Wortham Family Foundation
- Assets
- $492.3k
- Revenue
- $574.7k
- Investments
- $486.4k
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 10/2015
- Data as of
- 12/2022
- EIN
- 47-3082889
Organization Overview
Wortham Family Foundation is located in Richmond, VA. The organization was established in 2015. 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. Wortham Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2018, Wortham Family Foundation has awarded 13 individual grants totaling $3,818,500. 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 |
|---|---|---|---|
Coleman Wortham III President | 0 | $0 | |
Lindsay B Wortham Vice President | 0 | $0 | |
Virginia Wortham Kehlenbeck Secretary | 0 | $0 | |
Coleman Wortham Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $685,620 |
| Interest on Savings | $0 |
| Dividends & Interest | $9,248 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$120,173 |
| Capital Gain Net Income | $914,072 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $574,695 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,052 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $88 |
| Total operating and administrative expenses | $21,537 |
| Contributions, gifts, grants paid | $1,260,000 |
| Total expenses and disbursements | $1,281,537 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,934 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $492,291 |
| 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, Wortham Family Foundation has awarded $1,260,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDREN'S HOSPITAL FOUNDATION PURPOSE: GENERAL FUNDING | $1,250,000 |
MISSION GAIT FOUNDATION PURPOSE: GENERAL FUNDING | $10,000 |