Alice Virginia & David W Fletcher Foundation
- Assets
- $18.0m
- Revenue
- $653.4k
- Investments
- $16.5m
- Employees
- 0
- Location
- Hagerstown, MD
- Founding
- 08/1993
- Data as of
- 12/2023
- EIN
- 52-1789319
Organization Overview
Alice Virginia & David W Fletcher Foundation is located in Hagerstown, MD. The organization was established in 1993. 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. Alice Virginia & David W Fletcher 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 12/2023, Alice Virginia & David W Fletcher Foundation generated $653.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Alice Virginia & David W Fletcher Foundation has awarded 185 individual grants totaling $7,454,209. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Sargent President/vi | 2 | $0 | |
Paula A Lampton Treasurer | 2 | $0 | |
Cassandra Latimer Secretary | 2 | $0 | |
Gregory I Snook Executive Di | 20 | $60,000 | |
Andrew Serafini Director | 2 | $0 | |
Hugh J Breslin III Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $553,442 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $99,688 |
| Capital Gain Net Income | $99,688 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $269 |
| Total Revenue | $653,399 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $60,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $4,675 |
| Interest | $0 |
| Taxes | $38,681 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $92,102 |
| Total operating and administrative expenses | $210,168 |
| Contributions, gifts, grants paid | $1,075,000 |
| Total expenses and disbursements | $1,285,168 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $1,564,072 |
| 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 | $4,044,982 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $18,015,479 |
| 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 | $10,721 |
| Total liabilities | $10,721 |
Grants Awarded
Over the last fiscal year, Alice Virginia & David W Fletcher Foundation has awarded $1,075,000 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
BEACON HOUSE INC PURPOSE: GENERAL FUND | $10,000 |
BOYS & GIRLS CLUB OF WASHINGTON CO PURPOSE: GENERAL FUND | $200,000 |
CHILDREN IN NEED PURPOSE: GENERAL FUND | $25,000 |
COLLEGIUM SANCTORUM ANGELORUM INC PURPOSE: GENERAL FUND | $25,000 |
COMMUNITY MEDIATION MARYLAND INC PURPOSE: GENERAL FUND | $15,000 |
FORT RITCHIE COMMUNITY CENTER CORPO PURPOSE: GENERAL FUND | $20,000 |