Ardx Foundation Inc
- Assets
- $52.0k
- Revenue
- $86.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Norfolk, VA
- Founding
- 01/2017
- Data as of
- 12/2021
- EIN
- 38-4020916
Organization Overview
Ardx Foundation Inc is located in Norfolk, VA. The organization was established in 2017. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ardx 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 12/2021, Ardx Foundation Inc generated $86.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (15.2%) each year. All expenses for the organization totaled $67.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (20.8%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
REDDIX RULES COHORT 2 - AN ENTREPRENEUR GRANT AND TRAINING
WOMENS WELLNESS CELEBRATION CONFERENCE - 250 PARTICIPANTS
MENTAL HEALTH AWARENESS MONTH - 125 PARTICIPANTS WERE PRE-
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nedra Commodore Qa / Dir | 4 | $0 | |
Paul Aravich Director | 4 | $0 | |
Angela Reddix P/chair | 4 | $0 | |
Angel Oddo Vp/dir | 4 | $0 | |
Peggy Martz-Balas Cfo/dir | 4 | $0 | |
Mitzi Glass Director | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $86,851 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $86,851 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $64,679 |
| Total operating and administrative expenses | $67,499 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $67,499 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,978 |
| Savings and temporary cash investments | $0 |
| 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 | $51,978 |
| Accounts payable and accrued expenses | $15,204 |
| 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 | $15,204 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Ardx Foundation Inc has recieved totaling $33,250.
| Awarding Organization | Amount |
|---|---|
Sentara Healthcare Norfolk, VA PURPOSE: ON CAMPUS PROGRAM TO PROMOTE MENTAL AND BEHAVIORAL WELLNESS | $26,250 |
Agena Foundation Virginia Beach, VA PURPOSE: MENTAL & BEHAVIOURAL HEALTH WELLNESS | $5,000 |
Langley For Families - The Foundation Of Lfcu Newport News, VA PURPOSE: CONTRIBUTED FUNDS TO ASSIST A VARIETY OF LOCAL 501(C)(3) HEALTHCARE ORGANIZATIONS PROVIDING HEALTHCARE SERVICES TO ADULTS AND CHILDREN, PREVENT HIGH RISK PREGNANCIES AND CARE FOR PREMATURE INFANTS, PROVIDE VETERAN'S ASSISTANCE, AND PROVIDE ADULT AND CHILD HOSPICE SERVICES. | $2,000 |
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