Townebank Richmond Foundation
- Assets
- $0.0
- Revenue
- $964.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 08/2000
- Data as of
- 12/2021
- EIN
- 54-1996321
Organization Overview
Townebank Richmond Foundation is located in Richmond, VA. The organization was established in 2000. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Townebank Richmond 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, Townebank Richmond Foundation generated $964.7k in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $730.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.9%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Townebank Richmond Foundation has awarded 251 individual grants totaling $1,362,042. 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
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth W Robertson Chairman | 1 | $0 | |
T Patrick Collins President | 2 | $0 | |
Brad H Booker Director | 1 | $0 | |
Richard D Dickinson Director | 1 | $0 | |
J Morgan Davis Director | 1 | $0 | |
Kevin R Laing Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $21,513 |
| Dividends & Interest | $294,239 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $646,238 |
| Capital Gain Net Income | $646,238 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,739 |
| Total Revenue | $964,729 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $70,284 |
| Total operating and administrative expenses | $85,284 |
| Contributions, gifts, grants paid | $645,216 |
| Total expenses and disbursements | $730,500 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| 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, Townebank Richmond Foundation has awarded $645,216 in support to 117 organizations.
| Grant Recipient | Amount |
|---|---|
ANNA JULIA COOPER EPISCOPAL SCHOOL PURPOSE: CONTRIBUTION | $20,000 |
ALL SAINTS CATHOLIC SCHOOL PURPOSE: CONTRIBUTION | $5,000 |
BEACON TREE PURPOSE: CONTRIBUTION | $2,000 |
BETTER HOUSING COALITION PURPOSE: CONTRIBUTION | $15,000 |
BETH SHOLOM OF VA PURPOSE: CONTRIBUTION | $15,000 |
BETTER2GETHER PURPOSE: CONTRIBUTION | $1,000 |