Virginia Foundation Of Cooperation Inc
- Assets
- $579.9k
- Revenue
- $19.3k
- Investments
- $567.1k
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 05/1978
- Data as of
- 12/2022
- EIN
- 51-0221281
Organization Overview
Virginia Foundation Of Cooperation Inc is located in Richmond, VA. The organization was established in 1978. 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. Virginia Foundation Of Cooperation 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 12/2022, Virginia Foundation Of Cooperation Inc generated $19.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $24.9k during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
10 SCHOLARSHIPS FOR COLLEGE STUDENTS-7 WERE $2,000 SCHOLARSHIPS THROUGH VIRGINIA TECH; ONE $2,000 SCHOLARSHIP THROUGH VIRGINIA STATE UNIVERSITY AND TWO $1,000 SCHOLARSHIPS TO STUDENTS AT SOUTHSIDE VA COMMUNITY COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad Brown President | 1 | $0 | |
Adam Schifflett Vice-President | 1 | $0 | |
Jessica Harris Secretary | 1 | $0 | |
Mary Howell Executive Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $17,146 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $8,270 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,138 |
| Total Revenue | $19,284 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $397 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,140 |
| Total operating and administrative expenses | $6,912 |
| Contributions, gifts, grants paid | $18,000 |
| Total expenses and disbursements | $24,912 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,779 |
| 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 | $579,915 |
| 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, Virginia Foundation Of Cooperation Inc has awarded $18,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
7 SCHOLARSHIPS AWARDED THROUGH PURPOSE: ASSIST WITH EDUCATION | $14,000 |
1 SCHOLARSHIP AWARDED THROUGH PURPOSE: ASSIST WITH EDUCATION | $2,000 |
2 SCHOLARSHIPS AWARDED THROUGH PURPOSE: ASSIST WITH EDUCATION | $2,000 |