Brandermill Woods Foundation Inc
- Assets
- $365.4k
- Revenue
- $79.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Midlothian, VA
- Founding
- 02/2001
- Data as of
- 06/2023
- EIN
- 54-2010914
Organization Overview
Brandermill Woods Foundation Inc is located in Midlothian, VA. The organization was established in 2001. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brandermill Woods Foundation Inc 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 06/2023, Brandermill Woods Foundation Inc generated $79.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $121.7k during the year ending 06/2023. While expenses have increased by 6.4% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
BRANDERMILL WOODS FOUNDATION, INC. IS A VIRGINIA NON-PROFIT CORPORATION FORMED FOR THE PURPOSE OF SUPPORTING CHARITABLE, RELIGIOUS, EDUCATIONAL, AND/OR SCIENTIFIC PURPOSES. THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. RESOURCES FOR THE FOUNDATION'S ACTIVITIES ARE PRIMARILY PROVIDED BY THE RESIDENTS, AND FAMILIES AND FRIENDS OF THE RESIDENTS, OF BRANDERMILL WOODS RETIREMENT COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BRANDERMILL WOODS FOUNDATION, INC. IS A VIRGINIA NON-PROFIT CORPORATION FORMED FOR THE PURPOSE OF SUPPORTING CHARITABLE, RELIGIOUS, EDUCATIONAL, AND/OR SCIENTIFIC PURPOSES. THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. RESOURCES FOR THE FOUNDATION'S ACTIVITIES ARE PRIMARILY PROVIDED BY THE RESIDENTS, AND FAMILIES AND FRIENDS OF THE RESIDENTS, OF BRANDERMILL WOODS RETIREMENT COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Hughes President | OfficerTrustee | 0.5 | $0 |
Frasier Brickhouse Secretary/treasurer | OfficerTrustee | 0.5 | $0 |
Robbin Corey Kolbe Board Member | Trustee | 0.5 | $0 |
Tommy Baer Board Member | Trustee | 0.5 | $0 |
Derek Machado Board Member | Trustee | 0.5 | $0 |
Mike Hatch Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $45,226 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,795 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $66,021 |
| Total Program Service Revenue | $0 |
| Investment income | $3,992 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $8,974 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $78,987 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $106,729 |
| Grants and other assistance to domestic individuals. | $4,995 |
| 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 | $161 |
| Fees for services: Accounting | $3,845 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6,003 |
| 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 | $0 |
| Total functional expenses | $121,733 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $199,454 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $53,565 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $112,400 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $365,419 |
| Accounts payable and accrued expenses | $6,033 |
| 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 | $0 |
| Total liabilities | $6,033 |
| Net assets without donor restrictions | $312,913 |
| Net assets with donor restrictions | $46,473 |
| 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 | $365,419 |
Grants Awarded
Over the last fiscal year, Brandermill Woods Foundation Inc has awarded $106,729 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SENIOR LIVING CHOICES OF VIRGINIA INC PURPOSE: TO SUPPORT AND ENRICH THE QUALITY OF LIFE FOR THE RESIDENT OF BRANDERMILL WOODS BY CONSTRUCTING A PORJECT THAT INCLUDES A SCREENED GAZEBO, FIREPIT, ROCKING CHAIRS, BRICK PAVERS AND LANDSCAPED GARDENS. | $100,000 |
LEADINGAGE VIRGINIA PURPOSE: TO ESTABLISH A JOINT EFFORT TO BRING GREATER DIVERSITY TO THE RESIDENT POPULATIONS AT ALL LEVELS OF SERVICES PROVIDED. | $6,729 |