C E Richardson Benevolent Foundation
- Assets
- $1.6m
- Revenue
- $214.3k
- Investments
- $1.5m
- Employees
- 0
- Location
- Pulaski, VA
- Founding
- 08/1978
- Data as of
- 05/2024
- 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 05/2024, C E Richardson Benevolent Foundation generated $214.3k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $301.6k during the year ending 05/2024. While expenses have increased by 1.9% 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 191 individual grants totaling $1,113,213. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS WERE AWARDED TO 49 NON-PROFIT PUBLIC CHARITABLE APPLICANTS IN VIRGINIA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phillip M Baker Trustee | 2 | $5,000 | |
Mark S Buckland Trustee | 2 | $5,000 | |
James D Miller Trustee Emeritus | 2 | $5,000 | |
Ruth S Looney Manager & Trustee | 6 | $11,539 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $174,944 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $39,349 |
| Capital Gain Net Income | $39,349 |
| Net ST Capital Gain | $9 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $214,293 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $20,000 |
| Other employee salaries and wages | $6,539 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,737 |
| Depreciation | $190 |
| Occupancy | $1,200 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $55 |
| Other expenses | $3,025 |
| Total operating and administrative expenses | $34,746 |
| Contributions, gifts, grants paid | $266,848 |
| Total expenses and disbursements | $301,594 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,414 |
| Savings and temporary cash investments | $66,971 |
| 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 | $100 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $29 |
| Other assets | $0 |
| Total assets | $1,595,092 |
| Accounts payable and accrued expenses | $713 |
| 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 | $713 |
Grants Awarded
Over the last fiscal year, C E Richardson Benevolent Foundation has awarded $266,848 in support to 46 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF REFUGE PULASKI INC PURPOSE: TO HELP FUND THE COR AFTER-SCHOOL ENRICHMENT PROGRAM YEAR-LONG AFTER-SCHOOL PROGRAM FOR 3RD THROUGH 8TH GRADE STUDENTS. INCLUDED MATERIALS FOR CULINARY ARTS DRAMA ART MUSIC FOREIGN LANGUAGE CROSS FIT TRAINING AND VOCATIONS TRAINING CLASSES. ALSO USED TO HELP ASSIST WITH MAINTENANCE AND FUEL FOR THEIR TWO 15 PASSENGER VANS. | $4,000 |
DEPAUL COMMUNITY RESOURCES PURPOSE: TO PROVIDE PLAY THERAPY EQUIPMENT TRAINING SEMINAR FOR PLAY THERAPY AND TO PROVIDE CRITICAL PROGRAM SUPPORT FOR THEIR FOSTER CARE ADOPTION AND COUNSELING SERVICES. | $5,000 |
DUBLIN UNITED METHODIST CHURCH PURPOSE: TO HELP FUND THE PURCHASE OF FOOD FOR THE BACKPACK PROGRAM WHICH BENEFITS APPROXIMATELY 130 CHILDREN AT DUBLIN ELEMENTARY SCHOOL. THE BACKPACKS ARE DISTRIBUTED WEEKLY. | $7,500 |
EASTER SEALS UCP NC AND VA INC PURPOSE: TO PROVIDE FINANCIAL AID TO 2024 CAMP APPLICANTS ACCORDING TO NEED AND AS DETERMINED BY HOUSEHOLD INCOME. ALL FUNDS WILL SUPPORT CHILDREN WITH A PHYSICAL AND OR INTELLECTUAL DISABILITY AND IN FINANCIAL NEED. | $5,000 |
EMERGENCY NEEDS TASK FORCE OF PC PURPOSE: TO PROVIDE NON-DISCRIMINATING EMERGENCY ASSISTANCE TO THE CITIZENS OF THE TOWN AND COUNTY OF PULASKI WHOSE INCOME IS 200% OF THE POVERTY LEVEL OR LOWER. ASSISTANCE IS PROVIDED FOR SHELTER ELECTRIC WATER HEATING FUEL NON-NARCOTIC PRESCRIPTIONS INFANT NEEDS AND FOOD. | $5,000 |
FAIRLAWN VOLUNTEER FIRE DEPARTMENT PURPOSE: TO PURCHASE 2 THERMAL IMAGING CAMERAS. | $6,953 |