J Sargeant Reynolds Community
- Assets
- $18.6m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 25
- Location
- Richmond, VA
- Founding
- 10/1979
- Data as of
- 06/2022
- EIN
- 54-1130296
Organization Overview
J Sargeant Reynolds Community is located in Richmond, VA. The organization was established in 1979. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2022, J Sargeant Reynolds Community employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. J Sargeant Reynolds Community 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 06/2022, J Sargeant Reynolds Community generated $3.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $2.0m during the year ending 06/2022. While expenses have increased by 8.7% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE FINANCIAL SUPPORT TO J. SARGEANT REYNOLDS COMMUNITY COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS AND ALLOCATIONS - MATERIALS AND EXPENSES IN SUPPORT OF PROGRAMS
GRANTS AND ALLOCATIONS - SCHOLARSHIPS FOR STUDENTS TUITION AND FEES
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paula P Pando Director | Trustee | 5 | $31,000 |
Elizabeth S Littlefield Executive Director | Officer | 35 | $20,000 |
Amelia M Bradshaw Assistant Treasurer | Officer | 5 | $15,000 |
Patrick W Farrell Past President | OfficerTrustee | 5 | $0 |
Neil S Kessler Vice President | OfficerTrustee | 5 | $0 |
Lea S Rasmussen Treasurer | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Reynolds Comm College | 6/29/20 | $823,015 |
Victor Products Equipment Purchases | 6/29/20 | $747,768 |
Cbre Heery Inc Architecture, Engeneering | 6/29/20 | $128,956 |
Reynolds Comm College | 6/29/20 | $823,015 |
Victor Products Equipment Purchases | 6/29/20 | $747,768 |
Cbre Heery Inc Architecture, Engeneering | 6/29/20 | $128,956 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,936,300 |
| Noncash contributions included in lines 1a–1f | $1,175 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,936,300 |
| Total Program Service Revenue | $93,157 |
| Investment income | $296,927 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$1,385 |
| Net Gain/Loss on Asset Sales | $981,630 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,306,629 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $611,374 |
| Grants and other assistance to domestic individuals. | $913,420 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $25,000 |
| Compensation of current officers, directors, key employees. | $25,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $226,803 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $26,977 |
| Payroll taxes | $0 |
| Fees for services: Management | $15,750 |
| Fees for services: Legal | $30,000 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $89,078 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,527 |
| Information technology | $15,794 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,944 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,156 |
| All other expenses | $1,561 |
| Total functional expenses | $2,010,921 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200 |
| Savings and temporary cash investments | $1,932,338 |
| Pledges and grants receivable | $1,211,753 |
| Accounts receivable, net | $7,656 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $8,907 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $15,280,733 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $199,829 |
| Total assets | $18,641,416 |
| Accounts payable and accrued expenses | $99,369 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $375,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $474,369 |
| Net assets without donor restrictions | $1,827,080 |
| Net assets with donor restrictions | $16,339,967 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $18,641,416 |
Grants Awarded
Over the last fiscal year, J Sargeant Reynolds Community has awarded $163,556 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
J SARGEANT REYNOLDS COMMUNITY COLLEGE PURPOSE: ALL GRANT FUNDS ARE TO BE USED FOR SCHOLARSHIPS AND PROGRAMS FOR REYNOLDS COMMUNITY COLLEGE. ONLY ENROLLED STUDENTS RECEIVE SCHOLARSHIPS. PROGRAM EXPENDITURES ARE MADE DIRECTLY TO THE COLLEGE OR VENDORS. | $115,430 |
Richmond, VA PURPOSE: ALL GRANT FUNDS ARE TO BE USED FOR SCHOLARSHIPS AND PROGRAMS FOR REYNOLDS COMMUNITY COLLEGE. ONLY ENROLLED STUDENTS RECEIVE SCHOLARSHIPS. PROGRAM EXPENDITURES ARE MADE DIRECTLY TO THE COLLEGE OR VENDORS. | $48,126 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that J Sargeant Reynolds Community has recieved totaling $613,890.
| Awarding Organization | Amount |
|---|---|
Lettie Pate Whitehead Foundation Inc Atlanta, GA PURPOSE: For nursing scholarships. | $220,300 |
The Pauley Family Foundation Richmond, VA PURPOSE: ANNUAL SUPPORT | $100,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $69,129 |
The Community Foundation Inc Richmond, VA PURPOSE: GENERAL PURPOSES | $51,618 |
Virginia Nonproit Housing Coalition Richmond, VA PURPOSE: TO SUPPORT EMERGENCY FINANCIAL SUPPORT, LAST DOLLAR TUITION SUPPORT, ACCESS TO TECHNOLOGY AND INVENTORY FOR REYNOLD'S FOOD PANTRIES | $50,000 |
Brookfield Inc Richmond, VA PURPOSE: GENERAL | $50,000 |
Endowment Analysis
| Beg. Balance | $16,365,935 |
| Earnings | -$2,085,700 |
| Net Contributions | $124,955 |
| Grants | $296,837 |
| Ending Balance | $14,108,353 |