Richmond Lee Downey Foundation
- Assets
- $283.7k
- Revenue
- $47.8k
- Investments
- $239.8k
- Employees
- 0
- Location
- Williamsport, MD
- Founding
- 06/1997
- Data as of
- 12/2022
- EIN
- 52-2036159
Organization Overview
Richmond Lee Downey Foundation is located in Williamsport, MD. The organization was established in 1997. 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. Richmond Lee Downey 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 12/2022, Richmond Lee Downey Foundation generated $47.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $35.4k during the year ending 12/2022. While expenses have increased by 12.6% per year over the past 8 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 2015, Richmond Lee Downey Foundation has awarded 105 individual grants totaling $152,150. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
R Lee Downey President/tr | 0.25 | $0 | |
Ann Marie Downey Trustee | 0.25 | $0 | |
Leon R Catlett Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $30,487 |
| Interest on Savings | $42 |
| Dividends & Interest | $9,983 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,309 |
| Capital Gain Net Income | $32,191 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $47,821 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $983 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,888 |
| Contributions, gifts, grants paid | $33,500 |
| Total expenses and disbursements | $35,388 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$1 |
| Savings and temporary cash investments | $43,942 |
| 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 | $283,736 |
| 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, Richmond Lee Downey Foundation has awarded $33,500 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
BIG BROTHERS BIG SISTERS OF PURPOSE: GENERAL FUND | $1,000 |
BOYS AND GIRLS CLUB OF WASHINGTON C PURPOSE: GENERAL FUND | $2,500 |
BROOKE'S HOUSE INC PURPOSE: GENERAL FUND | $1,000 |
CHILDREN'S VILLAGE OF WASHINGTON CO PURPOSE: GENERAL FUND | $1,500 |
FIRST CHRISTIAN CHURCH PURPOSE: GENERAL FUND | $2,500 |
COMMUNITY FREE CLINIC PURPOSE: GENERAL FUND | $2,500 |