Ratcliffe Foundation
- Assets
- $15.5m
- Revenue
- $461.4k
- Investments
- $2.6m
- Employees
- 0
- Location
- Tazewell, VA
- Founding
- 03/1972
- Data as of
- 05/2023
- EIN
- 23-7126937
Organization Overview
Ratcliffe Foundation is located in Tazewell, VA. The organization was established in 1972. 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. Ratcliffe 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 05/2023, Ratcliffe Foundation generated $461.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $561.1k during the year ending 05/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATION FOR RESEARCH HOSPITAL PURPOSES
DONATION FOR RESEARCH HOSPITAL PURPOSES
DONATION FOR COMMUNITY SERVICE- VOLUNTEER FIRE DEPTS., CHURCHES, HOSPITALS, SCHOOLS, FUNERAL SERVICES, CEMETERIES & HISTORICAL SITES
DONATION FOR COMMUNITY SERVICE- VOLUNTEER FIRE DEPTS., CHURCHES, HOSPITALS, SCHOOLS, FUNERAL SERVICES, CEMETERIES & HISTORICAL SITES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Cole Pres/director | 0 | $0 | |
William Rife Secretary/treas | 0 | $0 | |
Sam Varney Assist.sec/trea | 0 | $0 | |
Fred Harman Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $90 |
| Interest on Savings | $29,408 |
| Dividends & Interest | $2,881 |
| Net Rental Income | -$59,569 |
| Net Gain on Sale of Assets | -$2,014 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $188,718 |
| Total Revenue | $461,377 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $87,857 |
| Pension plans, employee benefits | $11,157 |
| Interest | $0 |
| Taxes | $7,255 |
| Depreciation | $143,684 |
| Occupancy | $34,283 |
| Travel, conferences, and meetings | $175 |
| Printing and publications | $0 |
| Other expenses | $176,071 |
| Total operating and administrative expenses | $561,072 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $561,072 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $190,342 |
| Savings and temporary cash investments | $3,431,100 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $1,000 |
| Net other notes and loans receivable | $144,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,420 |
| Net Investments - land, buildings, equipment | $2,534,328 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $5,725,954 |
| Other assets | $814,182 |
| Total assets | $15,493,717 |
| 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 | $1,446 |
| Total liabilities | $1,446 |
Grants Awarded
Over the last fiscal year, Ratcliffe Foundation has awarded $3,393,690 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
EDDIE'S TROPHIES PURPOSE: COMMUNITY SERVICE- HIGH SCHOOL FOOTBALL TROPHY- MOST VALUABLE PLAYER AWARD | $211 |
ST JUDE CHILDREN'S RESEARCH HOSPITAL PURPOSE: CHARITABLE- PROVIDE SUPPORT FOR CHILDRENS HOSPITAL | $1,696,634 |
EDDIE'S TROPHIES PURPOSE: COMMUNITY SERVICE- HIGH SCHOOL FOOTBALL TROPHY- MOST VALUABLE PLAYER AWARD | $211 |
ST JUDE CHILDREN'S RESEARCH HOSPITAL PURPOSE: CHARITABLE- PROVIDE SUPPORT FOR CHILDRENS HOSPITAL | $1,696,634 |