Kip Kephart Foundation
- Assets
- $930.0k
- Revenue
- $184.0
- Investments
- $183.6k
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 05/1998
- Data as of
- 06/2024
- EIN
- 54-1890463
Organization Overview
Kip Kephart Foundation is located in Richmond, VA. The organization was established in 1998. 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. Kip Kephart 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 06/2024, Kip Kephart Foundation generated $184.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (58.4%) each year. All expenses for the organization totaled $76.5k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Kip Kephart Foundation has awarded 189 individual grants totaling $366,613. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
VCU VARIOUS SCHOLARSHIPS
VARIOUS
UNIVERSITY OF RICHMOND
HERITAGE LIBRARY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Geraldine Hall Treasurer | 0 | $0 | |
Neil S Kessler Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $184 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $184 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $18,070 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $4,261 |
| Occupancy | $15,136 |
| Travel, conferences, and meetings | $944 |
| Printing and publications | $0 |
| Other expenses | $6,391 |
| Total operating and administrative expenses | $47,059 |
| Contributions, gifts, grants paid | $29,415 |
| Total expenses and disbursements | $76,474 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $177,083 |
| Savings and temporary cash investments | $183,572 |
| 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 | $152,341 |
| Other assets | $233,440 |
| Total assets | $930,008 |
| 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, Kip Kephart Foundation has awarded $29,415 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
CHARLES CITY ANIMAL SHELTER PURPOSE: DONATION | $1,500 |
HERITAGE LIBRARY PURPOSE: DONATION | $2,343 |
VARIOUS PURPOSE: DONATIONS | $14,306 |
RICHMOND BALLET PURPOSE: DONATION | $2,126 |
MORATTICO WATERFRONT MUSEUM PURPOSE: DONATION | $150 |
NEW KENT COUNTY PURPOSE: DONATION | $80 |