Jane & Arthur Flippo Foundation
- Assets
- $6.1m
- Revenue
- $929.1k
- Investments
- $5.4m
- Employees
- 0
- Location
- Doswell, VA
- Founding
- 00/0000
- Data as of
- 12/2022
- EIN
- 54-1479553
Organization Overview
Jane & Arthur Flippo Foundation is located in Doswell, VA. The organization was established in 0000. 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. Jane & Arthur Flippo 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, Jane & Arthur Flippo Foundation generated $929.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.4% each year . All expenses for the organization totaled $710.4k during the year ending 12/2022. While expenses have increased by 12.3% 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.
Since 2016, Jane & Arthur Flippo Foundation has awarded 245 individual grants totaling $2,945,632. 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
THE JANE AND ARTHUR FLIPPO FOUNDATION MAKES GRANTS TO QUALIFYING PUBLIC CHARITIES AND DOES NOT CARRY ON CHARITABLE ACTIVITIES DIRECTLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Franklin Jones President | 1 | $19,534 | |
Norman L Long Vice President | 1 | $19,534 | |
Sylvia S Acors Secretary & Treasurer | 1 | $19,534 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $196,150 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $704,304 |
| Capital Gain Net Income | $704,304 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $28,663 |
| Total Revenue | $929,117 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $58,602 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $531 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $87,474 |
| Total operating and administrative expenses | $151,857 |
| Contributions, gifts, grants paid | $558,500 |
| Total expenses and disbursements | $710,357 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $141,507 |
| 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 | $520,000 |
| 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 | $6,075,070 |
| 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, Jane & Arthur Flippo Foundation has awarded $558,500 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
ACES PURPOSE: TO SERVE THOSE IN NEED OF FOOD, CLOTHING, ETC. | $3,000 |
COMMONWEALTH ALLIANCE FOR RURAL COLLEGES PURPOSE: TO SUPPORT PROGRAM SERVICES | $5,000 |
ALS ASSOCIATION PURPOSE: TO SUPPORT PROGRAM SERVICES | $1,500 |
CAROLINE COUNTY AGRICULTURAL FAIR PURPOSE: TO SUPPORT PROGRAM SERVICES | $5,000 |
DOSWELL COMMUNITY CENTER PURPOSE: HELP DEFRAY THE COST OF HANDICAP VAN AND FACILITY MAINTENANCE | $16,000 |
DUNCAN MEMORIAL UNITED METHODIST CHURCH PURPOSE: FACILITY MAINTENANCE | $30,000 |