Agena Foundation
- Assets
- $28.9m
- Revenue
- $2.8m
- Investments
- $27.8m
- Employees
- 0
- Location
- Virginia Beach, VA
- Founding
- 04/2011
- Data as of
- 12/2021
- EIN
- 26-2882583
Organization Overview
Agena Foundation is located in Virginia Beach, VA. The organization was established in 2011. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Agena 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 12/2021, Agena Foundation generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $1.9m during the year ending 12/2021. While expenses have increased by 14.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Agena Foundation has awarded 117 individual grants totaling $9,993,015. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTION OF FUNDS FOR CHARITABLE AND EDUCATIONAL PURPOSES, INCLUDING, BUT NOT LIMITED TO, THOSE PROGRAMS THAT IMPROVE THE QUALITY OF YOUNG ADULTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Felicia Ford Executive Di | 40 | $83,637 | |
Kimberlee Russi Vice Preside | 2 | $0 | |
Christopher H Russi Secretary/tr | 4 | $0 | |
Judy G Mcreynolds President | 4 | $0 | |
Kimberly C Painter Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $227,552 |
| Dividends & Interest | $459,391 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,062,336 |
| Capital Gain Net Income | $2,062,336 |
| Net ST Capital Gain | $1,196,308 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $87,040 |
| Total Revenue | $2,836,319 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $83,637 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $9,749 |
| Interest | $1,938 |
| Taxes | $47,561 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $500 |
| Other expenses | $140,076 |
| Total operating and administrative expenses | $546,526 |
| Contributions, gifts, grants paid | $1,390,799 |
| Total expenses and disbursements | $1,937,325 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,060,536 |
| 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 | $27,847,192 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $280 |
| Total assets | $28,908,008 |
| 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, Agena Foundation has awarded $1,390,799 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
Chesapeake, VA PURPOSE: IN SUPPORT OF PRGM FOR HOMELESS | $415,000 |
THE SALVATION ARMY OF TIDEWATER PURPOSE: RENT ASSISTANCE PROGRAM | $153,000 |
HOPE U FOUNDATION PURPOSE: TEACH INDEPENDENT LIVING SKILLS | $140,898 |
THE BOYS AND GIRLS CLUB OF SE VA PURPOSE: CLUB PRGM FOR YOUTH AND TEENS | $125,000 |
SETON YOUTH SHELTERS PURPOSE: EMERGENCY FAMILY AND YOUTH SHELTER | $104,500 |
Norfolk, VA PURPOSE: SHELTER, FOOD & RECOVERY PROGRAM | $90,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
C D Spangler Foundation Inc Charlotte, NC | $547,764,463 | $34,692,558 |
De Beaumont Foundation Inc Bethesda, MD | $183,698,152 | $47,357,470 |
Haslam Family Foundation Inc Knoxville, TN | $7,594,271 | $428,205 |
Foundation For The Greatest Good Fulton, MD | $11,551,864 | $19,462,876 |
Young Mens Christian Association Of The Chesapeake Inc Easton, MD | $84,208,847 | $28,289,184 |
The Ezrah Charitable Trust Charlotte, NC | $259,414,844 | $89,054,665 |
Robert E And Jenny D Kirkland Foundation Union City, TN | $287,925,102 | $17,113,043 |
Speer Foundation Brentwood, TN | $160,979,713 | $8,246,449 |
The Haslam 3 Foundation Inc Knoxville, TN | $5,285,692 | $10,045,433 |
Laszlo N Tauber Family Foundation Inc North Bethesda, MD | $0 | $1,758,712 |
Breakthrough Prize In Life Sciences Foundation Washington, DC | $615,230 | $10,652,847 |
Scarlett Family Foundation Nashville, TN | $163,054,305 | $18,551,241 |