction | 6/29/18 | $728,140 |
Marlyn Development Corp Construction | 6/29/18 | $313,950 |
Rd Lambert & Son Construction | 6/29/18 | $400,630 |
Rrmm Architects Pc Construction | 6/29/18 | $2,821,599 |
Wm Jordan Construction | 6/29/18 | $884,969 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $568,191 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $329,769 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $897,960 |
| Total Program Service Revenue | $0 |
| Investment income | $34 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $28,670 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $926,664 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $200,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $50,189 |
| Compensation of current officers, directors, key employees. | $10,038 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,337 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,782 |
| Fees for services: Accounting | $4,564 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $739 |
| Office expenses | $0 |
| Information technology | $6,038 |
| Royalties | $0 |
| Occupancy | $47,888 |
| Travel | $82 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,455 |
| Interest | $14,813 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $253,592 |
| Insurance | $32,534 |
| All other expenses | $25 |
| Total functional expenses | $639,061 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $150,631 |
| Savings and temporary cash investments | $46,209 |
| Pledges and grants receivable | $12,500 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $9,132,556 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,341,896 |
| Accounts payable and accrued expenses | $21,668 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $21,668 |
| Net assets without donor restrictions | $9,320,228 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,341,896 |
Grants Awarded
Over the last fiscal year, Virginia Gentlemens Foundation Inc has awarded $700,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Atlanta, GA PURPOSE: ALS RESEARCH | $200,000 |
Baltimore, MD PURPOSE: ALS RESEARCH | $100,000 |
Baltimore, MD PURPOSE: ALS RESEARCH | $100,000 |
Atlanta, GA PURPOSE: ALS RESEARCH | $100,000 |
Atlanta, GA PURPOSE: ALS RESEARCH | $100,000 |
Baltimore, MD PURPOSE: ALS RESEARCH | $100,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Virginia Gentlemens Foundation Inc has recieved totaling $55,000.
| Awarding Organization | Amount |
|---|---|
United Way Of South Hampton Roads Norfolk, VA PURPOSE: GRANTS AWARDED | $35,000 |
Hampton Roads Community Foundation Norfolk, VA PURPOSE: IN SUPPORT OF CAMP GROM | $10,000 |
Donors Trust Inc Alexandria, VA PURPOSE: for general operations | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Amyotrophic Lateral Sclerosis Assn Arlington, VA | $98,343,083 | $39,792,803 |
National Osteoporosis Foundation Arlington, VA | $8,108,231 | $4,451,574 |
Project Als Inc Huntingtown, MD | $1,558,325 | $2,611,375 |
Amyotrophic Lateral Sclerosis Association Rockville, MD | $2,372,268 | $2,861,706 |
Amyotrophic Lateral Sclerosis Association Raleigh, NC | $3,676,425 | $2,631,845 |
American Cleft Palate-Craniofacial Association Chapel Hill, NC | $4,385,249 | $2,071,636 |
Amyotrophic Lateral Sclerosis Association Brentwood, TN | $1,027,246 | $1,172,897 |
M M & P Joint Employment Committee Linthicum Heights, MD | $1,770,508 | $1,369,937 |
National Commission On Orthotic And Prosthetic Education Inc Alexandria, VA | $3,165,139 | $1,303,800 |
Virginia Gentlemens Foundation Inc Virginia Beach, VA | $9,341,896 | $926,664 |
Options Inc Morganton, NC | $578,906 | $634,206 |
Reston Town Center Joint Committee Manassas, VA | $1,676,760 | $735,316 |