Saint Marys Home For Disabled Children Foundation
- Assets
- $37.2m
- Revenue
- $4.2m
- Investments
- $1.7m
- Employees
- 0
- Location
- Norfolk, VA
- Founding
- 05/1998
- Data as of
- 12/2021
- EIN
- 54-1868069
Organization Overview
Saint Marys Home For Disabled Children Foundation is located in Norfolk, VA. The organization was established in 1998. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Saint Marys Home For Disabled Children 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, Saint Marys Home For Disabled Children Foundation generated $4.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $1.0m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CHARITABLE SUPPORTING ORGANIZATION FOR ST. MARY'S HOME FOR DISABLED CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS ORGANIZED TO SERVE AS A SUPPORTING ORGANIZATION UNDER THE IRC SECTION 509(A)(3). IT IS OPERATED TO RECEIVE, MAINTAIN AND ADMINISTER ASSETS EXCLUSIVELY FOR THE BENEFIT AND FINANCIAL SUPPORT OF ST. MARY'S HOME.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allen White III Vice President | OfficerTrustee | 0.5 | $0 |
Michael Cotter President | OfficerTrustee | 0.5 | $0 |
Brad Mason Secretary | OfficerTrustee | 0.5 | $0 |
Andy Riverbark Treasurer | OfficerTrustee | 0.5 | $0 |
Randall Crutchfield Trustee | Trustee | 0.5 | $0 |
Chris D'surney Trustee | Trustee | 0.5 | $0 |
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 | $534,821 |
| Noncash contributions included in lines 1a–1f | $65,709 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $534,821 |
| Total Program Service Revenue | $0 |
| Investment income | $774,367 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,878,626 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,187,814 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $900,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $136,302 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,219 |
| Total functional expenses | $1,037,521 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $331,717 |
| Savings and temporary cash investments | $3,409 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $35,070,727 |
| Investments—other securities | $1,720,954 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $41,345 |
| Total assets | $37,168,152 |
| Accounts payable and accrued expenses | $88,682 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,975 |
| Total liabilities | $94,657 |
| Net assets without donor restrictions | $35,429,371 |
| Net assets with donor restrictions | $1,644,124 |
| 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 | $37,168,152 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Saint Marys Home For Disabled Children Foundation has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
We Promise Foundation Virginia Beach, VA PURPOSE: GENERAL SUPPORT | $30,000 |
Endowment Analysis
| Beg. Balance | $1,483,285 |
| Earnings | $159,286 |
| Admin Expense | $3,266 |
| Ending Balance | $1,639,305 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
High Point Realty Associates Inc Durham, NC | $37,211,144 | -$111,209 |
Eddie C And C Sylvia Brown Family Foundation Inc Baltimore, MD | $3,716,367 | $4,436,697 |
Foundations And Donors Interest In Catholic Activities Washington, DC | $12,432,482 | $5,708,412 |
Grantmakers In Health Washington, DC | $9,558,387 | $6,468,350 |
Mcglothlin Foundation Bristol, VA | $17,450,755 | $3,108,342 |
Saint Marys Home For Disabled Children Foundation Norfolk, VA | $37,168,152 | $4,187,814 |
Family Faith And Freedom Foundation Washington, DC | $19,815,300 | $893,000 |
Lost Sheep Ministries Inc Knoxville, TN | $704,656 | $432,203 |
Community Residences Foundation Chantilly, VA | $4,861,456 | $1,373,875 |
Chs Sports Boosters Inc Thurmont, MD | $94,425 | $0 |
L A M P Foundation Knoxville, TN | $1,071,995 | $177,293 |
Marilynn R Pierce Charitable Tr Ua Louisville, KY | $1,108,808 | $260,241 |