Revada Foundation
- Assets
- $43.3m
- Revenue
- $3.3m
- Investments
- $38.4m
- Employees
- 0
- Location
- Alexandria, VA
- Founding
- 01/2016
- Data as of
- 06/2023
- EIN
- 47-4329394
Organization Overview
Revada Foundation is located in Alexandria, VA. The organization was established in 2016. 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. Revada 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 2019, Revada Foundation has awarded 343 individual grants totaling $37,501,878. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel J Logan Permanent Director/president | 15 | $100,000 | |
Gloria B Logan Elected Director/secretary | 2 | $0 | |
Elizabeth J Logan Elected Director | 16 | $41,750 | |
Andrew J Logan Elected Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,535 |
| Dividends & Interest | $56,969 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,197,307 |
| Capital Gain Net Income | $3,197,307 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,258,811 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $141,750 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $7,650 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $23,025 |
| Total operating and administrative expenses | $317,937 |
| Contributions, gifts, grants paid | $11,229,900 |
| Total expenses and disbursements | $11,547,837 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,848,746 |
| Savings and temporary cash investments | $2,068,934 |
| 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 | $43,295,360 |
| 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, Revada Foundation has awarded $11,549,900 in support to 84 organizations.
| Grant Recipient | Amount |
|---|---|
1ST STAGE INC PURPOSE: GENERAL SUPPORT IN FURTHERANCE OF CHARITABLE MISSION | $35,000 |
ALIVE INC PURPOSE: GENERAL SUPPORT IN FURTHERANCE OF CHARITABLE MISSION | $50,000 |
AMERICAN VISIONARY ART MUSUEM PURPOSE: SUPPORT THE LOGAN VISIONARY CONFERENCE | $25,000 |
ALEXANDRIA TUTORING CONSORTIUM INC PURPOSE: GENERAL SUPPORT IN FURTHERANCE OF CHARITABLE MISSION | $10,000 |
826 CHI PURPOSE: GENERAL SUPPORT FOR THE ANNUAL BENEFIT | $1,500 |
ATHENS COUNTY HISTORICAL SOCIETY AND MUSEUM DBA SOUTHEAST OHIO HISTORY CENT PURPOSE: SUPPORT INVISIBLE GROUND - TO CREATE A SERIES OF EIGHT IMMERSIVE STORYTELLING HISTORIC MARKERS IN ATHENS COUNTY, OHIO | $35,000 |