C E Richardson Benevolent Foundation
- Assets
- $1.7m
- Revenue
- $419.2k
- Investments
- $1.7m
- Employees
- 0
- Location
- Pulaski, VA
- Founding
- 08/1978
- Data as of
- 05/2022
- EIN
- 51-0227549
Organization Overview
C E Richardson Benevolent Foundation is located in Pulaski, 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. C E Richardson Benevolent 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 05/2022, C E Richardson Benevolent Foundation generated $419.2k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 35.3% each year . All expenses for the organization totaled $365.1k during the year ending 05/2022. While expenses have increased by 11.9% per year over the past 4 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 2021, C E Richardson Benevolent Foundation has awarded 99 individual grants totaling $571,201. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS WERE AWARDED TO 51 NON-PROFIT PUBLIC CHARITABLE APPLICANTS IN VIRGINIA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ruth S Looney Manager & Trustee | 6 | $11,700 | |
Phillip M Baker Trustee | 2 | $5,000 | |
Mark S Buckland Trustee | 2 | $5,000 | |
James D Miller Trustee Emeritus | 2 | $5,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $169,231 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $250,003 |
| Capital Gain Net Income | $226,009 |
| Net ST Capital Gain | $23,994 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $419,234 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $20,000 |
| Other employee salaries and wages | $6,700 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,256 |
| Depreciation | $190 |
| Occupancy | $1,200 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $65 |
| Other expenses | $4,662 |
| Total operating and administrative expenses | $39,073 |
| Contributions, gifts, grants paid | $326,037 |
| Total expenses and disbursements | $365,110 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,706 |
| Savings and temporary cash investments | $49,798 |
| 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 | $239 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $409 |
| Other assets | $0 |
| Total assets | $1,719,444 |
| Accounts payable and accrued expenses | $1,464 |
| 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 | $1,464 |
Grants Awarded
Over the last fiscal year, C E Richardson Benevolent Foundation has awarded $326,037 in support to 51 organizations.
| Grant Recipient | Amount |
|---|---|
NEW RIVER COMMUNITY COLLEGE EDUCATI PURPOSE: PROVIDE TUITION ASSISTANCE TO GRADUATING PULASKI COUNTY HIGH SCHOOL STUDENTS ATTENDING NEW RIVER COMMUNITY COLLEGE | $25,000 |
FELLOWSHIP OF CHRISTIAN ATHLETES PURPOSE: FUNDS FOR CLUB SPORTS ATHLETIC PROGRAM CHAPLAIN | $10,000 |
AMERICAN NATIONAL RED CROSS PURPOSE: TO PROVIDE FOOD SHELTER AND CLOTHING AND OTHER EMERGENCY NEEDS TO THOSE WHO SUFFER LOSSES FROM HOME FIRES OR OTHER DISASTERS | $10,000 |
Pulaski, VA PURPOSE: HELP WITH PURCHASE OF WIRELESS MICROPHONES FOR THEATRE | $10,000 |
Newbern, VA PURPOSE: SUPPORT PRESERVATION OF COMMUNITY CENTER WITH A NEW ROOF | $10,000 |
JORDAN'S CHAPEL UNITED METHODIST CH PURPOSE: PURCHASE FOOD THAT WILL BE USED TO FILL THE BACKPACK FOR STUDENTS AT PULASKI ELEMENTARY SCHOOLS | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trousdale Foundation Inc Cleveland, TN | $157,578,588 | $76,137,385 |
The United Methodist Retirement Homes Inc Durham, NC | $351,992,425 | $85,120,969 |
Msi-Us Washington, DC | $1,301,607 | $71,292,993 |
Peter Alfond Foundation Bethesda, MD | $78,752,550 | $129,307,233 |
Bhp Foundation Washington, DC | $309,092,778 | $68,102,954 |
Wyss Medical Foundation Inc Washington, DC | $41,278,790 | $827,503 |
Service Coordination Inc Frederick, MD | $19,156,790 | $52,158,150 |
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
Dogwood Health Trust Asheville, NC | $1,386,374,836 | $630,200,598 |
J Willard And Alice S Marriott Foundation Bethesda, MD | $441,340,618 | $31,840,539 |
Jack Kent Cooke Foundation Lansdowne, VA | $883,502,508 | $42,942,790 |
Bainum Family Foundation Bethesda, MD | $0 | $60,288,788 |