Ann K Kirby Foundation
- Assets
- $45.1m
- Revenue
- $1.9m
- Investments
- $25.1m
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 06/2015
- Data as of
- 12/2020
- EIN
- 47-2639018
Organization Overview
Ann K Kirby Foundation is located in Richmond, VA. The organization was established in 2015. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ann K Kirby 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 12/2020, Ann K Kirby Foundation generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.8% each year . All expenses for the organization totaled $650.8k during the year ending 12/2020. While expenses have increased by 13.2% per year over the past 6 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 2015, Ann K Kirby Foundation has awarded 20 individual grants totaling $7,043,809. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT A WIDE RANGE OF CHARITABLE PURPOSES INCLUDING HEALTH, EDUCATION, ENVIRONMENTAL CAUSES, FINE AND PERFORMING ARTS, HISTORICAL PRESERVATION AND FAITH-BASED MINISTRIES IN COMMUNITIES WHERE THERE ARE STRONG FAMILY TIES, INCLUDING RICHMOND, VA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION SUPPORTS CHARITABLE ACTIVITIES THAT ADVANCE HEALTH, MEDICAL RESEARCH, EDUCATION, ENVIRONMENTAL CAUSES, FINE AND PERFORMING ARTS, HISTORIC PRESERVATION, AND FAITH-BASED (CHRISTIAN) MINISTRIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wade H O Kirby Treasurer | OfficerTrustee | 0.5 | $0 |
Roger Hw Kirby President | OfficerTrustee | 1 | $0 |
Stewart L Cutler Director | Trustee | 0.5 | $0 |
Annette S Kirby Director | Trustee | 0.5 | $0 |
Hunter A Applewhite Director | Trustee | 0.5 | $0 |
Kirk Tattersall Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $653,873 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,290,273 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,944,146 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $387,050 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,385 |
| Fees for services: Accounting | $2,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $253,642 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $650,827 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $65,315 |
| Savings and temporary cash investments | $2,310,251 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $17,708,497 |
| Investments—other securities | $25,062,036 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $45,146,099 |
| Accounts payable and accrued expenses | $2,468 |
| Grants payable | $50,000 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $52,468 |
| Net assets without donor restrictions | $45,093,631 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $45,146,099 |
Grants Awarded
Over the last fiscal year, Ann K Kirby Foundation has awarded $2,412,934 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Hampdensydney, VA PURPOSE: RENOVATION OF THE KIRBY FIELD HOUSE | $1,200,000 |
New York, NY PURPOSE: SUPPORT THE T1D FUND | $500,000 |
Warm Springs, VA PURPOSE: TO SUPPORT CAPITAL IMPROVEMENTS TO THE GARTH NEWEL MUSIC CAMPUS | $350,000 |
Richmond, VA PURPOSE: SUPPORT THE ENDOWMENT COMPONENT OF THE JAMES CHANGER CAMPAIGN BY ADDING ADDITIONAL ENDOWED FUNS TO THE KIRBY FUND ENDOWMENT | $200,000 |
Richmond, VA PURPOSE: UNRESTRICTED SUPPORT | $162,934 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Goodwill Industries Of The Valley Works Roanoke, VA | $35,659,269 | $106,358,357 |
Youth Villages Foundation Inc Memphis, TN | $339,159,403 | $27,952,778 |
Community Investments Foundation Charlotte, NC | $101,933,737 | $21,788,464 |
Westminister-Canterbury Management Corporation Richmond, VA | $220,702,749 | $15,246,749 |
Hospice Of Chattanooga Foundation Chattanooga, TN | $0 | $886,666 |
Community Real Property Holdings Inc Charlotte, NC | $53,988,196 | $19,881,979 |
Communities In Schools Of North Carolina Inc Raleigh, NC | $8,297,246 | $8,586,637 |
The Arc Davidson County & Greater Nashville Nashville, TN | $1,667,294 | $2,925,688 |
Thrift Alliance Nashville, TN | $769,764 | $2,756,268 |
Lupus America Communities Washington, DC | $825,301 | $2,369,800 |
Virginia Baptist Homes Foundation Inc Glen Allen, VA | $12,836,580 | $2,666,939 |
The Greater Washington Jewish Coalition Against Domestic Abuse Rockville, MD | $364,644 | $1,919,245 |