Richmond Community Foundation Inc
- Assets
- $38.3m
- Revenue
- $4.2m
- Investments
- $37.2m
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 01/2002
- Data as of
- 12/2021
- EIN
- 56-2168849
Organization Overview
Richmond Community Foundation Inc is located in Charlotte, NC. The organization was established in 2002. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Richmond Community 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 12/2021, Richmond Community Foundation Inc generated $4.2m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 19.5% each year . All expenses for the organization totaled $2.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Richmond Community Foundation Inc has awarded 32 individual grants totaling $4,774,629. 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 |
|---|---|---|---|
Franklin Clay Jenkins Chair | 1 | $0 | |
John J Jackson Secretary | 1 | $0 | |
Sylvia Ballard Grants Chair | 1 | $0 | |
Russell E Bennett Jr Member | 1 | $0 | |
Paul R Smart Member | 1 | $0 | |
Bruce Stanback Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $260 |
| Dividends & Interest | $335,817 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,702,015 |
| Capital Gain Net Income | $3,702,015 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $210,659 |
| Total Revenue | $4,248,751 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $58,582 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $89,116 |
| Total operating and administrative expenses | $482,781 |
| Contributions, gifts, grants paid | $1,764,129 |
| Total expenses and disbursements | $2,246,910 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,057,454 |
| 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 | $51 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $19,427,284 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $38,277,506 |
| Accounts payable and accrued expenses | $16,202 |
| Grants payable | $800,000 |
| 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 | $816,202 |
Grants Awarded
Over the last fiscal year, Richmond Community Foundation Inc has awarded $1,864,129 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF ROCKINGHAM PURPOSE: RCC DOWNTOWN PROJECT ADDITIONAL FUNDING | $500,000 |
CITY OF ROCKINGHAM PURPOSE: RICHMOND COUNTY CARE CLINIC | $350,000 |
Pinehurst, NC PURPOSE: GENERAL SUPPORT | $200,000 |
Hamlet, NC PURPOSE: GENERAL SUPPORT | $175,000 |
Rockingham, NC PURPOSE: GENERAL SUPPORT | $100,000 |
PEE DEE CRISIS PREGNANCY CENTER PURPOSE: GENERAL SUPPORT | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tennessee Health Foundation Inc Chattanooga, TN | $243,056,353 | $3,261,329 |
Masters Tournament Foundation Inc Augusta, GA | $56,432,291 | $20,283,494 |
Assisi Foundation Of Memphis Inc Memphis, TN | $238,137,134 | $32,851,811 |
Commonwealth Foundations Richmond, VA | $819,010 | $12,460,000 |
Carmax Foundation Richmond, VA | $6,340,369 | $9,797,991 |
Ingersoll-Rand Charitable Foundation Davidson, NC | $949,422 | $5,202,263 |
Speedwell Foundation Atlanta, GA | $165,926,993 | $26,115,784 |
Teleios Collaborative Network Flat Rock, NC | $1,937,761 | $5,692,077 |
Berry Charitable Foundation Greensboro, NC | $66,443,887 | $19,441,279 |
Mcleod Family Foundation Inc Roanoke, VA | $24,622,922 | $3,411,070 |
Petters Family Foundation Newport News, VA | $24,802,843 | $3,836,696 |
Louisiana First Horizon Foundation Memphis, TN | $16,881,232 | $5,299 |