Radiant Point Foundation
- Assets
- $2.8m
- Revenue
- $405.3k
- Investments
- $2.3m
- Employees
- 0
- Location
- Herndon, VA
- Founding
- 11/2017
- Data as of
- 12/2023
- EIN
- 82-6461556
Organization Overview
Radiant Point Foundation is located in Herndon, VA. The organization was established in 2017. 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. Radiant Point 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, Radiant Point Foundation generated $405.3k 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 (10.5%) each year. All expenses for the organization totaled $20.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Radiant Point Foundation has awarded 13 individual grants totaling $111,775. 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 |
|---|---|---|---|
Timothy Faltemier Trustee | 5 | $0 | |
Emily Faltemier Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $4,535 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $405,332 |
| Total Revenue | $405,332 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $20,775 |
| Total expenses and disbursements | $20,775 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,249 |
| Savings and temporary cash investments | $479,047 |
| 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 | $2,304,279 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,832,575 |
| 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, Radiant Point Foundation has awarded $20,775 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
ST TIMOTHY CATHOLIC SCHOOL PURPOSE: CHARITABLE | $13,175 |
ST TIMOTHY PTO PURPOSE: CHARITABLE | $1,400 |
ALLEMAN HIGH SCHOOL PURPOSE: CHARITABLE | $0 |
VIRGINIA NATIVE PLANT SOCIETY PURPOSE: CHARITABLE | $5,000 |
STUDENT AND GLOBAL COMMUNITY ENGAGEMENT PURPOSE: CHARITABLE | $1,200 |