Revada Foundation
- Assets
- $50.2m
- Revenue
- $1.1m
- Investments
- $46.0m
- Employees
- 0
- Location
- Alexandria, VA
- Founding
- 01/2016
- Data as of
- 06/2021
- EIN
- 47-4329394
Organization Overview
Revada Foundation is located in Alexandria, VA. The organization was established in 2016. 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. Revada Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2019, Revada Foundation has awarded 317 individual grants totaling $26,666,213. 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
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel J Logan Permanent Director/president | 30 | $150,000 | |
Gloria B Logan Elected Director/secretary | 10 | $0 | |
Elizabeth J Logan Elected Director | 4 | $0 | |
Andrew J Logan Elected Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $775 |
| Dividends & Interest | $15,288 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,089,852 |
| Capital Gain Net Income | $1,089,852 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,105,915 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $150,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $36,088 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,239 |
| Total operating and administrative expenses | $265,889 |
| Contributions, gifts, grants paid | $4,040,508 |
| Total expenses and disbursements | $4,306,397 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,864,594 |
| Savings and temporary cash investments | $2,309,093 |
| 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 | $50,220,075 |
| 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, Revada Foundation has awarded $4,040,508 in support to 69 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: SUPPORT THE SPACE TO SOAR CAPITAL CAMPAIGN | $1,000,000 |
UNIVERSITY OF CHICAGO - LOGAN CENTER FOR THE ARTS PURPOSE: GENERAL SUPPORT RELATED TO DIRECT EXPENSES OF THE LOGAN CENTER AND ITS EXEMPT PURPOSE | $250,000 |
Washington, DC PURPOSE: HELP PAY DOWN MORTGAGE ON BUILDING | $250,000 |
GEORGETOWN UNIVERSITY PURPOSE: GENERAL SUPPORT IN FURTHERANCE OF CHARITABLE MISSION | $200,000 |
MOSAIC THEATER COMPANY OF DC PURPOSE: GENERAL SUPPORT IN FURTHERANCE OF CHARITABLE MISSION | $125,000 |
NEIU FOUNDATION PURPOSE: SUPPORT A DEDICATED FACILITATOR POSITION, PROVIDE STIPENDS FOR VISITING ARTISTS IN RESIDENCE, AND PROVIDE FUNDING FOR "SYMPOSIUM" | $125,000 |
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 |