Walter Franklin And Dorothy G Covington Foundation is located in Irvington, VA. The organization was established in 2000. 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. Walter Franklin And Dorothy G Covington 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 12/2023, Walter Franklin And Dorothy G Covington Foundation generated $62.9k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $40.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Walter Franklin And Dorothy G Covington Foundation has awarded 134 individual grants totaling $336,500. 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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
A Wayne Saunders Director | 0 | $0 | |
Reginald V Shaw Committee Mb | 0 | $0 | |
Margaret Gano Committee Mb | 0 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $96 |
Dividends & Interest | $18,735 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $44,030 |
Capital Gain Net Income | $19 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $0 |
Total Revenue | $62,861 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $0 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $393 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $15 |
Total operating and administrative expenses | $5,562 |
Contributions, gifts, grants paid | $35,000 |
Total expenses and disbursements | $40,562 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $37,201 |
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 | $0 |
Total assets | $191,049 |
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 |
Over the last fiscal year, Walter Franklin And Dorothy G Covington Foundation has awarded $35,000 in support to 14 organizations.
Grant Recipient | Amount |
---|---|
MASONIC HOME OF VA PURPOSE: GENERAL FUND/CHARITABLE SUPPORT | $2,500 |
MID COUNTY RESCUE SQUAD PURPOSE: GENERAL FUND/CHARITABLE SUPPORT | $2,500 |
CALLAO RESCUE SQUAD PURPOSE: GENERAL FUND/CHARITABLE SUPPORT | $2,500 |
INTERFAITH SVS COUNCIL PURPOSE: GENERAL FUND/CHARITABLE SUPPORT | $2,500 |
SHILOH BAPTIST CHURCH PURPOSE: GENERAL FUND/CHARITABLE SUPPORT | $2,500 |
REEDVILLE FISHERMEN'S MUS PURPOSE: GENERAL FUND/CHARITABLE SUPPORT | $2,500 |