W Miller Richardson Tr
- Assets
- $6.6m
- Revenue
- $1.1m
- Investments
- $1.6m
- Employees
- 0
- Location
- Grundy, VA
- Founding
- 04/1999
- Data as of
- 12/2022
- EIN
- 54-6436722
Organization Overview
W Miller Richardson Tr is located in Grundy, VA. The organization was established in 1999. 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. W Miller Richardson Tr 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 12/2022, W Miller Richardson Tr generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 43.4% each year . All expenses for the organization totaled $432.6k during the year ending 12/2022. While expenses have increased by 15.7% 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.
Since 2016, W Miller Richardson Tr has awarded 15 individual grants totaling $1,224,016. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
FINANCIAL SUPPORT FOR THE TOWN OF GRUNDY, BUCHANAN COUNTY, AND NONPROFIT ORGANIZATIONS LOCATED IN BUCHANAN COUNTY, VIRGINIA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
St Mullins Trustee | 2 | $15,000 | |
Benjamin A Street Trustee | 2 | $15,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,406 |
| Dividends & Interest | $41,395 |
| Net Rental Income | -$17,653 |
| Net Gain on Sale of Assets | $15,740 |
| Capital Gain Net Income | $15,740 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,062,002 |
| Total Revenue | $1,137,943 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $30,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,980 |
| Depreciation | $4,859 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $27,194 |
| Total operating and administrative expenses | $132,580 |
| Contributions, gifts, grants paid | $300,000 |
| Total expenses and disbursements | $432,580 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6 |
| Savings and temporary cash investments | $3,694,580 |
| Net Accounts receivable | $43,393 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $465,333 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $733,676 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $9,873 |
| Total assets | $6,569,063 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $24 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $24 |
Grants Awarded
Over the last fiscal year, W Miller Richardson Tr has awarded $300,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
TOWN OF GRUNDY VIRGINIA PURPOSE: AQUISITION OF EQUIPMENT & OTHER NEEDS | $25,000 |
GRUNDY KIWANIS FOUNDATION PURPOSE: COMMUNITY IMPORVEMENT | $100,000 |
BUCHANAN COUNTY IDA PURPOSE: SUPPORT OF OPERATIONS | $100,000 |
BUCHANAN COUNTY PUBLIC SCHOOLS PURPOSE: SUPPORT PUBLIC EDUCATION NEEDS | $75,000 |