T Nash And Gloria M Broaddus Foundation
- Assets
- $811.2k
- Revenue
- $148.0k
- Investments
- $769.3k
- Employees
- 0
- Location
- Virginia Beach, VA
- Founding
- 05/1997
- Data as of
- 12/2021
- EIN
- 54-1842036
Organization Overview
T Nash And Gloria M Broaddus Foundation is located in Virginia Beach, VA. 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. T Nash And Gloria M Broaddus 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 12/2021, T Nash And Gloria M Broaddus Foundation generated $148.0k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 35.9% each year . All expenses for the organization totaled $86.4k during the year ending 12/2021. While expenses have increased by 3.0% 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 2020, T Nash And Gloria M Broaddus Foundation has awarded 27 individual grants totaling $195,000. 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
2021
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 |
|---|---|---|---|
Wallace Starke Sec. Treas. | 0 | $2,500 | |
Stephen K Chadwick President | 0 | $2,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4 |
| Dividends & Interest | $34,375 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $113,658 |
| Capital Gain Net Income | $878 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $148,037 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $492 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,117 |
| Total operating and administrative expenses | $21,444 |
| Contributions, gifts, grants paid | $65,000 |
| Total expenses and disbursements | $86,444 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,966 |
| Savings and temporary cash investments | $37,791 |
| 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 | $53 |
| Total assets | $811,152 |
| 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, T Nash And Gloria M Broaddus Foundation has awarded $65,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
Norfolk, VA PURPOSE: TO PROVIDE SCHOLARSHIPS TO FAMILY MEMBERS OF ACTIVE DUTY, RETURED, AND HONORABLY DISCHARGED SURFACE NAVY PERSONNEL. | $13,500 |
UNITED SERVICES ORGANIZATION PURPOSE: TO FUND PROGRAMS, ENTERTAINMENT AND SERVICES AT MORE THAN 200 LOCATIONS WORLDWIDE AND PROVIDE A CONFORTING PLACE FOR SERVICE MEMBERS AND THEIR FAMILIES. ALSO TO KEEP USO CENTERS OPEN 24/7 FOR HEROES FIGHTING ISIS, CINDUCTING CRITICAL MILITARY OPERATIONS. | $12,500 |
THE SALVATION ARMY PURPOSE: TO HELP FUND EFFORTS TO PROVIDE RELIEF TO VICTIMS OF NATURAL DISASTERS AND ALSO THOSE AMERICANS SEEKING THE BASIC NECESSITIES OF LIFE. | $12,500 |
Irvington, VA PURPOSE: TO SUPPORT EFFORTS FOR PRESERVATION OF THE CHURCH, HISTORIC RESEARCH AND EDUCATIONAL PROGRAMS | $7,500 |
Washington, DC PURPOSE: TO SUPPORT THE HIDDEN HEROES CAMPAIGN, RAISING AWARENESS OF THE ISSUES OF MILITARY CAREGIVERS AND SEEKING SOLUTIONS FOR THEIR CHALLENGES AND LONG-TERM NEEDS | $5,000 |
TRAVIS MANION FOUNDATION PURPOSE: TO HELP VETERANS CONTINUE THEIR SERVICE AND THRIVE IN THEIR POST-MILITARY LIVES, BY PROVIDING VETERAN TRANSITION WORKSHOPS. TO FUND EXPEDITIONS FOR THE FAMILIES OF THE FALLEN TO COME TOGETHER AND SERVE OTHERS IN HONOR OF THEIR FALLEN HEROES. | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Robins Foundation Richmond, VA | $182,936,779 | $19,761,890 |
Jacob And Hilda Blaustein Foundation Inc Baltimore, MD | $130,688,531 | $27,779,767 |
Carson-Myre Charitable Foundation Paducah, KY | $72,587,857 | $8,781,396 |
Virginia Institute Of Autism Incorporated Charlottesville, VA | $13,400,970 | $11,731,710 |
Clark-Winchcole Foundation Bethesda, MD | $197,708,650 | $12,024,655 |
Joe C Davis Foundation Nashville, TN | $101,782,891 | $6,182,733 |
National Minority Quality Forum Inc Washington, DC | $4,852,871 | $11,649,230 |
Gambrell Foundation Charlotte, NC | $0 | $18,901,501 |
Day Foundation Memphis, TN | $0 | $13,711,953 |
Clayton Family Foundation Knoxville, TN | $90,913,195 | $17,391,150 |
Affordable Housing Opportunity Fund Inc Charlottesville, VA | $703,537 | $6,974,715 |
G Harbaugh Foundation Franklin, TN | $61,708,468 | $12,393,056 |