Whitfield Foundation
- Assets
- $1.3m
- Revenue
- $50.8k
- Investments
- $784.0k
- Employees
- 0
- Location
- Midlothian, VA
- Founding
- 10/1969
- Data as of
- 12/2023
- EIN
- 54-6087146
Organization Overview
Whitfield Foundation is located in Midlothian, VA. The organization was established in 1969. 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. Whitfield 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, Whitfield Foundation generated $50.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (7.5%) each year. All expenses for the organization totaled $73.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.0%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Whitfield Foundation has awarded 14 individual grants totaling $310,500. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Needham B Whitfield President/treasurer | 2 | $0 | |
Maha S Whitfield Secretary | 0 | $0 | |
Julia W Auerbach Vice-President | 0 | $0 | |
Alexander A Whitfield Director | 0 | $0 | |
Sophia N Whitfield Vice-President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $55,462 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4,680 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $50,782 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $553 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,803 |
| Contributions, gifts, grants paid | $72,000 |
| Total expenses and disbursements | $73,803 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,774 |
| Savings and temporary cash investments | $546,262 |
| 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 | $250 |
| Total assets | $1,340,327 |
| 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, Whitfield Foundation has awarded $72,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
LIFELONG LEARNING INSTITUTE IN CHESTERFIELD COUNTY VIRGINIA INC PURPOSE: GENERAL SUPPORT | $10,000 |
RICHMOND BALLET PURPOSE: GENERAL SUPPORT | $40,000 |
VIRGINIA MUSEUM OF FINE ARTS PURPOSE: GENERAL SUPPORT | $12,000 |
COLLEGIATE SCHOOL PURPOSE: GE | $10,000 |